Motilal Oswal and Geojit 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 Geojit is listed as a Private Discount Broker , established in 1986 and headquartered in Kochi.
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 Geojit 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.
Geojit is listed as a Private Discount Broker established in 1986 with headquarters in Kochi and founded by Ramanathan Bupathy & C. J. George. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and live market tracking. Its brokerage model is structured as G-Trade Max.
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 Geojit — A Comprehensive Company Overview
| Company Overview | Motilal Oswal | Geojit |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Full Service | Discount Broker |
| Headquarters | Mumbai | Kochi |
| Founder | Motilal Oswal, Raamdeo Agrawal | Ramanathan Bupathy & C. J. George |
| Establishment Year | 1987 | 1986 |
| Brokerage Plan | Standard Plan | G-Trade Max |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Motilal Oswal and Geojit.
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 Geojit charges 0.30% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Motilal Oswal charges 0.02% of Transaction Value while Geojit charges Rs.20 per Trade or 0.03% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. Motilal Oswal charges 0.02% of Transaction Value while Geojit charges 0.01% of Transaction Value.
Equity options: This charge applies to equity option contracts. Motilal Oswal charges Rs.20 per Lot while Geojit charges Rs.20 per Lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Motilal Oswal charges 0.02% of Transaction Value while Geojit charges 0.01% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Motilal Oswal charges Rs.20 per Lot while Geojit charges Rs.20 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Motilal Oswal charges 0.02% of Transaction Value while Geojit charges 0.01% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Motilal Oswal charges Rs.20 per Lot while Geojit charges Rs.20 per Lot.
Motilal Oswal vs Geojit — Detailed Brokerage Comparison
| Brokerage | Motilal Oswal | Geojit |
|---|---|---|
| Brokerage Plan | Standard Plan | G-Trade Max |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.20% of Transaction Value | 0.30% of Transaction Value |
| Equity Intraday | 0.02% of Transaction Value | Rs.20 per Trade or 0.03% (whichever is low) |
| Equity Future | 0.02% of Transaction Value | 0.01% of Transaction Value |
| Equity Option | Rs.20 per Lot | Rs.20 per Lot |
| Commodity Future | 0.02% of Transaction Value | 0.01% of Transaction Value |
| Commodity Option | Rs.20 per Lot | Rs.20 per Lot |
| Currency Future | 0.02% of Transaction Value | 0.01% of Transaction Value |
| Currency Option | Rs.20 per Lot | Rs.20 per Lot |
Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Geojit provides mobile app access, web trading and desktop terminal access for its users.
Android app: Motilal Oswal and Geojit both list an Android trading app.
iOS app: Motilal Oswal and Geojit both list an iOS trading app.
Web trading platform: Motilal Oswal and Geojit both list a web trading platform.
Desktop trading terminal: Motilal Oswal and Geojit both list a desktop trading terminal.
Algo trading: Motilal Oswal lists algo trading support, while Geojit does not currently mention it.
Basket trading: Motilal Oswal lists basket trading, while Geojit does not currently mention it.
Foreign stocks platform: Motilal Oswal lists foreign stocks access, while Geojit does not currently mention it.
Mutual fund platform: Motilal Oswal and Geojit both list a mutual fund investment platform.
Digital gold platform: Motilal Oswal lists digital gold investing, while Geojit does not currently mention it.
Bonds platform: Motilal Oswal lists a bonds investment platform, while Geojit does not currently mention it.
Motilal Oswal vs Geojit — Complete Comparison of Trading Platforms
| Trading Platform | Motilal Oswal | Geojit |
|---|---|---|
| Android App | Motilal Oswal Android App Link | Geojit Android App Link |
| iOS App | Motilal Oswal iOS App Link | Geojit iOS App Link |
| Web Trading Platform | Motilal Oswal Web Trading Link | Geojit Web Trading Link |
| Trading Terminal | Available | Available |
| 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 Geojit promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and live market 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 Geojit offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Motilal Oswal and Geojit offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Motilal Oswal and Geojit offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Motilal Oswal and Geojit offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Motilal Oswal offers this; Geojit does not currently highlight it.
Global indices: Real-time data on leading global stock market indices. Motilal Oswal offers this; Geojit does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Motilal Oswal offers this; Geojit does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Motilal Oswal and Geojit offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Motilal Oswal offers this; Geojit does not currently highlight it.
Live market: Live updates on market movements and trends. Both Motilal Oswal and Geojit offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Motilal Oswal offers this; Geojit does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Motilal Oswal and Geojit offer this feature.
Motilal Oswal vs Geojit — Comprehensive Comparison of Trading Features
| Trading Feature | Motilal Oswal | Geojit |
|---|---|---|
| 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 | Yes |
| Interactive Charts | Yes | No |
| 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 Geojit.
Free account opening: Motilal Oswal and Geojit both list free account opening.
Free AMC: Motilal Oswal and Geojit both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Geojit lists flat brokerage pricing, while Motilal Oswal does not currently mention it.
Flexible brokerage plans: Motilal Oswal and Geojit 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 and Geojit both list free research reports.
Free trading calls: Motilal Oswal and Geojit both list free trading calls.
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 Geojit offers Rs.1,000 Vouchers per Client for referrals.
