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About Motilal Oswal
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 Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... 
About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology.
IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD...
Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | NSE, BSE, MCX |
| Year of Incorporation | 1987 | 1996 |
| Number of Branches | 305 | 900 |
| Open IIFL Securities Account |
Motilal Oswal trading account opening charges is Rs 0 while IIFL Securities account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Free (Rs 400 2nd year onward) | Rs 250 (Free for 1st year) |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.
| Account Type | Motilal Oswal Default Plan | IIFL Securities iServe |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | Rs 20 per order |
| Equity Intraday | 0.05% (both side) | Rs 20 per order |
| Equity Futures | 0.05% (both side) | Rs 20 per order |
| Equity Options | Rs 100 per lot (both side) | Rs 20 per order |
| Currency Futures | Rs 20 per lot (both side) | Rs 20 per order |
| Currency Options | Rs 20 per lot (both side) | Rs 20 per order |
| Commodity Futures | 0.05% (both side) | Rs 20 per order |
| Commodity Options | Rs 20 per order | |
| 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 | IIFL Securities | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | iServe |
| Fixed Charges | Rs 2000 (one time fee) | NA |
| Equity Delivery | 0.40% | Rs 20 per order |
| Equity Intraday | 0.04% (both side) | Rs 20 per order |
| Equity Futures | 0.04% (both side) | Rs 20 per order |
| Equity Options | Rs 50 per lot (both side) | Rs 20 per order |
| Currency Futures | Rs 22 per lot (both side) | Rs 20 per order |
| Currency Options | Rs 22 per lot (both side) | Rs 20 per order |
| Commodity Futures | 0.04% (both side) | Rs 20 per order |
| Commodity Options | Rs 20 per order | |
| Open IIFL Securities Account |
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | iServe |
| Fixed Charges | Rs 1,00,000 (one time fee) | NA |
| Equity Delivery | 0.10% | Rs 20 per order |
| Equity Intraday | 0.01% (both side) | Rs 20 per order |
| Equity Futures | 0.01% (both side) | Rs 20 per order |
| Equity Options | Rs 20 per lot (both side) | Rs 20 per order |
| Currency Futures | Rs 10 per lot (both side) | Rs 20 per order |
| Currency Options | Rs 10 per lot (both side) | Rs 20 per order |
| Commodity Futures | 0.01% (both side) | Rs 20 per order |
| Commodity Options | Rs 20 per order | |
| Open IIFL Securities Account |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | |
| Other Charges | Minimum balance: Rs 1,000 | Advisory SMS - Rs 50 per month |
| Call & Trade Charges | Nil | Rs 50 per call |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Futures | Rs 200 per Cr (0.002%) | Rs 210 per Cr (0.0021%) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | Rs 5100 per Cr (0.051%) (on premium) |
| Currency Futures | Rs 125 per Cr (0.00125%) | Rs 210 per Cr (0.0021%) |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | Rs 5100 per Cr (0.051%) (on premium) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | Group A - Rs 280 per Cr (0.0028%) |
| Open IIFL Securities Account |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open IIFL Securities Account |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated 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 | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Orion Lite, MO Trader App | IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App |
| Intraday Square-off Time | ||
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | ||
| Open IIFL Securities Account |
Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 123 customer reviews.
| Motilal Oswal | IIFL Securities | |
|---|---|---|
126 Customer Reviews  |
123 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews | IIFL Securities is rated 2.7 of 5 based on 123 customer reviews |
| 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. |
| Motilal Oswal | IIFL Securities | |
|---|---|---|
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| IPO | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives | Insurance |
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open IIFL Securities Account |
| Motilal Oswal | IIFL Securities | |
|---|---|---|
| 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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| Motilal Oswal | IIFL Securities | |
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| Casual Investor | ||
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| Motilal Oswal | IIFL Securities | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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IIFL Securities Special OfferFlat Rs 20 Per Trade Brokerage + Free Account Opening
This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today. |
| Open IIFL Securities Account |
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