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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

Upstox Logo

About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Motilal Oswal Vs Upstox

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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

 Motilal OswalUpstox
Type of BrokerFull Service BrokerDiscount Broker
Exchnage MembershipBSE, NSE, MCXBSE, NSE, MCX
Year of Incorporation19872012
Number of Branches3054
Open Motilal Oswal AccountOpen Upstox Account

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Motilal Oswal Vs Upstox Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Upstox Demat Account AMC Charges is Rs 150.

 Motilal OswalUpstox
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs 0Rs 0 (Free)
Demat Account Opening ChargesRs 0Rs 0 (Free)
Demat Account AMC ChargesRs 199 (Free for 1st Year)Rs 150

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Motilal Oswal Vs Upstox Brokerage

Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account TypeMotilal Oswal Default PlanUpstox Default
Fixed ChargesNANA
Equity Delivery0.20%Rs 20 per executed order or 2.5% whichever is low
Equity IntradayRs 0 (Free for lifetime)Rs 20 per executed order or 0.05% whichever is lower
Equity Futures0.02%Rs 20 per executed order or 0.05% whichever is lower
Equity OptionsRs 20 per lotRs 20 per executed order
Currency FuturesRs 20 per lotRs 20 per executed order or 0.05% whichever is lower
Currency OptionsRs 20 per lotRs 20 per executed order
Commodity Futures0.02%Rs 20 per executed order or 0.05% 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.
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Motilal Oswal Charges Vs Upstox

Minimum BrokerageRs 25 for Delivery0.05%
Other ChargesAuto Square-off Charges: Rs 50
Call & Trade ChargesFreeRs 20 per trade
Open Motilal Oswal AccountOpen Upstox Account

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Motilal Oswal Vs Upstox Leverage (Margin)

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

 Motilal OswalUpstox
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)
Open Motilal Oswal AccountOpen Upstox Account

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Compare Motilal Oswal and Upstox Features

The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

 Motilal OswalUpstox
3 in 1 AccountNoNo
Automated TradingYesYes
Margin Trading FundingYesYes
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)YesYes
Trading PlatformMO Investor App, MO Trader App, MO Trader Web, MO Trader EXEUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time3:00 PM
Trading In SME Shares Allowed?NoYes
Referral ProgramYesYes
Other FeaturesOption strategy builder
Open Motilal Oswal AccountOpen Upstox Account

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Motilal Oswal Vs Upstox Review

Motilal Oswal is rated of 5 based on 152 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

 Motilal OswalUpstox
 152 Customer Reviews    Rate Motilal Oswal149 Customer Reviews    Rate Upstox
FeesRated 2.6 starsRated 3.3 stars
BrokerageRated 2.1 starsRated 3.3 stars
Trading PlatformRated 2.8 starsRated 2.6 stars
Customer ServiceRated 2.4 starsRated 2.3 stars
Research CapabilitiesRated 2.3 starsRated 2.2 stars
Overall RatingRated 2.2 starsRated 2.4 stars
Broker RatingMotilal Oswal is Rated 2.2 / 5 based on 152 customer reviewsUpstox is Rated 2.4 / 5 based on 149 customer reviews

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Contact Broker / Request A Call Back

 Motilal OswalUpstox
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.
Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Motilal Oswal Vs Upstox Investment Options

 Motilal OswalUpstox
Stock / EquityYesYes
CommodityYesYes
IPOYesYes
Mutual FundsYesNo
Bond / NCDYesNo
DebtYesNo

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Motilal Oswal Vs Upstox Order Type Offered

 Motilal OswalUpstox
Bracket OrderYesNo
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)YesNo
Sell Today Buy Tomorrow (STBT)YesNo
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)YesYes
Open Motilal Oswal AccountOpen Upstox Account

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Motilal Oswal Vs Upstox Suitable For Investor Type

 Motilal OswalUpstox
Casual InvestorNoYes
Active InvestorNoYes
TraderYesYes

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Motilal Oswal Vs Upstox - Pros and Cons

 Motilal OswalUpstox
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
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  • Very high brokerage across all trading segments compared to other full-service brokers like Angel Broking, Edelweiss, Sharekhan, and IIFL.
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
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.

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Motilal Oswal AccountOpen Upstox Account


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