FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Fyers ranges between Rs 20. The broker ICICIDirect and Motilal Oswal are full service brokers where Fyers is a discount broker. Overall rating for ICICIDirect is 4, Motilal Oswal is rated 4, Fyers is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Motilal Oswal vs Fyers stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs Motilal Oswal vs Fyers on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better ICICIDirect vs Motilal Oswal vs Fyers in this setion with 360 degree view of broker information.
In this section we have compared ICICIDirect vs Motilal Oswal vs Fyers on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Fyers charges Free AMC for Demat account.
Charges | ICICIDirect | Motilal Oswal | Fyers |
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Trading Account Opening Fees | Free | Free | Free |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Free |
Demat AMC | Rs 300 per annum | Rs 400 per annum [Free for 1st year] | Free |
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Plans are the most important feature you look when compare ICICIDirect vs Motilal Oswal vs Fyers. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where Motilal Oswal and Fyers doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | ICICIDirect | Motilal Oswal | Fyers |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Fyers | |
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Account Opening Request |
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.
Brokerage Charges Compare | ICICIDirect | Motilal Oswal | Fyers |
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Plan Name | NEO Flat Discount Brokerage Plan | Default Brokerage Plan | Max Rs 20 Per Order Trading Plan |
Equity Delivery | 0.55% | 0.20% | Free |
Equity Intraday | Flat Rs. 20 per order | 0.02% | 0.03% or Rs 20 whichever is lower |
Equity Futures | Free (Rs. 0 brokerage) | 0.02% | 0.03% or Rs 20 whichever is lower |
Equity Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 20 |
Currency Futures | Flat Rs. 20 per order | Rs 20 per lot | 0.03% or Rs 20 whichever is lower |
Currency Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 20 |
Commodity Trading | Flat Rs. 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 20 |
Minimum Brokerage | Rs 35 per trade | ||
Hidden Charges | Yes | No | |
Funding | Yes - 18% interest PA | Yes - 18% interest PA | No |
Call & Trade Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 50 Per Order |
Auto Square off Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 50 Per Order |
Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Fyers |
Compare ICICIDirect vs Motilal Oswal vs Fyers on transaction charges and PCM fee by segment.
Transaction Charges Compare | ICICIDirect | Motilal Oswal | Fyers |
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Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
Commodity | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | NA |
Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for fyers |
Compare ICICIDirect vs Motilal Oswal vs Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 Account where Motilal Oswal and Fyers offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Motilal Oswal offers margin funding where Fyers doesn't offers margin funding. NRI Trading - ICICIDirect and Motilal Oswal offers NRI Trading where Fyers doesn't offers NRI Trading.
Account Features Compare | ICICIDirect | Motilal Oswal | Fyers |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo 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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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
NRI Trading | ![]() |
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Other Features | NIL | NIL | Fyers 30 Day Challenge |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Motilal Oswal vs Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
Compare ICICIDirect vs Motilal Oswal vs Fyers 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal and Fyers offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect and Motilal Oswal offers PMS facility where Fyers doesn't offers PMS facility.
Investment Offerings Compare | ICICIDirect | Motilal Oswal | Fyers |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Order Type - Compare ICICIDirect vs Motilal Oswal vs Fyers on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal and Fyers provides Bracket Orders (BO) facility where ICICIDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.
Order Type Compare | ICICIDirect | Motilal Oswal | Fyers |
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CNC order | ![]() |
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MIS order | ![]() |
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NRML order | ![]() |
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Cover order | ![]() |
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Bracket order | ![]() |
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AMO-After Market Orders | ![]() |
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GTC-Good Till Cancelled | ![]() |
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Compare ICICIDirect vs Motilal Oswal vs Fyers on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
Customer Service Compare | ICICIDirect | Motilal Oswal | Fyers |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 1860 123 1122 | 022 40548000/022 67490600 | 08060001111 |
Account Opening Process | Online | Online/Paperless | 100% online and paperless proc |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://edumo.motilaloswal.com/ | https://fyers.in/school-of-stocks/ |
Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009 |
Website | https://www.icicidirect.com | https://www.motilaloswal.com/ | https://fyers.in/ |
Compare ICICIDirect vs Motilal Oswal vs Fyers on research reports and tips provided by broker.
ICICIDirect | Motilal Oswal | Fyers | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare ICICIDirect vs Motilal Oswal vs Fyers on Demat Service and Charges. This section cover about demat charges, demat service and other details
ICICIDirect | Motilal Oswal | Fyers | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 14300 | 10900 | 432-2019 |
Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹400 pa | Free |
Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | NIL | Nil |
Statutory charges | Nil | Nil | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹7 + ₹5.50 (CDSL Charges) per transaction |
Demat | ₹50 per set up | ₹50 per certificate + ₹50 courier charges | ₹0 |
Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹0 |
Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | Nil |
Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | Nil |
Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | Nil |
Failed Instruction Charges | ₹30 per transaction | Nil | Nil |
Other Charges | Nil | Nil | Stamp Charges ₹50, |
Compare ICICIDirect vs Motilal Oswal vs Fyers on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
ICICIDirect | Motilal Oswal | Fyers | |
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Pay In and Pay Out Options | Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
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 Fyers Mobile, Fyers One and Fyers Web. Pay-out/Fund Withdrawal - Bank Transfer only |
Payout Time | Instant to ICICI Bank. | Max 24 hrs except bank holidays. | Up to 24 Hrs except for Bank Holidays. |
Bank Supported and Charges | Info Not Available | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | 24+ banks connected via payment gateway, Free pay in and Free Pay Out. |
Bank Detail | Direct from your ICICI bank account. | Info Not Available | Fyers Securities, Account Number:00090340002376 Bank and Branch: HDFC Bank,Kasturba Road, Bangalore Account Type: Current Account IFSC Code: HDFC0000009 |
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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;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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Special Offers/Promo | Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | |
Enquire for ICICIDirect | Enquire for Motilal Oswal | Enquire for Fyers |
Last Updated on 2023-09-14T04:34:26+00:00