Compare 3 Brokers

ICICIDirect Vs Motilal Oswal: Which one is better?

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.

Compare ICICIDirect vs Motilal Oswal on Service

  ICICIDirect Compare
ICICIDirect
Motilal Oswal Compare
Motilal Oswal
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? 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 and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICIDirect Motilal Oswal is the well- established and big player in 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. Mot...Know more about Motilal Oswal
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICIDirect vs Motilal Oswal on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare ICICIDirect with Motilal Oswal
Charges ICICIDirect Motilal Oswal
Trading Account Opening Fees Free Rs 600
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA (Waived for 1st year) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Motilal Oswal on Plan Options

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.

Compare ICICIDirect with Motilal Oswal on Plan Options
Plan Types ICICIDirect Motilal Oswal
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  ICICIDirect Motilal Oswal
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Motilal Oswal on Brokerage Charges

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 with Motilal Oswal
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
Hidden Charges Yes No
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
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Share Broker's Transaction Charges

Compare ICICIDirect vs Motilal Oswal on Transaction Charges

Compare ICICIDirect with Motilal Oswal on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with Motilal Oswal
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
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Account Features

Compare ICICIDirect vs Motilal Oswal on Account Features

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 - ICICIDirect with Motilal Oswal
Account Features Compare ICICIDirect Motilal Oswal
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Motilal Oswal on Trading Platform

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 with Motilal Oswal
Trading Platform Compare ICICIDirect Motilal Oswal
Desktop Trading Platform Trade Racer Orion Lite
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://power.motilaloswal.com/MOSL/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile MO Trader
Mobile Trading App Demo ICICI direct Mobile Demo MO Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod MO Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS MO Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare ICICIDirect vs Motilal Oswal on User Rating

  ICICIDirect Motilal Oswal
  264 Customer Reviews    Rate ICICIDirect 52 Customer Reviews    Rate Motilal Oswal
Fees Ratings 2.4 3.3
Trading Brokerage Rating 1.8 2.7
Trading Platform Usability 3.3 3.3
Customer Service Ratings 2.8 3.0
Overall Ratings Rated 2.5 stars Rated 3.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews Motilal Oswal is Rated 3.0 / 5 based on 52 customer reviews
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Investment Offerings

Compare ICICIDirect vs Motilal Oswal on Investment Offerings

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 with Motilal Oswal
Investment Offerings Compare ICICIDirect Motilal Oswal
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Motilal Oswal on Order Types

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 Types - Compare ICICIDirect with Motilal Oswal
Order Type Compare ICICIDirect Motilal Oswal
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Margin/Leverage

Compare ICICIDirect vs Motilal Oswal on Margin/Leverage

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.

Exposure/margin - Compare ICICIDirect with Motilal Oswal
Margin Product Compare ICICIDirect Motilal Oswal
Equity Delivery Margin ICICIDirect vs Motilal Oswal - Equity Delivery Margin No Delivery margin. Up to 4x leverage for equity delivery - via Margin Funding.
Equity Intraday Margin ICICIDirect vs Motilal Oswal - Equity Intraday Margin Upto 5x leverage for equity. Up to 20x leverage for equity Intraday.
Futures Margin ICICIDirect vs Motilal Oswal - Futures Margin Upto 2x leverage for futures. Up to 3x leverage for equity futures (of Required Margin).
Options Margin ICICIDirect vs Motilal Oswal - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. NO leverage for options shorting and option buying.
Equity CO Margin ICICIDirect vs Motilal Oswal - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. NO exposure.
Futures CO Margin ICICIDirect vs Motilal Oswal - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Up to 3x margin/leverage (of Required Margin) in CO order for future contracts.
Options CO Margin ICICIDirect vs Motilal Oswal - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. NO leverage for options shorting and option buying.
Commodity Margin ICICIDirect vs Motilal Oswal - Commodity Margin Info Not Available Up to 3x MIS Margin of SPAN, Complete SPAN is required for carry forward positions, 5x exposure on value+ product.
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Customer Service Offered

Compare ICICIDirect vs Motilal Oswal on Customer Service

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 Support - Compare ICICIDirect with Motilal Oswal
Customer Service Compare ICICIDirect Motilal Oswal
24/7 Customer Service ICICIDirect vs Motilal Oswal - 24x7 customer support No No
Email Support ICICIDirect vs Motilal Oswal - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Motilal Oswal - Onine Live Chat No No
Phone Support ICICIDirect vs Motilal Oswal - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Motilal Oswal - Toll Free Number No No
Through Branches ICICIDirect vs Motilal Oswal - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Motilal Oswal - Customer Care Number 33551122 91-22-39982515 / 67490600
Account Opening Process ICICIDirect vs Motilal Oswal - Account Opening Process Offline Online/Paperless
Customer Support Email ICICIDirect vs Motilal Oswal - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Motilal Oswal - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp https://www.motilaloswal.com/faq.aspx
Head Office Address ICICIDirect vs Motilal Oswal - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Website ICICIDirect vs Motilal Oswal - Company Website https://www.icicidirect.com https://www.motilaloswal.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Motilal Oswal on Research Reports, Tips

Compare ICICIDirect with Motilal Oswal on research reports and tips provided by broker.

Research Reports - Compare ICICIDirect with Motilal Oswal
  ICICIDirect Motilal Oswal
Research Mutual Funds ICICIDirect vs Motilal Oswal - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs Motilal Oswal - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs Motilal Oswal - Research ETF Yes Yes
Daily Market Report ICICIDirect vs Motilal Oswal - Daily Market Report Yes Yes
Free Tips ICICIDirect vs Motilal Oswal - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs Motilal Oswal - Quarterly Results Yes Yes
News Alerts ICICIDirect vs Motilal Oswal - Yes Yes
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Demat Account

Compare ICICIDirect vs Motilal Oswal on Demat Account

Compare ICICIDirect with Motilal Oswal on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with Motilal Oswal
  ICICIDirect Motilal Oswal
DP Source CDSL CDSL
DP ID ICICIDirect vs Motilal Oswal - DP ID 14300 10900
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a. 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
Statutory charges Stamp Duty at actuals NIL
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-) 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 Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates Rs.50/- per certificate + Rs. 50/- per request in all the scheme.
Remat Rs. 30 + CDSL actuals 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 0.03 % or minimum of Rs. 50/- Rs. 35/- per request in all scheme
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/- Nil
Pledge Closure 0.03 % or minimum of Rs. 50/- Rs. 35/- per request in all scheme
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/- Nil
Pledge Invocation 0.03 % or minimum of Rs. 50/- Rs. 35/- per request in all scheme
Failed Instruction Charges Rejection/Fails Rs.30/- Nil
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges. Demat Rejection Rs. 50/- per req./-

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Motilal Oswal on Special Offers and Promotion

Compare ICICIDirect with Motilal Oswal on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Motilal Oswal on Special Offers and Promotion
  ICICIDirect Motilal Oswal
Pay In and Pay Out Options ICICIDirect vs Motilal Oswal - 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 ICICIDirect vs Motilal Oswal - Payout Time Instance to ICICI Bank. Max 24 hrs except bank holidays.
Bank Supported and Charges ICICIDirect vs Motilal Oswal - 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
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

Detail Review...

  • More than 1900 branches in 500 cities.
  • Award Winning Research and advice by highly skilled advisors.
  • Robust online platforms, app for smartphones and tablets.
  • Fund transfer facility from more than 60 banks.
  • Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

Detail Review...

  • Inconsistent eMail/Online Support.
  • Hidden charges and catches in brokerage plans.
  • No brokerage plans available onsite.

Detail Review...

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 Trading and Demat Account & Rs 2000 joining bonus.
Enquiry Enquire about ICICIDirect Enquire about Motilal Oswal

Last Updated on 2019-07-08T23:24:28+00:00







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