Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2021


31.33% 495,271 Clients

Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since its inception in 2003

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 2018, Motilal Oswal had a network spread over 500+ cities and towns comprising 2,200+ Business Locations operated by the company and its Business Partners. The company has over 10,00,000 registered customers with over Rs 69,500 Crores in depository assets.

Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested in equity research. The company has dedicated teams for large-cap, mid-cap and technical research. It has published more than 30,000 research reports on over 260 companies spread across 21 sectors. From a fundamental, technical and derivatives research perspective, Motilal Oswal's research reports have received wide coverage in the media. It was awarded India 's Best Market Analyst Award for IT & FMCG sector by Zee Business.

Motilal Oswal Special Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice 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.


Account Types

  1. Default Account

    The standard trading and demat account offers a wide range of investment options customized to suit your time horizon & risk appetite. This account offers trading in investment in Equity, Derivatives, Commodity, Currency, Mutual Funds, IPO, PMS, Insurance and Fixed Income Products. The default account type is for casual traders and long term stock market investors.

  2. Value Pack

    Value Pack Account is the upfront subscription scheme, which gives significant discounts in brokerage rates. With the wide range of value packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. The brokerage charges in value pack are explained below. Value packs are for frequent traders who actively trade on a daily basis.

  3. Margin Pack

    Margin Pack Account is the upfront committed margin account, which gives significant brokerage discounts. With the wide range of margin packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. Margin Scheme is for frequent traders who actively trade on a daily basis.


Motilal Oswal Charges 2021

Motilal Oswal Account Opening Charges

TransactionCharges
Trading Account OpeningRs 1000 (One Time)
Trading Annual Maintenance (AMC)Rs 0
Demat Account OpeningRs 0
Demat Account Annual Maintenance (AMC)Rs 299

Trading Brokerage

Motilal broking services offer 3 unique trading plans. Customers could choose one of these as per their requirement.

1. Default Brokerage Plan

The default plan is for casual investors in the stock market. This plan is a basic plan. It includes the majority of services including access to research and advisory and free online trading software. The brokerage charges in this plan are highest.

Motilal Oswal Default Brokerage Plan
SegmentBrokerage
Equity Delivery0.50%
Intraday Cash or Future - Equity and Commodity0.05% (both side)
Options - EquityRs 100 per lot (both side)
Currency F&ORs 20 per lot (both side)

2. Value Pack Plan

The Value Pack is a prepaid brokerage plan which offers cheaper brokerage when you pay an upfront fee. This plan is for active traders. There are 7 options available in value pack starting from the upfront fee of Rs 2500 to Rs 1 Lakh.

Motilal Oswal Value Pack Scheme Brokerage

SegmentBrokerage
Equity Deliveryfrom 0.10% to 0.40%
Intraday Cash or Future - Equity and Commodityfrom 0.01% to 0.04% (both side)
Options - Equityfrom Rs 20 to Rs 50 per lot (both side)
Currency F&Ofrom Rs 10 to Rs 22 per lot (both side)

Motilal Value Pack Scheme Detail

Scheme name VP2KLT (Online) VP3KLT(Online) VP5KLT VP10KLT VP30KLT VP50KLT VPILACLT
Upfront Fees (one time) Rs 2,500 Rs 3,000 Rs 5,000 Rs 10,000 Rs 30,000 Rs 50,000 Rs 1,00,000
Validity Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime
Account Opening Fee Rs 0 Rs 0 Rs 0 Rs 0 Rs 0 Rs 0 Rs 0
Demat Account AMC (1st Year Free) Rs 299 Rs 299 Rs 550 Rs 550 Rs 550 Rs 550 Rs 550
Delivery Brokerage 0.40% (min 2 paise) 0.35% (min 2 paise) 0.30% (min 2 paise) 0.25% (min 1 paise) 0.20% (min 1 paise) 0.15% (min 1 paise) 0.10% (min 1 paise)
Intraday Cash (Equity) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Intraday Futures (Equity & Commodities) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Options (Equity) (both side) Rs 50 per lot Rs 45 per lot Rs 40 per lot Rs 30 per lot Rs 25 per lot Rs 25 per lot Rs 20 per lot
Options (Currency) (both side) Rs 22 per lot Rs 20 per lot Rs 18 per lot Rs 15 per lot Rs 12 per lot Rs 12 per lot Rs 10 per lot

3. Margin Scheme

Motilal Oswal Margin Scheme is for frequent traders. The brokerage charges in this plan keep reducing when you commit higher margin money in your trading account.

