Motilal Oswal⭐ 9.3/10
Upstox⭐ 9.2/10Motilal Oswal vs Upstox 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 Upstox: Too Close to Call
Motilal Oswal (rated 9.3) and Upstox (rated 9.2) 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 | Upstox |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 300 / year | Rs 150 / year |
| Equity Delivery | Rs 20 or 0.05% | Rs 20 or 0.1% |
| 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 | Rs 20 per order |
| Other / DP Charges | Standard industry charges | Standard DP charges |
| Account Opening Time | 15 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | Motilal Oswal | Upstox |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| 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
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
❓ FAQs: Motilal Oswal vs Upstox
Which is cheaper between Motilal Oswal and Upstox?
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, Upstox charges Rs 20 or 0.1% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. In terms of onboarding costs, Motilal Oswal is Free compared to Upstox's Free.
Who has a better mobile app: Motilal Oswal or Upstox?
Motilal Oswal's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Upstox'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 Upstox?
Both Motilal Oswal and Upstox 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 Upstox has a rating of 9.2/10.