Angel One and Motilal Oswal are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Angel One is listed as a Public Full Service , established in 1987 and headquartered in Mumbai, while Motilal Oswal is listed as a Public Full Service , established in 1987 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Angel One or Motilal Oswal is a better fit for your investment style, platform preference, and budget.
Angel One is listed as a Public Full Service established in 1987 with headquarters in Mumbai and founded by Dinesh Agarwal. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a i-trade Prime brokerage structure.
Motilal Oswal is listed as a Public Full Service established in 1987 with headquarters in Mumbai and founded by Motilal Oswal, Raamdeo Agrawal. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Angel One vs Motilal Oswal — A Comprehensive Company Overview
| Company Overview | Angel One | Motilal Oswal |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Full Service | Full Service |
| Headquarters | Mumbai | Mumbai |
| Founder | Dinesh Agarwal | Motilal Oswal, Raamdeo Agrawal |
| Establishment Year | 1987 | 1987 |
| Brokerage Plan | i-trade Prime | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Angel One and Motilal Oswal.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Angel One charges Free while Motilal Oswal charges 0.20% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while Motilal Oswal charges 0.02% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while Motilal Oswal charges 0.02% of Transaction Value.
Equity options: This charge applies to equity option contracts. Angel One charges Rs.20 per Trade while Motilal Oswal charges Rs.20 per Lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while Motilal Oswal charges 0.02% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Angel One charges Rs.20 per Trade while Motilal Oswal charges Rs.20 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Angel One charges Rs.20 per Trade or 0.25% (whichever is low) while Motilal Oswal charges 0.02% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Angel One charges Rs.20 per Trade while Motilal Oswal charges Rs.20 per Lot.
Angel One vs Motilal Oswal — Detailed Brokerage Comparison
| Brokerage | Angel One | Motilal Oswal |
|---|---|---|
| Brokerage Plan | i-trade Prime | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Free | 0.20% of Transaction Value |
| Equity Intraday | Rs.20 per Trade or 0.25% (whichever is low) | 0.02% of Transaction Value |
| Equity Future | Rs.20 per Trade or 0.25% (whichever is low) | 0.02% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs.20 per Lot |
| Commodity Future | Rs.20 per Trade or 0.25% (whichever is low) | 0.02% of Transaction Value |
| Commodity Option | Rs.20 per Trade | Rs.20 per Lot |
| Currency Future | Rs.20 per Trade or 0.25% (whichever is low) | 0.02% of Transaction Value |
| Currency Option | Rs.20 per Trade | Rs.20 per Lot |
Angel One provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Angel One and Motilal Oswal both list an Android trading app.
iOS app: Angel One and Motilal Oswal both list an iOS trading app.
Web trading platform: Angel One and Motilal Oswal both list a web trading platform.
Desktop trading terminal: Angel One and Motilal Oswal both list a desktop trading terminal.
Algo trading: Angel One and Motilal Oswal both list algo trading support.
Basket trading: Angel One and Motilal Oswal both list basket trading.
Foreign stocks platform: Angel One and Motilal Oswal both list foreign stocks access.
Mutual fund platform: Angel One and Motilal Oswal both list a mutual fund investment platform.
Digital gold platform: Motilal Oswal lists digital gold investing, while Angel One does not currently mention it.
Bonds platform: Motilal Oswal lists a bonds investment platform, while Angel One does not currently mention it.
Angel One vs Motilal Oswal — Complete Comparison of Trading Platforms
| Trading Platform | Angel One | Motilal Oswal |
|---|---|---|
| Android App | Angel One Android App Link | Motilal Oswal Android App Link |
| iOS App | Angel One iOS App Link | Motilal Oswal iOS App Link |
| Web Trading Platform | Angel One Web Trading Link | Motilal Oswal Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | Available | Available |
| Foreign Stocks Platform | Available | Available |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | No | Available |
| Bonds Platform | No | Available |
Angel One highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while Motilal Oswal promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Angel One and Motilal Oswal offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Angel One and Motilal Oswal offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Angel One and Motilal Oswal offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Angel One and Motilal Oswal offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Angel One and Motilal Oswal offer this feature.
