Motilal Oswal Vs Zerodha Share Broker Comparison
The side-by-side comparison of Motilal Oswal Securities Ltd and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Motilal Oswal and Zerodha.
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Motilal Oswal Securities Ltd |
Zerodha |
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| About the Broker |
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Fun...  |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MCX |
NSE, BSE, MCX and NCDEX |
| Account Type
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Standard Account |
Standard Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Motilal Oswal Securities Ltd |
Zerodha |
| Trading Account Opening Fees
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₹0 |
₹300 |
| Trading Account AMC
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₹0 |
₹0 (Free) |
| Demat Account Opening Fees
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₹0 |
₹100 |
| Demat Account AMC
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₹299 (1st year free) |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Motilal Oswal Securities Ltd |
Zerodha |
| Account Type |
Standard Account |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.15% to 0.50% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.015% to 0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.015% to 0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹25 to ₹100 per Lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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₹20 per Lot |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per Lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.03% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Other Charges
| Minimum Brokerage Charges
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₹25 for Delivery and ₹12 for Intraday |
₹0 |
| Other Brokerage Charges
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Minimum balance: ₹1,000 |
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
| Call & Trade Charges
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₹20 per executed order |
Taxes
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Motilal Oswal Securities Ltd |
Zerodha |
| Securities Transaction Tax (STT)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Motilal Oswal Securities Ltd |
Zerodha |
| Equity Delivery
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NSE: 0.00335% | BSE: 0.01% |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Intraday
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NSE: 0.00325% | BSE: 0.002% |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Futures
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0.002% |
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Options
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NSE 0.0511% | BSE 0.002% (on premium) |
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) |
| Currency Futures
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0.00125% |
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) |
| Currency Options
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0.042% (on premium) |
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) |
| Commodity
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MCX: 0.0025% |
Group A - ₹260 per Cr (0.0026%) |
Exposure
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Motilal Oswal Securities Ltd |
Zerodha |
| Equity Delivery
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4 times |
1x (no margin) |
| Equity Intraday
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20 time for Margin+ (Over 140 Stocks), 4 times for other stocks |
Up to 20x (based on the stock) |
| Equity Futures
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Intraday: 3 times | Carry forward position: no exposure |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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No exposure |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures
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NA |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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NA |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity
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Intraday: 3 times | Carry forward position: no exposure |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Share Broker Features
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Motilal Oswal Securities Ltd |
Zerodha |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Orion Lite |
Kite Web, Kite Android/iOS, Pi, Coin |
| Intraday Square-off Time
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3:10 PM |
| Other Features
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Direct Mutual Funds |
Broker Ratings (Average User Rating)
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Motilal Oswal Securities Ltd |
Zerodha |
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79 Customer Reviews  |
329 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews |
Zerodha is Rated 3.8 / 5 based on 329 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Motilal Oswal Securities Ltd |
Zerodha |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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PMS, Fixed Deposits, Insurance, Derivatives |
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Customer Service Offered
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Motilal Oswal Securities Ltd |
Zerodha |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Motilal Oswal Securities Ltd |
Zerodha |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Motilal Oswal Securities Ltd |
Zerodha |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Motilal Oswal Securities Ltd |
Zerodha |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Motilal Oswal Securities Ltd |
Zerodha |
| Pros
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- Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
- Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
- Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.
More Advantages... |
- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Excellent trading platforms made available for free to all its customers.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
- 10% referral credit for reffering new customers.
- Direct Mutual Fund Investment is available.
- Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
More Advantages... |
| Cons
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- Margin Deposit Rs 10,000+ is required
- In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.
More Disadvantages... |
- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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| Promo / Offers
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Free (Trading & Demat Account) + Free Brokerage for 1st Month
Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, free access to research & advice and free use of trading platform.
This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you. |
Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Enquire about Motilal Oswal
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee