NAGA
Motilal Oswal
VS
Higher Rated
NAGA
Capital at risk · T&Cs apply
Choosing between NAGA and Motilal Oswal depends on your trading style, preferred markets, and budget. NAGA is headquartered in Hamburg, Germany, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to NAGA which was founded in 2015. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
NAGA
Motilal Oswal
NAGA is the better choice overall, scoring 3.5/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Motilal Oswal offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
NAGA
3.5 vs 3.3
Lowest Fees
Motilal Oswal
0.7 vs 0 pips
Regulation
Tied
1 vs 1 licences
Min. Deposit
Motilal Oswal
$250 vs $0
NAGA
Motilal Oswal
NAGA
Motilal Oswal
Lower feesNAGA holds licences from CySEC. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Stocks, Crypto, Indices markets. NAGA additionally covers Forex, Cfd. Motilal Oswal adds Etf, Commodities.
On spreads, Motilal Oswal is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.7 pips at NAGA.
NAGA supports Proprietary Web, Proprietary Mobile, MT4, MT5. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Web, Proprietary Mobile.
NAGA requires a minimum deposit of $250, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
BrokerRank scores NAGA at 3.53/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. NAGA leads overall with a clear advantage.
NAGA scores higher overall on our independent rating system. NAGA holds a 3.5/5 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.
NAGA offers spreads from 0.7 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
NAGA requires a minimum deposit of $250. Motilal Oswal requires $0.
NAGA is regulated by CySEC, while Motilal Oswal holds licences from SEBI.
NAGA supports Proprietary Web, Proprietary Mobile, MT4, MT5. 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.