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Finding a right stock broker that suits your needs can be a challenging task. Our tools help investors and traders finding the ideal stock broker that fulfills all their needs from a large pool of traditional and discount stock brokers. We help you compare and review brokerage charges, turnover charges, annual maintenance charges, trading terminals, mobile apps, margins and other important things.

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Overall 3.5 3.5
Brokerage Charges 1.0 1.5
Platforms & Tools 4.5 3.5
Customer Service 4.5 4.0
Year of Incorporation 1987 2006 (bought Enam Securities in 2012)
Website http://www.motilaloswal.com https://login.axisdirect.in/
Demat NSDL/CDSL NSDL
Exchange Enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE & BSE
Active Clients 2016 192095 2,36,534
Active Clients 2015 165844 1,84,325
Active Clients 2014 152608 1,20,292
Equity Delivery 0.5% -Negotiable 0.5%- Negotiable
Equity Intraday 0.05% -Negotiable 0.05%- Negotiable
Equity Futures 0.05% -Negotiable 0.05% of Turnover - Negotiable
Equity Options Rs 70/lot -Negotiable Rs 100/lot - Negotiable
Currency Futures 0.05% -Negotiable 0.05% of Turnover - Negotiable
Currency Options Rs 20/lot Rs 100/lot - Negotiable
Commodities 0.05% -Negotiable NA
Trading Only NA NA
Trading & Demat Free, but with Margin Cheque Rs 900
Commodity Free, but with Margin Cheque NA
Software Yes n
Web/HTML5 Yes
Android Apps Yes
IOS Apps Yes
Intraday 3 Months - Pay Extra for Falcon 5 days on Web based
End of Day 10 years - Pay Extra for Falcon 1 year on Web based
Coding No n
Indicators Yes
Online Trade Reports Yes
Online PNL Reports Yes
Online Contract Notes Yes
Tax Ready Yes
Equity Intraday Upto 10 Times Upto 10 times
Equity Delivery Upto 3 times @24%/Annum No Margin
Equity Options NA No Leverage
Equity Features Upto 2 Times Intraday No Leverage
Currency Futures Upto 2 times Intraday No Leverage
Currency Options NA No Leverage
Commodities Upto 2 times Intraday NA
Equity 0.00325% of Turnover 0.00325% of Turnover
Equity Futures 0.00200% of Turnover 0.019% of Turnover
Equity Options 0.051% of Premium Turnover 0.05% of Premium Turnover
AMC Charges Free Rs 500
DP Charges Rs 20/Debit Transaction Rs 19.5 or 0.04% whichever is higher
Commodities 0.0025% of Turnover NA
Broker Assisted trades Nil Rs 20
Research & Tips Yes
Brokerage Calculator No
Margin Calculator No
Braket Orders No
Training & Education Yes