Motilal Oswal vs Lemonn – Compare Charges, Trading Features, Offers & More

Overview — Motilal Oswal vs. Lemonn

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.

Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds 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, research reports and customised recommendations. Its brokerage model is structured as Standard.

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.

Brokerage charges comparison — Motilal Oswal vs. Lemonn

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Motilal Oswal and Lemonn.

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 Lemonn charges Rs 20 per executed order.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Motilal Oswal charges 0.02% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity futures: This charge applies to futures contracts on stocks and indices. Motilal Oswal charges 0.02% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity options: This charge applies to equity option contracts. Motilal Oswal charges Rs.20 per Lot while Lemonn charges Rs 20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Motilal Oswal charges 0.02% of Transaction Value . Lemonn does not currently list a charge for this segment.

Commodity options: This charge applies to option contracts on commodity instruments. Motilal Oswal charges Rs.20 per Lot . Lemonn does not currently list a charge for this segment.

Currency futures: This charge allows participation in forex price movements on the exchange. Motilal Oswal charges 0.02% of Transaction Value . Lemonn does not currently list a charge for this segment.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Motilal Oswal charges Rs.20 per Lot . Lemonn does not currently list a charge for this segment.

Trading platforms comparison — Motilal Oswal vs. Lemonn

Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Lemonn provides mobile app access, web trading and desktop terminal access for its users.

• Android app: Motilal Oswal and Lemonn both list an Android trading app.

• iOS app: Motilal Oswal and Lemonn both list an iOS trading app.

• Web trading platform: Motilal Oswal and Lemonn both list a web trading platform.

• Desktop trading terminal: Motilal Oswal and Lemonn both list a desktop trading terminal.

• Algo trading: Motilal Oswal lists algo trading support, while Lemonn does not currently mention it.

• Basket trading: Motilal Oswal lists basket trading, while Lemonn does not currently mention it.

• Foreign stocks platform: Motilal Oswal lists foreign stocks access, while Lemonn does not currently mention it.

• Mutual fund platform: Motilal Oswal and Lemonn both list a mutual fund investment platform.

• Digital gold platform: Motilal Oswal lists digital gold investing, while Lemonn does not currently mention it.

• Bonds platform: Motilal Oswal lists a bonds investment platform, while Lemonn does not currently mention it.

Motilal Oswal vs. Lemonn — Comparison of trading features

Motilal Oswal highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while Lemonn promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. 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 Lemonn offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Motilal Oswal and Lemonn offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Motilal Oswal and Lemonn offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Motilal Oswal and Lemonn offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Motilal Oswal and Lemonn offer this feature.

• Global indices: Real-time data on leading global stock market indices. Motilal Oswal offers this; Lemonn does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Motilal Oswal and Lemonn offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Motilal Oswal and Lemonn offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Motilal Oswal and Lemonn offer this feature.

• Live market: Live updates on market movements and trends. Both Motilal Oswal and Lemonn offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Both Motilal Oswal and Lemonn offer this feature.

• Secure platform: A secure trading environment with next-generation security controls. Both Motilal Oswal and Lemonn offer this feature.

Motilal Oswal vs. Lemonn — Comparison of offers

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 Lemonn.

• Free account opening: Motilal Oswal and Lemonn both list free account opening.

• Free AMC: Motilal Oswal and Lemonn both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Lemonn lists flat brokerage pricing, while Motilal Oswal does not currently mention it.

• Flexible brokerage plans: Motilal Oswal lists flexible brokerage plans, while Lemonn does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Lemonn 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: Motilal Oswal lists free research reports, while Lemonn does not currently mention it.

• Free trading calls: Motilal Oswal lists free trading calls, while Lemonn 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 for referrals; Lemonn does not currently list a referral offer.

Offered products comparison — Lemonn vs. Motilal Oswal

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 Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.

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.

• Demat services: Motilal Oswal and Lemonn both list Demat services.

• Trading services: Motilal Oswal and Lemonn both list trading services.

• Intraday services: Motilal Oswal and Lemonn both list intraday trading services.

• F&O services: Motilal Oswal and Lemonn both list F&O services.

• IPO services: Motilal Oswal and Lemonn both list IPO services.

• 3-in-1 account: Lemonn lists 3-in-1 account support, while Motilal Oswal does not currently mention it.

• Stock research: Motilal Oswal and Lemonn both list stock research.

• Stock recommendations: Motilal Oswal and Lemonn both list stock recommendations.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Motilal Oswal and Lemonn both list share pledging.

• PMS or PCG: Motilal Oswal and Lemonn both list PMS or PCG support.

• NRI services: Motilal Oswal lists NRI services, while Lemonn does not currently mention it.

Offered services comparison — Motilal Oswal vs. Lemonn

Motilal Oswal provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Lemonn offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.

Stock advisory service comparison — Motilal Oswal vs. Lemonn

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 Lemonn.

Exposure comparison — Motilal Oswal vs. Lemonn

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Motilal Oswal and Lemonn across different segments.

Comparison of programs — Motilal Oswal vs. Lemonn

Motilal Oswal and Lemonn both list a sub-broker program. Motilal Oswal and Lemonn both list a partner program. Motilal Oswal and Lemonn both list a referral program.

Customer support comparison — Motilal Oswal vs. Lemonn

Motilal Oswal provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. Motilal Oswal operates Available branches.

Ratings — Motilal Oswal vs. Lemonn

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 Lemonn carries an overall rating of 4/5.

Complaints — Motilal Oswal vs. Lemonn

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.

Transaction charges comparison — Motilal Oswal vs. Lemonn

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Motilal Oswal and Lemonn.

Pledge charges comparison — Motilal Oswal vs. Lemonn

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.

Hidden charges comparison — Motilal Oswal vs. Lemonn

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Motilal Oswal vs Lemonn

Motilal Oswal lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free). Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST.

Motilal Oswal vs Lemonn — Compare STT & CTT

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.

Compare stamp duty — Motilal Oswal and Lemonn

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.

User experience: buying stocks