Motilal Oswal Securities Ltd Review - A Full Service Broker India 2017


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Overall

Motilal Oswal is the well- established and big player in stock broker's field. From advisory services to research, active trading, customer service, ease of use and more, Motilal Oswal understands what it means to provide a high-quality offering. Motilal Oswal assets lies in its powerful Research and strong Tips and Recommendation.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Motilal Oswal?

  1. Dedicated and award winning research with daily, weekly, monthly & yearly reports.
  2. Award winning Equity Broker services with strong customer base, extensive presence with local branched across India.
  3. Investment advice service across equity, currency, commodity, Mutual Funds, Investment strategies planning, risk profiling.
  4. Single Sign-on, technical charts, fast & secure technologies.
  5. Financial Superstore with range of service and products.
  6. Free Call and Trade Service.
Special Offer: Free Account opening and Zero brokerage for first month.Sign up now.
LikesLikes

  • More than 1900 branches in 500 cities.
  • Award Winning Research and advice by highly skilled advisors.
  • Robust online platforms, app for smartphones and tablets.
  • Fund transfer facility from more than 60 banks.
DislikesDislikes

  • Inconsistent eMail/Online Support.
  • Hidden charges and catches in brokerage plans.
  • No brokerage plans available onsite.

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Motilal Oswal Review - 2017

Motilal Oswal Securities is a subsidiary of Motilal Oswal Financial Service Limited which is a diversified service firm offering a range of financial products and services such as Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Private Equity, Investment Banking, Commodity broking, currency broking, Principal Strategies and Home Finance.

The Best part of being with Motilal Oswal is to get benefit from its most in-depth research reports on more than 225 companies and 25 Indian Sectors.

Another positive factor of Motilal Oswal is that the firm has huge network of 1,900 local branch offices in over 500 cities within India, so you can take in person help on account opening and take advice for your investing needs.

Trusted by more than 8.5 lakh customers, the Broker has strong customer base with Rs 20,000 Cr. plus depository assets.

Motilal Oswal Securities is a Depository Participant of NSDL and CDSL. With them you can trade on multiple Stock Exchanges: BSE, NSE, NCDEX, MCX, MSEI.

Motilal Oswal call themselves as a 3 in 1 service provider. To avail this facility you have to have a online trading and demat account with them and a internet enabled bank account with either HDFC Bank, CITI Bank or ICICI Bank. Then only seamless execution of trades is possible since 3-in-1 account links your Trading, Demat and Bank Account. Other add-on features of broker are timely research reports, customer centric Risk Management System and real-time payouts.

On customer care Side, we found Motilal Oswal's customer care to be good but not award winning. The Broker claims to have dedicated customer service team with a 4-hour query resolution time. Email and phone support is there but nothing like any live chat or 24*7 customer support is seen on their website. Call and trade facility is available to all its customers for free.

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Motilal Oswal with closest competitors
Broker Motilal Oswal Zerodha ICICIDirect Sharekhan ProStocks
Service Type Full Service Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage .05 to .5% Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate Motilal Oswal Brokerage Calculator

Motilal Oswal Brokerage Charges - 2017

The Brokerage Plan of Motilal Oswal is customized to suit your needs and risk appetite. May be that's the reason why the Brokerage charges are not disclosed anywhere on the website.

The Broker offers two plans which they name as Value Pac Scheme and Margin Scheme. Let's talk about both the Schemes in detail.

Motilal Oswal's Value Pac Scheme : This plan works on the principle that you have to deposit the upfront fee for particular time frame to avail brokerage rates accordingly.

The upfront fee starts from Rs 2500 for one month to Rs 2500 or Rs 5000 for 3 months, 25,000 for 6 months or Rs 50,000 for 12 months.

What is the catch of this plan:- The brokerage charged till the expiry of scheme period shall be reversed subject to maximum of upfront fees charged to the client. Any brokerage generated over and above the upfront fees charged to the client will not be reversed.

In case client fails to generate brokerage equal to the scheme selected within the validity period, he shall be automatically shifted to default brokerage plan and will not be eligible for special brokerage of the scheme. The client shall be refunded brokerage generated during validity period.

