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Motilal Oswal Vs Reliance Securities Vs Espresso Sharekhan: Which one is better?

The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of Espresso Sharekhan ranges between Rs 20. The broker Motilal Oswal and Reliance Securities are full service brokers where Espresso Sharekhan is a discount broker. Overall rating for Motilal Oswal is 4, Reliance Securities is rated 3.5, Espresso Sharekhan is rated 4 out of 5.

Here we present side-by-side comparison of Motilal Oswal vs Reliance Securities vs Espresso Sharekhan stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs Reliance Securities vs Espresso Sharekhan 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 Motilal Oswal vs Reliance Securities vs Espresso Sharekhan in this setion with 360 degree view of broker information.

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Service

  Motilal Oswal Compare
Motilal Oswal
Reliance Securities Compare
Reliance Securities
Espresso Sharekhan Compare
Espresso Sharekhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE BSE, NSE, MCX
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 Espresso, a part of Sharekhan offers the lowest brokerage online trading services at Rs. 20 flat brokerages on profitable intraday trades, and no brokerage on delivery and loss-making trades on the Beta-tested app and desktop trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Espresso Sharekhan
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Account Opening Charges and AMC

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Trading & Demat Account Opening Charges

In this section we have compared Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal charges Free for account opening, Reliance Securities charges Rs 950 for account opeing, and Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where Espresso Sharekhan charges Rs. 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Charges Motilal Oswal Reliance Securities Espresso Sharekhan
Trading Account Opening Fees Free Rs 950 Rs. 354 (Free for limited time)
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Rs. 400 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Plan Options

Plans are the most important feature you look when compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Reliance Securities offers Multiple Plans where Motilal Oswal and Espresso Sharekhan doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Zerodha Zerodha Espresso Sharekhan
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhanon 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.

Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.

Brokerage Charges - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Brokerage Charges Compare Motilal Oswal Reliance Securities Espresso Sharekhan
Plan Name Default Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based) Pay Only When You Profit
Equity Delivery 0.20% 0.50% Free
Equity Intraday 0.02% 0.05% 0.03% or Rs 20 whichever is lower
Equity Futures 0.02% 0.05% 0.03% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Rs 100 Per Lot Flat Fee Rs 20
Currency Futures Rs 20 per lot 0.05% 0.03% or Rs 20 whichever is lower
Currency Options Rs 20 per lot Rs 100 Per Lot Flat Fee Rs 20
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Future: 0.05%| Options: Rs 100 per lot 0.03% or Rs 20 whichever is lower
Minimum Brokerage 5 paise per share NIL
Hidden Charges No No
Call & Trade Charges NA Rs 20 per call (Free First 20 call per month) Rs. 50 + GST per order placed through dealing desk
Auto Square off Charges NA Free First 20 call PM and Rs 20 their onwards. Rs. 50 + GST per order placed through dealing desk
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Reliance Securities Brokerage Calculator for Espresso Sharekhan
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Share Broker's Transaction Charges

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Transaction Charges

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Transaction Charges Compare Motilal Oswal Reliance Securities Espresso Sharekhan
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 motilal-oswal Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for espresso-sharekhan
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Account Features

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Account Features

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan 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 - Motilal Oswal and Reliance Securities offers NRI Trading where Espresso Sharekhan doesn't offers NRI Trading.

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

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhanon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Reliance Securities vs Espresso Sharekhan. 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 Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Trading Platform Compare Motilal Oswal Reliance Securities Espresso Sharekhan
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://power.motilaloswal.com/MOSL/userMaster/login

http://tick.rsec.co.in/

https://trade.myespresso.com/trading/login

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App MO Trader TICK PRO Espresso Mobile App
Mobile Trading App Demo MO Trader Demo TICK PRO Demo Espresso Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod MO Trader Download Andriod TICK PRO Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS MO Trader Download iOS TICK PRO Download iOS Espresso Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Espresso Sharekhan
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Espresso Sharekhan
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Espresso Sharekhan
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for espresso-sharekhan

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Broker Ratings by Users

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on User Rating

  Motilal Oswal Reliance Securities Espresso Sharekhan
  57 Customer Reviews    Rate Motilal Oswal 52 Customer Reviews    Rate Reliance Securities 20 Customer Reviews    Rate Espresso Sharekhan
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
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 Espresso Sharekhan is Rated 0.1 / 5 based on 20 customer reviews
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Investment Offerings

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Investment Offerings

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan 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 - Motilal Oswal and Reliance Securities offers online mutual fund investment where Espresso Sharekhan doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Reliance Securities offers PMS facility where Espresso Sharekhan doesn't offers PMS facility.

