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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of ProStocks ranges between Rs 15, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Motilal Oswal and AxisDirect are full service brokers where ProStocks is a discount broker. Overall rating for Motilal Oswal is 4, ProStocks is rated 4, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs ProStocks 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 ProStocks 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 ProStocks vs AxisDirect in this setion with 360 degree view of broker information.
 Motilal Oswal |
 ProStocks |
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| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE | 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. | 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... |
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... |
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In this section we have compared Motilal Oswal vs ProStocks vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and ProStocks 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, ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | Motilal Oswal | ProStocks | AxisDirect |
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| 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] | Rs 0 (Rs 1000 Refundable Deposit) | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare Motilal Oswal vs ProStocks vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks and AxisDirect offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and AxisDirect doesn't offer.
| Plan Types | Motilal Oswal | ProStocks | AxisDirect |
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| Zerodha | ProStocks | Zerodha | |
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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.
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.
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 | ProStocks | AxisDirect |
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| Plan Name | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.20% | Free | 0.50% (Each leg) |
| Equity Intraday | 0.02% | Flat Fee Rs 15 | 0.05% (Each leg) |
| Equity Futures | 0.02% | Flat Fee Rs 15 | 0.05% (Each leg) |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Rs 20 per lot | Flat Fee Rs 15 | 0.05% (Each Leg) |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | NA | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | No | Yes - 18% interest PA |
| Call & Trade Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for ProStocks | Brokerage Calculator for AxisDirect |
Compare Motilal Oswal vs ProStocks vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | ProStocks | 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 prostocks | Complete Brokerage Plans for axisdirect |
Compare Motilal Oswal vs ProStocks 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 ProStocks offers only 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal and AxisDirect offers margin funding where ProStocks doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | ProStocks | AxisDirect |
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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 | 2:45 PM |
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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 ProStocks 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 | ProStocks | AxisDirect |
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| Desktop Trading Platform | Orion Lite | Star ProStocks | Ring |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
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| Web Trading Platform | |
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https://power.motilaloswal.com/MOSL/userMaster/login |
https://www.prostocksweb.com/ |
https://login.axisdirect.in/ |
| Web Trading Demo | Web Trading Demo | Info Not Available | Web Trading Demo |
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| Mobile Trading App | MO Trader | Star ProStocks | AxisDirect Ring Mobile App |
| Mobile Trading App Demo | MO Trader Demo | Info Not Available | AxisDirect Ring Mobile App Demo |
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| Android App Download | Andriod MO Trader Download | Andriod Star ProStocks Download | Andriod Download |
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| iOS App Download | iOS MO Trader Download | iOS Star ProStocks Download | iOS AxisDirect Ring Mobile App Download |
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| 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 ProStocks | Equity Intraday and Delivery Brokerage Calculator for AxisDirect |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for ProStocks | Futures Brokerage Calculator for AxisDirect |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for ProStocks | Options Brokerage Calculator for AxisDirect |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for prostocks | Detail on Trading Platforms for axisdirect |
| Motilal Oswal | ProStocks | AxisDirect | ||
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57 Customer Reviews
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4 Customer Reviews
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6 Customer Reviews
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| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | ProStocks is Rated 4.5 / 5 based on 4 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare Motilal Oswal vs ProStocks 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 - Motilal Oswal and AxisDirect offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and AxisDirect offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where ProStocks and AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | ProStocks | AxisDirect |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs ProStocks 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 ProStocks 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 Type Compare | Motilal Oswal | ProStocks | AxisDirect |
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Compare Motilal Oswal vs ProStocks 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 Service Compare | Motilal Oswal | ProStocks | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | +91-2262-434343 | 022-61480808 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://www.prostocks.com/faq.html | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
| Website | https://www.motilaloswal.com/ | https://www.prostocks.com | https://simplehai.axisdirect.in |
Compare Motilal Oswal vs ProStocks vs AxisDirect on research reports and tips provided by broker.
| Motilal Oswal | ProStocks | AxisDirect | |
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| Research Mutual Funds | |
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Compare Motilal Oswal vs ProStocks vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | ProStocks | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 83200 | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free (₹1000 Refundable Deposit) | ₹500 pa |
| Advance Deposit | NIL | 1000/- Refundable Deposit against charges | Nil |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹20 per ISIN | ₹10 |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹50 per set up + ₹50 courier charges | ₹3 per certificate |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹50 per set up + ₹50 courier charges | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | ₹35 | ₹50 | ₹25 |
| Pledge Creation Confirmation | Nil | Nil | ₹25 |
| Pledge Closure | ₹35 | ₹50 | ₹25 |
| Pledge Closure Confirmation | Nil | Nil | ₹25 |
| Pledge Invocation | ₹35 | ₹50 | Nil |
| Failed Instruction Charges | Nil | ₹50 per transaction | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs ProStocks vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | ProStocks | AxisDirect | |
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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 Prostocks Mobile, Prostocks Desktop and Prostocks Web application. 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. | Upto 24 Hrs except 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. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. | NA |
| Bank Detail | Info Not Available | SUNLIGHT BROKING LLP, Account Number:00600340080912 Bank and Branch: HDFC BANK, FORT Account Type: Current Account IFSC Code: HDFC0000060 |
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;
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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. | 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 ProStocks | Enquire for AxisDirect |
Last Updated on 2023-09-14T05:03:12+00:00