Motilal Oswal Margin Scheme Brokerage

SegmentBrokerage
Equity Deliveryfrom 0.15% to 0.50%
Intraday Cash or Future - Equity and Commodityfrom 0.015% to 0.05% (both side)
Options - Equityfrom Rs 25 to Rs 100 per lot (both side)
Currency F&ORs 20 per lot (both side)

Motilal Oswal - Margin Scheme Charges

Scheme Margin Rs 0 to Rs 24999 Margin Rs 25000 to Rs 49999 Margin Rs 50000 to Rs 99999 Margin Rs 100000 to Rs 299999 Margin Rs 300000 to Rs 499999 Margin Rs 500000
Trading Account AMC Rs 800 per year Rs 299 per year Rs 299 per year Rs 299 per year Rs 299 per year Rs 299 per year
Admin Charges Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year

Motilal Oswal - Margin Scheme Brokerage

Scheme Margin Rs 0 to Rs 24999 Margin Rs 25000 to Rs 49999 Margin Rs 50000 to Rs 99999 Margin Rs 100000 to Rs 299999 Margin Rs 300000 to Rs 499999 Margin Rs 500000
Equity Delivery Brokerage 0.50% (Min 5 Paise) 0.40% (Min 3 Paise) 0.30% (Min 3 Paise) 0.25% (Min 3 Paise) 0.20% (Min 2 Paise) 0.15% (Min 1 Paise)
Equity Intraday Cash & Future (Both side) 0.05% ( Min 5 Paise ) 0.04% (Min 4 Paise) 0.03% (Min 3 Paise) 0.025% (Min 2 Paise) 0.02% (Min 2 Paise) 0.015% (Min 1 Paise)
Options Rs 100 per lot Rs 75 per lot Rs 70 per lot Rs 50 per lot Rs 40 per lot Rs 25 per lot
Currency Futures & Options Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot

Motilal Demat Charges

Motilal Demat Account Charges

Particulars Charges
Scheme name AMC Scheme
Account Maintenance Charges (AMC) Rs 550
Account Administration Charges (AAC) Rs 199
Advance Rs 0
Demat Transaction Charges - Within MOFSL (Sell only) Rs 30 or 0.03% (whichever is higher)
Demat Transaction Charges - Outside MOFSL (Sell only) Rs 40 or 0.04% (whichever is higher)
Dematerialisation (In all schemes) Rs 50 per request + Rs 50 per certificate
Rematerialisation Rs 35 per certificate
Pledge, Unpledge, Closure, Invocation Rs 35 or 0.02% (whichever is higher) per ISIN request

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

Visit Motilal Oswal Brokerage Charges Review for more detail.

Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Motilal Oswal Online Account Opening

  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.

Motilal Oswal Trading Software (Motilal Oswal Trading Platforms)

Motilal Oswal offers a range of online trading software. Following are few popular trading softwares offered by Motilal:

  1. MO Investor (Trading Website and Mobile App)
  2. MO Trader
  3. Desktop Application (Installable Trading Terminal)
  4. Smart Watch (App for Android and Apple Watch)

 

Visit Motilal Oswal Trading Software Review for more detail.

Contact Motilal Oswal / Request Call Back

Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

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Motilal Oswal Pros and Cons


Motilal Oswal Pros (Advantages)

The following are the advantages of Motilal Oswal. You must read Motilal Oswal advantages and disadvantages before opening an account with Motilal Oswal. Motilal Oswal pros and cons help you find if it suits your investment needs.

