Motilal Oswal Vs Reliance Securities Vs Groww: 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 Groww ranges between Rs 20. The broker Motilal Oswal and Reliance Securities are full service brokers where Groww is a discount broker. Overall rating for Motilal Oswal is 4, Reliance Securities is rated 3.5, Groww is rated 4 out of 5.

Here we present side-by-side comparison of Motilal Oswal vs Reliance Securities vs Groww 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 Groww 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 Groww in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare Motilal Oswal vs Reliance Securities vs Groww on Service

	Motilal Oswal	Reliance Securities	Groww
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	NSE, BSE
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 & ...	Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...
Broker Enquiry

Account Opening Charges and AMC

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

In this section we have compared Motilal Oswal vs Reliance Securities vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Groww offer Free account opening where Reliance Securities charges Rs 950 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 Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
Charges	Motilal Oswal	Reliance Securities	Groww
Trading Account Opening Fees	Free	Rs 950	Free
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)	Free
Provide DP Service

About Brokerage Plans

Compare Motilal Oswal vs Reliance Securities vs Groww on Plan Options

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

Compare Motilal Oswal vs Reliance Securities vs Groww on Plan Options
Plan Types	Motilal Oswal	Reliance Securities	Groww
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	Zerodha	Zerodha	Zerodha
Account Opening Request	Open Zerodha Account Now>>	Open Zerodha Account Now>>	Open Zerodha Account Now>>

Brokerage Charges

Compare Motilal Oswal vs Reliance Securities vs Growwon 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.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
Brokerage Charges Compare	Motilal Oswal	Reliance Securities	Groww
Plan Name	Default Brokerage Plan	R-FIXED Online Brokerage Plan (Percentage Based)	Flat Brokerage Plan
Equity Delivery	0.20%	0.50%	0.05% or Rs 20 whichever is lower
Equity Intraday	0.02%	0.05%	0.05% or Rs 20 whichever is lower
Equity Futures	0.02%	0.05%	Flat Fee Rs 20
Equity Options	Rs 20 per lot	Rs 100 Per Lot	Flat Fee Rs 20
Currency Futures	Rs 20 per lot	0.05%	Not Available
Currency Options	Rs 20 per lot	Rs 100 Per Lot	Not Available
Commodity Trading	Futures: 0.02%\| Options: Rs 200 Per Lot	Future: 0.05%\| Options: Rs 100 per lot	Not Available
Minimum Brokerage		5 paise per share
Hidden Charges	No	No
Call & Trade Charges	NA	Rs 20 per call (Free First 20 call per month)	Rs 50 Per Executable Order
Auto Square off Charges	NA	Free First 20 call PM and Rs 20 their onwards.	Rs 50 Per Executable Order
Brokerage Calculator	Brokerage Calculator for Motilal Oswal	Brokerage Calculator for Reliance Securities	Brokerage Calculator for Groww

Share Broker's Transaction Charges

Compare Motilal Oswal vs Reliance Securities vs Groww on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal vs Reliance Securities vs Groww
Transaction Charges Compare	Motilal Oswal	Reliance Securities	Groww
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	NA
Brokerage Charges	Complete Brokerage Plans for motilal-oswal	Complete Brokerage Plans for reliance-securities	Complete Brokerage Plans for groww

Account Features

Compare Motilal Oswal vs Reliance Securities vs Groww on Account Features

Compare Motilal Oswal vs Reliance Securities vs Groww 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 Groww doesn't offers NRI Trading.

Account Features - Motilal Oswal vs Reliance Securities vs Groww
Account Features Compare	Motilal Oswal	Reliance Securities	Groww
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM	3:10 PM
NRI Trading
Other Features	NIL	Mobile Application: Rmobile Xpress	NIL

Trading Platform

Compare Motilal Oswal vs Reliance Securities vs Growwon 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 Groww. 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 Groww
Trading Platform Compare	Motilal Oswal	Reliance Securities	Groww
Web Trading Platform
Web Trading Detail	https://power.motilaloswal.com/MOSL/userMaster/login	http://tick.rsec.co.in/	Yes
Web Trading Demo	Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	MO Trader	TICK PRO	Groww App
Mobile Trading App Demo	MO Trader Demo	TICK PRO Demo	Groww App Demo
Android Mobile App
Android App Download	Andriod MO Trader Download	Andriod TICK PRO Download	Andriod Download
iPhone Mobile App (IOS)
iOS App Download	iOS MO Trader Download	iOS TICK PRO Download	iOS Groww App Download
Android Tablet App
iPad App (IOS)
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 Groww
Futures Brokerage Calculator	Futures Brokerage Calculator for Motilal Oswal	Futures Brokerage Calculator for Reliance Securities	Futures Brokerage Calculator for Groww
Options Brokerage Calculator	Options Brokerage Calculator for Motilal Oswal	Options Brokerage Calculator for Reliance Securities	Options Brokerage Calculator for Groww
Detail	Detail on Trading Platforms for motilal-oswal	Detail on Trading Platforms for reliance-securities	Detail on Trading Platforms for groww

