Firstrade
Motilal Oswal
VS
Higher Rated
Firstrade
Capital at risk · T&Cs apply
Choosing between Firstrade and Motilal Oswal depends on your trading style, preferred markets, and budget. Firstrade is headquartered in New York, USA, while Motilal Oswal operates from Mumbai, India. Firstrade has the longer track record, established in 1985, compared to Motilal Oswal which was founded in 1987. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Firstrade
Motilal Oswal
Firstrade is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Firstrade
3.4 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
Firstrade
2 vs 1 licences
Min. Deposit
Tied
$0 vs $0
Firstrade
WinnerMotilal Oswal
Firstrade
Motilal Oswal
Firstrade holds licences from SEC, CFTC. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Stocks, Indices markets. Motilal Oswal adds Etf, Crypto, Commodities.
Firstrade supports Proprietary Web, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Web, Proprietary Mobile.
Firstrade requires no minimum deposit, while Motilal Oswal sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
BrokerRank scores Firstrade at 3.41/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Firstrade leads overall with a clear advantage.
Firstrade scores higher overall on our independent rating system. Firstrade holds a 3.4/5 rating vs Motilal Oswal's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Firstrade offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
Firstrade requires a minimum deposit of $0. Motilal Oswal requires $0.
Firstrade is regulated by SEC, CFTC, while Motilal Oswal holds licences from SEBI.
Firstrade supports Proprietary Web, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.