FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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 Reliance Securities ranges between 0.05 - 0.50%. All 3 brokers are full service brokers. Overall rating for IIFL Securities is 4, Motilal Oswal is rated 4, Reliance Securities is rated 3.5 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Motilal Oswal vs Reliance Securities 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 Reliance Securities 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 Reliance Securities in this setion with 360 degree view of broker information.
In this section we have compared IIFL Securities vs Motilal Oswal vs Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities and Motilal Oswal offer Free account opening where Reliance Securities charges Rs 950 for account opeing. 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 Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.
Charges | IIFL Securities | Motilal Oswal | Reliance Securities |
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Trading Account Opening Fees | Free | Free | Rs 950 |
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| Rs. 2,500 (Lifetime Free AMC) |
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Plans are the most important feature you look when compare IIFL Securities vs Motilal Oswal vs Reliance Securities. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Reliance Securities 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 | Reliance Securities |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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IIFL Securities | Zerodha | Zerodha | |
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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.
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 | IIFL Securities | Motilal Oswal | Reliance Securities |
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Plan Name | IIFL iSERVE Brokerage Plan | Default Brokerage Plan | R-FIXED Online Brokerage Plan (Percentage Based) |
Equity Delivery | Flat Rs 20 per order | 0.20% | 0.50% |
Equity Intraday | Flat Rs 20 per order | 0.02% | 0.05% |
Equity Futures | Flat Rs 20 per order | 0.02% | 0.05% |
Equity Options | Flat Rs 20 per order | Rs 20 per lot | Rs 100 Per Lot |
Currency Futures | Flat Rs 20 per order | Rs 20 per lot | 0.05% |
Currency Options | Flat Rs 20 per order | Rs 20 per lot | Rs 100 Per Lot |
Commodity Trading | Flat Rs 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Future: 0.05%| Options: Rs 100 per lot |
Minimum Brokerage | 5 paise per share | ||
Hidden Charges | Info Not Available | No | |
Funding | Yes - 18% interest PA | Yes - 18% interest PA | Yes - 18% interest PA |
Call & Trade Charges | Rs 50 Per Call + GST | NA | Rs 20 per call (Free First 20 call per month) |
Auto Square off Charges | Rs 50 Per Call + GST | NA | Free First 20 call PM and Rs 20 their onwards. |
Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Reliance Securities |
Compare IIFL Securities vs Motilal Oswal vs Reliance Securities on transaction charges and PCM fee by segment.
Transaction Charges Compare | IIFL Securities | Motilal Oswal | Reliance Securities |
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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 260 Per Cr | Agri: Rs 175 Per Cr |
Brokerage Charges | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for reliance-securities |
Compare IIFL Securities vs Motilal Oswal vs Reliance Securities 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 -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.
Account Features Compare | IIFL Securities | Motilal Oswal | Reliance Securities |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
NRI Trading | ![]() |
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Other Features | NIL | NIL | Mobile Application: Rmobile Xpress |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Motilal Oswal vs Reliance Securities. 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.
Compare IIFL Securities vs Motilal Oswal vs 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 - 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) - All 3 brokers offers PMS facility. You can invest in stocks/equity/bonds using PMS.
Investment Offerings Compare | IIFL Securities | Motilal Oswal | Reliance Securities |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Motilal Oswal vs Reliance Securities 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 Reliance Securities 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 Reliance Securities doesn't provides GTC.
Order Type Compare | IIFL Securities | Motilal Oswal | Reliance Securities |
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CNC order | ![]() |
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MIS order | ![]() |
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NRML order | ![]() |
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Cover order | ![]() |
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Bracket order | ![]() |
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AMO-After Market Orders | ![]() |
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GTC-Good Till Cancelled | ![]() |
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Compare IIFL Securities vs Motilal Oswal vs Reliance Securities 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 | Reliance Securities |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 022-40071000 | 022 40548000/022 67490600 | 022 41596000 | 022 62436000 |
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://www.reliancesmartmoney.com/Insights |
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 |
Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
Website | https://www.indiainfoline.com/ | https://www.motilaloswal.com/ | https://www.reliancesmartmoney.com |
Compare IIFL Securities vs Motilal Oswal vs Reliance Securities on research reports and tips provided by broker.
IIFL Securities | Motilal Oswal | Reliance Securities | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare IIFL Securities vs Motilal Oswal vs Reliance Securities on Demat Service and Charges. This section cover about demat charges, demat service and other details
IIFL Securities | Motilal Oswal | Reliance Securities | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 44700 | 10900 | 41400 |
Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹400 pa | ₹300 pa |
Advance Deposit | Nil | NIL | Nil |
Statutory charges | Nil | Nil | Nil |
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% (Min ₹27) + CDSL charges |
Demat | ₹15 per certificate + ₹40 courier charges | ₹50 per certificate + ₹50 courier charges | ₹5 per certificate + ₹30 request 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 | ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges |
Pledge Creation | ₹50 | ₹35 | 0.05% of transaction value (Min ₹30) |
Pledge Creation Confirmation | Nil | Nil | 0.05% of transaction value (Min ₹30) |
Pledge Closure | Nil | ₹35 | 0.05% of transaction value (Min ₹30) |
Pledge Closure Confirmation | Nil | Nil | 0.05% of transaction value (Min ₹30) |
Pledge Invocation | Nil | ₹35 | 0.05% of transaction value (Min ₹30) |
Failed Instruction Charges | Nil | Nil | Nil |
Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Motilal Oswal vs Reliance Securities on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
IIFL Securities | Motilal Oswal | Reliance Securities | |
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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 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 | 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. | Max 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. | NA |
Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
Info Not Available | RELIANCE SECURITIES LTD Account No.:9500XXXXXXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001 |
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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 Reliance Securities |
Last Updated on 2023-09-14T04:42:55+00:00