Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstock
About Indiabulls Securities
Incorporated on October 30, 2003, Indiabulls Securities Limited (ISL), formerly known as Dhani Stocks Limited, is registered with SEBI as both a Stock Broker (INZ000036136) and a Depository Participant (IN-DP-423-2019).
Indiabulls Securities Limited offers the user-friendly yet powerful and feature-rich online trading platforms (Power Indiabulls Desktop software, Web and Indiabulls Securities App).
ISL offers a wide range of financial and investment services tailored to meet the needs of individ... 
About Motilal Oswal
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso...
Incorporated in 2003, Indiabulls Securities is a Discount Broker. It offers trading at BSE, NSE and MCX. It has branches across India. Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India.
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE and MCX | BSE, NSE, MCX |
| Year of Incorporation | 2003 | 1987 |
| Number of Branches | 305 | |
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
Indiabulls Securities trading account opening charges is Free (NIL) while Motilal Oswal account opening changes is Rs 0 (Free). Indiabulls Securities Demat Account AMC Charges is Rs 300 and Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year).
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Trading Account Opening Charges | Free (NIL) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | |
| Demat Account Opening Charges | Free (NIL) | Rs 0 |
| Demat Account AMC Charges | Rs 300 | Rs 199 (Free for 1st Year) |
Indiabulls Securities brokerage charges for equity is Rs 11 per order or 2.5% whichever is lower and intraday is Rs 11 per order or 2.5% whichever is lower whereas Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime).
| Account Type | Indiabulls Securities Flat Fee Plan | Motilal Oswal Default Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 11 per order or 2.5% whichever is lower | 0.20% |
| Equity Intraday | Rs 11 per order or 2.5% whichever is lower | Rs 0 (Free for lifetime) |
| Equity Futures | Rs 11 per Executed order | 0.02% |
| Equity Options | Rs 11 per Executed order | Rs 20 per lot |
| Currency Futures | Rs 11 per Executed order | Rs 20 per lot |
| Currency Options | Rs 11 per Executed order | Rs 20 per lot |
| Commodity Futures | Rs 11 per Executed order | 0.02% |
| Commodity Options | Rs 11 per Executed order | Rs 200 Per Lot |
| Special Offer | Special Offer: Trade at ₹11 per executed order across all segments. Enjoy low-cost investing in Equity Delivery, Intraday, F&O, Currency, and Commodities.
Open an instant account (FREE) with Indiabulls Securities and start trading today. | Special Offer: Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. |
| Minimum Brokerage | Rs 11 | Rs 25 for Delivery |
| Other Charges | ||
| Call & Trade Charges | Rs 50 | Free |
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
Indiabulls Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Motilal Oswal margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
The trading platforms offered Indiabulls Securities include Indiabulls Securities App, Power Indiabulls Web & Power Indiabulls. Motilal Oswal offers MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE trading software.
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Indiabulls Securities App, Power Indiabulls Web & Power Indiabulls | MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE |
| Intraday Square-off Time | 3:15 PM | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
Indiabulls Securities is rated of 5 based on 50 customer reviews whereas Motilal Oswal is rated of 5 based on 152 customer reviews.
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
50 Customer Reviews  | 152 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities | |  |
| Overall Rating |  |  |
| Broker Rating | Indiabulls Securities is Rated 3.2 / 5 based on 50 customer reviews | Motilal Oswal is Rated 2.2 / 5 based on 152 customer reviews |
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Contact Broker | Trade at ₹11 per executed order across all segments. Enjoy low-cost investing in Equity Delivery, Intraday, F&O, Currency, and Commodities.
Open an instant account (FREE) with Indiabulls Securities and start trading today. | Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. |
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Indiabulls Securities | Motilal Oswal | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Indiabulls Securities Special Offer₹11 brokerage on trades across all segments
Open your instant Indiabulls account online and start trading today. | Motilal Oswal Special OfferFREE Account Opening (for a limited time only)
This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes. |
| Open Indiabulls Securities Account | Open Motilal Oswal Account |
Open Indiabulls Securities Account