Motilal Oswal vs IIFL Securities Comparison: 2024
About Motilal Oswal
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
Motilal Oswal: Overview
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Motilal Oswal vs IIFL Securities Account Opening Charges: 2024
| Charge | Motilal Oswal | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹1000 (One-time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 | ₹400 per year |
Motilal Oswal vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Motilal Oswal | IIFL Securities |
|---|---|---|
| Plan Name | Default Plan | Flat Plan (FBP) |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% (both side) | 0.05% |
| Equity Futures | 0.05% (both side) | 0.05% |
| Equity Options | ₹100 per lot (both side) | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹20 per lot (both side) | 0.05% |
| Currency Options | ₹20 per lot (both side) | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | 0.05% (both side) | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Motilal Oswal vs IIFL Securities Margin / Exposure: 2024
| Segment | Motilal Oswal | IIFL Securities |
|---|---|---|
| Equity Delivery | 4x | Upto 3x |
| Equity Intraday | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x | Upto 20x |
| Equity Future | Upto 3x | Upto 3x |
| Equity Options | Nil | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | Nil | Upto 2x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | N/A | N/A |