Motilal Oswal vs Angel One: Which is the Better Platform?
In this post, I will compare Motilal Oswal and Angel One.
So if you’re looking for a deep comparison of these two popular Brokerages, you’ve come to the right place.
In today’s post, I’m going to compare Motilal Oswal vs Angel One in terms of:
- Overview
- Trading Platform
- Account Opening and Maintenance charges
- Brokerage Charges
- Pros and Cons
Let’s get started.
Motilal Oswal vs Angel One: Summary
Motilal Oswal | Angel One | |
---|---|---|
Type | Full-Service Broker | Full-Service Broker |
Year Founded | 1987 | 1987 |
Headquarters | Mumbai, India | Mumbai, India |
Overall Rating | 4.1 out of 5 | 4.2 out of 5 |
Brokerage Charges for Equity Intraday, F&O, Commodity and Currency | 0.03% or Rs 25 per order, whichever is lower | 0.03% or Rs 20 per order, whichever is lower |
Maximum Brokerage per Executable Order | N/A | Rs 20 |
Zero Brokerage on Equity Delivery Trading | No | No |
Presence in Branches | More than 2,200 branches | More than 2,500 branches |
Mobile Trading App | Available | Available |
Number of Features | N/A | N/A |
Ranking | 4th | 6th |
Overview of Motilal Oswal and Angel One
Motilal Oswal and Angel One are two popular options for Demat account to consider if you are looking for a reliable and trustworthy stockbroker. Both are well-established brokerage firms in India, offering a range of services to investors and traders. Here is a brief overview of both brokers to help you make an informed decision.
Motilal Oswal
Motilal Oswal is a full-service brokerage firm in the industry since 1987. It offers trading at BSE, NSE, and MCX and has 305 branches across India. The company offers various financial services, including equity trading, commodity trading, currency trading, mutual funds, and IPOs. They also provide research and advisory services to help investors make informed decisions.
One of the notable advantages of Motilal Oswal is its zero brokerage charges for Intraday trading. However, their brokerage charges for equity trading are slightly higher than some of their competitors. They also have a user-friendly Website and trading platforms that are easy to navigate, making it easy for beginners to start trading.
Angel One
On the other hand, Angel One has been a discount brokerage firm in the industry since 1987. It offers trading at BSE, NSE, MCX, and NCDEX and has 900 branches across India. Angel One is a discount broker that offers low brokerage charges and a range of online trading services. They offer equity trading, commodity trading, currency trading, mutual funds, and IPOs. They also have a range of trading platforms, including the Angel One App, Angel SpeedPro, and Angel BEE, which are designed to cater to the needs of different types of traders.
One of the significant advantages of Angel One is its low brokerage charges, which makes it an attractive option for traders who want to keep their trading costs low. They also have a user-friendly Website and trading platforms that are easy to use, making it easy for Beginners to start trading.
In conclusion, both Motilal Oswal and Angel One have advantages and disadvantages. While Motilal Oswal is a full-service broker with a range of financial services, research, and advisory services, Angel One is a discount broker with low brokerage charges and a range of online trading services. Ultimately, the choice between the two will depend on your trading needs and preferences.
Trading Platforms
When it comes to trading platforms, both Motilal Oswal and Angel One offer multiple options to their clients.
Angel One provides its clients with the Angel One App, which is available for Android and iOS devices. The app offers a range of features, such as real-time market updates, trading across multiple segments, and access to research reports. Angel One also offers Angel SpeedPro, a desktop-based trading platform more suitable for advanced traders.
On the other hand, Motilal Oswal offers the MO Trader app, which is also available for Android and iOS devices. The app provides features such as real-time streaming quotes, advanced charting, and multiple order types. MO Trader also offers a range of research tools, such as daily market reports and trading calls.
In terms of trading platforms, both brokers seem to offer similar features. However, it is worth noting that Angel One’s desktop-based platform, Angel SpeedPro, may be more suitable for advanced traders who require more advanced charting tools and customization options.
Overall, both Motilal Oswal and Angel One offer reliable trading platforms that cater to the needs of different types of traders. Depending on your preferences and requirements, you can choose between the mobile app or desktop-based platform each broker offers.
Account Opening and Maintenance Charges
When opening an account with a stockbroker, the first thing that comes to mind is the account opening charges. Motilal Oswal and Angel One offer zero account opening charges for their Trading accounts. You can open a trading account with either broker without a fee.
