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Motilal Oswal Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of Fyers ranges between Rs 20. Motilal Oswal is a Full Service Broker where Fyers 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 8,74,230 where number of active customer for Fyers is 2,19,169. Motilal Oswal is serving more customer compare to Fyers.

Here we present side-by-side comparison of Motilal Oswal vs Fyers 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 Fyers'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 Fyers 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 Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare Motilal Oswal vs Fyers on Service

  Motilal Oswal Compare
Motilal Oswal
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 8,74,230 2,19,169
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. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

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

Comparison of Motilal Oswal with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Fyers
Charges Motilal Oswal Fyers
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] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Fyers on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs Fyers on Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Motilal Oswal with Fyers
Brokerage Charges Compare Motilal Oswal Fyers
Plan Name Default Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures 0.02% 0.03% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures Rs 20 per lot 0.03% or Rs 20 whichever is lower
Currency Options Rs 20 per lot Flat Fee Rs 20
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 18% interest PA No
Call & Trade Charges NA Rs 50 Per Order
Auto Square off Charges NA Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Fyers on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with Fyers
Transaction Charges Compare Motilal Oswal Fyers
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 fyers
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Account Features

Compare Motilal Oswal vs Fyers on Account Features

Compare Motilal Oswal with Fyers 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 - Fyers offers Algo Trading where Motilal Oswal doesn't offers Algo Trading. Margin Funding - Motilal Oswal offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - Motilal Oswal offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Motilal Oswal with Fyers
Account Features Compare Motilal Oswal Fyers
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Motilal Oswal vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Fyers. 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 with Fyers
Trading Platform Compare Motilal Oswal Fyers
Desktop Trading Platform Orion Lite Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App MO Trader Fyers 2.0 Mobile App
Mobile Trading App Demo MO Trader Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS Fyers 2.0 Mobile App 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 Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Motilal Oswal vs Fyers on User Rating

  Motilal Oswal Fyers
  57 Customer Reviews    Rate Motilal Oswal 10 Customer Reviews    Rate Fyers
Fees Ratings 3.2 3.5
Trading Brokerage Rating 2.6 3.6
Trading Platform Usability 3.2 3.6
Customer Service Ratings 3.0 3.4
Overall Ratings 3.0 3.2
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Fyers on Investment Offerings

Compare Motilal Oswal with Fyers 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where Fyers doesn't offer

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

Compare Motilal Oswal vs Fyers on Order Types

Order Type - Compare Motilal Oswal with Fyers 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 Types - Compare Motilal Oswal with Fyers
Order Type Compare Motilal Oswal Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs Fyers on Customer Service

Compare Motilal Oswal with Fyers 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 Support - Compare Motilal Oswal with Fyers
Customer Service Compare Motilal Oswal Fyers
24/7 Customer Service Motilal Oswal vs Fyers - 24x7 customer support No No
Email Support Motilal Oswal vs Fyers - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs Fyers - Onine Live Chat No No
Phone Support Motilal Oswal vs Fyers - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs Fyers - Toll Free Number No No
Through Branches Motilal Oswal vs Fyers - Through Branches Yes No
Customer Care Number Motilal Oswal vs Fyers - Customer Care Number 022 40548000/022 67490600 08060001111
Account Opening Process Motilal Oswal vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Motilal Oswal vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs Fyers - Knowledge Center/Education https://edumo.motilaloswal.com/ https://fyers.in/school-of-stocks/
Head Office Address Motilal Oswal vs Fyers - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Motilal Oswal vs Fyers - Company Website https://www.motilaloswal.com/ https://fyers.in/
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Tips/Research/Reports Published

Compare Motilal Oswal vs Fyers on Research Reports, Tips

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

Research Reports - Compare Motilal Oswal with Fyers
  Motilal Oswal Fyers
Research Mutual Funds Motilal Oswal vs Fyers - Research Mutual Funds Yes No
Research Equity Reports Motilal Oswal vs Fyers - Research Equity Reports Yes No
Research ETF Motilal Oswal vs Fyers - Research ETF Yes No
Daily Market Report Motilal Oswal vs Fyers - Daily Market Report Yes No
Free Tips Motilal Oswal vs Fyers - Free Tips Yes No
Quarterly Result Analysis Motilal Oswal vs Fyers - Quarterly Results Yes No
News Alerts Motilal Oswal vs Fyers - Yes Yes
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Demat Account

Compare Motilal Oswal vs Fyers on Demat Account

Compare Motilal Oswal with Fyers 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 Fyers is Free where for Motilal Oswal is ₹400 pa. Fyers 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 Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.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

Demat Charges - Compare Motilal Oswal with Fyers
  Motilal Oswal Fyers
DP Source CDSL CDSL
DP ID Motilal Oswal vs Fyers - DP ID 10900 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹50 per certificate + ₹50 courier charges ₹0
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹0
Pledge Creation ₹35 Nil
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹35 Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹35 Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Fyers on Special Offers and Promotion

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

Compare Motilal Oswal vs Fyers on Special Offers and Promotion
  Motilal Oswal Fyers
Pay In and Pay Out Options Motilal Oswal vs Fyers - Pay In and Pay Out Options 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 Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Motilal Oswal vs Fyers - Payout Time Max 24 hrs except bank holidays. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Motilal Oswal vs Fyers - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Info Not Available Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

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;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

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)
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-09-14T05:03:12+00:00