The comparison between SBI Securities, Fyers, and Motilal Oswal highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Sbi Securities is known for its user-friendly trading experience and reliability, while Fyers stands out for offering competitive brokerage rates and an advanced mobile trading platform. Motilal Oswal provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 991,155 active, 3.01 Lakh, and 10.2 Lakhs users respectively, reflecting their popularity among investors. Overall, this comparison of SBI Securities, Fyers, and Motilal Oswal helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their offerings. SBI Securities provides 4 for Overall Rating, while Fyers offers 4 and Motilal Oswal features 4.
| Services / Features | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 991,155 active | 3.01 Lakh | 10.2 Lakhs |
| Broker Overview | SBI Securities Review | Fyers Review | Motilal Oswal Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between SBI Securities, Fyers, and Motilal Oswal reveal significant differences in their offerings. SBI Securities provides N/A trading and demat account opening, while Fyers offers N/A and Motilal Oswal features N/A.
| Account Opening Charges and AMC | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Trading Account Opening | — | — | — |
| Trading AMC | — | — | — |
| Demat Account Opening | — | — | — |
| Demat AMC | — | — | ₹199 per year |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their offerings. SBI Securities provides Available plans, while Fyers offers - and Motilal Oswal features -.
| Brokerage Plans | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Multiple Plans | Available | - | - |
| Monthly Plans | - | - | - |
| Yearly Plans | Available | - | - |
Brokerage Charges
This comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their brokerage charges. SBI Securities charges N/A brokerage on equity delivery and intraday, N/A for futures, and N/A for options. Fyers charges ₹20 or 0.03% per executed order brokerage on equity delivery and intraday, ₹20 or 0.03% per executed order for futures, and ₹20 per executed order for options. Motilal Oswal charges 0.20% brokerage on equity delivery and intraday, 0.02% for futures, and ₹20 per lot for options.
| Brokerage Charges | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | ₹20 or 0.03% per executed order | 0.20% | |
| Equity Intraday | ₹20 or 0.03% per executed order | Rs 0 (Free for lifetime) | |
| Equity Futures | ₹20 or 0.03% per executed order | 0.02% | |
| Equity Options | ₹20 per executed order | ₹20 per lot | |
| Currency Futures | ₹20 or 0.03% per executed order | ₹20 per lot | |
| Currency Options | ₹20 per executed order | ₹20 per lot | |
| Commodity Futures | ₹20 per executed order | 0.02% | |
| Commodity Options | ₹20 per executed order | Rs 200 Per Lot | |
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹20 per executed order | ₹50 + GST per executed order | ₹25 + GST |
| Auto Square Off Charges | ₹40 per order | ₹50 + GST per executed order | ₹25 + GST |
| Brokerage Calculator |
Transactions Charges
This comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their transactions. SBI Securities provides NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) for Transaction Charges Equity Delivery, while Fyers offers NSE: 0.00297% | BSE: 0.00375% and Motilal Oswal features NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side).
| Transactions Charges | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | BSE: 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | BSE: 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00173% | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE: 0.03503% | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE: 0.00035% | BSE: 0.00045% | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE: 0.0311% | BSE: 0.001% | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | — | MCX- Non-Agri: 0.0418% | — |
Account Features
These are the notable distinctions in the account features of SBI Securities, Fyers, and Motilal Oswal when compared.
| Account Features | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| 3-in-1 Account | Yes | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | Yes |
Trading Platforms
The trading platforms comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their offerings. SBI Securities, Fyers and Motilal Oswal provide web trading platforms and mobile trading platforms.
| Trading Platforms | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | SBI Securities | Fyers Web Trading | Motilal Oswal |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Nil | Zero |
Broker Ratings
The broker ratings comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their offerings. SBI Securities provides 4.2 for Fees Ratings, while Fyers offers 4 and Motilal Oswal features 4.3.
