Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2020


22.15% 460,645 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 (₹400 waived) with ₹25k margin or ₹3k prepaid value pack. Also avail ₹3k woth of discount vouchers, ₹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 2020

Motilal Oswal Account Opening Charges

TransactionCharges
Trading Account Opening₹1000 (One Time)
Trading Annual Maintenance (AMC)₹0
Demat Account Opening₹0
Demat Account Annual Maintenance (AMC)₹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 - Equity₹100 per lot (both side)
Currency F&O₹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 ₹20 to ₹50 per lot (both side)
Currency F&Ofrom ₹10 to ₹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) ₹2,500 ₹3,000 ₹5,000 ₹10,000 ₹30,000 ₹50,000 ₹1,00,000
Validity Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime
Account Opening Fee ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Demat Account AMC (1st Year Free) ₹299 ₹299 ₹550 ₹550 ₹550 ₹550 ₹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) ₹50 per lot ₹45 per lot ₹40 per lot ₹30 per lot ₹25 per lot ₹25 per lot ₹20 per lot
Options (Currency) (both side) ₹22 per lot ₹20 per lot ₹18 per lot ₹15 per lot ₹12 per lot ₹12 per lot ₹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 ₹25 to ₹100 per lot (both side)
Currency F&O₹20 per lot (both side)

Motilal Oswal - Margin Scheme Charges

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

Motilal Oswal - Margin Scheme Brokerage

Scheme Margin ₹0 to ₹24999 Margin ₹25000 to ₹49999 Margin ₹50000 to ₹99999 Margin ₹100000 to ₹299999 Margin ₹300000 to ₹499999 Margin ₹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 ₹100 per lot ₹75 per lot ₹70 per lot ₹50 per lot ₹40 per lot ₹25 per lot
Currency Futures & Options ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot

Motilal Demat Charges

Motilal Demat Account Charges

Particulars Charges
Scheme name AMC Scheme
Account Maintenance Charges (AMC) ₹550
Account Administration Charges (AAC) ₹199
Advance ₹0
Demat Transaction Charges - Within MOFSL (Sell only) ₹30 or 0.03% (whichever is higher)
Demat Transaction Charges - Outside MOFSL (Sell only) ₹40 or 0.04% (whichever is higher)
Dematerialisation (In all schemes) ₹50 per request + ₹50 per certificate
Rematerialisation ₹35 per certificate
Pledge, Unpledge, Closure, Invocation ₹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 ₹25k margin or ₹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 ₹25k margin or ₹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 2.1 stars 2.1/5

Based on 102 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 2020-21 460,645 283
BSE 2020-21 108,657 12
NSE 2019-20 377,123 332
BSE 2019-20 107,202 60
NSE 2018-19 322,121 187
BSE 2018-19 93,959 30
NSE 2017-18 307,647 160
BSE 2017-18 137,652 50
NSE 2016-17 207,194 119
BSE 2016-17 83,617 23

