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Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2024


5.43% 848,809 Clients

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FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Advisory Portfolios, etc.

Motilal Oswal's key USP is its deep industry experience and research advisory. The company has won multiple awards for its research services. The research division has published over 80,000 reports covering 100 stocks across 45 sectors. It regularly publishes reports on companies, sectors, thematic investing and market analysis.

Apart from having retail investors as their clients, Motilal Oswal is known for having a diversified client base that includes High-Net worth Individuals, mutual funds, foreign institutional investors, financial institutions and corporate clients.

Motilal Oswal charges brokerage at 0.20% for Equity Delivery, 0.02% for Intraday Futures, and Rs 20 per lot for Equity and Currency Options. The commodity brokerage charges are 0.02% for Futures and Rs 200 per lot for Options. Out of all its brokerage plans - Motilal Oswal has now introduced Free Equity Intraday Trading for Lifetime, making it the first-of-a-kind stock broker in India to offer free intraday trading to its customers. However, these rates are subject to negotiations and investors can get a pretty decent discount on the card rates if they are a serious trader or investor which is what makes Motilal Oswal a preferred choice of 50+ Lakhs and more investors including big traders and investors.

Motilal Oswal Special Offer

FREE Account Opening (for a limited time only)

  • Get FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.


Motilal Oswal Charges 2024

Motilal Oswal Account Opening Charges

TransactionCharges
Trading Account OpeningRs 0 (Free)
Trading Annual Maintenance (AMC)Rs 0 (Free)
Demat Account OpeningRs 0 (Free)
Demat Account Annual Maintenance (AMC)Rs 0 (Free)
Account Administration Charges (AAC)Rs 199

Brokerage on Trading with Motilal Oswal

At Motilal Oswal, you are charged a brokerage of 0.20% for Equity Delivery per transaction, 0.02% for Equity Intraday & Futures; and ₹20 per lot for Equity and Currency Options. However, the main advantage of trading with Motilal Oswal is that you can now trade in equity intraday at 0 brokerage for Lifetime. Not only this, but you can also negotiate and reduce your brokerage charges if you trade in larger volumes - something which is not available with discount brokers.

Motilal Oswal Default Brokerage Charges

SegmentBrokerage
Equity Delivery0.20%
Equity IntradayLifetime Free
Equity Futures0.02%
Equity OptionsRs 20 per lot
Commodity Futures0.02%
Commodity Options Rs 200 Per Lot
Currency FuturesRs 20 per lot
Currency OptionsRs 20 per lot

Visit Motilal Oswal Brokerage Charges Review for more detail.

Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

Motilal Oswal Trading Software (Motilal Oswal Trading Platforms)

Motilal Oswal offers a range of online trading and investing software and mobile apps. Following are a few popular trading software offered by Motilal Oswal Financial Services:

  1. Motilal Oswal App (also known as MO INVESTOR APP)
  2. MO Trader App - Specially designed for Traders
  3. Desktop Exe and Web login

 

Visit Motilal Oswal Trading Software Review for more detail.

Motilal Oswal Account Opening Enquiry

FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

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. 35+ years of Trading and Investing experience - Known for their Research in the industry and Wealth Creation Studies by Mr Raamdeo Agarwal who is also known as the "Warren Buffett of India"
  2. Free Equity Intraday Trading for Lifetime.
  3. Free 1st Month FnO Brokerage up to Rs 1,000
  4. Wide range of investment options - Stocks, Derivatives (Futures & Options), commodities, currencies, IPO, mutual funds, insurance, fixed deposits, Gold, US stocks, Sovereign Gold Bonds, Smallcase expert-curated ready investment baskets, and Intelligent Advisory Portfolios
  5. Investors can also buy shares of unlisted companies through PMS services offered by Motilal Oswal
  6. Up to 4X margin on a select range of stocks to make the most of your capital
  7. Free daily expert research and advisory calls along with a Personal Advisor to help you invest
  8. Free Trading Software - Different Apps for Investors and Traders
  9. Access to Options Store - Multi-leg options strategy, powered by expert mind and AI algorithm
  10. Access to MO Exclusive Smallcase - MO expert-curated small cases for all beginners
  11. Stock SIP feature - invest regularly in a stock you love
  12. Free and early access to Investor Community - StoCoMo

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 other full-service brokers and discount brokers.
  2. Doesn't offer 3-in-1 account.

