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Side-by-Side Comparison Independent Updated Oct 2, 2026

Motilal Oswal vs Windsor Brokers 2026: Which Broker is Better?

Choosing between Motilal Oswal and Windsor Brokers depends on your trading style, preferred markets, and budget. Motilal Oswal is headquartered in Mumbai, India, while Windsor Brokers operates from Limassol, Cyprus. Motilal Oswal has the longer track record, established in 1987, compared to Windsor Brokers which was founded in 1988. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.

Motilal Oswal

Windsor Brokers

Higher ratedMotilal Oswal logo

Motilal Oswal

3.4/ 5
Visit Motilal Oswal →Full review
VS
Motilal OswalWindsor Brokers
BrokerRank Score3.4/5 ✓3.2/5
Min. Deposit$0 ✓$100
Spread from0 pips0 pips
Max Leverage1:51:500 ✓
RegulationSEBICySEC, FSA ✓
PlatformsProprietary Web, Proprietary Mobile, MO InvestorMT4, MT5
Quick VerdictBrokerRank recommends
Best for Beginners
Motilal OswalWindsor Brokers
Best for Low Fees
Motilal OswalWindsor Brokers
Best for Regulation
Windsor BrokersMotilal Oswal
Best Overall
Motilal OswalWindsor Brokers
Quick Answer

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 below

Motilal Oswal vs Windsor Brokers: Key Differences

Feature

Motilal Oswal

Winner

Windsor Brokers

Our Rating
3.4 / 5
3.2 / 5
Min. Deposit
$0
$100
Max Leverage
Spread From
0 pips
0 pips
Commission
None
$3/lot
Regulated By
Platforms
Proprietary Web, Proprietary Mobile, MO Investor
MT4, MT5
Markets
Stocks, Etf, Crypto, Commodities, Indices
Forex, Cfd, Indices, Commodities, Stocks
Founded
1987
1988
Headquarters
Mumbai, India
Limassol, Cyprus
Score
3 / 4
1 / 4

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Fees Comparison

Fee

Motilal Oswal

Lower fees

Windsor Brokers

Spread From
0 pips
0 pips
Commission
None
$3/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

Regulation & Trust

Motilal Oswal holds licences from SEBI. Windsor Brokers is regulated by CySEC, FSA.

Markets & Assets

Both brokers offer access to Stocks, Commodities, Indices markets. Motilal Oswal additionally covers Etf, Crypto. Windsor Brokers adds Forex, Cfd.

Trading Platforms

Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor. Windsor Brokers offers MT4, MT5.

Minimum Deposit

Motilal Oswal requires no minimum deposit, while Windsor Brokers sets a minimum deposit of $100. This makes Motilal Oswal accessible to traders with any budget.

Overall Ratings

BrokerRank scores Motilal Oswal at 3.26/5 and Windsor Brokers at 3.21/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Motilal Oswal leads overall with a marginal advantage.

BrokerRank Verdict

Motilal Oswal and Windsor Brokers are closely matched, with Motilal Oswal scoring 3.26/5 against Windsor Brokers's 3.21/5. Windsor Brokers offers comparable regulatory coverage. Motilal Oswal is more accessible for new traders with its lower minimum deposit requirement. For most traders, Motilal Oswal is the stronger all-round choice, though Windsor Brokers remains competitive for traders who prioritise regulatory breadth across multiple jurisdictions.

Who Should Choose Which?

Motilal Oswal

Motilal Oswal

3.4/5

Top pick

Choose Motilal Oswal if you want…

  • Higher overall rating (3.4/5)
  • No per-trade commission
  • No minimum deposit
  • More established (est. 1987)
Windsor Brokers

Windsor Brokers

3.2/5

Choose Windsor Brokers if you want…

  • Higher leverage (up to 1:500)
  • More regulatory licences (2)

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Both Motilal Oswal & Windsor Brokers are available in

Frequently Asked Questions

1

Is Motilal Oswal better than Windsor Brokers?

Motilal Oswal scores higher overall on our independent rating system. Motilal Oswal holds a 3.4/5 rating vs Windsor Brokers's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, Motilal Oswal or Windsor Brokers?

Motilal Oswal offers spreads from 0 pips, while Windsor Brokers starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Motilal Oswal vs Windsor Brokers?

Motilal Oswal requires a minimum deposit of $0. Windsor Brokers requires $100.

4

Which broker is safer, Motilal Oswal or Windsor Brokers?

Motilal Oswal is regulated by SEBI, while Windsor Brokers holds licences from CySEC, FSA.

5

What trading platforms do Motilal Oswal and Windsor Brokers support?

Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor. Windsor Brokers supports MT4, MT5.

6

Can I use both Motilal Oswal and Windsor Brokers?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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