Motilal Oswal vs Zerodha (Compare Motilal Oswal vs Zerodha)

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 Motilal Oswal vs Zerodha, Below comparison of Motilal Oswal vs Zerodha 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.

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One on One comparison of Motilal Oswal vs Zerodha is given below:

Motilal Oswal

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Zerodha

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	Motilal Oswal	Zerodha

About The Brokers	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	Zerodha : Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that >>> more
Find More Information about the Broker :	Motilal Oswal : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Zerodha : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Motilal Oswal : Full Service Broker	Zerodha : Discount Broker
Promo/offers	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	Zerodha : Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Pros	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.	Zerodha : No Brokerage on Equity delivery & Mutual Fund. Flat rate for stock trading. Own DP services. Strong Customer service . Good Brokerage & Margin Calculator. Offers up to 20x leverage on intraday trading. Offers most advanced online trading tools. Offers facility to apply on-line IPO . Zerodha offers referral program to its customers.
Cons	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.	Zerodha : No margin funding. Very High charges on Call and Trade @ ₹50 per call. Charges on Funds Transfer @ ₹9 per fund transfer. Charges on SMS Tradw alerts.₹1 for Equity, F&O, and Currency trade alerts and ₹0.50 for Commodity Additional charge of ₹50 per executed order for MIS/BO/CO positions which are not square off by the customer. Doesn't provide stock tips, research reports or recommendations. Doesn't offer Unlimited Trading Plans.
Why This	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.	Zerodha : Zerodha Charge flat rate of ₹20 per executed order. Zerodha does not charge any brokerage on Equity delivery transactions. Zerodha provides platform to invest in mutual funds. Innovative trading platform. No upfront fee, no minimum brokerage and no minimum contract charges. The largest stockbroker by active clients, market volume. Zero brokerage Direct Mutual Funds. Offers up to 20x leverage on intraday trading.

Motilal Oswal vs Zerodha Account Opening & AMC Charges

Motilal Oswal Trading Account Opening Fee is ₹0 and Zerodha Trading Account Opening Fee is ₹200 . Motilal Oswal Demat Account AMC is Free (₹400 2nd year onward) and Zerodha Demat Account AMC is ₹300 .

	Motilal Oswal	Zerodha
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹200
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : Free (₹400 2nd year onward)	Demat Account AMC : ₹300
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : ₹0

Motilal Oswal vs Zerodha Brokerage Charges

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) . Zerodha Brokerage Charges Equity Delivery is ₹0 (Free) and Equity Intraday is ₹20 per executed order or .03% whichever is lower and Equity Options is ₹20 per executed order .

	Motilal Oswal	Zerodha
Plan Name	Plan Name : Standard Plan	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : 0.50%	Equity Delivery : ₹0 (Free)
Equity Intraday	Equity Intraday : 0.05% (both side)	Equity Intraday : ₹20 per executed order or .03% whichever is lower
Equity Future	Equity Future : 0.05% (both side)	Equity Future : ₹20 per executed order or .03% whichever is lower
Equity Options	Equity Options : ₹100 per lot (both side)	Equity Options : ₹20 per executed order
Currency Futures	Currency Futures : ₹20 per lot (both side)	Currency Futures : ₹20 per executed order or .03% whichever is lower
Currency Options	Currency Options : ₹20 per lot (both side)	Currency Options : ₹20 per executed order or .03% whichever is lower
Monthly Fee	Monthly Fee :	Monthly Fee : NO
Margin Trading	Margin Trading :	Margin Trading : NO
Commodity Futures	Commodity Futures : 0.05% (both side)	Commodity Futures : ₹20 per executed order or .03% whichever is lower
Commodity Options	Commodity Options :	Commodity Options : ₹20 per executed order or .03% whichever is lower

Motilal Oswal vs Zerodha Transaction Charges (Per Crore)

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) . Zerodha Transaction Charges (Per Crore) Equity Future is NSE ₹190 per Cr (0.0019%) and Equity Options is NSE ₹5000 per Cr (0.05%) (on premium) .

