Comparison –  Motilal Oswal Vs Way2Wealth

Motilal Oswal Way2wealth
Year of Incorporation 1987 1984
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL/CDSL NSDL, CDSL
Brokerages
Equity 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront 0.04% for Intraday, 0.4% for Delivery – Negotiable
Equity Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront 0.04% of Turnover – Negotiable
Equity Options Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront Rs 50/lot – Negotiable
Currency Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront 0.04% of Turnover – Negotiable
Currency Options Rs 20/lot Rs 50/lot – Negotiable
Commodity 0.05% – Reduces upto 0.015% if brokerage paid upfront 0.04% of Turnover – Negotiable
Account opening charges
Trading and Demat NA NA
Only Trading Free, but with Margin Cheque 350
Commodity Free, but with Margin Cheque 100
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 3 Months – Pay Extra for Falcon 22 days on NEST
Margins & Leverage Provided
Equity Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum Upto 6 times for Intraday, 0 for Delivery
Equity Futures Upto 2 Times Intraday Upto 2 times for Intraday
Equity Options NA No Leverage
Currency Futures Upto 2 times Intraday Upto 2 times Intraday
Currency Options NA No Leverage
Commodity Upto 2 times Intraday Upto 3 times Intraday
Serviceable
3 in 1 Account No No
Instant Fund withdrawal No No
Instant Fund Transfer YES YES
Relationship Managers YES YES