Motilal Oswal Review 2019

Rated 4/5 by Top Share Brokers Team
Motilal Oswal Securities Ltd Review

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    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.

Review Summary

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.

Motilal Oswal Key Highlights

  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.

Benefits

  • 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.
  • Considerations

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

    Special Offer

    Free Demat and Trading Account and Rs 2000 joing bonus.Sign up now.

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Motilal Oswal Investment Options Compare

Here we are comparing Motilal Oswal with its 5 close competitors on investment options.

Broker Motilal Oswal Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Motilal Oswal Brokerage Plans

Brokerage and Commission Rated 3/5

    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 with closest competitors

Here we are comparing Motilal Oswal with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Motilal Oswal Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to .5% 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 70 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 70 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Motilal Oswal Brokerage Calculator


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Motilal Oswal Trading Platform

Trading Platforms Rated 4.5/5

    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 Trading Platform Review.

Motilal Oswal Trading Platform Compare

Here we are comparing Motilal Oswal with its 5 close competitors on Trading Platform.

Broker Motilal Oswal Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes 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 start trading, leave your contact information with us and we will guide you.

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Motilal Oswal Securities Ltd User Reviews

avatar
24. devendra May 16, 2019 3:55:14 PM IST Reply
Motilal Oswal Securities Ltd is the worst brokerage firm.Very poor advisory service.I had lost almost 40-50 % in last 4 months 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 MOSL to anyone.
PZ5950

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
23. devendra May 16, 2019 3:24:11 PM IST Reply
Brokerage - Very high.
Customer Service -- always busy
Overall Experience -- very bad.
Don''t open the account with Motilal Oswal Securities Ltd. at any cost.
Very bad accuracy (10% correct)
They earn the brokerage by asking you to use more & more margin.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
22. Asif hussain Apr 10, 2019 10:21:40 PM IST Reply
What are the brokerage charges for equity cash or derivatives..
avatar
22.1. Vijay Jain Apr 11, 2019 9:00:27 AM IST
The base plan is 5 paisa for Intraday and 50 paisa for Delivery, This can be low depends on your volume.
avatar
21. Neelambar Feb 25, 2019 3:03:53 PM IST Reply
very bad experience with motilal. their accuracy in research calls from equity, commodity and currency are around 20-30%. Dont open account in motilal. choose any discount broker.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Very Poor
avatar
21.1. Imran Ali Mar 12, 2019 6:41:54 AM IST
very bad experience all services is poor hidden charges very high ,
DHOKA! DHOKA !DHOKA !
avatar
20. Manoj Patil Aug 11, 2018 3:02:15 PM IST Reply
I am a customer of motilal oswal but more brokerage charges taken from me. I open d mat in Omotilal oswal for advisory support but very poor performance from advisor.
please dont open Dmat through Omotilal oswal

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
20.1. arun verma Jan 25, 2019 11:19:06 AM IST
8285318352 edelweiss broking for less brokerage and better services
avatar
19. Satish Jan 10, 2019 4:37:24 PM IST Reply
Want to connect with your office at patna, please provide your office address at Patna.
avatar
18. Pratibha Kotian Dec 27, 2018 7:35:15 AM IST Reply
Dp executive vacancy
avatar
17. Girija Sankar Panda Nov 19, 2018 7:23:05 PM IST Reply
I am one of your existing customers. Please inform on on your branch offices at Bhibaneswar.

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