Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2021


49.56% 564,034 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 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 2.3 stars 2.3/5

Based on 110 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 2020-21 564,034 491 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%
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


413 Comments

Soni
413. Soni  May 7, 2021 13:20 I Like It. | Report Abuse Reply
i am trying to close my D mat account for the last couple of months. They are not closing and making excuses

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Gonuguntla Kirankumar
412. Gonuguntla Kirankumar  May 7, 2021 11:42 I Like It. | Report Abuse Reply
Excellent

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Dilip Krishna
411. Dilip Krishna  May 6, 2021 15:21 I Like It. | Report Abuse Reply
Excellent

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
SACHIN
410. SACHIN  May 6, 2021 14:38 I Like It. | Report Abuse Reply
THEY ARE MARKET MAKERS , PERSONALLY I FACE ISSUE 3 TIMES AND LOSE MONEY AROUND 15K WHEN YOU COMPLAINT THERE IS NO ONE WHICH PICKUPS YOUR CALL, WORST CUSTOMER CARE SERVICE. AVOID THIS TYPE OF BROKER EVEN AFTER PAYING HUGE BROKERAGE THEY ARE DOING WRONG ACTIVITIES.
Kavalkatte Ravi Rao
409. Kavalkatte Ravi Rao  Apr 28, 2021 21:32 I Like It. | Report Abuse Reply
Advisor is totally dishonest, brokerage charges are high, look into all my contract notes, they are unable to answer my queries, duck to my questions & never resolve my issues. Advisor is a slimmy character. Fed up with Motilal Oswal Mangalore.

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
shridhar
408. shridhar  Apr 28, 2021 18:26 I Like It. | Report Abuse Reply
way too high brokerage charges in intraday trading.. bad customer service as well.. below average tips(both equity intraday and delivery), excellent online terminal of orion lite.. charges for every trade is high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
Shaddy
407. Shaddy  Apr 27, 2021 17:43 I Like It. | Report Abuse Reply
Its got a good software and trading platform. I am sure other brokers too have the some what the same. But the brokerage is way tooooo High. I mean brokerage of 20 per lot per side and then the other taxes & gst makes you loose a lot of money, specially when you are trading in options amounting to almost 50 - 80 lots a week in this volatile market. Whereas with other brokers like Angel, alice blue, you end up saving a sustancial amount per week.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Below Average
Kaushik Mandal
406. Kaushik Mandal  Apr 18, 2021 19:08 I Like It. | Report Abuse Reply
Worst brokerage service. Post opening there is nobody to take care. Even money get transferred and dont get credited to your account for months. Also nobody to answer to your queries. Stay away from such Brokerage firms.
Daljit kaur
405. Daljit kaur  Aug 31, 2020 09:52 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.
Harsh Sharma
404. Harsh Sharma  Sep 5, 2020 10:05 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
Bhautik V Vaidya
403. Bhautik V Vaidya  Sep 22, 2020 00:17 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.
Prashant shelar
402. Prashant shelar  Sep 28, 2020 22:18 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
p s rawat
401. p s rawat  Oct 3, 2020 15:53 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
Bajjuri Venkatesh
400. Bajjuri Venkatesh  Nov 15, 2020 16:33 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
Prasanna kumar TC
399. Prasanna kumar TC  Nov 22, 2020 17:37 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.
Nik
399.1. Nik  Mar 19, 2021 10:03 I Like It. | Report Abuse
There is no point in complaining on a message board. DO SOMETHING ABOUT IT! Get on this website for information (www.prosperoco.com). They will help.
Madhav Taparia
398. Madhav Taparia  Nov 24, 2020 17:24 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
Nik
398.1. Nik  Mar 19, 2021 10:00 I Like It. | Report Abuse
There is no point in simply complaining on a message board. DO SOMETHING. Look at this website for information. www.prosperoco.com
pallavi tavate
397. pallavi tavate  Mar 16, 2021 17:45 I Like It. | Report Abuse Reply
MOSFL is really a wrost management systems , before 3 years i request to mo to shift account from your francies to ho nearby us because we are not getting service , after that mo executive ms. sheetal patil open new account from me with 50 k and afte rthat no any previous account service for close ... i have to pay unnecessary both AMC nd lost 50 k also due to very bad support ... now facing problem to close that no any one responses for that ..
VERY BAD POOR SERVICE AND WRONG COMMITMENT FROM mosl...

Now new manager ujawal jadhav not reply call and nothing.

so many email send for follwoup but no single call


P. Shah
396. P. Shah  Oct 12, 2020 20:55 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
Ajay jadhav
396.1. Ajay jadhav  Mar 11, 2021 09:58 I Like It. | Report Abuse
Band karo account 👍👍. I had around 20k loss
soman singh
395. soman singh  Oct 22, 2020 04:37 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
Ajay jadhav
395.1. Ajay jadhav  Mar 11, 2021 09:57 I Like It. | Report Abuse
Excetly 👍👍👍👍👍👍 very poor service
Amit Jain
394. Amit Jain  Feb 27, 2021 11:34 I Like It. | Report Abuse Reply
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

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