Comparison –  Motilal Oswal Vs Axis Direct

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