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Motilal Oswal VS Zerodha

Motilal Oswal VS Zerodha
July 29, 2022

Want to know motilal oswal vs zerodha? Well you have landed on the right article, make sure to read the article carefully to know zerodha vs motilal oswal

Trading has become a commonplace occurrence. People of all ages are now getting into trading because it has become more convenient. There are several apps available that can assist you with day-to-day trading. 

Two of India's most popular trading apps are Zerodha and Motilal Oswal. Before we take a closer look at both trading platforms, let’s look at some of the many advantages of trading. 

  • Online trading is the ideal option if you're seeking long-term investment and savings.
  • Even if you only invest a tiny amount, you can gain money. If you merely put money aside without a plan, it will sit in your bank account doing nothing. So, you must provide opportunities for your money to grow.
  • You can generate consistent returns and have a constant income source.
  • No middlemen are involved in your transactions in online trading. As a result, you won't have to pay an intermediary or broker to handle your transactions.
  • You will have complete control over the trading process and will be able to choose investment limits and the stocks and mutual funds you wish to invest in.
  • Various trading apps on the market will also provide real-time updates on the stocks, mutual funds, and other securities that you own.
  • Time-based obstacles to trading have been removed with internet trading and trading via apps.

If you want to try your hand at online trading, try the Zerodha or Motilal Oswal apps.

Motilal Oswal VS Zerodha (2022 Updated)

Overview of Zerodha

Both Zerodha and Motilal Oswal have a long track record. These apps are doing exceptionally well, and their platforms have several traders. In the trade area, both these apps are competitors.

While one software excels in a few areas, the other provides additional advantages. The similarities and minor variations between the two apps will be discussed in this post.

We'll also go over the advantages and disadvantages of both of these apps. The brokerage fees and margin provided by these applications will also be discussed in the article.

Both of these apps offer something different. Continue reading to learn more about these two apps and choose the one that best satisfies your requirements.

Zerodha

Zerodha was founded in 2010 by Nitin Kamath, India's most prominent stockbroker. It has over 2.2 million customers, accounting for over 15% of daily retail trading volumes on the BSE, NSE, and MCX.

It is perfect for traders and investors looking for inexpensive brokerage, a simple interface, and a reliable trading platform.Zerodha is also a mutual fund investment platform.

There is no upfront fee, no minimum brokerage, and contract minimums when you trade using Zerodha. It is also the most active stockbroker in terms of active clients and market volume.

The best thing about Zerodha is that you can directly deal with mutual funds with no commissions. On intraday trading, it provides up to 20x leverage.

Here are other details that you need to know. 

Demat & Trading Account Review

Zerodha started the discount broking model in India by charging a flat Rs 20 per trade for the first time. The distribution of equity is entirely free.

If you ask someone about a trading platform to get started with, they will all say Zerodha. Zerodha's robust trading platform for technical analysis and outstanding customer support are the main reasons for its word-of-mouth popularity.

Account opening charges and AMC charges for Zerodha Demat Account

Listed below are the charges for opening an account with Zerodha:

Particulars

Charges

Trading and Demat account

Rs. 200

Commodity account

Rs. 100

Annual Maintenance Charges for Trading account

Rs. 0

Yearly Charges for maintaining a Demat account

Rs. 300

If you open the account offline, you will be charged an extra Rs. 300.

Motilal Oswal vs Zerodha Brokerage Charges

For delivery equities and direct mutual fund investments, Zerodha charges no brokerage fees. Regardless of the trading volume, it charges a fixed Rs.20 for all intraday, F&O, currency, and commodity trades on the NSE, BSE, and MCX.

As a result, using Zerodha as your broker allows you to save a significant amount of money on your trades. Also, Zerodha does not impose a brokerage fee on equity delivery transactions.

Screeners, Sensibull, Stock reports, and SmallCase, are some of Zeordha's approved partners who offer value-added services for a small fee. A monthly stock report, for example, will cost you Rs. 150.

As a result, Zerodha is an excellent choice for traders who perform research. A Zerodha account might also assist new traders ready to pay a premium for additional services.

