Comparing Motilal Oswal and Angel Broking is like comparing apples to oranges. Both the broking firms differ widely when it comes to brokerages and services.
Though Angel Broking is a full-service brokerage firm, other services are limited to investment in mutual funds and bonds. It does have a unique product, “Loans Against Shares” but the research advisory is nowhere in comparison to what Motilal Oswal offers.
On the other hand, Motilal Oswal additionally offers investment in insurance, gold, wealth, and portfolio management services. However, with Motilal Oswal, the brokerages are on a percentage basis and the annual fee is on the higher side.
Below is a quick comparison of brokerage fees and other charges between Motilal Oswal and Angel Broking.
Motilal Oswal vs Angel Broking (Quick Comparison)
Brokerage Comparison
| Brokerage Charges | Angel Broking (iTrade Prime) | Motilal Oswal |
| Equity Delivery | Rs. 0 | Up to 0.50% depending on the plan |
| Equity Intraday | Rs. 20 per trade | Up to 0.050% on each leg depending on the plan |
| Equity Futures | Rs. 20 per trade | Up to 0.050% on each leg depending on the plan |
| Currency Futures | Rs. 20 per trade | Up to 0.040% on each leg, Up to 20 per lot both depending on the plan |
| Commodity Futures | Rs. 20 per trade | Up to 0.040% on each leg depending on the plan |
| Equity Options | Rs. 20 per trade | Up to Rs. 100 per lot on each leg depending on the plan |
| Currency Options | Rs. 20 per trade | Up to Rs. 20 per lot on each leg depending on the plan |
| Commodity Options | Rs. 20 per trade | — |
Account Charges Comparison
| Account Opening Charges | Angel Broking (Angel One) | Motilal Oswal |
| Demat Account | Rs. 0 | Rs. 0 |
| Trading Account | Rs. 0 | Rs. 500 (usually waived off if you negotiate) |
| Demat AMC Fees | First Year – Rs. 0 Second-year onwards – Rs. 20 per month non-BSDA clients | First Year – Rs. 0 Second-year onwards – Rs. 299 |
| Admin Charges | Rs. 0 | Up to Rs. 199 |
Note – BSDA (Basic Services Demat Account) Clients are those investors or traders who want to invest a small amount of money which is below 2 lakh. SEBI has been directed to offer them low AMC charges to encourage small investors to invest in stocks.
For BSDA (Basic Services Demat Account) Clients charges are common among different brokers –
– ZERO for holding value less than 50,000
– Rs. 100 per year for holding value Between 50,000 To 2,00,000
Let’s go-ahead to compare both brokerage giants side-by-side in detail.
Angel Broking Demat Account (Angel One)
Note – Angel Broking has rebranded itself as Angel One. We are addressing the brokerage firm as Angel Broking to avoid any confusion.
Angel Broking (Angel One) has crossed the 6.25 million client base in September 2021. The company has a wide network of sub-brokers around 11,000 in over 2000 cities and towns in India.
The company offers broking, advisory services, mutual fund investment, margin funding, and loans against shares.
Brokerage Charges
You need to pay a maximum of Rs. 20 per trade across the trading segment irrespective of the trading volume.
| Trading Segment | Brokerage Charges (iTrade Prime) |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Rs. 20 per trade |
| Futures – Equity / Commodity / Currency | Rs. 20 per trade |
| Options – Equity / Currency | Rs. 20 per order |
You have the facility to “Call & Trade” at an additional charge of Rs. 20 per order.
Margin Provided
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| Future & Options(Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Account Opening Charges
| Account Opening | Angel Broking Charges |
| Demat account | Rs. 0 |
| Trading account | Rs. 0 |
| Annual maintenance charges | First Year – Rs. 0 Second-year onwards – Rs. 20 per month non-BSDA clients For BSDA (Basic Services Demat Account) Clients – – ZERO for holding value less than 50,000 – Rs. 100 per year for holding value Between 50,000 To 2,00,000 |
Also read – Kotak Securities Review (in detail)
Angel Broking Trading Platforms
#1. Angel One Trade
Angel One Trade is a blazing fast browser-based trading platform. You can invest in equities, commodities, bonds, currencies, mutual funds, and IPOs in one place.
You can also monitor all the market trends through interactive charts and use technical indicators like Bollinger bands, Fibonacci retracement to make your trading strategies.
Key benefits
- Detailed stock price history and realtime price movements
- Latest news and live market information
- Comprehensive reports to analyze the risk
- All your investments whether equities, mutual funds, bonds or IPOs under one roof
#2. Angel One App
Angel One app is powered by ARQ technology that helps you invest or trade on the go from your mobile phone. ARQ is basically a rule-based investment engine that helps you invest in the right stock at the right time.
Apart from investing in stocks, you also stay updated with the latest market information alerts and tips to get maximum returns.
Key benefits
- Personalized investment tips macthed with your requirements
- Track your investments like stocks, mutual funds, IPO at one place
- Real-time market fluctuation updates
- More than 20 charts for in-depth market analysis.
Best For
Angel Broking Trading and Demat accounts are best for you if you need a full-service broker with flat brokerages.
You would benefit from the flat brokerage of Rs. 20 per trade and a relationship manager to guide you for day trading.
Pros
- Zero brokerage for delivery trades
- A fixed brokerage of Rs. 20 per trade
- Rs. 0 AMC fee for the first year
- Pan India presence across 2000 cities
Cons
- Hidden charges added sometimes
- Does not discloses margin for BO trades
Also read – Zerodha Review
Motilal Oswal Demat Account
Motilal Oswal offers a cutting-edge solid research advisory. The company has more than Rs. 69,500 crores of depository assets and is present at 2200+ locations pan India.
The full-service broker like ICICI Direct, or Sharekhan but it has a massive 30 years of industry presence. The value-added services include;
- Retail broking and distribution
- Mutual Funds
- IPO
- Insurance
- Gold Investment
- Portfolio & wealth management
Motilal Oswal Brokerages & Annual Charges
Motilal offers three types of plans. The brokerage details under each plan are as under;
- Value Pack
| Value Amount | Delivery | Intraday (on each leg) | Futures Equity & Currency (on each leg) | Futures Commodity (on each leg) | Options Equity (per lot on each leg) | Options Currency (per lot on each leg) |
| Rs. 2000 | 0.40% (min 2 paise) | 0.040% | 0.040% | 0.030% | Rs. 50 | Rs. 20 |
| Rs. 3000 | 0.35% (min 2 paise) | 0.035% | 0.035% | 0.025% | Rs. 45 | Rs. 18 |
| Rs. 5000 | 0.30% (min 2 paise) | 0.030% | 0.030% | 0.020% | Rs. 40 | Rs. 15 |
| Rs. 10,000 | 0.25% (min 2 paise) | 0.025% | 0.025% | 0.015% | Rs. 30 | Rs. 12 |
| Rs. 30,000 | 0.20% (min 2 paise) | 0.020% | 0.020% | 0.010% | Rs. 25 | Rs. 11 |
| Rs. 50,000 | 0.15% (min 2 paise) | 0.015% | 0.015% | 0.008% | Rs. 25 | Rs. 10 |
| Rs. 1,00,000 | 0.10% (min 2 paise) | 0.010% | 0.010% | 0.007% | Rs. 20 | Rs. 8 |
- Admin charges under the value pack for all the slabs is Rs. 199 from the first year itself.
- The AMC charges are NIL for the first year. From the second year onwards the charges are Rs. 299 per annum.
- Margin Scheme
| Margin Up to | Delivery | Intraday (on each leg) | Futures Equity (on each leg) | Options Equity (per lot) | Currency F&O (per lot) | AMC Charges p.a | Admin Charges p.a |
| Rs. 9,999 | 0.50% (min 5 paise) | 0.050% | 0.050% | Rs. 100 | Rs. 20 | Rs. 800 | Rs. 199 |
| Rs. 10,000 to 24,999 | 0.50% (min 5 paise) | 0.050% | 0.050% | Rs. 100 | Rs. 20 | Rs. 299 | Rs. 199 |
| Rs. 25,000 to 49,999 | 0.40% (min 3 paise) | 0.040% | 0.040% | Rs. 75 | Rs. 20 | Free | NIL |
| Rs. 50,000 to 99,999 | 0.03% (min 3 paise) | 0.030% | 0.030% | Rs. 70 | Rs. 20 | Free | NIL |
| Rs. 1 lakh to 2,99,999 | 0.25% (min 3 paise) | 0.025% | 0.025% | Rs. 50 | Rs. 20 | Free | NIL |
| Rs. 3 lakh to 4,99,999 | 0.02% (min 2 paise) | 0.020% | 0.020% | Rs. 40 | Rs. 20 | Free | NIL |
| Rs. 5 Lakh | 0.015% (min 1 paise) | 0.015% | 0.015% | Rs. 25 | Rs. 20 | Free | NIL |
| Margin Up to | Commodity Futures (on each leg) |
| Rs. 9,999 | 0.04% |
| Rs. 10,000 to 24,999 | 0.04% |
| Rs. 25,000 to 49,999 | 0.04% |
| Rs. 50,000 to 99,999 | 0.03% |
| Rs. 1 lakh to 2,99,999 | 0.02% |
| Rs. 3 lakh to 4,99,999 | 0.02% |
| Rs. 5 Lakh | 0.01% |
- AMC 999 Plan
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% on each leg |
| Equity Futures | 0.05% on each leg |
| Equity Options | Rs. 100 per lot |
| Currency Futures and Options | Rs. 20 per lot |
| Commodity F&O | 0.030% on each leg |
- Admin Charges – Rs. 199 annually
- AMC Charges – Rs. 800 annually
Margin Provided
The information on margins for various trade types is not available on the Motilal Oswal website. In my research, I have found the margin details as below –
| Segment | Margin | Leverage |
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| Future & Options(Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Also check – Axis Direct Review
Account Opening Charges
Charges for account opening;
| Particulars | Charges |
| Trading account opening charges | Rs. 0 |
| Demat account opening charges | Rs. 0 |
Motilal Oswal Trading Platform
#1. MO Investor
MO Investor is a web-based investment platform with the largest selection of research reports for in-depth technical and fundamental analysis and live streaming quotes. You also get the facility to place bulk orders.
