AxisDirect Vs Motilal Oswal: Side By Side Comparison

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
Review	Axisdirect Review	Motilal Oswal 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
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
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
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
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
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
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory
Promotional Offers
	NIL	Zero Account Opening Charges Zero AMC Charges for first year

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:

Point By Point Comparison of Motilal Oswsal with other Brokers: