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The brokerage of AxisDirect ranges between 0.05% to 0.5%, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. All 3 brokers are full service brokers. Overall rating for AxisDirect is 3.5, Motilal Oswal is rated 4, Reliance Securities is rated 3.5 out of 5.
Here we present side-by-side comparison of AxisDirect vs Motilal Oswal vs Reliance Securities stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared AxisDirect vs Motilal Oswal vs Reliance Securities on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better AxisDirect vs Motilal Oswal vs Reliance Securities in this setion with 360 degree view of broker information.
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| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE | BSE, NSE, MCX, NCDEX | NSE, BSE |
| Broker Overview | Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...  |
Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... |
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In this section we have compared AxisDirect vs Motilal Oswal vs Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - AxisDirect charges Rs 999 for account opening, Motilal Oswal charges Free for account opeing, and Reliance Securities charges Rs 950 for account opeing. Demat AMC charges - AxisDirect charges Rs 750 PA (Free for 1st year) as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.
| Charges | AxisDirect | Motilal Oswal | Reliance Securities |
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| Trading Account Opening Fees | Rs 999 | Free | Rs 950 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 750 PA (Free for 1st year) | Rs 400 per annum [Free for 1st year] | Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) |
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Plans are the most important feature you look when compare AxisDirect vs Motilal Oswal vs Reliance Securities. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect and Reliance Securities offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | AxisDirect | Motilal Oswal | Reliance Securities |
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| Zerodha | Zerodha | Zerodha | |
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AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.
| Brokerage Charges Compare | AxisDirect | Motilal Oswal | Reliance Securities |
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| Plan Name | Fixed Brokerage Trading Plan (Percentage Based) | Default Brokerage Plan | R-FIXED Online Brokerage Plan (Percentage Based) |
| Equity Delivery | 0.50% (Each leg) | 0.20% | 0.50% |
| Equity Intraday | 0.05% (Each leg) | 0.02% | 0.05% |
| Equity Futures | 0.05% (Each leg) | 0.02% | 0.05% |
| Equity Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | Rs 20 per lot | Rs 100 Per Lot |
| Currency Futures | 0.05% (Each Leg) | Rs 20 per lot | 0.05% |
| Currency Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p | Rs 20 per lot | Rs 100 Per Lot |
| Commodity Trading | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot | Futures: 0.02%| Options: Rs 200 Per Lot | Future: 0.05%| Options: Rs 100 per lot |
| Minimum Brokerage | 5 paise per share | ||
| Hidden Charges | No | No | |
| Call & Trade Charges | Free 20 calls per month, and after Rs. 20 per order | NA | Rs 20 per call (Free First 20 call per month) |
| Auto Square off Charges | 20 calls Free and after that Rs 20 per call | NA | Free First 20 call PM and Rs 20 their onwards. |
| Brokerage Calculator | Brokerage Calculator for AxisDirect | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Reliance Securities |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on transaction charges and PCM fee by segment.
| Transaction Charges Compare | AxisDirect | Motilal Oswal | Reliance Securities |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | |
| Brokerage Charges | Complete Brokerage Plans for axisdirect | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for reliance-securities |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 Account where Motilal Oswal and Reliance Securities offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | AxisDirect | Motilal Oswal | Reliance Securities |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 2:45 PM | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL | Mobile Application: Rmobile Xpress |
With our expert research team, we have compared all the major features of Trading platform b/w AxisDirect vs Motilal Oswal vs Reliance Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| AxisDirect | Motilal Oswal | Reliance Securities | ||
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20 Customer Reviews
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57 Customer Reviews
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52 Customer Reviews
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| Broker Rating | AxisDirect is Rated 0.7 / 5 based on 20 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Reliance Securities offers PMS facility where AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | AxisDirect | Motilal Oswal | Reliance Securities |
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| Other Investment Options | NIL | NIL | NIL |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | AxisDirect | Motilal Oswal | Reliance Securities |
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| Customer Care Number | 022-61480808 | 022 40548000/022 67490600 | 022 41596000 | 022 62436000 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://simplehai.axisdirect.in/learn/overview | https://edumo.motilaloswal.com/ | https://www.reliancesmartmoney.com/Insights |
| Head Office Address | Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
| Website | https://simplehai.axisdirect.in | https://www.motilaloswal.com/ | https://www.reliancesmartmoney.com |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on research reports and tips provided by broker.
| AxisDirect | Motilal Oswal | Reliance Securities | |
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Compare AxisDirect vs Motilal Oswal vs Reliance Securities on Demat Service and Charges. This section cover about demat charges, demat service and other details
| AxisDirect | Motilal Oswal | Reliance Securities | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 49200 | 10900 | 41400 |
| Demat Account Annual Maintenance Charges(AMC) | ₹500 pa | ₹400 pa | ₹300 pa |
| Advance Deposit | Nil | NIL | Nil |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹10 | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹27) + CDSL charges |
| Demat | ₹3 per certificate | ₹50 per certificate + ₹50 courier charges | ₹5 per certificate + ₹30 request charges |
| Remat | ₹10 for every hundred securities (Min ₹10) | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges |
| Pledge Creation | ₹25 | ₹35 | 0.05% of transaction value (Min ₹30) |
| Pledge Creation Confirmation | ₹25 | Nil | 0.05% of transaction value (Min ₹30) |
| Pledge Closure | ₹25 | ₹35 | 0.05% of transaction value (Min ₹30) |
| Pledge Closure Confirmation | ₹25 | Nil | 0.05% of transaction value (Min ₹30) |
| Pledge Invocation | Nil | ₹35 | 0.05% of transaction value (Min ₹30) |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges |
Compare AxisDirect vs Motilal Oswal vs Reliance Securities on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| AxisDirect | Motilal Oswal | Reliance Securities | |
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | |
| Enquire for AxisDirect | Enquire for Motilal Oswal | Enquire for Reliance Securities |
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