ICICI Direct vs Motilal Oswal (Compare ICICI Direct vs Motilal Oswal)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between ICICI Direct vs Motilal Oswal, Below comparison of ICICI Direct vs Motilal Oswal highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of ICICI Direct vs Motilal Oswal is given below:

ICICI Direct

Motilal Oswal

	ICICI Direct	Motilal Oswal

About The Brokers	ICICI Direct : "ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur >>> more	Motilal Oswal : "Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested on equity research. They have been awarded as India&apos >>> more
Find More Information about the Broker :	ICICI Direct : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Motilal Oswal : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	ICICI Direct : Full Service Broker	Motilal Oswal : Full Service Broker
Promo/offers	ICICI Direct : Special Offer: Free Futures Trading + Intraday Trading charges at Flat ₹20 + Commodity & Currency Derivative at Flat ₹20. Get the offer	Motilal Oswal : Special Offer: Zero AMC for lifetime + ₹3000 worth discount coupons + ₹1000 worth of ME Gold on opening a demat & Trading Account with Motilal Oswal. Get the offer
Advantage	ICICI Direct : 3-in-1 online trading account. Security of your investment & money 24/7 customer service. Easy-to-use website. Innovative offerings like - Margin, MarginPlus, BTST, SPOT. Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance. Own DP services Award winning research services Instant payout for your stocks sold (eATM) By Subscribing ICICI Direct Neo Plan you get ZERO BROKERAGE IN FUTURES, RS 20 UNLIMITED PER ORDER BROKERAGE IN OPTIONS AND INTRADAY EQUITY !	Motilal Oswal : Award Winning Research and advice. Trading in all market segments on BSE, NSE, MCX & NCDEX. Huge Sub-brokers & Partner network Good Trading Platform Offer Commodity Trading Free Call and Trade Service.
Disadvantage	ICICI Direct : Very High delivery brokerage. Not a good fit for small and penny stock traders. Charges for trading terminal usage. High Minimum Brokerage Charges.	Motilal Oswal : High brokerage. Not a good fit for small and penny stock traders. They charge minimum brokerage of 20 Rs for your trade. Hidden charges. No brokerage plans available onsite.
Why This	ICICI Direct : A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India. Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade. Largest Equity E-Broking House with >40 Lac customers. Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance. Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service. Award Winning Research	Motilal Oswal : Wide Network with over 2200 Sub-brokers and Franchise partners in 500+ cities in India serving >9L customers. Free Call and Trade Service. Dedicated and award winning research with daily, weekly, monthly & yearly reports. 30,000+ research reports across 230+ companies and 21+ sectors. Dedicated large cap, mid cap & technical research teams. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds. LIVE streaming quotes and technical charts to help you make the right decision. Option to trade across exchanges - BSE, NSE, NCDEX, MCX, MSEI. Dedicated customer service team with a 6-hour query resolution TAT.

ICICI Direct vs Motilal Oswal Account Opening & AMC Charges

ICICI Direct Trading Account Opening Fee is ₹0 and Motilal Oswal Trading Account Opening Fee is ₹0 . ICICI Direct Demat Account AMC is ₹300 (2nd year onwards) and Motilal Oswal Demat Account AMC is Free (₹400 2nd year onward) .

	ICICI Direct	Motilal Oswal
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹0
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : ₹300 (2nd year onwards)	Demat Account AMC : Free (₹400 2nd year onward)
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : ₹0

ICICI Direct vs Motilal Oswal Brokerage Charges

ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is 0.275% and Equity Options is ₹95 per lot . Motilal Oswal Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.05% (both side) and Equity Options is ₹100 per lot (both side) .

