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Motilal Oswal Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of Upstox ranges between Rs 20. Motilal Oswal is a Full Service Broker where Upstox is a Discount Broker. Motilal Oswal is having overall lower rating compare to Upstox. Motilal Oswal is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for Motilal Oswal is 1. Upstox is serving more customer compare to Motilal Oswal.

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

  Motilal Oswal Compare
Motilal Oswal
Upstox Compare
Upstox
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, MCX
Active Clients 1 24,01,555
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. Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

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

Comparison of Motilal Oswal with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Upstox
Charges Motilal Oswal Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Upstox on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with Upstox. 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 Upstox on Plan Options
Plan Types Motilal Oswal Upstox
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs Upstox 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare Motilal Oswal with Upstox
Brokerage Charges Compare Motilal Oswal Upstox
Plan Name Default Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.20% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% 0.05% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures Rs 20 per lot 0.05% or Rs 20 whichever is lower
Currency Options Rs 20 per lot Flat Fee Rs 20
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges NA Rs 50 + 18% GST
Auto Square off Charges NA Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Upstox on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with Upstox
Transaction Charges Compare Motilal Oswal Upstox
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for upstox
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Account Features

Compare Motilal Oswal vs Upstox on Account Features

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

Account Features - Motilal Oswal with Upstox
Account Features Compare Motilal Oswal Upstox
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 Yes
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 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Motilal Oswal vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Upstox. 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 Upstox
Trading Platform Compare Motilal Oswal Upstox
Desktop Trading Platform Orion Lite Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader Upstox
Mobile Trading App Demo MO Trader Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS Upstox 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 Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Motilal Oswal vs Upstox on User Rating

  Motilal Oswal Upstox
  57 Customer Reviews    Rate Motilal Oswal 12 Customer Reviews    Rate Upstox
Fees Ratings 3.2 3.5
Trading Brokerage Rating 2.6 3.8
Trading Platform Usability 3.2 3.7
Customer Service Ratings 3.0 3.5
Overall Ratings 3.0 3.7
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Upstox on Investment Offerings

Compare Motilal Oswal with Upstox 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 Upstox doesn't offer

Investment Offerings - Compare Motilal Oswal with Upstox
Investment Offerings Compare Motilal Oswal Upstox
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 No
ETF Yes Yes
Banking No No
Insurance Yes No
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 Upstox on Order Types

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

Compare Motilal Oswal with Upstox 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 Upstox
Customer Service Compare Motilal Oswal Upstox
24/7 Customer Service Motilal Oswal vs Upstox - 24x7 customer support No No
Email Support Motilal Oswal vs Upstox - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs Upstox - Onine Live Chat No Yes
Phone Support Motilal Oswal vs Upstox - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs Upstox - Toll Free Number No No
Through Branches Motilal Oswal vs Upstox - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs Upstox - Customer Care Number 022 40548000/022 67490600 +91 22 6130 9999
Account Opening Process Motilal Oswal vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Motilal Oswal vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs Upstox - Knowledge Center/Education https://edumo.motilaloswal.com/ https://upstox.com/help-center/
Head Office Address Motilal Oswal vs Upstox - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website Motilal Oswal vs Upstox - Company Website https://www.motilaloswal.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare Motilal Oswal vs Upstox on Research Reports, Tips

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

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

Compare Motilal Oswal vs Upstox on Demat Account

Compare Motilal Oswal with Upstox 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 Upstox is ₹300 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 Upstox is ₹13 + ₹5.50 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 Upstox
  Motilal Oswal Upstox
DP Source CDSL CDSL
DP ID Motilal Oswal vs Upstox - DP ID 10900 81800
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 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) ₹13 + ₹5.50 CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹20 + ₹50 courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹35 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹35 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹35 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Upstox on Special Offers and Promotion

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

Compare Motilal Oswal vs Upstox on Special Offers and Promotion
  Motilal Oswal Upstox
Pay In and Pay Out Options Motilal Oswal vs Upstox - 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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Motilal Oswal vs Upstox - Payout Time Max 24 hrs except bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Motilal Oswal vs Upstox - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Info Not Available HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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) Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

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