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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 3.0
Platforms & Tools 4.5 3.0
Customer Service 4.5 4.0
Year of Incorporation 1987 2000
Website http://www.motilaloswal.com www.sharekhan.com
Demat NSDL/CDSL NSDL & CDSL
Exchange Enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX & NCDEX
Active Clients 2016 192095 342592
Active Clients 2015 165844 335843
Active Clients 2014 152608 350509
Equity Delivery 0.5% -Negotiable 0.3% - Negotiable
Equity Intraday 0.05% -Negotiable 0.03% - Negotiable
Equity Futures 0.05% -Negotiable 0.03% of Turnover - Negotiable
Equity Options Rs 70/lot -Negotiable Rs 50/lot - Negotiable
Currency Futures 0.05% -Negotiable 0.03% of Turnover - Negotiable
Currency Options Rs 20/lot Rs 20/lot- Negotiable
Commodities 0.05% -Negotiable 0.03% of Turnover- Negotiable
Trading Only NA Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)
Trading & Demat Free, but with Margin Cheque Rs 500 which will be adjusted with brokerage
Commodity Free, but with Margin Cheque Nil
Software Yes Yes
Web/HTML5 Yes Yes
Android Apps Yes Yes
IOS Apps Yes Yes
Intraday 3 Months - Pay Extra for Falcon 30 Days
End of Day 10 years - Pay Extra for Falcon 10 Years
Coding No
Indicators Yes Yes
Online Trade Reports Yes Yes
Online PNL Reports Yes Yes
Online Contract Notes Yes Yes
Tax Ready Yes Yes
Equity Intraday Upto 10 Times Upto 10 Times
Equity Delivery Upto 3 times @24%/Annum Upto 5 Times (Interest charged)
Equity Options NA No Leverage
Equity Features Upto 2 Times Intraday Upto 2 times for Intraday
Currency Futures Upto 2 times Intraday No Leverage
Currency Options NA No Leverage
Commodities Upto 2 times Intraday Upto 2 times for Intraday
Equity 0.00325% of Turnover 0.00325% of Turnover
Equity Futures 0.00200% of Turnover 0.0021% of Turnover
Equity Options 0.051% of Premium Turnover 0.055% of Premium Turnover
AMC Charges Free Rs 400/year
DP Charges Rs 20/Debit Transaction Rs 30 or 0.03% whichever is higher
Commodities 0.0025% of Turnover 0.0027% of Turnover
Broker Assisted trades Nil Nil
Research & Tips Yes Yes
Brokerage Calculator No No
Margin Calculator No No
Braket Orders No Yes
Training & Education Yes Yes