ICICIdirect Vs Motilal Oswal (Compare ICICIdirect and Motilal Oswal)

ICICIdirect Vs Motilal Oswal

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India.

	ICICIdirect	Motilal Oswal
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	1987
Number of Branches	154	305
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ICICIdirect Vs Motilal Oswal Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Motilal Oswal account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year).

	ICICIdirect	Motilal Oswal
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 199 (Free for 1st Year)

ICICIdirect Vs Motilal Oswal Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime).

Account Type	ICICIdirect ICICI Neo Plan	Motilal Oswal Default Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.20%
Equity Intraday	Rs 20 per order	Rs 0 (Free for lifetime)
Equity Futures	Rs 0 (Free)	0.02%
Equity Options	Rs 20 per order	Rs 20 per lot
Currency Futures	Rs 20 per order	Rs 20 per lot
Currency Options	Rs 20 per order	Rs 20 per lot
Commodity Futures	Rs 20 per order	0.02%
Commodity Options	Rs 20 per order	Rs 200 Per Lot
Special Offer	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.	Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

ICICIdirect Vs Motilal Oswal Brokerage Plan 2

	ICICIdirect	Motilal Oswal
Account Type	I-Secure Plan	Default Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.20%
Equity Intraday	0.275%	Rs 0 (Free for lifetime)
Equity Futures	0.05%	0.02%
Equity Options	Rs 95 per lot	Rs 20 per lot
Currency Futures	Rs 20 per order	Rs 20 per lot
Currency Options	Rs 20 per order	Rs 20 per lot
Commodity Futures	Rs 20 per order	0.02%
Commodity Options	Rs 20 per order	Rs 200 Per Lot
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ICICIdirect Charges Vs Motilal Oswal

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 25 for Delivery
Other Charges	Margin Trading Interest: 0.025% Per day
Call & Trade Charges	Rs 50 per trade	Free

ICICIdirect Vs Motilal Oswal Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Motilal Oswal exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

	ICICIdirect	Motilal Oswal
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	MCX: Rs 250 per Cr (0.0025%)
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ICICIdirect Vs Motilal Oswal Leverage (Margin)

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

	ICICIdirect	Motilal Oswal
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)
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Compare ICICIdirect and Motilal Oswal Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Motilal Oswal offers MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE trading software.

	ICICIdirect	Motilal Oswal
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE
Intraday Square-off Time	3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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ICICIdirect Vs Motilal Oswal Review

ICICIdirect is rated 2.3 of 5 based on 482 customer reviews whereas Motilal Oswal is rated 2.2 of 5 based on 143 customer reviews.

	ICICIdirect	Motilal Oswal
	482 Customer Reviews	143 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.3 of 5 based on 482 customer reviews	Motilal Oswal is rated 2.2 of 5 based on 143 customer reviews

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ICICIdirect Vs Motilal Oswal Investment Options

	ICICIdirect	Motilal Oswal
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS	PMS, Fixed Deposits, Insurance

ICICIdirect Vs Motilal Oswal Order Type Offered

	ICICIdirect	Motilal Oswal
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICIdirect Vs Motilal Oswal Research Report

	ICICIdirect	Motilal Oswal
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Motilal Oswal Suitable For Investor Type

	ICICIdirect	Motilal Oswal
Casual Investor
Active Investor
Trader

ICICIdirect Vs Motilal Oswal - Pros and Cons

	ICICIdirect	Motilal Oswal
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	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" Free Equity Intraday Trading for Lifetime. Free 1st Month FnO Brokerage up to Rs 1,000 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 Investors can also buy shares of unlisted companies through PMS services offered by Motilal Oswal Up to 4X margin on a select range of stocks to make the most of your capital Free daily expert research and advisory calls along with a Personal Advisor to help you invest Free Trading Software - Different Apps for Investors and Traders Access to Options Store - Multi-leg options strategy, powered by expert mind and AI algorithm Access to MO Exclusive Smallcase - MO expert-curated small cases for all beginners Stock SIP feature - invest regularly in a stock you love Free and early access to Investor Community - StoCoMo
Cons	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Very high brokerage across all trading segments compared to other full-service brokers like Angel Broking, Edelweiss, Sharekhan, and IIFL.
Reviews
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