In case post usage/expiry of value pack of value greater than 10,000 INR the customer will have to pay a minimum brokerage of Rs 3,000 /6 months to avail exe facility. In case of lesser brokerage client will be shifted to the web version and in case the brokerage is less than 1,500/6 months he will be shifted to static product.

The Brokerage for Equity Delivery for Rs 2500 a month is .25%. The brokerage is among the lowest in the industry but at the cost of paying the upfront money. The brokerage ranges from .30% to

.18%.

Brokerage for intra-day with Value Pac Scheme range from .03% to .015% for upfront fee as mentioned above which again falls in lower side as compared to other brokers.

Brokerage for Equity Future 1st and 2nd leg square off any other day ranges from .03% to .025% and 2nd leg if squared off same day ranges from .03% to .01%.

Brokerage for Equity Option ranges from Rs 70 to 50 which is average rate charged by most of the full service Brokers.

Brokerage for Currency Future and Option is flat Rs 20 for any amount of upfront fee.

The minimum Brokerage for Value Pac Scheme is 3 paisa to 1 paisa.

Motilal Oswal's Margin Scheme : In this scheme the client has to deposit certain amount of margin money that he can use for trading in derivatives. The Margin amount requirements are Rs 1000, Rs 10,000, Rs 25,000 or Rs 50,000. The pre-requisite requirement by the Broker for this Scheme is that there is Brokerage of Rs 20 per exchange per day should be generated otherwise difference will be levied as minimum contract charges.

Brokerage/Scheme Margin 1,000 Margin 10,000 Margin 25,000 Margin 50,000
Equity Delivery .30% .30% .25% .25%
Intraday 1st leg and 2nd leg .03% .03% .025% .025%
Future 1st leg and 2nd leg .03% .03% .025% .025%
Option 1st leg and 2nd leg Rs 100 Rs 75% Rs 75 Rs 50

The Brokerage in margin scheme looks attractive and cheaper but it is not that simpler as we think. The broker returns the amount upto Rs 500 as brokerage cashback if generated within 30 days of activation.

The account opening charges for trading account under both the schemes is free.

Demat Account is mandatory with Motilal Oswal. AMC for Demat account is free for 1st year.

The minimum Brokerage for Margin Scheme is Rs 20 (per day if any transaction is done) for Delivery and Intraday and 3 to 2 Paisa for future trade. This minimum brokerage which they charge is really dampening for small time investor/traders.

For complete brokerage charges and trading plans detail please visit Motilal Oswal Brokerage Charges.
Motilal Oswal Brokerage Charges - Value Pac Scheme
Brokerage Plan Value Pac Scheme
Flat Fee
Equity Delivery 0.50%
Equity Intraday 0.05%
Equity Futures 0.05%
Equity Options Rs.70 per Lot
Currency Futures 0.05%
Currency Options Rs.70 per Lot
Commodity 0.05%

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Motilal Oswal Web, Mobile app and Desktop base trading platform - 2017

Motilal Oswal offers clients access to their most powerful, fast & secure technology across all platforms: Motilaloswal.com (web-based) ,desktop-based and on Mobile Apps for tablets and Smartphones.

Desktop Based Platform : This is the downloadable trading terminal available for secure and super-fast trading with insight,action and review facility. The key features of this terminal are:

  1. Advance charting tools and tick by tick action watch.
  2. High speed feed ,multi-asset trading and execution even at low Band width.
  3. Multi asset watchlist, News and analysis tools.
  4. Solid research and advice across asset class.

Web Based Platfrom: Motilaloswal.com is the safe and secure web portal of the broker for trading with confidence with all the advanced features like single sign on, fast order execution, Access to Market Summary , multiple Watchlist, recommendations and so on

.

Mobile App based Platform : MOSLAPP is available to download on Android, Apple and Black Berry Smartphones and tablets. The app comes with all smart features like trading across all segments, multi-asset watch-list with real time quotes and advanced charts, recommendations and real time portfolio monitoring.

