Comparison – ICICI Direct Vs Motilal Oswal

ICICI Direct Motilal Oswal
Year of Incorporation 2000 1987
Exchanges enabled NSE & BSE NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL & CDSL NSDL/CDSL
Brokerages
Equity Equity Intraday 0.05% & Delivery 0.25%- Negotiable
0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront
Equity Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront
Currency Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 20/lot
Commodity NA 0.05% – Reduces upto 0.015% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 975 for 3 in 1 Account NA
Only Trading NA Free, but with Margin Cheque
Commodity NA Free, but with Margin Cheque
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 20 Days 3 Months – Pay Extra for Falcon
Margins & Leverage Provided
Equity Intraday upto 25 times & Delivery upto 5 times for interest
Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 4 times for intraday Upto 2 Times Intraday
Equity Options Not for buying but upto 2 times for shorting NA
Currency Futures NA Upto 2 times Intraday
Currency Options NA 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