Zerodha > Trade @ ₹20 (Free Delivery)Know More
Free Delivery, Others @ flat ₹15
PS www.ProStocks.com
Free Account Opening + AMC Free Demat
CompareArticlesReportsGlossaryComplaints
ZerodhaAngel OneKotak SecuritiesMotilal Oswal * ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstock

Motilal Oswal Vs Firstock NRI Account Comparison

The side-by-side comparison of Motilal Oswal and Firstock NRI Account. Compare Motilal Oswal Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and Motilal Oswal NRI Account reviews.

Find out Motilal Oswal Vs Firstock which is better NRI Trading Account. See Motilal Oswal Vs Firstock which is best NRI Demat Account.

Our Motilal Oswal Securities Ltd comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between Motilal Oswal and Firstock NRI Account.

Motilal Oswal Vs Firstock

 Motilal OswalFirstock
 
Motilal Oswal ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Firstock ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 Motilal Oswal LogoFirstock Logo
About the BrokerMotilal Oswal is one of the most trusted and experienced financial services companies in India. With over three decades of experience, the financial services provider offers comprehensive financial solutions to NRIs across the globe. Motilal Oswal of...Know more about Motilal Oswal Securities LtdFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI Investment AccountEquity (PIS)
Special Offer
Special Offer: Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.
Special Offer: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
Expand

Motilal Oswal Vs Firstock Charges

 Motilal OswalFirstock
NRI Account Opening FeesFree
NRI Account AMCRs 999
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 199 (Free for 1st Year)Rs 0 (Free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Motilal Oswal AccountOpen Firstock Account
Expand

Motilal Oswal Vs Firstock NRI Account Brokerage Comparison

Account TypeMotilal Oswal NRI Investment AccountFirstock Equity (PIS)
Equity Delivery0.50%0.5% or Rs 200 per order, whichever is lower
Equity Futures0.05%Rs 100 per executed order
Equity OptionsRs 100Rs 100 per executed order
Open Motilal Oswal AccountOpen Firstock Account

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesEquity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
TDS Charges on Long Term Gain (Holding > 365 Days)11.96%11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days)17.94%17.94%
Expand

Motilal Oswal Vs Firstock NRI Account Taxes/Fees

 Motilal OswalFirstock
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% on delivery based turnover and 0.002% on non-delivery based turnover.0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
Expand

Motilal Oswal Vs Firstock NRI Account Margin

 Motilal Oswal MarginFirstock Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

Expand

Motilal Oswal and Firstock NRI Account Features

 Motilal OswalFirstock
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
Open Motilal Oswal AccountOpen Firstock Account
Expand

Motilal Oswal Vs Firstock NRI Account Review

 Motilal Oswal ReviewFirstock Review
 152 Customer Reviews    Rate Motilal Oswal1 Customer Reviews    Rate Firstock
FeesRated 2.6 starsRated 3.0 stars
BrokerageRated 2.1 starsRated 3.0 stars
Trading PlatformRated 2.8 starsRated 3.0 stars
Customer ServiceRated 2.4 starsRated 3.0 stars
Overall RatingRated 2.2 starsRated 3.0 stars
Broker RatingMotilal Oswal is Rated 2.2 / 5 based on 152 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
Open Motilal Oswal AccountOpen Firstock Account
Expand

Contact Broker / Request A Call Back

 Motilal Oswal EnquireMotilal Oswal Enquire
Contact Broker
Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
*

Motilal Oswal Vs Firstock NRI Investment Options

 Motilal OswalFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment OptionsUnlisted Equity (Stocks), ETF, Ready-made Investment Portfolios (IAP), Smallcases, Stock baskets
Expand

Motilal Oswal Vs Firstock NRI Customer Service

 Motilal OswalFirstock
Customer Care Number
Customer Care Email
Open Motilal Oswal AccountOpen Firstock Account
Expand

Motilal Oswal Vs Firstock Order Type Offered for NRI Account

 Motilal OswalFirstock
Bracket OrderNoNo
Cover OrderNoNo
After Market Order (AMO)NoNo
Good Till Cancelled (GTC)NoNo
Expand

Motilal Oswal Vs Firstock - NRI Account Advantages and Disadvantages

 Motilal OswalFirstock
Pros
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

Cons
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
Conclusion

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

Promo / Offers

Motilal OswalSpecial Offer

FREE Account Opening (for a limited time only)

  • Flat Brokerage Rs 20/lot,
  • FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

Open Motilal Oswal AccountOpen Firstock Account
special_offers
By Popular Stock Brokers
Zerodha Review  Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O

Open Free Demat Account

Angel Broking Review  AngelOne

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open FREE Demat Account

Motilal Oswal Review Motilal Oswal

30 days brokerage free trading
Free - Personal Trading Advisor

Open Account

Kotak Securities Review  Kotak Securities
    (Trade Free Plan)

Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O

Open Online Demat Account

Upstox Review  Upstox

FREE Account Opening
Flat ₹20 Per Trade

Enquire Now

ProStocks Review  ProStocks

Unlimited @ ₹899/month
Rs 0 Demat AMC

Open FREE Account

Fyers Review  Fyers

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

Paytm Money Review  Paytm Money
Paytm Money QR Code

Pay ₹0 brokerage for first 10 days

Flat ₹20 Per Trade

Open Instant Account Now!

5paisa Review  5paisa

Free Account Opening
Flat ₹20 Per Trade

Open Free Demat Account

Open an Instant Account with Zerodha