Comparison –  Religare Securities Vs Motilal Securities

Religare Securities Motilal Oswal
Year of Incorporation 1994 1987
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% of Turnover – Negotiable 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures 0.05% of Turnover – Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront
Equity Options Rs 70/lot – Negotiable Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures 0.05% of Turnover – Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront
Currency Options Rs 30/lot – Negotiable Rs 20/lot
Commodity 0.05% of Turnover – Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 500 NA
Only Trading NA Free, but with Margin Cheque
Commodity Rs 300 Free, but with Margin Cheque
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 10 Days 3 Months – Pay Extra for Falcon
Margins & Leverage Provided
Equity Upto 10 times Intraday, Upto 4 times delivery @interest Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 3 times for Intraday Upto 2 Times Intraday
Equity Options Buying no Leverage, shorting upto 3 times for Intraday NA
Currency Futures Upto 2 times for Intraday Upto 2 times Intraday
Currency Options Buying no Leverage, shorting upto 2 times for Intraday NA
Commodity Upto 3 times for Intraday Upto 2 times Intraday
Serviceable
3 in 1 Account NO No
Instant Fund withdrawal NO No
Instant Fund Transfer YES YES
Relationship Managers YES YES