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Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2020


2.23% 385,535 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

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.

Motilal Oswal Trading Software

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 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 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 2.5 stars 2.5/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.4 stars 2.4/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.7 stars 2.7/5
Research Capabilities Rated 2.1 stars 2.1/5

Based on 94 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 2020-21 385,535 22
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
NSE 2015-16 165,844 116

* 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


364 Comments

Ankur
364. Ankur  May 23, 2020 09:23 I Like It. | I Don't Like It. | Report Abuse Reply
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
A TO Z
363. A TO Z  May 10, 2020 12:25 I Like It. | I Don't Like It. | Report Abuse Reply
N/A

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Average
S kumar
362. S kumar  May 7, 2020 23:29 I Like It. | I Don't Like It. | Report Abuse Reply
advisor handling of ur acct work as looters from you from 1st wk. They just show first few in minor profits then start creating losses in no time. DNT even allow these ppl to work on ur acct behalf, they do all to create losses but warn thru brkges at high lvl.i sufferd 50k loss in just 1wk.i halted using trdng. Pppl, it's my honest advice DNT even go near these guys. use discount brokrs only to see better results. Be alert n stay out as these loot you out in no time and you are all ur money vanish in no time

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
Mahesh gupta
361. Mahesh gupta  Apr 24, 2020 01:01 I Like It. | I Don't Like It. | Report Abuse Reply
When you open your account they told you bla bla promises for example best brokerage plan even they told differant brokerage but they charge different ,best technical support which never reply on your mail, advisor who always give excuse and say sir kindly send the mail on querry department they will clear our work is only advise and when you force to advisor make a call from senior then senior after a long time call you react like he is owner of company we customer are going to die for opening of account in motilal oswal, and even they dont charge you on turnover they charge you on every trade which cause you extra so dont be fool and dont open your account in motilal oswal they have only name but they dont have customer dealing as well as honesty they also charge you with technical software support false brokerage and when you complain to advisior or his senior he will give you excuse sir it can be correct by back office but when you call back office they dont reply even i send several email but they dont reply

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
Sohana Sen
360. Sohana Sen  Apr 22, 2020 14:44 I Like It. | I Don't Like It. | Report Abuse Reply
Disgusting team right from the higher management to the ground level. Unresponsive and no clear clarity. Advisors have no idea how to do trade. Turn around time is very high. They keep passing the buck from one to the other. Will never recommend to anyone.
PIYUSH KOTHARI
359. PIYUSH KOTHARI  Apr 13, 2020 22:01 I Like It. | I Don't Like It. | Report Abuse Reply
Worst service experience, unusual charges.

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
Rajesh Doot
358. Rajesh Doot  Mar 23, 2020 23:53 I Like It. | I Don't Like It. | Report Abuse Reply
Good service. Good customer support in jaipur.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Shabbir Bhinderwalla
357. Shabbir Bhinderwalla  Mar 13, 2020 12:11 I Like It. | I Don't Like It. | Report Abuse Reply
FIRST TIME ENTERING INTO INTRADAY MARKET WAS WRONG ADVISED.INITIAL INVESTMENT OF 26000\- WAS DROPPED DOWN WITH HEAVY LOSS OF 12000/- JUST IN 3 TRANSACTIONS IN A DAY.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Santosh Khedkar
356. Santosh Khedkar  Mar 3, 2020 16:47 I Like It. | I Don't Like It. | Report Abuse Reply
Very high brokerage and work for brokage only. Never think customer profit. Never got profit from research calls. Very bad experience got forever . Never forget.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
Shreya Sood
355. Shreya Sood  Feb 16, 2020 16:30 I Like It. | I Don't Like It. | Report Abuse Reply
Motilal Oswal was the worst service I have ever taken. I had a broker named Naved, who worked on my account 2 times in 1 entire year, he was AWOL most of the time for personal reasons without informing or transferring the account. It was a complete waste of money and time taking these services. I have still not been able to transfer the remaining funds back to my account. Please DO NOT WORK WITH MOTILAL OSWAL.

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
Raghvendra
354. Raghvendra  Feb 7, 2020 13:27 I Like It. | I Don't Like It. | Report Abuse Reply
Motilal Oswal Securities Ltd is the no 1 worst brokerage firm in India.
Very costly brooking firm without any reason.
I don't see a single positive reason to recommend to anyone.
Stay away from motilal oswal Securities.


