Religare Securities vs Motilal Oswal – Point by Point Comparison

Here we are comparing the two share market companies, Religare Securities and Motilal Oswal. Both are equally popular and trust worthy companies in the share market. Type of brokerage offered by them is full service brokerage. Full service brokerage means that the broker will buy and sell stocks for you and helps you understand what it’s all about. In both the companies we need to open the trading account at first. Cost of opening an account in Religare Securities is 500 INR but in Motilal Oswal it’s free of cost along with zero maintenance charge for both as well. For opening a Demat account, both the companies charge an annual maintenance of 300 INR and 441 INR respectively. Both the companies charge very low broker charges. Religare charges Re. 0.01 and Motilal Oswal charge Rs. 30. Currency Future, Commodity charges, Equity Intraday charges charged by Religare as well as Motilal Oswal are 0.05%. In currency option charges, Religare charges Rs 70 per lot and Motilal Oswal charges Rs 75 per lot for equity option charges. So comparing both companies, Religare is quite ahead of Motilal Oswal but both are equally good to start your carrier in the share market.

  Religare Motilal Oswal
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 500 Rs. 0
Annual Maintenance Charges of Trading Account Nil Rs. 0
Fees for Opening Demat Account Nil Rs. 0
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 441
Brokerage Charges Equity Delivery Charges 0.50% 0.50%
Equity Intraday Charges 0.05% 0.05%
Equity Future Charges 0.05% 0.05%
Equity Options Charges Rs. 70 per lot Rs. 75 per lot
Currency Futures Charges 0.05% Rs. 20 per lot
Currency Options Charges Rs. 30 per lot Rs. 20 per lot
Commodity Charges 0.05% 0.03%
Minimum Brokerage Charges Re. 0.01 per share For Delivery: Rs. 30 & For Intraday: Rs. 15
Transaction Charges Equity Delivery 0.00% For BSE: 0.01% and for NSE: 0.00335%
Equity Intraday 0.00% For BSE: 0.002% and for NSE: 0.00325%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium For BSE: 0.002% and for NSE: 0.0511% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.042% on Premium
Commodity 0.00% For MCX: 0.0025%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Odin Diet Orion Lite
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N Y
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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