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Motilal Oswal vs JM Financial – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Jul 21, 2023

Here is a detailed comparison of Motilal Oswal vs JM Financial. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Motilal Oswal & JM Financial will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Motilal Oswal vs JM Financial

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

Compare Stock Brokers


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

Now let’s Compare  JM Financial & Motilal Oswal

Overview of Motilal Oswal & JM Financial

Overview Motilal Oswal JM Financial
Company Type Public Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Motilal Oswal, Raamdeo Agrawal Nimesh Kampani
Established Year 1987 1973

Motilal Oswal vs JM Financial Customer Ratings Comparison

Customer Ratings Motilal Oswal JM Financial
Experience 9.0 / 10 6.2/10
Products & Services 8.4 / 10 6.4/10
Brokerage Charges & Fees 8.6 / 10 6.2/10
Stock Research & Advisory 8.2 / 10 6.6/10
Trading Platforms 8.8 / 10 5.8/10
Overall Ratings 8.60 / 10 6.4/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 2907 329

Motilal Oswal vs JM Financial Demat Account Comparison

Demat Services Motilal Oswal JM Financial
Depository Source NSDL & CDSL CDSL
Account Opening Charges Zero Rs. 1180
Demat AMC Charges Free (Rs 550 2nd year onward) Rs. 650
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R R

JM Financial vs Motilal Oswal Brokerage Charges Comparison

Brokerage Charge & Fees Motilal Oswal JM Financial
Equity Delivery Trading 0.20% 0.15%
Equity Intraday Trading Rs 0 (Free for Lifetime) 0.02%
Commodity Trading Futures: 0.02% | Options: Rs 200 Per Lot Rs 25 per lot
Equity Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) 0.02%
Equity Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs 25 per lot
Currency Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) 0.02%
Currency Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs 25 per lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Free or Rs.550 per Annum (From 2nd year) Rs.650
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Motilal Oswal Brokerage Calculator JM Financial Brokerage Calculator

JM Financial & Motilal Oswal Other Charges Comparison

Other Charges Motilal Oswal JM Financial
Transaction Charges 0.00335% of Total Turnover 0.00325% of Total Turnover
STT 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
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 Charges 0.00005% (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)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare JM Financial & Motilal Oswal Offers

Offers Motilal Oswal JM Financial
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free R S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Motilal Oswal vs JM Financial

Services Motilal Oswal JM Financial
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare JM Financial & Motilal Oswal Research & Advisory

Research & Advisory Motilal Oswal JM Financial
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R R
Company Stock Review R R
Free Stock Tips S R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Motilal Oswal vs JM Financial Exposure/Leverage

Exposure / Leverage Motilal Oswal JM Financial
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Motilal Oswal Margin Calculator JM Financial Margin Calculator

Motilal Oswal vs JM Financial Product Comparison

Products Motilal Oswal JM Financial
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R R
Banking S S
SIP R R
Insurance S R

Motilal Oswal vs JM Financial Trading Platform Comparison

Trading Platforms Motilal Oswal JM Financial
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R S
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R S
Multi Account Management R S

Motilal Oswal vs JM Financial Customer Support

Customer Support Motilal Oswal JM Financial
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support S S
Toll Free Number 1800 200 6626 S
Branches 85 50

Motilal Oswal vs JM Financial Customer Complaints

Complaints (Current Year) Motilal Oswal JM Financial
Lodged in BSE 178 5
Resolved in BSE 165 5
Lodged in NSE 145 7
Resolved in NSE 130 7

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