FYERS Securities vs Motilal Oswal

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

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
Motilal Oswal
Full-Service Broker · since 1987
Motilal Oswal

FYERS Securities vs Motilal Oswal — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

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

FYERS Securities is a discount broker incorporated in 2015; Motilal Oswal is a full-service broker incorporated in 1987.

ParameterFYERS SecuritiesMotilal Oswal
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 1987 older
Number of branches 98+ 2,500+ wider
Active clients 10 Lakh+ 11,00,000+ larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and Motilal Oswal compared side by side.

ParameterFYERS SecuritiesMotilal Oswal
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 lower ₹0 (1st Year), then as per applicable plan
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹15.34 + GST per debit transaction (per ISIN per day)

Brokerage charges

How FYERS Securities and Motilal Oswal price each trading segment, per executed order.

ParameterFYERS SecuritiesMotilal Oswal
Equity Delivery ₹0 (Free) 0.20%
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Equity Options ₹20 per executed order ₹20 per lot
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per lot
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per lot
Call & Trade ₹50 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and Motilal Oswal, per segment.

ParameterFYERS SecuritiesMotilal 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 FYERS Securities and Motilal Oswal — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesMotilal Oswal
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 ₹0 for the 1st year (selected plans), thereafter as per applicable tariff
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions ₹15.93 per ISIN per day (including GST)
Pledge / Unpledge Charges ₹12.5 + GST per ISIN ₹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 FYERS Securities and Motilal Oswal.

ParameterFYERS SecuritiesMotilal 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 FYERS Securities and Motilal Oswal.

ParameterFYERS SecuritiesMotilal Oswal
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One MO Investor, MO Trader, Desktop EXE
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, 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 FYERS Securities and Motilal Oswal.

ParameterFYERS SecuritiesMotilal Oswal
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One MO Investor, MO Trader, MO Genie
Number of platforms 3 3
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One MO Investor, MO Trader, Desktop EXE
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Desktop + Web

User ratings

User ratings for FYERS Securities and Motilal Oswal across the key parameters.

Rated onFYERS SecuritiesMotilal Oswal
Fees 4.9 better 4.2
Brokerage 4.9 better 4.1
Trading platform 4.9 better 4.8
Customer service 4.4 4.5 better
Research 4.2 4.9 better
Overall 4.7 better 4.6

Investment options

Which investment products FYERS Securities and Motilal Oswal let you access.

ParameterFYERS SecuritiesMotilal 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 FYERS Securities and Motilal Oswal.

ParameterFYERS SecuritiesMotilal 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 FYERS Securities and Motilal Oswal.

ParameterFYERS SecuritiesMotilal Oswal
SEBI registration INZ000166137 INZ000158836
NSE member code 12768 10225
Year of incorporation 2015 1987 longer track record
Net worth ₹1,348+ 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 FYERS Securities and Motilal Oswal — the ratio matters more than the raw count.

ParameterFYERS SecuritiesMotilal Oswal
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 10,87,436 larger base 8,98,736
Complaints filed — 1
Complaint ratio 0.002% 0.0001% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
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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Explore more comparisons

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking Limited

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 5paisa Motilal Oswal vs Choice Broking Motilal Oswal vs m.Stock Motilal Oswal vs Sahi 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.