The USP of the MO Investor platform is its Robo wealth and ACE features. Both are AI-based research tools that offer professional investment strategies to help you select the right stock for investment.
Key benefits
- RoboWealth recommends investment tips based on your risk profile
- Suggests top scrips as per your pre-defined investment goals
- Place multiple orders on one click
- Large selection of mutual funds to invest
- 30,000 plus research reports for in-depth analysis
- International stock investments
#2. MO Trader App
MO Trader app is for advanced traders integrated with Algo-based products like Trade Guide Signal, Option Writer, and Option Decoder.
Key benefits
- Use up to 20 stock screeners
- Trade guide signal to help you make right trading decisions
- Place bulk orders from app
- Create and view 4 multi-asset watch lists
- Add up to 50 scrips in a single watchlist
Best For
Motilal Oswal trading and Demat account are best for you if you require research advisory and handholding while trading.
You can also open an account if you trade low volumes, want to avail of PMS, or do not mind paying money for other services.
Pros
- Solid research advisory
- Wealth & portfolio management services
- Smartwatch app for market information
Cons
- A lot of brokerage plans which are confusing
- Rs. 199 admin charges
- Account foreclosure charge of Rs. 500
Check out – Upstox Review
Motilal Oswal vs Angel Broking (Comparison Table)
| Particulars | Angel Broking Details | Motilal Oswal Details |
| Broker Type | Full-Service Broker | Full-Service Broker |
| Can trade-in | Stocks, Equity F&O, Currency F&O, and Commodity F&O | Stocks, Equity F&O, Currency F&O, and Commodity F&O |
| Can invest in | Stocks Mutual funds Loans against shares IPO | Stocks Mutual Funds IPO Gold |
| Other Value Added Products | Research and advisory | Insurance Research and advisory Portfolio & Wealth management services |
| Based in | Mumbai | Mumbai |
| Brokerage Plan | Regular PlaniTrade Prime Plan | Value PackMargin Scheme |
| Brokerage Charges | Details for Angel Broking | Details for Motilal Oswal |
| Equity delivery | Rs. 0 | Up to 0.50% depending on the plan |
| Equity Intraday | Rs. 20 per trade | Up to 0.050% on each leg depending on the plan |
| Account Opening Charges | Angel Broking Details | Motilal Oswal Details |
| Demat Account | Rs. 0 | Rs. 0 |
| Trading Account | Rs. 0 | Rs. 500 (can be waived off) |
| Demat AMC Fees | First Year – Rs. 0 Second-year onwards – Rs. 20 per month | Rs. 299 |
| Admin Charges | Rs. 0 | Up to Rs. 199 |
| Account Type | 2-in-1 | 2-in-1 |
| Platforms | Angel Broking Details | Motilal Oswal Details |
| Trading Platforms | Angel Speed Pro Angel Broking Trade | MO Investor MO Trader Desktop-based trading platform |
| Trading App | Angel Broking App | MO Investor App MO Trader App |
Conclusion
You should look for your trading needs before finalizing a stockbroker. If you need a decent trading platform, low flat brokerage, and margins then Angel Broking (Angel One) is a better option.
But, if you need to build wealth based on solid research advisory then go for Motilal Oswal. The brokerage additionally offers better Portfolio Management Services (PMS) and other value-added services (VAS). But the charges are on the higher side.
