ICICI Direct vs Motilal Oswal – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of ICICI Direct vs Motilal Oswal. ICICI Direct is one of the largest stock broking house in terms of client base while Motilal Oswal is one of the most premium broking house in the country. This amazing comparison between both the broking house i.e. ICICI Direct & Motilal Oswal is extremely competitive.

ICICI Direct vs Motilal Oswal

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This ICICI Direct & Motilal Oswal comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare Motilal Oswal & ICICI Direct:

Overview of ICICI Direct & Motilal Oswal

OverviewICICI DirectMotilal Oswal
Company TypePublicPublic
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaMumbai, India
FounderVjay ChandokMotilal Oswal, Raamdeo Agrawal
Established Year19941987

ICICI Direct vs Motilal Oswal Customer Ratings Comparison

Customer RatingsICICI DirectMotilal Oswal
Experience8.8 / 109.0 / 10
Products & Services8.4 / 108.4 / 10
Brokerage Charges & Fees8.5 / 108.6 / 10
Stock Research & Advisory7.9 / 108.2 / 10
Trading Platforms8.6 / 108.8 / 10
Overall Ratings8.44 / 108.60 / 10
Star Ratings★★★★☆★★★★★
Total Client Reviews40262907

ICICI Direct vs Motilal Oswal Demat Account Comparison

Demat ServicesICICI DirectMotilal Oswal
Depository SourceNSDL & CDSLNSDL & CDSL
Account Opening ChargesZeroZero
Demat AMC ChargesRs 300 (from 2nd year)Free (Rs 400 2nd year onward)
Trading AMC ChargesRs 0 (Free)Free
Margin Money75% Margin75% Margin
Offline to OnlineSR

Motilal Oswal vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectMotilal Oswal
Equity Delivery Trading0.55%0.50%
Equity Intraday TradingRs 20 per order0.05% (both side)
Commodity Options TradingRs 20 per order0.05% (both side)
Equity Futures TradingRs 0 (Free)0.05% (both side)
Equity Options TradingRs 20 per orderRs 100 per lot (both side)
Currency Futures TradingRs 20 per orderRs 20 per lot (both side)
Currency Options TradingRs 20 per orderRs 20 per lot (both side)
Minimum BrokerageRs.20 per TradePercentage of Transaction
Demat AMC ChargesRs.300 per Annum from 2nd yearFree or Rs.400 per Annum (From 2nd year)
Trading AMC ChargesZeroFree
Margin Money75% Margin75% Margin
Brokerage CalculatorICICI Direct Brokerage CalculatorMotilal Oswal Brokerage Calculator

Motilal Oswal & ICICI Direct Other Charges Comparison

Other ChargesICICI DirectMotilal Oswal
Transaction Charges0.00280% of Total Turnover0.00335% of Total Turnover
STTEquity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges0.00005% (Rs. 5/Crore)0.00005% (Rs. 5/Crore)
Stamp Duty(On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)(On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST18% on (Brokerage + Transaction Charge + SEBI Fee)18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Motilal Oswal & ICICI Direct Offers

OffersICICI DirectMotilal Oswal
Free Demat AccountRR
Free Trading AccountSR
Discount on BrokerageSR
Trading Happy HoursRS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSR
Holiday OffersSS
Referral OffersRR
Zero Brokerage for Loss Making TradesRS

Compare Services of ICICI Direct vs Motilal Oswal

ServicesICICI DirectMotilal Oswal
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisoryRS
PMSRR
Trading InstitutionRS
Trading ExposureUpto 5xUpto 5x

Compare Motilal Oswal & ICICI Direct Research & Advisory

Research & AdvisoryICICI DirectMotilal Oswal
Fundamental ReportsRR
Research ReportsRR
Company ReportsRR
Annual ReportsRR
Company Stock ReviewRR
Free Stock TipsSS
IPO ReportsRR
Top PicksSR
Daily Market ReviewRR
Monthly ReportsRR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

ICICI Direct vs Motilal Oswal Exposure/Leverage

Exposure / LeverageICICI DirectMotilal Oswal
Equity Delivery1x1x
Equity IntradayUpto 5xUpto 5x
Equity Futures1x1x
Equity Options1x1x
Currency Futures1x1x
Currency Options1x1x
Commodities1x1x
Margin CalculatorICICI Direct Margin CalculatorMotilal Oswal Margin Calculator

ICICI Direct vs Motilal Oswal Product Comparison

ProductsICICI DirectMotilal Oswal
Equity TradingRR
Commodity TradingSR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRR
BankingRS
SIPRR
InsuranceRS

ICICI Direct vs Motilal Oswal Trading Platform Comparison

Trading PlatformsICICI DirectMotilal Oswal
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformRR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRR
Easy InstallationRR
Global IndicesRR
Stock TipsRR
Personalized AdvisoryRR
Interactive ChartsRR
Live MarketsRR
SMS AlertsRR
Email AlertsRR
Multi Account ManagementRR

ICICI Direct vs Motilal Oswal Customer Support

Customer SupportICICI DirectMotilal Oswal
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSR
Email SupportRR
Chat SupportSS
Toll Free NumberS1800 200 6626
Branches22685

ICICI Direct vs Motilal Oswal Customer Complaints

Complaints (Current Year)ICICI DirectMotilal Oswal
Lodged in BSE225178
Resolved in BSE215165
Lodged in NSE196145
Resolved in NSE182130

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