Motilal Oswal Vs Elite Wealth
Motilal Oswal
Motilal Oswal is a full service Broker. Motilal Oswal Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Motilal Oswal Vs Elite Wealth - Broker Details
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1987 | 1990 |
| Exchanges | BSE, NSE | NSE, BSE, MCX and NCDEX |
| Branches | 3463+ | N/A |
| Brokerage | 0.02% | 0.03% |
| Broker Type | Full Service Broker | Full Service Broker |
Motilal Oswal Vs Elite Wealth - Account Opening & AMC Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | Free (₹400 from 2nd year) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Motilal Oswal Vs Elite Wealth - Brokerage charges & Plans
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.05% on both side | 0.03% |
| Currency Futures | ₹20/Lot | 0.03% |
| Equity Delivery | 0.20% | 0.33% |
| Equity Options | ₹20/Lot | ₹33 per Lot |
| Commodity Options | ₹200/ Lot | 0.03% |
| Equity Futures | 0.05% (both side) | 0.03% |
| Currency Options | ₹20/ Lot | ₹33 per Lot |
| Fixed Charges | ₹2000 (one-time fee) | 0.03% |
| Equity Intraday | 0.02% | 0.03% |
Motilal Oswal Vs Elite Wealth - Other Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹25/Order | ₹0 (Free) |
| Other Brokerage Charges | ₹2000 (one-time fee) | 0.03% |
| Minimum Brokerage | 0.02% | 0.03% |
Motilal Oswal Vs Elite Wealth - Transaction Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Currency Options | ₹4200 | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | ₹200 | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE ₹325 | BSE ₹200 | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | NSE ₹5110 | BSE ₹200 | NSE: 0.053% on Premium value |
| Commodity | ₹250 | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | ₹125 | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE ₹335 | BSE ₹1000 | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Motilal Oswal Vs Elite Wealth - Margin (Exposure)
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Motilal Oswal Vs Elite Wealth - Features
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:10 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Desktop Application. 2. MO Trader (Online Trading App). 3. SmartWatch App. 4. MO Investor (Financial Fitness Platform). 5. Option Writer. 6. Option dCoder. | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Motilal Oswal Vs Elite Wealth - Review & Rating
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
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| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Motilal Oswal Vs Elite Wealth - Request a call back from Broker
| Motilal Oswal | Elite Wealth | |
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Motilal Oswal Vs Elite Wealth - Investment Options
| Motilal Oswal | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Motilal Oswal Vs Elite Wealth - Order Type
| Motilal Oswal | Elite Wealth | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Motilal Oswal Vs Elite Wealth - Research & Report
| Motilal Oswal | Elite Wealth | |
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| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Motilal Oswal Vs Elite Wealth - Daily Market Report
| Motilal Oswal | Elite Wealth | |
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| Daily Market Reports & News |
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Motilal Oswal Vs Elite Wealth - Suitable For Investor
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Motilal Oswal Vs Elite Wealth - Pros & Cons
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Pros | 1. It has more than 20 years of experience in the trading and investment sector. 2. It provides its investment services in Equity, Derivatives, IPO, Mutual Funds, Insurance and the Fixed Deposit segments. 3. It provides various value pack brokerage schemes that offers various brokerage options. 4. It provides a complete ease of operation with 60+ banks for the fund transfer. 5. It provides various research advisory services. 6. Various Trading software are to be provided to the customers for free. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1. It has high brokerage in comparison with the various discount brokers like Zerodha and 5Paisa. 2. The brokerage value pack scheme is competitive but then it requires an upfront fee at the time of opting for the plan. The plans can’t be updated or cancelled after the selection. 3. It does not avail its customers with a three-in-one account facility. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Motilal Oswal Vs Elite Wealth - Background
| Motilal Oswal | Elite Wealth | |
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Motilal Oswal Vs Elite Wealth - Compare All Brokers
| Motilal Oswal | Elite Wealth | |
|---|---|---|
Motilal Oswal Vs Elite Wealth - STT/CTT
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Motilal Oswal Vs Elite Wealth - Demat transaction charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹30 or 0.03% (whichever is higher) | No Charges |
Motilal Oswal Vs Elite Wealth - GST
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
Motilal Oswal Vs Elite Wealth - SEBI Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Motilal Oswal Vs Elite Wealth - Account Opening & AMC Charges
Motilal Oswal
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
Free (₹400 from 2nd year)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Motilal Oswal Vs Elite Wealth
| Motilal Oswal | Elite Wealth | |
|---|---|---|
Motilal Oswal Review | Brokerage Charges, Account OpeningMotilal Oswal is among the oldest full-service stock broking firm. It was incorporated in the year 1987. It is one of the oldest stock broking firm in India. It is famous for its services such as trading applications, portfolio management services and the quick customer support. The company also provides various trading services in various sector .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Motilal Oswal Vs Elite Wealth - Brokerage charges & Plans
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.05% on both side | 0.03% |
| Currency Futures | ₹20/Lot | 0.03% |
| Equity Delivery | 0.20% | 0.33% |
| Equity Options | ₹20/Lot | ₹33 per Lot |
| Commodity Options | ₹200/ Lot | 0.03% |
| Equity Futures | 0.05% (both side) | 0.03% |
| Currency Options | ₹20/ Lot | ₹33 per Lot |
| Fixed Charges | ₹2000 (one-time fee) | 0.03% |
| Equity Intraday | 0.02% | 0.03% |
Motilal Oswal Vs Elite Wealth - Margin (Exposure)
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Motilal Oswal Vs Elite Wealth - Other Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹25/Order | ₹0 (Free) |
| Other Brokerage Charges | ₹2000 (one-time fee) | 0.03% |
| Minimum Brokerage | 0.02% | 0.03% |
Motilal Oswal Vs Elite Wealth - STT/CTT
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on Sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on Sell Side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Motilal Oswal Vs Elite Wealth - Demat transaction charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹30 or 0.03% (whichever is higher) | No Charges |
Motilal Oswal Vs Elite Wealth - GST
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
Motilal Oswal Vs Elite Wealth - SEBI Charges
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Motilal Oswal Vs Elite Wealth - Features
| Motilal Oswal | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:10 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Desktop Application. 2. MO Trader (Online Trading App). 3. SmartWatch App. 4. MO Investor (Financial Fitness Platform). 5. Option Writer. 6. Option dCoder. | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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