  1. 20+ years of experience in trading and investment.
  2. Wide Range of Investment Choices - Equity, Derivatives, IPO, Mutual Funds, Insurance and Fixed Deposit.
  3. Value Pack Brokerage Schemes offers low brokerage options.
  4. Complete Ease of Operation with more than 60 banks for Fund Transfer.
  5. Free research advisory services.
  6. Free trading software.

Motilal Oswal Cons (Disadvantages)

The following are the cons of Motilal Oswal. Check the list of Motilal Oswal drawbacks.

  1. Very high brokerage charges in comparison with the discount brokers like Zerodha and 5paisa.
  2. The brokerage in value pack scheme is competitive but it requires upfront fees at the time of opting for the plan. The value pack plans cannot be update or cancelled once selected.
  3. Doesn't offer 3-in-1 account.

Motilal Oswal Securities Ltd Enquiry Form

Motilal Oswal Margin / Exposure

Motilal Oswal leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery4x
Equity Intraday20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity FutureUpto 3x for Intraday
Equity OptionsNo exposure
Currency FutureNA
Currency OptionsNo exposure
Commodity FutureUpto 3x for Intraday
Commodity OptionsNo exposure

Visit Motilal Oswal Margin Review for more detail.


Motilal Oswal Ratings

Overall Rating Rated 2.4 stars 2.4/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.3 stars 2.3/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.6 stars 2.6/5
Research Capabilities Rated 2.2 stars 2.2/5

Based on 106 Votes by Motilal Oswal Customers

Do you trade with Motilal Oswal? Rate Motilal Oswal


Motilal Oswal Complaint

The number of Motilal Oswal customer complaint received by the exchanges. The Motilal Oswal consumer complaint report helps understanding the Motilal Oswal Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2020-21 495,271 365 0.07%
BSE 2020-21 108,657 12 0.01%
NSE 2019-20 377,123 332 0.09%
BSE 2019-20 107,202 60 0.06%
NSE 2018-19 322,121 187 0.06%
BSE 2018-19 93,959 30 0.03%
NSE 2017-18 307,647 160 0.05%
BSE 2017-18 137,652 50 0.04%
NSE 2016-17 207,194 119 0.06%
BSE 2016-17 83,617 23 0.03%

* The number of active customers reported by the broker.

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

Visit Motilal Oswal Complaints at BSE, NSE and MCX for detail report.


Motilal Oswal Margin Exposure

SegmentExposure
Equity Delivery margin4 times of the available margin
Equity Intraday margin20 times of the margin available
Futures Margin3 times of the available margin but only for Intraday position and not for carry forward position
Options MarginNo exposure as its already a leveraged product
Equity CO MarginNo exposure
Futures CO margin3 times of the available margin but only for Intraday position and not for carry forward position
Options CO marginNo exposure as its already a leveraged product
Commodity margin3 times of the available margin but only for Intraday position and not for carry forward position & 5 Times on margin in value +

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
    • 30 years of experience in wealth creation
    • A Million+ customers, 2,200+ locations, 500+ cities
  2. Research Servies

    • Awarded by Zee Business as India's Best Market Analyst Award for IT & FMCG sector
    • Published 30,000+ research reports across 225+ companies and 25+ sectors
    • Dedicated teams for large-cap, mid-cap & technical research
    • 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 trading platforms across Desktop, Web, mobile or Tablet
    • Trade, Invest, Track, Review through a single login
    • 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 15 minutes & 6 simple steps
    • 1-day account activation
    • Dedicated customer service team with a 6-hour query resolution TAT
    • Customer centric Risk Management System
    • Real-time payouts to customers
    • Standard plus value added customer reports


