Comparison –  UPSTOX Vs Motilal Oswal

Upstox Motilal Oswal
Year of Incorporation 2008 1987
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL- Partnership with ILFS NSDL/CDSL
Brokerages
Equity 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday) 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures Rs 20/executed order or 0.01% whichever is lower 0.05% – Reduces upto 0.015% if brokerage paid upfront
Equity Options Rs 20/executed order or 0.01% whichever is lower Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures Rs 20/executed order or 0.01% whichever is lower 0.05% – Reduces upto 0.015% if brokerage paid upfront
Currency Options Rs 20/executed order or 0.01% whichever is lower Rs 20/lot
Commodity Rs 20/executed order or 0.01% whichever is lower 0.05% – Reduces upto 0.015% if brokerage paid upfront
Account opening charges
Trading and Demat Nill NA
Only Trading Nill Free, but with Margin Cheque
Commodity Nill Free, but with Margin Cheque
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 22 days 3 Months – Pay Extra for Falcon
Margins & Leverage Provided
Equity Upto 20 times for intraday, 0 for delivery 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 Buying no leverage, shorting upto 4 times for intraday NA
Currency Futures Upto 4 times for intraday Upto 2 times Intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday NA
Commodity Upto 3 times for intraday Upto 2 times Intraday
Serviceable
3 in 1 Account NO No
Instant Fund withdrawal NO No
Instant Fund Transfer YES YES
Relationship Managers NO YES