Open Instant Account with Motilal Oswal

Motilal Oswal Margin Exposure

Motilal Oswal margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Motilal Oswal F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Motilal Oswal F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure + Delivery margin)1x

Motilal Oswal Ratings

Overall Rating Rated 2.2 stars 2.2/5
Fees Rated 2.7 stars 2.7/5
Brokerage Rated 2.1 stars 2.1/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.5 stars 2.5/5
Research Capabilities Rated 2.2 stars 2.2/5

Based on 138 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 2023-24 848,809 405 0.05%
BSE 2023-24 381,643 63 0.02%
NSE 2022-23 805,125 516 0.06%
BSE 2022-23 326,006 33 0.01%
NSE 2021-22 896,851 445 0.05%
BSE 2021-22 270,382 50 0.02%
NSE 2020-21 564,034 491 0.09%
BSE 2020-21 108,657 12 0.01%
NSE 2019-20 377,123 332 0.09%
BSE 2019-20 107,202 60 0.06%

* 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 offers a variety of investment products such as Intelligent Advisory Portfolios, ready-made expert-curated baskets of stocks, smallcases, insurance, bonds, etc. Below are some of the investment products offered by Motilal Oswal:

  • Intelligent Advisory Portfolios (IAPs):

IAPs are a broad range of pre-packaged equity portfolios advised by registered investment advisors (RIAs) that are suitable for both active and passive investors. These portfolios are curated & monitored by RIAs and follow strict rules and parameters to manage the risk/return ratio of your investment.

To invest in Intelligent Advisory Portfolios by Motilal Oswal, please follow the steps below:

  1. Login to MO INVESTOR APP
  2. Go to Menu
  3. Select "INVESTMENT OFFERINGS"
  4. Click on Intelligent Advisory Portfolios
  5. Select an IAP that suits your needs
  • Motilal Oswal Smart Baskets:

Smart baskets are portfolios of stocks that are expertly curated to cater to the specific needs of investors. These baskets are meticulously designed by the MO research team, taking into account various factors such as sector, performance and long-term value generation. Each basket of stocks focuses on a specific theme, sector or investment strategy, providing investors with diversified exposure to stocks that align with their investment objectives. To invest in Smart Baskets with Motilal Oswal, follow the steps below:

  1. Login to MO INVESTOR APP
  2. Go to Menu
  3. Select "MO Research Advice"
  4. Click on "Basket"
  5. Select a Basket that suits your needs
  • Smallcases:

By opening an account with Motilal Oswal, investors can now invest in "smallcases", a curated portfolio of stocks that are intelligently designed and pooled based on a specific investment theme, strategy or sector. Motilal Oswal Smallcases are carefully constructed by in-house professionals who conduct in-depth research and analysis to select the stocks or ETFs they contain. Expert curated smallcases are built around a unique investment thesis, such as sector-based smallcases, thematic smallcases, or model-based smallcases. To invest in Smallcases with Motilal Oswal, follow the steps below:

  1. Login to MO INVESTOR APP
  2. Go to Menu
  3. Select "INVESTMENT OFFERINGS"
  4. Click on "MO EXCLUSIVE SMALLCASE" or "ALL SMALLCASE"
  5. Select a Smallcase that suits your needs

Frequently Asked Questions

  1. 1. How to close Motilal Oswal account online?

    Motilal Oswal account cannot be closed online.

    Steps for closing your Motilal Oswal account offline are as follows:

    1. Download the account closure form.
    2. Fill the closure form with the required information and sign it.
    3. Send the form to their head office or physically submit it to the nearest branch.

    Points to note before initiating the account closure:

    • There should be no shares left in your account.
    • Clear outstanding dues, if any.
    • Square off F&O open positions, if any.

     

     

  2. 2. Is Motilal Oswal good?

    Motilal Oswal is a trusted brand in India. The company operates in the Indian stock market and is considered as one of the best stock brokers.

    Motilal Oswal offers a wide range of financial services to its clients, from various types of demat accounts to investments and trading in almost all securities available in the Indian market. Some of the key aspects related to Motilal Oswal are:

    • They have over 50 lakh clients
    • They have received over 100 awards for their work
    • Multiple online trading platforms
    • Investments in stocks, commodities, derivatives, currencies, mutual funds, IPO, gold, insurance, etc.
    • Intelligent, auto-completed SIP form with 1-click investments
    • Facilities like in-depth stock or system analysis and recommendations
    • All these factors make Motilal Oswal a reliable, efficient and versatile company offering numerous products and services under one roof.

     

     

  3. 3. Is Motilal Oswal a discount broker?

    Motilal Oswal is a full service stock brokerage firm operating in the Indian market since 1987.

    Discount brokers mainly provide buying and selling of financial assets at a cheaper price than full service brokers. However, discount brokers do not offer facilities such as personalised advice and research.

    Motilal Oswal offers research, recommendations, personal advice, scheme analysis, etc. in addition to buying and selling securities.

     

     

  4. 4. is Motilal Oswal a full-service broker?

    Yes, Motilal Oswal is a full-service brokerage firm. The company is headquartered in Mumbai and its operations are spread across the country.