Trading Type

Brokerage

Delivery of Equities

Rs. 0

Intraday Equity, Futures, Options, Currency, Commodity

Rs. 20 or 0.03%, the lower of the two

Margin Provided

The margin for intraday trading is given below: 

Segment

Margin

Equity Intraday

Up to 15 times

Commodity Futures

Two times

Index Futures

4.16 times

Currency Futures

Two times

Equity Futures

3.33 times

Stock Options

3.33 times

Index Options

4.16 times

Zerodha Stock Trading Platforms Review

  • Kite Mobile

    Kite is a little mobile software that uses less than 0.5 Kbps to provide a complete MarketWatch. Using the Kite Mobile app, you can trade and monitor live streaming data from the BSE, NSE, and MCX.

    Using the software, you can view charts with over 100 indicators and trade intraday utilising BO and CO order placement. The Kite Mobile App supports both iOS and Android smartphones.

    The app has a biometric (2FA) login (fingerprint and Face ID – iOS) for additional security.

  • Kite 3.0

    Kite 3.0 is a free web-based trading and investment platform for all Zerodha users. The platform can be used to trade on smartphones, tablets, desktops, and laptops.

    On the BSE, NSE, and MCX, over 90,000 stocks and futures and options contracts are offered. A sophisticated user interface with real-time widgets and advanced charting capabilities is available.

    However, the Kite platform was reported to be hanging due to order overloads in the last hours of trading. This has the potential to turn a profitable position into a losing one.

  • Kite Connect API

    Kite Connect APIs may be found on Zerodha. Kite Connect is an HTTP/JSON API for building apps.

  • Sentinel

    Sentinel lets you set up cloud-based alerts for more than 80,000 stocks, bonds, commodities, futures and options contracts, and currencies traded on various exchanges.

    Price alerts and 20+ additional data items, including OHLC, bids, and offers, can be created.

  • Zerodha PI

    Zerodha PI is a trading terminal that can be downloaded and installed. It includes charts, strategies, and backtesting tools. You can trade on the BSE, NSE, and MCX using the Zerodha PI programme.

Zerodha Pros and Cons

Pros

  • The best aspect of the app is that it is available in ten different regional languages.
  • Charts indicate how the market performs by displaying a significant amount of data. The performance of the market can be analysed using these graphs.
  • You can limit the number of orders that can be placed.

Cons

  • You cannot trade mutual funds using the Zerodha app.
  • Price alerts are not sent to traders.
  • There isn't a three-in-one Demat account available.
  • The Call and Trade category charges Rs.20 for each trade.

Why should you pick this broker?

Regular traders should utilise Zerodha to save money on brokerage, desire higher margins, and need complicated trading platforms for technical analysis.

Motilal Oswal

Motilal Oswal is a full-service stockbroker noted for providing sound research-based advice and personal attention. They have an in-house research staff to help clients with their investing and trading.

Motilal Oswal is better for traders who need trading advice and ideas. Motilal is also suitable for time-constrained long-term investors who are willing to pay high brokerages (0.50 per cent on delivery trades) for value-added services such as wealth and portfolio management.

With over thousands of sub-brokers and franchise partners in 500+ locations across India, Motilal Oswal serves over 9 million consumers.

You can get in touch with them for service for free calls and trades. Also, you have daily, weekly, monthly, and yearly reports based on dedicated and award-winning research.

More than 30,000 research studies cover 230+ companies and 21+ industries. There are dedicated research teams for high cap, mid-cap, and technological companies.

Demat & Trading Account Review

Motilal Oswal is a full-service broker with the expertise to help you build and maintain long-term wealth.

Motilal's services are ideal for time-constrained high-earning clients who seek to establish a robust wealth corpus through equity investment to meet their long-term financial objectives.

Among the services are:

  • Distribution and retail broking
  • IPO Insurance for Mutual Funds
  • Portfolio of gold investments and wealth management

Motilal Oswal has over 10 lakh customers and 30 years of wealth-creation experience. The organisation has depository assets of over 69,500 crores and is present in over 2200 locations across India.

Account Opening Charges

If you are operating via Motilal Oswal Trading Account, there are no opening account charges. However, there is a brokerage charge applicable on all transactions.

