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Flat ₹10 per Trade in Intraday & F&O
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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... 
About Firstock
Incorporated in 2021, Firstock Broking Private Limited is a next-generation investment and trading platform revolutionising discount broking in India through technology-led innovation. Firstock is built on a vision to make financial services more accessible, efficient, and user-friendly.
With a strong focus on a customer-centric and tech-first approach, the platform simplifies the trading experience through an intuitive and self-educating interface.
Trusted by over 25,000 active users, Firstock ...
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, Firstock is a Discount Broker. It offers trading at BSE, NSE. It has branches across India.
| Motilal Oswal | Firstock | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE |
| Year of Incorporation | 1987 | 2021 |
| Number of Branches | 305 | |
| Open Motilal Oswal Account | Open Firstock Account |
Motilal Oswal trading account opening charges is Rs 0 (Free) while Firstock account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Firstock Demat Account AMC Charges is Rs 0 (Free).
| Motilal Oswal | Firstock | |
|---|---|---|
| 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) | Rs 0 (Free) |
Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Firstock brokerage charges for equity is Rs 0 and intraday is Rs 20 per executed order.
| Account Type | Motilal Oswal Default Plan | Firstock |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | Rs 0 |
| Equity Intraday | Rs 0 (Free for lifetime) | Rs 20 per executed order |
| Equity Futures | 0.02% | Rs 20 per order, 0.03% or whichever is lower |
| Equity Options | Rs 20 per lot | Rs 20 per order, 0.03% or whichever is lower |
| Currency Futures | Rs 20 per lot | |
| Currency Options | Rs 20 per lot | |
| Commodity Futures | 0.02% | |
| Commodity Options | Rs 200 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. | 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. |
| Minimum Brokerage | Rs 25 for Delivery | Rs 20 |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 50 |
| Open Motilal Oswal Account | Open Firstock Account |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Firstock margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | Firstock | |
|---|---|---|
| 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 Firstock Account |
The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Firstock offers Firstock - Trade & Invest: Mobile App, Desktop Exe, Firstock Web trading software.
| Motilal Oswal | Firstock | |
|---|---|---|
| 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 | Firstock - Trade & Invest: Mobile App, Desktop Exe, Firstock Web |
| Intraday Square-off Time | 3:25 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | APIs for Algo Trading | |
| Open Motilal Oswal Account | Open Firstock Account |
Motilal Oswal is rated of 5 based on 152 customer reviews whereas Firstock is rated of 5 based on 1 customer reviews.
| Motilal Oswal | Firstock | |
|---|---|---|
152 Customer Reviews  | 1 Customer Reviews | |
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| Broker Rating | Motilal Oswal is Rated 2.2 / 5 based on 152 customer reviews | Firstock is Rated 3.0 / 5 based on 1 customer reviews |
| Motilal Oswal | Firstock | |
|---|---|---|
| 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 | Firstock | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Motilal Oswal | Firstock | |
|---|---|---|
| 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 Firstock Account |
| Motilal Oswal | Firstock | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Motilal Oswal | Firstock | |
|---|---|---|
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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. | Firstock Special OfferUnlimited Trades @ ZERO Brokerage on Delivery trades
This is a limited-time offer. Open a Free Demat Account online and start trading today. |
| Open Motilal Oswal Account | Open Firstock Account |
Open Motilal Oswal Account