SB
SBI Securities
Bank BrokerAccount opening₹0
AMC₹750
Intraday0.05% per trade.
Broker Comparison
SBI Securities vs Motilal Oswal
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
MO
Motilal Oswal
Full-Service BrokerAccount opening₹0 (Free to open)
AMC₹199 per year (Free for 1st year)
Intraday0.02% of trade volume
SBI Securities vs Motilal Oswal: Quick comparison
Key charges and account features side by side.
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| Feature | SBI Securities | Motilal Oswal |
|---|---|---|
| Broker type | Bank Broker | Full-Service Broker |
| Account opening Charges | ₹0 | ₹0 (Free to open) |
| Annual maintenance Charges | ₹750 | ₹199 per year (Free for 1st year) |
| Equity delivery | 0.50% per trade. | 0.20% of trade volume |
| Equity intraday | 0.05% per trade. | 0.02% of trade volume |
| Futures | 0.05% per trade. | 0.02% of trade volume |
| Options | ₹100 per lot. | ₹20 per lot |
| Commodity | 0.05% of turnover | 0.02% or ₹20 per lot |
| Currency | 0.03% of total turnover value | 0.02% for Futures / ₹20 per lot for Options |
| DP charges | 0.01% of the trade value (Minimum ₹21, Maximum ₹300) per debit transaction | ₹20 or 0.025% of the transaction value per scrip (whichever is higher) |
| Auto Square Off | ₹49 per executed order | ₹50 per executed order. |
| Call & trade | ₹49 per executed 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 | NSE Active Clients: ~11.17 Lakh (1.11 million) active users | NSE Active Clients: ~8.99 Lakh |
About SBI Securities
SBI Securities Limited is the stockbroking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Limited. Founded in 2006, it operates as a full-service stock broker offering retail and institutional equity broking, derivatives trading, depository services, and third-party financial products.
Its online trading platform allows resident Indians and NRIs to invest in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. The company also offers access to selected lending products, including home loans, car loans, and loans against securities.
SBI Securities is registered with SEBI and acts as a Depository Participant with both NSDL and CDSL. It also provides online trading services for NRIs, although availability and account features may vary depending on the investor’s country of residence and applicable regulations.
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.
Trading Platforms & Tools
- SBI Securities offers web and mobile trading platforms for investing in equities, derivatives, mutual funds, ETFs, IPOs, NCDs, and other products. Its platforms include features such as watchlists, live market data, portfolio tracking, research reports, online order placement, and account management, along with call-and-trade and offline support services.
Products Offered
- SBI Securities offers a wide range of products, including equities, derivatives, mutual funds, ETFs, IPOs, NCDs, bonds, corporate fixed deposits, 3-in-1 account and depository services. It also provides selected lending products such as home loans, car loans, and loans against securities.
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.
SBI Securities pros and cons
Pros
- Maximum Safety: Backed fully by State Bank of India, offering high reliability for large long-term portfolios.
- 3-in-1 Integration: Links SBI bank, demat, and trading accounts for instant, seamless fund transfers.
- Physical Branch Network: Provides extensive offline customer support through pan-India bank branches and investment desks.
Cons
- High Standard Fees: Charges up to 0.50% for equity delivery, making it expensive compared to discount brokers.
- Costly Operational Charges: Imposes a high minimum DP fee of ₹21 per scrip alongside steep auto square-off penalties.
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.
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.
Read complete broker reviews
Frequently asked questions
What are the charges to open a Demat and Trading Account?
Online digital account opening is ₹0 (Free), though physical application routes may attract minor documentation or stamp fees
Does SBI Securities offer a 3-in-1 integrated account?
Yes, it links your SBI Savings Bank Account, Demat Account, and Trading Account for instant, paperless fund transfers.
What are the document requirements to open an account?
Resident Indians require a PAN Card, Aadhaar Card (linked to a mobile number for OTP), a canceled cheque/bank proof, and a live photo via e-KYC.
What is the standard brokerage under the basic eZ-Trade plan?
The standard plan charges a percentage fee of 0.50% for Equity Delivery and 0.05% for Equity Intraday trading
What is the SBI Securities ProZero plan?
The SBI Securities ProZero Plan is a discount tier providing lifetime ₹0 brokerage on Intraday trading across Equity and F&O segments.
How much does carrying forward a Futures or Options position cost?
Under flat-fee models like ProZero, overnight positional F&O trades are priced at a flat ₹20 per executed order.
How does the E-Margin / Margin Trading Facility (MTF) work here?
The SBI Securities E-Margin Facility provides up to 4x buying leverage on over 700 selected stocks. You pay a 25% upfront margin, and SBI funds the remaining 75%
What is the interest rate charged on E-Margin (MTF) allocations?
SBI Securities charges 0% interest for the first 23 trading days. From the 24th trading day onward, interest applies at 0.04% per day (~14.6% annually)
Is SBI Securities a full-service stock broker?
Yes, SBI Securities is a full-service stock broker offering equity trading, derivatives, mutual funds, IPOs, ETFs, NCDs, depository services, research support, and other investment products.
Can NRIs open an account with SBI Securities?
Yes, SBI Securities provides trading and investment services to NRIs. However, available products and account features may vary according to the investor’s country of residence and regulatory requirements.
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.