* 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


388 Comments

Madhav Taparia
388. Madhav Taparia  Nov 24, 2020 18:24 I Like It. | Report Abuse Reply
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
387. Prasanna kumar TC  Nov 22, 2020 18:37 I Like It. | Report Abuse Reply
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
386. Bajjuri Venkatesh  Nov 15, 2020 17:33 I Like It. | Report Abuse Reply
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
soman singh
385. soman singh  Oct 22, 2020 05:37 I Like It. | Report Abuse Reply
veryhigh brokerage rates in default pack, future and option they charge Rs 100 per lot, although Rs 10 per lot rate is easily available in any broking house, I lost Rs 200000 on day one trading as a motilals charge, Even if i had opted any other broker , it would have cost me around 5000 only. so its a huge loss, and a kind of cheating from motilal that th ey enforce so costly.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Very Poor
Overall Experience - Very Poor
P. Shah
384. P. Shah  Oct 12, 2020 21:55 I Like It. | Report Abuse Reply
Recently open account at MO at Malad West near NL College worst staff, worst service and Worst rules. They need client who download app n trade and dont disturb them or visit there i feel. want money with less work. Open nearby broker so get proper service.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
p s rawat
383. p s rawat  Oct 3, 2020 16:53 I Like It. | Report Abuse Reply
All the predictions/recommendations from the MO goes wrong. TGS is also faulty. Absolutely useless app.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Vijay Kumar Pandey
382. Vijay Kumar Pandey  Oct 2, 2020 13:15 I Like It. | Report Abuse Reply
This firm just like other firm but other firm updates there mobile trading app as per requirement particularly index trader requires realtime index on screen on mobile. Despite being a major brokerage firm they could not find this short comming in their trader app.
Prashant shelar
381. Prashant shelar  Sep 28, 2020 23:18 I Like It. | Report Abuse Reply
Motilal Oswal is really total fraud company,I can prove this some proof.from office some disable people hack ur account and ur money drawn by him indirectly with out ur permission and main thing is they misguided there customer and cheated them.after loss ur money they say there customer to buy sip, insurance, mutual fund,lots of commission base product,so far away from this company and save ur money
Bhautik V Vaidya
380. Bhautik V Vaidya  Sep 22, 2020 01:17 I Like It. | Report Abuse Reply
Nam bade darshan khote ka dusara nam means Motilal Oswal. A guy gave webinar for IAP. For all queries during webinar he said 'मैं हु ना. में आपको मेरा What'sapp नंबर देता हू. आपको एक assistant देता हु.' etc etc all sugar coated talks. Then after he assigned a fresh tender boy who do not know n e thing of NRI. Without prejudice trust me now I concluded that I know more about NRI investment than MO team. I wrote to Ajay Menon and he too passed it to a broker bcoz he hims elf do not trust his own team. Seriously looks like the old सोमैया has gone and now MO is at risk. MO team is now in politics and employees has poor interest in employer's business. जल्दी डूबेगा और dubayega.
Harsh Sharma
379. Harsh Sharma  Sep 5, 2020 11:05 I Like It. | Report Abuse Reply
I think its a cheater, just keep deceiving people. I and one of my friend, both opened account at the same time and both got fedup.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Prashant shelar
378. Prashant shelar  Sep 4, 2020 08:40 I Like It. | Report Abuse Reply
*MOSL,app,is not working ,when u take stop loss,then stop loss failed and ur money losses*
*In this account 95%peoples losses there money,they also deducted money very much,high charges,I was close my account in 1month.so take care and save ur money
Daljit kaur
377. Daljit kaur  Aug 31, 2020 10:52 I Like It. | Report Abuse Reply
Worst worst worst experience. Their customer executive did not pick up phone after investment but before that they always make false commitment. They also play with your investment as per their own wishes without informing you. They stop money refund after sale of shares for so many days. Infact it is a zero company. Don't. Trust them. Fake company.
Joheb Rahamam
376. Joheb Rahamam  Aug 25, 2020 12:50 I Like It. | Report Abuse Reply
dear sir.. my old client id BURD078, But i register my new phone no and new bank a/c. I started online trading. so please help me.
Ankur Goel
375. Ankur Goel  Aug 14, 2020 17:17 I Like It. | Report Abuse Reply
Worst service. CDSL debit charges very high. They charge 59 ruppe as CDSL charge when you sell your share.
You cannot withdraw whole amount from your trading account. You must have to keep 1000 in their trading account always which is against sebi order which says that broker cannot held even single ruppe of client in his trading account.
Ledger entries is weird, you will see lots of debit and credit which will confuse you.
PREM SINGH RAWAT
374. PREM SINGH RAWAT  Aug 11, 2020 07:29 I Like It. | Report Abuse Reply
Nothing lucrative only false

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Pankaj
373. Pankaj  Aug 10, 2020 14:52 I Like It. | Report Abuse Reply
Worst service provider kabhi software fault kabhi i t sactor not working phone mostly switch off Or not reachable even I I have recording their employe is saying our rms employees r mental very poor service
Disha Shah
372. Disha Shah  Aug 3, 2020 18:45 I Like It. | Report Abuse Reply
Not good service
Marketing person wrong commitment ND open account after no service I open account nikuj not gud service.
Intraday minimum brokerage 15/- not inform me before opening.
Bed service.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Below Average
Joseph chandy
371. Joseph chandy  Aug 1, 2020 14:34 I Like It. | Report Abuse Reply
Hedge equities mamangalam kochin office very poor customer service

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Tanishq Sah
370. Tanishq Sah  Jun 8, 2020 18:19 I Like It. | Report Abuse Reply
Worst customer service ever, do not opt for mosl ever. Employees are doing work from home and not even picking the calls. Brokerage is also very high and no support is given to the customer. DO NOT OPEN YOUR ACCOUNT IN MOSL FOR GOD SAKE.
Chiranjeevi
369. Chiranjeevi  Jul 21, 2020 03:18 I Like It. | Report Abuse Reply
Ita totally fraud company.
Representatives are also unprofessionals.
Brokerage charge they increase without our notice and consent.
If we maintain large amount in account they dialute money without our notice.
There are hundreds of times happened.
This is because of hidden charges.
Don't open account in Motilal oswal

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