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,... 
About Alice Blue
Founded in 2006, Alice Blue is a Bengaluru-based discount broker that offers trading services across equity, derivatives, and commodities on BSE, NSE, and MCX. Alice Blue also provides depository (Demat) services through its membership with CDSL.
Alice Blue follows a simple pricing model with flat brokerage plans. For equity delivery, brokerage is charged at ₹20 per executed order or 2.5% (whichev...
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 2006, Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 25 branches across India.
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 2006 |
| Number of Branches | 305 | 25 |
| Open Motilal Oswal Account | Open Alice Blue Account |
Motilal Oswal trading account opening charges is Rs 0 (Free) while Alice Blue account opening changes is Rs 0. Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Alice Blue Demat Account AMC Charges is Rs 0.
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 199 (Free for 1st Year) | Rs 0 |
Motilal Oswal Brokerage Charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Alice Blue brokerage charges for equity is Rs 20 per order or 2.5% whichever is lower and Intraday is Rs 20 per order or 0.05% whichever is lower.
| Account Type | Motilal Oswal Default Plan | Alice Blue Flat Rs 20 |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | Rs 20 per order or 2.5% whichever is lower |
| Equity Intraday | Rs 0 (Free for lifetime) | Rs 20 per order or 0.05% whichever is lower |
| Equity Futures | 0.02% | Rs 20 per order or 0.05% whichever is lower |
| Equity Options | Rs 20 per lot | Rs 20 per order |
| Currency Futures | Rs 20 per lot | Rs 20 per order or 0.05% whichever is lower |
| Currency Options | Rs 20 per lot | Rs 20 per order |
| Commodity Futures | 0.02% | Rs 20 per order or 0.05% whichever is lower |
| Commodity Options | Rs 200 Per Lot | Rs 20 per order |
| Special Offer | Special Offer: FREE Account Opening| ₹0 Brokerage for 30 Days (up to ₹1000)| Advisory & Research| Free 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Special Offer: Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| Minimum Brokerage | Rs 25 for Delivery | Rs 20 |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 50 per executed order |
| Open Motilal Oswal Account | Open Alice Blue Account |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Alice Blue margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up 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) |
| Open Motilal Oswal Account | Open Alice Blue Account |
The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Alice Blue offers ANT, 1lyOption trading software.
| Motilal Oswal | Alice Blue | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE | ANT, 1lyOption |
| Intraday Square-off Time | Equity: 3:15 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Smart Alice, Equity SIP | |
| Open Motilal Oswal Account | Open Alice Blue Account |
Motilal Oswal is rated of 5 based on 153 customer reviews whereas Alice Blue is rated of 5 based on 40 customer reviews.
| Motilal Oswal | Alice Blue | |
|---|---|---|
153 Customer Reviews  | 40 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating |  |  |
| Broker Rating | Motilal Oswal is Rated 2.2 / 5 based on 153 customer reviews | Alice Blue is Rated 3.1 / 5 based on 40 customer reviews |
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Contact Broker | FREE Account Opening| ₹0 Brokerage for 30 Days (up to ₹1000)| Advisory & Research| Free 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Motilal Oswal Account | Open Alice Blue Account |
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Motilal Oswal | Alice Blue | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Motilal Oswal Special OfferFREE Account Opening (for a limited time only)
| Alice Blue Special OfferExperience transparent pricing with no hidden fees at Alice Blue
|
| Open Motilal Oswal Account | Open Alice Blue Account |
Expand all
Open Motilal Oswal Account