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Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2022


59.01% 896,851 Clients

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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.

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  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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 2022

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.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 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 value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Motilal Oswal Ratings

Overall Rating Rated 2.3 stars 2.3/5
Fees Rated 2.7 stars 2.7/5
Brokerage Rated 2.2 stars 2.2/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.5 stars 2.5/5
Research Capabilities Rated 2.4 stars 2.4/5

Based on 130 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 2022-23 930,588 86 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%
NSE 2018-19 322,121 187 0.06%
BSE 2018-19 93,959 30 0.03%
NSE 2017-18 307,647 160 0.05%

* 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

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.

     

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


480 Comments

480. Devender Singh   I Like It. | Report Abuse |   Link | Sep 24, 2022 11:47:15 AM Reply
Totally fraud and cheaters are working in this company, unka kaam sirf customer ka paisa cheenana hai aur kuch nahin.

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
479. Devender   I Like It. | Report Abuse |   Link | Sep 24, 2022 11:46:06 AM Reply
Sirf aur sirf ek kaam hai inka customer ne jitana paisa dala hai usey wapis nahin nikalne dena hai. Aap sure rahiye ki inke paas account start kar m jo paisa aapne dala hai wo paisa wapis kisi bhi keemat par mahin aayega. Fraud trade advisors, inki mobile app tab tak hangrl rahegi jab tak aapka trade account me rahega kyuk beeche me agar aap nikal gaye to inko loss ho kayega na, aur jab total loss ho jayega tab wo chalne lagegi.

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
478. Rakesh   I Like It. | Report Abuse |   Link | Sep 22, 2022 4:36:44 PM Reply
Please take my complaint against XYZ consultant of Motilal . I don’t want any salaried people fooled like me. I lost 152000 in one day, for that I have no idea only I given concent. Your advisors are planning gambles, I am not that type of investor. In three days I lost my full saving’s. Don’t do this please. First educate about derivative then play. It’s not video game. Thanks

ID E520201

Thanks
477. Akhilesh Kumar   I Like It. | Report Abuse |   Link | Sep 21, 2022 4:20:29 PM Reply
There are so many lacuna in the app system. App is not user friendly. Value+ and margin+ is not suitablefor working people. Stop loss is not working as expected. Charges is very high. Service is below the mark.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Average
476. Vijay   I Like It. | Report Abuse |   Link | Sep 18, 2022 11:23:18 PM Reply
Very common scenario in customers review, cheater research advisors have a single motive in this company i.e to cheat generate the brokerage as much as possible without having any concern with what P&L actually customer is struggling.
I am also withdrawing my account from Motilal this week as they have also blown up my account within a week.
Wise & honest suggestion to every potential customer not to get into the trap of Motilal Oswal l.

