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Motilal Oswal Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of ProStocks ranges between Rs 15. Motilal Oswal is a Full Service Broker where ProStocks is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ProStocks is 6,202 where number of active customer for Motilal Oswal is 1. ProStocks is serving more customer compare to Motilal Oswal.

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

  Motilal Oswal Compare
Motilal Oswal
ProStocks Compare
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1 6,202
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. Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks
Broker Enquiry Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

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

Comparison of Motilal Oswal with ProStocks 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 ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with ProStocks
Charges Motilal Oswal ProStocks
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 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs ProStocks on Plan Options

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

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

Account Opening

  Zerodha ProStocks
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs ProStocks 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.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare Motilal Oswal with ProStocks
Brokerage Charges Compare Motilal Oswal ProStocks
Plan Name Default Brokerage Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% Flat Fee Rs 15
Equity Futures 0.02% Flat Fee Rs 15
Equity Options Rs 20 per lot Flat Fee Rs 15
Currency Futures Rs 20 per lot Flat Fee Rs 15
Currency Options Rs 20 per lot Flat Fee Rs 15
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot NA
Minimum Brokerage NIL NA
Hidden Charges No No
Funding Yes - 18% interest PA No
Call & Trade Charges NA Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges NA Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Motilal Oswal vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with ProStocks
Transaction Charges Compare Motilal Oswal ProStocks
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 prostocks
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Account Features

Compare Motilal Oswal vs ProStocks on Account Features

Compare Motilal Oswal with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - ProStocks offers Algo Trading where Motilal Oswal doesn't offers Algo Trading. Margin Funding - Motilal Oswal offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Motilal Oswal with ProStocks
Account Features Compare Motilal Oswal ProStocks
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
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 ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and ProStocks. 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 ProStocks
Trading Platform Compare Motilal Oswal ProStocks
Desktop Trading Platform Orion Lite Star ProStocks
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://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader Star ProStocks
Mobile Trading App Demo MO Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS Star ProStocks 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 ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Motilal Oswal vs ProStocks on User Rating

  Motilal Oswal ProStocks
  57 Customer Reviews    Rate Motilal Oswal 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.2 4.5
Trading Brokerage Rating 2.6 4.5
Trading Platform Usability 3.2 4.5
Customer Service Ratings 3.0 4.0
Overall Ratings 3.0 4.5
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Motilal Oswal vs ProStocks on Investment Offerings

Compare Motilal Oswal with ProStocks 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 ProStocks doesn't offer. Online Mutual Fund Investment - Motilal Oswal offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where ProStocks doesn't offer

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

Compare Motilal Oswal vs ProStocks on Order Types

Order Type - Compare Motilal Oswal with ProStocks 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 ProStocks
Order Type Compare Motilal Oswal ProStocks
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 ProStocks on Customer Service

Compare Motilal Oswal with ProStocks 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 ProStocks
Customer Service Compare Motilal Oswal ProStocks
24/7 Customer Service Motilal Oswal vs ProStocks - 24x7 customer support No No
Email Support Motilal Oswal vs ProStocks - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs ProStocks - Onine Live Chat No No
Phone Support Motilal Oswal vs ProStocks - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs ProStocks - Toll Free Number No No
Through Branches Motilal Oswal vs ProStocks - Through Branches Yes No
Customer Care Number Motilal Oswal vs ProStocks - Customer Care Number 022 40548000/022 67490600 +91-2262-434343
Account Opening Process Motilal Oswal vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Motilal Oswal vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs ProStocks - Knowledge Center/Education https://edumo.motilaloswal.com/ https://www.prostocks.com/faq.html
Head Office Address Motilal Oswal vs ProStocks - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Motilal Oswal vs ProStocks - Company Website https://www.motilaloswal.com/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare Motilal Oswal vs ProStocks on Research Reports, Tips

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

Research Reports - Compare Motilal Oswal with ProStocks
  Motilal Oswal ProStocks
Research Mutual Funds Motilal Oswal vs ProStocks - Research Mutual Funds Yes No
Research Equity Reports Motilal Oswal vs ProStocks - Research Equity Reports Yes No
Research ETF Motilal Oswal vs ProStocks - Research ETF Yes No
Daily Market Report Motilal Oswal vs ProStocks - Daily Market Report Yes No
Free Tips Motilal Oswal vs ProStocks - Free Tips Yes No
Quarterly Result Analysis Motilal Oswal vs ProStocks - Quarterly Results Yes No
News Alerts Motilal Oswal vs ProStocks - Yes No
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Demat Account

Compare Motilal Oswal vs ProStocks on Demat Account

Compare Motilal Oswal with ProStocks 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 ProStocks is Free (₹1000 Refundable Deposit) where for Motilal Oswal is ₹400 pa. ProStocks is a better choice in terms of Demat AMC compare to Motilal Oswal.

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 ProStocks is ₹20 per ISIN.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 ProStocks
  Motilal Oswal ProStocks
DP Source CDSL CDSL
DP ID Motilal Oswal vs ProStocks - DP ID 10900 83200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1000 Refundable Deposit)
Advance Deposit NIL 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹20 per ISIN
Demat ₹50 per certificate + ₹50 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹50 per set up + ₹50 courier charges
Pledge Creation ₹35 ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹35 ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹35 ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs ProStocks on Special Offers and Promotion

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

Compare Motilal Oswal vs ProStocks on Special Offers and Promotion
  Motilal Oswal ProStocks
Pay In and Pay Out Options Motilal Oswal vs ProStocks - 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Motilal Oswal vs ProStocks - Payout Time Max 24 hrs except bank holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Motilal Oswal vs ProStocks - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
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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...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

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...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

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) ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Open Zerodha Account Now>> Open ProStocks Account Now>>

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