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Motilal Oswal vs Religare Broking (Compare Motilal Oswal and Religare Broking)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Motilal Oswal vs Religare Broking, Below comparison of Motilal Oswal vs Religare Broking highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Motilal Oswal vs Religare Broking is given below:

Motilal Oswal

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Religare Broking

	Motilal Oswal	Religare Broking

About The Brokers	Motilal Oswal : "Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested on equity research. They have been awarded as India&apos >>> more	Religare Broking : "RSL is one of the market leading securities firms in India serving over 8 lakh clients across both Offline and Online platforms. Through its extensive branch network >>> more
Find More Information about the Broker :	Motilal Oswal : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Religare Broking : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Motilal Oswal : Full Service Broker	Religare Broking : Full Service Broker
Promo/offers	Motilal Oswal : Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.	Religare Broking : N/A
Advantage	Motilal Oswal : Award Winning Research and advice. Trading in all market segments on BSE, NSE, MCX & NCDEX. Huge Sub-brokers & Partner network Good Trading Platform Offer Commodity Trading Free Call and Trade Service.	Religare Broking : It provides Instant discount plan. Easy to use experience on the app and online trading You can fund your account through physical cheque submission in the branch They have a research plan for more than 300 companies Derivatives trading, NRI services, mutual funds, IPOs, and online life insurance. Multiple Registration bank account facility is available Daily trading confirmation calls
Disadvantage	Motilal Oswal : High brokerage. Not a good fit for small and penny stock traders. They charge minimum brokerage of 20 Rs for your trade. Hidden charges. No brokerage plans available onsite.	Religare Broking : Can be improved on the transparency of fees, brokerage and other charges. High Brokerage charges Minimum Brokerage charged No Live Chat Facility
Why This	Motilal Oswal : Wide Network with over 2200 Sub-brokers and Franchise partners in 500+ cities in India serving >9L customers. Free Call and Trade Service. Dedicated and award winning research with daily, weekly, monthly & yearly reports. 30,000+ research reports across 230+ companies and 21+ sectors. Dedicated large cap, mid cap & technical research teams. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds. LIVE streaming quotes and technical charts to help you make the right decision. Option to trade across exchanges - BSE, NSE, NCDEX, MCX, MSEI. Dedicated customer service team with a 6-hour query resolution TAT.	Religare Broking : Religare is registered at both, National Stock Exchange and Bombay Stock Exchange. Also, provide products such as Equities, Currencies, Commodities, IPOs, Mutual Funds, Bonds/NCDs through NSE, BSE, MCXSX, USE. Religare has been appreciated by various organizations for its top–class services and contributions to the industry. Religare provides some of the best facilities in research. For example – It provides an easily accessible platform for stock market research called Tech scan. It covered a significant part of India through its outlets and partnered with ten banks for providing various services to its clients Dedicated Branch & Relationship manager
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Motilal Oswal vs Religare Broking Account Opening & AMC Charges

Motilal Oswal Trading Account Opening Fee is Rs 0 (Free) and Religare Broking Trading Account Opening Fee is Rs 500 . Motilal Oswal Demat Account AMC is Rs 199 (Free for 1st Year) and Religare Broking Demat Account AMC is Rs 400 from second year onward .

	Motilal Oswal	Religare Broking
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 500
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0	Demat Account Opening Fee : Nil
Demat Account AMC	Demat Account AMC : Rs 199 (Free for 1st Year)	Demat Account AMC : Rs 400 from second year onward
Trading Account AMC	Trading Account AMC : Rs 0	Trading Account AMC : Nil

Motilal Oswal vs Religare Broking Brokerage Charges

Motilal Oswal Brokerage Charges Equity Delivery is 0.20% and Equity Intraday is Rs 0 (Free for lifetime) and Equity Options is Rs 20 per lot . Religare Broking Brokerage Charges Equity Delivery is 0.50% to 0.10% and Equity Intraday is 0.050% to 0.010% and Equity Options is Rs 70 per lot .

	Motilal Oswal			Religare Broking
Plan Name	Plan Name : Standard Plan	Plan Name : Value Pack (VP2KLT)	Plan Name : Value Pack (VP1LACLT)	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : 0.20%	Equity Delivery : -	Equity Delivery : -	Equity Delivery : 0.50% to 0.10%
Equity Intraday	Equity Intraday : Rs 0 (Free for lifetime)	Equity Intraday : -	Equity Intraday : -	Equity Intraday : 0.050% to 0.010%
Equity Future	Equity Future : 0.02%	Equity Future : -	Equity Future : -	Equity Future : 0.05%
Equity Options	Equity Options : Rs 20 per lot	Equity Options : -	Equity Options : -	Equity Options : Rs 70 per lot
Currency Futures	Currency Futures : Rs 20 per lot	Currency Futures : -	Currency Futures : -	Currency Futures : 0.05%
Currency Options	Currency Options : Rs 20 per lot	Currency Options : -	Currency Options : -	Currency Options : Rs 30 per lot
Monthly Fee	Monthly Fee : NA	Monthly Fee : -	Monthly Fee : -	Monthly Fee : -
Margin Trading	Margin Trading : -	Margin Trading : -	Margin Trading : -	Margin Trading : 0.025%
Commodity Futures	Commodity Futures : 0.02%	Commodity Futures : -	Commodity Futures : -	Commodity Futures : 0.05%
Commodity Options	Commodity Options : Rs 200 Per Lot	Commodity Options : -	Commodity Options : -	Commodity Options : Rs 30 per lot

Motilal Oswal vs Religare Broking Exchange Transaction Charges

Motilal Oswal Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium .

	Motilal Oswal	Religare Broking
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : 0.0037%
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : 0.0037%
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : 0.004%
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)	Equity Options : 0.06% on Premium
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : 0.004%
Currency Options	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (on premium)	Currency Options : 0.06% on Premium
Commodity	Commodity : MCX: Rs 250 per Cr (0.0025%)	Commodity : 0.0035%

Motilal Oswal vs Religare Broking Other Charges

Motilal Oswal Minimum Brokerage is Rs 25 for Delivery and Call & Trade is Free . Religare Broking Minimum Brokerage is 1p per share and Call & Trade is Rs 10 per executed order (max Rs 50 per day) .

	Motilal Oswal	Religare Broking
Minimum Brokerage	Minimum Brokerage : Rs 25 for Delivery	Minimum Brokerage : 1p per share
Call & Trade	Call & Trade : Free	Call & Trade : Rs 10 per executed order (max Rs 50 per day)
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹20 or 0.025% of transaction value whichever is higher	DP Charges (on sell side) : ₹12 + ₹5.5 (CDSL) per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Motilal Oswal vs Religare Broking Features

Motilal Oswal and Religare Broking both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Motilal Oswal	Religare Broking
Trading Platform	Trading Platform : MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE	Trading Platform : Odin Diet, Web, Dynami
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : No
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : 1	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

Motilal Oswal vs Religare Broking Demat Account Charges

A comparative table of various demat account charges between Motilal Oswal and Religare Broking is below:

	Motilal Oswal	Religare Broking
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : Nil	Account Opening Fee : NIL
Advance Deposit	Advance Deposit : Nil	Advance Deposit : Rs 500
AMC	AMC : Rs 199 (Free for 1st Year)	AMC : Client opting for digital statement: Rs 300 per annum Client opting for physical statement: Rs 400 per annum
Dematerialisation Charges	Dematerialisation Charges : Rs 100 per certificate + Rs 50 per certificate	Dematerialisation Charges : Rs 2 per certificate + Rs 30 Courier Charges
Rematerialisation Charges	Rematerialisation Charges : Rs 35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges	Rematerialisation Charges : Rs 20 per certificate + CDSL Charges + Rs 30 Courier Charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : 0.025% or Rs 30	Transaction Charges (debit) : Delivery given to Religare Pool Account: Rs 15 (Client with POA Religare), Rs 25 (Client without POA Religare) Any other Account: Rs 30 per debit or 0.02% of the value of transaction whichever is higher
Pledge Creation Charges	Pledge Creation Charges : Rs 35 or 0.02% (whichever is higher) as per ISIN request	Pledge Creation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : Nil	Pledge Creation Confirmation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Pledge Invocation Charges	Pledge Invocation Charges : Rs 35 or 0.02% (whichever is higher) as per ISIN request	Pledge Invocation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Failed Instruction Charges	Failed Instruction Charges : Nil	Failed Instruction Charges : Nil
Other Charges	Other Charges : Demat Rejection: Rs 50 per request	Other Charges : Demat Rejection Charges Rs 30 per rejection. Delivery Instruction Booklet Rs 1 per leaflet.

Motilal Oswal vs Religare Broking Basic Details

Motilal Oswal Year of Incorporation is 1987 and Total Number of Clients is 874230 and Total Number of Branches is 305 . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 143944 and Total Number of Branches is 1500 .

	Motilal Oswal	Religare Broking
Year of Incorporation	Year of Incorporation : 1987	Year of Incorporation : 1994
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE, BSE, MCX, NCDEX
Demat Services	Demat Services : Yes	Demat Services : Yes
Website	Website : https://www.motilaloswal.com	Website : https://www.religareonline.com
Contact Details	Contact Details : 022-30896680	Contact Details : 011-39125000
Total Number of Clients	Total Number of Clients : 874,230	Total Number of Clients : 143,944
Total Number of Branches	Total Number of Branches : 305	Total Number of Branches : 1500
Products *	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution	Products : -

Motilal Oswal vs Religare Broking Orders

Orders

	Motilal Oswal	Religare Broking
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : No
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : Yes

Motilal Oswal vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Motilal Oswal	Religare Broking
Equity Trading Recommendation *	Equity Trading Recommendation : Yes	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : Yes	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : Yes	Recommendation basis risk Profile : -
Comparison *	Comparison : Yes	Comparison : -
Free Tips *	Free Tips : Yes	Free Tips : Yes
Daily Market report *	Daily Market report : Yes	Daily Market report : Yes
ETF research *	ETF research : Yes	ETF research : -
Quarterly Results *	Quarterly Results : Yes	Quarterly Results : Yes

Motilal Oswal vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Motilal Oswal	Religare Broking
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.10000 to Rs.10,00,000	Investment required for Franchisee / AP : Rs. 2 lakh (for commodity, the charges are Rs 1-2 lakh)

Motilal Oswal vs Religare Broking Product & Services

Motilal Oswal and Religare Broking both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Motilal Oswal	Religare Broking
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : -
Margin Trading *	Margin Trading : Yes	Margin Trading : -
Call N Trade *	Call N Trade : Yes	Call N Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : -
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : Donot Know	NRI Services : -
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : -
IPO Investment *	IPO Investment : Yes	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : Yes	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : No	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : No	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : No	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : -
Market Trading *	Market Trading : Yes	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : -

Motilal Oswal vs Religare Broking Customer Services

Motilal Oswal and Religare Broking both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Motilal Oswal	Religare Broking
Toll Free Number *	Toll Free Number : No	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : Yes	Branch Offices : -
Customer Care *	Customer Care : Yes	Customer Care : -
Community Service *	Community Service : Yes	Community Service : -
Relationship Manager *	Relationship Manager : -	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

Motilal Oswal vs Religare Broking Other Investement

Motilal Oswal and Religare Broking both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Motilal Oswal	Religare Broking
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : Yes	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : Yes	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

Motilal Oswal vs Religare Broking Trading Platform

Motilal Oswal and Religare Broking both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Motilal Oswal	Religare Broking
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : No	I-Pad App : -
Virtual Trading *	Virtual Trading : Yes	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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