Motilal Oswal Vs Zerodha – Broker Comparison and Review 2021
Motilal Oswal is a full-time Brokerage firm established in 1987 and after 13 years of establishment, Zerodha came to the field on August 15, 2010.
Motilal Holds approximately 32lakh Clients and Zerodha approximately holds 50lakh clients.
What are the disadvantages of Motilal Oswal?
Compare Motilal Oswal and Zerodha: Motilal Firm Charges 0.05% in intraday and 0.5% in delivery as charges against the total amount traded. This is a very high brokerage when compared to discount firms like Zerodha and 5paisa. Below I just calculated for 1000 shares on 150 rupees sell.
Charges of both firms to be compared, when we compared we found shocking results:
Then, which one to choose Motilal Oswal or Zerodha? This is very common confusion as Motilal does a huge amount of marketing and Zerodha is never been advertised in any media. People experienced best and Zerodha becomes popular.
Futures and Options lots are charges very higher in Motilal, 70Rs per lot is very huge when you calculate for 10 transactions it is reaching 700Rs. Where are Zerodha will cost you only 200Rs or even lesser as they say either 0.01% or 20RS whichever lower.
Motilal Charges Screen-1: When we calculated 1000 Shares for buy price of 500Rs and sell price of 510Rs for 1000 Shares then the result is like this.
794Rs charges applied for Intra-day. If it is Zerodha then only 20Rs would be the charges.
The same thing we changed to delivery and the charges are shocking. The amount reaches 7,039Rs.
Motilal Charges Screen-2: When we calculated 10,000 Shares for the buy price of 500Rs and the sell price of 510Rs then the result is like this.
In the trade you have to pay 7,040Rs as a fee, this is a ruthless company to charges so much. If Zerodha then it is free of cost trade. literally, zero brokerage charges applied.
Drop your idea of Motilal now right away and pick Zerodha, here is the Step by Step Guide to Open Zerodha Trading & Demat accountOpen Zerodha Demat Account
Motilal intraday: here also the charges said as 0.05% which means 50Rs is charges per 1 lakh trade.
Motilal Delivery: here also same as IIFL, the charges said as 0.5% which means 500Rs is charged per 1 lakh trade.
Zerodha Intraday: here it is said as 0.03% or 20 Rs whichever lower. 0.03% of 1lakh rupees will be 30Rs and it is more than 20Rs. so lower is 20Rs so your charges would be 20Rs only.
Zerodha in Delivery: FREE means Zero Brokerages for all delivery trades.
|DP Transaction Charge||Rs 20/Debit Transaction is applied in Motilal Oswal||Rs 14 only per debit instruction in Zerodha|
Who is the Best Motilal Oswal or Zerodha?
Zerodha is best for many reasons and few are according to us are listed here:
- even for 10lakh rupees worth trading, you pay 20Rs in intraday or completely free of charges in delivery.
- Best trading platform kite.30, consumes the lowest data and performs with very low bandwidth
- Best learning platform called Zerodha Varsity –
- Holds 4.8million active clients, which means so many people trust Zerodha
- Zerodha Pi, SmallCases, Q&A, and many platforms make life easier to every stage people, learners, traders, analysts, and experts. All types of people are satisfied. Zerodha holds the largest customer support, approximately 1700 Employees.
- The account Opening process is completely online
Now, you take the decision and tell us who is best Motilal Oswal or Zerodha. if you agree with me and choose Zerodha then the next step is to open demat account in them – here is Step by Step Guide to Open Zerodha Trading & Demat account