Motilal Oswal Review 2023

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Motilal Oswal Brokerage Plan, Fees and Charges

Motilal Oswal has a percentage-based brokerage plan that charges a fixed percentage of brokerage fees on trading in different segments. Honestly speaking, MO charges high brokerage fee than top full-service brokers like Kotak Securities Trade Free Plan and ICICI Direct NEO flat brokerage plan. But the only considerable point for opening a Demat account in Motilal Oswal is free access to the broker’s research reports, stock market trading tips, and recommendations.

The full-service stockbroker charges a 0.02% fee on equity intraday and futures trading, 0.20% on delivery trading, equity, and currency options trading is charged at a fixed Rs 20 per lot, and commodity options trading is charged at Rs 200 per lot.

Motilal Oswal Brokerage Plan 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	5paisa	Zerodha	Upstox	Paytm Money
Service Type	Full Service Broker	Discount Broker	Discount Broker	Discount Broker	Discount Broker
Brokerage Range	0.02 to 0.20%	Rs 20	Rs 20	Rs 20	Rs 15
Account Type	2 in 1	2 in 1	3 in 1	3 in 1	2 in 1
Equity Delivery	0.20%	Flat Fee Rs 20	Free	2.5% or Rs 20 whichever is lower	2.5% or Rs 15 whichever is lower
Equity Intraday	0.02%	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.05% or Rs 15 whichever is lower
Equity Futures	0.02%	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.02% or Rs 15 whichever is lower
Equity Options	Rs 20 per lot	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 15 per order
Commodity	Futures: 0.02%| Options: Rs 200 Per Lot	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Currency Futures	Rs 20 per lot	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	NA
Currency Options	Rs 20 per lot	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Rating

Type of Account offered by Motilal Oswal

The full-service broking firm facilitates Indian residents and foreign national (NRI) clients to invest in the Indian stock market. Check out the types of accounts offered by Motilal Oswal as follows;

Motilal Oswal Demat and Trading Account

Open a 2-in-1 account means a Demat and trading account with Motilal Oswal, and start trading in stocks, derivatives, commodities, and currencies segments. Having a Demat Account in Motilal serves you the following benefits;

• Trade and invest across multiple asset classes.
• 5000+ stocks are available on MO Trader and MO Investor App.
• Free 1^st month brokerage benefit.
• Zero Demat AMC for Lifetime.
• Secure fund transfer.
• Expert-curated stock investment ideas and research.
• Personal advisory services with Intelligent Advisory Portfolios (IAP).
• Invest in IPOs and mutual funds for free.

Motilal Oswal facilitates free account opening at nil account opening charges and also 1st-year demat maintenance fee is zero.

Motilal Oswal Global Investment Account

Motilal Oswal allows investment in US equities by opening a global investment account. You can invest in the companies listed on the US stocks such as CocoCola, Uber, Amazon, Facebook, PayPal, Nike, and others. There is no minimum balance required in the global account and also no AMC is charged.

Motilal Oswal NRI Account

Are you a Non-resident Indian (NRI) and looking to invest in Indian stocks? If yes, open Motilal Oswal NRI’s two-in-one account that combines NRI trading and NRI Demat Account. Before opening, you must have an NRE or NRO bank account as well as Portfolio Investment Scheme (PIS) scheme letter.

The full-service broking firm has collaborated with HDFC Bank for NRI bank account opening. NRI customers can invest in stocks (Delivery trade), equity derivatives, IPOs, mutual funds, PMS, and fixed income products.

How to open Motilal Oswal Account online?

Motilal Oswal claims to be India’s first broker to offer a 100% paperless account opening procedure that allows customers to open an online trading cum demat account in not more than 15 minutes. The account opening journey is kept simple, instant, and superfast so that you can start trading in just a few minutes.

