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Motilal Oswal Vs Indira Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Motilal Oswal ranges between 0.02 to 0.20% while the brokerage of Indira Securities ranges between 0.01% to 0.10%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Indira Securities is 8,106 where number of active customer for Motilal Oswal is 1. Indira Securities is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs Indira Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Motilal Oswal vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Motilal Oswal vs Indira Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Motilal Oswal vs Indira Securities on Service

  Motilal Oswal Compare
Motilal Oswal
Indira Securities Compare
Indira Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 1 8,106
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs Indira Securities on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with Indira Securities on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Indira Securities
Charges Motilal Oswal Indira Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Indira Securities on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with Indira Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Motilal Oswal with Indira Securities on Plan Options
Plan Types Motilal Oswal Indira Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
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Brokerage Charges

Compare Motilal Oswal vs Indira Securities on Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare Motilal Oswal with Indira Securities
Brokerage Charges Compare Motilal Oswal Indira Securities
Plan Name Default Brokerage Plan Traditional Brokerage Plan
Equity Delivery 0.20% 0.10%
Equity Intraday 0.02% 0.01%
Equity Futures 0.02% 0.01%
Equity Options Rs 20 per lot Rs. 25 per lot (both side)
Currency Futures Rs 20 per lot Flat Fee Rs 20
Currency Options Rs 20 per lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage NIL NA
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges NA Free
Auto Square off Charges NA Free
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Indira Securities on Transaction Charges

Compare Motilal Oswal with Indira Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal with Indira Securities
Transaction Charges Compare Motilal Oswal Indira Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for indira-securities
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Account Features

Compare Motilal Oswal vs Indira Securities on Account Features

Compare Motilal Oswal with Indira Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities offers Algo Trading where Motilal Oswal doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Motilal Oswal with Indira Securities
Account Features Compare Motilal Oswal Indira Securities
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Motilal Oswal vs Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Indira Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Motilal Oswal with Indira Securities
Trading Platform Compare Motilal Oswal Indira Securities
Desktop Trading Platform Orion Lite ODIN Diet
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login https://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader TradeInsta
Mobile Trading App Demo MO Trader Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS TradeInsta Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare Motilal Oswal vs Indira Securities on User Rating

  Motilal Oswal Indira Securities
  57 Customer Reviews    Rate Motilal Oswal 1 Customer Reviews    Rate Indira Securities
Fees Ratings 3.2 2.0
Trading Brokerage Rating 2.6 4.0
Trading Platform Usability 3.2 2.0
Customer Service Ratings 3.0 2.0
Overall Ratings 3.0 3.0
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Indira Securities on Investment Offerings

Compare Motilal Oswal with Indira Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where Indira Securities doesn't offer

Investment Offerings - Compare Motilal Oswal with Indira Securities
Investment Offerings Compare Motilal Oswal Indira Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Motilal Oswal vs Indira Securities on Order Types

Order Type - Compare Motilal Oswal with Indira Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Motilal Oswal with Indira Securities
Order Type Compare Motilal Oswal Indira Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs Indira Securities on Customer Service

Compare Motilal Oswal with Indira Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Motilal Oswal with Indira Securities
Customer Service Compare Motilal Oswal Indira Securities
24/7 Customer Service Motilal Oswal vs Indira Securities - 24x7 customer support No Yes
Email Support Motilal Oswal vs Indira Securities - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs Indira Securities - Onine Live Chat No Yes
Phone Support Motilal Oswal vs Indira Securities - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs Indira Securities - Toll Free Number No Yes
Through Branches Motilal Oswal vs Indira Securities - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs Indira Securities - Customer Care Number 022 40548000/022 67490600 +91-(0)731-4797105/115/146
Account Opening Process Motilal Oswal vs Indira Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Motilal Oswal vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs Indira Securities - Knowledge Center/Education https://edumo.motilaloswal.com/ https://www.indiratrade.com/blog
Head Office Address Motilal Oswal vs Indira Securities - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website Motilal Oswal vs Indira Securities - Company Website https://www.motilaloswal.com/ https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare Motilal Oswal vs Indira Securities on Research Reports, Tips

Compare Motilal Oswal with Indira Securities on research reports and tips provided by the broker.

Research Reports - Compare Motilal Oswal with Indira Securities
  Motilal Oswal Indira Securities
Research Mutual Funds Motilal Oswal vs Indira Securities - Research Mutual Funds Yes No
Research Equity Reports Motilal Oswal vs Indira Securities - Research Equity Reports Yes Yes
Research ETF Motilal Oswal vs Indira Securities - Research ETF Yes No
Daily Market Report Motilal Oswal vs Indira Securities - Daily Market Report Yes Yes
Free Tips Motilal Oswal vs Indira Securities - Free Tips Yes Yes
Quarterly Result Analysis Motilal Oswal vs Indira Securities - Quarterly Results Yes Yes
News Alerts Motilal Oswal vs Indira Securities - Yes Yes
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Demat Account

Compare Motilal Oswal vs Indira Securities on Demat Account

Compare Motilal Oswal with Indira Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Indira Securities is ₹450 pa (Second year onwards) where for Motilal Oswal is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Indira Securities is ₹20 or 0.02% whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal with Indira Securities
  Motilal Oswal Indira Securities
DP Source CDSL CDSL
DP ID Motilal Oswal vs Indira Securities - DP ID 10900 752000
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹450 pa (Second year onwards)
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹20 or 0.02% whichever is higher
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹50 per RRN
Pledge Creation ₹35 ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹35 ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹35 ₹50 or 0.02% whichever is higher
Failed Instruction Charges Nil ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Indira Securities on Special Offers and Promotion

Compare Motilal Oswal with Indira Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs Indira Securities on Special Offers and Promotion
  Motilal Oswal Indira Securities
Pay In and Pay Out Options Motilal Oswal vs Indira Securities - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time Motilal Oswal vs Indira Securities - Payout Time Max 24 hrs except bank holidays.

Max 24 hrs except bank holidays

Bank Supported and Charges Motilal Oswal vs Indira Securities - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms.

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail Info Not Available HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

Dislikes

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T05:03:12+00:00