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

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Order Types

Order Type - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan 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 doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Motilal Oswal and Espresso Sharekhan offers Good Till Cancelled (GTC) orders facility where Reliance Securities doesn't provides GTC.

Order Types - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Order Type Compare Motilal Oswal Reliance Securities Espresso Sharekhan
CNC order No No No
MIS order No No No
NRML order No No No
Cover order No No No
Bracket order No No No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes No Yes
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Customer Service Offered

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Customer Service

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan 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 Support - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
Customer Service Compare Motilal Oswal Reliance Securities Espresso Sharekhan
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes No
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes No
Customer Care Number 022 40548000/022 67490600 022 41596000 | 022 62436000 022 6767 0700
Account Opening Process Online/Paperless Online/Paperless 100% online/paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://edumo.motilaloswal.com/ https://www.reliancesmartmoney.com/Insights https://www.myespresso.com/the-espresso-blog
Head Office 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
Sharekhan Comtrade Private Limited
Lodha iThink Techno Campus, 10th Floor, Beta Building,
Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai - 400 042, Maharashtra.
Website https://www.motilaloswal.com/ https://www.reliancesmartmoney.com https://www.myespresso.com/
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Tips/Research/Reports Published

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Research Reports, Tips

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on research reports and tips provided by broker.

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

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Demat Account

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan
  Motilal Oswal Reliance Securities Espresso Sharekhan
DP Source CDSL CDSL CDSL
DP ID 10900 41400 36000
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa ₹400 pa
Advance Deposit NIL Nil Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Nil Nil Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges 0.03% (Min ₹30) + ₹5.50 (CDSL Charges)
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹30 request charges ₹5 per certificate (Min 50 per request)
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 ₹50 per certificate or ₹50 for every hundred securities
Pledge Creation ₹35 0.05% of transaction value (Min ₹30) 0.03% (Min ₹100)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30) NIL
Pledge Closure ₹35 0.05% of transaction value (Min ₹30) NIL
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30) NIL
Pledge Invocation ₹35 0.05% of transaction value (Min ₹30) NIL
Failed Instruction Charges Nil Nil Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Special Offers and Promotion

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs Reliance Securities vs Espresso Sharekhan on Special Offers and Promotion
  Motilal Oswal Reliance Securities Espresso Sharekhan
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
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...

  • No brokerage on losses.
  • Pay Max Rs. 20 per order brokerage charges across segments.
  • Zero brokerage on cash N carry (CNC) orders (delivery).
  • Zero Demat AMC charges for 1st Year
  • Hassle-free fund transfer via UPI and net banking.
  • Apply for buyback, NFO, and OFS at Rs. 20 per order + GST.
  • Pre-IPO apply feature to apply for IPO.
  • Free mobile app and Binge trading software for active traders.
  • Integrated watchlists, free scanners, quick order placement, and split order functionality.
  • Zero payment gateway charges on Axis, HDFC, ICICI, IDBI, IndusInd, and Kotak Mahindra Bank.
  • EspressoLogy and Learning center to learn about the stock market.
  • Place bracket order (BO) and after-market order.
  • Free GTD (Good Till Date) order
  • Margin trading facility.
  • No hidden charges.

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...

  • Espresso Sharekhan does not offer mutual funds.
  • You cannot open an integrated 3-in-1 account.
  • It does not provide 24*7 customer support.
  • NRI cannot open an account with Espresso Sharekhan.
  • Espresso Sharekhan Trade Booster is 7-day paid stock market learning platform.

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)
Enquire for Motilal Oswal Enquire for Reliance Securities Enquire for Espresso Sharekhan

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