Motilal Oswal Vs Nirmal Bang
| |Motilal Oswal Vs Nirmal Bang comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Motilal Oswal Vs Nirmal Bang Comparison
Here is a point by point comparison of Motilal Oswal Vs Nirmal Bang.
Motilal Oswal is a full-service broker that was incorporated way back in the year 1987. It boosts of 7.5 Lakh customers today with presence in more than 2200 locations around the country.
Nirmal Bang is an oldie in full-service broking segment in India with its operations starting in as early as 1986. This stock broking firm has a franchise count of more than 2000 across 360 cities of the country.
One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
Full-service brokers such as Motilal Oswal or Nirmal Bang, on the other hand, will help you, spoon feed you, handhold 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 and so on.
To make things easy for you, we have listed out the comparison between Motilal Oswal Vs Nirmal Bang to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Motilal Oswal Vs Nirmal Bang 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.
Motilal Oswal Review | Nirmal Bang Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service Broker |
Incorporated In the Year | 1987 | 1986 |
Number of branches across India | 2200 | 2000 |
Exchanges | BSE, NSE, NCDEX, MSEI | NSE, BSE, MCX, NCDEX and MCX–SX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹1000 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹200 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹441 | ₹0 |
Transaction Charges | Motilal Oswal Transaction Charges | Nirmal Bang Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.50% | 0.2% |
Intraday Delivery | 0.05% | 0.02% |
Equity Futures | 0.05% | 0.02% |
Equity Options | ₹75 per contract | ₹35 per lot |
Currency Futures | ₹20 per contract | 0.02% |
Currency Options | ₹20 per contract | ₹20 per lot |
Commodity | 0.03% | 0.01% |
Calculate Brokerage | Motilal Oswal Brokerage Calculator | Nirmal Bang Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 20 times on Intraday | Upto 4 times for Delivery, upto 10 times for Intraday |
Equity Futures | Upto 20 times on Intraday | Upto 4 times |
Equity Options | Upto 4 times | No Margins for Buying, Upto 2 times for Shorting |
Currency Futures | Upto 20 times on Intraday | No Margins for Buying, Upto 2 times for Shorting |
Currency Options | Upto 4 times | Upto 3 times |
Commodities | Upto 4 times | Upto 3 times |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
TRADING SEGMENTS | ||
Equity | ||
Mutual Funds | ||
IPOs | ||
Currency | ||
Commodity | ||
CUSTOMER SERVICE OPTIONS | ||
Email Support | ||
Live Chat | ||
Phone | ||
Toll Free Number | ||
Offline Branches | ||
FEATURES | ||
Mobile Trading | ||
Orders Accepted After Trading Hours | ||
Charting | ||
SMS Alerts | ||
Robo Advisory | ||
Automated Trading | ||
Market Tips | ||
Margin Funding | ||
Relationship Managers | ||
3 in 1 Account | ||
Trading Platform(s) | Motilal Mobile App, Tablet, Desktop, Smart Watch app, Web Platforms | ODIN Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App |
Total BSE+NSE Complaints | 145 | 129 |
OVERALL RATING | ||
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