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
Akshay Gupta
353. Akshay Gupta  Jan 28, 2020 18:09 I Like It. | I Don't Like It. | Report Abuse Reply
35paise ka buy tha oil 145 ce lot size 3399 mere balance cut kiya 1189 or trade galat buy krwa diya 4 rs se 145ce mere mae fund bhi nhi tha buy hi nhi hona chahiye thae bolte h fno margin nhi dete uske baad bhi 4rs se buy kr diya unhone 14000 ka trade or balnce sirf 5000 tha mera or balnce cut kiya 1189 according to 35paisa or baad me account minus me kar diya ....fraud krte hai ye log

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
indy wadz
352. indy wadz  Jan 15, 2020 17:18 I Like It. | I Don't Like It. | Report Abuse Reply
I was thinking of Switching to Motilal thank GOD I m saved I think Indiabulls is quite reasonable I m with them No concern about brokerage or transactions or fund Transfer in or out ,only I m concerned about research which is again very poor, so I don't follow them only thing is little bit of reputation and number of clients which is significantly less than Motilal!After KARVY issue I m little bit alert about them and want to switch to some tension free broker
Vijay
351. Vijay  Jan 13, 2020 14:30 I Like It. | I Don't Like It. | Report Abuse Reply
This is a Loot. This brokerage firm only believes in getting maximum trades and get their brokerage but never interested in client's profit. They always give calls late after the rally and trap the traders with their margins. Traders end up in a situation where they can not sell at loss and hence hold the investment by paying high interests. Finally end up losing both the capital and interest.
Worst service providers, they lure you to trade in options and ensure they get higher brokerage. After taking their paid service, i lost 25% of my capital even in this booming market. Worst ever brokerage house.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
RAJEEV NAYAN
350. RAJEEV NAYAN  Aug 27, 2019 12:51 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Motilal Oswal Securities Ltd is the worst brokerage firm.Very poor advisory service.I had lost almost 80/90 % in last 1year 10 Days only because of poor advisory.
All the calls provided them are so worst that it will happen in the reverse.
The staff work for there own earning (commission) & not for clients good.
I don't see a single reason to recommend you to anyone. Clint id EAOP11139
Suresh
350.1. Suresh  Jan 11, 2020 10:57 I Like It. | I Don't Like It. | Report Abuse
Agree, employees working for their own benifits
Snehlata Meshram
349. Snehlata Meshram  Dec 28, 2019 12:17 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Before depositng money they call you many times. After depositng they give you some profitable calls and then most of the calls are in loss leading to drainage of your fund. And then they stop you calling.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
MOFSL
349.1. MOFSL  Dec 30, 2019 14:41 I Like It. | I Don't Like It. | Report Abuse
Dear Ma'am, we request you to email us your concern with contact details at query@motilaloswal.com for us to assist.
Suresh
349.2. Suresh  Jan 11, 2020 10:56 I Like It. | I Don't Like It. | Report Abuse
Agree with your comments, very much unprofessionalism in services, mentioned query@motilaloswal.com costomer support is hopeless on complaints
Suresh
348. Suresh  Jan 11, 2020 10:53 I Like It. | I Don't Like It. | Report Abuse Reply
Very much pathetic/hopeless services from motilal, advisors and managers not qualified for trading calls research-they are only trained to get brokerages from costomers by cheating them. Incurred huge losses with motilal-without proper information they activated F&O and staarted trading calls without stop losses.
Very much hopeless and unprofessionalism in services
Prabhakar Roy
347. Prabhakar Roy  Jan 7, 2020 14:06 I Like It. | I Don't Like It. | Report Abuse Reply
I am facing problem with his service.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Prabhakar Roy
346. Prabhakar Roy  Jan 7, 2020 13:42 I Like It. | I Don't Like It. | Report Abuse Reply
Very bad service and they are cheating his client till customer money is zero.
RANAJIT RAY
345. RANAJIT RAY  Nov 11, 2019 23:09 I Like It. | I Don't Like It. | Report Abuse Reply
I first used their PMS.THEy sold all my blue chips and purchased penny stocks.
Thereby reducing the n e from 26lacs to 20, Lacs
Whereas if I kept those shares as it Is it would have increased to 36lacs by conservative estimate.
Thereafter I converted the PMS to normal demat.
Hereagain they coaxed me to a trade knowing fully well that they're taking the trade against the trend.thereby causing loss of 50000.
Thereafter also cajoled to take new trade to cover this loss which I declined.
Apart from that there is lot of nontransparent things are there.
Although I have mandate for nominee it had not been registered

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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