However, when it comes to the Demat account, there is a slight difference. Motilal Oswal charges a nominal Demat account AMC of Rs. 199, free for the first year. On the other hand, Angel One charges a Demat account AMC of Rs. 240.
To give you a better understanding of the account opening and maintenance charges, here is a table that compares the charges of Motilal Oswal and Angel One:
Entity | Motilal Oswal | Angel One |
---|---|---|
Account Opening Charges | Zero | Zero |
Demat Account AMC Charges | Rs. 199 (Free for 1st Year) | Rs. 240 |
Trading Account Maintenance Charges | Zero | Zero |
It is important to note that while the trading account maintenance charges are zero for both brokers, Motilal Oswal charges a nominal Demat account maintenance charge of Rs. 199 per year, while Angel One charges Rs. 240 per year.
To open an account with either broker, you must submit your PAN card, address proofs, and a few other Documents. Once your account is opened, you can start trading in stocks, derivatives, and other financial instruments.
In conclusion, Motilal Oswal and Angel One offer zero account opening charges for their trading accounts. However, there is a slight difference in their Demat account AMC and maintenance charges. It is important to carefully consider these charges before choosing a broker that suits your needs.
Brokerage and Charges
When choosing a stockbroker, brokerage, and charges are among the most important factors. In this section, we will compare the brokerage and charges of Motilal Oswal and Angel One.
As you can see from the table above, Motilal Oswal charges a brokerage of 0.20% for equity delivery, while Angel One offers it for free. However, Motilal Oswal offers free equity intraday trading for a lifetime, while Angel One charges Rs 20 per executed order.
Motilal Oswal charges 0.03% brokerage for futures and currency futures, while Angel One charges Rs 20 per executed order. For options and currency options, Motilal Oswal charges Rs 20 per lot and Rs 20 per lot, respectively, while Angel One charges Rs 20 per executed order for both.
Both brokers charge transaction charges of NSE: 0.00325% and BSE: 0.003%. They also charge other charges such as STT, Stamp Duty, SEBI Turnover Fees, and GST. Motilal Oswal offers a free AMC for the first year, while Angel One charges Rs 240 per year.
Brokerage and Charges | Motilal Oswal | Angel One |
---|---|---|
Equity Delivery | 0.20% | Free |
Equity Intraday | Free for lifetime | Rs 20 per executed order |
Futures | 0.02% | Rs 20 per executed order |
Options | Rs 20 per lot | Rs 20 per executed order |
Currency Futures | Rs 20 | Rs 20 per executed order |
Currency Options | Rs 20 per lot | Rs 20 per executed order |
Commodity | 0.02% | Rs 20 per executed order |
Minimum Brokerage | Rs 25 | Rs 20 |
Transaction Charges | NSE: 0.00325% BSE: 0.003% | NSE: 0.00325% BSE: 0.003% |
Other Charges | STT, Stamp Duty, SEBI Turnover Fees, GST | STT, Stamp Duty, SEBI Turnover Fees, GST |
Regarding minimum brokerage, Motilal Oswal charges Rs 20, while Angel One charges Rs 20.
Overall, it is clear that Angel One offers lower brokerage charges than Motilal Oswal for most segments. However, Motilal Oswal offers free equity intraday trading for a lifetime, which can be a significant advantage for active traders.
Offers and Features
When it comes to trading, both Motilal Oswal and Angel One offer a range of features and benefits to their clients. Here are some of the key offers and features that you can expect from both brokers:
Motilal Oswal
- Margin Trading: Motilal Oswal offers margin trading, which allows you to trade with funds borrowed from the broker. This can increase your buying power and potentially increase your profits.
- Bracket Order: With Motilal Oswal, you can place a bracket order, an advanced order type that allows you to set both a stop loss and a profit target for your trade.
- Good Till Cancelled (GTC): Motilal Oswal also offers GTC orders, which remain active until they are executed or cancelled by you.
Angel One
- Special Offer: Angel One currently has a special offer where you can get zero brokerage on delivery trades for the first year.
- Cover Order: Angel One offers cover orders, which are similar to bracket orders in that they allow you to set both a stop loss and a profit target. However, cover orders are designed for intraday trading and have a shorter time horizon.
