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Kotak Securities Vs Motilal Oswal Vs Alice Blue: Which one is better?

The brokerage of Kotak Securities ranges between Rs. 20 per order, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Alice Blue ranges between Rs 15. The broker Kotak Securities and Motilal Oswal are full service brokers where Alice Blue is a discount broker. Overall rating for Kotak Securities is 4, Motilal Oswal is rated 4, Alice Blue is rated 4 out of 5.

Here we present side-by-side comparison of Kotak Securities vs Motilal Oswal 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 Kotak Securities vs Motilal Oswal 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 Kotak Securities vs Motilal Oswal vs Alice Blue in this setion with 360 degree view of broker information.

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Service

  Kotak Securities Compare
Kotak Securities
Motilal Oswal Compare
Motilal Oswal
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Broker Overview Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... Know more about Kotak Securities 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. 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.
Broker Enquiry Request call back from Zerodha Request call back from Kotak Securities Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Trading & Demat Account Opening Charges

In this section we have compared Kotak Securities vs Motilal Oswal 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 - Kotak Securities charges Rs 600 PA as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
Charges Kotak Securities Motilal Oswal Alice Blue
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 600 PA Rs 400 per annum [Free for 1st year] Rs 400 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Plan Options

Plans are the most important feature you look when compare Kotak Securities vs Motilal Oswal vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Kotak Securities and Alice Blue offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Plan Options
Plan Types Kotak Securities Motilal Oswal Alice Blue
Multiple Plans Yes No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Kotak Securities Alice Blue
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Motilal Oswal vs Alice Blueon Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

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 Kotak Securities vs Motilal Oswal vs Alice Blue
Brokerage Charges Compare Kotak Securities Motilal Oswal Alice Blue
Plan Name Kotak Securities Trade Free Plan Default Brokerage Plan F15 Plan
Equity Delivery 0.25% 0.20% Free
Equity Intraday Free 0.02% 0.05% or Rs 15 whichever is lower
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.02% 0.05% or Rs 15 whichever is lower
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Rs 20 per lot Flat Fee Rs 15
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Rs 20 per lot 0.05% or Rs 15 whichever is lower
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Rs 20 per lot Flat Fee Rs 15
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 15
Minimum Brokerage Rs 21 per executed order NA
Hidden Charges No No
Call & Trade Charges 20 calls free and after that Rs 20 per call NA Rs 50 per order + GST
Auto Square off Charges 20 calls free and after that Rs 20 per call NA Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Motilal Oswal Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Transaction Charges

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on transaction charges and PCM fee by segment.

Transaction Charges - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
Transaction Charges Compare Kotak Securities Motilal Oswal Alice Blue
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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for alice-blue
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Account Features

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Account Features

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 Account where Motilal Oswal and Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - Kotak Securities and Motilal Oswal offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - Kotak Securities vs Motilal Oswal vs Alice Blue
Account Features Compare Kotak Securities Motilal Oswal Alice Blue
3 in 1 Account Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Kotak Securities have 2-in-1 account. Only Demate and Trading account. No Alice Blue have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No No Yes
SMS Alerts Yes Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes No
Margin Trading Funding Available Yes Yes No
Combined Ledger for Equity and Commodity No Yes Yes
Intraday Square-off Time 3:15PM 3:15PM 3:15 PM
NRI Trading Yes Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Kotak Securities vs Motilal Oswal vs Alice Blueon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities vs Motilal Oswal 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.

Trading Platform - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
Trading Platform Compare Kotak Securities Motilal Oswal Alice Blue
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat

https://power.motilaloswal.com/MOSL/userMaster/login

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App Kotak Neo MO Trader ANT Mobile
Mobile Trading App Demo Kotak Neo Demo MO Trader Demo ANT Mobile Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Kotak Neo Download Andriod MO Trader Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Kotak Neo Download iOS MO Trader Download iOS ANT Mobile Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on User Rating

  Kotak Securities Motilal Oswal Alice Blue
  82 Customer Reviews    Rate Kotak Securities 57 Customer Reviews    Rate Motilal Oswal 20 Customer Reviews    Rate Alice Blue
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Alice Blue is Rated 0.9 / 5 based on 20 customer reviews
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Investment Offerings

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Investment Offerings

Compare Kotak Securities vs Motilal Oswal 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 - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Kotak Securities and Motilal Oswal offers PMS facility where Alice Blue doesn't offers PMS facility.

Investment Offerings - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
Investment Offerings Compare Kotak Securities Motilal Oswal Alice Blue
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application Yes No No
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes No
ETF Yes Yes Yes
Banking Yes No No
Insurance Yes Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes No No
PMS Service Yes Yes No
Other Investment Options NIL NIL NIL
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Customer Service Offered

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Customer Service

Compare Kotak Securities vs Motilal Oswal 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 Support - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
Customer Service Compare Kotak Securities Motilal Oswal Alice Blue
24/7 Customer Service No No No
Email Support Yes Yes No
Onine Live Chat Yes No Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes Yes Yes
Customer Care Number 1800 209 9191 022 40548000/022 67490600 08035215000/080-45490850
Account Opening Process Online Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://edumo.motilaloswal.com/ https://tradeschool.aliceblueonline.com/
Head Office Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website https://www.kotaksecurities.com https://www.motilaloswal.com/ https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Research Reports, Tips

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on research reports and tips provided by broker.

Research Reports - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
  Kotak Securities Motilal Oswal Alice Blue
Research Mutual Funds Yes Yes No
Research Equity Reports Yes Yes No
Research ETF Yes Yes No
Daily Market Report Yes Yes Yes
Free Tips Yes Yes No
Quarterly Result Analysis Yes Yes No
News Alerts Yes Yes No
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Demat Account

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Demat Account

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Kotak Securities vs Motilal Oswal vs Alice Blue
  Kotak Securities Motilal Oswal Alice Blue
DP Source CDSL CDSL CDSL
DP ID 25100 10900 85300
Demat Account Annual Maintenance Charges(AMC) ₹780 pa ₹400 pa ₹400 pa
Advance Deposit NA NIL Rs 0
Statutory charges Nil Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% of the value of the transaction
Demat ₹3 per certificate + ₹50 courier charges ₹50 per certificate + ₹50 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹10 for every hundred securities (Min ₹15) ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹30 per certificate + CDSL charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹35 ₹20 + CDSL charges
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil Nil
Pledge Closure 0.05% of transaction value (Min ₹30) ₹35 ₹20 + CDSL charges
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹35 ₹20 + CDSL charges
Failed Instruction Charges Nil Nil Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Special Offers and Promotion

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Kotak Securities vs Motilal Oswal vs Alice Blue on Special Offers and Promotion
  Kotak Securities Motilal Oswal Alice Blue
Likes
  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

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;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

Dislikes
  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

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)
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