Motilal Oswal Vs Zerodha

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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