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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of ProStocks ranges between Rs 15, while the brokerage of Alice Blue ranges between Rs 15. The broker ProStocks and Alice Blue are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, ProStocks is rated 4, Alice Blue is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs ProStocks vs Alice Blue stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs ProStocks vs Alice Blue on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Motilal Oswal vs ProStocks vs Alice Blue in this setion with 360 degree view of broker information.
 Motilal Oswal |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE | BSE, NSE, MCX, NCDEX |
| Broker Overview | Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... |
Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. |
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In this section we have compared Motilal Oswal vs ProStocks vs Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.
| Charges | Motilal Oswal | ProStocks | Alice Blue |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 0 (Rs 1000 Refundable Deposit) | Rs 400 PA |
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Plans are the most important feature you look when compare Motilal Oswal vs ProStocks vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks and Alice Blue offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and Alice Blue doesn't offer.
| Plan Types | Motilal Oswal | ProStocks | Alice Blue |
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| Zerodha | Alice Blue | ProStocks | |
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Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
| Brokerage Charges Compare | Motilal Oswal | ProStocks | Alice Blue |
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| Plan Name | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan | F15 Plan |
| Equity Delivery | 0.20% | Free | Free |
| Equity Intraday | 0.02% | Flat Fee Rs 15 | 0.05% or Rs 15 whichever is lower |
| Equity Futures | 0.02% | Flat Fee Rs 15 | 0.05% or Rs 15 whichever is lower |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | Flat Fee Rs 15 | 0.05% or Rs 15 whichever is lower |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | NA | Flat Fee Rs 15 |
| Minimum Brokerage | NA | NA | |
| Hidden Charges | No | No | |
| Call & Trade Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | Rs 50 per order + GST |
| Auto Square off Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | Rs 50 per order + GST |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for ProStocks | Brokerage Calculator for Alice Blue |
Compare Motilal Oswal vs ProStocks vs Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | ProStocks | Alice Blue |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | NA | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for prostocks | Complete Brokerage Plans for alice-blue |
Compare Motilal Oswal vs ProStocks vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal offers margin funding where ProStocks and Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | ProStocks | Alice Blue |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs ProStocks vs Alice Blue. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Motilal Oswal | ProStocks | Alice Blue | ||
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57 Customer Reviews
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20 Customer Reviews
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20 Customer Reviews
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| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | ProStocks is Rated 0.9 / 5 based on 20 customer reviews | Alice Blue is Rated 0.9 / 5 based on 20 customer reviews |
Compare Motilal Oswal vs ProStocks vs Alice Blue on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal and Alice Blue offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Alice Blue offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where ProStocks and Alice Blue doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | ProStocks | Alice Blue |
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| Other Investment Options | NIL | NIL | NIL |
Compare Motilal Oswal vs ProStocks vs Alice Blue on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Motilal Oswal | ProStocks | Alice Blue |
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| Customer Care Number | 022 40548000/022 67490600 | +91-2262-434343 | 08035215000/080-45490850 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://www.prostocks.com/faq.html | https://tradeschool.aliceblueonline.com/ |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website | https://www.motilaloswal.com/ | https://www.prostocks.com | https://www.aliceblueonline.com |
Compare Motilal Oswal vs ProStocks vs Alice Blue on research reports and tips provided by broker.
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Compare Motilal Oswal vs ProStocks vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | ProStocks | Alice Blue | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 83200 | 85300 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free (₹1000 Refundable Deposit) | ₹400 pa |
| Advance Deposit | NIL | 1000/- Refundable Deposit against charges | Rs 0 |
| Statutory charges | Nil | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹20 per ISIN | 0.04% of the value of the transaction |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹50 per set up + ₹50 courier charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹50 per set up + ₹50 courier charges | ₹30 per certificate + CDSL charges |
| Pledge Creation | ₹35 | ₹50 | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | ₹35 | ₹50 | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | ₹35 | ₹50 | ₹20 + CDSL charges |
| Failed Instruction Charges | Nil | ₹50 per transaction | Nil |
| Other Charges |
Compare Motilal Oswal vs ProStocks vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | ProStocks | Alice Blue | |
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. | |
| Enquire for Motilal Oswal | Enquire for ProStocks | Enquire for Alice Blue |
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