The side-by-side comparison of Motilal Oswal and Zerodha. Compare Motilal Oswal Vs Zerodha brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Motilal Oswal vs Zerodha?
Motilal Oswal
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 Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it...
Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Ze...
Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.
Motilal Oswal | Zerodha | |
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Type of Broker | Full Service Broker | Discount Broker |
Supported Exchnages | BSE, NSE, MCX | NSE, BSE, MCX and NCDEX |
Account Type | Default Plan | Flat Brokerage Plan |
Year of Incorporation | 1987 | 2010 |
Number of Branches | 305 | 22 |
Broker Enquiry |
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Enquire Motilal Oswal | Enquire Zerodha |
Motilal Oswal trading account opening charges is Rs 0 while Zerodha account opening changes is Rs 200. Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Zerodha Demat Account AMC Charges is Rs 300.
Motilal Oswal | Zerodha | |
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Trading Account Opening Charges | Rs 0 | Rs 200 |
Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Free (Rs 400 2nd year onward) | Rs 300 |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.
Motilal Oswal | Zerodha | |
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Account Type | Default Plan | Flat Brokerage Plan |
Fixed Charges | ||
Equity Delivery Brokerage | 0.50% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.05% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.05% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 100 per lot (both side) | Rs 20 per executed order |
Currency Futures Trading Brokerage | Rs 20 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 20 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.05% (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | |
Special Offer | Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer |
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer |
Motilal Oswal | Zerodha | |
---|---|---|
Account Type | Value Pack (VP2KLT) | Flat Brokerage Plan |
Fixed Charges | Rs 2000 (one time fee) | |
Equity Delivery Brokerage | 0.40% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.04% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.04% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 50 per lot (both side) | Rs 20 per executed order |
Currency Futures Trading Brokerage | Rs 22 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 22 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.04% (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | |
Enquire Motilal Oswal | Enquire Zerodha |
Motilal Oswal | Zerodha | |
---|---|---|
Account Type | Value Pack (VP1LACLT) | Flat Brokerage Plan |
Fixed Charges | Rs 1,00,000 (one time fee) | |
Equity Delivery Brokerage | 0.10% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.01% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.01% (both side) | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 20 per lot (both side) | Rs 20 per executed order |
Currency Futures Trading Brokerage | Rs 10 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 10 per lot (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.01% (both side) | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | |
Enquire Motilal Oswal | Enquire Zerodha |
Minimum Brokerage Charges | Rs 25 for Delivery and Rs 12 for Intraday | 0.03% in Intraday and F&O |
Other Brokerage Charges | Minimum balance: Rs 1,000 | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS |
Call & Trade Charges | Nil | Rs 50 per executed order |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
Motilal Oswal | Zerodha | |
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Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Futures | Rs 200 per Cr (0.002%) | NSE Rs 190 per Cr (0.0019%) |
Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | Rs 125 per Cr (0.00125%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
Currency Options | Rs 4200 per Cr (0.042%)(on premium) | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Commodity | MCX: Rs 250 per Cr (0.0025%) | Group A - Rs 260 per Cr (0.0026%) |
Enquire Motilal Oswal | Enquire Zerodha |
Motilal Oswal provides the margin of 20x for Margin+ (Over 140 Stocks), 4x for other stocks for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).
Motilal Oswal | Zerodha | |
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Equity Delivery | 4x | 1x (no margin) |
Equity Intraday | 20x for Margin+ (Over 140 Stocks), 4x for other stocks | Up to 20x (based on the stock) |
Equity Futures | Upto 3x for Intraday | 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 | No exposure | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Commodity Futures | Upto 3x for Intraday | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Commodity Options | No exposure | |
Enquire Motilal Oswal | Enquire Zerodha |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.
Motilal Oswal | Zerodha | |
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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 | Orion Lite, MO Trader App | Kite Web, Kite Mobile for Android/iOS and Coin |
Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | |
Other Features | Direct Mutual Funds, APIs for Algo Trading | |
Referral Program | ![]() |
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Enquire Motilal Oswal | Enquire Zerodha |
Motilal Oswal is rated 2.4 of 5 based on 103 customer reviews whereas Zerodha is rated 3.7 of 5 based on 409 customer reviews.
Motilal Oswal | Zerodha | |
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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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Enquire Motilal Oswal | Enquire Zerodha |
Motilal Oswal | Zerodha | |
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Promo / Offers | Get Zero AMC for LifetimeMotilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, 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. |
Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 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. |
Enquire Motilal Oswal | Enquire Zerodha |
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