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
475. Sourabh   I Like It. | Report Abuse |   Link | Feb 8, 2022 4:03:36 PM Reply
With my hard earned savings I have deposited Rs 150000/- in my demate account which I have opened in Motilal Oswal, and picked some large cap equity stocks, I received one call from Shri Sourav Saha, and he introduced himself has Sr. Advisor who will look after my account, on the same conversation I told him that I am here for investing not for trading, but instead of advising me safer option he has advised me to participate in F&O intraday trade, I told him that I have no idea about F&O trading and all, I just want to buy some quality stocks for investing, I also told him that the current amount 150000/- may be required back so I don't want to take risk and stick with large cap equity stocks, but instead of advising me on picking up of good stocks he was repetitively saying to trade in F&O, the advisor repeated told that he can make profit of upto 1 lac on my current amount, the advisor shown me big dreams of making good profit in F&O quickly, I told him that I don't know ABCD of F&O i have zero idea of F&O even after instead of expelling me the risk and brokerage he was repeatedly saying he will make good profit for me. For the first instance i was not ready for F&O but after hearing him I thought if a Sr. Advisior of one of the repudiated compay is saying to to trade I agreed after that he sold my all the stocks on BTST, next day morning he called me and told that he will trade on behalf of me, in first trade there was 7000 negative he again called and given excuse that the stop lose trigred and he forced me to take participate in 2nd trade of the day, he also told me that he will recover me from loss, after hearing that I said ok, but in 2nd trade also there was another 11000 negative, till that time I was not aware of the charges of brokerage in F&O, on the same day I thought I will not participate further in F&O and invested my rest amount in earlier large cap stocks. Next day he again called me and asked me why I picked the stocks, he told me that we were planing something good for me in F&O again, at that time I clearly told that advisor the I don't want to participate in F&O I am already in loss, moreover I have no Idea about F&O, further he again started washing my brain and told me he can recover me from my all the losses again he sold my all the stocks and traded 3rd time with 30000/- loss, on the same afternoon one another advisor called me and told that Sr. Advisor Sourabh Saha has told him to do something for me for recovering from all the losses, he again traded 4th time with loss of 10000/- till that time i was not aware of the quantum of brokerage charges as it was not explained to me, on the same afternoon I called Mr. Sourabh Saha and asked what happened, he told me I am loss in around 90000/-, I am a middle class person If i get this type of loss you can understand my condition. My question is that the role of the advisor is to protect the money of the investor but in my case it was opposite, I have lost all my money in 2 days, by just brain washing of Advisor of one of the leading company. I know I will not get any refund of my loss my only request is to stop all this fake advisory. Strong action should be taken against the company and that advisor. After making 90000 loss that advisor has not called me back single time.
475.1. Soumya   I Like It. | Report Abuse |   Link | Sep 18, 2022 2:01:34 PM
Worst worst worts experience with Motilal Oswal,same incident happened with me forcibly traded me in F & O by advisor Akash Banik,even they are doing un authorised trading,however I had small fund deposited over there because I understood they are going to do some fraud with me and pressurise me to traded in F & O.
IT IS STRICTLY RECOMMENDED NOT TO OPEN ANY DEMAT IN MOTILAL OSWAL,THEY ARE SIMPLY CHEATER your fund is not safe here, advisors will not clear you the brokerage charges and you will not get any clear views if you are beginner.Do not take any risk here with hard earned money.
474. SATHIABHAMA RAJIV ASHAR   I Like It. | Report Abuse |   Link | Sep 13, 2022 7:36:24 PM Reply
I maintain account with Motialal Oswal securities Ltd through franchisee. I had obtained Delivery Instruction slip for transfer of share to HUF account as Gift. Broker insists me to put reason Transfer between specified family members. I had submitted circular of CDSL CDSL/OPS/DP/SYSTM/2021/569 dated December 15, 2021 which clearly state that for transfer of off market reason code should be gift. My husband has account with Zerodha and Sharekhan. He was able to transfer share in HUF account with reason code Gift. I inquired with franchisee and told them I had lodge grievance with escalation team of Motilal Oswal securites ltd and also emailed him all details 15 days have elapsed but no response from Broker either through email or phone call. When inquired with franchisee this people tell me that it is internal management decision. Made grievance with SEBI and CDSL. I fail to understand how they can have internal management instruction which is totally different with manual and circular of CDSL. Customer service number is totally fake. I tried to make phone 5 times with but phone rings for 15 minute and you are told that you are in que and suddenly phone disconnect. Even they don’t reply to email. Worst broker with no research capabilities and highest brokerage charge

