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Upstox vs Motilal Oswal – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Motilal Oswal here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Motilal Oswal.

Background

Year of Incorporation 2010 1987
Website https://upstox.com/ https://www.motilaloswal.com/
Phone 022 - 41792999 022-40548085
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL/CDSL
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 16 Lakhs Rs 87.3 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 89.0 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 18.4 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 25.53 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 28.58 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 33.73 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 21.01 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 21.91 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 26.42 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 36.36 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 33.10 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 25.54 Crores
Debt FY11/12 0 Rs 46.9 Crores
Debt FY12/13 0 Rs 2.9 Crores
Debt FY13/14 Rs 1.38 Crores Rs 6.08 Crores
Debt FY14/15 Rs 1.77 Crores Rs 11.01 Crores
Debt FY15/16 Rs 2.13 Crores Rs 9.56 Crores
Debt FY16/17 Rs 2.44 Crores Rs 10.46 Crores
Debt FY17/18 Rs 2.87 Crores Rs 8.41 Crores
Debt FY18/19 Rs 3.11 Crores Rs 12.54 Crores
Debt FY19/20 Rs 3.56 Crores Rs 9.69 Crores
Debt FY20/21 Rs 3.91 Crores Rs 8.16 Crores
Debt FY21/22 Rs 4.18 Crores Rs 8.40 Crores
Debt FY22/23 Rs 4.40 Crores Rs 9.93 Crores
Profit to Equity(%) FY11/12 3.48 15.88
Profit to Equity(%) FY12/13 5.10 13.28
Profit to Equity(%) FY13/14 13.73 2.72
Profit to Equity(%) FY14/15 15.70 13.04
Profit to Equity(%) FY15/16 16.22 18.27
Profit to Equity(%) FY16/17 16.87 16.61
Profit to Equity(%) FY17/18 17.42 15.84
Profit to Equity(%) FY18/19 17.99 17.07
Profit to Equity(%) FY19/20 18.54 11.99
Profit to Equity(%) FY20/21 19.01 13.15
Profit to Equity(%) FY21/22 21.58 20.64
Profit to Equity(%) FY22/23 22.15 15.51
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 997 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 1277 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 1353 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 2393.71 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 1884.24 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 1524.18 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 2122.23 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 1778.76 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 2641.88 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 2679.30 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 2346.16 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 2135.65 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free 0.05% for Intraday & 0.5% for Delivery - Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures Rs 20/executed order 0.05% - Reduces upto 0.015% if brokerage paid upfront
Equity Options Rs 20/executed order Rs 70/lot - Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures Rs 20/executed order 0.05% - Reduces upto 0.015% if brokerage paid upfront
Currency Options Rs 20/executed order Rs 20/lot
Commodity Rs 20/executed order 0.05% - Reduces upto 0.015% if brokerage paid upfront
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 Free, but with Margin Cheque
Commodity Rs 250 Free, but with Margin Cheque
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.00325% of Turnover
Futures 0.0021% on Turnover 0.00200% of Turnover
Options 0.059% on Premium Turnover 0.051% of Premium Turnover
Commodities 0.0036% on Turnover 0.0025% of Turnover
AMC charge Trading: 0, Rs 400/year for Demat Free
DP Transaction Charge Rs 22/debit transaction Rs 20/Debit Transaction
Offline order placing Charge Rs 25/order placed on the phone Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 3 Months - Pay Extra for Falcon
End of Day 10 years 10 years - Pay Extra for Falcon
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 4 times for intraday Upto 2 Times Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday NA
