Motilal Oswal vs Upstox 2026: Which Broker is Better?
Compare Motilal Oswal and Upstox side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Motilal Oswal
Upstox
| Motilal Oswal | Upstox | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.2/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | SEBI | SEBI |
| Platforms | Proprietary Web, Proprietary Mobile, MO Investor | Proprietary Web, Proprietary Mobile |
Motilal Oswal is the better choice overall, scoring 3.4/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Motilal Oswal offers lower spreads (0 pips).
See full side-by-side comparison belowMotilal Oswal vs Upstox: Key Differences
Motilal Oswal
WinnerUpstox
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Fees Comparison
Motilal Oswal
Lower feesUpstox
BrokerRank Verdict
Motilal Oswal scores 3.39/5 while Upstox scores 3.22/5 in our independent rating.
Motilal Oswal edges ahead overall, but Upstox may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Motilal Oswal
3.4/5
Choose Motilal Oswal if you want…
- Higher overall rating (3.4/5)
- No per-trade commission
- More market types (5)
- More established (est. 1987)
Upstox
3.2/5
Choose Upstox if you want…
Similar strengths to Motilal Oswal — compare below.
Also consider
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Both Motilal Oswal & Upstox are available in
Frequently Asked Questions
1Is Motilal Oswal better than Upstox?
Motilal Oswal scores higher overall on our independent rating system. Motilal Oswal holds a 3.4/5 rating vs Upstox's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Motilal Oswal or Upstox?
Motilal Oswal offers spreads from 0 pips, while Upstox starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Motilal Oswal vs Upstox?
Motilal Oswal requires a minimum deposit of $0. Upstox requires $0.
4Which broker is safer, Motilal Oswal or Upstox?
Motilal Oswal is regulated by SEBI, while Upstox holds licences from SEBI.
5What trading platforms do Motilal Oswal and Upstox support?
Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor. Upstox supports Proprietary Web, Proprietary Mobile.
6Can I use both Motilal Oswal and Upstox?
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.
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