Broker Comparison
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
Key charges and account features side by side.
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| Feature | Angel One | Motilal Oswal |
|---|---|---|
| Broker type | Discount / Full-Service Hybrid | Full-Service Broker |
| Account opening | ₹0 | ₹0 (Free to open) |
| Annual maintenance | ₹60 + GST per quarter (Free for First Year) | ₹199 per year (Free for 1st year) |
| Equity delivery | Flat Rs 20 or 0.1% (whichever is lower) | 0.20% of trade volume |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower; minimum ₹5 | 0.02% of trade volume |
| Futures | ₹20 per executed order | 0.02% of trade volume |
| Options | ₹20 per executed order | ₹20 per lot |
| Commodity | Available only where enabled by the broker; verify current segment availability and tariff. | 0.02% or ₹20 per lot |
| Currency | ₹20 per executed order | 0.02% for Futures / ₹20 per lot for Options |
| DP charges | ₹20 + 18%GST | ₹20 or 0.025% of the transaction value per scrip (whichever is higher) |
| Auto Square Off | Same as brokerage charges. No additional penalty | ₹50 per executed order. |
| Call & trade | ₹20 / Order | ₹50 per executed order. |
| Customer support | Official app/web help centre, ticket, email and/or phone support. | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | 66.33 lakh active clients on the NSE as of June 2026 | NSE Active Clients: ~8.99 Lakh |
Angel One is one of India’s leading retail stockbrokers, offering online trading and investment services. The company provides access to equities, commodities, currencies, futures and options, IPOs, mutual funds and other financial products through its digital platforms.
Angel One offers a unified trading app with advanced charts, portfolio tracking, research tools and multiple order options. Its wide network and digital account-opening process make the platform suitable for both new investors and active traders.
Under the Angel iTrade PRIME plan, equity delivery trades are brokerage-free, while intraday, futures, options, currency and commodity trades are charged at a flat rate of up to ₹20 per executed order. Angel One combines full-service features with competitive discount brokerage charges.
Motilal Oswal Financial Services Limited (MOFSL) is a Mumbai-based financial services company founded in 1987 by Motilal Oswal and Raamdeo Agrawal. It has grown from a stockbroking firm into a diversified financial institution listed on the BSE and NSE.
The company offers stockbroking, wealth management, institutional broking, mutual funds, portfolio management services, investment banking, and home finance. It serves retail investors, high-net-worth individuals, and institutional clients across India.
Motilal Oswal is known for its research-driven investment services and its “Buy Right, Sit Tight” philosophy, which focuses on long-term value investing. It provides services through an extensive branch network and digital trading platforms.
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Angel One is a SEBI-registered stockbroker and provides Demat and trading services in India. However, investments remain subject to market risks.
Yes, Angel One offers a user-friendly app, educational resources, research tools and a digital account-opening process suitable for new investors.
Angel One charges the lower of ₹20 or 0.1% per executed order for equity delivery and intraday trades, subject to a minimum brokerage of ₹5. F&O trades generally cost ₹20 per executed order.
Yes, Angel One currently offers online Demat and trading account opening at ₹0.
Angel One offers zero account maintenance charges for the first year. AMC may apply quarterly from the second year onward.
Yes, users can invest in mutual funds, equities, IPOs, ETFs and other investment products through the Angel One platform.
Yes, Angel One allows users to place GTT orders through its trading platform.
Yes, Angel One provides a Margin Trading Facility that allows eligible users to purchase shares by paying a portion of the total trade value. Interest and other charges may apply.
Yes, Angel One provides SmartAPI for automated trading, order execution, live market data and portfolio monitoring.
Yes, users can submit an online account-closure request. Angel One states that account closure may take up to three working days after all requirements are completed.
Yes, Motilal Oswal is an established full-service financial services company known for stockbroking, investment products and research-based recommendations.
Yes, Motilal Oswal Financial Services Limited is a SEBI-registered intermediary and provides regulated broking and investment services in India.
Yes, Motilal Oswal currently offers Demat and trading account opening at ₹0, with no minimum amount required to open an account.
Motilal Oswal currently advertises ₹0 AMC and administrative charges for the first year. Charges after the introductory period may depend on the selected account or pricing plan.
Motilal Oswal’s main trading and investment platform is called RIISE. It is available as a mobile app and web-based trading platform.
Investors can access equities, futures and options, commodities, mutual funds, IPOs, bonds, US stocks, insurance and ready-made investment portfolios through its platforms.
Yes, the RIISE app provides free TradingView charts, market data and trading tools for technical analysis and order placement.
Yes, Motilal Oswal supports intraday, futures and options trading through the RIISE app and web platform.
Yes, eligible investors can access US stocks through the international investing section available in the RIISE app.
Motilal Oswal can be suitable for beginners who need research reports, investment recommendations, educational resources and access to professional advisory services. However, users should compare its brokerage and account-related charges before opening an account.
