Motilal Oswal vs Fyers – Point by Point Comparison

While choosing between the two, it is important to analyse you own research methodology. Where Motilal Oswal offers various type of research reports and charges a higher brokerage, Fyers caps its brokerage at Rs. 100 per trade and provide excellent research tools on the online trading platform for self research.

    Motilal Oswal Securities FYERS
Basic Information Type of Broker Full Service Broker Discount Broker
  Exchanges BSE, NSE, MCX, MSEI & NCDEX NSE
  Fees for Opening Trading Account Rs. 0 NIL
  Annual Maintenance Charges of Trading Account Rs. 0 NIL
  Fees for Opening Demat Account Rs. 0 NIL
  Annual Maintenance Charges of Demat Account Rs. 441 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 75 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges Rs. 20 per lot 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 20 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges 0.03% NA
  Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 NA
Transaction Charges Equity Delivery For BSE: 0.01% and for NSE: 0.00335% As Applicable
  Equity Intraday For BSE: 0.002% and for NSE: 0.00325% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options For BSE: 0.002% and for NSE: 0.0511% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.042% on Premium As Applicable
  Commodity For MCX: 0.0025% As Applicable
Features 3-in-1 Account N N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts Y N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Orion Lite Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity Y N
  Currency Y Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support Y N
  Email Y Y
  Phone Y Y
  Online Live Chat N N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N

 

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