Sharekhan Vs Motilal Oswal is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Sharekhan Vs Motilal Oswal so that you get a 360-degree view about which broker to go ahead with.
Sharekhan Vs Motilal Oswal Comparison
Sharekhan is one of India’s leading full-service brokers. Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks second in retail stockbroking in India. The stockbroker has been recently sold out to BNP Paribas for INR 2000 crore.
Motilal Oswal also is a full-service broker that was incorporated way back in the year 1987. It boasts of 7.5 Lakh customers today with a presence in more than 2200 locations around the country.
Full-service brokers such as Motilal Oswal and Sharekhan will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between Sharekhan Vs Motilal Oswal to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
Sharekhan Vs Motilal Oswal Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.