Broker comparison
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Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
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Angel One
Motilal OswalSummary
With one lot per order, both charge ₹20 in options brokerage, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Angel One: Full-service heritage, discount pricing; strong reach beyond the big cities. Motilal Oswal: Full-service broker that charges options brokerage per lot.
Angel OneFull-service heritage, discount pricing; strong reach beyond the big cities.
Motilal OswalFull-service broker that charges options brokerage per lot.
At a glance
| Criterion | Angel One | Motilal Oswal |
|---|---|---|
| Platforms | Angel One App, Angel One Web, SmartAPI | MO Investor app, RIISE app, MO API |
| Product types | Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order (free up to ₹500 in the first 30 days) on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5) | ₹20 per lot on options · delivery 0.20% |
| Account opening | ₹0 | ₹0 |
| Demat AMC | Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free) | ₹0 in year 1 (the later charge is not on the page we checked) |
| Regulation | SEBI INZ000161534 | SEBI INZ000158836 |
| More information | Details | Details |
Angel One App, Angel One Web, SmartAPI
MO Investor app, RIISE app, MO API
Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs
Indian Stocks, F&O, Commodities
Yes: NSE and BSE index and stock options
Yes: NSE and BSE index and stock options
₹20 per order (free up to ₹500 in the first 30 days) on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)
₹20 per lot on options · delivery 0.20%
₹0
₹0
Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free)
₹0 in year 1 (the later charge is not on the page we checked)
SEBI INZ000161534
SEBI INZ000158836
Product access and costs depend on market, account and permissions.
Detailed comparison
Compare total costs, not just the order fee.
Angel OneMotilal OswalThe relevant costs depend on market, currency, order size and trading style.
Real costs
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Order type, venue and liquidity affect execution.
Angel OneCheck the provider’s execution policy and available order types for your account.
Provider informationMotilal OswalCheck the provider’s execution policy and available order types for your account.
Provider informationAngel OneMotilal OswalCategories come from broker profiles. Check specific markets and permissions before deciding.
Angel OneAngel One App · Angel One Web · SmartAPI
Option chain showing OI, Greeks and contracts across calls and puts, with a basket mode for adding options straight from the chain. Basket orders across equity, F&O, currency and commodity: up to 50 saved baskets with up to 20 securities each, with margin calculated upfront. SmartAPI, Angel One's trading API, is offered free of charge and includes a margin calculator API, live WebSocket data and historical data. GTT orders can be placed through SmartAPI. GTT orders cannot be placed inside a basket.
Explore platformMotilal OswalMO Investor app, RIISE app, MO API
Full-service broker that charges options brokerage per lot.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Angel OneFull-service heritage, discount pricing; strong reach beyond the big cities.
Motilal OswalFull-service broker that charges options brokerage per lot.
Your questions
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Angel OneFull-service heritage, discount pricing; strong reach beyond the big cities.
Open accountRead reviewMotilal OswalFull-service broker that charges options brokerage per lot.
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