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Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of ProStocks ranges between Rs 15. Motilal Oswal is a Full Service Broker where ProStocks is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Motilal Oswal is 8,79,629 where number of active customer for ProStocks is 6,563. Motilal Oswal is serving more customer compare to ProStocks.
Here we present side-by-side comparison of Motilal Oswal vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs ProStocks's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Motilal Oswal vs ProStocks share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Motilal Oswal vs ProStocks's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
 Motilal Oswal |
 ProStocks |
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|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Full Service Broker | Discount Broker |
| Exchanges Supported
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BSE, NSE, MCX, NCDEX | NSE, BSE |
| Active Clients | 8,79,629 | 6,563 |
| Broker Overview | Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... |
| Broker Enquiry |
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Comparison of Motilal Oswal with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
| Charges | Motilal Oswal | ProStocks |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 0 (Rs 1000 Refundable Deposit) |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Motilal Oswal with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - ProStocks provides Multiple Plans where Motilal Oswal doesn't offer. Monthly Plans - ProStocks provides Monthly Plans where Motilal Oswal doesn't offer
| Plan Types | Motilal Oswal | ProStocks |
|---|---|---|
| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | ProStocks | |
|---|---|---|
| Account Opening Request |
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.
| Brokerage Charges Compare | Motilal Oswal | ProStocks |
|---|---|---|
| Plan Name | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan |
| Equity Delivery | 0.20% | Free |
| Equity Intraday | 0.02% | Flat Fee Rs 15 |
| Equity Futures | 0.02% | Flat Fee Rs 15 |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | NA |
| Minimum Brokerage | NIL | NA |
| Hidden Charges | No | No |
| Funding | Yes - 18% interest PA | No |
| Call & Trade Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Auto Square off Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for ProStocks |
Compare Motilal Oswal with ProStocks on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | ProStocks |
|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for prostocks |
Compare Motilal Oswal with ProStocks on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - ProStocks offers Algo Trading where Motilal Oswal doesn't offers Algo Trading. Margin Funding - Motilal Oswal offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.
| Account Features Compare | Motilal Oswal | ProStocks |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and ProStocks. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
| Trading Platform Compare | Motilal Oswal | ProStocks |
|---|---|---|
| Desktop Trading Platform | Orion Lite | Star ProStocks |
| Desktop Demo | Desktop Demo | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://power.motilaloswal.com/MOSL/userMaster/login | https://www.prostocksweb.com/ |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | MO Trader | Star ProStocks |
| Mobile Trading App Demo | MO Trader Demo | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod MO Trader Download | Andriod Star ProStocks Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS MO Trader Download | iOS Star ProStocks Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for ProStocks |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for ProStocks |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for prostocks |
| Motilal Oswal | ProStocks | |
|---|---|---|
57 Customer Reviews
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4 Customer Reviews
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| Fees Ratings | 3.2 | 4.5 |
| Trading Brokerage Rating | 2.6 | 4.5 |
| Trading Platform Usability | 3.2 | 4.5 |
| Customer Service Ratings | 3.0 | 4.0 |
| Overall Ratings | 3.0 | 4.5 |
| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | ProStocks is Rated 4.5 / 5 based on 4 customer reviews |
Compare Motilal Oswal with ProStocks on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Motilal Oswal offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where ProStocks doesn't offer
| Investment Offerings Compare | Motilal Oswal | ProStocks |
|---|---|---|
| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Motilal Oswal with ProStocks on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.
| Order Type Compare | Motilal Oswal | ProStocks |
|---|---|---|
| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare Motilal Oswal with ProStocks on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
| Customer Service Compare | Motilal Oswal | ProStocks |
|---|---|---|
| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| Customer Care Number
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022 40548000/022 67490600 | +91-2262-434343 |
| Account Opening Process
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Online/Paperless | Online/Paperless |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://edumo.motilaloswal.com/ | https://www.prostocks.com/faq.html |
| Head Office Address
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Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
| Website
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https://www.motilaloswal.com/ | https://www.prostocks.com |
Compare Motilal Oswal with ProStocks on research reports and tips provided by the broker.
| Motilal Oswal | ProStocks | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare Motilal Oswal with ProStocks on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for ProStocks is Free (₹1000 Refundable Deposit) where for Motilal Oswal is ₹400 pa. ProStocks is a better choice in terms of Demat AMC compare to Motilal Oswal.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for ProStocks is ₹20 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
| Motilal Oswal | ProStocks | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
|
10900 | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free (₹1000 Refundable Deposit) |
| Advance Deposit | NIL | 1000/- Refundable Deposit against charges |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹20 per ISIN |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹50 per set up + ₹50 courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹50 per set up + ₹50 courier charges |
| Pledge Creation | ₹35 | ₹50 |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | ₹35 | ₹50 |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | ₹35 | ₹50 |
| Failed Instruction Charges | Nil | ₹50 per transaction |
| Other Charges | Nil | Nil |
Compare Motilal Oswal with ProStocks on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | ProStocks | |
|---|---|---|
| Pay In and Pay Out Options
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Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time
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Max 24 hrs except bank holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges
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Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. |
| Bank Detail | Info Not Available | SUNLIGHT BROKING LLP, Account Number:00600340080912 Bank and Branch: HDFC BANK, FORT Account Type: Current Account IFSC Code: HDFC0000060 |
| Likes |
There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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| Dislikes |
There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. |
| Enquiry | Open Zerodha Account Now>> | Open ProStocks Account Now>> |
Last Updated on 2023-09-14T05:03:12+00:00
