Comparison –  Reliance Securities Vs Motilal Securities

Reliance Securities Motilal Oswal
Year of Incorporation 2006 1987
Exchanges enabled NSE, BSE, & MCX-SX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL, CDSL NSDL/CDSL
Brokerages
Equity Equity: Upfront Brokerage: 0.04%/0.4% to 0.01%/0.1% for Intraday/Delivery
0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures Upfront Brokerage: 0.04% to 0.01% of Turnover 0.05% – Reduces upto 0.015% if brokerage paid upfront
Equity Options Upfront Brokerage: Rs 70/lot to Rs 10/lot Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures Upfront Brokerage: 0.04% to 0.01% of Turnover 0.05% – Reduces upto 0.015% if brokerage paid upfront
Currency Options Upfront Brokerage: Rs 70/lot to Rs 10/lot Rs 20/lot
Commodity NA 0.05% – Reduces upto 0.015% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 950 NA
Only Trading NA Free, but with Margin Cheque
Commodity NA Free, but with Margin Cheque
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 22 Days on NEST 3 Months – Pay Extra for Falcon
Margins & Leverage Provided
Equity Upto 10 Times Intraday, Upto 3 times Delivery @ interest
Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 3 times Intraday Upto 2 Times Intraday
Equity Options No Leverage NA
Currency Futures No Leverage Upto 2 times Intraday
Currency Options No Leverage NA
Commodity NA Upto 2 times Intraday
Serviceable
3 in 1 Account NO No
Instant Fund withdrawal NO No
Instant Fund Transfer YES YES
Relationship Managers NO YES