Motilal Oswal is a brand in the stock market and it is one of the most reliable stockbrokers in the country.
This Motilal Oswal Review is a comprehensive review of the firm, all its services and products, trading terminals and other platforms, brokerage charges and other statutory charges, and many other details that you are looking for.
So, let us start with a brief history of the company and then let this article answer all your questions regarding the firm.
|Motilal Oswal Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Free (Rs 400 2nd year onward)|
|Margin Required||75% Margin|
|Intraday Brokerage||Rs 0 (Free for Lifetime)|
What do you know about Motilal Oswal?
Motilal Oswal was incorporated in the year 1987 which makes it a three decades old company serving the investors of the country in its way.
The firm was first started by Ramdeo Agarwal in the city of Mumbai where it has its headquarters now. The firm was registered as a public limited company and it provides all the investment services and products and is thus recognized as a full-service broker.
According to the Motilal Oswal Review by the customers and the investors, this firm is one of the top stock brokerage houses in the country catering to the needs of the investors in every possible way.
|About Motilal Oswal|
|Know a few details about Motilal Oswal|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of the Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Ramdeo Agarwal|
|When did the company start?||1987|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by Motilal Oswal?
The Motilal Oswal Demat Account is registered under the NSDL and CDSL, both the depository we have in our country of ours. The Motilal Oswal Account Opening is free that is you can open the Demat and the trading account for free.
The annual maintenance charges of the Demat account are either free or Rs. 400 depending on certain aspects. The firm charges no annual maintenance charges for the trading account and it is maintained for free.
The minimum margin money that you require to keep in the trading account is 75% Margin which is quite average as compared to the market. You also get the dematerialization option for your portfolio with Motilal Oswal.
|Motilal Oswal Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Motilal Oswal|
|Which is the Depository Participant involved?||NSDL & CDSL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat AMC?||Free (Rs 400 2nd year onward)|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Does Motilal Oswal provide any Offers to their Clients?
The Motilal Oswal Offers include free Demat and trading account which is the basic offers provided by most brokers. However, the firm has a lot more to offer to investors. It offers a wide range of discounts on the brokerage.
This is to reduce the brokerage charges on your trades which you can take benefit from and in turn increase your profit. Then there are offers related to the brokerage plans and you get the first brokerage waived off with the 1-month brokerage free offer.
If you are already overwhelmed then there is another offer to boost your income even more with just a little effort. If you have great connections who also want to invest and looking for a broker, refer Motilal Oswal and earn money as they have great referral offers.
|Motilal Oswal Offers|
|Here are the various offers provided by Motilal Oswal|
|Does the broker provide a Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||Yes|
|Is this broker offers a Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||Yes|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||Yes|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Motilal Oswal on various Segments?
Motilal Oswal Brokerage Charges are completely at par with the market. If you look at the table given above, it has all the brokerage charges according to the segments. So, if you compare the brokerages given above, you will see that the firm charges a single brokerage rate for equity intraday, currency futures, and equity futures which is Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading).
For the delivery trades, the rate is 0.20% which is also at par with the market for a brokerage house of the same stature. The options are traded for a brokerage of Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading).
|Motilal Oswal Brokerage Charges|
|Here you will find details of brokerage levied by Motilal Oswal on all segments|
|What are the Equity Delivery Charges?||0.20%|
|What are the Equity Intraday Charges?||Rs 0 (Free for Lifetime)|
|How much brokerage charged for Commodity Trading?||Futures: 0.02% | Options: Rs 200 Per Lot|
|What is the brokerage on Equity Futures?||Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading)|
|How much brokerage charged for Equity Options?||Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading)|
|What is the brokerage on Currency Futures?||Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading)|
|What is the brokerage on Currency Options?||Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading)|
|How much is the Minimum Brokerage requires?||Percentage of Transaction|
|What is the Demat AMC?||Free or Rs.400 per Annum (From 2nd year)|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||75% Margin|
Note – For FNO* Trading, Rs 0 Brokerage for 1st Month up to Rs. 1000 is charged.
Does Motilal Oswal levy any other charges apart from Brokerage?
There are some other Motilal Oswal Charges which are statutory. These charges are similar for each brokerage house.
The transaction charges vary from one broker to another by a little margin, say for this firm it is 0.00335% which is a little higher than other peers it has in the market. The other charges like STT or the SEBI turnover charges are the same as prescribed by the government as is the GST at the rate of 18%.
|Motilal Oswal Charges|
|Get a deep understanding of all other charges levied by Motilal Oswal|
|How much are the Transaction Charges levied?||0.00335% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|What are the SEBI Turnover charges?||0.00005% (₹5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Motilal Oswal?
