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Motilal Oswal Logo

About Motilal Oswal
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso... Know more about Motilal Oswal

Dhan Logo

About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to create wealth, and Dhan is committed to providing these options. Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL as well as NSE, BSE and MCX stock exchanges. Dhan offers a variety of products including Stocks, ETFs, Options, Futures and Commoditi... Know more about Dhan

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Motilal Oswal Vs Dhan

Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

 Motilal OswalDhan
Type of BrokerFull Service BrokerDiscount Broker
Exchnage MembershipBSE, NSE, MCXBSE, NSE, MCX
Year of Incorporation19872021
Number of Branches3051
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Motilal Oswal Vs Dhan Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 (Free) while Dhan account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Dhan Demat Account AMC Charges is ₹0 (Lifetime Zero AMC).

 Motilal OswalDhan
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs 0₹0 (Free)
Demat Account Opening ChargesRs 0Rs 0 (Free)
Demat Account AMC ChargesRs 199 (Free for 1st Year)₹0 (Lifetime Zero AMC)

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Motilal Oswal Vs Dhan Brokerage

Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.

Account TypeMotilal Oswal Default PlanDhan Flat Rate Plan
Fixed ChargesNARs 0 or Nill
Equity Delivery0.20%Rs. 0
Equity IntradayRs 0 (Free for lifetime)Rs 20 or 0.03% of trade value, whichever is lower
Equity Futures0.02%Rs 20 or 0.03% of trade value, whichever is lower
Equity OptionsRs 20 per lotRs 20 per executed order
Currency FuturesRs 20 per lotRs 20 per executed order or 0.03% of trade value
Currency OptionsRs 20 per lotRs 20 per executed order
Commodity Futures0.02%Rs 20 or 0.03% of trade value, whichever is lower
Commodity OptionsRs 200 Per LotRs 20 per executed order
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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Motilal Oswal Charges Vs Dhan

Minimum BrokerageRs 25 for DeliveryRs 20
Other Charges
Call & Trade ChargesFreeRs 50 per order
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Motilal Oswal Vs Dhan Leverage (Margin)

Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Dhan margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

 Motilal OswalDhan
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp to 20% of trade value (5x leverage)Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)100% of NRML margin (Span + Exposure) (1x leverage)100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Motilal Oswal and Dhan Features

The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.

 Motilal OswalDhan
3 in 1 AccountNoYes
Automated TradingYesYes
Margin Trading FundingYesYes
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)YesYes
Trading PlatformMO Investor App, MO Trader App, MO Trader Web, MO Trader EXEDhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API
Intraday Square-off Time3:20 PM
Trading In SME Shares Allowed?NoYes
Referral ProgramYesYes
Other FeaturesAPIs for Algo Trading, smallcases on Dhan
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Motilal Oswal Vs Dhan Review

Motilal Oswal is rated of 5 based on 152 customer reviews whereas Dhan is rated of 5 based on 29 customer reviews.

 Motilal OswalDhan
 152 Customer Reviews    Rate Motilal Oswal29 Customer Reviews    Rate Dhan
FeesRated 2.6 starsRated 4.1 stars
BrokerageRated 2.1 starsRated 3.3 stars
Trading PlatformRated 2.8 starsRated 3.5 stars
Customer ServiceRated 2.4 starsRated 2.4 stars
Research CapabilitiesRated 2.3 starsRated 2.8 stars
Overall RatingRated 2.2 starsRated 3.1 stars
Broker RatingMotilal Oswal is Rated 2.2 / 5 based on 152 customer reviewsDhan is Rated 3.1 / 5 based on 29 customer reviews

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Contact Broker / Request A Call Back

 Motilal OswalDhan
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.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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Motilal Oswal Vs Dhan Investment Options

 Motilal OswalDhan
Stock / EquityYesYes
CommodityYesYes
IPOYesYes
Mutual FundsYesYes
Bond / NCDYesYes
DebtYesNo

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Motilal Oswal Vs Dhan Order Type Offered

 Motilal OswalDhan
Bracket OrderYesYes
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)YesNo
Sell Today Buy Tomorrow (STBT)YesNo
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)YesYes
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Motilal Oswal Vs Dhan Suitable For Investor Type

 Motilal OswalDhan
Casual InvestorNoNo
Active InvestorNoYes
TraderYesYes

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Motilal Oswal Vs Dhan - Pros and Cons

 Motilal OswalDhan
Pros
  1. 35+ years of Trading and Investing experience - Known for their Research in the industry and Wealth Creation Studies by Mr Raamdeo Agarwal who is also known as the "Warren Buffett of India"
  2. Free Equity Intraday Trading for Lifetime.
  3. Free 1st Month FnO Brokerage up to Rs 1,000
  4. Wide range of investment options - Stocks, Derivatives (Futures & Options), commodities, currencies, IPO, mutual funds, insurance, fixed deposits, Gold, US stocks, Sovereign Gold Bonds, Smallcase expert-curated ready investment baskets, and Intelligent Advisory Portfolios
  5. Investors can also buy shares of unlisted companies through PMS services offered by Motilal Oswal
  6. Up to 4X margin on a select range of stocks to make the most of your capital
  7. Free daily expert research and advisory calls along with a Personal Advisor to help you invest
  8. Free Trading Software - Different Apps for Investors and Traders
  9. Access to Options Store - Multi-leg options strategy, powered by expert mind and AI algorithm
  10. Access to MO Exclusive Smallcase - MO expert-curated small cases for all beginners
  11. Stock SIP feature - invest regularly in a stock you love
  12. Free and early access to Investor Community - StoCoMo
  • Safe, reliable, and technologically first online broker.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free account opening.
  • AMC free demat account.
  • Free equity delivery trades.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offers 3-in-1 account for ICICI bank users.
Cons
  • Very high brokerage across all trading segments compared to other full-service brokers like Angel Broking, Edelweiss, Sharekhan, and IIFL.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 20 per order.
  • It does not offer monthly unlimited trading plans.
Reviews
Promo / Offers

Motilal Oswal Special 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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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