In this page, I am providing side by side comparison of AxisDirect Vs Motilal Oswal.
AxisDirect is a brokerage arm of Axisbank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.
Whereas Motilal Oswal is full service broker and provides many services to its clients. Both of these brokers offer research and recommendation to their customers.
But still there are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of AxisDirect Vs Motilal Oswal:
Parameters | Axis Direct | Motilal Oswal |
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| Review | ||
| Type of Broker |
Full Service Broker |
Full Service Broker |
| Incorporation Year | 2006 | 1987 |
| Supported Exchanges | NSE, BSE, MSEI and MCX | NSE, BSE, NCD-EX and MSEI |
Account Related Charges |
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| Trading Account Opening Fees | Rs 999 | Rs 1000 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 420 | Rs 0 |
| Demat Account AMC | Rs 650 | Rs 441 |
Brokerage Charges |
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| Equity Delivery Brokerage | 0.3% | 0.5% |
| Equity Intraday Brokerage | 0.05% | 0.05% |
| Equity Futures Brokerage | 0.05% | 0.05% |
| Equity Options Brokerage | Rs 100/lot | Rs 75/lot |
| Currency Futures Trading Brokerage | 0.05% | 0.03% |
| Currency Options Trading Brokerage | Rs 100/lot | Rs 20/lot |
| Commodity Trading Brokerage | NA | 0.03% |
| Minimum Brokerage Charges | Rs 20 per trade or 2.5% whichever is lower | Rs 30 for Delivery and Ra 15 for Intraday |
| Monthly Unlimited Plans |  | |
| Brokerage Calculator | Axis Direct Calculator | Motilal Oswal Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.00325% | 0.00325% |
| Equity Intraday | 0.00325% | 0.00325% |
| Equity Futures | 0.00190% | 0.002% |
| Equity Options | 0.050% (On Premium) | 0.0511% (On Premium) |
| Currency Futures | 0.00190% | 0.00125% |
| Currency Options | 0.050% (On Premium) | 0.042% (On Premium) |
| Commodity | NA | 0.0025% |
Exposure |
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| Equity | Upto 10 times Intraday and No Leverage for Delivery | Upto 20 times Intraday |
| Equity Futures | No Leverage | Upto 20 times Intraday |
| Equity Options | No leverage | Upto 4 times |
| Currency Futures | No Leverage | Upto 20 times Intraday |
| Currency Options | No leverage | Upto 4 times |
| Commodities | NA | Upto 4 times |
Features |
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| 3 in 1 Account |  | |
| Mobile Trading | | |
| Charting | | |
| Automated Trading | | |
| After Trading Hour Orders | | |
| SMS Alerts | | |
| Margin Funding | | |
| Trading Platform | Axis SwiftTrade, AxisDirect Trade, Mobile Trade | Motilal Oswal App, Desktop, Tablet, Smart Watch App and Web Platforms |
Investment Services |
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| Stock / Equity | | |
| Commodity | | |
| Currency | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
Customer Service Channels |
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| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Support Through Branches | | |
| Relationship Managers | | |
Research Reports/Tips/Recommendations |
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| Daily Market Report | | |
| Tips/Recommendations | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
| Robo Advisory | | |
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of Axis Direct with other Brokers:
AxisDirect in comparison with other Stock Brokers |
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Point By Point Comparison of Motilal Oswsal with other Brokers:
Motilal Oswal in comparison with other Stock Brokers |
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