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 Anand Rathi
Incorporated in 1994, Anand Rathi is one of the leading financial and investment service providers in India. Anand Rathi is a full-service broker. It offers a wide range of investment services including broking services for equities, commodities, IPOs, currency, derivatives, structure products, bonds and smart baskets.
Anand Rathi also offers insurance, corporate deposits and loans, portfolio man...
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 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, & NCDEX. It has 1200 branches across India.
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | NSE, BSE, MCX, & NCDEX |
| Year of Incorporation | 1987 | 1994 |
| Number of Branches | 305 | 1200 |
| Open Motilal Oswal Account |
Motilal Oswal trading account opening charges is Rs 0 (Free) while Anand Rathi account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Anand Rathi Demat Account AMC Charges is 450 + GST 18% = 532 (1st year free).
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 199 (Free for 1st Year) | 450 + GST 18% = 532 (1st year free) |
Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Anand Rathi brokerage charges for equity is 0.20% and intraday is 0.02%.
| Account Type | Motilal Oswal Default Plan | Anand Rathi Standard Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.20% | 0.20% |
| Equity Intraday | Rs 0 (Free for lifetime) | 0.02% |
| Equity Futures | 0.02% | 0.02% |
| Equity Options | Rs 20 per lot | Rs 50 per lot |
| Currency Futures | Rs 20 per lot | 0.02% |
| Currency Options | Rs 20 per lot | Rs 20 per lot |
| Commodity Futures | 0.02% | 0.02% |
| Commodity Options | Rs 200 Per Lot | Rs 100 per lot |
| 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. |
| Minimum Brokerage | Rs 25 for Delivery | Rs 25 |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 0 (Free) |
| Open Motilal Oswal Account |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Anand Rathi margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| 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 |
The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Anand Rathi offers TradeMobi, Trade Xpress+ and Tr@de X’pro trading software.
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| 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 | TradeMobi, Trade Xpress+ and Tr@de X’pro |
| Intraday Square-off Time | 3:15 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Motilal Oswal Account |
Motilal Oswal is rated of 5 based on 153 customer reviews whereas Anand Rathi is rated of 5 based on 18 customer reviews.
| Motilal Oswal | Anand Rathi | |
|---|---|---|
153 Customer Reviews  | 18 Customer Reviews | |
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| Broker Rating | Motilal Oswal is Rated 2.2 / 5 based on 153 customer reviews | Anand Rathi is Rated 2.9 / 5 based on 18 customer reviews |
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| 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. |
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| 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 |
| Motilal Oswal | Anand Rathi | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Motilal Oswal | Anand Rathi | |
|---|---|---|
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| Promo / Offers | Motilal Oswal Special OfferFREE Account Opening (for a limited time only)
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
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| Open Motilal Oswal Account |
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Open Motilal Oswal Account