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Motilal Oswal Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal ranges between 0.02 to 0.20% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Motilal Oswal is having overall higher rating compare to AxisDirect. Motilal Oswal is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for AxisDirect is 3,42,472 where number of active customer for Motilal Oswal is 1. AxisDirect is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Motilal Oswal vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Motilal Oswal vs AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Motilal Oswal vs AxisDirect on Service

  Motilal Oswal Compare
Motilal Oswal
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1 3,42,472
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with AxisDirect
Charges Motilal Oswal AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where Motilal Oswal doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Motilal Oswal with AxisDirect on Plan Options
Plan Types Motilal Oswal AxisDirect
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs AxisDirect on Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Motilal Oswal with AxisDirect
Brokerage Charges Compare Motilal Oswal AxisDirect
Plan Name Default Brokerage Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.50% (Each leg)
Equity Intraday 0.02% 0.05% (Each leg)
Equity Futures 0.02% 0.05% (Each leg)
Equity Options Rs 20 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 20 per lot 0.05% (Each Leg)
Currency Options Rs 20 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges NA Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges NA 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Motilal Oswal vs AxisDirect on Transaction Charges

Compare Motilal Oswal with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal with AxisDirect
Transaction Charges Compare Motilal Oswal AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for axisdirect
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Account Features

Compare Motilal Oswal vs AxisDirect on Account Features

Compare Motilal Oswal with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Motilal Oswal offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Motilal Oswal with AxisDirect
Account Features Compare Motilal Oswal AxisDirect
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. Yes, Motilal Oswal have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Motilal Oswal vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Motilal Oswal with AxisDirect
Trading Platform Compare Motilal Oswal AxisDirect
Desktop Trading Platform Orion Lite Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader AxisDirect Ring Mobile App
Mobile Trading App Demo MO Trader Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Motilal Oswal vs AxisDirect on User Rating

  Motilal Oswal AxisDirect
  57 Customer Reviews    Rate Motilal Oswal 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.2 2.5
Trading Brokerage Rating 2.6 2.0
Trading Platform Usability 3.2 3.2
Customer Service Ratings 3.0 2.7
Overall Ratings 3.0 2.3
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Motilal Oswal vs AxisDirect on Investment Offerings

Compare Motilal Oswal with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where AxisDirect doesn't offer

Investment Offerings - Compare Motilal Oswal with AxisDirect
Investment Offerings Compare Motilal Oswal AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Motilal Oswal vs AxisDirect on Order Types

Order Type - Compare Motilal Oswal with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal provide Bracket Orders (BO) where AxisDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Motilal Oswal with AxisDirect
Order Type Compare Motilal Oswal AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs AxisDirect on Customer Service

Compare Motilal Oswal with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Motilal Oswal with AxisDirect
Customer Service Compare Motilal Oswal AxisDirect
24/7 Customer Service Motilal Oswal vs AxisDirect - 24x7 customer support No No
Email Support Motilal Oswal vs AxisDirect - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs AxisDirect - Onine Live Chat No Yes
Phone Support Motilal Oswal vs AxisDirect - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs AxisDirect - Toll Free Number No Yes
Through Branches Motilal Oswal vs AxisDirect - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs AxisDirect - Customer Care Number 022 40548000/022 67490600 022-61480808
Account Opening Process Motilal Oswal vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Motilal Oswal vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs AxisDirect - Knowledge Center/Education https://edumo.motilaloswal.com/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Motilal Oswal vs AxisDirect - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Motilal Oswal vs AxisDirect - Company Website https://www.motilaloswal.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Motilal Oswal vs AxisDirect on Research Reports, Tips

Compare Motilal Oswal with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare Motilal Oswal with AxisDirect
  Motilal Oswal AxisDirect
Research Mutual Funds Motilal Oswal vs AxisDirect - Research Mutual Funds Yes Yes
Research Equity Reports Motilal Oswal vs AxisDirect - Research Equity Reports Yes Yes
Research ETF Motilal Oswal vs AxisDirect - Research ETF Yes Yes
Daily Market Report Motilal Oswal vs AxisDirect - Daily Market Report Yes Yes
Free Tips Motilal Oswal vs AxisDirect - Free Tips Yes Yes
Quarterly Result Analysis Motilal Oswal vs AxisDirect - Quarterly Results Yes Yes
News Alerts Motilal Oswal vs AxisDirect - Yes Yes
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Demat Account

Compare Motilal Oswal vs AxisDirect on Demat Account

Compare Motilal Oswal with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for AxisDirect is ₹500 pa where for Motilal Oswal is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal with AxisDirect
  Motilal Oswal AxisDirect
DP Source CDSL CDSL
DP ID Motilal Oswal vs AxisDirect - DP ID 10900 49200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹500 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹10
Demat ₹50 per certificate + ₹50 courier charges ₹3 per certificate
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹35 ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹35 ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹35 Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs AxisDirect on Special Offers and Promotion

Compare Motilal Oswal with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs AxisDirect on Special Offers and Promotion
  Motilal Oswal AxisDirect
Pay In and Pay Out Options Motilal Oswal vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Motilal Oswal vs AxisDirect - Payout Time Max 24 hrs except bank holidays. Instant to Axis Bank.
Bank Supported and Charges Motilal Oswal vs AxisDirect - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
Likes

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T05:03:12+00:00