FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Groww ranges between Rs 20, while the brokerage of ProStocks ranges between Rs 15. The broker Groww and ProStocks are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, Groww is rated 4, ProStocks is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Groww 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 Groww 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 Groww vs ProStocks in this setion with 360 degree view of broker information.
In this section we have compared Motilal Oswal vs Groww 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, Groww charges Free AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
Charges | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
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] | Free | Rs 0 (Rs 1000 Refundable Deposit) |
Provide DP Service | ![]() |
![]() |
![]() |
Plans are the most important feature you look when compare Motilal Oswal vs Groww vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks offers Multiple Plans where Motilal Oswal and Groww doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and Groww doesn't offer.
Plan Types | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
Multiple Plans | ![]() |
![]() |
![]() |
Monthly Plans | ![]() |
![]() |
![]() |
Yearly Plans | ![]() |
![]() |
![]() |
Zerodha | Zerodha | ProStocks | |
---|---|---|---|
Account Opening Request |
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
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 | Groww | ProStocks |
---|---|---|---|
Plan Name | Default Brokerage Plan | Flat Brokerage Plan | Flat Fee Rs 15 Trading Plan |
Equity Delivery | 0.20% | 0.05% or Rs 20 whichever is lower | Free |
Equity Intraday | 0.02% | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 |
Equity Futures | 0.02% | Flat Fee Rs 20 | Flat Fee Rs 15 |
Equity Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Fee Rs 15 |
Currency Futures | Rs 20 per lot | Not Available | Flat Fee Rs 15 |
Currency Options | Rs 20 per lot | Not Available | Flat Fee Rs 15 |
Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Not Available | NA |
Minimum Brokerage | NA | ||
Hidden Charges | No | Info Not Available | |
Funding | Yes - 18% interest PA | Info Not Available | No |
Call & Trade Charges | NA | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
Auto Square off Charges | NA | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Groww | Brokerage Calculator for ProStocks |
Compare Motilal Oswal vs Groww vs ProStocks on transaction charges and PCM fee by segment.
Transaction Charges Compare | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
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 | NA |
Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for groww | Complete Brokerage Plans for prostocks |
Compare Motilal Oswal vs Groww 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 and Groww offers margin funding where ProStocks doesn't offers margin funding. NRI Trading - Motilal Oswal and ProStocks offers NRI Trading where Groww doesn't offers NRI Trading.
Account Features Compare | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
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 | 3:10 PM | 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 Motilal Oswal vs Groww 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 | Groww | ProStocks |
---|---|---|---|
Desktop Trading Platform | Orion Lite | Groww App | Star ProStocks |
Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
Desktop Platform (Windows) | ![]() |
![]() |
![]() |
Desktop Platform (Mac) | ![]() |
![]() |
![]() |
Web Trading Platform | ![]() |
![]() |
![]() |
Web Trading Detail |
https://power.motilaloswal.com/MOSL/userMaster/login |
Yes |
https://www.prostocksweb.com/ |
Web Trading Demo | Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ![]() |
![]() |
![]() |
Mobile Trading | ![]() |
![]() |
![]() |
Mobile Trading App | MO Trader | Groww App | Star ProStocks |
Mobile Trading App Demo | MO Trader Demo | Info Not Available | Info Not Available |
Android Mobile App | ![]() |
![]() |
![]() |
Android App Download | Andriod MO Trader Download | Andriod Groww App Download | Andriod Download |
iPhone Mobile App (IOS) | ![]() |
![]() |
![]() |
iOS App Download | iOS MO Trader Download | iOS Groww App Download | iOS Star ProStocks Download |
Android Tablet App | ![]() |
![]() |
![]() |
iPad App (IOS) | ![]() |
![]() |
![]() |
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 Groww | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for ProStocks |
Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Groww | Options Brokerage Calculator for ProStocks |
Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for groww | Detail on Trading Platforms for prostocks |
Compare Motilal Oswal vs Groww 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 offers Commodity Trading where Groww and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Groww offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where Groww and ProStocks doesn't offers PMS facility.
Investment Offerings Compare | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
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 Motilal Oswal vs Groww 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) - Motilal Oswal and ProStocks provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Motilal Oswal and ProStocks provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Motilal Oswal and ProStocks AMO facility where Groww doesn't provides AMO. GTC Orders - Motilal Oswal and ProStocks offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.
Order Type Compare | Motilal Oswal | Groww | ProStocks |
---|---|---|---|
CNC order | ![]() |
![]() |
![]() |
MIS order | ![]() |
![]() |
![]() |
NRML order | ![]() |
![]() |
![]() |
Cover order | ![]() |
![]() |
![]() |
Bracket order | ![]() |
![]() |
![]() |
AMO-After Market Orders | ![]() |
![]() |
![]() |
GTC-Good Till Cancelled | ![]() |
![]() |
![]() |
Compare Motilal Oswal vs Groww 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 | Groww | ProStocks |
---|---|---|---|
24/7 Customer Service | ![]() |
![]() |
![]() |
Email Support | ![]() |
![]() |
![]() |
Onine Live Chat | ![]() |
![]() |
![]() |
Phone Support | ![]() |
![]() |
![]() |
Toll Free Number | ![]() |
![]() |
![]() |
Through Branches | ![]() |
![]() |
![]() |
Customer Care Number | 022 40548000/022 67490600 | 9108800604 | +91-2262-434343 |
Account Opening Process | Online/Paperless | Online | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://groww.in/academy | https://www.prostocks.com/faq.html |
Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
Website | https://www.motilaloswal.com/ | https://groww.in/ | https://www.prostocks.com |
Compare Motilal Oswal vs Groww vs ProStocks on research reports and tips provided by broker.
Motilal Oswal | Groww | ProStocks | |
---|---|---|---|
Research Mutual Funds | ![]() |
![]() |
![]() |
Research Equity Reports | ![]() |
![]() |
![]() |
Research ETF | ![]() |
![]() |
![]() |
Daily Market Report | ![]() |
![]() |
![]() |
Free Tips | ![]() |
![]() |
![]() |
Quarterly Result Analysis | ![]() |
![]() |
![]() |
News Alerts | ![]() |
![]() |
![]() |
Compare Motilal Oswal vs Groww vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details
Motilal Oswal | Groww | ProStocks | |
---|---|---|---|
DP Source | CDSL | CDSL | CDSL |
DP ID | 10900 | No | 83200 |
Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Zero | Free (₹1000 Refundable Deposit) |
Advance Deposit | NIL | Nil | 1000/- Refundable Deposit against charges |
Statutory charges | Nil | Legal Charges | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹8 + ₹5.50 CDSL charges | ₹20 per ISIN |
Demat | ₹50 per certificate + ₹50 courier charges | ₹150 per certificate + 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 | ₹150 per certificate + courier charges | ₹50 per set up + ₹50 courier charges |
Pledge Creation | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
Pledge Creation Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
Pledge Closure | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
Pledge Closure Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
Pledge Invocation | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
Failed Instruction Charges | Nil | ₹50 | ₹50 per transaction |
Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Groww vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
Motilal Oswal | Groww | ProStocks | |
---|---|---|---|
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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww 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. | Max 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 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. |
Bank Detail | Info Not Available | Info Not Available | SUNLIGHT BROKING LLP, Account Number:00600340080912 Bank and Branch: HDFC BANK, FORT Account Type: Current Account IFSC Code: HDFC0000060 |
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 | 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 Groww | Enquire for ProStocks |
Last Updated on 2023-09-14T05:03:12+00:00