| Broker Ratings | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Fees Ratings | 4.2 | 4 | 4.3 |
| Trading Brokerage Rating | 3.8 | 4 | 4.3 |
| Trading Platform Usability | 3.9 | 4 | 4.3 |
| Customer Service Ratings | 3.9 | 4 | 4.3 |
| Overall Ratings | 3.9 | 4 | 4.3 |
Investment Offerings
This comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their investment offerings. SBI Securities provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Fyers provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and Motilal Oswal provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | Yes | No | No |
| Insurance | Yes | No | No |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support Offered
This comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their customer support offerings. SBI Securities provides Yes Customer Service, while Fyers offers No and Motilal Oswal features Yes.
| Customer Support Offered | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| 24/7 Customer Service | Yes | No | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | — | No | 022 40548383 |
| Through Branches | Yes | No | — |
| Customer Care Number | 02268545555 | 080-60001111 | +91 9769972825 |
| Account Opening Process | Online/offline | Online | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | — | https://www.motilaloswal.com/news |
| Head Office Address | Marathon Futurex, B-wing, 12th Floor, Lower Parel East, Mumbai – 400013 | Brigade Magnum, | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025 |
| Website | https://www.sbisecurities.in/ | https://fyers.in/ | https://www.motilaloswal.com/ |
Research and Reports
The research and reports comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their offerings.
| Research and Reports | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between SBI Securities, Fyers, and Motilal Oswal reveals significant differences in their demat account charges. SBI Securities provides CDSL & NSDL for DP Source, while Fyers offers CDSL & NSDL and Motilal Oswal features CDSL & NSDL.
| Demat Account Charges | SBI Securities | Fyers | Motilal Oswal |
|---|---|---|---|
| DP Source | CDSL & NSDL | CDSL & NSDL | CDSL & NSDL |
| DP ID | NSDL: IN300351, IN301397, IN301444, IN302531 | CDSL: 12089400 | NSDL: IN304502 | 16-2015 |
| Demat Account Annual Maintenance Charges (AMC) | — | — | Rs 199 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | — | 0.025% or Rs 30 |
| Demat | Rs 5 per cert + Rs 35 courier charges per request | — | Rs 100 per certificate + Rs 50 per certificate |
| Remat | Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity | ₹10/- per certificate | Rs 35 per certificate + 25 courier charges |
| Pledge Creation | 0.02% of Value or Min Rs 25/- whichever is higher | ₹5 | Rs 35 or 0.02% |
| Pledge Creation Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | - | Nil |
| Pledge Closure | 0.02% of Value or Min Rs 25/- whichever is higher | ₹5 | Rs 35 or 0.02% |
| Pledge Closure Confirmation | 0.02% of Value or Min Rs 25/- whichever is higher | - | Nil |
| Pledge Invocation | 0.02% of Value or Min Rs 25/- whichever is higher | ₹5 | Rs 35 or 0.02% |
| Failed Instruction Charges | Rs 10 per failed instruction | — | Nil |
| Other Charges | — | - | Demat Rejection: Rs 50 per request |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| SBI Securities |
|
|
| Fyers |
|
|
| Motilal Oswal |
|
|
Frequently Asked Questions
The account opening charges vary significantly: SBI Securities charges Not specified, Fyers charges Not specified, and Motilal Oswal charges Not specified. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: SBI Securities offers Not specified for equity intraday, Fyers provides ₹20 or 0.03% per executed order, and Motilal Oswal charges Rs 0 (Free for lifetime). The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: SBI Securities offers 4, Fyers provides 4, and Motilal Oswal features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: SBI Securities has 4 support, Fyers offers 4, and Motilal Oswal provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: SBI Securities with 3.9, Fyers with 4, and Motilal Oswal with 4.3. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: SBI Securities (Yes), Fyers (Yes), and Motilal Oswal (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: SBI Securities offers user-friendly platforms with educational resources, Fyers provides competitive pricing with intuitive interfaces, and Motilal Oswal combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: SBI Securities focuses on intuitive design and quick execution, Fyers emphasizes advanced charting and analysis tools, while Motilal Oswal balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
SBI Securities
Fyers