- Good Till Cancelled (GTC): Like Motilal Oswal, Angel One also offers GTC orders.
Overall, Motilal Oswal and Angel One offer their clients a range of features and benefits. Depending on your trading style and preferences, one broker may better fit you than the other.
Research and Advisory
Both Motilal Oswal and Angel One have much to offer regarding research and advisory services. Let’s take a closer look at what each broker provides to help you make informed investment decisions.
Motilal Oswal
Motilal Oswal is known for its robust research capabilities, with a dedicated research team that provides a wide range of research reports, tips, and recommendations. The broker offers research reports on various asset classes, including equities, derivatives, commodities, and currencies. These reports cover various topics such as market trends, macroeconomic analysis, and sector updates.
In addition to its research reports, Motilal Oswal also offers a robo-advisory platform called ‘MOSL Advisory’, which provides personalized investment recommendations based on your risk profile and investment goals. The platform uses advanced algorithms and machine learning techniques to provide customized investment solutions.
Angel One
Angel One is also known for its research capabilities, with a dedicated research team that provides a wide range of research reports, tips, and recommendations. The broker offers research reports on various asset classes, including equities, derivatives, commodities, and currencies. These reports cover various topics such as market trends, macroeconomic analysis, and sector updates.
In addition to its research reports, Angel One also offers a robo-advisory platform called ‘ARQ’, which provides personalized investment recommendations based on your risk profile and investment goals. The platform uses advanced algorithms and machine learning techniques to provide customized investment solutions.
Motilal Oswal and Angel One provide their clients excellent research and advisory services. Whether you are a beginner or an experienced investor, these brokers have the tools and resources to help you make informed investment decisions.
Customer Support and Reviews
Regarding customer support, Motilal Oswal and Angel One offer various channels for customers to get in touch with their support team. You can reach out to them via phone, email, or live chat. Both brokers also have extensive FAQ sections on their websites, which can be helpful in finding answers to common questions.
In terms of reviews, both brokers have received mixed feedback from their customers. While some customers have praised their customer support team for being responsive and helpful, others have complained about long wait times and unhelpful responses. It’s important to note that reviews can be subjective and may not reflect the overall quality of customer support provided by brokers.
When it comes to ratings, Motilal Oswal has received a rating of 3.8 out of 5 on Trustpilot, while Angel One has a rating of 4.1 out of 5. These ratings are based on customer reviews and can give you an idea of the overall satisfaction level of customers with the brokers’ customer support.
One thing to keep in mind is that both brokers have received some criticism for their customer support in the past. Some customers have complained about the lack of transparency in their fee structure and the difficulty in getting their issues resolved. However, both brokers have taken steps to improve their customer support in recent years and have implemented various measures to address these concerns.
Overall, while both brokers offer customer support through various channels, it’s important to do your own research and read reviews from other customers to better understand their experiences with the brokers’ customer support team.
Motilal Oswal vs Angel One Pros and Cons
When it comes to choosing between Motilal Oswal and Angel One, it’s important to weigh the pros and cons of each. Here are some things to consider:
Motilal Oswal Pros
- Strong research and analysis: Motilal Oswal is known for its research and analysis capabilities. They have a team of experts who provide regular reports and insights on various market trends and opportunities. This can be helpful for investors who want to make informed decisions.
- Wide range of investment options: Motilal Oswal offers a wide range of investment options, including equities, commodities, currencies, and derivatives. This can be useful for investors who want to diversify their portfolios.
- Easy-to-use trading platform: Motilal Oswal’s trading platform is user-friendly and easy to navigate. It offers features like real-time stock quotes, technical analysis tools, and customizable watchlists.
Motilal Oswal Cons
- Higher brokerage charges: Motilal Oswal’s brokerage charges are higher compared to some other brokers in the market. This can be a disadvantage for investors who are looking for lower fees.
- Limited presence in smaller cities: Motilal Oswal has a limited presence in smaller cities and towns. This can be a disadvantage for investors who live in these areas and want to access the company’s services.
Angel One Pros
- Low brokerage charges: Angel One offers low brokerage charges, making it a cost-effective option for investors. They also offer free equity delivery trading, which can save investors money.
- Strong customer support: Angel One has a reputation for providing excellent customer support. They have a dedicated team that is available to assist investors with any issues or queries they may have.