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
473. Manohar M   I Like It. | Report Abuse |   Link | Sep 10, 2022 12:28:56 PM Reply
I have an account with Motilal Oswal since six months. I was quite happy in trading through long term investing. I also became a premium customer of TGS by paying additional of 25000 for one year, so that I could make better trading with the help of signals. But that didn't help me at all. As I was very new to the stock market tit took some time in understanding the concepts and go through the materials available on platform. As the time passed, I didn't earn any money even after eight months. Hence, thought to take an adviser to recover atleast some amount. But I believe that was the worst decision that took. Within two days I went under loss of 84000. At the cost of clients, they will get brokerage charges but we will not get anything. I tried to escalate to the management but of no use. As I'm from middle class family, I can't get more amount to pay on immediate basis. Now they are forcing me to sell my other stocks to repay the amount. This was not the expectation from the company. I will move all my stocks from this company to some other. I would request everyone to be aware of this non-sense company.
472. Damodare   I Like It. | Report Abuse |   Link | Aug 17, 2022 12:12:06 AM Reply
Very bad experience with Motilal Oswal..
Agent are freshers, they don't have any experience they are learning on our money
They don't bother we are in profit or loss they try to collect maximum brokarage from us.
No proper guidance from motilal
Every time fresher agent will call you.
Request don't open any account with Motilal
Though you open the account don't belive on agents call. Agents will try to do his maximum profit from brokarage amount.
May be they are getting commission on brokarage.
Very very bad experience with Motilal Oswal.




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
471. Rashmi Salian   I Like It. | Report Abuse |   Link | Feb 15, 2022 12:47:38 PM Reply
very bad customer services they dont even coordinate with client , finacial advisor is very bad , recent incident happen with us that we have fund of 25000 & finacial advisor has purchase share of rs 58000 for that we r facing losses & now we r calling our finacial advisor but she has kept the phone switch off no reply from motilal oswal team , so plz dont invest in this market it is waste of money
470. vava   I Like It. | Report Abuse |   Link | Aug 14, 2022 9:53:18 AM Reply
scamer many lady advaisary deptment or harasing lady
Otp puchre Otp 022 6212 6663 this number i cal. but otp puchre or glat badh karte. froud he motilal uswal.
many times cal motial uswal advaisary cal daily 10 cal yesterday advaisary dapatment lady OtP puchre or galt bat kartke geya wo i dont understand
469. Riya   I Like It. | Report Abuse |   Link | Aug 12, 2022 12:07:28 PM Reply
Motilal app shows wrong profit amounts in their PL reports which is causing problem to the customers. They are not even correcting it
468. Madhvi   I Like It. | Report Abuse |   Link | Aug 5, 2022 4:52:36 PM Reply
Top till tow they are cheaters trying to drop a curtain stating customers "About fake calls". they are experts sucking hard earn money of people no matter how carefully you trade with them. I will advise every one not to use any kind of MO services.

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
467. Madhvi   I Like It. | Report Abuse |   Link | Aug 5, 2022 4:44:57 PM Reply
**Please read it complete or skip-
Motilal Oswal is a cheat company, it is true! - SEBI said it several times and fortunately we are in India so we have to dela with it.
It not a big firm nor a financial company in fact they are kind of self building there TRPs using social media platform like we we better know a few more firms where content and services are like they should not exist but they are, again we are in India so we have to deal with it.

Some authentic references -
https://economictimes.indiatimes.com/markets/stocks/news/sebi-levies-rs-17-lakh-fine-on-motilal-oswal-financial-services/articleshow/74404294.cms

https://www.moneylife.in/article/wiped-out-by-motilal-oswal-an-aggrieved-small-investor-won-in-consumer-court-but-got-shafted-by-sebi/28666.html

https://economictimes.indiatimes.com/markets/stocks/news/sebi-imposes-rs-25-lakh-fine-on-motilal-oswal-financial-services/articleshow/91267661.cms

Long story short - If you got hard earn money, do not use Motilal Oswal at all for any thing, still you got money go for it and the day (that will come soon, with in a month or so) when you will have your account NIL, you will get some decent business ideas that you could use further in cheating people business in a fair way, of course if your conscious allows you.

If you have gone through the other reviews, they all are true stories, it is happening with 99% (I came through across) of customers, will not repeat same things here apart from a few missing points that you must know when you are dealing with them.

Mo Investor and Mo Trader App provided by them are fully customized as per the user, they will only show you want they want you to have a look, you have to enquire and play emails to get the details and most probably the day you will get all the details, it would be your final day :).