404 Comments

Amit Jain
404. Amit Jain  Feb 27, 2021 12:34 I Like It. | Report Abuse Reply 0
There can't be any more thieves than motilal and worst customer support. They continued .small MFs without my consent so that account remains active. There are so many hidden charges and whopping interest rates on margin etc which we don;t realizes
Arunesh Pandey
403. Arunesh Pandey  Feb 26, 2021 10:36 I Like It. | Report Abuse Reply 0
Fraud, Cheaters, Crook or something else...I really cannot determine what actual name should be given to this company. They agreed for a rate of brokerage and deduct the amount of brokerage which is approx 5 to 10 times more then the agreed terms. When i asked for the refund of excess brokerage they simply denied. Their contract note indicates that brokerage would be computed upto 4 digits of decimals but the broker says that their software can compute only upto 2 digits which is lie. They make there investor fool to make money. They are looting all investors in the same way.
PUSHPAK DHADIWAL
402. PUSHPAK DHADIWAL  Feb 8, 2021 19:46 I Like It. | Report Abuse Reply 0
Motilal ostwal has worst PMS service ...they only say invest for 3 year get your money doubled...I have invested all my savings in Motilal PMS my result are negative - 25 % now it's almost 3.5 years for investment sensex was 29000 ...so I request not to trust on Motilal oswal bad experience...they only take meetings in 3 star hotel an says will cover loss will do better performance....just kept in as FD in bank would have get 6% min return yearly...that 18% loss ...if we say all this things in meeting ...they investment is subject to market risk...than y we are allowing to experts for our money to invest...iF we have entered in all blue chip fund in 2017 my investment would have give 18% return ...but we believed you...they Are fake ...plz don't invest
Sohan Jalan
401. Sohan Jalan  Jan 29, 2021 17:30 I Like It. | Report Abuse Reply 0
These guys are big cheaters. They make us fool by doing sugar coated talks. Today, One of their advisor has given me a loss of 15k. Now, I can only shout on them. But, they are very shameless. They promise so many things but don't do a single thing.
Sohan Jalan
400. Sohan Jalan  Jan 29, 2021 17:23 I Like It. | Report Abuse Reply 0
They are big cheaters. They do only sugar coated talks and fool us. Today, they have given me loss of 15K. Now, I can only shout on them. But, it doesn't make any difference to them because there are shameless.
Sohan Jalan
399. Sohan Jalan  Jan 29, 2021 11:55 I Like It. | Report Abuse Reply 0
The advisors of Motilal Oswal are big cheaters. Yesterday, they cheated me with 15K. Now, they are giving some stupid excuses. There is no body in grievance cell taking the phone call. The whole company is promoting these cheaters.
Anupam kumar
398. Anupam kumar  Jan 28, 2021 23:49 I Like It. | Report Abuse Reply 0
Dislike their charges
Charges very high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
Sriram
397. Sriram  Jan 22, 2021 17:09 I Like It. | Report Abuse Reply 0
Worst brokerage in my experience. You will only see your money declining. No transparency, also you will never be able to reach the customer support and will be kept on long wait times. Relationship managers have poor knowledge and timing, ex. they will ask you to invest in the market and mutual fund when markets are high and for sure all know that it will correct.

