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Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2016


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Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm offering a range of products and services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking and Home Finance.

Motilal Oswal has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.

As of March 2015, Motilal Oswal had a network spread over 520 cities and towns comprising 1,743 Business Locations operated by the company and its Business Partners. Company had 740,000 registered customers and team of 2100 employees.

Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested on equity research. As of March 2015, company had 30 research analysts researching over 250 companies across 20 sectors. From a fundamental, technical and derivatives research perspective, Motilal Oswal's research reports have received wide coverage in the media.

6 Reasons to Open Account with Motilal Oswal

  1. Leading Broker in India

    • 4-time winner of Best Performing Equity Broker (National) by CNBC TV18 Financial Advisor Awards
    • 29 years of wealth creation
    • Driven by the philosophy of Solid Research, Solid Advice
    • 8.5 lakh+ customers, 1,900+ locations, 500+ cities
  2. Research Servies

    • India's Best Market Analyst Award for IT & FMCG sector by Zee Business
    • 30,000+ research reports across 225+ companies and 25+ sectors
    • Dedicated large cap, mid cap & technical research teams
    • Daily, weekly, monthly, quarterly & yearly reports across asset class
  3. Advisory Services

    • Available across asset classes
    • Available across devices - Mobile, Tablet, Desktop, & Web
    • Customized actionable plan across investment styles & risk profiles
    • Advanced tools & strategies for various time
  4. Technology

    • Powerful, fast & secure technology across all platforms - Desktop, Web, mobile or Tablet
    • Trade, Invest, Track, Review through a single login
    • Award winning Research & Solid Advice across all asset classes
    • LIVE streaming quotes and technical charts to help you make the right decision
  5. Product & Services

    • All trading & investment solutions ranging from Equities to Insurance under one roof
    • Trade across exchanges - BSE, NSE, NCDEX, MSEI
    • All products backed by the customized solid research & advice
    • Robust trading platforms, highly skilled dedicated advisors and Call & Trade desk
    • Services available through branches or business partners and online
  6. Operational Efficiency

    • Apply for an account in just 10 minutes & 6 simple steps
    • 1-day account activation
    • Dedicated customer service team with a 4-hour query resolution TAT
    • Customer centric Risk Management System
    • Real-time payouts to customers
    • Standard plus value added customer reports
Special Offer: Get Free Trading + Demat Account (Rs 500 waived on account opening) for limited time. Get the offer.

Motilal Oswal Rating (by the customers)

48 Votes

Overall Rating Rated 3.2 stars 3.2/5
Fees Rated 3.3 stars 3.3/5
Brokerage Rated 3.0 stars 3.0/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.2 stars 3.2/5

Do you trade with Motilal Oswal? Rate Motilal Oswal

Motilal Oswal's Trading Platforms

1. Web Platform

Web Platform is suited for first time investors who want a clean and simple interface. Investor can trade from any internet connected PC and place the order with instant confirmation.

2. Desktop Platform

Desktop Platform is suitable for those investors and traders who want live market watch and faster execution.

3. Mobile Platform

Mobile platform works on most GPRS enabled mobile phones. Investor can directly buy/sell from market watch. It also provides the facility to modify or cancel the pending orders.

4. Call N Trade

Call N Trade Platform is suitable when investor don't have online access to their trading site. All Motilal Oswal customers enjoy Call N Trade services at no additional cost.

Account Types

1. Value Pac:

Value Pac is the upfront subscription scheme, which gives significant discounts in brokerage rates with defined time period to use it. With the wide range of Value Pacs, based on the Volume of Trade and the Validity period one can enjoy the benefits of placing trades at reduced charges.

2. Margin account:

Margin account is suitable for those who don't want to commit to a Value Pac (upfront subscription). In Margin Account investor have to give defined upfront margin amount at the time of opening the account.

