Motilal Oswal Review 2019

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

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Motilal Oswal Securities Limited (MOSL) is a subsidiary of Motilal Oswal Financial Service Limited which is a diversified financial services providing firm offering a range of 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 company has a stronghold in the financial market for the last 30 years driven by the philosophy of solid research and solid advice.

 MOSL offers a plethora of trading and investing avenues such as trading in equities, derivatives, currencies and commodities across multiple stock exchanges BSE, NSE, NCDEX, MCX, MSEI; investment in Mutual Fund, IPOs,  Fixed Deposits, Bonds, NCDs; Portfolio Management Services and Insurance. Motilal Oswal Securities is a Depository Participant of NSDL and CDSL. Motilal Oswal also provides a platform to buy, redeem and sell gold through their Gold accumulation plan (GAP) powered by MMTC-PAMP India Pvt. Ltd.

The broker offers the most in-depth research reports on more than 260 companies and 21 Indian sectors. Another positive factor of Motilal Oswal is that the firm has a huge network of 22,00 + 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. Motilal Oswal has a strong base of over 10, 00,000 happy customers with Rs 69, 561 cr plus depository assets.

Demat Account is mandatory with Motilal Oswal. AMC for Demat account is free for 1st year. Other add-on features of the broker are timely research reports, customer-centric Risk Management System and real-time payouts.

On customer care, we found Motilal Oswal to be good but not award-winning. The broker claims to have a dedicated customer service team with a 4-hour query resolution time. Email and phone support are 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 the 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 lie in its powerful research and strong tips and recommendations.


Benefits

  • Dedicated and award-winning research with daily, weekly, monthly & yearly reports.
  • Award-winning Equity Broker services with a strong customer base, extensive presence with local branches across India.
  • Investment advisory services across equity, currency, commodity, Mutual Funds.
  • Access to over 30,000 research reports across all asset classes.
  • Single sign-on, technical charts, fast & secure technologies.
  • Financial superstore with a range of services and products.
  • Free call and trade service.
  • Me-Gold - Digital Gold Investment.
  • MOAMC PMS services "Value Strategy " has consistently outperformed the benchmark form 13 years.
  • Instant and paperless account opening process.

Considerations

  • Inconsistent email / online support.
  • Hidden charges and catches in brokerage plans.
  • No brokerage plans available onsite.

Special Offer

Free Demat AMC (Client need to opts for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin).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 Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Motilal Oswal Account Opening Charges

      »»  Trading Account Opening Charges: Rs 600
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

Motilal Oswal Brokerage

Motilal Oswal offers three brokerage plans with the names- Default Plan, Value Pac Scheme and Margin Scheme.

Default Plan

The default brokerage is simple and quite competitive compared to other full-service brokers.

  • Equity Delivery - 5%
  • Equity Intraday - 0.05%
  • Equity Futures - 0.05%
  • Equity Options - Rs 100 per lot (both sides)
  • Commodity Futures - 0.05% (both sides)
  • Currency Futures & Options - Rs 20 per lot (both sides)

Motilal Oswal Value Pack Scheme

In this plan, the client needs to deposit upfront fees and avail the brokerage rates accordingly. The brokerage generated will be deducted from the upfront fee paid.

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

Equity Delivery

0.40% (min 2 p)

0.35% (min 2 p)

0.30% (min 2 p)

0.25% (min 1 p)

0.20% (min 1 p)

0.15% (min 1 p)

0.10% (min 1 p)

Equity Intraday (both sides)

0.040% (min 1 p)

0.035% (min 1 p)

0.030% (min 1 p)

0.025% (min 1 p)

0.020% (min 1 p)

0.015% (min 1 p)

0.010% (min 1 p)

Equity & Commodity Futures (both sides)

0.040% (min 1 p)

0.035% (min 1 p)

0.030% (min 1 p)

0.025% (min 1 p)

0.020% (min 1 p)

0.015% (min 1 p)

0.010% (min 1 p)

Equity Options (both sides)

₹50 per lot

₹45 per lot

₹40 per lot

₹30 per lot

₹25 per lot

₹25 per lot

₹20 per lot

Currency Options (both sides)

₹20 per lot

₹18 per lot

₹15 per lot

₹12 per lot

₹11 per lot

₹10 per lot

₹8 per lot

Motilal Oswal Margin Scheme

In this scheme, the client needs to keep margin money in his trading account and avail the brokerage charges accordingly. The trading account opening charges and AMC is zero under this scheme.

