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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Zerodha ranges between Rs 20, while the brokerage of SBICAP Securities ranges between .05 to 0.50%. The broker Motilal Oswal and SBICAP Securities are full service brokers where Zerodha is a discount broker. Overall rating for Motilal Oswal is 4, Zerodha is rated 4.5, SBICAP Securities is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Zerodha vs SBICAP Securities 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 Zerodha vs SBICAP Securities 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 Zerodha vs SBICAP Securities in this setion with 360 degree view of broker information.
 Motilal Oswal |
 Zerodha |
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| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE, 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. | Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. | Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...  |
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In this section we have compared Motilal Oswal vs Zerodha vs SBICAP Securities on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Zerodha offer Free account opening where SBICAP Securities charges Rs 850 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Zerodha charges Rs 300 PA AMC for Demat account, where SBICAP Securities charges Rs 500 PA AMC for Demat account.
| Charges | Motilal Oswal | Zerodha | SBICAP Securities |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Rs 850 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 300 PA | Rs 500 PA |
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Plans are the most important feature you look when compare Motilal Oswal vs Zerodha vs SBICAP Securities. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | Zerodha | SBICAP Securities |
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| Zerodha | Zerodha | Zerodha | |
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Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.
SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.
| Brokerage Charges Compare | Motilal Oswal | Zerodha | SBICAP Securities |
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| Plan Name | Default Brokerage Plan | Max Rs 20 per order Trading Plan | Standard or default brokerage plan |
| Equity Delivery | 0.20% | Free | 0.50% |
| Equity Intraday | 0.02% | 0.03% or Rs 20 whichever is lower | 0.05% |
| Equity Futures | 0.02% | 0.03% or Rs 20 whichever is lower | 0.05% |
| Equity Options | Rs 20 per lot | Flat Fee Rs 20 | Rs 100 Per Lot |
| Currency Futures | Rs 20 per lot | 0.03% or Rs 20 whichever is lower | 0.03% |
| Currency Options | Rs 20 per lot | Flat Fee Rs 20 | Rs 30 Per Lot |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 20 | Rs. 100 per lot |
| Minimum Brokerage | NIL | Rs 0.05 for Cash, Rs 0.01 Future | |
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | Info Not Available | Yes - 24% interest PA |
| Call & Trade Charges | NA | Rs 50 Per Executable Order | Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. |
| Auto Square off Charges | NA | Rs 50 Per Executable Order | First Free 30 per month, after Rs 10 per square-off |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Zerodha | Brokerage Calculator for SBICAP Securities |
Compare Motilal Oswal vs Zerodha vs SBICAP Securities on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Zerodha | SBICAP Securities |
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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 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for zerodha | Complete Brokerage Plans for sbicap-securities |
Compare Motilal Oswal vs Zerodha vs SBICAP Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP Securities offers 3-in-1 Account where Motilal Oswal and Zerodha offers only 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal offers margin funding where Zerodha and SBICAP Securities doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | Zerodha | SBICAP Securities |
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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 | 3:20 PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL | Trading software terminal: ODIN Diet |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Zerodha vs SBICAP Securities. 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 | Zerodha | SBICAP Securities | ||
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57 Customer Reviews
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160 Customer Reviews
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78 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Zerodha is Rated 3.9 / 5 based on 160 customer reviews | SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews |
Compare Motilal Oswal vs Zerodha vs SBICAP Securities 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 Zerodha offers Commodity Trading where SBICAP Securities doesn't 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 Zerodha and SBICAP Securities doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Zerodha | SBICAP Securities |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Zerodha vs SBICAP Securities 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 SBICAP Securities provides Bracket Orders (BO) facility where Zerodha 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 | Zerodha | SBICAP Securities |
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Compare Motilal Oswal vs Zerodha vs SBICAP Securities 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 | Zerodha | SBICAP Securities |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | "+ 91 80 4040 2020" | 022 6854 5555 |
| Account Opening Process | Online/Paperless | Online/Paperless | Offline |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://zerodha.com/varsity/ | https://www.sbismart.com/education |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
SBICAP SECURITIES LTD., A&B WING, MARATHON FUTUREX 12TH FLOOR, N.M.JOSHI MARG LOWER PAREL, MUMBAI - 400013 |
| Website | https://www.motilaloswal.com/ | https://zerodha.com/ | https://www.sbismart.com |
Compare Motilal Oswal vs Zerodha vs SBICAP Securities on research reports and tips provided by broker.
| Motilal Oswal | Zerodha | SBICAP Securities | |
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Compare Motilal Oswal vs Zerodha vs SBICAP Securities on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Zerodha | SBICAP Securities | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 81600 | 19300 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹300 pa | ₹500 |
| Advance Deposit | NIL | Nil | 0 for all |
| Statutory charges | Nil | ₹50 | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹8 + ₹5.50 (CDSL Charges) per transaction | 0.01% of the transaction value (Min ₹21 and Max ₹300) |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹150 per certificate + ₹100 courier charges | ₹5 per certificate + ₹35 courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹35 per certificate + CDSL Charges |
| Pledge Creation | ₹35 | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
| Pledge Creation Confirmation | Nil | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
| Pledge Closure | ₹35 | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
| Pledge Closure Confirmation | Nil | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
| Pledge Invocation | ₹35 | ₹20 | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges |
| Failed Instruction Charges | Nil | ₹50 per instraction | ₹10 |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Zerodha vs SBICAP Securities on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Zerodha | SBICAP Securities | |
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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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite 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 SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except bank holidays. | Max 24 hrs except for 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 zerodha trading platform (kite/PI). | Direct to SBI Bank. |
| Bank Detail | Info Not Available | HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
Direct to SBI 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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You will enjoy many benefits or advantages while trading with Zerodha;
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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) | Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. | |
| Enquire for Motilal Oswal | Enquire for Zerodha | Enquire for SBICAP Securities |
Last Updated on 2023-09-14T05:03:12+00:00
