Motilal Oswal is an Indian full-service stock broker that was incorporated in the year 1987. Just like other full-service brokers, Motilal Oswal gives you a complete hand holding and a personal touch while trading. If you are someone who is not a tech-savvy person, then choosing a full-service broker is the best for you.
Upstox on the other hand is a discount broker that was incorporated in the year 2012. Unlike full-service broker, a discount broker gives more of technology. With discount brokers everything from trading to call and trade facility is online. It is more suitable for those who are pro at trading and are not looking for a personalized handholding facility while trading.
It is on the basis of one’s own preferences and appetite that a trader decides whether to go for a full-service broker or to a discount broker.
For the convenience of the traders we have done a side by side comparison of both the brokers on various important aspects.
The comparison is done on the following aspects:
- Company Overview
- Demat Account Charges
- Brokerage and Other charges
- Research and Advisory
- Exposure and Margin
- Trading Platforms
| COMPANY OVERVIEW | |||
| Particulars | Motilal Oswal | Upstox | |
|---|---|---|---|
| About | Motilal Oswal Securities Ltd. was incorporated in the year 1987. It is an Indian stock broker based in Mumbai. The company offers the facility of trading in Equities, Commodities, Currency, and Derivatives as well. | Upstox is a low cost broking firm in India which was incorporated in the year 2012, and provides trading opportunities at discounted prices. | |
| Incorporation Year | 1987 | 2012 | |
| Broker Type | Full-Service Broker | Discount Broker | |
| Exchanges Supported | NSE, BSE, and MCX | NSE, BSE, and MCX | |
| Company Type | Private | Public | |
| ACCOUNT OPENING CHARGES | |||
| Source Depository | NDSL and CDSL | CDSL | |
| Account opening charges | Free | Rs.150 | |
| Demat AMC Charge | Free of Rs.300 p.a. | Rs.150 p.a | |
| Trading AMC Charges | Free | Free | |
| Margin Money | Minimum Rs.10,000 | Zero | |
| Offline to Online | Yes | No | |
| BROKERAGE AND OTHER CHARGES Plan 1 | |||
| Account Type | Default Plan | Standard Plan | |
| Fixed Charges | 0 | 0 | |
| Equity Delivery | 0.50% | 0 | |
| Equity Intraday | 0.05% (for both side) | Rs.20 | |
| Equity Futures | 0.05% (for both side) | Rs.20 | |
| Equity Options | Rs.100 per lot (for both sides) | Rs.20 | |
| Currency futures | Rs.20 per lot (for both sides) | Rs.20 | |
| Currency options | Rs.20 per lot (for both sides) | Rs.20 | |
| Commodity Futures Trading | 0.05% (for both side) | Rs.20 | |
| Brokerage Calculator | Motilal Oswal Brokerage Calculator | Upstox Brokerage Calculator | |
| BROKERAGE AND OTHER CHARGES Plan 2 | |||
| Account Type | Value Pack (VP2KLT) | Standard Plan | |
| Fixed Charges | Rs.2000 (one time) | 0 | |
| Equity Delivery | 0.40% | 0 | |
| Equity Intraday | 0.04% (for both side) | Rs.20 | |
| Equity Futures | 0.04% (for both side) | Rs.20 | |
| Equity Options | Rs.50 per lot (for both sides) | Rs.20 | |
| Currency futures | Rs.22 per lot (for both sides) | Rs.20 | |
| Currency options | Rs.22 per lot (for both sides) | Rs.20 | |
| Commodity Futures Trading | 0.04% (for both side) | Rs.20 | |
| Brokerage Calculator | Motilal Oswal Brokerage Calculator | Upstox Brokerage Calculator | |
| BROKERAGE AND OTHER CHARGES Plan 3 | |||
| Account Type | Value Pack (VP1LACLT) | Standard Plan | |
| Fixed Charges | Rs.1,00,000 (One-time) | 0 | |
| Equity Delivery | 0.10% | 0 | |
| Equity Intraday | 0.01% (for both side) | Rs.20 | |
| Equity Futures | 0.01% (for both side) | Rs.20 | |
| Equity Options | Rs.20 per lot (for both sides) | Rs.20 | |
| Currency futures | Rs.10 per lot (for both sides) | Rs.20 | |
| Currency options | Rs.10 per lot (for both sides) | Rs.20 | |
| Commodity Futures Trading | 0.01% (for both side) | Rs.20 | |
| Brokerage Calculator | Motilal Oswal Brokerage Calculator | Upstox Brokerage Calculator | |
| OTHER CHARGES | |||
| Transaction Charges | 0.00335% of the total turnover | 0.00275% of the total turnover | |
| STT | 0.0126% of the total turnover | 0.0126% of the total turnover | |
| SEBI Turnover Charges | 0.0002% of the total turnover | 0.0002% of the total turnover | |
| Stamp Duty | Depends on the State | Depends on the State | |
| RESEARCH AND ADVISORY | |||
| Fundamental Reports | Available | Not Available | |
| Research Reports | Available | Not Available | |
| Annual Reports | Available | Not Available | |
| Free Stock Tips | Not Available | Not Available | |
| IPO Reports | Available | Not Available | |
| Daily Market Review | Available | Not Available | |
| Monthly Reports | Available | Not Available | |
| Offline Advisory | Available | Not Available | |
| Relationship Manager | Available | Not Available | |
| EXPOSURE AND MARGIN | |||
| Equity | Intraday: Up to 20 times | Up to 20 times Intraday | |
| Equity Futures | Intraday: Up to 20 times | Intraday: Up to 4 times | |
| Equity Options | Up to 4 times | Intraday: Up to 4 times | |
| Currency Futures | Intraday: Up to 20 times | Intraday: Up to 4 times | |
| Currency Options | Up to 4 times | Intraday: Up to 4 times | |
| Commodities | Up to 4 times | Intraday: Up to 3 times | |
| TRADING PLATFORMS | |||
| Desktop Platform for windows |  |
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| Desktop Platform for Mac | |
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| Desktop Browser Platform | |
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| Mobile Site | |
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| Android App | |
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| iOS App | |
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| Windows App platform |  |
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| Other mobiles OS platform | |
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| Real Time Updates | |
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| Portfolio Details | |
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| Online MF Purchase | |
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| Research Reports | |
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| Stock Tips | |
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| SMS Alerts | |
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| Email Alerts | |
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| Multi Account Management | |
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In spite of this comparison, the traders are suggested to find out about the charges and services offered by different stock brokers. You can decide for yourself whether you want to open an account with a full-service broker or a discount broker.
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