Motilal Oswal and 5Paisa are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Motilal Oswal is listed as a Public Full Service , established in 1987 and headquartered in Mumbai, while 5Paisa is listed as a Public Discount Broker , established in 2016 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 Motilal Oswal or 5Paisa is a better fit for your investment style, platform preference, and budget.
Motilal Oswal is listed as a Public Full Service established in 1987 with headquarters in Mumbai and founded by Motilal Oswal, Raamdeo Agrawal. 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 Standard Plan brokerage structure.
5Paisa is listed as a Public Discount Broker established in 2016 with headquarters in Mumbai and founded by Nirmal Jain. 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 Regular Account.
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.
Motilal Oswal vs 5Paisa — A Comprehensive Company Overview
| Company Overview | Motilal Oswal | 5Paisa |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Full Service | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Motilal Oswal, Raamdeo Agrawal | Nirmal Jain |
| Establishment Year | 1987 | 2016 |
| Brokerage Plan | Standard Plan | Regular Account |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Motilal Oswal and 5Paisa.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Motilal Oswal charges 0.20% of Transaction Value while 5Paisa charges Rs.20 per Trade.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Motilal Oswal charges 0.02% of Transaction Value while 5Paisa charges Rs.20 per Trade.
Equity futures: This charge applies to futures contracts on stocks and indices. Motilal Oswal charges 0.02% of Transaction Value while 5Paisa charges Rs.20 per Trade.
Equity options: This charge applies to equity option contracts. Motilal Oswal charges Rs.20 per Lot while 5Paisa charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Motilal Oswal charges 0.02% of Transaction Value while 5Paisa charges Rs.20 per Trade.
Commodity options: This charge applies to option contracts on commodity instruments. Motilal Oswal charges Rs.20 per Lot while 5Paisa charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. Motilal Oswal charges 0.02% of Transaction Value while 5Paisa charges Rs.20 per Trade.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Motilal Oswal charges Rs.20 per Lot while 5Paisa charges Rs.20 per Trade.
Motilal Oswal vs 5Paisa — Detailed Brokerage Comparison
| Brokerage | Motilal Oswal | 5Paisa |
|---|---|---|
| Brokerage Plan | Standard Plan | Regular Account |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.20% of Transaction Value | Rs.20 per Trade |
| Equity Intraday | 0.02% of Transaction Value | Rs.20 per Trade |
| Equity Future | 0.02% of Transaction Value | Rs.20 per Trade |
| Equity Option | Rs.20 per Lot | Rs.20 per Trade |
| Commodity Future | 0.02% of Transaction Value | Rs.20 per Trade |
| Commodity Option | Rs.20 per Lot | Rs.20 per Trade |
| Currency Future | 0.02% of Transaction Value | Rs.20 per Trade |
| Currency Option | Rs.20 per Lot | Rs.20 per Trade |
Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. 5Paisa provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Motilal Oswal and 5Paisa both list an Android trading app.
iOS app: Motilal Oswal and 5Paisa both list an iOS trading app.
Web trading platform: Motilal Oswal and 5Paisa both list a web trading platform.
Desktop trading terminal: Motilal Oswal and 5Paisa both list a desktop trading terminal.
Algo trading: Motilal Oswal and 5Paisa both list algo trading support.
Basket trading: Motilal Oswal and 5Paisa both list basket trading.
Foreign stocks platform: Motilal Oswal and 5Paisa both list foreign stocks access.
Mutual fund platform: Motilal Oswal and 5Paisa both list a mutual fund investment platform.
Digital gold platform: Motilal Oswal and 5Paisa both list digital gold investing.
Bonds platform: Motilal Oswal and 5Paisa both list a bonds investment platform.
Motilal Oswal vs 5Paisa — Complete Comparison of Trading Platforms
| Trading Platform | Motilal Oswal | 5Paisa |
|---|---|---|
| Android App | Motilal Oswal Android App Link | 5Paisa Android App Link |
| iOS App | Motilal Oswal iOS App Link | 5Paisa iOS App Link |
| Web Trading Platform | Motilal Oswal Web Trading Link | 5Paisa 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 | Available | Available |
| Bonds Platform | Available | Available |
Motilal Oswal highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while 5Paisa 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 Motilal Oswal and 5Paisa offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Motilal Oswal and 5Paisa offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Motilal Oswal and 5Paisa offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Motilal Oswal and 5Paisa offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Motilal Oswal and 5Paisa offer this feature.