Currency Futures Upto 4 times for intraday Upto 2 times Intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday NA
Commodity Upto 3 times for intraday Upto 2 times Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Compare Upstox Compare Motilal Oswal
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Upstox Vs Fortune Trading Motilal Oswal Vs Fortune Trading
Upstox Vs Finvasia Motilal Oswal Vs Finvasia
Upstox Vs Farsight Securities Motilal Oswal Vs Farsight Securities
Upstox Vs Fairwealth Securities Motilal Oswal Vs Fairwealth Securities
Upstox Vs Elite Wealth Motilal Oswal Vs Elite Wealth
Upstox Vs Dealmoney Securites Motilal Oswal Vs Dealmoney Securites
Upstox Vs Competent Finman Motilal Oswal Vs Competent Finman
Upstox Vs Coimbatore Capital Motilal Oswal Vs Coimbatore Capital
Upstox Vs Cholamandalam Motilal Oswal Vs Cholamandalam
Upstox Vs Choice Equity Broking Motilal Oswal Vs Choice Equity Broking
Upstox Vs Canara Bank Motilal Oswal Vs Canara Bank
Upstox Vs Bonanza Portfolio Motilal Oswal Vs Bonanza Portfolio
Upstox Vs B N Rathi Motilal Oswal Vs B N Rathi
Upstox Vs BMA Wealth Creators Motilal Oswal Vs BMA Wealth Creators
Upstox Vs Bezel Stock Brokers Motilal Oswal Vs Bezel Stock Brokers
Upstox Vs Beeline Broking Motilal Oswal Vs Beeline Broking
Upstox Vs Bansal Finstock Motilal Oswal Vs Bansal Finstock
Upstox Vs Axis Direct Motilal Oswal Vs Axis Direct
Upstox Vs Ats Share Brokers Motilal Oswal Vs Ats Share Brokers
Upstox Vs Asit C Mehta Motilal Oswal Vs Asit C Mehta
Upstox Vs ASE Capital Markets Motilal Oswal Vs ASE Capital Markets
Upstox Vs Arihant Capital Motilal Oswal Vs Arihant Capital
Upstox Vs Alice Blue Motilal Oswal Vs Alice Blue
Upstox Vs 5Paisa Motilal Oswal Vs 5Paisa
Upstox Vs M.stock Motilal Oswal Vs M.stock
Upstox Vs WisdomCapital Motilal Oswal Vs WisdomCapital
Upstox Vs Way2wealth Motilal Oswal Vs Way2wealth
Upstox Vs Ventura Securities Motilal Oswal Vs Ventura Securities
Upstox Vs Tradeplus Online Motilal Oswal Vs Tradeplus Online
Upstox Vs Tradejini Motilal Oswal Vs Tradejini
Upstox Vs Tata Securities Motilal Oswal Vs Tata Securities
Upstox Vs Swastika Investmart Motilal Oswal Vs Swastika Investmart
Upstox Vs SMC Global Motilal Oswal Vs SMC Global
Upstox Vs SBICAP Securities Motilal Oswal Vs SBICAP Securities
Upstox Vs SASOnline Motilal Oswal Vs SASOnline
Upstox Vs Samco securities Motilal Oswal Vs Samco securities
Upstox Vs RKGlobal Motilal Oswal Vs RKGlobal
Upstox Vs Reliance Securities Motilal Oswal Vs Reliance Securities
Upstox Vs Nirmal Bang Motilal Oswal Vs Nirmal Bang
Upstox Vs Master Trust Capital Motilal Oswal Vs Master Trust Capital
Upstox Vs Kotak Securities Motilal Oswal Vs Kotak Securities
Upstox Vs Interactive Brokers Motilal Oswal Vs Interactive Brokers
Upstox Vs Indiainfoline Motilal Oswal Vs Indiainfoline
Upstox Vs Indiabulls Securities Motilal Oswal Vs Indiabulls Securities
Upstox Vs IDBI Capital Motilal Oswal Vs IDBI Capital
Upstox Vs HDFC Securities Motilal Oswal Vs HDFC Securities
Upstox Vs Geojit Motilal Oswal Vs Geojit
Upstox Vs Fyers Securities Motilal Oswal Vs Fyers Securities
Upstox Vs Edelweiss Capital Motilal Oswal Vs Edelweiss Capital
Upstox Vs Easytradez Motilal Oswal Vs Easytradez
Upstox Vs Asthatrade Motilal Oswal Vs Asthatrade
Upstox Vs Anand Rathi Motilal Oswal Vs Anand Rathi
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Upstox Vs A C Choksi Motilal Oswal Vs A C Choksi
Upstox Vs Angel Broking Motilal Oswal Vs Angel Broking
Upstox Vs ICICI Direct Motilal Oswal Vs ICICI Direct
Upstox Vs Sharekhan Motilal Oswal Vs Sharekhan
Upstox Vs Groww Motilal Oswal Vs Groww
Upstox Vs Tradesmartonline Motilal Oswal Vs Tradesmartonline
Upstox Vs Zerodha Motilal Oswal Vs Zerodha

Frequently Asked Questions

Is Upstox better than Motilal Oswal ?

Upstox and Motilal Oswal are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Motilal Oswal better than Upstox ?

Upstox and Motilal Oswal are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Motilal Oswal ?

Upstox and Motilal Oswal are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Motilal Oswal cheaper than Upstox ?

Upstox and Motilal Oswal are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Motilal Oswal ?

To find out the better of the two stockbrokers Upstox and Motilal Oswal, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.