Motilal Oswal and Finvasia 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 Finvasia is listed as a Private Discount Broker , established in 2009 and headquartered in Mohali.
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 Finvasia 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.
Finvasia is listed as a Private Discount Broker established in 2009 with headquarters in Mohali and founded by Tajinder Pal Singh & Sarvjeet Singh. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, live market tracking and multi-profile management. 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.
Motilal Oswal vs Finvasia — A Comprehensive Company Overview
| Company Overview | Motilal Oswal | Finvasia |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Full Service | Discount Broker |
| Headquarters | Mumbai | Mohali |
| Founder | Motilal Oswal, Raamdeo Agrawal | Tajinder Pal Singh & Sarvjeet Singh |
| Establishment Year | 1987 | 2009 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Motilal Oswal and Finvasia.
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 Finvasia charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Motilal Oswal charges 0.02% of Transaction Value while Finvasia charges Free.
Equity futures: This charge applies to futures contracts on stocks and indices. Motilal Oswal charges 0.02% of Transaction Value while Finvasia charges Free.
Equity options: This charge applies to equity option contracts. Motilal Oswal charges Rs.20 per Lot while Finvasia charges Free.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Motilal Oswal charges 0.02% of Transaction Value while Finvasia charges Free.
Commodity options: This charge applies to option contracts on commodity instruments. Motilal Oswal charges Rs.20 per Lot while Finvasia charges Free.
Currency futures: This charge allows participation in forex price movements on the exchange. Motilal Oswal charges 0.02% of Transaction Value while Finvasia charges Free.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Motilal Oswal charges Rs.20 per Lot while Finvasia charges Free.
Motilal Oswal vs Finvasia — Detailed Brokerage Comparison
| Brokerage | Motilal Oswal | Finvasia |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.20% of Transaction Value | Free |
| Equity Intraday | 0.02% of Transaction Value | Free |
| Equity Future | 0.02% of Transaction Value | Free |
| Equity Option | Rs.20 per Lot | Free |
| Commodity Future | 0.02% of Transaction Value | Free |
| Commodity Option | Rs.20 per Lot | Free |
| Currency Future | 0.02% of Transaction Value | Free |
| Currency Option | Rs.20 per Lot | Free |
Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Finvasia provides mobile app access and web trading for its users.
Android app: Motilal Oswal and Finvasia both list an Android trading app.
iOS app: Motilal Oswal and Finvasia both list an iOS trading app.
Web trading platform: Motilal Oswal and Finvasia both list a web trading platform.
Desktop trading terminal: Motilal Oswal lists a desktop trading terminal, while Finvasia does not currently mention it.
Algo trading: Motilal Oswal lists algo trading support, while Finvasia does not currently mention it.
Basket trading: Motilal Oswal lists basket trading, while Finvasia does not currently mention it.
Foreign stocks platform: Motilal Oswal lists foreign stocks access, while Finvasia does not currently mention it.
Mutual fund platform: Motilal Oswal and Finvasia both list a mutual fund investment platform.
Digital gold platform: Motilal Oswal lists digital gold investing, while Finvasia does not currently mention it.
Bonds platform: Motilal Oswal lists a bonds investment platform, while Finvasia does not currently mention it.
Motilal Oswal vs Finvasia — Complete Comparison of Trading Platforms
| Trading Platform | Motilal Oswal | Finvasia |
|---|---|---|
| Android App | Motilal Oswal Android App Link | Finvasia Android App Link |
| iOS App | Motilal Oswal iOS App Link | Finvasia iOS App Link |
| Web Trading Platform | Motilal Oswal Web Trading Link | Finvasia Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | Available | NA |
| Foreign Stocks Platform | Available | NA |
| Basket Trading Platform | Available | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Available | NA |
| Bonds Platform | Available | NA |
Motilal Oswal highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while Finvasia promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, live market tracking and multi-profile management. 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 Finvasia offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Motilal Oswal and Finvasia offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Motilal Oswal and Finvasia offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Motilal Oswal and Finvasia offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Motilal Oswal offers this; Finvasia does not currently highlight it.
Global indices: Real-time data on leading global stock market indices. Motilal Oswal offers this; Finvasia does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Motilal Oswal offers this; Finvasia does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Motilal Oswal offers this; Finvasia does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Motilal Oswal offers this; Finvasia does not currently highlight it.
Live market: Live updates on market movements and trends. Both Motilal Oswal and Finvasia offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both Motilal Oswal and Finvasia offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Motilal Oswal and Finvasia offer this feature.
Motilal Oswal vs Finvasia — Comprehensive Comparison of Trading Features
| Trading Feature | Motilal Oswal | Finvasia |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | No |
| Global Indices | Yes | No |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | No |
| 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 Motilal Oswal and Finvasia.
Free account opening: Motilal Oswal and Finvasia both list free account opening.
Free AMC: Motilal Oswal and Finvasia both list free Demat AMC.
Free brokerage: Finvasia lists free brokerage, while Motilal Oswal does not currently mention it.
Flat brokerage: Finvasia lists flat brokerage pricing, while Motilal Oswal does not currently mention it.
Flexible brokerage plans: Motilal Oswal lists flexible brokerage plans, while Finvasia does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Finvasia lists free delivery trading, while Motilal Oswal does not currently mention it.
Free intraday trading: Finvasia lists free intraday trading, while Motilal Oswal does not currently mention it.
Free F&O trading: Finvasia lists free F&O trading, while Motilal Oswal does not currently mention it.
Free research reports: Motilal Oswal lists free research reports, while Finvasia does not currently mention it.
