Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Sharekhan ranges between 0.1 to 0.5%. All 3 brokers are full service brokers. Overall rating for ICICIDirect is 4, Motilal Oswal is rated 4, Sharekhan is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Motilal Oswal vs Sharekhan 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 Sharekhan 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 Sharekhan in this setion with 360 degree view of broker information.
 ICICIDirect |
 Motilal Oswal |
 Sharekhan |
|
|---|---|---|---|
| Overall Rating | |||
| Brokerage Charges | |||
| Trading Platform | |||
| Investments Offering | |||
| Customer Service | |||
| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| 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. | Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... |
| Broker Enquiry |
|
|
|
In this section we have compared ICICIDirect vs Motilal Oswal vs Sharekhan 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 Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account.
| Charges | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| 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] | Rs 400 PA (Free for 1st year)) |
| Provide DP Service |  |
|
|
Plans are the most important feature you look when compare ICICIDirect vs Motilal Oswal vs Sharekhan. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Sharekhan offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| Multiple Plans | |
 |
|
| Monthly Plans | |
|
|
| Yearly Plans | |
|
|
| Zerodha | Sharekhan | Zerodha | |
|---|---|---|---|
| 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.
Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.
| Brokerage Charges Compare | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| Plan Name | NEO Flat Discount Brokerage Plan | Default Brokerage Plan | Sharkehan Brokerage Plan |
| Equity Delivery | 0.55% | 0.20% | 0.30% |
| Equity Intraday | Flat Rs. 20 per order | 0.02% | 0.02% |
| Equity Futures | Free (Rs. 0 brokerage) | 0.02% | 0.02% |
| Equity Options | Flat Rs. 20 per order | Rs 20 per lot | Rs 20 per lot |
| Currency Futures | Flat Rs. 20 per order | Rs 20 per lot | 0.02% |
| Currency Options | Flat Rs. 20 per order | Rs 20 per lot | Rs 5 per lot |
| Commodity Trading | Flat Rs. 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Rs 20 per lot |
| Minimum Brokerage | Rs 35 per trade | Rs 20 | |
| Hidden Charges | Yes | No | |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | NA | Free |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | NA | Free |
| Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Sharekhan |
Compare ICICIDirect vs Motilal Oswal vs Sharekhan on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| 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 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for sharekhan |
Compare ICICIDirect vs Motilal Oswal vs Sharekhan 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 Sharekhan offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| 3 in 1 Account | |
|
|
| Charting | |
|
|
| Algo Trading | |
|
|
| SMS Alerts | |
|
|
| Online Demo | |
|
|
| Online Portfolio | |
|
|
| Margin Trading Funding Available | |
|
|
| Combined Ledger for Equity and Commodity | |
|
|
| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
| NRI Trading | |
|
|
| 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 Sharekhan. 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 | Sharekhan | ||
|---|---|---|---|---|
267 Customer Reviews
 |
57 Customer Reviews
|
184 Customer Reviews
|
||
| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| 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 | Sharekhan is Rated 3.6 / 5 based on 184 customer reviews |
Compare ICICIDirect vs Motilal Oswal vs Sharekhan 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 Sharekhan 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) - All 3 brokers offers PMS facility. You can invest in stocks/equity/bonds using PMS.
| Investment Offerings Compare | ICICIDirect | Motilal Oswal | Sharekhan |
|---|---|---|---|
| Equity Cash and F&O | |
|
|
| Currency Deravitives | |
|
|
| Commodity | |
|
|
| Online IPO Application | |
|
|
| Mutual Funds | |
|
|
| Bond / NCD | |
|
|
| ETF | |
|
|
| Banking | |
|
|
| Insurance | |
|
|
| Forex | |
|
|
| MF SIP Investment | |
|
|
| Equity SIP Investment | |
|
|
| PMS Service | |
|
|
| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare ICICIDirect vs Motilal Oswal vs Sharekhan 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 doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. 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 | Sharekhan |
|---|---|---|---|
| CNC order | |
|
|
| MIS order | |
|
|
| NRML order | |
|
|
| Cover order | |
|
|
| Bracket order | |
|
|
| AMO-After Market Orders | |
|
|
| GTC-Good Till Cancelled | |
|
|
Compare ICICIDirect vs Motilal Oswal vs Sharekhan 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 | Sharekhan |
|---|---|---|---|
| 24/7 Customer Service | |
|
|
| Email Support | |
|
|
| Onine Live Chat | |
|
|
| Phone Support | |
|
|
| Toll Free Number | |
|
|
| Through Branches | |
|
|
| Customer Care Number | 1860 123 1122 | 022 40548000/022 67490600 | 1800227500 |
| Account Opening Process | Online | Online/Paperless | Offline |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://edumo.motilaloswal.com/ | https://www.sharekhan.com/help/hello |
| 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 |
Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH- 400042 |
| Website | https://www.icicidirect.com | https://www.motilaloswal.com/ | https://www.sharekhan.com |
Compare ICICIDirect vs Motilal Oswal vs Sharekhan on research reports and tips provided by broker.
| ICICIDirect | Motilal Oswal | Sharekhan | |
|---|---|---|---|
| Research Mutual Funds | |
|
|
| Research Equity Reports | |
|
|
| Research ETF | |
|
|
| Daily Market Report | |
|
|
| Free Tips | |
|
|
| Quarterly Result Analysis | |
|
|
| News Alerts | |
|
|
Compare ICICIDirect vs Motilal Oswal vs Sharekhan on Demat Service and Charges. This section cover about demat charges, demat service and other details
| ICICIDirect | Motilal Oswal | Sharekhan | |
|---|---|---|---|
| DP Source | CDSL | CDSL | CDSL |
| DP ID | 14301 | 10900 | 36000 |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹400 pa | ₹500 pa |
| Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | NIL | Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) |
| Statutory charges | Nil | Nil | Actual Stamp Paper Charges |
| 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) | 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) |
| Demat | ₹50 per set up | ₹50 per certificate + ₹50 courier charges | ₹5 per certificate (Min 50 per request) |
| 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 | ₹50 per certificate or ₹50 for every hundred securities |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | 0.03% (Min ₹100) |
| 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 |
Compare ICICIDirect vs Motilal Oswal vs Sharekhan on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | Motilal Oswal | Sharekhan | |
|---|---|---|---|
| Pay In and Pay Out Options | |||
| Payout Time | |||
| Bank Supported and Charges | |||
| Bank Detail | |||
| 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;
|
|
| 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;
|
|
| 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 Sharekhan |
Last Updated on
