There is quite a lot of difference between a full-service broker and a discount broker. A full-service broker is the right option, if one is looking for services over brokerage. While on the other hand, a discount stock broker is the suitable for those who prefer technology over services and are pro at trading.
Choosing between a full-service broker and a discount broker can be a tough task which becomes easier if a side-by-side comparison between the two is done.
Here, we have compared Motilal Oswal and Zerodha on the basis of following aspects:
Overview of the company
Demat Account
Brokerage and other charges
Research and advisory
Services
Products
Exposures and Margin
Trading Platforms
COMPANY OVERVIEW | |||
Particulars | Motilal Oswal | Zerodha | |
---|---|---|---|
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. | Zerodha is a flat fee stock broker, which was incorporated in the year 2010. It is one of the largest discount stock broker in India based in Bangalore which offers trading facility in stocks, commodities and Currency Derivatives | |
Incorporation Year | 1987 | 2010 | |
Broker Type | Full-Service Broker | Discount Broker | |
Exchanges Supported | BSE, NSE and MCX | NSE, BSE, NCDEX and MCX | |
ACCOUNT OPENING CHARGES | |||
Source Depository | NDSL and CDSL | CDSL | |
Account opening charges | Free | Rs.300 | |
Demat AMC Charge | Free of Rs.300 p.a. | Rs.300 p.a. | |
Trading AMC Charges | Free | Free | |
Margin Money | Minimum Rs.10,000 | Zero | |
Offline to Online | Yes | No | |
BROKERAGE AND OTHER CHARGES | |||
Account Type | Equity Options | Equity Options | |
Equity Delivery | 0.50% | Free | |
Equity Intraday | 0.05% for both side | Rs.20 per executed order or 0.01% whichever is low | |
Equity Futures | 0.05% for both side | Rs.20 per executed order or 0.01% whichever is low | |
Equity Options | Rs.70 per lot | Flat Fee of Rs.20 | |
Currency Futures | 0.05% or 5 paisa | Rs.20 or 0.01% whichever is low | |
Currency Options | Rs.70 per lot | Flat Fee of Rs.20 | |
Commodity Trading | 0.05% or 5 paisa | Rs.20 or 0.01% whichever is low | |
Brokerage Calculator | Motilal Oswal Brokerage Calculator | Zerodha Brokerage Calculator | |
OTHER CHARGES | |||
Transaction Charges | 0.00335% of the total turnover | 0.00325% 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 | |
TRANSACTION CHARGES | |||
Equity Delivery | NSE Rs.335 per Cr BSE Rs.1000 per Cr for each side | NSE Rs.325 per Cr| BSE Rs.300 per Cr for each side | |
Equity Intraday | NSE Rs.325 per Cr BSE Rs.200 per Cr for each side | NSE Rs.325 per Cr| BSE Rs.300 per Cr for each side | |
Equity Intraday | Rs.200 per Cr | NSE Rs.190 per Cr| BSE Rs.300 per Cr | |
Equity Options | NSE Rs.5110 per Cr BSE Rs.200 per Cr on premium | NSE Rs.5000 per Cr| BSE Rs.300 per Cr | |
Currency Futures | Rs.125 per Cr | NSE Rs.90 per Cr| BSE Rs.22 per Cr | |
Currency Options | Rs. 4200 per Cr | NSE Rs.4000per Cr| BSE Rs.100 per Cr | |
Commodity | MCX: Rs.250 per Cr | Rs.260 per Cr | |
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 | |
SERVICES | |||
Demat Services | Available | Available | |
Trading Services | Available | Available | |
3-in-1 account | Not Available | Not Available | |
Intraday Services | Available | Available | |
IPO Services | Available | Available | |
Stock Recommendations | Available | Not Available | |
Robo Advisory | Not Available | Not Available | |
PMS | Available | Not Available | |
Trading Exposure | Up to 30x | Up to 28x | |
PRODUCTS | |||
Equity Trading | Available | Available | |
Commodity Trading | Available | Not Available | |
Currency Trading | Available | Available | |
Options | Available | Available | |
Futures | Available | Available | |
Mutual Funds | Available | Not Available | |
Forex | Not Available | Not Available | |
Banking | Not Available | Not Available | |
SIP | Available | Not Available | |
Insurance | Not Available | Not Available | |
EXPOSURES AND MARGINS | |||
Equity | Intraday: Up to 20 times | Up to 5 times Intraday | |
Equity Futures | Intraday: Up to 20 times | Intraday: Up to 5 to 20 times | |
Equity Options | Up to 4 times | Intraday: Up to 5 to 20 times | |
Currency Futures | Intraday: Up to 20 times | Intraday: Up to 5 times | |
Currency Options | Up to 4 times | Intraday: Up to 5 times | |
Commodities | Up to 4 times | Intraday: Up to 5 times | |
Margin | Zerodha Margin | ||
TRADING PLATFORMS | |||
Desktop Platform for windows | |||
Desktop Platform for Mac | |||
Desktop Browser Platform | |||
Mobile Site | |||
Android App | |||
iOS App | |||
Windows App platform | |||
Other mobiles OS platform | |||
Real Time Updates | |||
Portfolio Details | |||
Online MF Purchase | |||
Research Reports | |||
Stock Tips | |||
SMS Alerts | |||
Email Alerts | |||
Multi Account Management |
Since the comparison on all the important factors is done, it is always good for the traders to conduct a detailed research and then decide which stock broker of all in the market is the best for them.
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