Brokerage Charges and AMC Charges

There are different types of plans for the Demat account at Motilal Oswal. However, there is no opening charge if you open your account with Motilal Oswal. Let’s check out the brokerage and account management charges that come along when you open a Demat account with Motilal Oswal:

Value Pack Brokerage Plan

Value Amount

Delivery

Intraday (on each leg)

Futures Equity & Currency (on each leg)

Futures Commodity (on each leg)

Options Equity (per lot on each leg)

Options Currency (per lot on each leg)

Rs. 2000

0.40% (min 2 paise)

0.040%

0.040%

0.030%

Rs. 50

Rs. 20

Rs. 3000

0.35% (min 2 paise)

0.035%

0.035%

0.025%

Rs. 45

Rs. 18

Rs. 5000

0.30% (min 2 paise)

0.030%

0.030%

0.020%

Rs. 40

Rs. 15

Rs. 10,000

0.25% (min 2 paise)

0.025%

0.025%

0.015%

Rs. 30

Rs. 12

Rs. 30,000

0.20% (min 2 paise)

0.020%

0.020%

0.010%

Rs. 25

Rs. 11

Rs. 50,000

0.15% (min 2 paise)

0.015%

0.015%

0.008%

Rs. 25

Rs. 10

Rs. 10,0,000

0.10% (min 2 paise)

0.010%

0.010%

0.007%

Rs. 20

Rs. 8

Margin Up to

Delivery

Intraday (on each leg)

Futures Equity (on each leg)

Options Equity (per lot)

Currency F&O (per lot)

AMC Charges PA

Admin Charges PA.

Rs. 9,999

0.50% (min 5 paise)

0.050%

0.050%

Rs. 100

Rs. 20

Rs. 800

Rs. 199

Rs. 10,000 to 24,999

0.50% (min 5 paise)

0.050%

0.050%

Rs. 100

Rs. 20

Rs. 299

Rs. 199

Rs. 25,000 to 49,999

0.40% (min 3 paise)

0.040%

0.040%

Rs. 75

Rs. 20

Free

NIL

Rs. 50,000 to 99,999

0.30% (min 3 paise)

0.030%

0.030%

Rs. 70

Rs. 20

Free

NIL

Rs. 1 lakh to 2,99,999

0.25% (min 2 paise)

0.025%

0.025%

Rs. 50

Rs. 20

Free

NIL

Rs. 3 lakh to 4,99,999

0.20% (min 2 paise)

0.020%

0.020%

Rs. 40

Rs. 20

Free

NIL

Rs. 5 Lakh

0.15% (min 1 paise)

0.015%

0.015%

Rs. 25

Rs. 20

Free

NIL

Margin Up to

Commodity Futures (on each leg)

Rs. 9,999

0.04%

Rs. 10,000 to 24,999

0.04%

Rs. 25,000 to 49,999

0.04%

Rs. 50,000 to 99,999

0.03%

Rs. 1 lakh to 2,99,999

0.02%

Rs. 3 lakh to 4,99,999

0.02%

Rs. 5 Lakh

0.01%

AMC 999 Brokerage Plan

Trading Type

Brokerage Charges

Equity Delivery

0.50%

Equity Intraday

0.05% on each leg

Equity Futures

0.05% on each leg

Equity Options

Rs. 100 per lot

Currency Futures and Options

Rs. 20 per lot

Commodity F&O

0.030% on each leg

Margin Scheme Brokerage Plan

The Motilal Oswal website does not provide information on margins for various trade kinds. This is because they offer personalised margins based on your risk tolerance and previous trading experience.

The below margin facility for intraday trading is available to new traders. The margins can be negotiated at the time of account opening.

Segment

Margin

Equity Delivery

4X

Intraday Equity

Up to 20X depending on the stock

Equity Futures

3X

Community Futures

3X

Trading Platforms Review

1. Motilal Oswal Investor Trading Platform

Motilal Oswal Investor is a web-based trading platform that includes features like Robo Wealth and ACE (advise on a combination of equities). Both tools assist in picking the proper stock and provide professional financial advice.

Stock scanners and the ability to place bulk orders are included in the platform. There are nine technical indicators and numerous chart formats with intervals ranging from one minute to five years.

2. Motilal Oswal Trader Trading Platform

Motilal Oswal Trader is an advanced trading platform that includes algorithm-based products such as Trade Guide Signal, Option Writer, and Option Decoder.