Free trading calls: Motilal Oswal lists free trading calls, while Finvasia 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 Finvasia offers 50 Reward Points per Client for referrals.
Motilal Oswal vs Finvasia — Comparison of Latest Offers
| Offer | Motilal Oswal | Finvasia |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | 1st Year Free | Yes |
| Free Brokerage | No | Yes |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | Yes |
| Free F&O Trading | No | Yes |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.500 per Client | 50 Reward Points 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 Finvasia 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 Finvasia — Complete Comparison of Products
| Product | Motilal Oswal | Finvasia |
|---|---|---|
| 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 | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | No |
| Digital Gold | Yes | No |
Demat services: Motilal Oswal and Finvasia both list Demat services.
Trading services: Motilal Oswal and Finvasia both list trading services.
Intraday services: Motilal Oswal and Finvasia both list intraday trading services.
F&O services: Motilal Oswal and Finvasia both list F&O services.
IPO services: Motilal Oswal and Finvasia 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 Finvasia does not currently mention it.
Stock recommendations: Motilal Oswal lists stock recommendations, while Finvasia does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Motilal Oswal and Finvasia both list share pledging.
PMS or PCG: Motilal Oswal lists PMS or PCG support, while Finvasia does not currently mention it.
NRI services: Motilal Oswal and Finvasia both list NRI services.
Motilal Oswal provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Finvasia offers Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging.
Motilal Oswal vs Finvasia — In-Depth Comparison of Services
| Service | Motilal Oswal | Finvasia |
|---|---|---|
| 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 | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| 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 Motilal Oswal and Finvasia.
Motilal Oswal and Finvasia — Detailed Comparison of Advisory Services
| Advisory | Motilal Oswal | Finvasia |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes, chargeable |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | Yes, chargeable |
| Daily Top Stock Picks | Yes | Yes, chargeable |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | Yes, chargeable |
| 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 Finvasia across different segments.
Motilal Oswal and Finvasia — Comprehensive Comparison of Trading Exposure
| Exposure | Motilal Oswal | Finvasia |
|---|---|---|
| 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 Finvasia both list a sub-broker program. Motilal Oswal and Finvasia both list a partner program. Motilal Oswal and Finvasia both list a referral program.
Motilal Oswal vs Finvasia — Comparative Analysis of Programs
| Program | Motilal Oswal | Finvasia |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes, Limited |
| Referral Program | Yes | Yes |
Motilal Oswal provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Finvasia provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Motilal Oswal operates Available branches.
Motilal Oswal and Finvasia — Comprehensive Comparison of Customer Support
| Support Channel | Motilal Oswal | Finvasia |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 022-40548000, 022-67490600 | 0172-4740000, 0172-6750000 |
| 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 | — |
| 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 Finvasia carries an overall rating of 7.24 / 10.
Motilal Oswal vs Finvasia — Ratings Comparison
| Rating Parameter | Motilal Oswal | Finvasia |
|---|---|---|
| Overall Rating | 9.17 / 10 | 7.24 / 10 |
| Customer Support | 9.13 / 10 | 7.21 / 10 |
| Technology | 9.28 / 10 | 7.33 / 10 |
| Charges | 9.21 / 10 | 7.27 / 10 |
| Products & Services | 9.12 / 10 | 7.20 / 10 |
| Experience | 9.10 / 10 | 7.18 / 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 & Finvasia — Comparison of Customer Complaints
| Complaint Metric | Motilal Oswal | Finvasia |
|---|---|---|
| Total Complaints Lodged | 348 | 31 |
| Total Complaints Resolved | 298 | 21 |
| % of Resolved Complaints | 85.63% | 67.74% |
| Non-Actionable Complaints | 6 | 3 |
| % of Non-Actionable Complaints | 1.72% | 9.68% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Motilal Oswal and Finvasia.
Motilal Oswal vs Finvasia — Detailed Comparison of Transaction Charges
| Transaction Charges | Motilal Oswal | Finvasia |
|---|---|---|
| Equity Delivery | 0.00340% (NSE) & As per Stock (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00340% (NSE) & As per Stock (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.002% (NSE & BSE) | 0.0019% (NSE & BSE) |
| Equity Option | 0.053% (on premium) | 0.05% (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.
Motilal Oswal & Finvasia — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Motilal Oswal | Finvasia |
|---|---|---|
| Pledge Creation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | Rs.20 per Request |
| Pledge Invocation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | Rs.20 per Request |
| Margin Trading Interest | 0.05% 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.
Motilal Oswal and Finvasia — Detailed Comparison of Hidden / Other Charges
| Charge | Motilal Oswal | Finvasia |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.25 per Scrip only on Sell | Rs.30 per Scrip on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Rs.100 | Nil |
| Reactivation Charges | Rs.50 | Nil |
| Dematerialisation Charges | Rs.50 per Certificate | Rs.30 per Certificate |
| Call & Trade Charges | Free | Rs.30 per Trade |
Motilal Oswal lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free). Finvasia lists account opening charges of Free and Demat AMC of Free.
Motilal Oswal vs Finvasia — Detailed Comparison of Demat Charges
| Demat Charges | Motilal Oswal | Finvasia |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs.300 per Year (1st Year Free) | 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.
Motilal Oswal vs Finvasia — Comparative Analysis of STT and CTT Charges
| STT & CTT | Motilal Oswal | Finvasia |
|---|---|---|
| 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.
Motilal Oswal and Finvasia — Comparison of Stamp Duty Charges
| Stamp Duty | Motilal Oswal | Finvasia |
|---|---|---|
| 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 | 0.0001% on buy | 0.0001% on buy |