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Motilal Oswal Vs Reliance Securities: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where Reliance Securities offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal ranges between 0.02 to 0.20% while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. Both the brokers are Full Service brokers. Motilal Oswal is having overall higher rating compare to Reliance Securities. Motilal Oswal is rated 4 out of 5 where Reliance Securities is rated only 3.5 out of 5. Number of active customer for Motilal Oswal is 8,74,230 where number of active customer for Reliance Securities is 74,770. Motilal Oswal is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Motilal Oswal vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs Reliance Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Motilal Oswal vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Motilal Oswal vs Reliance Securities's on

• Brokerage plans
• Plan types
• Customer Service
• Maintenance fees
• AMC
• Trading Platforms
• Rating
• Reviews
• Mobile App
• Margin/Leverage/Exposure
• Demat Account
• Investment Options
• And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Motilal Oswal vs Reliance Securities on Service

	Motilal Oswal	Reliance Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Full Service Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	NSE, BSE
Active Clients	8,74,230	74,770
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 & ...
Broker Enquiry

Account Opening Charges and AMC

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

Comparison of Motilal Oswal with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Reliance Securities

Charges	Motilal Oswal	Reliance Securities
Trading Account Opening Fees	Free	Rs 950
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 400 per annum [Free for 1st year]	Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service

About Brokerage Plans

Compare Motilal Oswal vs Reliance Securities on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with Reliance Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Reliance Securities provides Multiple Plans where Motilal Oswal doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Motilal Oswal with Reliance Securities on Plan Options

Plan Types	Motilal Oswal	Reliance Securities
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Motilal Oswal vs Reliance Securities on 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.

Share Broker's Transaction Charges

Compare Motilal Oswal vs Reliance Securities on Transaction Charges

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

Account Features

Compare Motilal Oswal vs Reliance Securities on Account Features

Compare Motilal Oswal with Reliance Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Motilal Oswal with Reliance Securities

Account Features Compare	Motilal Oswal	Reliance Securities
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
NRI Trading
Other Features	NIL	Mobile Application: Rmobile Xpress

Trading Platform

Compare Motilal Oswal vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Reliance Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Motilal Oswal with Reliance Securities

Trading Platform Compare	Motilal Oswal	Reliance Securities
Desktop Trading Platform	Orion Lite	InstaXpress
Desktop Demo	Desktop Demo	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://power.motilaloswal.com/MOSL/userMaster/login	http://tick.rsec.co.in/
Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	MO Trader	TICK PRO
Mobile Trading App Demo	MO Trader Demo	TICK PRO Demo
Android Mobile App
Android App Download	Andriod MO Trader Download	Andriod TICK PRO Download
iPhone Mobile App (IOS)
iOS App Download	iOS MO Trader Download	iOS TICK PRO Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal	Equity Intraday and Delivery Brokerage Calculator for Reliance Securities
Futures Brokerage Calculator	Futures Brokerage Calculator for Motilal Oswal	Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator	Options Brokerage Calculator for Motilal Oswal	Options Brokerage Calculator for Reliance Securities
Detail	Detail on Trading Platforms for motilal-oswal	Detail on Trading Platforms for reliance-securities

Broker Ratings by Users

Compare Motilal Oswal vs Reliance Securities on User Rating

	Motilal Oswal	Reliance Securities
	57 Customer Reviews	52 Customer Reviews
Fees Ratings	3.2	3.5
Trading Brokerage Rating	2.6	3.4
Trading Platform Usability	3.2	3.3
Customer Service Ratings	3.0	3.4
Overall Ratings	3.0	3.4
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

Investment Offerings

Compare Motilal Oswal vs Reliance Securities on Investment Offerings

Compare Motilal Oswal with Reliance Securities 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 - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Motilal Oswal with Reliance Securities

Investment Offerings Compare	Motilal Oswal	Reliance Securities
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

Order Types

Compare Motilal Oswal vs Reliance Securities on Order Types

Order Type - Compare Motilal Oswal with Reliance Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Motilal Oswal offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Motilal Oswal with Reliance Securities

Order Type Compare	Motilal Oswal	Reliance Securities
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 on Customer Service

Compare Motilal Oswal with Reliance Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Motilal Oswal with Reliance Securities

Customer Service Compare	Motilal Oswal	Reliance Securities
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
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://edumo.motilaloswal.com/	https://www.reliancesmartmoney.com/Insights
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
Website	https://www.motilaloswal.com/	https://www.reliancesmartmoney.com

Tips/Research/Reports Published

Compare Motilal Oswal vs Reliance Securities on Research Reports, Tips

Compare Motilal Oswal with Reliance Securities on research reports and tips provided by the broker.

Research Reports - Compare Motilal Oswal with Reliance Securities

	Motilal Oswal	Reliance Securities
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 on Demat Account

Compare Motilal Oswal with Reliance Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Reliance Securities is ₹300 pa where for Motilal Oswal is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Reliance Securities is 0.04% (Min ₹27) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal with Reliance Securities

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

Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Reliance Securities on Special Offers and Promotion

Compare Motilal Oswal with Reliance Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs Reliance Securities on Special Offers and Promotion

	Motilal Oswal	Reliance Securities
Pay In and Pay Out Options	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Max 24 hrs except bank holidays.	Max 24 hrs except bank holidays
Bank Supported and Charges	Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms.	Info Not Available
Bank Detail	Info Not Available	RELIANCE SECURITIES LTD Account No.:9500XXXXXXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001
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...
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 24*7 customer support. 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)
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