Motilal Oswal vs Fyers | Broker Comparison

Motilal Oswal vs Fyers

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

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, ...

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 ...

Side-by-Side Compare Table

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

Detailed Comparison

Basic Details

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

Charges & AMC

Motilal Oswal	Fyers
•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.	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)

Brokerage

Motilal Oswal	Fyers
•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	•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

Other Charges

Motilal Oswal	Fyers
•Statutory and exchange charges apply separately. •Negotiated brokerage may be available for higher volume clients.	•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.

Leverage (Margin)

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

Features

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

Trading Platforms

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

Reviews & Ratings

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

Investment Options

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

Order Types Offered

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

Suitable For (Investor Type)

Motilal Oswal	Fyers
•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.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

Motilal Oswal	Fyers
•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.	•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.

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.