Special offer for our website visitors

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (Rs 500 waived). You can also avail free brokerage for first month, free access to research & advices and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Motilal Oswal Brokerage Charges 2016

Account Opening Fees & Annual maintenance charges (AMC)

  • Trading Account Opening Charges (One Time): Rs 0
  • Trading Annual maintenance charges (AMC): NA
  • Demat Account Opening Charges (One Time): NA
  • Demat Account Annual Maintenance Charges (AMC): Rs 441

Trading Brokerages:

Value Pac Schemes

  • Delivery Based Trades: 0.25% to 0.18%
  • Intra-day Trades: 0.03% to 0.015%
  • Futures Trades: 0.03% to 0.025%
  • Options Trades: Rs 60 to Rs 50 per contract

Margin Schemes

  • Delivery Based Trades: 0.30% to 0.25%
  • Intra-day Trades: 0.03% to 0.025%
  • Futures Trades: 0.03% to 0.025%
  • Options Trades: Rs 100 to Rs 50 per contract

Motilal Oswal - Value Pac Schemes Segment Wise Detail

Monthly VP Quarterly VP Half Yearly VP Yearly VP
Scheme name VP2.5K VP2.5K VP5K VP25K VP50K
Upfront Fees (INR) 2,500 2,500 5,000 25,000 50,000
Validity (days) 30 90 90 180 365
Account Opening Fee (INR) 0 0 0 0 0
DP - AMC 1st Year Free 1st Year Free 1st Year Free 1st Year Free 1st Year Free
Delivery Brokerage
Max 0.25% 0.30% 0.25% 0.20% 0.18%
Min (paise) 3 3 2 2 2
Intraday Cash
1st leg Max 0.03% 0.03% 0.025% 0.02% 0.015%
Cash Min 1st leg (paise) 3 3 2 2 2
2nd leg Max 0.03% 0.03% 0.025% 0.02% 0.015%
Cash Min 2nd leg (paise) 3 3 2 2 2
Futures (Intraday Trading)
1st leg & 2nd leg each if carry forward 0.03% 0.03% 0.025% 0.03% 0.025%
FUT MIN 1st leg (paise) 3 3 2 3 2
2nd Leg if same day square off 0.03% 0.03% 0.025% 0.01% 0.01%
FUT MIN 2nd leg (paise) 3 3 2 1 1
Options Trading
1st Leg and 2nd Leg (INR) 60 70 60 40 50
Currency Trading
Futures 1st Leg and 2nd Leg (INR) 20 20 20 20 20
Options 20 20 20 20 20

Motilal Oswal - Margin Schemes Segment Wise Detail

Margin 1,000 Margin 10,000 Margin 25,000 Margin 50,000
Scheme name M1k M10k M25k M50k
Upfront Margin (Rs) 1,000 10,000 25,000 50,000
Account Opening Fee (Rs) Free Free Free Free
DP - AMC 1st Year Free 1st Year Free 1st Year Free 1st Year Free
Delivery Brokerage
Max 0.30% 0.30% 0.25% 0.25%
Min (paise) 3 3 2 2
Min (per day in case a transaction is done) (Rs) 20 20 20 20
Intraday Cash Segment
1st leg Max 0.03% 0.03% 0.025% 0.025%
Cash Min 1st leg (paise) 3 3 2 2
2nd leg Max 0.03% 0.03% 0.025% 0.025%
Cash Min 2nd leg (paise) 3 3 2 2
Min (per day in case a transaction is done) (Rs) 20 20 20 20
Futures (Intraday Trading)
1st leg max 0.03% 0.03% 0.025% 0.025%
2nd leg max 0.03% 0.03% 0.025% 0.025%
If carry forward 0.03% 0.03% 0.025% 0.025%
Minimum Brokerage (paise) 3 3 2 2
Options Trading
1st Leg and 2nd Leg (Rs) 100 75 75 50
 
Add-on Services Offered
Trading Platform Exe Exe Exe Exe
Delivery Plus Yes Yes Yes Yes
Mobile Access Yes Yes Yes Yes
Free SMS Alerts (buy & sell) Yes Yes Yes Yes
Free SMS Alerts (advice) No No No Yes
Call & Trade Yes Yes Yes Yes
Advisory services No No No Yes
Research Reports Yes Yes Yes Yes

Note: Service tax is levied on Brokerage + Turnover Tax, Stamp Duty on Turnover, Turnover Tax on Turnover, STT on Turnover and any other statutory charges as applicable are charged extra in addition to the brokerage rates.

