Motilal Oswal vs Angel Broking

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 ChargesAngel Broking (iTrade Prime)Motilal Oswal 
Equity DeliveryRs. 0Up to 0.50% depending on the plan
Equity IntradayRs. 20 per tradeUp to 0.050% on each leg  depending on the plan
Equity FuturesRs. 20 per tradeUp to 0.050% on each leg  depending on the plan
Currency Futures Rs. 20 per tradeUp to 0.040% on each leg, 
Up to  20 per lot both depending on the plan
Commodity FuturesRs. 20 per tradeUp to 0.040% on each leg depending on the plan
Equity OptionsRs. 20 per tradeUp to Rs. 100 per lot on each leg depending on the plan
Currency OptionsRs. 20 per tradeUp to Rs. 20 per lot on each leg depending on the plan
Commodity OptionsRs. 20 per trade

Account Charges Comparison

Account Opening ChargesAngel Broking (Angel One)Motilal Oswal 
Demat AccountRs. 0Rs. 0
Trading AccountRs. 0Rs. 500 (usually waived off if you negotiate)
Demat AMC FeesFirst Year – Rs. 0
Second-year onwards – Rs. 20 per month non-BSDA clients
First Year – Rs. 0
Second-year onwards – Rs. 299
Admin ChargesRs. 0Up 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)

angle 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 SegmentBrokerage Charges (iTrade Prime)
Equity DeliveryRs. 0
Equity IntradayRs. 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

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
Future & Options(Equity, Currency and Commodities)100% of NRML margin
(Span + Exposure)
1x

Account Opening Charges 

Account Opening Angel Broking Charges
Demat accountRs. 0
Trading accountRs. 0
Annual maintenance chargesFirst 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

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

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

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;

  1. Value Pack
Value AmountDeliveryIntraday (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. 20000.40%
(min 2 paise)
0.040%0.040%0.030%Rs. 50Rs. 20
Rs. 30000.35%
(min 2 paise)
0.035%0.035%0.025%Rs. 45Rs. 18
Rs. 50000.30%
(min 2 paise)
0.030%0.030%0.020%Rs. 40Rs. 15
Rs. 10,0000.25%
(min 2 paise)
0.025%0.025%0.015%Rs. 30Rs. 12
Rs. 30,0000.20% (min 2 paise)0.020%0.020%0.010%Rs. 25Rs. 11
Rs. 50,0000.15% (min 2 paise)0.015%0.015%0.008%Rs. 25Rs. 10
Rs. 1,00,0000.10% (min 2 paise)0.010%0.010%0.007%Rs. 20Rs. 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.  
  1. Margin Scheme
Margin Up to DeliveryIntraday (on each leg)Futures Equity (on each leg)Options Equity (per lot)Currency F&O (per lot)AMC Charges p.aAdmin Charges p.a
Rs. 9,9990.50%
(min 5 paise)
0.050%0.050%Rs. 100Rs. 20Rs. 800Rs. 199
Rs. 10,000 to 24,9990.50%
(min 5 paise)
0.050%0.050%Rs. 100Rs. 20Rs. 299Rs. 199
Rs. 25,000 to 49,9990.40%
(min 3 paise)
0.040%0.040%Rs. 75Rs. 20FreeNIL
Rs. 50,000 to 99,9990.03% (min 3 paise)0.030%0.030%Rs. 70Rs. 20FreeNIL
Rs. 1 lakh to 2,99,9990.25% (min 3 paise)0.025%0.025%Rs. 50Rs. 20FreeNIL
Rs. 3 lakh to 4,99,9990.02% (min 2 paise)0.020%0.020%Rs. 40Rs. 20FreeNIL
Rs. 5 Lakh0.015% (min 1 paise)0.015%0.015%Rs. 25Rs. 20FreeNIL
Margin Up to Commodity Futures (on each leg)
Rs. 9,9990.04% 
Rs. 10,000 to 24,9990.04% 
Rs. 25,000 to 49,9990.04% 
Rs. 50,000 to 99,9990.03% 
Rs. 1 lakh to 2,99,9990.02% 
Rs. 3 lakh to 4,99,9990.02% 
Rs. 5 Lakh0.01% 
  1. AMC 999 Plan
Trading TypeBrokerage Charges
Equity Delivery0.50%
Equity Intraday0.05% on each leg
Equity Futures0.05% on each leg
Equity OptionsRs. 100 per lot
Currency Futures and OptionsRs. 20 per lot
Commodity F&O0.030% 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 – 

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
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; 

ParticularsCharges
Trading account opening chargesRs. 0
Demat account opening chargesRs. 0

Motilal Oswal Trading Platform

#1. MO Investor

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

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)

ParticularsAngel Broking DetailsMotilal Oswal Details
Broker TypeFull-Service BrokerFull-Service Broker
Can trade-in Stocks, Equity F&O, Currency F&O, and Commodity F&OStocks, 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 ProductsResearch and advisoryInsurance Research and advisory
Portfolio & Wealth management services
Based in MumbaiMumbai
Brokerage PlanRegular PlaniTrade Prime PlanValue PackMargin Scheme 
Brokerage ChargesDetails for Angel BrokingDetails for Motilal Oswal 
Equity deliveryRs. 0Up to 0.50% depending on the plan
Equity IntradayRs. 20 per tradeUp to 0.050% on each leg  depending on the plan
Account Opening ChargesAngel Broking DetailsMotilal Oswal Details
Demat AccountRs. 0Rs. 0
Trading AccountRs. 0Rs. 500 (can be waived off)
Demat AMC FeesFirst Year – Rs. 0
Second-year onwards – Rs. 20 per month
Rs. 299 
Admin ChargesRs. 0Up to Rs. 199
Account Type2-in-12-in-1
PlatformsAngel Broking DetailsMotilal Oswal Details
Trading PlatformsAngel Speed Pro
Angel Broking Trade
MO Investor
MO Trader
Desktop-based trading platform
Trading AppAngel Broking AppMO 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. 

About Raghav

Raghav is an investment analyst with a commerce education background who loves to write & share his investment ideas.

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