- Advanced trading platform: Angel One’s trading platform is advanced and offers a range of features, including advanced charting tools, real-time market data, and customizable alerts.
Angel One Cons
- Limited research and analysis: Angel One’s research and analysis capabilities are not as strong as Motilal Oswal’s. This can be a disadvantage for investors relying on this information type to make informed decisions.
- Limited investment options: Angel One offers a limited range of investment options compared to some other brokers in the market. This can be a disadvantage for investors who want to diversify their portfolio.
Conclusion
In conclusion, Motilal Oswal and Angel One have unique advantages and disadvantages. It ultimately comes down to your personal preferences and requirements as an investor.
If you are looking for a full-service broker with a large number of branches across India, Motilal Oswal may be the better choice for you. On the other hand, if you are looking for a discount broker with a more affordable pricing structure, Angel One may be the way to go.
It is important to keep in mind that while pricing is certainly an important factor to consider, it should not be the only factor. You should also take into account the quality of research and analysis provided by the broker, as well as the ease of use of their trading platform.
Motilal Oswal and Angel One have received positive customer reviews, so you can be confident that you are choosing from two reputable brokers. Ultimately, the choice between the two will depend on your individual needs and preferences as an investor.
Frequently Asked Questions
Which is better, Motilal Oswal or Angel One?
Both Motilal Oswal and Angel One are popular stockbrokers in India. Motilal Oswal is a full-service broker, while Angel One is a full-service discount broker that offers a wide range of services. Both brokers offer free account openings to their clients. Motilal Oswal charges Rs. 400 as AMC from the second year, while Angel One charges Rs. 240 as AMC. It ultimately depends on your preferences and trading needs to decide which one is better for you.
What are the disadvantages of Angel One?
Angel One is a popular discount broker in India but has some disadvantages. One of the main disadvantages of Angel One is that it charges higher brokerage fees compared to other discount brokers in the market. Another disadvantage is that it doesn’t offer 24/7 customer support. Additionally, the trading platform of Angel One is not as advanced as some of its competitors.
Is Angel One a good option for trading?
Angel One is a discount broker that offers trading at BSE, NSE, MCX, NCDEX. It has 900 branches across India. Angel One is a good option for trading if you are looking for a discount broker that offers a wide range of services. It has a user-friendly trading platform and provides research and advisory services to its clients. However, it charges higher brokerage fees compared to some of its competitors.
Motilal Oswal or Zerodha, which one is better?
Motilal Oswal and Zerodha are both popular stockbrokers in India. Motilal Oswal is a full-service broker, while Zerodha is a discount broker. Motilal Oswal offers a wider range of services, including research and advisory services, while Zerodha is known for its low brokerage fees. It ultimately depends on your trading needs and preferences to decide which one is better for you.
Sharekhan vs Motilal Oswal vs Zerodha, which is the best?
Sharekhan, Motilal Oswal, and Zerodha are all popular stockbrokers in India. Sharekhan is a full-service broker, Motilal Oswal is a full-service broker, and Zerodha is a discount broker. Sharekhan offers a wide range of services, including research and advisory services, while Motilal Oswal is known for its research and advisory services. Zerodha is known for its low brokerage fees. It ultimately depends on your trading needs and preferences to decide which one is best for you.
What are the account features offered by Motilal Oswal Securities and Angel One?
Motilal Oswal Securities and Angel One offer a range of account features, including online trading, research reports, portfolio tracking, and access to various investment instruments like equities, commodities, currency futures, options, and mutual funds. Users can check their respective websites or contact customer support for detailed information on account features.
How do the AMC charges compare between Motilal Oswal and Angel One?
Enjoy the benefits of fee-free Annual Maintenance Charges (AMC) for your trading account with both Motilal Oswal Securities and Angel One. However, when it comes to demat account maintenance, there are slight differences. Motilal Oswal charges a nominal fee of Rs. 199 per year, while Angel One’s maintenance fee is set at Rs. 240 per year. Rest assured. We are committed to providing you with seamless services and transparency in all our offerings.
Which platform offers the best trading app experience among Motilal Oswal Securities and Angel One?
The best trading app experience can vary based on user preferences and requirements. Both Motilal Oswal Securities and Angel One offer mobile trading apps for seamless trading on-the-go. Users can compare the features, user interface, and performance of the trading apps to determine which one suits their needs best.