Motilal Oswal Vs Indira Securities (Compare Motilal Oswal and Indira Securities)

Motilal Oswal Vs Indira Securities

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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Motilal Oswal	Indira Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX and NCDEX
Year of Incorporation	1987	1987
Number of Branches	305	335
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Motilal Oswal Vs Indira Securities Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 while Indira Securities account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

	Motilal Oswal	Indira Securities
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Free (Rs 400 2nd year onward)	Rs 450 (Free for 1st year)

Motilal Oswal Vs Indira Securities Brokerage

Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Motilal Oswal	Indira Securities
Account Type	Default Plan	Traditional Plan
Fixed Charges		NA
Equity Delivery	0.50%	0.10%
Equity Intraday	0.05% (both side)	0.01%
Equity Futures	0.05% (both side)	0.01%
Equity Options	Rs 100 per lot (both side)	Rs 25 per lot (both side)
Currency Futures	Rs 20 per lot (both side)	0.01%
Currency Options	Rs 20 per lot (both side)	Rs 25 per lot (both side)
Commodity Futures	0.05% (both side)	0.01%
Commodity Options		Rs 25 per lot (both side)
Special Offer	Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer	Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Motilal Oswal Vs Indira Securities Brokerage Plan 2

	Motilal Oswal	Indira Securities
Account Type	Value Pack (VP2KLT)	Discount Brokerage Plan
Fixed Charges	Rs 2000 (one time fee)	NA
Equity Delivery	0.40%	Rs 20 per executed order
Equity Intraday	0.04% (both side)	Rs 20 per executed order
Equity Futures	0.04% (both side)	Rs 20 per executed order
Equity Options	Rs 50 per lot (both side)	Rs 20 per executed order
Currency Futures	Rs 22 per lot (both side)	Rs 20 per executed order
Currency Options	Rs 22 per lot (both side)	Rs 20 per executed order
Commodity Futures	0.04% (both side)	Rs 20 per executed order
Commodity Options		Rs 20 per executed order
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Motilal Oswal Vs Indira Securities Brokerage Plan 3

	Motilal Oswal	Indira Securities
Account Type	Value Pack (VP1LACLT)	Traditional Plan
Fixed Charges	Rs 1,00,000 (one time fee)	NA
Equity Delivery	0.10%	0.10%
Equity Intraday	0.01% (both side)	0.01%
Equity Futures	0.01% (both side)	0.01%
Equity Options	Rs 20 per lot (both side)	Rs 25 per lot (both side)
Currency Futures	Rs 10 per lot (both side)	0.01%
Currency Options	Rs 10 per lot (both side)	Rs 25 per lot (both side)
Commodity Futures	0.01% (both side)	0.01%
Commodity Options		Rs 25 per lot (both side)
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Motilal Oswal Charges Vs Indira Securities

Minimum Brokerage	Rs 25 for Delivery and Rs 12 for Intraday	Rs 20 per executed order
Other Charges	Minimum balance: Rs 1,000
Call & Trade Charges	Nil	Rs 0 (Free)

Motilal Oswal Vs Indira Securities Transaction Charges

Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Motilal Oswal	Indira Securities
Equity Delivery	NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side)	NSE Rs 325 per Cr (0.00325%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side)	NSE Rs 325 per Cr (0.00325%)
Equity Futures	Rs 200 per Cr (0.002%)	NSE Rs 190 per Cr (0.0019%)
Equity Options	NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 125 per Cr (0.00125%)	NSE Rs 120 per Cr (0.0012%)
Currency Options	Rs 4200 per Cr (0.042%)(on premium)	NSE Rs 500 per Cr (0.005%) (on premium)
Commodity	MCX: Rs 250 per Cr (0.0025%)	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Motilal Oswal Vs Indira Securities Leverage (Margin)

Motilal Oswal margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Motilal Oswal	Indira Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Motilal Oswal and Indira Securities Features

The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Indira Securities offers ODIN trading software.

	Motilal Oswal	Indira Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Orion Lite, MO Trader App	ODIN
Intraday Square-off Time		3:15 PM
Other Features
Referral Program
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Motilal Oswal Vs Indira Securities Review

Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

	Motilal Oswal	Indira Securities
	114 Customer Reviews	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews	Indira Securities is rated 4.0 of 5 based on 3 customer reviews

Motilal Oswal Vs Indira Securities Investment Options

	Motilal Oswal	Indira Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	PMS, Fixed Deposits, Insurance, Derivatives

Motilal Oswal Vs Indira Securities Order Type Offered

	Motilal Oswal	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Motilal Oswal Vs Indira Securities Research Report

	Motilal Oswal	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Motilal Oswal Vs Indira Securities Suitable For Investor Type

	Motilal Oswal	Indira Securities
Casual Investor
Active Investor
Trader

Motilal Oswal Vs Indira Securities - Pros and Cons

	Motilal Oswal	Indira Securities
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. Value pack brokerage plans are available for frequent traders.	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
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.	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers	Get Zero AMC for Lifetime Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, 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.	Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.
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