Upstox Vs Motilal Oswal – Broker Comparison | Find Best Broker

Upstox Vs Motilal Oswal – Comparison: 

The following comparative tables below are shown to compare Upstox vs Motilal Oswal. A systematic approach with data and analysis along with pros and cons are discussed for a thorough and better understanding for the investors to take the right decision whether to choose Upstox or Motilal Oswal.

Background:

Upstox is a stock broking company which provides different services in the financial sector and are popular for trading at a very low cost and at nominal charges along with the concept of a whole lot of features like paperless account opening,

free equity investment, unlimited plans to trade on a fixed price and much more.

A journey which was started by Motilal Oswal in the year 1987, as a Full-Service Broker came up with a whole lot of products and services in the financial industry and gained its popularity along with 6 times achiever of Financial Advisor Awards for Equity Broking.

The company is also engaged in a solid Research & Advisory system and Technology which helps its customers for smooth and easy trading.

Upstox Vs Motilal Oswal Overview: 

Motilal Oswal as a Full-Service Broking firm was established by Motilal Oswal and Raamdeo Agarwal with its headquarter in Mumbai, India in the year 1987.

Upstox, on the other hand, is a Discount Broker that started in the year 2009, which was founded by Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath.

With a concept of an easy and cheaper way of trading along with paperless account opening, free equity investment, unlimited plans to trade on fixed price, etc.

Helped upstox to gain its popularity soon within a short period with a turnover of 4000 Cr. by early February 2016. Another factor of their speedy success was due to their strong backend support from notable and renowned stock traders like Ratan Tata, GVK Davis, and Capital Kalaari.

Comparison on Customer Ratings: 

In terms of customer ratings, Motilal Oswal exceeds scores of overall ratings then Upstox. It is also noticed that overall star ratings for Motilal Oswal are 4, and his 3 for Upstox.

Comparison on AMC & AOC: 

When looking into the figures of AMC and AOC, we find that in most of the cases Motilal Oswal charges more as compared to Upstox. One noticeable point is, the margin money charged by Motilal Oswal is Rs.10,000 wherein, Upstox doesn’t charge any amount as Margin Money.

Upstox Vs Motilal Oswal Brokerage Fee: 

In the case of the brokerage fee, the interesting point to notice is, Upstox charges a nominal amount of Rs. 20 whereas, Motilal Oswal charges based on percentage.

Comparison on Administrative Charge: 

In case of administrative charges, Motilal Oswal charges higher than that of Upstox.

Comparison of Offers & Discount: 

Upstox doesn’t provide too many offers and discounts to its customers, while Motilal Oswal has more offers and discounts which day provide to its customers as compared to Upstox.

Comparison on Services Offered: 

Well, services again are a feature of Motilal Oswal. Motilal Oswal offers more services to its customers than provided by Upstox.

Upstox Vs Motilal Oswal Research & Advisory: 

Looking at the below table it is surprising to see that Upstox is not at all involved in any kind of research and advisory prices for their clients.

While on the other hand, Motilal Oswal provides all possible types of research and advisory tips to its customers except Free Stock Tips.

Upstox Vs Motilal Oswal Margin/Leverage

Increase of Leverage both Upstox and Motilal Oswal are engaged in the process. However, we see that the maximum level for Motilal Oswal is higher in most cases except Equity Options.

Comparison on Products Offering: 

Undoubtedly, the product range and offerings of Motilal Oswal are much more than that of Upstox.

Upstox Vs Motilal Oswal Trading Platform: 

Technological when we talk about trading platform both Upstox and Motilal Oswal are equal. The common thing that we find is that none of them provides the Windows app and other mobile OS platforms.

Comparison on Customer Support: 

Another way to measure customer satisfaction is the rate at which grievances are handled. The below table gives a clear picture that the resolution rate of grievances handled in both BSE and NSE is higher of Motilal Oswal than that of Upstox.

Comparison of Grievances Handled: 

After looking at the entire picture so far, it can be very well concluded that choosing a broker depends on the investor’s actual need and the product they want to trade. The pros and cons are part of every business. It is only a proper study of the above facts and figures which will help to decide whether to choose Upstox or Motilal Oswal.

Conclusion:

It is clear from the above data and their analysis that, choosing the right service provider only depends on the product and services, an investor wants to trade with. Both Upstox and Motilal Oswal have the expertise, pros and cons and challenges of their own.

At the same time, each of them has happy and satisfied customers. It is only the investor, who has to decide whether they want to go with Upstox or Motilal Oswal after a thorough study.