5paisa vs Motilal Oswal

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
Motilal Oswal
Full-Service Broker · since 1987
Motilal Oswal

5paisa vs Motilal Oswal — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose Motilal Oswal if

You want research and offline support

Full-service stock broker offering research-backed investing, wealth management, and advanced trading platforms.

Company overview

5paisa is a discount broker incorporated in 2007; Motilal Oswal is a full-service broker incorporated in 1987.

Parameter5paisaMotilal Oswal
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2007 1987 older
Number of branches 20+ Branches 2,500+ wider
Active clients 38 Lakh+ larger 11,00,000+

Charges & AMC

Account-opening and maintenance charges for 5paisa and Motilal Oswal compared side by side.

Parameter5paisaMotilal Oswal
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year ₹0 (1st Year), then as per applicable plan lower
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹15.34 + GST per debit transaction (per ISIN per day) lower

Brokerage charges

How 5paisa and Motilal Oswal price each trading segment, per executed order.

Parameter5paisaMotilal Oswal
Equity Delivery ₹20 per executed order 0.20%
Equity Intraday ₹20 per executed order 0.02%
Equity Futures ₹20 per executed order 0.02%
Equity Options ₹20 per executed order ₹20 per lot
Currency F&O ₹20 per executed order ₹20 per lot
Commodity F&O ₹20 per executed order ₹20 per lot
Call & Trade ₹100 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and Motilal Oswal, per segment.

Parameter5paisaMotilal Oswal
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange
Equity Futures NSE: 0.00173% NSE: ₹1.73 per lakh (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE: ₹35.03 per lakh of premium (0.03503%)
Currency Futures NSE: 0.00035% NSE: ₹0.35 per lakh (0.00035%)
Currency Options NSE: 0.03110% (on premium) NSE: ₹3.15 per lakh of premium (0.00315%)
Commodity Futures MCX: 0.00210% MCX: As per exchange
Commodity Options MCX: 0.04180% (on premium) MCX: As per exchange

Demat & DP charges

Depository (demat) charges for 5paisa and Motilal Oswal — AMC, debit transactions, pledging and remat.

Parameter5paisaMotilal Oswal
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹0 for the 1st year (selected plans), thereafter as per applicable tariff
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions ₹15.93 per ISIN per day (including GST)
Pledge / Unpledge Charges ₹20 + GST per request ₹20 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and Motilal Oswal.

Parameter5paisaMotilal Oswal
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) Up to 20% of trade value* (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across 5paisa and Motilal Oswal.

Parameter5paisaMotilal Oswal
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal MO Investor, MO Trader, Desktop EXE
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Option Strategy Builder, TradeGuide Signal, Smart Stock Baskets, Research360, Price Alerts, Stock SIP, MTF (Pay Later), Advanced Charting

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and Motilal Oswal.

Parameter5paisaMotilal Oswal
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal MO Investor, MO Trader, MO Genie
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal MO Investor, MO Trader, Desktop EXE
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Desktop + Web

User ratings

User ratings for 5paisa and Motilal Oswal across the key parameters.

Rated on5paisaMotilal Oswal
Fees 4.8 better 4.2
Brokerage 4.9 better 4.1
Trading platform 4.5 4.8 better
Customer service 4.2 4.5 better
Research 4 4.9 better
Overall 4.5 4.6 better

Investment options

Which investment products 5paisa and Motilal Oswal let you access.

Parameter5paisaMotilal Oswal
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and Motilal Oswal.

Parameter5paisaMotilal Oswal
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and Motilal Oswal.

Parameter5paisaMotilal Oswal
SEBI registration INZ000010651 INZ000158836
NSE member code 11104 10225
Year of incorporation 2007 1987 longer track record
Net worth ₹1,201.91 Cr ₹8,000+ Crore* stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002 0.0001% fewer complaints

Complaints record

Exchange complaint data for 5paisa and Motilal Oswal — the ratio matters more than the raw count.

Parameter5paisaMotilal Oswal
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 16,82,541 larger base 8,98,736
Complaints filed 29 1
Complaint ratio 0.002 0.0001% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
Motilal Oswal

▲ Pros

  • ✓ Strong in-house equity research and investment advisory.
  • ✓ Wide range of investment products under one platform.
  • ✓ Advanced trading platforms including MO Investor App and MO Trader.
  • ✓ Margin Trading Facility (MTF) and Portfolio Management Services (PMS) available.
  • ✓ Large branch and relationship manager network across India.
  • ✓ Established financial services brand with decades of market experience.

▼ Cons

  • ✕ Brokerage charges are generally higher than discount brokers.
  • ✕ Different brokerage plans may be confusing for new investors.
  • ✕ Some advanced research and premium services are available under selected plans.
  • ✕ Call & Trade charges are applicable.
  • ✕ Account maintenance and service charges may vary based on the selected plan.
  • ✕ Budget-conscious traders may find discount brokers more economical.
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Compare Motilal Oswal with

Motilal Oswal vs Zerodha Motilal Oswal vs Angel One Motilal Oswal vs Upstox Motilal Oswal vs Groww Motilal Oswal vs ICICI Direct Motilal Oswal vs Kotak Neo Motilal Oswal vs HDFC Securities Motilal Oswal vs SBI Securities Motilal Oswal vs Paytm Money Motilal Oswal vs Mirae Asset Sharekhan Motilal Oswal vs Axis Direct Motilal Oswal vs Choice Broking Motilal Oswal vs m.Stock Motilal Oswal vs Sahi Motilal Oswal vs FYERS Securities Motilal Oswal vs SMC Global Motilal Oswal vs Anand Rathi Motilal Oswal vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.