	ICICI Direct			Motilal Oswal
Plan Name	Plan Name : I-Secure Plan	Plan Name : ICICIDirect Neo Plan	Plan Name : ICICIDirect Prime	Plan Name : Standard Plan	Plan Name : Value Pack (VP2KLT)	Plan Name : Value Pack (VP1LACLT)
Equity Delivery	Equity Delivery : 0.55%	Equity Delivery : 0.55%	Equity Delivery : 0.15% to 0.27%	Equity Delivery : 0.50%	Equity Delivery : 0.10%	Equity Delivery : 0.40%
Equity Intraday	Equity Intraday : 0.275%	Equity Intraday : Rs 20 per order	Equity Intraday : 0.015% to 0.027%	Equity Intraday : 0.05% (both side)	Equity Intraday : 0.01% (both side)	Equity Intraday : 0.04% (both side)
Equity Future	Equity Future : 0.05%	Equity Future : Rs 0 (Free)	Equity Future : 0.015% to 0.027%	Equity Future : 0.05% (both side)	Equity Future : 0.01% (both side)	Equity Future : 0.04% (both side)
Equity Options	Equity Options : ₹95 per lot	Equity Options : Rs 20 per order	Equity Options : Rs 20 to Rs 40 Per Lot	Equity Options : ₹100 per lot (both side)	Equity Options : ₹20 per lot (both side)	Equity Options : ₹50 per lot (both side)
Currency Futures	Currency Futures : Rs 20 per order	Currency Futures : Rs 20 per order	Currency Futures : Rs 20 per Lot	Currency Futures : ₹20 per lot (both side)	Currency Futures : ₹10 per lot (both side)	Currency Futures : ₹22 per lot (both side)
Currency Options	Currency Options : Rs 20 per order	Currency Options : Rs 20 per order	Currency Options : Rs 20 per Lot	Currency Options : ₹20 per lot (both side)	Currency Options : ₹10 per lot (both side)	Currency Options : ₹22 per lot (both side)
Monthly Fee	Monthly Fee : NA	Monthly Fee : -	Monthly Fee : Rs. 299 to 2999 per month	Monthly Fee : -	Monthly Fee : ₹1,00,000 (one time fee)	Monthly Fee : ₹2000 (one time fee)
Margin Trading	Margin Trading : 0.05% - 0.03%	Margin Trading : 0.05% - 0.03%	Margin Trading : 0.024% to 0.04% per day	Margin Trading : -	Margin Trading : -	Margin Trading : -
Commodity Futures	Commodity Futures : Rs 20 per order	Commodity Futures : Rs 20 per order	Commodity Futures : Rs 20 per Lot	Commodity Futures : 0.05% (both side)	Commodity Futures : 0.01% (both side)	Commodity Futures : 0.04% (both side)
Commodity Options	Commodity Options : Rs 20 per order	Commodity Options : Rs 20 per order	Commodity Options : Rs 20 per Lot	Commodity Options : -	Commodity Options : -	Commodity Options : -

ICICI Direct vs Motilal Oswal Transaction Charges (Per Crore)

ICICI Direct Transaction Charges (Per Crore) Equity Future is ₹180 per Cr (0.0018%) and Equity Options is ₹5000 per Cr (0.05%) (on premium) . Motilal Oswal Transaction Charges (Per Crore) Equity Future is ₹200 per Cr (0.002%) and Equity Options is NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium) .

	ICICI Direct	Motilal Oswal
Equity Delivery	Equity Delivery : NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)	Equity Delivery : NSE ₹335 per Cr (0.00335%) \| BSE ₹1000 per Cr (0.01%) (each side)
Equity Intraday	Equity Intraday : NSE ₹310 per Cr (0.0031%) \| BSE ₹280 per Cr (0.0028%) (each side)	Equity Intraday : NSE ₹325 per Cr (0.00325%) \| BSE ₹200 per Cr (0.002%) (each side)
Equity Future *	Equity Future : ₹180 per Cr (0.0018%)	Equity Future : ₹200 per Cr (0.002%)
Equity Options *	Equity Options : ₹5000 per Cr (0.05%) (on premium)	Equity Options : NSE ₹5110 per Cr (0.0511%) \| BSE ₹200 per Cr (0.002%) (on premium)
Currency Futures *	Currency Futures : ₹120 per Cr (0.0012%)	Currency Futures : ₹125 per Cr (0.00125%)
Currency Options	Currency Options : ₹5000 per Cr (0.05%) (on premium)	Currency Options : ₹4200 per Cr (0.042%)(on premium)
Commodity	Commodity : NA	Commodity : MCX: ₹250 per Cr (0.0025%)

ICICI Direct vs Motilal Oswal Other Charges

ICICI Direct Minimum Brokerage is ₹35 per trade and Call & Trade is ₹25 per call after first 20 free calls per month . Motilal Oswal Minimum Brokerage is ₹25 for Delivery and ₹12 for Intraday and Call & Trade is Nil .

