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Motilal Oswal Vs Fyers Vs AxisDirect: Which one is better?

The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Fyers ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Motilal Oswal and AxisDirect are full service brokers where Fyers is a discount broker. Overall rating for Motilal Oswal is 4, Fyers is rated 4, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of Motilal Oswal vs Fyers vs AxisDirect 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 Fyers vs AxisDirect 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 Fyers vs AxisDirect in this setion with 360 degree view of broker information.

Compare Motilal Oswal vs Fyers vs AxisDirect on Service

  Motilal Oswal Compare
Motilal Oswal
Fyers Compare
Fyers
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Full Service Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX 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. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Fyers Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs Fyers vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared Motilal Oswal vs Fyers vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Fyers offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Fyers charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal vs Fyers vs AxisDirect
Charges Motilal Oswal Fyers AxisDirect
Trading Account Opening Fees Free Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Fyers vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Motilal Oswal vs Fyers vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect offers Multiple Plans where Motilal Oswal and Fyers doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Motilal Oswal vs Fyers vs AxisDirect on Plan Options
Plan Types Motilal Oswal Fyers AxisDirect
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Fyers Zerodha
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs Fyers vs AxisDirecton 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.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Motilal Oswal vs Fyers vs AxisDirect
Brokerage Charges Compare Motilal Oswal Fyers AxisDirect
Plan Name Default Brokerage Plan Max Rs 20 Per Order Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.20% Free 0.50% (Each leg)
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.02% 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Options Rs 20 per lot Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 20 per lot 0.03% or Rs 20 whichever is lower 0.05% (Each Leg)
Currency Options Rs 20 per lot Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 20 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage
Hidden Charges No No
Funding Yes - 18% interest PA No Yes - 18% interest PA
Call & Trade Charges NA Rs 50 Per Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges NA Rs 50 Per Order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Fyers Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Fyers vs AxisDirect on Transaction Charges

Compare Motilal Oswal vs Fyers vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal vs Fyers vs AxisDirect
Transaction Charges Compare Motilal Oswal Fyers AxisDirect
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 NA
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for fyers Complete Brokerage Plans for axisdirect
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Account Features

Compare Motilal Oswal vs Fyers vs AxisDirect on Account Features

Compare Motilal Oswal vs Fyers vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 Account where Motilal Oswal and Fyers offers only 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal and AxisDirect offers margin funding where Fyers doesn't offers margin funding. NRI Trading - Motilal Oswal and AxisDirect offers NRI Trading where Fyers doesn't offers NRI Trading.

Account Features - Motilal Oswal vs Fyers vs AxisDirect
Account Features Compare Motilal Oswal Fyers AxisDirect
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes No Yes
Online Demo Yes Yes Yes
Online Portfolio Yes No Yes
Margin Trading Funding Available Yes No Yes
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM 2:45 PM
NRI Trading Yes No Yes
Other Features NIL Fyers 30 Day Challenge NIL
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Trading Platform

Compare Motilal Oswal vs Fyers vs AxisDirecton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Fyers vs AxisDirect. 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 vs Fyers vs AxisDirect
Trading Platform Compare Motilal Oswal Fyers AxisDirect
Desktop Trading Platform Orion Lite Fyers One Ring
Desktop Demo Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://power.motilaloswal.com/MOSL/userMaster/login

Fyers Web

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App MO Trader Fyers 2.0 Mobile App AxisDirect Ring Mobile App
Mobile Trading App Demo MO Trader Demo Fyers 2.0 Mobile App Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod MO Trader Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS MO Trader Download iOS Fyers 2.0 Mobile App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Fyers Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for fyers Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Motilal Oswal vs Fyers vs AxisDirect on User Rating

  Motilal Oswal Fyers AxisDirect
  57 Customer Reviews    Rate Motilal Oswal 10 Customer Reviews    Rate Fyers 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Fyers vs AxisDirect on Investment Offerings

Compare Motilal Oswal vs Fyers vs AxisDirect 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 - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where Fyers and AxisDirect doesn't offers PMS facility.

Investment Offerings - Compare Motilal Oswal vs Fyers vs AxisDirect
Investment Offerings Compare Motilal Oswal Fyers AxisDirect
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application No Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes No Yes
ETF Yes Yes Yes
Banking No No Yes
Insurance Yes No Yes
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment No No Yes
PMS Service Yes No No
Other Investment Options NIL NIL NIL
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Order Types

Compare Motilal Oswal vs Fyers vs AxisDirect on Order Types

Order Type - Compare Motilal Oswal vs Fyers vs AxisDirect 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 AxisDirect 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 Types - Compare Motilal Oswal vs Fyers vs AxisDirect
Order Type Compare Motilal Oswal Fyers AxisDirect
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order Yes Yes No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs Fyers vs AxisDirect on Customer Service

Compare Motilal Oswal vs Fyers vs AxisDirect 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 Support - Compare Motilal Oswal vs Fyers vs AxisDirect
Customer Service Compare Motilal Oswal Fyers AxisDirect
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No No Yes
Through Branches Yes No Yes
Customer Care Number 022 40548000/022 67490600 08060001111 022-61480808
Account Opening Process Online/Paperless 100% online and paperless proc Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://edumo.motilaloswal.com/ https://fyers.in/school-of-stocks/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://www.motilaloswal.com/ https://fyers.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Motilal Oswal vs Fyers vs AxisDirect on Research Reports, Tips

Compare Motilal Oswal vs Fyers vs AxisDirect on research reports and tips provided by broker.

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

Compare Motilal Oswal vs Fyers vs AxisDirect on Demat Account

Compare Motilal Oswal vs Fyers vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal vs Fyers vs AxisDirect
  Motilal Oswal Fyers AxisDirect
DP Source CDSL CDSL CDSL
DP ID 10900 432-2019 49200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free ₹500 pa
Advance Deposit NIL Nil Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹10
Demat ₹50 per certificate + ₹50 courier charges ₹0 ₹3 per certificate
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹0 ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹35 Nil ₹25
Pledge Creation Confirmation Nil Nil ₹25
Pledge Closure ₹35 Nil ₹25
Pledge Closure Confirmation Nil Nil ₹25
Pledge Invocation ₹35 Nil Nil
Failed Instruction Charges Nil Nil Nil
Other Charges Nil Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Fyers vs AxisDirect on Special Offers and Promotion

Compare Motilal Oswal vs Fyers vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs Fyers vs AxisDirect on Special Offers and Promotion
  Motilal Oswal Fyers AxisDirect
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 Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Max 24 hrs except bank holidays. Up to 24 Hrs except for Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges 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. NA
Bank Detail Info Not Available Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Direct from your Axis bank account.
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...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

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) Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for Motilal Oswal Enquire for Fyers Enquire for AxisDirect

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