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Motilal Oswal Vs India Infoline (IIFL) Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and India Infoline Limited stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and India Infoline (IIFL)'s brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Motilal Oswal and India Infoline (IIFL).

  Motilal Oswal Securities Ltd India Infoline Limited
 
Motilal Oswal Securities Ltd Logo India Infoline Limited Logo
About the Broker Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Fun... Know more about Motilal Oswal Securities Ltd Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX
Account Type Standard Account Standard Account
Broker Enquiry Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you. Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd India Infoline Limited
Trading Account Opening Fees ₹0 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹555
Demat Account AMC ₹299 (1st year free) ₹ 555 (One time)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd India Infoline Limited
Account Type Standard Account Standard Account
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.50%
Equity Intraday Brokerage 0.015% to 0.05% 0.05%
Equity Futures Brokerage 0.015% to 0.05% 0.05%
Equity Options Brokerage ₹25 to ₹100 per Lot 1% of Premium or ₹100 per lot whichever is high
Currency Futures Trading Brokerage 0.05% Rs 25 per lot
Currency Options Trading Brokerage ₹20 per Lot 1% of Premium or ₹100 per lot whichever is high
Commodity Futures Trading Brokerage 0.05% 0.05%
Commodity Options Trading Brokerage No

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday Rs 0.05 per share
Other Brokerage Charges Minimum balance: ₹1,000 Advisory SMS - Rs 50 per month
Call & Trade Charges Nil Rs 50 per call
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Taxes

  Motilal Oswal Securities Ltd India Infoline Limited
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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • 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)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Motilal Oswal Securities Ltd India Infoline Limited
Equity Delivery NSE: 0.00335% | BSE: 0.01% 0.00325%
Equity Intraday NSE: 0.00325% | BSE: 0.002% 0.00325%
Equity Futures 0.002% 0.0021%
Equity Options NSE 0.0511% | BSE 0.002% (on premium) 0.051% on premium
Currency Futures 0.00125% 0.0021%
Currency Options 0.042% (on premium) 0.051% on premium
Commodity MCX: 0.0025% 0.0028%
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Exposure

  Motilal Oswal Securities Ltd India Infoline Limited
Equity Delivery 4 times Upto 3x with 18% interest per year
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Upto 20x
Equity Futures Intraday: 3 times | Carry forward position: no exposure Upto 3x
Equity Options No exposure 3x for shorting
Currency Futures NA Upto 2x
Currency Options NA 2x for shorting
Commodity Intraday: 3 times | Carry forward position: no exposure Upto 3x
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Share Broker Features

  Motilal Oswal Securities Ltd India Infoline Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Orion Lite, MO Trader App TT Exe, TT Web, IIFL Markets
Intraday Square-off Time
Other Features Market Mantra, Loyalty Points
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd India Infoline Limited
  79 Customer Reviews    Rate Motilal Oswal 103 Customer Reviews    Rate India Infoline (IIFL)
Fees Ratings 2.9 2.9
Trading Brokerage Rating 2.5 2.7
Trading Platform Usability 3.1 3.3
Customer Service Ratings 2.8 2.7
Overall Ratings Rated 2.7 stars Rated 2.7 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd India Infoline Limited
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd India Infoline Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Customer Service Offered

  Motilal Oswal Securities Ltd India Infoline Limited
24/7 Customer Service Yes No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  Motilal Oswal Securities Ltd India Infoline Limited
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  Motilal Oswal Securities Ltd India Infoline Limited
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Motilal Oswal Securities Ltd India Infoline Limited
Casual Investor Yes
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd India Infoline Limited
Pros
  • Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  • Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons
  • Margin Deposit Rs 10,000+ is required
  • In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.

More Disadvantages...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

Reviews
Promo / Offers

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Enquire about Motilal Oswal Enquire about India Infoline (IIFL)
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