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Motilal Oswal Vs IIFL Securities NRI Account Comparison

The side-by-side comparison of Motilal Oswal and IIFL Securities NRI Account. Compare Motilal Oswal Vs IIFL Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL Securities and Motilal Oswal NRI Account reviews.

Find out Motilal Oswal Vs IIFL Securities which is better NRI Trading Account. See Motilal Oswal Vs IIFL Securities which is best NRI Demat Account.

Our Motilal Oswal Securities Ltd comparison with IIFL Securities Ltd highlights the major differences between two brokers. Find the best between Motilal Oswal and IIFL Securities NRI Account.

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Motilal Oswal Vs IIFL Securities

  Motilal Oswal IIFL Securities
 
  Motilal Oswal Securities Ltd Logo IIFL Securities Ltd Logo
About the Broker Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Investment Account NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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Motilal Oswal Vs IIFL Securities Charges

  Motilal Oswal IIFL Securities
NRI Account Opening Fees ₹750
NRI Account AMC ₹400 + GST
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 400 (Free for 1st Year) Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Motilal Oswal Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Motilal Oswal NRI Investment Account IIFL Securities NRI Account
Equity Delivery 0.50% 0.50%
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Motilal Oswal Vs IIFL Securities NRI Account Taxes/Fees

  Motilal Oswal IIFL Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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Motilal Oswal Vs IIFL Securities NRI Account Margin

  Motilal Oswal Margin IIFL Securities Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Motilal Oswal and IIFL Securities NRI Account Features

  Motilal Oswal IIFL Securities
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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Motilal Oswal Vs IIFL Securities NRI Account Review

  Motilal Oswal Review IIFL Securities Review
  131 Customer Reviews    Rate Motilal Oswal 128 Customer Reviews    Rate IIFL Securities
Fees 2.7 2.8
Brokerage 2.2 2.6
Trading Platform 2.9 3.2
Customer Service 2.5 2.6
Overall Rating Rated 2.3 stars Rated 2.6 stars
Broker Rating Motilal Oswal is Rated 2.3 / 5 based on 131 customer reviews IIFL Securities is Rated 2.6 / 5 based on 128 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire IIFL Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Motilal Oswal Vs IIFL Securities NRI Investment Options

  Motilal Oswal IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Motilal Oswal Vs IIFL Securities NRI Customer Service

  Motilal Oswal IIFL Securities
Customer Care Number +91 22 4007 1000
Customer Care Email cs@iifl.com
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Motilal Oswal Vs IIFL Securities Order Type Offered for NRI Account

  Motilal Oswal IIFL Securities
Bracket Order No
Cover Order No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Motilal Oswal Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Motilal Oswal IIFL Securities
Pros
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Conclusion

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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