Scheme

Margin ₹25000 to ₹49999

Margin ₹50000 to ₹99999

Margin ₹100000 to ₹299999

Margin ₹300000 to ₹499999

Margin ₹500000

Equity Delivery

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 & Futures (Both sides)

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)

Equity Options

₹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

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 Rs 20
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

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Motilal Oswal Trading Platform and Tools

Trading Platforms Rated 4.5/5

    Motilal Oswal offers clients access to their most powerful, fast & secure technology across all platforms. Traders and investors can choose from terminal based, web or mobile app platforms.

    Desktop ( terminal-based trading software)

    This is the flagship feature-rich downloadable software of Motilal Oswal 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 bandwidth.
    3. Multi-asset watchlist, news and analysis tools.
    4. Solid research and advice across asset class.
    5. Integrated portfolio health check and review tools.
    6. Trade guide signals -New generation trend guiding tool to auto-generate buy/sell ideas
    7. Derivative Chains.

    Mo Investor ( Mutual Fund & Stock Investment Mobile App)

    This mobile app has all the advanced features to stay connected with the market and invest in all asset classes right from the comfort of the smartphone. The important features of the app are:

    • Comprehensive Portfolio Snapshot - for a single view of financial health.
    • Live share/stock market watch on NSE & BSE
    • Quote page with full information about the companies on NSE & BSE
    • Mutual Fund page with a snapshot of holdings, ongoing SIPs, and Maturing SIPs.
    • Target Investment Plan (TIP) - For planning, investing and tracking financial goals.
    • ACE (Advise on Combination of Equities) - offering Algo based investment strategy with an exclusive basket of growth-oriented stocks.
    • Robo Wealth - 24*7 wealth manager that provides with right asset allocation as per your identified risk profile
    • Optimized place order page for quick order placement & bulk order functionality to execute multiple orders in one go
    • MO genie - 24 x 7 chatbot for instant query resolution.

    MO Trader (Share Trading App for NSE & BSE)

    This is the advanced stock trading app from Motilal Oswal designed especially for active traders. The critical features of the app are:

    • My wallet - provides single view snapshot of orders, positions and limits
    • Get a uote page with complete information about the company searched by you on NSE & BSE.
    • Market screeners help you spot the trending stocks.
    • Algo based products like Trade guide signal, Option Writer, Option Decoder & ACE.
    • Execute multiple order from single click through bulk order functionality.
    • Real time charts with historical data.
    • Stock market tips and recommendations.
    • Research Reports, Alerts, News, Fund Transfer facility etc.

    Motilal Oswal Robo Advisory Products

    • Trade Guide Signal

      Works on rule-based trading strategies. It generates buy/sell trading ideas.

    • Option Writer

      Assists in deciding whether to write options or not. It detects the trends & helps in strike selection.

    • Option dCoder

      Helps in decoding option payoff at different price levels & volatility. It provides risk assessment and management through Greeks.

    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

Rated 4/5 by 53 users

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

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  lower-middle-class people have to be invited to join the equity market, the 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.

Last updated on 2019-10-17


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Motilal Oswal Securities Ltd User Reviews

avatar
24. Kalyan banerjee Sep 4, 2019 3:13:15 PM IST Reply
This to bring into your notice that Motilal Oswal is cheating . This is a fraud company. I invested Rs. 5000 to trade but they deducted 4600 and activated value packs and amc free services without giving full and proper information and I also told them before hand that I dont want any other service and want to make full use of the amount that I am investing. Dont fall in their trap because they are here to loot money and also they deduct money without clients permission. They think clients money is their own property and can anything with the money and they dont even bother to reply also.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
23. Kalyan banerjee Sep 4, 2019 3:11:42 PM IST Reply
This to bring into your notice that Motilal Oswal is cheating . This is a fraud company. I invested Rs. 5000 to trade but they deducted 4600 and activated value packs and amc free services without giving full and proper information and I also told them before hand that I dont want any other service and want to make full use of the amount that I am investing. Dont fall in their trap because they are here to loot money and also they deduct money without clients permission. They think clients money is their own property and can anything with the money and they dont even bother to reply also.
avatar
22. 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
21. 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
20. Asif hussain Apr 10, 2019 10:21:40 PM IST Reply
What are the brokerage charges for equity cash or derivatives..
avatar
20.1. 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
19. 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
19.1. 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
18. 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
18.1. arun verma Jan 25, 2019 11:19:06 AM IST
8285318352 edelweiss broking for less brokerage and better services
avatar
17. 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
16. Pratibha Kotian Dec 27, 2018 7:35:15 AM IST Reply
Dp executive vacancy
avatar
15. 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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