Comparison –  Axis Direct Vs Motilal Oswal

Axis Direct Motilal Oswal
Year of Incorporation 2006 1987
Exchanges enabled NSE & BSE NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL NSDL/CDSL
Brokerages
Equity 0.05% for Intraday, 0.5% of Delivery
0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures 0.05% of Turnover 0.05% – Reduces upto 0.015% if brokerage paid upfront
Equity Options Rs 100/lot Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures 0.05% of Turnover 0.05% – Reduces upto 0.015% if brokerage paid upfront
Currency Options Rs 100/lot Rs 20/lot
Commodity NA 0.05% – Reduces upto 0.015% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 900 NA
Only Trading Free, but with Margin Cheque
Commodity Free, but with Margin Cheque
Trading Tools
Platforms Mobile/ web Mobile/ web/ desktop
Charting 5 days on Web based 3 Months – Pay Extra for Falcon
Margins & Leverage Provided
Equity Upto 10 times for Intraday, 0 for Delivery
Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures No Leverage Upto 2 Times Intraday
Equity Options No Leverage NA
Currency Futures No Leverage Upto 2 times Intraday
Currency Options No Leverage NA
Commodity NA Upto 2 times Intraday
Serviceable
3 in 1 Account YES No
Instant Fund withdrawal YES No
Instant Fund Transfer YES YES
Relationship Managers YES YES