Motilal Oswal vs Geojit — Comparison of Latest Offers
| Offer | Motilal Oswal | Geojit |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | 1st Year Free | Yes |
| Free Brokerage | No | No |
| Flat Brokerage | No | Yes, Limited |
| 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 | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.500 per Client | Rs.1,000 Vouchers 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 Geojit 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 Geojit — Complete Comparison of Products
| Product | Motilal Oswal | Geojit |
|---|---|---|
| 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 Geojit both list Demat services.
Trading services: Motilal Oswal and Geojit both list trading services.
Intraday services: Motilal Oswal and Geojit both list intraday trading services.
F&O services: Motilal Oswal and Geojit both list F&O services.
IPO services: Motilal Oswal and Geojit both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Motilal Oswal and Geojit both list stock research.
Stock recommendations: Motilal Oswal and Geojit both list stock recommendations.
Trading education: Neither broker currently highlights trading education.
Share pledging: Motilal Oswal and Geojit both list share pledging.
PMS or PCG: Motilal Oswal and Geojit both list PMS or PCG support.
NRI services: Motilal Oswal lists NRI services, while Geojit does not currently mention it.
Motilal Oswal provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Geojit offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Motilal Oswal vs Geojit — In-Depth Comparison of Services
| Service | Motilal Oswal | Geojit |
|---|---|---|
| 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 | No | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| 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 Geojit.
Motilal Oswal and Geojit — Detailed Comparison of Advisory Services
| Advisory | Motilal Oswal | Geojit |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | No |
| 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 | No |
| Weekly Review | Yes | Yes |
| Relationship Manager | Yes | Yes |
| 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 Geojit across different segments.
Motilal Oswal and Geojit — Comprehensive Comparison of Trading Exposure
| Exposure | Motilal Oswal | Geojit |
|---|---|---|
| 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 Geojit both list a sub-broker program. Motilal Oswal and Geojit both list a partner program. Motilal Oswal and Geojit both list a referral program.
Motilal Oswal vs Geojit — Comparative Analysis of Programs
| Program | Motilal Oswal | Geojit |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| 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. Geojit provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Motilal Oswal operates Available branches. Geojit operates Available branches.
Motilal Oswal and Geojit — Comprehensive Comparison of Customer Support
| Support Channel | Motilal Oswal | Geojit |
|---|---|---|
| Trading Support | Available, Free | Available, Free |
| Dedicated Dealer | Available, Free | Available, Free |
| Call Support | 022-40548000, 022-67490600 | 1800-425-5501, 1800-103-5501 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | 8657075050 | 9995500044, 9995810001 |
| 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. Motilal Oswal carries an overall rating of 9.17 / 10, while Geojit carries an overall rating of 8.52 / 10.
Motilal Oswal vs Geojit — Ratings Comparison
| Rating Parameter | Motilal Oswal | Geojit |
|---|---|---|
| Overall Rating | 9.17 / 10 | 8.52 / 10 |
| Customer Support | 9.13 / 10 | 8.49 / 10 |
| Technology | 9.28 / 10 | 8.62 / 10 |
| Charges | 9.21 / 10 | 8.55 / 10 |
| Products & Services | 9.12 / 10 | 8.47 / 10 |
| Experience | 9.10 / 10 | 8.45 / 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 & Geojit — Comparison of Customer Complaints
| Complaint Metric | Motilal Oswal | Geojit |
|---|---|---|
| Total Complaints Lodged | 348 | 9 |
| Total Complaints Resolved | 298 | 5 |
| % of Resolved Complaints | 85.63% | 55.56% |
| Non-Actionable Complaints | 6 | 2 |
| % of Non-Actionable Complaints | 1.72% | 22.22% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Motilal Oswal and Geojit.
Motilal Oswal vs Geojit — Detailed Comparison of Transaction Charges
| Transaction Charges | Motilal Oswal | Geojit |
|---|---|---|
| Equity Delivery | 0.00340% (NSE) & As per Stock (BSE) | |
| Equity Intraday | 0.00340% (NSE) & As per Stock (BSE) | |
| Equity Future | 0.002% (NSE & BSE) | |
| Equity Option | 0.053% (on premium) | |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | |
| Commodity Option | 0.05% (Non Agri) | |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | |
| Currency Option | 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 & Geojit — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Motilal Oswal | Geojit |
|---|---|---|
| Pledge Creation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | |
| Pledge Invocation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) | |
| 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 Geojit — Detailed Comparison of Hidden / Other Charges
| Charge | Motilal Oswal | Geojit |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.25 per Scrip only on Sell | |
| 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). Geojit lists account opening charges of Free and Demat AMC of Free.
Motilal Oswal vs Geojit — Detailed Comparison of Demat Charges
| Demat Charges | Motilal Oswal | Geojit |
|---|---|---|
| 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 Geojit — Comparative Analysis of STT and CTT Charges
| STT & CTT | Motilal Oswal | Geojit |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on both Buy and Sell sides |
| Equity Intraday | 0.025% on sell | 0.025% on the Sell side only |
| Equity Future | 0.0125% on sell | 0.02% on the Sell side only |
| Equity Option | 0.0625% on sell (on premium) | 0.1% on the Sell side (on premium) |
| Commodity Future | 0.01% on sell (Non-Agri) | |
| Commodity Option | 0.05% on sell | |
| Currency Future | Nil | |
| Currency Option | 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 Geojit — Comparison of Stamp Duty Charges
| Stamp Duty | Motilal Oswal | Geojit |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | 0.002% on buy | |
| Commodity Option | 0.003% on buy | |
| Currency Future | 0.0001% on buy | |
| Currency Option | 0.0001% on buy |