The MO Trader can be used to do several things. You can use up to 20 different screeners and make and place large orders utilising this app. The best part about this app is the four multi-asset watch lists.


It is also possible to create a single watchlist containing up to 50 scrips. The platform provides access to research on over 260 companies and 21 industries.

3. Desktop-based trading platform

The Motilal Oswal desktop platform can be downloaded from the website as an exe.file and installed on the laptop or PC. 

Advanced tick-by-tick stock price displays and tools are available on the desktop trading platform. More than 40 indicators for technical analysis are in one's possession, allowing for a multi-asset watchlist.

Over 30,000 research papers and trade tools such as Trade Guide Signal, Option Writer, and Option Decoder are available through the portal.

4.  The Motilal Oswal Smartwatch app

An app for Motilal Oswal's unique smartwatch includes several options, and you can easily trade using the smartwatch app. The app allows real-time notifications on your smartwatch without any hassle. 


The app helps in creating a better understanding of one’s portfolio, position, and margins while trading on the app.

Motilal Oswal Pros and Cons

Pros

  • The trading app provides you with excellent research advice that can be used while you are trading on the platform.
  • There are different wealth and portfolio management services available on this particular app.
  • The best thing about Motilal Oswal is that it has an app for a smartwatch.
  • Equity, Derivatives, Commodities, Currency, and Mutual Funds are all areas where Motilal Oswal can be put to use.
  • Quotes and technical charts are updated in real-time to assist you in making the best decision possible.
  • Trading options include BSE, NSE, NCDEX, MCX, and MSEI.
  • Motilal Oswal has a dedicated customer service team with a query resolution time of six hours.

Cons

  • There are numerous brokerage plans available, which tends to confuse the traders and investors using the app.
  • Administration fees for the account are also applicable in the case of Motilal Oswal.
  • A charge of Rs. 500 for account foreclosure is applicable if you decide to shut down your account on Motilal Oswal.
  • Compared to discount brokers like Zerodha and 5Paisa, it has a high brokerage.
  • The brokerage value pack programme is affordable, but it comes with a one-time fee when signing up for the plan. After you've made your choice, you can't change or cancel your plans.
  • It does not offer a three-in-one account option to its clients.

Why should you pick this broker?

Traders and investors seek research assistance, trading recommendations, reports, and trading support. You can register an account if you trade in small amounts or don't mind paying for extra services.

Also, there are several Motilal Oswal apps that you can use for trading using your mobile and your desktop.

Frequently Asked Questions

1. Is Motilal Oswal suitable for trading?

Yes, it is a good app for trading if you pay varied brokerage charges for each transaction. It has more than two decades of trading and investment experience. 

It offers investment services in equity, derivatives, initial public offerings, mutual funds, insurance, and fixed deposits. There are a variety of value pack brokerage schemes with various brokerage alternatives as well.

The app offers complete operational simplicity with more than 60 banks for fund transfers. A variety of research consulting services is also provided. Customers can enjoy a range of free trading software.


2. What are DP charges in Motilal Oswal?

Generally, the broker decides the DP charges. For trades outside MOFSL, Motilal Oswal DP charges are 0.04 per cent of the transaction value or Rs.40/- (per Instruction), whichever is higher, and 0.03 per cent of the transaction value or Rs.30/- (per Instruction), whichever is higher. When you sell any Scrip from your Demat account, the Inside MOFSL applies.


3. Why is the Zerodha Demat account the best?

There is no brokerage fee for Delivery when you trade using the Zerodha app. It has a consistent price structure across all exchanges. 

There is no up-front price or commitment to turnover. It offers Z-Connect, an interactive blog, and a portal for any other questions. 

There is no minimum balance requirement if you plan on opening a trading account with Zerodha. Customers can use Coin, Sensibull, GoldenPi, Sentinel, SmallCase, Console, and Kite Connect API, among other trading platforms.

I hope you liked our article on motilal oswal vs zerodha, and it must have solved your queries such as motilal oswal brokerage vs zerodha, compare zerodha and motilal oswal or motilal vs zerodha if you have any comments or suggestions do share them in the comments below.

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