ICICI Direct vs Motilal Oswal – Compare Charges, Trading Features, Offers & more

Find a Comparison of ICICI Direct vs Motilal Oswal here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of ICICI Direct and Motilal Oswal.

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ICICI Direct vs Motilal Oswal – Company Overview

Company Overview ICICI Direct Motilal Oswal
Company Type Public Public
Headquarters Mumbai Mumbai
Founder Vjay Chandok Motilal Oswal, Raamdeo Agrawal
Establishment Year 1994 1987

Compare the Brokerage of ICICI Direct and Motilal Oswal

Brokerage ICICI Direct Motilal Oswal
Brokerage Plan Neo Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery 0.27% of Total Transaction 0.20% of Transaction Value
Equity Intraday Rs.20 per Trade 0.02% of Transaction Value
Equity Future Free 0.02% of Transaction Value
Equity Option Rs.20 per Trade Rs.20 per Lot
Commodity Future Rs.20 per Trade 0.02% of Transaction Value
Commodity Option Rs.20 per Trade Rs.20 per Lot
Currency Future Rs.20 per Trade 0.02% of Transaction Value
Currency Option Rs.20 per Trade Rs.20 per Lot

ICICI Direct vs Motilal Oswal – Trading Platforms

Trading Platforms ICICI Direct Motilal Oswal
Android App ICICI Direct Android App Link Motilal Oswal Android App Link
iOS App ICICI Direct iOS App Link Motilal Oswal iOS App Link
Web Trading Platform ICICI Direct Web Trading Link Motilal Oswal Web Trading Link
Trading Terminal Available Available
Algo Trading Platform Available Available
Foreign Stocks Trading Platform NA Available
Basket Trading Platform Available Available
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform Available Available
Bonds Investment Platform Available Available

Comparison of ICICI Direct and Motilal Oswal – Trading Features

Trading Features ICICI Direct Motilal Oswal
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports Yes Yes
Global indices Yes Yes
Customised Recommendations Yes Yes
Stock tips Yes Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No Yes
Robust & Secure Platform Yes Yes

Compare ICICI Direct vs Motilal Oswal Offers

Offers ICICI Direct Motilal Oswal
Free Account Opening Yes Yes
Free AMC No 1st Year Free
Free Brokerage Yes No
Flat Brokerage Yes, Limited No
Flexible Brokerage Plans Yes Yes
Happy Trading Hours Yes No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading Yes No
Free Research Reports Yes Yes
Free Trading calls Yes Yes
Referral Offers Rs.500 per Client Upto Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback Yes Yes
Zero Brokerage for Loss Making Trades No No

ICICI Direct vs Motilal Oswal – Products Provided

Products Provided ICICI Direct Motilal Oswal
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No Yes
Mutual Funds Yes Yes
Banking Yes No
Insurance Yes No
Corporate Bonds Yes Yes
Govt. Bonds Yes Yes
Digital Gold No Yes

ICICI Direct vs Motilal Oswal – Services Provided

Services Provided ICICI Direct Motilal Oswal
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account Yes No
Stock Research Yes Yes
Stock Recommendations Yes Yes
Trading Institution Yes, iLearn No
Share Pledging Yes Yes
PMS or PCG Yes Yes
NRI Services Yes Yes

Compare ICICI Direct and Motilal Oswal Advisory

Advisory ICICI Direct Motilal Oswal
Fundamental Reports Yes Yes
Research Reports Yes Yes
Company Reports Yes Yes
Annual Reports Yes Yes
IPO Reports Yes Yes
Technical Reports Yes Yes
Stock Tips Yes Yes
Daily Top Stock Picks Yes Yes
Daily Market Review Yes Yes
Monthly Review Yes Yes
Weekly Review Yes Yes
Relationship Manager Yes Yes
Robo Advisory No No

Comparison of ICICI Direct and Motilal Oswal Exposure

Exposure ICICI Direct Motilal Oswal
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of ICICI Direct & Motilal Oswal

Programs ICICI Direct Motilal Oswal
Sub Broker Program Yes Yes
Partner Program Yes Yes
Referral Program Yes Yes

ICICI Direct vs Motilal Oswal – Ratings by Finec

Ratings ICICI Direct Motilal Oswal
Overall Rating 9.65 / 10 9.17 / 10
Customer Support 9.61 / 10 9.13 / 10
Technology 9.77 / 10 9.28 / 10
Charges 9.69 / 10 9.21 / 10
Products & Service 9.60 / 10 9.12 / 10
Experience 9.58 / 10 9.10 / 10

Compare Customer Support of ICICI Direct and Motilal Oswal

Customer Support ICICI Direct Motilal Oswal
Trading Support Available, Free Available, Free
Dedicated Dealer Available, Free Available, Free
Call Support 1860-123-1122 022-40548000, 022-67490600
Email Support helpdesk@icicidirect.com query@motilaloswal.com
Whatsapp Support NA 8657075050
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link Telegram Support Link
Branches / Offices Available Available

Comparison of ICICI Direct & Motilal Oswal Complaints

Complaints ICICI Direct Motilal Oswal
Total Complaints Lodged 402 348
Total Complaints Resolved 337 298
% of Resolved Complaints 83.83% 85.63%
Non Actionable Complaints 16 6
% of Non Actionable Complaints 3.98% 1.72%

Compare Demat Charges of ICICI Direct vs Motilal Oswal

Demat Charges ICICI Direct Motilal Oswal
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.300 per Year Rs.300 per Year (1st Year Free)

ICICI Direct vs Motilal Oswal – Compare STT & CTT

STT & CTT ICICI Direct Motilal Oswal
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of ICICI Direct and Motilal Oswal

Stamp Duty ICICI Direct Motilal Oswal
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

ICICI Direct vs Motilal Oswal – Transaction Charges

Transaction Charges ICICI Direct Motilal Oswal
Equity Delivery 0.00325% (NSE) & As per Stock (BSE) 0.00340% (NSE) & As per Stock (BSE)
Equity Intraday 0.00325% (NSE) & As per Stock (BSE) 0.00340% (NSE) & As per Stock (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.053% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00022% (BSE) 0.0009% (NSE) & 0.00022% (BSE)
Currency Option 0.035% (NSE) & 0.001% (BSE) 0.035% (NSE) & 0.001% (BSE)

Compare Pledge Charges of ICICI Direct & Motilal Oswal

Pledge Charges ICICI Direct Motilal Oswal
Pledge Creation Charges 0.02% of Value Rs.35 per Request or 0.02% of Value (whichever is higher)
Pledge Invocation Charges 0.02% of Value Rs.35 per Request or 0.02% of Value (whichever is higher)
Interest on Margin Trading 0.07% per day 0.05% per day

Comparison of ICICI Direct and Motilal Oswal – Hidden Charge

Hidden Charge ICICI Direct Motilal Oswal
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.13.5 per Scrip only on Sell Rs.25 per Scrip only on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Rs.100
Reactivation Charges Free Rs.50
Dematerialisation Charges Rs.50 per Certificate Rs.50 per Certificate
Call & Trade Charges Free – 1st 20 Calls per Month Free

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