Broker comparison
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| Attribute | Motilal Oswal | 5Paisa |
|---|---|---|
| Brokerage | 0.50% delivery / 0.05% intraday | 0.03% or ₹20 (whichever lower) |
| Type | Full-service broker | Discount broker |
| Account opening | Free (₹0) | ₹99 |
| AMC | ₹500/yr | ₹400/yr after the first year |
| Equity delivery | 0.50% | 0.03% or ₹20 |
| Intraday / F&O | 0.05% | 0.03% or ₹20 |
| DP charges | ₹20 + GST | ₹12.5 per scrip |
| SEBI registration | INZ000158836 | INZ000010011 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 3.8 | Rating 4.1 |
| Best for | Investors who act on published research | High-value intraday traders |
| Hidden charges to watch | Advisory subscriptions and call & trade fees | ₹99 opening fee, AMC from year two, DP charges per scrip on sale |
| Segments | Equity, F&O, Currency, Commodity, Mutual funds | Equity, F&O, Commodity, Currency |
| F&O (all segments) | Per-contract slabs | ₹20 per order |
| Highlights | In-house research desk, MO investors club, Portfolio advisory | 5paisa app, AlgoBulls, Small case, Research reports |
| Open account | Motilal Oswal | 5Paisa |
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