FxPesa
Motilal Oswal
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FxPesa
Capital at risk · T&Cs apply
Choosing between FxPesa and Motilal Oswal depends on your trading style, preferred markets, and budget. FxPesa is headquartered in Nairobi, Kenya, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to FxPesa which was founded in 2019. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
FxPesa
Motilal Oswal
FxPesa (3.3/5) and Motilal Oswal (3.3/5) are closely matched. Motilal Oswal has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowOverall Rating
FxPesa
3.3 vs 3.3
Lowest Fees
Motilal Oswal
0.6 vs 0 pips
Regulation
Tied
1 vs 1 licences
Min. Deposit
Motilal Oswal
$5 vs $0
FxPesa
Motilal Oswal
WinnerFxPesa
Motilal Oswal
Lower feesFxPesa holds licences from CMA. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Indices, Commodities, Crypto markets. FxPesa additionally covers Forex, Cfd. Motilal Oswal adds Stocks, Etf.
On spreads, Motilal Oswal is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at FxPesa.
FxPesa supports MT5, Proprietary Web, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Web, Proprietary Mobile.
FxPesa requires a minimum deposit of $5, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
BrokerRank scores FxPesa at 3.27/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. FxPesa leads overall with a marginal advantage.
FxPesa (3.3/5) and Motilal Oswal (3.3/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
FxPesa offers spreads from 0.6 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
FxPesa requires a minimum deposit of $5. Motilal Oswal requires $0.
FxPesa is regulated by CMA, while Motilal Oswal holds licences from SEBI.
FxPesa supports MT5, 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.