Global indices: Real-time data on leading global stock market indices. Both Motilal Oswal and 5Paisa offer this feature.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Motilal Oswal offers this; 5Paisa does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Motilal Oswal offers this; 5Paisa does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Motilal Oswal and 5Paisa offer this feature.
Live market: Live updates on market movements and trends. Both Motilal Oswal and 5Paisa offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Motilal Oswal offers this; 5Paisa does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Motilal Oswal and 5Paisa offer this feature.
Motilal Oswal vs 5Paisa — Comprehensive Comparison of Trading Features
| Trading Feature | Motilal Oswal | 5Paisa |
|---|---|---|
| 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 | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| 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 Motilal Oswal and 5Paisa.
Free account opening: Motilal Oswal and 5Paisa both list free account opening.
Free AMC: Motilal Oswal lists free Demat AMC, while 5Paisa does not currently mention it.
Free brokerage: 5Paisa lists free brokerage, while Motilal Oswal does not currently mention it.
Flat brokerage: 5Paisa lists flat brokerage pricing, while Motilal Oswal does not currently mention it.
Flexible brokerage plans: Motilal Oswal and 5Paisa both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
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: Motilal Oswal lists free research reports, while 5Paisa does not currently mention it.
Free trading calls: Motilal Oswal lists free trading calls, while 5Paisa does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Motilal Oswal offers Upto Rs.500 per Client while 5Paisa offers 12.5% + Rs.100 Referral Credit per Client for referrals.
Motilal Oswal vs 5Paisa — Comparison of Latest Offers
| Offer | Motilal Oswal | 5Paisa |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | 1st Year Free | No |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.500 per Client | 12.5% + Rs.100 Referral Credit per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | Yes | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Motilal Oswal highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while 5Paisa 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, corporate bonds, government bonds, digital gold and bonds.
Motilal Oswal vs 5Paisa — Complete Comparison of Products
| Product | Motilal Oswal | 5Paisa |
|---|---|---|
| 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 | No | No |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | Yes |
| Digital Gold | Yes | Yes |
Demat services: Motilal Oswal and 5Paisa both list Demat services.
Trading services: Motilal Oswal and 5Paisa both list trading services.
Intraday services: Motilal Oswal and 5Paisa both list intraday trading services.
F&O services: Motilal Oswal and 5Paisa both list F&O services.
IPO services: Motilal Oswal and 5Paisa both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Motilal Oswal lists stock research, while 5Paisa does not currently mention it.
Stock recommendations: Motilal Oswal lists stock recommendations, while 5Paisa does not currently mention it.
Trading education: 5Paisa lists trading education, while Motilal Oswal does not currently mention it.
Share pledging: Motilal Oswal and 5Paisa both list share pledging.
PMS or PCG: Motilal Oswal lists PMS or PCG support, while 5Paisa does not currently mention it.
NRI services: Motilal Oswal lists NRI services, while 5Paisa does not currently mention it.
Motilal Oswal provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while 5Paisa offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
Motilal Oswal vs 5Paisa — In-Depth Comparison of Services
| Service | Motilal Oswal | 5Paisa |
|---|---|---|
| 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 | No |
| Stock Recommendations | Yes | No |
| Trading Education | No | Yes, FinSchool |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | Yes | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Motilal Oswal and 5Paisa.
Motilal Oswal and 5Paisa — Detailed Comparison of Advisory Services
| Advisory | Motilal Oswal | 5Paisa |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | No |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Motilal Oswal and 5Paisa across different segments.
Motilal Oswal and 5Paisa — Comprehensive Comparison of Trading Exposure
| Exposure | Motilal Oswal | 5Paisa |
|---|---|---|
| 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 |
Motilal Oswal and 5Paisa both list a sub-broker program. Motilal Oswal and 5Paisa both list a partner program. Motilal Oswal and 5Paisa both list a referral program.
Motilal Oswal vs 5Paisa — Comparative Analysis of Programs
| Program | Motilal Oswal | 5Paisa |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Motilal Oswal provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. 5Paisa provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Motilal Oswal operates Available branches.
Motilal Oswal and 5Paisa — Comprehensive Comparison of Customer Support
| Support Channel | Motilal Oswal | 5Paisa |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 022-40548000, 022-67490600 | 8976689766 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | 8657075050 | NA |
| 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 | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Motilal Oswal carries an overall rating of 9.17 / 10, while 5Paisa carries an overall rating of 9.60 / 10.
Motilal Oswal vs 5Paisa — Ratings Comparison
| Rating Parameter | Motilal Oswal | 5Paisa |
|---|---|---|
| Overall Rating | 9.17 / 10 | 9.60 / 10 |
| Customer Support | 9.13 / 10 | 9.57 / 10 |
| Technology | 9.28 / 10 | 9.72 / 10 |
| Charges | 9.21 / 10 | 9.64 / 10 |
| Products & Services | 9.12 / 10 | 9.55 / 10 |
| Experience | 9.10 / 10 | 9.53 / 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.
Motilal Oswal & 5Paisa — Comparison of Customer Complaints
| Complaint Metric | Motilal Oswal | 5Paisa |
|---|---|---|
| Total Complaints Lodged | 348 | 178 |
| Total Complaints Resolved | 298 | 145 |
| % of Resolved Complaints | 85.63% | 81.46% |
| Non-Actionable Complaints | 6 | 17 |
| % of Non-Actionable Complaints | 1.72% | 9.55% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Motilal Oswal and 5Paisa.
Motilal Oswal vs 5Paisa — Detailed Comparison of Transaction Charges
| Transaction Charges | Motilal Oswal | 5Paisa |
|---|---|---|
| Equity Delivery | 0.00340% (NSE) & As per Stock (BSE) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Intraday | 0.00340% (NSE) & As per Stock (BSE) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Future | 0.002% (NSE & BSE) | NSE: 0.00173% | BSE: 0 |
| Equity Option | 0.053% (on premium) | NSE: 0.03503% | BSE: Sensex 50/Stock options 0.0050% | Sensex/Bankex options 0.0325% |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | Group A: 0.0021% | Group B: PEPPER - 0.00005% | KAPAS - 0.0026% | CASTORSEED - 0.0005% | RBDPMOLEIN - 0.001% |
| Commodity Option | 0.05% (Non Agri) | 0.0418% |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | NSE: 0.00035% | BSE: 0.00045% |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) | NSE: 0.0311% | BSE: 0.001% |
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.
Motilal Oswal & 5Paisa — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Motilal Oswal | 5Paisa |
|---|---|---|
| Pledge Creation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | ₹20 + Applicable GST |
| Pledge Invocation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | ₹20 + Applicable GST |
| Margin Trading Interest | 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.
Motilal Oswal and 5Paisa — Detailed Comparison of Hidden / Other Charges
| Charge | Motilal Oswal | 5Paisa |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | 0.0001% |
| DP Charges | Rs.25 per Scrip only on Sell | ₹20 + GST per scrip |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | - |
| Account Closure Charges | Rs.100 | - |
| Reactivation Charges | Rs.50 | - |
| Dematerialisation Charges | Rs.50 per Certificate | - |
| Call & Trade Charges | Free | - |
Motilal Oswal lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free). 5Paisa lists account opening charges of Free and Demat AMC of Rs.300 per Year.
Motilal Oswal vs 5Paisa — Detailed Comparison of Demat Charges
| Demat Charges | Motilal Oswal | 5Paisa |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs.300 per Year (1st Year Free) | Rs.300 per Year |
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.
Motilal Oswal vs 5Paisa — Comparative Analysis of STT and CTT Charges
| STT & CTT | Motilal Oswal | 5Paisa |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on both Buy & Sell sides |
| Equity Intraday | 0.025% on sell | 0.025% on the Sell side only |
| Equity Future | 0.0125% on sell | 0.01% on the Sell side |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on the Sell side (on Premium) |
| Commodity Future | 0.01% on sell (Non-Agri) | 0.01% on the Sell side |
| Commodity Option | 0.05% on sell | 0.05% on the Sell side |
| Currency Future | Nil | 0 |
| Currency Option | Nil | 0 |
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.
Motilal Oswal and 5Paisa — Comparison of Stamp Duty Charges
| Stamp Duty | Motilal Oswal | 5Paisa |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% or ₹1500 / crore on buy-side |
| Equity Intraday | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Equity Future | 0.002% on buy | 0.002% or ₹200 / crore on buy-side |
| Equity Option | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Commodity Future | 0.002% on buy | 0.002% or ₹200 / crore on buy-side |
| Commodity Option | 0.003% on buy | 0.003% or ₹300 / crore on buy-side |
| Currency Future | 0.0001% on buy | 0.0001% or ₹10 / crore on buy-side |
| Currency Option | 0.0001% on buy | 0.0001% or ₹10 / crore on buy-side |