	ICICI Direct	Motilal Oswal
Minimum Brokerage	Minimum Brokerage : ₹35 per trade	Minimum Brokerage : ₹25 for Delivery and ₹12 for Intraday
Call & Trade	Call & Trade : ₹25 per call after first 20 free calls per month	Call & Trade : Nil
Stamp Duty *	Stamp Duty : Charges as per the state of residence	Stamp Duty : Charges as per the state of residence
DP Charges (on sell side)	DP Charges (on sell side) : 0.04% (Min ₹25 and Max ₹25,000)	DP Charges (on sell side) : ₹20 or 0.025% of transaction value whichever is higher
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Minimum balance: ₹1,000

ICICI Direct vs Motilal Oswal Features

ICICI Direct and Motilal Oswal both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	ICICI Direct	Motilal Oswal
Trading Platform	Trading Platform : Trade Racer Web, Desktop, ICICI Direct Mobile App	Trading Platform : Orion Lite, and MO Trader Mobile App
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : 1	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : Bullet Trading, Can trade in 32 exchanges through Saxo Trader	Unique features & Offers : Unnati, Optional strategy charts
Referral Program	Referral Program : -	Referral Program : 1
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

ICICI Direct vs Motilal Oswal Demat Account Charges

A comparative table of various demat account charges between ICICI Direct and Motilal Oswal is below:

	ICICI Direct	Motilal Oswal
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL and NSDL
Account Opening Fee	Account Opening Fee : ₹0	Account Opening Fee : ₹0
Advance Deposit	Advance Deposit : ₹0 for ICICI Bank customers. ₹7500 for Non ICICI BANK customers.	Advance Deposit : Nil
AMC	AMC : ₹0	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : ₹50 Per Demat Request Form and ₹3 For Each Certificates	Dematerialisation Charges : ₹50 per certificate + ₹50 per request
Rematerialisation Charges	Rematerialisation Charges : ₹25 + CDSL charges at actual	Rematerialisation Charges : ₹35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹0 for trader on ICICIDirect.com	Transaction Charges (debit) : ₹20 per debit transaction
Pledge Creation Charges	Pledge Creation Charges : 0.02% or minimum of ₹50	Pledge Creation Charges : ₹35 per request
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : If, ICICI Bank is counterparty: 0.02% or minimum of ₹35; If, ICICI Bank is not counterparty: 0.04% or minimum of ₹35	Pledge Invocation Charges : ₹35 or 0.02% (whichever is higher) per ISIN request
Failed Instruction Charges	Failed Instruction Charges : ₹30	Failed Instruction Charges : Nil
Other Charges	Other Charges : 1. Mailing charges for non periodic statements and other communication, ₹50 for inland and ₹500.0 for foreign address. 2. ₹200 for restoring services if account is suspended for non payment of charges.	Other Charges : Demat Rejection: ₹50 per request

ICICI Direct vs Motilal Oswal Basic Details

ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 2752864 and Total Number of Branches is 154 . Motilal Oswal Year of Incorporation is 1987 and Total Number of Clients is 788629 and Total Number of Branches is 305 .

	ICICI Direct	Motilal Oswal
Year of Incorporation	Year of Incorporation : 2000	Year of Incorporation : 1987
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE	Active Exchange Memberships : NSE, BSE, MCX
Demat Services	Demat Services : Yes	Demat Services : Yes
Website	Website : http://www.icicidirect.com	Website : https://www.motilaloswal.com
Contact Details	Contact Details : 020-28307700	Contact Details : 022-30896680
Total Number of Clients	Total Number of Clients : 2752864	Total Number of Clients : 788629
Total Number of Branches	Total Number of Branches : 154	Total Number of Branches : 305
Products *	Products : investment banking, institutional broking, retail broking, private wealth management, and financial product distribution	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution

ICICI Direct vs Motilal Oswal Leverage

Leverage

	ICICI Direct	Motilal Oswal
Equity Delivery	Equity Delivery : 5x with Interest	Equity Delivery : 4x
Equity Intraday	Equity Intraday : Upto 25x	Equity Intraday : 20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity Futures	Equity Futures : 4x	Equity Futures : Upto 3x for Intraday
Equity Options	Equity Options : 2x for shorting	Equity Options : No exposure
Currency Futures	Currency Futures : NA	Currency Futures : NA
Currency Options	Currency Options : NA	Currency Options : No exposure
Commodity Futures	Commodity Futures : NA	Commodity Futures : Upto 3x for Intraday
Commodity Options	Commodity Options : -	Commodity Options : No exposure
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

ICICI Direct vs Motilal Oswal Orders

Orders

	ICICI Direct	Motilal Oswal
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : No	Bracket orders / One Cancels Other (BO / OCO) : Yes
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : No
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : Yes

ICICI Direct vs Motilal Oswal Research and Advice / Trading Tips

Research and Advice / Trading Tips

	ICICI Direct	Motilal Oswal
Equity Trading Recommendation *	Equity Trading Recommendation : Yes	Equity Trading Recommendation : Yes
Equity Investment Recommendation *	Equity Investment Recommendation : Yes	Equity Investment Recommendation : Yes
Recommendation basis risk Profile *	Recommendation basis risk Profile : Yes	Recommendation basis risk Profile : Yes
Comparison *	Comparison : Yes	Comparison : Yes
Free Tips *	Free Tips : Yes	Free Tips : Yes
Daily Market report *	Daily Market report : Yes	Daily Market report : Yes
ETF research *	ETF research : Yes	ETF research : Yes
Quarterly Results *	Quarterly Results : Yes	Quarterly Results : Yes

ICICI Direct vs Motilal Oswal Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	ICICI Direct	Motilal Oswal
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.25,000 to Rs.2,00,000	Investment required for Franchisee / AP : Rs.10000 to Rs.10,00,000

ICICI Direct vs Motilal Oswal Product & Services

ICICI Direct and Motilal Oswal both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	ICICI Direct	Motilal Oswal
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	Margin Trading : Yes
Call in Trade *	Call in Trade : Yes	Call in Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : Yes	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : Yes	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : Yes
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : Yes	Offers Multiple Plan : No
IPO Investment *	IPO Investment : Yes	IPO Investment : Yes
Portfolio Analysis *	Portfolio Analysis : Yes	Portfolio Analysis : Yes
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : No	Brokerage Calculator : No
Margin Calculator *	Margin Calculator : No	Margin Calculator : No
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : No
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No

ICICI Direct vs Motilal Oswal Customer Services

ICICI Direct and Motilal Oswal both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	ICICI Direct	Motilal Oswal
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : Yes	Branch Offices : Yes
Customer Care *	Customer Care : Yes	Customer Care : Yes
Community Service *	Community Service : Yes	Community Service : Yes
Relationship Manager *	Relationship Manager : -	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : No

ICICI Direct vs Motilal Oswal Other Investement

ICICI Direct and Motilal Oswal both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	ICICI Direct	Motilal Oswal
Commodity Trading *	Commodity Trading : No	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : Yes	Investment in Bonds : Yes
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : Yes
Insurance Services *	Insurance Services : Yes	Insurance Services : Yes
Banking Services *	Banking Services : Yes	Banking Services : No

ICICI Direct vs Motilal Oswal Trading PlatForm

ICICI Direct and Motilal Oswal both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	ICICI Direct	Motilal Oswal
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : Yes	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : No
Virtual Trading *	Virtual Trading : Yes	Virtual Trading : Yes
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
Contact Now