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ICICIDirect Vs Motilal Oswal - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Trading Account Opening Fee ₹975 ₹975 ₹1000
Trading Account AMC ₹0 ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0 ₹0
Demat Account AMC * ₹600 ₹600 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Monthly Fee NA NA NA
Equity Delivery 0.55% 0.75% to 0.25% 0.50%
Equity Intraday 0.28% 0.75% to 0.25% 0.05%
Equity Future 0.05% to 0.03% 0.05% to 0.03% 0.05%
Equity Options ₹95 to ₹35 per lot ₹95 to ₹65 per lot ₹75 per Lot
Currency Futures 0.050% to 0.030% 0.05% to 0.03% ₹20 per Lot
Currency Options ₹25 to ₹10 per lot ₹95 to ₹65 per lot ₹20 per Lot
Commodity NA NA 0.03%

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)

ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Equity Delivery ₹310 ₹310 NSE ₹335 | BSE ₹1000
Equity Intraday ₹310 ₹310 NSE ₹325 | BSE ₹200
Equity Future * ₹200 ₹200 ₹200
Equity Options * ₹5000 ₹5000 NSE ₹5110 | BSE ₹200
Currency Futures * ₹120 ₹120 ₹125
Currency Options ₹4000 ₹4000 ₹4200

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.

ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Minimum Brokerage ₹35 per trade ₹35 per trade ₹30 for Delivery and ₹15 for Intraday
Call & Trade Rs 25 per call (20 calls free in a month) Rs 25 per call (20 calls free in a month) -
DP Charges (on sell side) 0.04% (Min ₹25 and Max ₹25,000) 0.04% (Min ₹25 and Max ₹25,000) ₹20 or 0.025% of transaction value whichever is higher
Other Miscellaneous Charges - - -

Demat Account Charges

Find charges for the best Demat Account for small investors

ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Depository Service Provider CDSL CDSL CDSL
Account Opening Fee

Stamp Duty at actuals

Stamp Duty at actuals

Nil
Advance Deposite

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

₹0 for ICICI Bank customers.

₹7500 for Non ICICI BANK customers.

Nil
AMC

For Individual account: ₹500 p.a.

For Corporate account: ₹1500 p.a.

For Individual account: ₹500 p.a.

For Corporate account: ₹1500 p.a.

₹700 p.a.
Dematerialisation Charges

₹50 Per Demat Request Form and ₹10 For Each Certificates

₹50 Per Demat Request Form and ₹10 For Each Certificates

₹50 per certificate + ₹50 per request
Rematerialisation Charges

₹30 + CDSL charges at actual

₹30 + CDSL charges at actual

₹35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges
Transaction Charges (Credit) - - -
Transaction Charges (debit)

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30 & maximum ₹500 )

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum ₹30 & maximum ₹500 )

0.025% or ₹30

Pledge Creation Charges

0.03% or minimum of ₹50

0.03% or minimum of ₹50

₹35 per request
Pledge Creation Confirmation Charges

0.03% or minimum of ₹50

0.03% or minimum of ₹50

Nil
Pledge Invocation Charges

0.03% or minimum of ₹50

0.03% or minimum of ₹50

₹35 per request
Failed Instruction Charges

₹30

₹30

Nil
Other Charges

1. Mailing charges for non periodic statements and other communication, ₹50 for inland and ₹500.0 for foreign address.

2. ₹200 for restoring services if account is suspended for non payment of charges.

1. Mailing charges for non periodic statements and other communication, ₹50 for inland and ₹500.0 for foreign address.

2. ₹200 for restoring services if account is suspended for non payment of charges.

Demat Rejection: ₹50 per request

Features

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ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
I-Secure Plan I-Saver Plan Standard Plan
Trading Platform Trade Racer Trade Racer Orion Lite

ProStocks Vs

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES