Comparison –  Motilal Oswal Vs Indianinfoline

Motilal Oswal IIFL
Year of Incorporation 1987 1996
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL/CDSL NSDL/CDSL
Brokerages
Equity 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront 0.05% Intraday & 0.5% Delivery – Negotiable
Equity Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront 0.05% of Turnover – Negotiable
Equity Options Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront Rs 100/lot – Negotiable
Currency Futures 0.05% – Reduces upto 0.015% if brokerage paid upfront Rs 25/lot – Negotiable
Currency Options Rs 20/lot Rs 10/lot – Negotiable
Commodity 0.05% – Reduces upto 0.015% if brokerage paid upfront 0.03% – Negotiable
Account opening charges
Trading and Demat NA Rs 750
Only Trading Free, but with Margin Cheque NA
Commodity Free, but with Margin Cheque Nill
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 3 Months – Pay Extra for Falcon 20 Days
Margins & Leverage Provided
Equity Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum Upto 20 times Intraday, &3 times for Delivery@interest
Equity Futures Upto 2 Times Intraday Upto 3 times for Intraday
Equity Options NA Buying no leverage, Shorting upto 3 times
Currency Futures Upto 2 times Intraday Upto 2 times for Intraday
Currency Options NA Buying no leverage, Shorting upto 2 times
Commodity Upto 2 times Intraday Upto 3 times for Intraday
Serviceable
3 in 1 Account No NO
Instant Fund withdrawal No NO
Instant Fund Transfer YES YES
Relationship Managers YES YES