There advisors got great skills to fool you around and trade blindly based on brokerage margins, and trust me they would not have any knowledge about market. They are poor simple people like us doing there job to generate max benefit for their own company for there perks.

So Advisors are zero, next you would be provided smart automated financial service subscriptions (I.e. TGS ) that will cost you around 30k. And you will come to know about these service again on your final day and you will beat your head because you have invested 30k for a subscription and you are not going to get even a single penny out of it. Most of the services are non refundable. You will keep on fighting and you wont get any thing back because you have agreed upon all the things and T&Cs.

How i agreed upon so many things that I never knew ? Flood of emails that you can not read each, Flood of calls will make you feel like a lot many things are going on to make a grand profit for you, Advisors will call you in so hurry that if you will not buy any product right away it would be a great miss of a golden opportunity that could make your life, and unfortunately you loose that moment every time. You will share OTPs and confirmations with advisors trusting them and they are buying products from market that are going to generate some benefit for you but in actual they sold you Motilal Oswal services. They are smart enough and trust me how smart trader you are you will end up buying some expensive service out of which you won't get any thing. Initial small trade a decent profit now its time for a big blind trade and grand loss but they earned what they wanted to earn and this is your final day, you will end up writing a review like this.

MO knows it well, customers will not last longer than 1-2 months with them, (It is very natural, in 1-2 months you lure of money will come down and you will come to know about how to deal safe in stock market, so you would not agree to pay any thing apart from your account maintenance) so they will force you to invest as much as possible initially.

In last 29 years they got 3 Lacs to 5 lacs clients shows you how big and efficient they are. I last one year they jumped from 5 to 9 lacs client and every body knows why (Market is down and every body is ready to invest in market so it not only Motilal who gained the clients).

So do you still think they are champs??, yes they are but only in cheating business otherwise they are fake!!
466. Vewnit   I Like It. | Report Abuse |   Link | Aug 5, 2022 11:34:47 AM Reply
I have Opened my account with MOTILAL oswal. They have called me minimum 10 times a day which was useless. I have kep recieving calls why did I withdraw my amount of 5000 which I deposited earlier. I had to explain the reason. Now also they keep calling from different different numbers. Its really frustrating and unpleasant experience that I have decided to close my account.
465. sumanth   I Like It. | Report Abuse |   Link | Jul 27, 2022 3:03:12 AM Reply
very unprofessional people.don't trust in motilaal oswal...worst service provided

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
464. Mamata Nayak   I Like It. | Report Abuse |   Link | Jun 30, 2022 3:09:34 PM Reply
Third grade experience.the advisor call provided me reduced my fund balance to a half
463. Abhay Kumar   I Like It. | Report Abuse |   Link | Feb 18, 2022 9:51:37 PM Reply
Motilal Oswal is a cheater company they give you an advisor which is only for making profit for company not for clients. I lost my rs 40000 in two days trading. I said to my advisor that put a stop loss of 30 points but she purposely put at 60 points they don't listen to you. I have lost a hudge amount with them. Don't go with then use other brokers

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
463.1. Kalyan Kundu   I Like It. | Report Abuse |   Link | Jun 24, 2022 1:40:43 PM
Hi Abhay,
I have never seen such a Fraud and Chteating organization.
I surrendered to them that I didn't have much idea on this domain and I am completely trusting them on this.
They collected money by false promising and within a month, a negative balance message starts coming.
Communication completely blocked from their end.
After 4 months, I cam to know all my money has gone and 4k to be paid on top of this.
Did you get any solution on this?

Thanks!
462. Umesh   I Like It. | Report Abuse |   Link | Jun 24, 2022 10:47:55 AM Reply
Fake trading calls, don't trust in motilaal oswal
461. santhosh Kumar A.v   I Like It. | Report Abuse |   Link | Jun 17, 2022 10:29:12 PM Reply
They are cheaters. They had made lot of calls and convinced me that they have lot of top researchers and don't make any loss . I convinced and I have shared login details to them but with in two days i have lost Rs.85000/- ( My total investment was 1 Lakh). So please please don't trust these people

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