Motilal Oswal⭐ 9.3/10
Groww⭐ 9.5/10Motilal Oswal vs Groww Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Motilal Oswal vs Groww: Too Close to Call
Motilal Oswal (rated 9.3) and Groww (rated 9.5) are highly competitive. If you want to minimize upfront charges, choose Motilal Oswal (pricing is Free vs Free). If you prefer a platform built for technical charting, choose Motilal Oswal.
📊 Charges & Pricing Comparison
| Fee / Segment | Motilal Oswal | Groww |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 300 / year | Free (Rs 0) |
| Equity Delivery | Rs 20 or 0.05% | Rs 20 or 0.05% |
| Intraday Brokerage | Rs 20 per order | Rs 20 or 0.05% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | Rs 20 per order | N/A |
| Other / DP Charges | Standard industry charges | Standard regulatory charges apply |
| Account Opening Time | 15 Minutes | 15 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Motilal Oswal | Groww |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ❌ No |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ❌ No |
| Advanced Charts | ✅ Yes | ❌ No |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Motilal Oswal Pros & Cons
Pros
- ✅ Competitive pricing
- ✅ Good customer support in regional languages
Cons
- ❌ App UI might lack modern polish compared to top tier brokers
Groww Pros & Cons
Pros
- ✅ Extremely simple UI
- ✅ Zero AMC forever
- ✅ Seamless mutual fund integration
Cons
- ❌ No advanced desktop terminal
- ❌ Lacks complex analytical tools
❓ FAQs: Motilal Oswal vs Groww
Which is cheaper between Motilal Oswal and Groww?
Motilal Oswal charges Rs 20 or 0.05% for delivery trades and Rs 20 per order for intraday, with an AMC of Rs 300 / year. Meanwhile, Groww charges Rs 20 or 0.05% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Free (Rs 0). In terms of onboarding costs, Motilal Oswal is Free compared to Groww's Free.
Who has a better mobile app: Motilal Oswal or Groww?
Motilal Oswal's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Groww's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Motilal Oswal safer to use than Groww?
Both Motilal Oswal and Groww are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Motilal Oswal has a rating of 9.3/10, reflecting their complaint ratio and client size, while Groww has a rating of 9.5/10.