Please AVOID.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Sriram
396. Sriram  Jan 22, 2021 16:59 I Like It. | Report Abuse Reply 0
Worst brokerage house. You can never contact customer service. they have done it on purpose. Nothing is transparent. Once you put in your money, you will see only charges and deductions.
Relationship managers lack knowledge and you will be misguided all the time. Please AVOID.
Amit kumar shaw
395. Amit kumar shaw  Jan 10, 2021 05:48 I Like It. | Report Abuse Reply 0
Donot open any account in motilal, they can open in 15 minutes, but their charges are very high and they deduct money unusually, the person who opened my account, deducted 5000 at initial for cashback scheme. Which I have to use in a year as a brokerage fee. Which is much higher then others, I am Tring to close my account but there is a heck they can open account in minutes but closure is totally offline have to fill form and submit nearby with correct information else no closure, no way to close online, I am trying to close it from last 5 month but cannot as it has more hectic experience. I lost nearly 15k in 2 years as charges. Don't open else you cannot close.
Ramesh Upare
394. Ramesh Upare  Jan 8, 2021 12:04 I Like It. | Report Abuse Reply 0
Not good in service after opening New account no body is caring not attending Phone calls when urgent.
Sudesh
393. Sudesh  Jan 1, 2021 15:25 I Like It. | Report Abuse Reply 0
All theory without any examples. I have portfolio managed by Motilal Oswal and 5Lac invested in year Jan2018 r now got eroded to 3.2 lacs. Carelessness is at high pick since no one is clarifying even after contacting several times. Better if he implement his business values n credentials in his firm rather than evaluating other cos performance stock analysis.Incidently his name resembles a famous business yoga and Ayruveda guru.G Goot alternate if MO company lock down due to poor performance.
Ankur
392. Ankur  May 23, 2020 10:23 I Like It. | Report Abuse Reply 0
Very very selfish company. All advisors are only working for themselves and not for the clients. Very slow services and not transparent. They do not allow the issue to escalate to high management, the concern person does not let the escalation reach the high management to save his own goodwill. Worst advisory service and only focus on their own profit through broker fee nd commission
Malleswara
392.1. Malleswara  Dec 30, 2020 12:27 I Like It. | Report Abuse 0
They hire freshers as advisors, their duty is simply making business for Motilal with fals calls. They do not know even basics of trading and even in their own applications. I asked 10 times about brokerage , they were giving false information about it as is on low brokerage but they changed 5 months ago and were looting me with heavy brokerage.
SATISH DEVA
391. SATISH DEVA  Dec 13, 2020 16:22 I Like It. | Report Abuse Reply 0
Motilal Oswal security ltd is a slater house. They don't have any knowledge of trading. They are so selfish, they don't try to help anybody in need. TSATISH hey are using the client money for their own benefit. They don't care about their client and cheat them in all ways possible. DO NOT GET YOURSELF INVOLVE IN SUCH KIND OF FROD SECURITY BROKER. They will manupulate and take away all your hard worked earning.
Parag Kenkare
391.1. Parag Kenkare  Dec 14, 2020 09:00 I Like It. | Report Abuse 0
Fully agree
Eshwar
391.2. Eshwar  Dec 30, 2020 08:44 I Like It. | Report Abuse 0
I totally agree, all are worst calls and loot in brokerage too.
Eshwar
390. Eshwar  Dec 30, 2020 08:43 I Like It. | Report Abuse Reply 0
Never prefer Motilal if you are looking for a low brokerage solution. They usually charge high compare to other trading accounts, that too they will change your brokerage plan without proper notification and notice. I ended up paying so much because of the change they made after 2 years of use without consulting me. The biggest mistake I have done is never looked out of Motilal, now I realized that I at least lost 20-30k minimum on brokerage when I tried with other trading accounts.
Parag Kenkare
389. Parag Kenkare  Dec 13, 2020 09:40 I Like It. | Report Abuse Reply 0
My complaint and grievance is against MOTILAL OSWAL. I would caution any trader or investor who trades actively in stock market to not open demat account with this broker. First of all their brokerage charges are very high, different for different customers and there are hidden charges. On top of that their so-called advisors are only interested in giving Motilal more brokerage at the cost of traders losses in the segments that they are inexperienced in. I mainly trade in delivery swing and intraday. I don't have experience of trading in derivatives futures and options but wanted to learn trading in it. I told my advisor, Mr. Divyesh Bhesania about my inexperience in trading F&O segment and just wanted to trade in option to learn how to trade in options. I have been a victim of this unethical malpractice by my advisor who instead of placing order in 1 lot in options showed me the greed of profits and placed trades in 10 lots that too on the expiry day on Thursday when the market is most volatile. He put trade on my behalf in call option that too when the market was going down and when I told him to trade in put option when the market is bearish he told me to put trust in him and bought a call option giving stop loss at almost 40 Rs gap. Because of his blunder which was actually cheating I suffered a loss of more than Rs 9500.

