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Motilal Oswal and their advisory services is a fraud. Through their advisory services they just lure and entice their clients with false expectations of high returns and compel you to invest in options for which they charge huge brokerage with fake claims and start trading on your money as they wish and finally at the end of the day cut a sorry figure. In the beginning they will tell you that your profile the loss is huge and they will promise that they will recover the loss and earn a very good profit. Yesterday, their advisor contacted me and told that there is a loss of 15% amounting to nearly Rs 33,000/- and he will recover the entire loss and earn additional income.As I was not convinced with his version and as I was aware that they will work for the benefit of their company and not for the benefit of the client , he explicitly told that the brokerage and the profit would be in the ratio 2:6 and he will take the trade only if it results in such return. After discussing for more than an hour, he got me in to a forex trade and after entry I was told that the market is not going as per expectations and hence has to be exited at stop loss.This exit at SL resulted in loss of around Rs 11,000 but the total loss on account o f that trade was informed as Rs 82,500/- which includes Rs 60,000/- brokerage and another Rs 11,000 as GST.All these things were not at all informed clearly, it was just told that it would definitely result in huge profit. Today again they repeatedly came on liine asking me to bring in more funds to recover the losses.The advisor and another person said to be his senior insisted me to add bigger funds. As I made up my mind as any funds added will also wiped out in the shape of brokerage I did not accept for it and demanded for waiver off brokerage as it was quite contrary to what I was told.It appears that this entire advisory services of the company is a fraud. So don't fall into the prey and invest in MO. SEBI and Government of India must investigate the malpractices and unethical practices indulged in Motilal Oswal administration and ban the advisory services of the company and save the hard earned money of poor innocent investors from getting wiped out by this fraud and cheating done by the advisory services of the Motilal Oswal company.My Client Code is MOQ2017 and I have recorded the entire conversation of the Advisor and I am going to file a case for waiver of the Brokerage levied to me and for initiating stern action against MOFSL.

Same happened to me.