Fyers vs Motilal Oswal | Broker Comparison

Fyers vs Motilal Oswal

Side-by-side view of features, pricing context, and platform fit.

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Motilal Oswal

Motilal Oswal

Active Clients: 9,04,002

With over 35 years of experience in the industry and a client base exceeding 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has established itself as a prominent investment partner in India. Founded in 1987, ...

Side-by-Side Compare Table

Category	Fyers	Motilal Oswal
Basic Details	•Broker Type: Discount broker •Founded: 2015	•Broker Type: Full-service broker •Founded: 1987
Charges & AMC	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)	•Account opening and first-year concessions are frequently offered in campaigns. •Account administration charge may apply (listed in source as Rs 199).
Brokerage	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)	•Equity Delivery: 0.20% •Equity Intraday: Lifetime free highlighted in plan communication
Other Charges	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.	•Statutory and exchange charges apply separately. •Negotiated brokerage may be available for higher volume clients.
Leverage (Margin)	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Equity intraday margin up to around 5x referenced. •F&O margins generally around exchange-required levels.
Features	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.	•35+ years legacy and strong research franchise. •Personal advisory and curated portfolios.
Trading Platforms	•Fyers App (mobile) •Fyers Web	•MO Investor App •MO Trader App
Reviews & Ratings	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Rating snapshot in source includes low-to-moderate category scores (overall shown near 2.2/5).
Investment Options	•Equity cash •F&O	•Equity, derivatives, commodity, currency •Mutual funds, IPO, insurance, fixed income
Order Types Offered	•Standard equity and derivatives order types •Intraday and delivery order handling	•Standard delivery/intraday/F&O order flows •Platform support for investor and trader-specific execution styles
Suitable For (Investor Type)	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Investors who value research and advisory depth. •Users seeking broad product coverage including curated baskets.
Pros and Cons	•Pros: •Very competitive flat-fee structure.	•Pros: •Deep research-led ecosystem and long market presence.

Detailed Comparison

Basic Details

Fyers	Motilal Oswal
•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr	•Broker Type: Full-service broker •Founded: 1987 •SEBI Registration: INZ000158836 •NSE Member Code: 10412 •Net Worth: Rs 2155.32 Cr

Charges & AMC

Fyers	Motilal Oswal
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)	•Account opening and first-year concessions are frequently offered in campaigns. •Account administration charge may apply (listed in source as Rs 199). •AMC terms can vary by offer window.

Brokerage

Fyers	Motilal Oswal
•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order	•Equity Delivery: 0.20% •Equity Intraday: Lifetime free highlighted in plan communication •Equity Futures: 0.02% •Equity/Currency Options: Rs 20 per lot •Commodity Options: Rs 200 per lot

Other Charges

Fyers	Motilal Oswal
•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.	•Statutory and exchange charges apply separately. •Negotiated brokerage may be available for higher volume clients.

Leverage (Margin)

Fyers	Motilal Oswal
•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Equity intraday margin up to around 5x referenced. •F&O margins generally around exchange-required levels.

Features

Fyers	Motilal Oswal
•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.	•35+ years legacy and strong research franchise. •Personal advisory and curated portfolios. •Investor and trader specific app offerings.

Trading Platforms

Fyers	Motilal Oswal
•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal	•MO Investor App •MO Trader App •Desktop EXE and web login platforms

Reviews & Ratings

Fyers	Motilal Oswal
•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Rating snapshot in source includes low-to-moderate category scores (overall shown near 2.2/5).

Investment Options

Fyers	Motilal Oswal
•Equity cash •F&O •Currency derivatives •Mutual funds (direct)	•Equity, derivatives, commodity, currency •Mutual funds, IPO, insurance, fixed income •US stocks and curated basket/intelligent advisory products

Order Types Offered

Fyers	Motilal Oswal
•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools	•Standard delivery/intraday/F&O order flows •Platform support for investor and trader-specific execution styles

Suitable For (Investor Type)

Fyers	Motilal Oswal
•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Investors who value research and advisory depth. •Users seeking broad product coverage including curated baskets. •Traders who can negotiate pricing or use campaign offers effectively.

Pros and Cons

Fyers	Motilal Oswal
•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.	•Pros: •Deep research-led ecosystem and long market presence. •Broad product stack and advisory services. •Free intraday proposition highlighted in current positioning. •Cons: •Standard card-rate brokerage can be high versus discount brokers. •Not the simplest low-cost structure for all customer types.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.