     

     

  5. 5. What Motilal Oswal do?

    Motilal Oswal is a financial services company founded in 1987. The company is headquartered in Mumbai and offers its services nationwide through its branches in various states.

    Motilal Oswal offers a wide range of financial services such as asset management, brokerage and distribution, commodity trading, portfolio management, institutional equity, private equity and investment banking.

    The company offers various products and services and paves numerous opportunities for investors and traders.

    The company allows you to open demat and trading accounts, various trading platforms such as MO Investor App, MO Trater App and various calculators such as Brokerage Calculator, SIP calculator, etc.

    Financial services offered by Motilal Oswal include - Dedicated Advisory, SIP via Whatsapp, Portfolio Restructuring, 24*7 Chat Services, ICICI Bank Loan Services, etc.

     

     

  6. 6. How Motilal Oswal works?

    Motilal Oswal offers online desktop platforms and mobile applications for trading and investment. Customers can trade and invest in a variety of products such as Mutual Funds, PMS, Shares, Fixed Deposits, Bonds, NCDs, Insurance Products, IPOs, etc. and keep track of all their investments and related funds through these online platforms. The company also allows its customers to open a 2-in-1 account (Demat and Trading).

    Motilal Oswal has established offices in various states and cities from where the company's business is operated and managed. This is also beneficial for the customers as they can easily contact them if they have any queries.

     

     

  7. 7. How is Motilal Oswal?

    Motilal Oswal is a well-known stock brokerage firm that offers financial products and services. Some of the features of Motilal Oswal are:

    • Operating since 1987.
    • Listed on the BSE and NSE.
    • Offers investments in equities, derivatives, commodities, currencies, mutual funds, bonds, corporate fixed income, PMS, US equities, small cases.
    • Provides margin trading facilities.
    • Offers investments in IPO.
    • Multiple trading platforms.
    • Competitive brokerage fees.
    • Research, analysis and recommendations available

     

     

Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

547 Comments

547. vishwanath   I Like It. |Report Abuse|  Link|February 26, 2024 12:50:05 PMReply
Dont Open your account in MOSL, its a third class brokerage house.
546. PRADEEP   I Like It. |Report Abuse|  Link|February 26, 2024 12:47:30 PMReply
I traded under many brokers but never these type of cheap and shameless broker. Every broker grow when their client grows and stay supportive when client faces loss. In share market when I faced a huge loss that time they charged more than my loss amount. While asking they never solved the issue and no brokerage was refunded.

Loss amount : 10,000
Brokerage: 50,000


Please avoid this broker. its a third class brokerage company

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
545. SANTOSH   I Like It. |Report Abuse|  Link|February 26, 2024 12:43:49 PMReply
NOT LIKES ONLY DISLIKES OF MOSL

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
544. ANAND   I Like It. |Report Abuse|  Link|February 26, 2024 12:41:46 PMReply
They have got worst advisory and customer service. and they charge brokerage heavily

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
543. Vipan   I Like It. |Report Abuse|  Link|January 30, 2024 1:56:19 PMReply
Their advisor misguide the new comers in the market and also not tell properly how much brokerage they take

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
542. lilian   I Like It. |Report Abuse|  Link|January 12, 2024 6:14:49 AMReply
stop wasting your time and money also be careful i was scammed by a scam broker who always ask for more fee before i could make a withdraw from my account , which i did but still asking for more and it look so hilarious to me but i was so lucky to get my money back with the help of nick jover4 @ gm com , i was able to claim back all my funds including the bonus
541. Muskan bondare   I Like It. |Report Abuse|  Link|January 3, 2024 2:17:52 PMReply
This company is fraud.
Service is very worst.
Without any reason they directly deduct money from account.
Don't open your account in this company.
540. Not Smart   I Like It. |Report Abuse|  Link|January 1, 2024 4:44:45 PMReply
This Motilal surprisingly doesn't have an email or customer feed bank link I think. Pl correct me if I am wrong
539. Not Smart   I Like It. |Report Abuse|  Link|January 1, 2024 4:43:06 PMReply
I want to swith over to some other Broker due to pathetic service / response by Motilal oswal.
538. dana   I Like It. |Report Abuse|  Link|December 13, 2023 10:21:35 AMReply

This company makes it impossible to withdraw your money. I already terminated my business with them after An asset recovery team Againstcon.com tracked and recovered my money
537. Vinod   I Like It. |Report Abuse|  Link|December 6, 2023 12:03:02 PMReply
Zero customer service. No action even after repeated calls and followups

