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Motilal Oswal Vs Reliance Securities: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where Reliance Securities offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal ranges between 0.02 to 0.20% while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. Both the brokers are Full Service brokers. Motilal Oswal is having overall higher rating compare to Reliance Securities. Motilal Oswal is rated 4 out of 5 where Reliance Securities is rated only 3.5 out of 5. Number of active customer for Reliance Securities is 74,804 where number of active customer for Motilal Oswal is 1. Reliance Securities is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs Reliance 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 Reliance 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 Reliance 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 Reliance 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 Reliance Securities on Service

  Motilal Oswal Compare
Motilal Oswal
Reliance Securities Compare
Reliance 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
Active Clients 1 74,804
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 Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ...Know more about Reliance 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 Reliance Securities on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Reliance Securities
Charges Motilal Oswal Reliance Securities
Trading Account Opening Fees Free Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Reliance Securities on Plan Options

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

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

Account Opening

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Brokerage Charges

Compare Motilal Oswal vs Reliance 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.

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

Brokerage Charges - Compare Motilal Oswal with Reliance Securities
Brokerage Charges Compare Motilal Oswal Reliance Securities
Plan Name Default Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based)
Equity Delivery 0.20% 0.50%
Equity Intraday 0.02% 0.05%
Equity Futures 0.02% 0.05%
Equity Options Rs 20 per lot Rs 100 Per Lot
Currency Futures Rs 20 per lot 0.05%
Currency Options Rs 20 per lot Rs 100 Per Lot
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Future: 0.05%| Options: Rs 100 per lot
Minimum Brokerage NIL 5 paise per share
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges NA Rs 20 per call (Free First 20 call per month)
Auto Square off Charges NA Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Reliance Securities on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with Reliance Securities
Transaction Charges Compare Motilal Oswal Reliance 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 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for reliance-securities
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Account Features

Compare Motilal Oswal vs Reliance Securities on Account Features

Compare Motilal Oswal with Reliance 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 - both 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 Reliance Securities
Account Features Compare Motilal Oswal Reliance 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 No
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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare Motilal Oswal vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Reliance 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 Reliance Securities
Trading Platform Compare Motilal Oswal Reliance Securities
Desktop Trading Platform Orion Lite InstaXpress
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 http://tick.rsec.co.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader TICK PRO
Mobile Trading App Demo MO Trader Demo TICK PRO Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod TICK PRO Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS TICK PRO 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 Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for reliance-securities

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Broker Ratings by Users

Compare Motilal Oswal vs Reliance Securities on User Rating

  Motilal Oswal Reliance Securities
  57 Customer Reviews    Rate Motilal Oswal 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.2 3.5
Trading Brokerage Rating 2.6 3.4
Trading Platform Usability 3.2 3.3
Customer Service Ratings 3.0 3.4
Overall Ratings 3.0 3.4
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Reliance Securities on Investment Offerings

Compare Motilal Oswal with Reliance 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare Motilal Oswal vs Reliance Securities on Order Types

Order Type - Compare Motilal Oswal with Reliance 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- Motilal Oswal offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Motilal Oswal with Reliance Securities
Order Type Compare Motilal Oswal Reliance 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 No
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Customer Service Offered

Compare Motilal Oswal vs Reliance Securities on Customer Service

Compare Motilal Oswal with Reliance 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 Reliance Securities
Customer Service Compare Motilal Oswal Reliance Securities
24/7 Customer Service Motilal Oswal vs Reliance Securities - 24x7 customer support No No
Email Support Motilal Oswal vs Reliance Securities - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs Reliance Securities - Onine Live Chat No Yes
Phone Support Motilal Oswal vs Reliance Securities - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs Reliance Securities - Toll Free Number No Yes
Through Branches Motilal Oswal vs Reliance Securities - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs Reliance Securities - Customer Care Number 022 40548000/022 67490600 022 41596000 | 022 62436000
Account Opening Process Motilal Oswal vs Reliance Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Motilal Oswal vs Reliance Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs Reliance Securities - Knowledge Center/Education https://edumo.motilaloswal.com/ https://www.reliancesmartmoney.com/Insights
Head Office Address Motilal Oswal vs Reliance Securities - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website Motilal Oswal vs Reliance Securities - Company Website https://www.motilaloswal.com/ https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare Motilal Oswal vs Reliance Securities on Research Reports, Tips

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

Research Reports - Compare Motilal Oswal with Reliance Securities
  Motilal Oswal Reliance Securities
Research Mutual Funds Motilal Oswal vs Reliance Securities - Research Mutual Funds Yes Yes
Research Equity Reports Motilal Oswal vs Reliance Securities - Research Equity Reports Yes Yes
Research ETF Motilal Oswal vs Reliance Securities - Research ETF Yes Yes
Daily Market Report Motilal Oswal vs Reliance Securities - Daily Market Report Yes Yes
Free Tips Motilal Oswal vs Reliance Securities - Free Tips Yes Yes
Quarterly Result Analysis Motilal Oswal vs Reliance Securities - Quarterly Results Yes Yes
News Alerts Motilal Oswal vs Reliance Securities - Yes Yes
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Demat Account

Compare Motilal Oswal vs Reliance Securities on Demat Account

Compare Motilal Oswal with Reliance 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 Reliance Securities is ₹300 pa 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 Reliance Securities is 0.04% (Min ₹27) + CDSL charges.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 Reliance Securities
  Motilal Oswal Reliance Securities
DP Source CDSL CDSL
DP ID Motilal Oswal vs Reliance Securities - DP ID 10900 41400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
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) 0.04% (Min ₹27) + CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹30 request charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹35 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Closure ₹35 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Invocation ₹35 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Reliance Securities on Special Offers and Promotion

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

Compare Motilal Oswal vs Reliance Securities on Special Offers and Promotion
  Motilal Oswal Reliance Securities
Pay In and Pay Out Options Motilal Oswal vs Reliance 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 funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Motilal Oswal vs Reliance Securities - Payout Time Max 24 hrs except bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Motilal Oswal vs Reliance Securities - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Info Not Available
Bank Detail Info Not Available RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes

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...

  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

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...

  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

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)
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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