For detail review of mobile app and download please visit Motilal Oswal Mobile App.

Motilal Oswal Membership Information

  1. Motilal Oswal Securities NSE Membership:
    • Capital Market (CM) - INB231041238
    • Future & Options (F&O) - INF231041238
    • Currency Derivatives (CDS) - INE231041238
  2. Motilal Oswal Securities BSE Membership:
    • Capital Market (CM) - INB011041257
    • Future & Options (F&O) - INF011041257
    • Derivatives - INE011041257
  3. Motilal Oswal Securities Depository:
    • Depository Participant : CDSL: IN-DP-16-2015; NSDL: IN-DP-NSDL-152-2000;
  4. Motilal Oswal Securities Support Details:
    • url: www.motilaloswal.com
    • Toll Free Number/Contact Number : 91-22-62126600/91-22-39982515 / 67490600
    • Customer care Email:[email protected]
    • Grievances: [email protected]
    • Office Address:
      • Motilal Oswal Tower,
      • Rahimtullah Sayani Road,
      • Opposite Parel ST Depot,
      • Prabhadevi,
      • Mumbai-400025

Product and Services

3 in 1 Accounthelp
No
Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
Yes
Automated Trading help
No
AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
Yes
Combined Ledger for Equity and Commodityhelp
Yes
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
Yes
Bonds Investment help
Yes
Debt Investment help
Yes
Banking Service help
Yes
Insurance Service help
Yes
SIP Investment help
Yes

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
No
Stock Alerts Delivery - Text SMS help
Yes
Virtual Trading help
No
Watch-lists, streaming real-time quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
Yes
iPad App help
Yes
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
No
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
No
24/7 Support help
No

Research and Market Reports

Daily Market Report help
Yes
Free Tips help
Yes
Quarterly Results help
Yes
New Alerts help
Yes
Mutual Funds Research help
Yes
Research Equity Reports help
Yes
ETF Research help
Yes

Final thought about Motilal Oswal

For those seeking a quality research, professional planning for the future, and tips and recommendations, Motilal Oswal will not disappoint.

Also for investing in IPOs ,Motilal Oswal will be your best choice as they have facility to apply in IPOs online hassle free with online funds transfer facility for IPO account and modify and cancel bid and latest information and news on IPOs.

As far as Brokerage goes, Motilal Oswal may not be your best choice as even though the brokerage on paper looks attractive and cheaper but it comes with lots of terms and conditions that at the end the client feels his profit has cut down short.

The Brokers like this always generate brokerage whether you gain or suffer a loss. Nevertheless to say here that if more lower middle class people have to be invited to join the equity market, brokerage should be simplified without any hidden charges and clauses.

If you like what you have read and want to choose Motilal Oswal or any other broker, leave your contact information with us and we will guide you.

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Motilal Oswal Securities Ltd User Reviews

avatar
6. Unkoen  Jun 29, 2017 1:53:17 AM IST Reply
Motilal oswal company is a cheater company .do not go with them
avatar
6.1. v  Jul 2, 2017 1:05:59 AM IST
Not true
avatar
6.2. M Lal  Sep 11, 2017 8:36:40 AM IST
Motilal Oswal company is completely cheating. Only loss. Avoid them
avatar
5. Lakshmanan Iyer  Sep 5, 2017 1:52:09 PM IST Reply
The website is too cumbersome and not friendly. The query over website is never answered. At times, the website does not take orders and have to opt of App to do trades..

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
4. SHAILESH JAIN  Jul 9, 2017 3:44:17 AM IST Reply
MOST DISHONEST BROKER, NOT RELIABLE FOR ANYTHING, JUST SAYS MANAGMENT DECISION

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
3. uk  Jul 2, 2017 1:13:41 AM IST Reply
Good company to invest


Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
2. A.B THAKOR  Mar 27, 2017 10:20:20 PM IST Reply
i want open new account

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
avatar
1. A.B THAKOR  Mar 25, 2017 12:02:51 AM IST Reply
i want open demet account

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average

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