Global indices: Real-time data on leading global stock market indices. Both Angel One and Motilal Oswal offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Angel One and Motilal Oswal offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Angel One and Motilal Oswal offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Angel One and Motilal Oswal offer this feature.
Live market: Live updates on market movements and trends. Both Angel One and Motilal Oswal offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Angel One and Motilal Oswal offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Angel One and Motilal Oswal offer this feature.
Angel One vs Motilal Oswal — Comprehensive Comparison of Trading Features
| Trading Feature | Angel One | Motilal Oswal |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | Yes | Yes |
| Customised Recommendations | Yes | Yes |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Angel One and Motilal Oswal.
Free account opening: Motilal Oswal lists free account opening, while Angel One does not currently mention it.
Free AMC: Angel One and Motilal Oswal both list free Demat AMC.
Free brokerage: Angel One lists free brokerage, while Motilal Oswal does not currently mention it.
Flat brokerage: Angel One lists flat brokerage pricing, while Motilal Oswal does not currently mention it.
Flexible brokerage plans: Motilal Oswal lists flexible brokerage plans, while Angel One does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Angel One lists free delivery trading, while Motilal Oswal does not currently mention it.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Angel One and Motilal Oswal both list free research reports.
Free trading calls: Angel One and Motilal Oswal both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Angel One offers Upto Rs.1000 Gift Vouchers per Client while Motilal Oswal offers Upto Rs.500 per Client for referrals.
Angel One vs Motilal Oswal — Comparison of Latest Offers
| Offer | Angel One | Motilal Oswal |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | 1st Year Free | 1st Year Free |
| Free Brokerage | Yes, Limited | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.1000 Gift Vouchers per Client | Upto Rs.500 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | Yes |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Angel One highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Motilal Oswal highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, insurance, corporate bonds, government bonds, digital gold and bonds.
Angel One vs Motilal Oswal — Complete Comparison of Products
| Product | Angel One | Motilal Oswal |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | Yes | No |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | No | Yes |
Demat services: Angel One and Motilal Oswal both list Demat services.
Trading services: Angel One and Motilal Oswal both list trading services.
Intraday services: Angel One and Motilal Oswal both list intraday trading services.
F&O services: Angel One and Motilal Oswal both list F&O services.
IPO services: Angel One and Motilal Oswal both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Angel One and Motilal Oswal both list stock research.
Stock recommendations: Angel One and Motilal Oswal both list stock recommendations.
Trading education: Angel One lists trading education, while Motilal Oswal does not currently mention it.
Share pledging: Angel One and Motilal Oswal both list share pledging.
PMS or PCG: Angel One and Motilal Oswal both list PMS or PCG support.
NRI services: Angel One and Motilal Oswal both list NRI services.
Angel One provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Motilal Oswal offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Angel One vs Motilal Oswal — In-Depth Comparison of Services
| Service | Angel One | Motilal Oswal |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | Yes, Smart Money | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Angel One and Motilal Oswal.
Angel One and Motilal Oswal — Detailed Comparison of Advisory Services
| Advisory | Angel One | Motilal Oswal |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | Yes | Yes |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes |
| Robo Advisory | Yes | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Angel One and Motilal Oswal across different segments.
Angel One and Motilal Oswal — Comprehensive Comparison of Trading Exposure
| Exposure | Angel One | Motilal Oswal |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Angel One and Motilal Oswal both list a sub-broker program. Angel One and Motilal Oswal both list a partner program. Angel One and Motilal Oswal both list a referral program.
Angel One vs Motilal Oswal — Comparative Analysis of Programs
| Program | Angel One | Motilal Oswal |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes, Angel DRA | Yes |
| Referral Program | Yes | Yes |
Angel One provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Motilal Oswal provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Angel One operates Available branches. Motilal Oswal operates Available branches.
Angel One and Motilal Oswal — Comprehensive Comparison of Customer Support
| Support Channel | Angel One | Motilal Oswal |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Free |
| Dedicated Dealer | Available, Chargeable | Available, Free |
| Call Support | 8047480048 | 022-40548000, 022-67490600 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | 8657075050 |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Angel One carries an overall rating of 9.70 / 10, while Motilal Oswal carries an overall rating of 9.17 / 10.
