The brokerage of ICICIDirect ranges between 0.05 to .55% while the brokerage of Motilal Oswal ranges between .05 to .5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Motilal Oswal share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Motilal Oswal'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.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE||BSE, NSE, MCX, NCDEX|
|Broker Overview||ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors but delivers with a fantastic platform, innovative offerings, and strong customer service. From advisory services to research, active trading...||Motilal Oswal is the well- established and big player in the stock broker's field. From advisory services to research, active trading, customer service, ease of use and more, Motilal Oswal understands what it means to provide a high-quality offering....|
In this section we have compared ICICIDirect with Motilal Oswal on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Motilal Oswal charges Rs 600 for account opeing. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where Motilal Oswal charges Rs 400 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Rs 600|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 600 PA (Waived for 1st year)||Rs 400 PA|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with Motilal Oswal. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - Both the brokers don't have Monthly Plans.
|Plan Types||ICICIDirect||Motilal Oswal|
|Account Opening Request|
ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.
Motilal Oswal Brokerage Plan detail - This Plan works on the Principle that you have to deposit the Upfront Fee for particular time Frame to avail Brokerage Rates accordingly. The Upfront Fee starts from Rs 2500 for one month to Rs 2500 or Rs 5000 for 3 months, 25,000 for 6 months or Rs 50,000 for 12 months.
|Brokerage Charges Compare||ICICIDirect||Motilal Oswal|
|Plan Name||I-Secure Trading Plan (Percentage Based)||Value Trading Plan (Percentage Based)|
|Equity Delivery||0.55% or 55 paisa||0.5% or 50 paisa|
|Equity Intraday||0.03% or 3 paisa||0.05% or 5 paisa|
|Equity Futures||0.05% or 5 paisa||0.05% or 5 paisa|
|Equity Options||Rs 95 Per Lot||Rs 70 Per Lot|
|Currency Futures||0.05% or 5 paisa||0.05% or 5 paisa|
|Currency Options||Rs 25 Per Lot||Rs 70 Per Lot|
|Commodity Trading||NA||0.05% or 5 paisa|
|Minimum Brokerage||Rs 35 per trade||NIL|
|Funding||Yes - 18% interest PA||Yes - 18% interest PA|
|Call & Trade Charges||First 20 call free and Rs 25 there onwards.||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for Motilal Oswal|
|SPAN Margin Calculator||SPAN Margin Calculator for ICICIDirect||SPAN Margin Calculator for Motilal Oswal|
Compare ICICIDirect with Motilal Oswal on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||Motilal Oswal|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 100 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 Per Cr|
|Commodity||NA||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for icicidirect||Complete Brokerage Plans for motilal-oswal|
Compare ICICIDirect with Motilal Oswal on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Motilal Oswal offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo tradig. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - both brokers provides NRI Trading facility.
|Account Features Compare||ICICIDirect||Motilal Oswal|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Motilal Oswal. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
|Trading Platform Compare||ICICIDirect||Motilal Oswal|
|Desktop Trading Platform||Trade Racer||Orion Lite|
|Desktop Demo||Desktop Demo||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||https://power.motilaloswal.com/MOSL/userMaster/login|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||ICICI direct Mobile||MO Trader|
|Mobile Trading App Demo||ICICI direct Mobile Demo||MO Trader Demo|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod MO Trader Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS MO Trader Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for ICICIDirect||Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal|
|Futures Brokerage Calculator||Futures Brokerage Calculator for ICICIDirect||Futures Brokerage Calculator for Motilal Oswal|
|Options Brokerage Calculator||Options Brokerage Calculator for ICICIDirect||Options Brokerage Calculator for Motilal Oswal|
|Detail||Detail on Trading Platforms for icicidirect||Detail on Trading Platforms for motilal-oswal|
|265 Customer Reviews||53 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||ICICIDirect is Rated 2.5 / 5 based on 265 customer reviews||Motilal Oswal is Rated 3.0 / 5 based on 53 customer reviews|
Compare ICICIDirect with Motilal Oswal 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 brokers 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 ICICIDirect doesn't offer. Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.
|Investment Offerings Compare||ICICIDirect||Motilal Oswal|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare ICICIDirect with Motilal Oswal on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- both offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.
|Order Type Compare||ICICIDirect||Motilal Oswal|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre ICICIDirect with Motilal Oswal on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||ICICIDirect||Motilal Oswal|
|Equity Delivery Margin||No Delivery margin.||Up to 4x leverage for equity delivery - via Margin Funding.|
|Equity Intraday Margin||Up to 10x or 10% subject to Var and ELM.||Up to 10x or 10% subject to Var and ELM.|
|Futures Margin||1x means actual SPAN + Exposure.||1x means actual SPAN + Exposure.|
|Options Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
|Equity CO Margin||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.|
|Futures CO Margin||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare ICICIDirect with Motilal Oswal on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
|Customer Service Compare||ICICIDirect||Motilal Oswal|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||33551122||91-22-39982515 / 67490600|
|Account Opening Process||Offline||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Compare ICICIDirect with Motilal Oswal on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare ICICIDirect with Motilal Oswal on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹700 pa||YR081/YR082 /11UPfront- Nil, YR083 -- 700/-, YR084 --850/-, YR085 -- 300/- YR086 -- 450/-, Ebroking - 400, BSDA-Nil up to holding 50000/- or Rs. 100/- up to holding 200000/-.|
|Advance Deposit||Rs. 7500/- , If the client is not having ICICI BANK Account||NIL|
|Transaction Charges on Debit (Per ISIN)||0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges)||Within MOSL- YR081/82- 0.025% or Rs30,YR083/84-0.025% or Rs20( MOSL PI is Free),YR085/86-0.020% OR Rs20, Eb- 0.020% or Rs20,11Upfront-0.015% or Rs15, YR081/82-0.04% or Rs30,YR083/84/85/86-0.03% or Rs30,Eb-0.03% or Rs30,11Upfront-0.04% or Rs30, BSDA Rs. 70/- or .07% which ever is higher.|
|Demat||₹50 per set up||Rs.50/- per certificate + Rs. 50/- per request in all the scheme.|
|Remat||₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction||Rs.35/- per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges and Rs.25/- per Restat of SOA/Redemption|
|Pledge Creation||0.02% (Min ₹35 and Max ₹25,000)||Rs. 35/- per request in all scheme|
|Pledge Creation Confirmation||0.02% (Min ₹35 and Max ₹25,000)||Nil|
|Pledge Closure||0.02% (Min ₹35 and Max ₹25,000)||Rs. 35/- per request in all scheme|
|Pledge Closure Confirmation||0.02% (Min ₹35 and Max ₹25,000)||Nil|
|Pledge Invocation||0.02% (Min ₹35 and Max ₹25,000)||Rs. 35/- per request in all scheme|
|Failed Instruction Charges||₹30 per transaction||Nil|
|Other Charges||Nil||Demat Rejection Rs. 50/- per req./-|
Compare ICICIDirect with Motilal Oswal on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|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
|Payout Time||Instant to ICICI Bank.||Max 24 hrs except bank holidays.|
|Bank Supported and Charges||Info Not Available||Around 47 banks allow instant credit facility(Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms.|
|Bank Detail||Direct from your ICICI bank account.||Info Not Available|
|Special Offers/Promo||Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.||Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin)|
|Enquiry||Enquire about ICICIDirect||Enquire about Motilal Oswal|
Last Updated on 2019-11-19T02:45:59+00:00