After this episode another advisor named Shreyas told me to trade in currency to cover my losses of Rs 9.5k and placed a sell put trade in currency options purchasing 200 lots. When again the MTM was showing about 5k loss he told me to average it out by 300 lots more, so the total lots sold was 500 lots in put option and he told me to hold it for next day Friday which was the currency options expiry day. Because the rupee went down further against dollar I suffered another huge loss of 20000. In all I suffered loss of more than 45000 due to 30000 loss plus more than 15000 brokerage charged by Motilal Oswal. I never trust any outside fake advisor who calls me from Indore, Bhopal, Rajkot and other places but I actually put blind trust on advisor of Motilal Oswal thinking that they are advisors of reputed broker but it was my big mistake. On one hand Motilal Oswal brokerage is highest in broking industry and on other hand they will do anything, even give wrong calls to make losses for customers and to gain more brokerage. So guys be careful before opening account with this most unethical broker MOTILAL OSWAL. All your hard earned money can get wiped out in no time by wrong advisory with wrong calls to give Motilal more business at the cost of customer losses.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
Customer
388. Customer  Dec 11, 2020 11:58 I Like It. | Report Abuse Reply 0
On the site of Motilal Oswal Financial Services, it was written free joining fee and free lifetime AMC for that day. I registered my account, filled all details and uploaded my documents. The next day I received a call from an executive of Motilal Oswal Financial Services that my account is still not activated and he needs OTP sent on my mobile number to activate my account. I confirmed again if Lifetime AMC is free and he said Yes. I gave him the OTPs he needed afterwards. But after my account got activated, the executive asked me what i was asking about AMC. I told him again if AMC is free. At that time he started saying that i have to buy value added pack and then brokerage will be lowered and that AMC is free for only first year. I told him i do not want the account and I am not willing to pay AMC as i am already trading on other website. He said he would call me later but did not call me afterwards. I received an email that my account had been processed and activated. This is really not something you can expect from such reputed company. They told me lies to get my to open an account and later refused to keep up their promise. I want my promise to be fulfilled or my account to be closed.
Account id - EMUM058222
Madhav Taparia
387. Madhav Taparia  Nov 24, 2020 18:24 I Like It. | Report Abuse Reply 0
This is the worst brokerage house. Never gets connected to customer care. None of your queries would ever get solved. Never get into this trap at all. Complete fraud work they are doing. Worst customer grievance service!! Moreover very high brokerage
Prasanna kumar TC
386. Prasanna kumar TC  Nov 22, 2020 18:37 I Like It. | Report Abuse Reply 0
This is one of the worst financial company where u need to forget once u invest money.
I had invested 3.05 lk just 1 year before and lost my entire money due to wrong strategy done by their executive .After which I was asked to invest 2 lk again to get back lost amount just 6 months before and now ledger balance is Rs.246.
I am really worried and stressed about this and if I don't get solution immediately then this company will face the consequences for sure.

Forget about profits ,just loosing all money.
They get huge brokerage to loose our money and not to get profits for customers.

For this company there are lot of advertisement also given ,God has to save all who have invested money here.

I will wait for a week's time and if not I am going to take serious action on the same for sure in all levels .

Media who is giving publicity for this company will show that this company is making their customers to loose money shortly.
Bajjuri Venkatesh
385. Bajjuri Venkatesh  Nov 15, 2020 17:33 I Like It. | Report Abuse Reply 0
I'm a long term investor and try to have Outlook for 5 to 10yrs in general.
When I first heard of Motilal in 2017, it was supposed to give good suggestions, as in 70 out of 100 suggestions are supposed to hit bulls eye. However, when I started looking at the recommendations, I can say that the suggestions were of 0 value.

The advisors, as Motilal claims, are allocated to each client. However they only are interested in selling Motilal products to clients, sometimes forcefully. Like MF or trading apps or sensibull etc.

I can confidently say that Motilal suggestions are not important for long term investors. If you are not a regular reader and interested in long term markets, you can safely ignore Motilal Oswal suggestions. Motilal charges are high for the various product portfolio it offers, for the suggestions it gives and for the personal advisors

None of them is useful in long term perspective.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average

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