Motilal Oswal
Full-Service BrokerAccount opening₹0 (Free to open)
AMC₹199 per year (Free for 1st year)
Intraday0.02% of trade volume
Broker Comparison
Motilal Oswal vs Paytm Money
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
Paytm Money
Discount / Investment PlatformAccount opening₹0 (Free)
AMC₹0 AMC
IntradayRs 20 or 0.05% of turnover (whichever is lower)
Motilal Oswal vs Paytm Money: Quick comparison
Key charges and account features side by side.
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| Feature | Motilal Oswal | Paytm Money |
|---|---|---|
| Broker type | Full-Service Broker | Discount / Investment Platform |
| Account opening Charges | ₹0 (Free to open) | ₹0 (Free) |
| Annual maintenance Charges | ₹199 per year (Free for 1st year) | ₹0 AMC |
| Equity delivery | 0.20% of trade volume | Rs 20 or 2.5% of turnover (whichever is lower) |
| Equity intraday | 0.02% of trade volume | Rs 20 or 0.05% of turnover (whichever is lower) |
| Futures | 0.02% of trade volume | 0.02% of turnover or upto Rs 20 per Executed Order (whichever is lower) |
| Options | ₹20 per lot | Rs 20 per order |
| Commodity | 0.02% or ₹20 per lot | ₹20 per executed order |
| Currency | 0.02% for Futures / ₹20 per lot for Options | ₹20 per executed order |
| DP charges | ₹20 or 0.025% of the transaction value per scrip (whichever is higher) | ₹13.5 |
| Auto Square off | ₹50 per executed order. | ₹50 + GST |
| Call & trade | ₹50 per executed order. | ₹100 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 | NSE Active Clients: ~8.99 Lakh | 7.65 lakh active clients as of March 2026, according to NSE data. |
About Motilal Oswal
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.
About Paytm Money
Paytm Money, established in 2017, is a digital investment and stockbroking platform in India offering access to equities, F&O, mutual funds, SIPs, IPOs, ETFs, NPS, bonds, and other investment products. It is a SEBI-registered stockbroker and operates as a depository participant with CDSL and a member of NSE and BSE.
The platform provides web and mobile trading applications with features such as Stock SIP, GTT orders, Basket Orders, advanced option chains, screeners, portfolio insights, market heatmaps, and strategy-building tools. Paytm Money is also known for offering zero-commission investments in direct mutual funds and a fully digital account-opening experience.
Paytm Money caters to both investors and active traders with low-cost brokerage, multiple investment options, research tools, and advanced trading features. It also provides access to IPOs, ETFs, bonds, NPS, margin-related facilities, and educational content to help users make more informed investment decisions.
Trading Platforms & Tools
- Motilal Oswal offers the RIISE mobile app and web platform for online trading and investing. These platforms provide access to equities, derivatives, commodities, mutual funds, IPOs and other investment products, along with advanced charts, market data, research reports, stock recommendations and portfolio-tracking tools
Products Offered
- Motilal Oswal offers equities, futures and options, commodities, currency derivatives, mutual funds, IPOs, ETFs, US stocks, bonds, NCDs, fixed deposits, insurance, Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). It also provides margin trading, depository, wealth management and research-based advisory services.
Platforms and Tools
- Paytm Money offers web and mobile trading platforms designed for both investors and active traders. Its tools include advanced option chains, Stock SIP, GTT and Basket Orders, portfolio insights, market heatmaps, advanced screeners, and a strategy builder for options trading.
Products Offered
- Paytm Money provides access to Equity Stocks, Futures & Options (F&O), Mutual Funds, SIPs, IPOs, ETFs, Bonds, NPS, and other debt investment products through its digital investment platform.
Motilal Oswal pros and cons
Pros
- Strong research reports and investment recommendations.
- Wide range of trading and investment products.
- Multiple digital platforms and an extensive branch network.
Cons
- Brokerage charges may be higher than discount brokers.
- Pricing plans and additional charges can be complex for beginners.
Paytm Money pros and cons
Pros
- ₹0 Account Opening & AMC: No account opening or annual maintenance charges.
- Easy Digital Investing: Fully online account opening with a user-friendly web and mobile platform.
- Multiple Investment Options: Access to stocks, F&O, mutual funds, IPOs, ETFs, NPS, and bonds.
Cons
- Limited Offline Support: No physical branch network for in-person customer assistance.
- No 3-in-1 Account: Paytm Money does not provide an integrated bank, trading, and Demat account.
Which broker should you choose?
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.
Broker Rating
Motilal Oswal
3.4/5
Paytm Money
4.4/5
Read complete broker reviews
Frequently asked questions
Is Motilal Oswal a trusted stockbroker?
Yes, Motilal Oswal is an established full-service financial services company known for stockbroking, investment products and research-based recommendations.
Is Motilal Oswal registered with SEBI?
Yes, Motilal Oswal Financial Services Limited is a SEBI-registered intermediary and provides regulated broking and investment services in India.
Is Motilal Oswal Demat account opening free?
Yes, Motilal Oswal currently offers Demat and trading account opening at ₹0, with no minimum amount required to open an account.
Does Motilal Oswal charge annual maintenance charges?
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.
What is the Motilal Oswal trading app called?
Motilal Oswal’s main trading and investment platform is called RIISE. It is available as a mobile app and web-based trading platform.
What can I invest in through Motilal Oswal?
Investors can access equities, futures and options, commodities, mutual funds, IPOs, bonds, US stocks, insurance and ready-made investment portfolios through its platforms.
Does the RIISE app provide advanced charts?
Yes, the RIISE app provides free TradingView charts, market data and trading tools for technical analysis and order placement.
Can I do intraday and options trading with Motilal Oswal?
Yes, Motilal Oswal supports intraday, futures and options trading through the RIISE app and web platform.
Can I invest in US stocks through Motilal Oswal?
Yes, eligible investors can access US stocks through the international investing section available in the RIISE app.
Is Motilal Oswal suitable for beginners?
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.
Is Paytm Money safe to use?
Yes, Paytm Money is a SEBI-registered stockbroker and CDSL depository participant.
Is Paytm Money account opening free?
Yes, Paytm Money offers ₹0 account opening charges.
Does Paytm Money charge Demat AMC?
Paytm Money currently offers ₹0 annual maintenance charges.
What is Paytm Money brokerage for equity delivery?
Paytm Money charges up to ₹20 per executed equity delivery order.
What is Paytm Money brokerage for intraday trading?
Intraday brokerage is up to ₹20 per executed order.
Does Paytm Money offer F&O trading?
Yes, Paytm Money supports Futures and Options trading.
Can I invest in mutual funds through Paytm Money?
Yes, users can invest in direct mutual funds and SIPs through Paytm Money.
Can I apply for IPOs using Paytm Money?
Yes, Paytm Money allows users to apply for IPOs online.
Does Paytm Money offer commodity and currency trading?
Yes, Paytm Money is registered with exchanges including MCX, NCDEX, and MSEI; however, its current public product pages mainly highlight Stocks and F&O, so commodity/currency availability may depend on the enabled segment.
What investment products are available on Paytm Money?
Paytm Money offers stocks, F&O, mutual funds, SIPs, IPOs, ETFs, bonds, and NPS.