	Motilal Oswal	Zerodha
Equity Delivery	Equity Delivery : NSE ₹335 per Cr (0.00335%) \| BSE ₹1000 per Cr (0.01%) (each side)	Equity Delivery : NSE ₹325 per Cr (0.00325%) \| BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday	Equity Intraday : NSE ₹325 per Cr (0.00325%) \| BSE ₹200 per Cr (0.002%) (each side)	Equity Intraday : NSE ₹325 per Cr (0.00325%) \| BSE ₹300 per Cr (0.003%) (each side)
Equity Future *	Equity Future : ₹200 per Cr (0.002%)	Equity Future : NSE ₹190 per Cr (0.0019%)
Equity Options *	Equity Options : NSE ₹5110 per Cr (0.0511%) \| BSE ₹200 per Cr (0.002%) (on premium)	Equity Options : NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures *	Currency Futures : ₹125 per Cr (0.00125%)	Currency Futures : NSE ₹90 per Cr (0.0009%) \| BSE ₹22 per Cr (0.00022%)
Currency Options	Currency Options : ₹4200 per Cr (0.042%)(on premium)	Currency Options : NSE ₹3500 per Cr (0.035%) \| BSE ₹100 per Cr (0.001%) (on premium)
Commodity	Commodity : MCX: ₹250 per Cr (0.0025%)	Commodity : Group A - ₹260 per Cr (0.0026%)

Motilal Oswal vs Zerodha Other Charges

Motilal Oswal Minimum Brokerage is ₹25 for Delivery and ₹12 for Intraday and Call & Trade is Nil . Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is ₹50 per executed order .

	Motilal Oswal	Zerodha
Minimum Brokerage	Minimum Brokerage : ₹25 for Delivery and ₹12 for Intraday	Minimum Brokerage : 0.03% in Intraday and F&O
Call & Trade	Call & Trade : Nil	Call & Trade : ₹50 per executed order
Stamp Duty *	Stamp Duty : Charges as per the state of residence	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%
DP Charges (on sell side)	DP Charges (on sell side) : ₹20 or 0.025% of transaction value whichever is higher	DP Charges (on sell side) : ₹13.5 per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : Minimum balance: ₹1,000	Other Miscellaneous Charges : Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS

Motilal Oswal vs Zerodha Features

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

	Motilal Oswal	Zerodha
Trading Platform	Trading Platform : Orion Lite, and MO Trader Mobile App	Trading Platform : Pi, Kite, NEST
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : 0	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : Unnati, Optional strategy charts	Unique features & Offers : Direct MFs, APIs
Referral Program	Referral Program : 1	Referral Program : Yes
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

Motilal Oswal vs Zerodha Demat Account Charges

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

	Motilal Oswal	Zerodha
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹0	Account Opening Fee : ₹200
Advance Deposit	Advance Deposit : Nil	Advance Deposit : Nil
AMC	AMC : ₹0	AMC : ₹0 (Free)
Dematerialisation Charges	Dematerialisation Charges : ₹50 per certificate + ₹50 per request	Dematerialisation Charges : ₹150 per certificate (+ ₹100 Courier charges)
Rematerialisation Charges	Rematerialisation Charges : ₹35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges	Rematerialisation Charges : ₹150 per certificate + CDSL charges + ₹100 Courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹20 per debit transaction	Transaction Charges (debit) : ₹8 + ₹5.5 (CDSL charges)
Pledge Creation Charges	Pledge Creation Charges : ₹35 per request	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL charges)
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : Nil	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : ₹35 or 0.02% (whichever is higher) per ISIN request	Pledge Invocation Charges : ₹20
Failed Instruction Charges	Failed Instruction Charges : Nil	Failed Instruction Charges : ₹50 per instruction
Other Charges	Other Charges : Demat Rejection: ₹50 per request	Other Charges : Cheque Bounce- ₹350 Physical Statement - ₹50 (Courier charges) Modification in CML - ₹25 per request KRA Upload / Download - ₹50 per request Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.

Motilal Oswal vs Zerodha Basic Details

Motilal Oswal Year of Incorporation is 1987 and Total Number of Clients is 3,23,543 and Total Number of Branches is 305 . Zerodha Year of Incorporation is 2010 and Total Number of Clients is 2,720,797+ and Total Number of Branches is 22 .

