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Motilal Oswal

Full-service Indian stockbroker with research calls, advisors and an investing app.

Free plan + paidInvesting and stock trading apps

Updated · AppBreakup editorial · Web, iOS, Android

Visit Motilal OswalSee 6 alternatives

Is Motilal Oswal free?

Free plan, plus paid plans

Switch from Motilal Oswal to

All 6
  • Zerodha Kite logo
    Zerodha Kite

    Free plan + paid

  • ICICI Direct logo
    ICICI Direct

    Starting price: ₹999 one-time fee (Prime 999), 0.22% delivery brokerage

  • Angel One logo
    Angel One

    Starting price: Lower of ₹20 or 0.1% per executed equity order

Verified facts
5 of 5
Alternatives ranked
6
Approved reviews
0
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0

About Motilal Oswal

Motilal Oswal is one of India's older full-service brokers, trading since 1987. Through its website and mobile apps you can buy and sell Indian stocks, futures and options, commodities, IPOs, mutual funds, bonds and fixed deposits, and it also offers US stocks, portfolio management services and alternative investment funds. Where discount brokers compete on low flat fees, Motilal Oswal sells its research: daily intraday, options and long-term recommendations built on its in-house QGLP stock-picking approach, plus access to personal advisors and a large branch network. Account opening is free and the first year of maintenance charges is waived, but brokerage on trades is generally higher than at discount apps, and the plan you choose shapes what you pay. It suits investors in India who want ideas and human help along with a trading account, rather than a bare-bones execution platform. The apps run on Android and iOS, with a web platform for desktop use.

Best for: Indian investors who want research calls and a personal advisor alongside their trading account.

Motilal Oswal pricing (checked Nov 8, 2026)

Each line is quoted from Motilal Oswal's own site, with the page it came from.

Plan or termWhat it saysCheckedSource
Account opening₹0Nov 8, 2026motilaloswal.com
AMC₹0 for the first yearNov 8, 2026motilaloswal.com

Pros and cons

What works

  • Daily research recommendations for intraday, options and long-term picks
  • Wide product range, from stocks and F&O to PMS, bonds and US stocks
  • Large branch and advisor network for in-person help
  • Free account opening

Why people leave

  • Brokerage is usually higher than at discount brokers like Zerodha or Groww
  • Research-led selling and advisor calls won't suit purely self-directed traders
  • Pricing depends on the plan and is harder to compare than a flat fee

Motilal Oswal vs Zerodha Kite, ICICI Direct and Angel One

From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.

AttributeMotilal OswalZerodha KiteICICI DirectAngel One
PricingFree plan + paidFree plan + paidPaidFree plan + paid
Verified price——₹999 one-time fee (Prime 999), 0.22% delivery brokerageLower of ₹20 or 0.1% per executed equity order
Free planYesYesNoYes
Open sourceNoNoNoNo
Self-hostableNoNoNoNo
PlatformsWeb, iOS, AndroidWeb, Android, iOSWeb, iOS, AndroidWeb, Android, iOS

Top Motilal Oswal alternatives

See all 6
  1. 1Zerodha Kite logo
    Zerodha Kite

    Flat, low brokerage and a fast trading app for people who don't need research calls or an advisor.

    68.8
  2. 2ICICI Direct logo
    ICICI Direct

    Another full-service broker with research and a bank-linked 3-in-1 account from ICICI.

    64.8
  3. 3Angel One logo
    Angel One

    Lower flat-fee brokerage while still offering research reports and a large partner network.

    61.8
  4. 4Upstox logo
    Upstox

    A discount broker with a simple app and cheap trades for self-directed investors.

    59.4
  5. 5Groww logo
    Groww

    Beginner-friendly app for stocks and mutual funds with simple, low brokerage.

    57.5

Why people left Motilal Oswal

In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.

No switching stories yet. If you moved away from Motilal Oswal, review the app you switched to and tell us why.

Reviews

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Motilal Oswal: common questions

What is Motilal Oswal?

Motilal Oswal: Full-service Indian stockbroker with research calls, advisors and an investing app. Best for indian investors who want research calls and a personal advisor alongside their trading account. Available for Web, iOS and Android.

Is Motilal Oswal free?

Motilal Oswal has a free plan and paid plans.

How much does Motilal Oswal cost?

Motilal Oswal is free with paid plans. Account opening: ₹0; AMC: ₹0 for the first year. Checked on Motilal Oswal's own site, November 2026.

Is Motilal Oswal open source?

No, Motilal Oswal is not open source.

What platforms does Motilal Oswal run on?

Motilal Oswal is available for Web, iOS and Android.

What are the best alternatives to Motilal Oswal?

The highest-ranked Motilal Oswal alternatives right now are Zerodha Kite, ICICI Direct and Angel One. See the full ranked list for pricing, platforms and verified facts.

Motilal Oswal vs Zerodha Kite: what's the difference?

Both Motilal Oswal and Zerodha Kite are free with paid plans. Both run on Web, iOS and Android.

See all 6 Motilal Oswal alternatives