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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Nuvama Wealth ranges between Rs 10, while the brokerage of ProStocks ranges between Rs 15. The broker Nuvama Wealth and ProStocks are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, Nuvama Wealth is rated 3.5, ProStocks is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth vs ProStocks in this setion with 360 degree view of broker information.
 Motilal Oswal |
 Nuvama Wealth |
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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. | One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... |
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 Nuvama Wealth 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, Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
| Charges | Motilal Oswal | Nuvama Wealth | 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] | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 0 (Rs 1000 Refundable Deposit) |
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Plans are the most important feature you look when compare Motilal Oswal vs Nuvama Wealth vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and ProStocks offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and Nuvama Wealth doesn't offer.
| Plan Types | Motilal Oswal | Nuvama Wealth | ProStocks |
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| Zerodha | Nuvama Wealth | ProStocks | |
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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.
Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this 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 | Nuvama Wealth | ProStocks |
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| Plan Name | Default Brokerage Plan | Nuvama Lite | Flat Fee Rs 15 Trading Plan |
| Equity Delivery | 0.20% | Flat Rs. 10 per executed order | Free |
| Equity Intraday | 0.02% | Flat Rs. 10 per executed order | Flat Fee Rs 15 |
| Equity Futures | 0.02% | Flat Rs. 10 per executed order | Flat Fee Rs 15 |
| Equity Options | Rs 20 per lot | Flat Rs. 10 per executed order | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | Flat Rs. 10 per executed order | Flat Fee Rs 15 |
| Currency Options | Rs 20 per lot | Flat Rs. 10 per executed order | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | 0.01% | NA |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes - 18% interest PA | Yes - 24% interest PA | No |
| Call & Trade Charges | NA | Rs 20 per call | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Auto Square off Charges | NA | Rs 20 | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for ProStocks |
Compare Motilal Oswal vs Nuvama Wealth vs ProStocks on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Nuvama Wealth | 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 260 Per Cr | Agri: Rs 175 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for prostocks |
Compare Motilal Oswal vs Nuvama Wealth 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 Nuvama Wealth offers margin funding where ProStocks doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | Nuvama Wealth | ProStocks |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
| 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 Nuvama Wealth 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 | Nuvama Wealth | ProStocks |
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| Desktop Trading Platform | Orion Lite | Xtreme Trader | Star ProStocks |
| Desktop Demo | Desktop Demo | Desktop Demo | Info Not Available |
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https://power.motilaloswal.com/MOSL/userMaster/login |
https://tlounge.edelweiss.in/Login |
https://www.prostocksweb.com/ |
| Web Trading Demo | Web Trading Demo | Info Not Available | Info Not Available |
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| Mobile Trading App | MO Trader | Nuvama Mobile Trader | Star ProStocks |
| Mobile Trading App Demo | MO Trader Demo | Nuvama Mobile Trader Demo | Info Not Available |
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| Android App Download | Andriod MO Trader Download | Andriod Nuvama Mobile Trader Download | Andriod Download |
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| iOS App Download | iOS MO Trader Download | iOS Nuvama Mobile Trader 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 Nuvama Wealth | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Nuvama Wealth | Futures Brokerage Calculator for ProStocks |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Nuvama Wealth | Options Brokerage Calculator for ProStocks |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for nuvama-wealth | Detail on Trading Platforms for prostocks |
| Motilal Oswal | Nuvama Wealth | ProStocks | ||
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57 Customer Reviews
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4 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 | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews | ProStocks is Rated 4.5 / 5 based on 4 customer reviews |
Compare Motilal Oswal vs Nuvama Wealth 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 Nuvama Wealth offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Nuvama Wealth offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Nuvama Wealth offers PMS facility where ProStocks doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Nuvama Wealth | ProStocks |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Nuvama Wealth 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) - Motilal Oswal and ProStocks provides Bracket Orders (BO) facility where Nuvama Wealth 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 - Motilal Oswal and ProStocks offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | Motilal Oswal | Nuvama Wealth | ProStocks |
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Compare Motilal Oswal vs Nuvama Wealth 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 | Nuvama Wealth | ProStocks |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | 1800 102 3335 | +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://www.nuvamawealth.com/investology | https://www.prostocks.com/faq.html |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
| Website | https://www.motilaloswal.com/ | https://www.nuvamawealth.com/ | https://www.prostocks.com |
Compare Motilal Oswal vs Nuvama Wealth vs ProStocks on research reports and tips provided by broker.
| Motilal Oswal | Nuvama Wealth | ProStocks | |
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Compare Motilal Oswal vs Nuvama Wealth vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Nuvama Wealth | ProStocks | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 19100 | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free (₹1500 one time charges) | Free (₹1000 Refundable Deposit) |
| Advance Deposit | NIL | NIL | 1000/- Refundable Deposit against charges |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹20 per ISIN |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹2 per certificate + ₹30 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 | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹50 per set up + ₹50 courier charges |
| Pledge Creation | ₹35 | 0.02% of transaction value (Min ₹50) | ₹50 |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | ₹35 | 0.02% of transaction value (Min ₹50) | ₹50 |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | ₹35 | 0.02% of transaction value (Min ₹50) | ₹50 |
| Failed Instruction Charges | Nil | Nil | ₹50 per transaction |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Nuvama Wealth vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Nuvama Wealth | 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 Terminal X3,Nuvama Web,Mobile Trader. 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. | Info Not Available | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. |
| Bank Detail | Info Not Available | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
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;
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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 Nuvama Wealth | Enquire for ProStocks |
Last Updated on 2023-09-14T05:03:12+00:00
