Motilal Oswal vs Zerodha: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeMotilal OswalZerodha
Licence Score53Moderate46Moderate
Strongest licence 2 Tier 2 2 Tier 2
Licences on record11
2 SEBI India LicensedLicensed
Founded19872010
HeadquartersIndiaIndia
TypeExchange-traded currency brokerExchange-traded currency broker
Publicly listedNSE:MOTILALOFSNo
PlatformsProprietaryProprietary
Minimum depositNo minimumNo minimum
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Frequently asked questions

Is Motilal Oswal or Zerodha better regulated?

Motilal Oswal has the higher Licence Score (53 vs 46), based on the number and tier of licences, operating history and public listing.

Which regulators license both Motilal Oswal and Zerodha?

Both are matched to licences from SEBI.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.