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Motilal Oswal Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where IDBI Direct 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 IDBI Direct ranges between 0.02% to 0.20%. Both the brokers are Full Service brokers. Motilal Oswal is having overall higher rating compare to IDBI Direct. Motilal Oswal is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for Motilal Oswal is 1. IDBI Direct is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs IDBI Direct 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 IDBI Direct'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 IDBI Direct 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 IDBI Direct'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 IDBI Direct on Service

  Motilal Oswal Compare
Motilal Oswal
IDBI Direct Compare
IDBI Direct
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 54,478
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. Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...Know more about IDBI Direct
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Account Opening Charges and AMC

Compare Motilal Oswal vs IDBI Direct on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with IDBI Direct
Charges Motilal Oswal IDBI Direct
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 350 PA [Free for 1st year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with IDBI Direct. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

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Brokerage Charges

Compare Motilal Oswal vs IDBI Direct 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.

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Brokerage Charges - Compare Motilal Oswal with IDBI Direct
Brokerage Charges Compare Motilal Oswal IDBI Direct
Plan Name Default Brokerage Plan Flat Brokerage PLan
Equity Delivery 0.20% 0.20%
Equity Intraday 0.02% 0.02%
Equity Futures 0.02% Flat Rs 15 per order
Equity Options Rs 20 per lot Flat Rs 15 per order
Currency Futures Rs 20 per lot Flat Rs 15 per order
Currency Options Rs 20 per lot Flat Rs 15 per order
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot NA
Minimum Brokerage NIL Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges NA Free
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare Motilal Oswal vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with IDBI Direct
Transaction Charges Compare Motilal Oswal IDBI Direct
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 NA
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for idbicapital
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Account Features

Compare Motilal Oswal vs IDBI Direct on Account Features

Compare Motilal Oswal with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct
Account Features Compare Motilal Oswal IDBI Direct
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 No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Motilal Oswal vs IDBI Direct on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and IDBI Direct. 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 IDBI Direct
Trading Platform Compare Motilal Oswal IDBI Direct
Desktop Trading Platform Orion Lite Infinity
Desktop Demo Desktop Demo Info Not Available
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://trade.idbicapital.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App MO Trader IDBI Direct Mobile App
Mobile Trading App Demo MO Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS IDBI Direct Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for IDBI Direct
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for IDBI Direct
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for IDBI Direct
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for idbicapital

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Broker Ratings by Users

Compare Motilal Oswal vs IDBI Direct on User Rating

  Motilal Oswal IDBI Direct
  57 Customer Reviews    Rate Motilal Oswal 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.2 3.0
Trading Brokerage Rating 2.6 2.5
Trading Platform Usability 3.2 2.6
Customer Service Ratings 3.0 2.7
Overall Ratings 3.0 2.7
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
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Investment Offerings

Compare Motilal Oswal vs IDBI Direct on Investment Offerings

Compare Motilal Oswal with IDBI Direct 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 - Motilal Oswal offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare Motilal Oswal with IDBI Direct
Investment Offerings Compare Motilal Oswal IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
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 IDBI Direct on Order Types

Order Type - Compare Motilal Oswal with IDBI Direct 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) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a 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 IDBI Direct
Order Type Compare Motilal Oswal IDBI Direct
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs IDBI Direct on Customer Service

Compare Motilal Oswal with IDBI Direct 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 IDBI Direct
Customer Service Compare Motilal Oswal IDBI Direct
24/7 Customer Service Motilal Oswal vs IDBI Direct - 24x7 customer support No No
Email Support Motilal Oswal vs IDBI Direct - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs IDBI Direct - Onine Live Chat No No
Phone Support Motilal Oswal vs IDBI Direct - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs IDBI Direct - Toll Free Number No Yes
Through Branches Motilal Oswal vs IDBI Direct - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs IDBI Direct - Customer Care Number 022 40548000/022 67490600 022-3913 5001
Account Opening Process Motilal Oswal vs IDBI Direct - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Motilal Oswal vs IDBI Direct - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs IDBI Direct - Knowledge Center/Education https://edumo.motilaloswal.com/ Info Not Available
Head Office Address Motilal Oswal vs IDBI Direct - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Info Not Available
Website Motilal Oswal vs IDBI Direct - Company Website https://www.motilaloswal.com/ https://www.idbidirect.in/
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Tips/Research/Reports Published

Compare Motilal Oswal vs IDBI Direct on Research Reports, Tips

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

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

Compare Motilal Oswal vs IDBI Direct on Demat Account

Compare Motilal Oswal with IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges.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 IDBI Direct
  Motilal Oswal IDBI Direct
DP Source CDSL CDSL
DP ID Motilal Oswal vs IDBI Direct - DP ID 10900 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹350 pa
Advance Deposit NIL NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹30 courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹35 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹35 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation Nil 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation ₹35 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs IDBI Direct on Special Offers and Promotion

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

Compare Motilal Oswal vs IDBI Direct on Special Offers and Promotion
  Motilal Oswal IDBI Direct
Pay In and Pay Out Options Motilal Oswal vs IDBI Direct - 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
Info Not Available
Payout Time Motilal Oswal vs IDBI Direct - Payout Time Max 24 hrs except bank holidays. Info Not Available
Bank Supported and Charges Motilal Oswal vs IDBI Direct - 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 Info Not Available
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...

  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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...

  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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