ICICI Direct vs Motilal Oswal Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
About Motilal Oswal
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
Motilal Oswal: Overview
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
ICICI Direct vs Motilal Oswal Account Opening Charges: 2024
| Charge | ICICI Direct | Motilal Oswal |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹1000 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹299 |
ICICI Direct vs Motilal Oswal Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Motilal Oswal |
|---|---|---|
| Plan Name | I-Secure Plan | Default Plan |
| Equity Delivery | 0.55% | 0.50% |
| Equity Intraday | 0.275% | 0.05% (both side) |
| Equity Futures | 0.050% | 0.05% (both side) |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹100 per lot (both side) |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹20 per lot (both side) |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹20 per lot (both side) |
| Commodity Options | N/A | 0.05% (both side) |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Motilal Oswal Margin / Exposure: 2024
| Segment | ICICI Direct | Motilal Oswal |
|---|---|---|
| Equity Delivery | 5x | 4x |
| Equity Intraday | Upto 25x | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
| Equity Future | 4x | Upto 3x |
| Equity Options | 2x for shorting | Nil |
| Currency Future | N/A | N/A |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |