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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of HDFC Sky ranges between Rs 20, while the brokerage of Alice Blue ranges between Rs 15. The broker HDFC Sky and Alice Blue are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, HDFC Sky is rated 4, Alice Blue is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs HDFC Sky vs Alice Blue 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 HDFC Sky vs Alice Blue 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 HDFC Sky vs Alice Blue in this setion with 360 degree view of broker information.
 Motilal Oswal |
 HDFC Sky |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| 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. | HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... |
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. |
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In this section we have compared Motilal Oswal vs HDFC Sky vs Alice Blue 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, HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.
| Charges | Motilal Oswal | HDFC Sky | Alice Blue |
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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 240 PA (Free for 1st year) | Rs 400 PA |
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Plans are the most important feature you look when compare Motilal Oswal vs HDFC Sky vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue offers Multiple Plans where Motilal Oswal and HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | HDFC Sky | Alice Blue |
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| Zerodha | Zerodha | Alice Blue | |
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| 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.
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across 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.
| Brokerage Charges Compare | Motilal Oswal | HDFC Sky | Alice Blue |
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| Plan Name | Default Brokerage Plan | Fixed pricing model | F15 Plan |
| Equity Delivery | 0.20% | 0.1% or Rs 20 whichever is lower | Free |
| Equity Intraday | 0.02% | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Equity Futures | 0.02% | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Equity Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Currency Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | Yes - 12% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | NA | Rs 20 per call | Rs 50 per order + GST |
| Auto Square off Charges | NA | 0.1% or Rs 20 whichever is lower | Rs 50 per order + GST |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Alice Blue |
Compare Motilal Oswal vs HDFC Sky vs Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | HDFC Sky | Alice Blue |
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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 | NA | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for alice-blue |
Compare Motilal Oswal vs HDFC Sky vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 Account where Motilal Oswal and Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal and HDFC Sky offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | HDFC Sky | Alice Blue |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
| 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 Motilal Oswal vs HDFC Sky vs Alice Blue. 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.
| Motilal Oswal | HDFC Sky | Alice Blue | ||
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57 Customer Reviews
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97 Customer Reviews
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8 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews |
Compare Motilal Oswal vs HDFC Sky vs Alice Blue 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 HDFC Sky and Alice Blue doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | HDFC Sky | Alice Blue |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Motilal Oswal vs HDFC Sky vs Alice Blue 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) - Motilal Oswal and Alice Blue AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - Motilal Oswal and HDFC Sky offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.
| Order Type Compare | Motilal Oswal | HDFC Sky | Alice Blue |
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Compare Motilal Oswal vs HDFC Sky vs Alice Blue 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 | HDFC Sky | Alice Blue |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | 1800 121 2109 | 08035215000/080-45490850 |
| 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://hdfcsky.com/learn | https://tradeschool.aliceblueonline.com/ |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website | https://www.motilaloswal.com/ | https://hdfcsky.com/ | https://www.aliceblueonline.com |
Compare Motilal Oswal vs HDFC Sky vs Alice Blue on research reports and tips provided by broker.
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Compare Motilal Oswal vs HDFC Sky vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | HDFC Sky | Alice Blue | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | CDSL: 1209 | 83500 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹750 pa | ₹400 pa |
| Advance Deposit | NIL | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | Rs 0 |
| Statutory charges | Nil | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹20) + CDSL charges | 0.04% of the value of the transaction |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹5 per certificate + ₹35 request charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹30 | ₹30 per certificate + CDSL charges |
| Pledge Creation | ₹35 | Nil | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Closure | ₹35 | Nil | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Invocation | ₹35 | 0.04% of transaction value (Min ₹40) | ₹20 + CDSL charges |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs HDFC Sky vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | HDFC Sky | Alice Blue | |
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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 from HDFC Bank. 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 |
| Payout Time | Max 24 hrs except bank holidays. | Instant to HDFC Bank. | 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. | Info Not Available | Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. |
| Bank Detail | Info Not Available | Direct from your HDFC bank account. | Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
| 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;
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Want to know why to trade with HDFC Sky, here are the promising reasons;
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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) | ||
| Enquire for Motilal Oswal | Enquire for HDFC Sky | Enquire for Alice Blue |
Last Updated on 2023-09-14T05:03:12+00:00