Steps to open Motilal Oswal Demat & Trading Account;

1. Go to the website, and click on the “Open Demat Account” tab on the top right side.
2. Enter your name and mobile number.
3. Enter a 4-digit OTP sent to your mobile number.
4. Sign up with your email ID and verify it with OTP.
5. Provide personal info like marital status, qualification, occupation, income, and experience.
6. Verify KYC with PAN card number, date of birth (DOB) as per PAN, and upload PAN.
7. Complete the e-KYC process by uploading all the documents like aadhaar card, bank details, etc.
8. Verify details and e-sign your account opening form with aadhaar-OTP.
9. That’s all! Once the documents are verified, you can start trading on BSE, NSE, and MCX.
10. You will get a Demat Account number/ unique client ID on your registered email address.

Motilal Oswal Mobile App and Trading Platforms

Motilal Oswal offers robust modern-technology online stock market trading platforms across all devices. It has a dedicated mobile app for active traders and investors, and a desktop trading terminal. Let’s have a quick review of the Motilal Oswal trading platforms;

Motilal Oswal Trader Mobile App

MO Trader app is a best-of-its-kind online stock trading app that functions extremely fast with 1 second refresh time when you place buy and sell orders. Multiple personalized watchlists, detailed stock analysis, 29+ technical scanners, advanced charting tools, future & options analytics, real-time stock market performance, order slicing, price alert & news are the top features.

Enjoy the powerful trading experience with the fastest trading app specially designed for passionate traders. MO Trader app is compatible across the web and Android & iOS mobile app devices.

Motilal Oswal Investor Mobile App

MO Investor app allows trading & investing in stocks, mutual funds, and other investment products. Easy on-boarding process, multi-asset watchlist, trade or invest in 5000+ stocks, stock SIP, apply for IPOs online, mutual funds investment, expert research on 250+ stocks, and AI-powered investment advisory are the features that make it the best share market app in India.

Motilal Oswal Desktop Trading Terminal

The full-service broker has a full-fledged installable desktop trading terminal for high-frequency active traders. The superfast desktop software is feature-loaded such as multiple watchlists, next-gen advanced charting, 50+ technical indicators, F&O analytics, news analytics, portfolio health check-up, access to the trading calls & research, and quick order execution with a 1-second refresh, and short-cut keys.

For detail review of mobile app and download please visit Motilal Oswal Trading Platform Review.

Motilal Oswal Trading Pros

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

• Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
• Free Demat and trading account opening.
• Zero maintenance fee for 1st year.
• Free mobile app for traders (Trader App) and investors (Investor App).
• Invest in mutual funds and IPOs for free.
• Free research reports & recommendations.
• Safe & secure fund transfer with 39+ banks.
• Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
• Margin trading and margin against shares
• Free call & trade service.
• EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Motilal Oswal Trading Cons

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

• High brokerage charges
• Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
• You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
• It only provides regular mutual fund schemes.

Motilal Oswal Customer Care info

Thanks to good customer support! Yes, Motilal Oswal being a full-service stockbroker maintains a strong customer connection across all communication touch points whether it is online or offline.

It has a dedicated account opening service desk (helpline number and email) to resolve your account opening-related problems while the customer support desk resolves every kind of client query. It further extends customer care via a personalized advisor for each client.

Apart from this, you can also seek offline branch support at any of Motilal Oswal branches, sub-broker offices, and franchisees spread across 500+ locations all over the country. The company maintains an acceptable turnaround time for every query resolution.

• Motilal Oswal Account Opening Helpline: 022 40548383
• Motilal Oswal Account Opening E-mail: [email protected]

• Motilal Oswal Customer Care Phone Number: 022 40548000/022 67490600
• Motilal Oswal Customer Support Email: [email protected]
• Motilal Oswal Knowledge Center: https://edumo.motilaloswal.com/

Final thought about Motilal Oswal

Motilal Oswal has completed a successful journey of 30+ years in the broking space that itself speaks about its strong foundation. Its strength lies in its best expert research & advisory, portfolio management services, great customer services, and dedicated platforms for trading and investment.

Regardless of whether you are a trader or an investor, open a Motilal Oswal Demat & Trading account now and get the best stock investment ideas and advisory. However, if you are a beginner and looking for the lowest brokerage trading account, Motilal Oswal is not a recommended broker rather you can consider opening discount brokers like Zerodha, Upstox, and ProStocks.

Motilal Oswal Securities Ltd User Reviews