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
536. Ganesh S   I Like It. |Report Abuse|  Link|August 25, 2023 12:14:31 PMReply
Do not open account with them. First their charges are very high, then they says they are known for research and provided good calls and thus they says be a prime customer (forgot exact name) by depositing ₹10,000 which will be used in brokerage only. Then you will find that their research team are worst in the word even a newbei can make better calls. they made me loss approx ₹ 25,000 within one month by giving most of the time faltu (pure loss making) calls with higher brokerage (options). they make you loss in deliver, intraday everything. Though i am a newbei i am in profit ₹ 14,000 in one month for my own calls. better i have maintain a track of their and mine calls separately.
Lastly dont fall prey to MO loss making services limited.
536.1. Sathya   I Like It. |Report Abuse|  Link|November 1, 2023 11:06:28 PM
How to close Motilal Oswal demat account
535. GAJANAN   I Like It. |Report Abuse|  Link|October 28, 2023 12:35:33 PMReply
Worst company in India

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
534. શ્રીપાલ શાહ   I Like It. |Report Abuse|  Link|October 24, 2023 11:15:06 PMReply
મોતીલાલ ઓસવાલ માં account ખોલવું એટલે જિંદગી ની મોટા માં મોટી ભુલ. જો જો કોઈ છેતરતા નહી.
533. Saurabh   I Like It. |Report Abuse|  Link|October 24, 2023 9:49:38 PMReply
Do not go for motilal oswal if U want to trade in commodities.
They say they charge high brokerage because they give live markets calls.
Actually Im trying their calls from last 1 month & they just give fake calls in order loot the brokerage.
If U can read charts do go for angel one or zerodha whose brokerage charges are 60% less than motilal commodities.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
532. Suman Mukhopadhyay   I Like It. 1|Report Abuse|  Link|May 24, 2023 6:14:11 PMReply
Don’t Trust Motilal Oswal Financial Services Ltd MotilalOswalLtd They only bother about their brokerage Specially New Comers should be avoid this company because, presently they are working as cheat fund organisation. The advisors are most unprofessional .

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
532.1. Ravi Arora   I Like It. |Report Abuse|  Link|October 24, 2023 8:52:59 PM
Had a very bad experience with motilal Oswal mutual fund,when I phoned their helpline for redemption status was told not to phone on helpline but to send a mail to their customer care,, unfortunately the reply received to my mail was that the mail is not from my registered mail id ,, other'fund houses reply to mails instantly or give redemption status on their helpline,,,this fund house is not at all investor friendly,their care representatives lack customer friendly approach, never shall invest in this fund house
531. antarshakti   I Like It. |Report Abuse|  Link|July 2, 2023 2:33:09 PMReply
Motilal Oswal securities Ltd in Malad West is a den of frauds and cheaters. The advisors Dev Parekh, Akash Rai, Sabir Ansari etc and others are all cheaters and frauds. They will entice you will lucrative trade advises and immediately lose all your hard earned money in just a matter of few trades. The also charge high brokerages. They will not take any responsibilities and stop entertaining your follow ups. Their senior managers all whom you call will do nothing about your complaints. Customer care, greviences department will not respond to your emails or phone complaints. They keep targeting new account holders and defraud them till their accounts are empty. This company is a huge scamsters and government, SEBI, police, courts should take action against them and Blacklist them and arrest the frauds working in the company on behalf of their bosses. The media should expose their rackets. The public should be made aware these scam syndicate called Motilal Oswal and desist from falling into their traps.
531.1. Virendra Gandhi   I Like It. |Report Abuse|  Link|October 14, 2023 1:46:52 PM
Yes it's really true that they big fraud and cheaters. Just for their brokerage they trade on your account and for 1000 rs profit they charge you lot of brokerage. I have personally being victim of this and they have no answer for this. Please everyone be aware of this fraud company.
530. Zeny Bhanushali   I Like It. |Report Abuse|  Link|June 14, 2023 1:45:37 PMReply
Great Experience

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
530.1. Saptarshi Duari   I Like It. |Report Abuse|  Link|October 9, 2023 9:58:27 PM
PAID RATINGS by SOME ILL ADVISORS
529. Pulak Saha   I Like It. |Report Abuse|  Link|September 8, 2023 10:51:32 AMReply
I traded under many brokers but never these type of cheap and shameless broker. Every broker grow when their client grows and stay supportive when client faces loss. In share market when I faced a huge loss that time they charged more than my loss amount. While asking they never solved the issue and no brokerage was refunded.

Loss amount : 1.50 Lakh
Brokerage: 1.80 Lakh


Please avoid this broker.
529.1. Saptarshi Duari   I Like It. |Report Abuse|  Link|October 9, 2023 9:52:38 PM
Same experience here
528. Hitndar. B. Parmar   I Like It. |Report Abuse|  Link|September 9, 2023 8:40:38 PMReply



Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
528.1. Saptarshi Duari   I Like It. |Report Abuse|  Link|October 9, 2023 9:51:51 PM
PAID RATINGS by SOME ILL ADVISORS

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