Demat Account Charges

Online clients Scheme D (POA Compulsory)
Scheme name Ebroking
Account maintenance (AMC) Rs 400
Account Administration (AA) NIL
Advance Rs 400
Trx Charges Within MODES (Sell) (Charges which ever is higher will be charged) Rs 20 or 0.020% of transactio
Outside MODES (Sell) Rs 30 or 0.03% of transaction value
Dematerialisation (In all schemes) Rs 25 per request + Rs 5 per certificate
Rematerialisation Rs 35 per certificate
Pledge Creation/ Closure/Invocation Rs 35 per request each

Note: Few other demat account scheme's are available.

How to open account with Motilal Oswal Securities Ltd?

  1. The fastest way to open an account with Motilal Oswal is by leaving your contact information below. Once you leave your contact information, you will get a callback in few minutes explaining you the plans and helping you with account opening process.

Contact Motilal Oswal / Request Call Back

Name:Phone
EmailCity
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Are you a day trader?

Motilal Oswal Pros and Cons

Motilal Oswal Advantages

  1. Wide Range of Investment Choices- Equity, Derivatives, IPOs Or Mutual Funds.
  2. Discounted Brokerage Schemes that offers true value for money.
  3. Complete Ease of Operation with more than 39 banks for Fund Transfer.

Motilal Oswal Complaints received at BSE / NSE:

Number of customer complained against Motilal Oswal Securities Ltd share broker. The Motilal Oswal Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Motilal Oswal Securities Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 79,547 29
NSE 2015-16 165,844 116
BSE 2014-15 62,867 46
NSE 2014-15 152,608 127
BSE 2013-14 663,408 42
NSE 2013-14 123,022 120
BSE 2012-13 642,403 50
NSE 2012-13 621,966 119
BSE 2011-12 595,786 80
NSE 2011-12 592,459 134

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Useful links about Motilal Oswal

  1. Website: www.motilaloswal.com
  2. Corporate Office: 3rd Floor, Hoechst House,
    Nariman Point, Mumbai - 400021

Enquiry Form


Motilal Oswal Securities Ltd Reviews

avatar
225. chethan  Jul 10, 2016 12:46:23 AM IST Reply
Bad customer service, poor platform, Had very bad experience with broker and customer service person

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
225.1. M O S L M O F S L  Jul 11, 2016 3:05:27 PM IST
Dear Sir,
Apologies for your inconvenience. Kindly provide your contact number, our representative will contact you shortly to prioritize your query. - Team MOSL
avatar
224. Baidyanath Jena  Jul 9, 2016 11:04:42 AM IST Reply

I have filled the form since 28 june. Yet I havent received confirmation call or reply through email. Is there any way to talk with the authority. I need a toll or contact number if possible.
avatar
224.1. M O S L M O F S L  Jul 11, 2016 3:06:29 PM IST
Dear Sir,

Apologies for your inconvenience. Request you to share your contact details.
Our representative will contact you shortly for completion of your account opening process.

