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The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Alice Blue ranges between Rs 15. The broker IIFL Securities and Motilal Oswal are full service brokers where Alice Blue is a discount broker. Overall rating for IIFL Securities is 4, Motilal Oswal is rated 4, Alice Blue is rated 4 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Motilal Oswal vs Alice Blue stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared IIFL Securities vs Motilal Oswal vs Alice Blue on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better IIFL Securities vs Motilal Oswal vs Alice Blue in this setion with 360 degree view of broker information.
 IIFL Securities |
 Motilal Oswal |
 Alice Blue |
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| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Broker Overview | IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...  |
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. | Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. |
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In this section we have compared IIFL Securities vs Motilal Oswal vs Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.
| Charges | IIFL Securities | Motilal Oswal | Alice Blue |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 250 PA (Free for 1st year) | Rs 400 per annum [Free for 1st year] | Rs 400 PA |
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Plans are the most important feature you look when compare IIFL Securities vs Motilal Oswal vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue offers Multiple Plans where IIFL Securities and Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Motilal Oswal | Alice Blue |
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| IIFL Securities | Zerodha | Alice Blue | |
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| Account Opening Request |
IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
| Brokerage Charges Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| Plan Name | IIFL iSERVE Brokerage Plan | Default Brokerage Plan | F15 Plan |
| Equity Delivery | Flat Rs 20 per order | 0.20% | Free |
| Equity Intraday | Flat Rs 20 per order | 0.02% | 0.05% or Rs 15 whichever is lower |
| Equity Futures | Flat Rs 20 per order | 0.02% | 0.05% or Rs 15 whichever is lower |
| Equity Options | Flat Rs 20 per order | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Futures | Flat Rs 20 per order | Rs 20 per lot | 0.05% or Rs 15 whichever is lower |
| Currency Options | Flat Rs 20 per order | Rs 20 per lot | Flat Fee Rs 15 |
| Commodity Trading | Flat Rs 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Funding | Yes - 18% interest PA | Yes - 18% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | Rs 50 Per Call + GST | NA | Rs 50 per order + GST |
| Auto Square off Charges | Rs 50 Per Call + GST | NA | Rs 50 per order + GST |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Alice Blue |
Compare IIFL Securities vs Motilal Oswal vs Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | 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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for alice-blue |
Compare IIFL Securities vs Motilal Oswal vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and Motilal Oswal offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Motilal Oswal vs Alice Blue. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Trading Platform Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| Desktop Trading Platform | IIFL Trader terminal | Orion Lite | ANT - Analyse and Trade |
| Desktop Demo | Desktop Demo | Desktop Demo | Info Not Available |
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| Web Trading Detail |
https://ttweb.indiainfoline.com |
https://power.motilaloswal.com/MOSL/userMaster/login |
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| Web Trading Demo | Info Not Available | Web Trading Demo | Info Not Available |
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| Mobile Trading App | IIFL Markets | MO Trader | ANT Mobile |
| Mobile Trading App Demo | IIFL Markets Demo | MO Trader Demo | ANT Mobile Demo |
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| Android App Download | Andriod IIFL Markets Download | Andriod MO Trader Download | Andriod Download |
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| iOS App Download | iOS IIFL Markets Download | iOS MO Trader Download | iOS ANT Mobile Download |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IIFL Securities | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for Alice Blue |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Alice Blue |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Alice Blue |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for alice-blue |
| IIFL Securities | Motilal Oswal | Alice Blue | ||
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82 Customer Reviews
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57 Customer Reviews
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8 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews |
Compare IIFL Securities vs Motilal Oswal vs Alice Blue 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities and Motilal Oswal offers PMS facility where Alice Blue doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| Equity Cash and F&O | |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Motilal Oswal vs Alice Blue on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal and Alice Blue provides Bracket Orders (BO) facility where IIFL Securities doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - IIFL Securities and Motilal Oswal offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.
| Order Type Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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Compare IIFL Securities vs Motilal Oswal vs Alice Blue on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | IIFL Securities | Motilal Oswal | Alice Blue |
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| 24/7 Customer Service | |
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| Customer Care Number | 022-40071000 | 022 40548000/022 67490600 | 08035215000/080-45490850 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://edumo.motilaloswal.com/ | https://tradeschool.aliceblueonline.com/ |
| Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website | https://www.indiainfoline.com/ | https://www.motilaloswal.com/ | https://www.aliceblueonline.com |
Compare IIFL Securities vs Motilal Oswal vs Alice Blue on research reports and tips provided by broker.
| IIFL Securities | Motilal Oswal | Alice Blue | |
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| Research ETF | |
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Compare IIFL Securities vs Motilal Oswal vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Motilal Oswal | Alice Blue | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 10900 | 83500 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹400 pa | ₹400 pa |
| Advance Deposit | Nil | NIL | Rs 0 |
| Statutory charges | Nil | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% of the value of the transaction |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹50 per certificate + ₹50 courier charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹30 per certificate + CDSL charges |
| Pledge Creation | ₹50 | ₹35 | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | Nil | ₹35 | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | Nil | ₹35 | ₹20 + CDSL charges |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Motilal Oswal vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Motilal Oswal | Alice Blue | |
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| Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or 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 MO Desktop or MO Trader or MO Investor Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. | Max 24 hrs except bank holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. |
| Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
Info Not Available | Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
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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;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| 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) | ||
| Enquire for IIFL Securities | Enquire for Motilal Oswal | Enquire for Alice Blue |
Last Updated on 2023-09-14T04:42:55+00:00
