Broker Comparison
Compare brokerage charges, account fees, apps, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-07-28
Zerodha is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
Motilal Oswal is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
| Feature | Zerodha | Motilal Oswal |
|---|---|---|
| Broker type | Discount Broker | Full-Service Broker |
| Account opening | ₹200 for equity account; commodity account charges may apply | Offer/plan-dependent |
| Annual maintenance | ₹300 + GST per year for non-BSDA individual accounts; verify current tariff | Plan/account-dependent |
| Equity delivery | ₹0 brokerage on equity delivery | Custom/plan-dependent |
| Equity intraday | 0.03% or ₹20 per executed order, whichever is lower | Custom/plan-dependent |
| Futures | 0.03% or ₹20 per executed order, whichever is lower | Custom/plan-dependent |
| Options | ₹20 per executed order | Custom/plan-dependent |
| Commodity | Available only where enabled by the broker; verify current segment availability and tariff. | Available only where enabled by the broker; verify current segment availability and tariff. |
| Currency | Available only where enabled by the broker; verify current segment availability and tariff. | Available only where enabled by the broker; verify current segment availability and tariff. |
| DP charges | Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page. | Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page. |
| MTF | Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms. | Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms. |
| Call & trade | May attract an additional assisted-order charge; verify the current tariff. | May attract an additional assisted-order charge; verify the current tariff. |
| Customer support | Official app/web help centre, ticket, email and/or phone support; channels vary by broker. | Official app/web help centre, ticket, email and/or phone support; channels vary by broker. |
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.
Zerodha operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
Zerodha brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
The products field on this page lists the major investment and trading segments available through Zerodha. Availability and activation requirements may vary by user and segment.
Zerodha may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
Motilal Oswal operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
Motilal Oswal brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
The products field on this page lists the major investment and trading segments available through Motilal Oswal. Availability and activation requirements may vary by user and segment.
Motilal Oswal may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