-Team MOSL
avatar
223. Avadhoot bhandare  Jun 22, 2016 4:19:46 PM IST Reply
Customer Care response is worst. They are nor informing the customers for any changes. When the customer approaches them, they take lot of time to reply. Time is very important for equity market. If they can not answer technical / software issues, customer will make huge losses. They are changing the software/ platform.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
223.1. Rama Swamy  Jun 23, 2016 12:24:04 PM IST
Dear Sir,

Apologies for your inconvenience. Request you to share your contact details (Mobile number/Client Code). Our representative will contact you shortly to resolve your issues. – Team MOSL
avatar
222. Amit  Jun 7, 2016 10:35:41 PM IST Reply
Real bad Customer Service. For all purpose they will ask you to reach out to the franchise and Franchise will be completely clueless about how to solve issue.

I wanted to pledge my govt. bonds for education loan from Bank - Neither support team nor franchise able to help

Client Id - AG449

avatar
222.1. M O S L M O F S L  Jun 9, 2016 5:30:25 PM IST
Dear Sir,

Our representative contacted you & explained the process to pledge tax free bonds. Our team has couriered the form on your registered address.
Hope your query is resolved.

Team MOSL
avatar
221. Amit  May 25, 2016 9:26:43 PM IST Reply
What they commit and deliver is different.
Lots and lot''s of follow up.
There mobile app crashes at 9:15 when market starts many time.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
221.1. M O S L M O F S L  May 31, 2016 3:19:15 PM IST
Dear Sir,
Apologies for your inconvenience. Request you to share your contact details (Mobile number/Client Code). Our representative will contact you shortly to resolve your issues. – Team MOSL
avatar
220. Rajeev Kumar  Feb 3, 2016 1:33:28 PM IST Reply
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
due to poor efficiency of slow computer Internet systems & like that, resulting which I am no in a mental agony and facing,lack of duty consciousness, lethargic and non Customer centric attitude, though I am eligible for getting Personal.this type of mental agony would not have to suffer
avatar
219. vivek  Jan 30, 2016 2:57:21 PM IST Reply
worst broker motilal oswal
avatar
218. anil  Jan 23, 2016 6:19:45 AM IST Reply
better go on samco better than others
avatar
217. Krishna  Jan 14, 2016 1:30:30 AM IST Reply
if you open an account with this type of brokerage firm be aware of some of the hidden condition
1.what it write on the brokerage slab is nomean, you have ready to pay more for buying/selling of your stock.
2.if you trade on margin balance beware of your stock it sell your stock without any notice/notice few hour before if you not made margin payment before T+5 days,
3.AMO(After Market Order) is not placed by mobile/desktop site.

4.if you are not a big player in stock market just go for ZERODHA/RKSV like trader,it is awesome you feel when you made first trade without any brokerage(In ZERODHA),its worthy.
i have recently open my ZERODHA Trading account and i made an intraday purchase by just little margin like 0.05/0.10 paisa and in this i made a little profit(Depend Upon The Size Of Equity)
if you go through MOTILAL OSWAL Like trader you made a huge loss in this margin,so if you made purchase in motilal you have you wait for the time after calculating the huge brokerage charged leaved on the stock.
if the stock fall you have to wait again it comes to the position where (Breakeven Point ) Comes And you Exit without Any Gain.
5.YOU DONT''''T SEE ANY BROKERAGE CALCULATOR ON MOTILAL OSWAL WEBSITE BECATHEY CHAGE ACCORDING TO THEIR WILL IF YOU HAVE ANY DOUBT JUST SEE ON THE WEBSITE AND COMPARE THE CHARGE FROM ZERODHA/RKSV LIKE BROKER YOU SEE THE DIFFRENCE.
6.And If you think about the Service Just Note That You are not here to invest in long term(I think so) Every one want money in sort term so research work is not mandatory for intraday or for short duration equity where you have to exit your equity,(Best Option Is To GO WITH DISCOUNT BROKERAGE REGARDING THIS TYPE OF BROKERAGE)

NOTE:I am writing this becai am a suffrer,and from this if one man Teach a lesson it is good for me.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
217.1. Hitendra Patel  Apr 22, 2016 1:37:07 PM IST
Dear krishna,