Angel One vs Motilal Oswal — Ratings Comparison
| Rating Parameter | Angel One | Motilal Oswal |
|---|---|---|
| Overall Rating | 9.70 / 10 | 9.17 / 10 |
| Customer Support | 9.66 / 10 | 9.13 / 10 |
| Technology | 9.82 / 10 | 9.28 / 10 |
| Charges | 9.74 / 10 | 9.21 / 10 |
| Products & Services | 9.64 / 10 | 9.12 / 10 |
| Experience | 9.62 / 10 | 9.10 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Angel One & Motilal Oswal — Comparison of Customer Complaints
| Complaint Metric | Angel One | Motilal Oswal |
|---|---|---|
| Total Complaints Lodged | 554 | 348 |
| Total Complaints Resolved | 457 | 298 |
| % of Resolved Complaints | 82.49% | 85.63% |
| Non-Actionable Complaints | 57 | 6 |
| % of Non-Actionable Complaints | 10.29% | 1.72% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Angel One and Motilal Oswal.
Angel One vs Motilal Oswal — Detailed Comparison of Transaction Charges
| Transaction Charges | Angel One | Motilal Oswal |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & As per Stock (BSE) | 0.00340% (NSE) & As per Stock (BSE) |
| Equity Intraday | 0.00325% (NSE) & As per Stock (BSE) | 0.00340% (NSE) & As per Stock (BSE) |
| Equity Future | 0.0019% (NSE & BSE) | 0.002% (NSE & BSE) |
| Equity Option | 0.05% (on premium) | 0.053% (on premium) |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | 0.0009% (NSE) & 0.00022% (BSE) |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) | 0.035% (NSE) & 0.001% (BSE) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Angel One & Motilal Oswal — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Angel One | Motilal Oswal |
|---|---|---|
| Pledge Creation Charges | Rs.20 per Request | Rs.35 per Request or 0.02% of Value (whichever is higher) |
| Pledge Invocation Charges | Rs.50 per Request | Rs.35 per Request or 0.02% of Value (whichever is higher) |
| Margin Trading Interest | 0.049% per day | 0.05% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Angel One and Motilal Oswal — Detailed Comparison of Hidden / Other Charges
| Charge | Angel One | Motilal Oswal |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.13.5 per Scrip only on Sell | Rs.25 per Scrip only on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Free | Rs.100 |
| Reactivation Charges | Free | Rs.50 |
| Dematerialisation Charges | Rs.50 per Certificate | Rs.50 per Certificate |
| Call & Trade Charges | Rs.20 per Trade | Free |
Angel One lists account opening charges of Free and Demat AMC of Rs.240 per Year + GST (1st Year Free). Motilal Oswal lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free).
Angel One vs Motilal Oswal — Detailed Comparison of Demat Charges
| Demat Charges | Angel One | Motilal Oswal |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs.240 per Year + GST (1st Year Free) | Rs.300 per Year (1st Year Free) |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Angel One vs Motilal Oswal — Comparative Analysis of STT and CTT Charges
| STT & CTT | Angel One | Motilal Oswal |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell |
| Equity Future | 0.0125% on sell | 0.0125% on sell |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | 0.01% on sell (Non-Agri) | 0.01% on sell (Non-Agri) |
| Commodity Option | 0.05% on sell | 0.05% on sell |
| Currency Future | Nil | Nil |
| Currency Option | Nil | Nil |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Angel One and Motilal Oswal — Comparison of Stamp Duty Charges
| Stamp Duty | Angel One | Motilal Oswal |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% on buy |
| Equity Intraday | 0.003% on buy | 0.003% on buy |
| Equity Future | 0.002% on buy | 0.002% on buy |
| Equity Option | 0.003% on buy | 0.003% on buy |
| Commodity Future | 0.002% on buy | 0.002% on buy |
| Commodity Option | 0.003% on buy | 0.003% on buy |
| Currency Future | 0.0001% on buy | 0.0001% on buy |
| Currency Option | 0.003% on buy | 0.0001% on buy |