Broker Ratings by Users

Compare Motilal Oswal vs Reliance Securities vs Groww on User Rating

	Motilal Oswal	Reliance Securities	Groww
	57 Customer Reviews	52 Customer Reviews	20 Customer Reviews
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	Groww is Rated 1.7 / 5 based on 20 customer reviews

Investment Offerings

Compare Motilal Oswal vs Reliance Securities vs Groww on Investment Offerings

Compare Motilal Oswal vs Reliance Securities vs Groww 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 - Motilal Oswal and Reliance Securities offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Reliance Securities offers PMS facility where Groww doesn't offers PMS facility.

Investment Offerings - Compare Motilal Oswal vs Reliance Securities vs Groww
Investment Offerings Compare	Motilal Oswal	Reliance Securities	Groww
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL	NIL

Order Types

Compare Motilal Oswal vs Reliance Securities vs Groww on Order Types

Order Type - Compare Motilal Oswal vs Reliance Securities vs Groww 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) - Motilal Oswal and Reliance Securities AMO facility where Groww doesn't provides AMO. GTC Orders - Motilal Oswal offers Good Till Cancelled (GTC) orders facility where Reliance Securities and Groww doesn't provides GTC.

Order Types - Compare Motilal Oswal vs Reliance Securities vs Groww
Order Type Compare	Motilal Oswal	Reliance Securities	Groww
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Motilal Oswal vs Reliance Securities vs Groww on Customer Service

Compare Motilal Oswal vs Reliance Securities vs Groww 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 Groww
Customer Service Compare	Motilal Oswal	Reliance Securities	Groww
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022 40548000/022 67490600	022 41596000 \| 022 62436000	9108800604
Account Opening Process	Online/Paperless	Online/Paperless	Online
Customer Support Email	[email protected]	[email protected]	[email protected]
Knowledge Center/Education	https://edumo.motilaloswal.com/	https://www.reliancesmartmoney.com/Insights	https://groww.in/academy
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	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034
Website	https://www.motilaloswal.com/	https://www.reliancesmartmoney.com	https://groww.in/

Tips/Research/Reports Published

Compare Motilal Oswal vs Reliance Securities vs Groww on Research Reports, Tips

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

Research Reports - Compare Motilal Oswal vs Reliance Securities vs Groww
	Motilal Oswal	Reliance Securities	Groww
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Motilal Oswal vs Reliance Securities vs Groww on Demat Account

Compare Motilal Oswal vs Reliance Securities vs Groww 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 Groww
	Motilal Oswal	Reliance Securities	Groww
DP Source	CDSL	CDSL	CDSL
DP ID	10900	41400	88700
Demat Account Annual Maintenance Charges(AMC)	₹400 pa	₹300 pa	Zero
Advance Deposit	NIL	Nil	Nil
Statutory charges	Nil	Nil	Legal Charges
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)	0.04% (Min ₹27) + CDSL charges	₹8 + ₹5.50 CDSL charges
Demat	₹50 per certificate + ₹50 courier charges	₹5 per certificate + ₹30 request charges	₹150 per certificate + courier 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	₹150 per certificate + courier charges
Pledge Creation	₹35	0.05% of transaction value (Min ₹30)	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation	Nil	0.05% of transaction value (Min ₹30)	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure	₹35	0.05% of transaction value (Min ₹30)	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation	Nil	0.05% of transaction value (Min ₹30)	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation	₹35	0.05% of transaction value (Min ₹30)	₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges	Nil	Nil	₹50
Other Charges

Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Reliance Securities vs Groww on Special Offers and Promotion

Compare Motilal Oswal vs Reliance Securities vs Groww 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 Groww on Special Offers and Promotion
	Motilal Oswal	Reliance Securities	Groww
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...	Trade or invest in equity, F&O, mutual funds, IPO, US Stocks Rs 0 account opening fee with no AMC Best UI Interface-enabled app and website Equity and F&O trading at Rs 20 maximum brokerage No cost investment in direct mutual funds. TradingView charts and wide range of technical indicators Advance orders like GTT, Target order, and Basket order Get instant and flexible loans on Groww Get the latest trending news and updates on the Groww Digest 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 247 customer support**. Detail Review...	Does not offer commodity and currency trading No desktop trading terminal Bracket order and cover order are not available No intraday trading tips and stock research reports NRIs cannot open an account in Groww 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 Groww

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Transaction Charges Compare	Motilal Oswal	Reliance Securities	Groww
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	NA
Brokerage Charges	Complete Brokerage Plans for motilal-oswal	Complete Brokerage Plans for reliance-securities	Complete Brokerage Plans for groww