	Motilal Oswal	Zerodha
Year of Incorporation	Year of Incorporation : 1987	Year of Incorporation : 2010
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE, BSE, MCX and NCDEX
Demat Services	Demat Services : Yes	Demat Services : No
Website	Website : https://www.motilaloswal.com	Website : https://zerodha.com
Contact Details	Contact Details : 022-30896680	Contact Details : 080-40402020
Total Number of Clients	Total Number of Clients : 3,23,543	Total Number of Clients : 2,720,797+
Total Number of Branches	Total Number of Branches : 305	Total Number of Branches : 22
Products *	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution	Products : Kite Web, Kite Mobile for Android/iOS and Coin

Motilal Oswal vs Zerodha Charts and Data

Motilal Oswal and Zerodha both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	Motilal Oswal	Zerodha
Live data source	Live data source : NSE, BSE, MCX	Live data source : Yes
Advanced Charting tools	Advanced Charting tools : Yes	Advanced Charting tools : Yes
Multi-Chart Setup	Multi-Chart Setup : Yes	Multi-Chart Setup : Yes
No.of indicators	No.of indicators : 40	No.of indicators : 111
No.of charts can be opened	No.of charts can be opened : 4	No.of charts can be opened : 13
Live Scanners	Live Scanners : Yes	Live Scanners : Yes
Customizable screeners	Customizable screeners : Yes	Customizable screeners : Yes
Trading from charts	Trading from charts : No	Trading from charts : Yes
Compare Symbol performance on Chart	Compare Symbol performance on Chart : No	Compare Symbol performance on Chart : No
Options charts	Options charts : Yes	Options charts : Yes
Continuous futures charts	Continuous futures charts : Yes	Continuous futures charts : Yes
Intraday historical data for charts	Intraday historical data for charts : 3 moths	Intraday historical data for charts : 365 days on Pi
End of Day historical data for charts	End of Day historical data for charts : 10 years	End of Day historical data for charts : 10 years on Pi
Corporate action adjusted charts	Corporate action adjusted charts : No	Corporate action adjusted charts : No
Back Testing	Back Testing : No	Back Testing : No
Options Chain	Options Chain : Yes	Options Chain : Yes
Heat Maps	Heat Maps : Yes	Heat Maps : Yes
Analytics	Analytics : Yes	Analytics : Yes
Price Ladder	Price Ladder : No	Price Ladder : No

Motilal Oswal vs Zerodha Leverage

Leverage

	Motilal Oswal	Zerodha
Equity Delivery	Equity Delivery : 4x	Equity Delivery : 1x (no margin)
Equity Intraday	Equity Intraday : 20x for Margin+ (Over 140 Stocks), 4x for other stocks	Equity Intraday : Up to 20x (based on the stock)
Equity Futures	Equity Futures : Upto 3x for Intraday	Equity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Equity Options : No exposure	Equity Options : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Currency Futures : NA	Currency Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Currency Options : No exposure	Currency Options : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures	Commodity Futures : Upto 3x for Intraday	Commodity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options	Commodity Options : No exposure	Commodity Options : -

Motilal Oswal vs Zerodha Orders

Orders

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

Motilal Oswal vs Zerodha Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Motilal Oswal	Zerodha
Equity Trading Recommendation *	Equity Trading Recommendation : Yes	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : Yes	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : Yes	Recommendation basis risk Profile : No
Comparison *	Comparison : Yes	Comparison : No
Free Tips *	Free Tips : Yes	Free Tips : No
Daily Market report *	Daily Market report : Yes	Daily Market report : No
ETF research *	ETF research : Yes	ETF research : No
Quarterly Results *	Quarterly Results : Yes	Quarterly Results : No

Motilal Oswal vs Zerodha Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Motilal Oswal	Zerodha
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.10000 to Rs.10,00,000	Investment required for Franchisee / AP : Rs.11,000

Motilal Oswal vs Zerodha Product & Services

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

	Motilal Oswal	Zerodha
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 : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : Yes
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : Yes	IPO Investment : No
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 : Yes
Margin Calculator *	Margin Calculator : No	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : No	Bracket Orders & Trailing Stop Loss : Yes
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

Motilal Oswal vs Zerodha Customer Services

Motilal Oswal and Zerodha 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:

	Motilal Oswal	Zerodha
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 : No
24/7 Support *	24/7 Support : No	24/7 Support : No

Motilal Oswal vs Zerodha Other Investement

Motilal Oswal and Zerodha 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:

	Motilal Oswal	Zerodha
Commodity Trading *	Commodity Trading : Yes	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 : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : Yes	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Motilal Oswal vs Zerodha Trading PlatForm

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

	Motilal Oswal	Zerodha
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 : No	Desktop Mac : No
I-Pad App *	I-Pad App : No	I-Pad App : Yes
Virtual Trading *	Virtual Trading : Yes	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes

Motilal Oswal vs Zerodha Company Information

	Motilal Oswal	Zerodha
Financials *	Financials : Yes	Financials : No
News *	News :	News : -
Company Analysis *	Company Analysis : Yes	Company Analysis : No
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