ICICI Direct vs Motilal Oswal – Point by Point Comparison

  ICICI Direct Motilal Oswal Securities
Basic Information Type of Broker 3-in-1 Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 975 Rs. 0
Annual Maintenance Charges of Trading Account Nil Rs. 0
Fees for Opening Demat Account Nil Rs. 0
Annual Maintenance Charges of Demat Account Rs. 450 Rs. 441
Brokerage Charges Equity Delivery Charges 0.55% 0.50%
Equity Intraday Charges 0.28% 0.05%
Equity Future Charges 0.03% to 0.05% 0.05%
Equity Options Charges Rs. 65 to Rs, 95 per lot Rs. 75 per lot
Currency Futures Charges 0.030% to 0.050% Rs. 20 per lot
Currency Options Charges Rs. 65 to Rs. 95 per lot Rs. 20 per lot
Commodity Charges NA 0.03%
Minimum Brokerage Charges Rs. 35 per trade For Delivery: Rs. 30 & For Intraday: Rs. 15
Transaction Charges Equity Delivery For BSE: 0.0035% and for NSE: 0.0031% For BSE: 0.01% and for NSE: 0.00335%
Equity Intraday For BSE: 0.0035% and for NSE: 0.0031% For BSE: 0.002% and for NSE: 0.00325%
Equity Futures 0.00% 0.00%
Equity Options 0.05% on Premium For BSE: 0.002% and for NSE: 0.0511% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.05% of Premium 0.042% on Premium
Commodity NA For MCX: 0.0025%
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Trade Racer Orion Lite
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N Y
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y


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