RKSV is ok but zerodha is not best. i have big lose in zerodha by PI software mi-stack, SL and Limit price both hit and i am go in big lose, his RMS team is not given me satisfied solution ...
avatar
216. Ranjana Srivastava  Jan 5, 2016 9:54:09 PM IST Reply
Lkon013 i request brokerage down plz
avatar
215. krishna jha  Jan 1, 2016 11:34:17 AM IST Reply
worst broker in india.
wrong charges taken by motilal oswal every time
they wil not provide you any written commitment.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
214. Vetri Vasikaran  Dec 18, 2015 9:43:37 AM IST Reply
Excellent in Service providing, excellent for people those who especially do trading in the options segment with an accuracy rate of 85%, their charges are even affordable as
Mr. Raamdeo Agarwal and strong research team makes the client to earn a better returns comparing with other brokers be it for intra day, short term or long term.
avatar
213. Lekhram  Dec 12, 2015 11:58:18 AM IST Reply
Good Sarvesh

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
212. Sunny Indra Singh  Dec 7, 2015 9:13:20 AM IST Reply
Lifetime fees are completely waived off which is the best offer. also the Mobile app has been excellently designed to meet user needs. Over and above online account opening process is very smooth and hassle free. overall a very good experience. One should definately look forward for Motilal oswal account and services.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
211. H Radhakrishnan  Nov 2, 2015 2:58:55 PM IST Reply
Service and no pestering to buy or trade

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
avatar
210. deepak jadhav  Aug 11, 2015 4:52:00 PM IST Reply
MOTILAL OSWAL IS BETTER AND BIGGER BROKER IN INDIA . BUT GROWING CONCEELING AND CLIENT CONFIDENECE

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
avatar
209. s d ghosalkar  Jun 12, 2015 12:39:09 PM IST Reply
do not open your trading a/c with motilal oswal as they are careless and their research team is worst. they make promises and do not fulfil them.. i m having 8 a/cs with them invested Rs.4.50 lacs and now within 6 months the balance is hardly Rs.3000.00 their dealers only for incentive purpose they will make you promises even when the balance is going in negative side there is aggresive trade from the dealers ..hopeless brokers. not fit to be in market they are looting their clientele as wellas their dealers are advising to close a/cs in motilal oswal and to open a/c with other brokers where they are sub brokers..
avatar
208. akshay khake  May 5, 2015 1:15:19 AM IST Reply
motilal oswal agents said to me invest minimum 10000 rupees first time...
avatar
207. anirudh thattey  Mar 18, 2015 8:46:14 AM IST Reply
I am holding an account with motilal oswal . Actually the brokerage on paper is very attractive but when you trade it is pinching in many cases it comes to even INR 5 % to 25 % of traded value . when you complain about it they will show some 1980 - 1990 rule to justify

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
avatar
206. Kalpana Kucheria  Sep 9, 2014 11:45:17 AM IST Reply
Hello,

My username is E621165 and name is Kalpana Kucheria.

About a month ago I submitted my account closure documents at the T Nagar Branch, Chennai along with my CMR. I received a call after 2 weeks saying that the closure was not possible as there was a credit balance of 651 in my ledger and 500 in my margin. I transferred the ledger balance myself and when I contacted the customer care on 91-22-39982515, they told me to get in contact with a person called C Jayakumar from the T Nagar branch. I called him up and he assured me that the transfer of margin balance would get completed at the end of that day. Its been 10 days today and C Jayakumar is still telling me that the transfer will take some more time. All I want you to do is transfer my margin credit balance to my Bank account and close my MO acc forever. Why can''t you do that for me? And this C Jayakumar has stopped answering my calls since the last 3 days. I called him from a different number and he picked it up immediately.

I want you to immediately process my account closure and ensure that my shares get transferred to my new broker IL&FS before Friday.

What sort of a pathetic stock broker are you?

Kalpana

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