Motilal Oswal Vs Zerodha (Compare Motilal Oswal and Zerodha)
The side-by-side comparison of Motilal Oswal and Zerodha. Compare Motilal Oswal Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and Motilal Oswal review.
Find out Motilal Oswal Vs Zerodha which is better and Motilal Oswal Vs Zerodha which is best.
Our Motilal Oswal Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between Motilal Oswal and Zerodha.
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
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX
NSE, BSE, MCX and NCDEX
Account Type
Default Plan
Standard Plan
Broker Enquiry
Year of Incorporation
1987
2010
Number of Branches
305
22
Motilal Oswal Vs Zerodha Charges
Motilal Oswal
Zerodha
Trading Account Opening Fees
₹0
₹200
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹0
₹100
Demat Account AMC
Free (₹400 2nd year onward)
₹300
Demat Account is Mandatory?
No
No
Motilal Oswal Vs Zerodha Brokerage
Brokerage Plan 1
Motilal Oswal
Zerodha
Account Type
Default Plan
Standard Plan
Fixed Charges
Equity Delivery Brokerage
0.50%
₹0 (Free)
Equity Intraday Brokerage
0.05% (both side)
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.05% (both side)
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
₹100 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
₹20 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
₹20 per lot (both side)
₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage
0.05% (both side)
₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Brokerage Plan 2
Motilal Oswal
Zerodha
Account Type
Value Pack (VP2KLT)
Standard Plan
Fixed Charges
₹2000 (one time fee)
Equity Delivery Brokerage
0.40%
₹0 (Free)
Equity Intraday Brokerage
0.04% (both side)
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.04% (both side)
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
₹50 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
₹22 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
₹22 per lot (both side)
₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage
0.04% (both side)
₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Brokerage Plan 3
Motilal Oswal
Zerodha
Account Type
Value Pack (VP1LACLT)
Standard Plan
Fixed Charges
₹1,00,000 (one time fee)
Equity Delivery Brokerage
0.10%
₹0 (Free)
Equity Intraday Brokerage
0.01% (both side)
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.01% (both side)
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
₹20 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
₹10 per lot (both side)
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
₹10 per lot (both side)
₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage
0.01% (both side)
₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Other Charges
Minimum Brokerage Charges
₹25 for Delivery and ₹12 for Intraday
₹0
Other Brokerage Charges
Minimum balance: ₹1,000
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges
Nil
₹20 per executed order
Motilal Oswal Vs Zerodha Taxes
Motilal Oswal
Zerodha
Securities Transaction Tax (STT)
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)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Motilal Oswal Vs Zerodha Transaction Charges
Motilal Oswal
Zerodha
Equity Delivery
NSE: 0.00335% | BSE: 0.01%
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday
NSE: 0.00325% | BSE: 0.002%
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures
0.002%
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options
NSE 0.0511% | BSE 0.002% (on premium)
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures
0.00125%
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options
0.042% (on premium)
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity
MCX: 0.0025%
Group A - ₹260 per Cr (0.0026%)
Motilal Oswal Vs Zerodha Exposure Margin
Motilal Oswal
Zerodha
Equity Delivery
4 times
1x (no margin)
Equity Intraday
20 time for Margin+ (Over 140 Stocks), 4 times for other stocks
Up to 20x (based on the stock)
Equity Futures
Intraday: 3 times | Carry forward position: no exposure
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options
No exposure
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures
NA
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options
NA
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures
Intraday: 3 times | Carry forward position: no exposure
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
Motilal Oswal and Zerodha Feature Comparison
Motilal Oswal
Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
Orion Lite, MO Trader App
Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time
3:10 PM
Other Features
Direct Mutual Funds, APIs
Referral Program
Motilal Oswal Vs Zerodha Review
Motilal Oswal
Zerodha
84 Customer Reviews
351 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Motilal Oswal is Rated 2.6 / 5 based on 84 customer reviews
Zerodha is Rated 3.8 / 5 based on 351 customer reviews
Contact Broker / Request A Call Back
Motilal Oswal Enquire
Zerodha Enquire
Contact Broker
Motilal Oswal Vs Zerodha Investment Options
Motilal Oswal
Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
PMS, Fixed Deposits, Insurance, Derivatives
Motilal Oswal Vs Zerodha Customer Service
Motilal Oswal
Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches
Motilal Oswal Vs Zerodha Order Type Offered
Motilal Oswal
Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Motilal Oswal Vs Zerodha Research Report
Motilal Oswal
Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Motilal Oswal Vs Zerodha Suitable For Investor Type
Motilal Oswal
Zerodha
Casual Investor
Active Investor
Trader
Motilal Oswal Vs Zerodha - Advantages and Disadvantages
Motilal Oswal
Zerodha
Pros
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.
Value pack brokerage plans are available for frequent traders.
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.
Motilal Oswal offers FREE Trading + Demat Account (₹1000 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 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
Zerodha
Zero Account Opening Fee