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The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of SAS Online ranges between Rs 9/order or 999 PM. The broker ICICIDirect and Motilal Oswal are full service brokers where SAS Online is a discount broker. Overall rating for ICICIDirect is 4, Motilal Oswal is rated 4, SAS Online is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Motilal Oswal vs SAS Online 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 SAS Online 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 SAS Online in this setion with 360 degree view of broker information.
 ICICIDirect |
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| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX |
| Broker Overview | ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...  |
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. | SAS Online is one of the popular discount brokers in India with the best pricing plans at flat Rs. 9/order or Rs. 999 unlimited monthly trading plan, and powerful Alpha trading platform with technical charting. |
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In this section we have compared ICICIDirect vs Motilal Oswal vs SAS Online on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Motilal Oswal offer Free account opening where SAS Online charges Equity: Rs 200 and Commodity: Rs 200 for account opeing. 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 SAS Online charges Rs 200 AMC for Demat account.
| Charges | ICICIDirect | Motilal Oswal | SAS Online |
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| Trading Account Opening Fees | Free | Free | Equity: Rs 200 and Commodity: Rs 200 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Rs 200 |
| Demat AMC | Rs 300 per annum | Rs 400 per annum [Free for 1st year] | Rs 200 |
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Plans are the most important feature you look when compare ICICIDirect vs Motilal Oswal vs SAS Online. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and SAS Online offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - SAS Online offers Monthy Plans where ICICIDirect and Motilal Oswal doesn't offer.
| Plan Types | ICICIDirect | Motilal Oswal | SAS Online |
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| Zerodha | Zerodha | Zerodha | |
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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.
SAS Online Brokerage Plan detail - Rs 9 Per executable plan is good for all types of investors. For Equity intraday 0.01% or Rs 9 whichever is lower and for delivery 0.1% or Rs 9 whichever is lower.
| Brokerage Charges Compare | ICICIDirect | Motilal Oswal | SAS Online |
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| Plan Name | NEO Flat Discount Brokerage Plan | Default Brokerage Plan | Max Rs 9 Per Order Trading Plan |
| Equity Delivery | 0.55% | 0.20% | 0.1% or Rs 9 whichever is lower |
| Equity Intraday | Flat Rs. 20 per order | 0.02% | 0.01% or Rs 9 whichever is lower |
| Equity Futures | Free (Rs. 0 brokerage) | 0.02% | 0.01% or Rs 9 whichever is lower |
| Equity Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 9 |
| Currency Futures | Flat Rs. 20 per order | Rs 20 per lot | 0.01% or Rs 9 whichever is lower |
| Currency Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 9 |
| Commodity Trading | Flat Rs. 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 9 |
| Minimum Brokerage | Rs 35 per trade | NIL | |
| Hidden Charges | Yes | No | |
| Funding | Yes - 18% interest PA | Yes - 18% interest PA | Yes - 18% interest PA |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 20 per executed Order |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 20 per executed Order |
| Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for SAS Online |
Compare ICICIDirect vs Motilal Oswal vs SAS Online on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | Motilal Oswal | SAS Online |
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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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for sasonline |
Compare ICICIDirect vs Motilal Oswal vs SAS Online 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 SAS Online offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Motilal Oswal offers margin funding where SAS Online doesn't offers margin funding. NRI Trading - ICICIDirect and Motilal Oswal offers NRI Trading where SAS Online doesn't offers NRI Trading.
| Account Features Compare | ICICIDirect | Motilal Oswal | SAS Online |
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| 3 in 1 Account | |
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| Algo Trading | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Motilal Oswal vs SAS Online. 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.
| ICICIDirect | Motilal Oswal | SAS Online | ||
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267 Customer Reviews
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57 Customer Reviews
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13 Customer Reviews
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| Broker Rating | ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | SAS Online is Rated 4.5 / 5 based on 13 customer reviews |
Compare ICICIDirect vs Motilal Oswal vs SAS Online 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 SAS Online 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 SAS Online doesn't offers PMS facility.
| Investment Offerings Compare | ICICIDirect | Motilal Oswal | SAS Online |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare ICICIDirect vs Motilal Oswal vs SAS Online 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 SAS Online 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 - ICICIDirect and Motilal Oswal offers Good Till Cancelled (GTC) orders facility where SAS Online doesn't provides GTC.
| Order Type Compare | ICICIDirect | Motilal Oswal | SAS Online |
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Compare ICICIDirect vs Motilal Oswal vs SAS Online 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 | SAS Online |
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| 24/7 Customer Service | |
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| Customer Care Number | 1860 123 1122 | 022 40548000/022 67490600 | 011- 4040 99 00 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected]/[email protected] |
| Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://edumo.motilaloswal.com/ | https://www.sasonline.in/market-pulse |
| 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 |
SAS Online, 3rd Floor,Building No. 5, Local Shopping Complex, Rishabh Vihar East Delhi - 110092 |
| Website | https://www.icicidirect.com | https://www.motilaloswal.com/ | https://sasonline.in |
Compare ICICIDirect vs Motilal Oswal vs SAS Online on research reports and tips provided by broker.
| ICICIDirect | Motilal Oswal | SAS Online | |
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| Research Equity Reports | |
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| Research ETF | |
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Compare ICICIDirect vs Motilal Oswal vs SAS Online on Demat Service and Charges. This section cover about demat charges, demat service and other details
| ICICIDirect | Motilal Oswal | SAS Online | |
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| DP Source | CDSL | CDSL | NSDL |
| DP ID | 14300 | 10900 | IN-DP-474- |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹400 pa | ₹200 |
| 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) | ₹9 + NSDL Charges |
| Demat | ₹50 per set up | ₹50 per certificate + ₹50 courier charges | ₹2 per certificate + ₹35 courier charges |
| 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 | 0.05% of transaction value or ₹25 whichever is higher + CDSL charges |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | ₹15 per transaction |
| 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 | ₹50 per instraction |
| Failed Instruction Charges | ₹30 per transaction | Nil | ₹30 |
| Other Charges | Nil | Nil | Nil |
Compare ICICIDirect vs Motilal Oswal vs SAS Online on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | Motilal Oswal | SAS Online | |
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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, Netbanking/Payment Gateway from ALPHA Web, Mobile App or Desktop Platform. Pay-out/Fund Withdrawal - Primary Bank Transfer only. |
| Payout Time | Instant to ICICI Bank. | Max 24 hrs except bank holidays. | Up to 24 Hrs except 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. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alpha Platform. |
| Bank Detail | Direct from your ICICI bank account. | Info Not Available | South Asian Stocks Ltd., Account Number:SASONL37242 Bank and Branch: G-3-4, Suryakiran Building, 19 , Kasturba Gandhi Marg, New Delhi-110001 Account Type: Current Account IFSC Code:HDFC0000003 |
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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) | Get up to 20% on referral bonus, free trading tools. |
| Enquire for ICICIDirect | Enquire for Motilal Oswal | Enquire for SAS Online |
Last Updated on 2023-09-14T04:34:26+00:00
