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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of ProStocks ranges between Rs 15. The broker Alice Blue and ProStocks are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, Alice Blue is rated 4, ProStocks is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Alice Blue vs ProStocks stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs Alice Blue vs ProStocks 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 Motilal Oswal vs Alice Blue vs ProStocks in this setion with 360 degree view of broker information.
 Motilal Oswal |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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. | Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. | 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...  |
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In this section we have compared Motilal Oswal vs Alice Blue vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
| Charges | Motilal Oswal | Alice Blue | ProStocks |
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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 400 per annum [Free for 1st year] | Rs 400 PA | Rs 0 (Rs 1000 Refundable Deposit) |
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Plans are the most important feature you look when compare Motilal Oswal vs Alice Blue vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue and ProStocks offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and Alice Blue doesn't offer.
| Plan Types | Motilal Oswal | Alice Blue | ProStocks |
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| Zerodha | Alice Blue | ProStocks | |
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Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
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 | Alice Blue | ProStocks |
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| Plan Name | Default Brokerage Plan | F15 Plan | Flat Fee Rs 15 Trading Plan |
| Equity Delivery | 0.20% | Free | Free |
| Equity Intraday | 0.02% | 0.05% or Rs 15 whichever is lower | Flat Fee Rs 15 |
| Equity Futures | 0.02% | 0.05% or Rs 15 whichever is lower | Flat Fee Rs 15 |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | 0.05% or Rs 15 whichever is lower | Flat Fee Rs 15 |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 | NA |
| Minimum Brokerage | NA | NA | |
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | Yes - 24% interest PA | No |
| Call & Trade Charges | NA | Rs 50 per order + GST | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Auto Square off Charges | NA | Rs 50 per order + GST | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Alice Blue | Brokerage Calculator for ProStocks |
Compare Motilal Oswal vs Alice Blue vs ProStocks on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Alice Blue | ProStocks |
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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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for alice-blue | Complete Brokerage Plans for prostocks |
Compare Motilal Oswal vs Alice Blue vs ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal offers margin funding where Alice Blue and ProStocks doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | Alice Blue | ProStocks |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:15PM |
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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 Motilal Oswal vs Alice Blue vs ProStocks. 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.
| Trading Platform Compare | Motilal Oswal | Alice Blue | ProStocks |
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| Desktop Trading Platform | Orion Lite | ANT - Analyse and Trade | Star ProStocks |
| Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
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https://power.motilaloswal.com/MOSL/userMaster/login |
https://www.prostocksweb.com/ |
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| Web Trading Demo | Web Trading Demo | Info Not Available | Info Not Available |
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| Mobile Trading App | MO Trader | ANT Mobile | Star ProStocks |
| Mobile Trading App Demo | MO Trader Demo | ANT Mobile Demo | Info Not Available |
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| Android App Download | Andriod MO Trader Download | Andriod ANT Mobile Download | Andriod Download |
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| iOS App Download | iOS MO Trader Download | iOS ANT Mobile Download | iOS Star ProStocks Download |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for Alice Blue | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Alice Blue | Futures Brokerage Calculator for ProStocks |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Alice Blue | Options Brokerage Calculator for ProStocks |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for alice-blue | Detail on Trading Platforms for prostocks |
| Motilal Oswal | Alice Blue | ProStocks | ||
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57 Customer Reviews
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8 Customer Reviews
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4 Customer Reviews
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| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews | ProStocks is Rated 4.5 / 5 based on 4 customer reviews |
Compare Motilal Oswal vs Alice Blue vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal and Alice Blue offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Alice Blue offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where Alice Blue and ProStocks doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Alice Blue | ProStocks |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Alice Blue vs ProStocks 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) - All 3 brokers offers provides Bracket Orders (BO) facility. You can trade in equity and index derivatives using Bracket Orders. Bracket Orders (BO) is placed an compulsory stop loss and this is a intraday position. With Bracket order broker give you additional margin, as this order are placed with compulsory SL. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Motilal Oswal and ProStocks offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.
| Order Type Compare | Motilal Oswal | Alice Blue | ProStocks |
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Compare Motilal Oswal vs Alice Blue vs ProStocks 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 | Motilal Oswal | Alice Blue | ProStocks |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | 08035215000/080-45490850 | +91-2262-434343 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://tradeschool.aliceblueonline.com/ | https://www.prostocks.com/faq.html |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
| Website | https://www.motilaloswal.com/ | https://www.aliceblueonline.com | https://www.prostocks.com |
Compare Motilal Oswal vs Alice Blue vs ProStocks on research reports and tips provided by broker.
| Motilal Oswal | Alice Blue | ProStocks | |
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Compare Motilal Oswal vs Alice Blue vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Alice Blue | ProStocks | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 83500 | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹400 pa | Free (₹1000 Refundable Deposit) |
| Advance Deposit | NIL | Rs 0 | 1000/- Refundable Deposit against charges |
| Statutory charges | Nil | Rs 150 Stamp Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% of the value of the transaction | ₹20 per ISIN |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹10 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 | ₹30 per certificate + CDSL charges | ₹50 per set up + ₹50 courier charges |
| Pledge Creation | ₹35 | ₹20 + CDSL charges | ₹50 |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | ₹35 | ₹20 + CDSL charges | ₹50 |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | ₹35 | ₹20 + CDSL charges | ₹50 |
| Failed Instruction Charges | Nil | Nil | ₹50 per transaction |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Alice Blue vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Alice Blue | ProStocks | |
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| 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 Alice Blue Mobile, ANT Desk and ANY Web application. 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 | Max 24 hrs except bank holidays. | Upto 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue 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 | Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
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;
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| 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;
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| 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. | |
| Enquire for Motilal Oswal | Enquire for Alice Blue | Enquire for ProStocks |
Last Updated on 2023-09-14T05:03:12+00:00
