Motilal Oswal vs IDBI Capital – Point by Point Comparison

Motilal Oswal is a full service broker dealing with exchanges like the BSE, NSE, MCX, MSEI and NCDEX. They charge no fees for opening a trading account; demat account or maintenance of trading account. On the other hand, HDFC securities are a 3-in-1 Full Service Broker with exchanges BSE and NSE. It charges Rs.999 for opening a trading account but no charge for maintaining the same. While comparing Motilal Oswal and HDFC securities for online share trading, the currency charges are to be kept in mind. Motilal Oswal charges Rs.20 per lot whereas HDFC charges Rs.23 per contract. Also, the former charges commodity charges at 0.03% where as the latter charges none. The minimum brokerage charges for Motilal Oswal are divided into two parts: Rs.30 for delivery and Rs.15 for intraday. The same for HDFC is Rs.25 per trade. The HDFC securities provide 3-in-1 Account facility which Motilal Oswal doesn’t. The most important feature under full service broker or a discount broker should be the presence of proper customer support. The 24/7 Customer support is available at Motilal Oswal but not at HDFC securities. Further, Online live chat is available at HDFC securities but not under Motilal Oswal.

  Motilal Oswal IDBI Capital
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE, MCX, MSEI & NCDEX BSE, NSE
Fees for Opening Trading Account Rs. 0 Rs. 700
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. 350
Brokerage Charges Equity Delivery Charges 0.50% 0.50%
Equity Intraday Charges 0.05% 0.08%
Equity Future Charges 0.05% 0.08%
Equity Options Charges Rs. 75 per lot Rs. 100 per lot
Currency Futures Charges Rs. 20 per lot NA
Currency Options Charges Rs. 20 per lot NA
Commodity Charges 0.03% NA
Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
Transaction Charges Equity Delivery For BSE: 0.01% and for NSE: 0.00335% 0.00%
Equity Intraday For BSE: 0.002% and for NSE: 0.00325% 0.00%
Equity Futures 0.00% 0.00%
Equity Options For BSE: 0.002% and for NSE: 0.0511% on Premium 0.051% on Premium
Currency Futures 0.00% NA
Currency Options 0.042% on Premium NA
Commodity For MCX: 0.0025% NA
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y NA
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Orion Lite Power Pro
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y N
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
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 Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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