Motilal Oswal Exposure is one of the highest exposure in the industry. For the intraday segment, it provides up to 5 times of exposure which is one of the highest in the market.
For the delivery and the futures segments, along with the commodity segment, the leverage is up to 1 time and that is also high as per the market average. Overall, the firm provides great leverage which helps the investors to earn trade and earn more.
|Motilal Oswal Exposure or Leverage|
|Here you will find the exposure or limit provided by Motilal Oswal|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
Open Demat Account Now – Fill up the Form Below
How to Open Motilal Oswal Demat & Trading Account?
To Open Motilal Oswal Demat Account you have to follow the steps mentioned below –
- Find the button in this article where it’s written “Open Demat Account” and click on the button
- A pop-up form will open where you have to enter all your details and then you will be redirected to another page once you correctly mentioned all the details
- On that next page, you will find a list of documents that you will require to upload
- You need to upload the scan copies of the mentioned documents
- Once you do that successfully, you will receive a call from the Motilal Oswal Executives and they will guide you through the remaining process
- Once all the verification is over, your account will be opened and you will get your login credentials
So, as you see it is very easy to open Motilal Oswal Trading Account with this article only.
What are the various Trading Platforms provided by Motilal Oswal?
The Motilal Oswal Trading Platforms are unique, highly advanced, and have an abundance of features.
Motilal Oswal Mobile App: MO Trader App
The mobile application of Motilal Oswal is fast, reliable, smooth, and flawless. It has all the required applications and features that you need for daily trading when you are not even in front of the terminal.
Motilal Oswal Trading Terminal
The superfast trading terminal offered by Motilal Oswal is taking the market by waves since its introduction. It has an infinite number of features and its highly advanced and superfast interface makes the life of day traders easier.
Motilal Oswal Web-based Platform: MO Trader Web
This is a web-browser-based application. It runs on different browsers and it has most of the features that are on the terminal. It is for those who are looking for a browser-based trading platform that can be used anywhere anytime.
|Motilal Oswal Trading Platforms|
|Here you will find all the important trading platforms available with Motilal Oswal|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platforms?||Yes|
|Do they have a Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Motilal Oswal Trading Applications?
Motilal Oswal Mobile Trading App – MO Trader App Features
- This is used on a smartphone or tab and you can use it wherever you go
- Real-time information is readily available on this application
- It is pretty much faster than other mobile-based applications for trading
- You get an advanced charting facility on your mobile screen
- You can add different watch-list with different assets and keep an eye on them
- Trade as fast as you can with the mobile application of Motilal Oswal
- This application offered transaction funds across sixty different banks in the country. You get the funds in minutes and transfer them as well in seconds.
- As the customer reviews, the application is safe and secure.
Trading Terminal Motilal Oswal Features
- The first feature of this terminal is superfast – as quick as you cannot even believe and your trades are placed and executed. It captures real-time prices and does not wait for the price to fluctuate from the time of placing the order
- You can use it on a desktop/laptop
- Each second the terminal gets refreshed, so you see all the real-time prices
- Plenty of technical and analytical tools
- All research reports, stock recommendations, and tips are available on this platform
- You can get more than thirty thousand incredible reports
- Trade guide signals are also there to build ideas regarding buying and selling and that is auto=generated
- Your computer needs a good configuration for using this software as it is loaded with features
Motilal Oswal Web Trading Platform – MO Trader Web Features
- Motilal Oswal Trade is the browser-based trading platform of Motilal Oswal. It can be used on various browsers and it needs s internet connection
- You can check all your account details in seconds – it will show cash and share balance, positions, portfolio performance of a certain period, order status, and other details
Advanced and real-time charts are available on this platform for your use
- You can trade mutual funds and forex using this platform
- There are a variety of order types and those orders can be placed within a blink of an eye
- Market data and real-time updates and data are available on the platform
- You get all the information like high-performing stocks of the data, lowest and worst-performing ones, important events in the market, and others.
|Motilal Oswal Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a Multi-Account Management solution?||Yes|
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What are the various Products provided by Motilal Oswal?
The vast range of Motilal Oswal Products enable investors to find the right product for their investment goals and you can find all the investment instrument within this firm.
Except for the banking products and insurance, the firm offers all kinds of financial products ranging from equities to forex and everything that investors trade in the market whether it is Mutual funds or currencies, or commodities. So, it is like a one-stop shop for your investment needs.
|Motilal Oswal Products|
|Here are the various products provided by Motilal Oswal|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||Yes|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Motilal Oswal?
The list of Motilal Oswal Services is never-ending and comprises all the services that are required by investors for a fruitful and smooth investment experience. The services listed above are all offered by the firm whether it is the basic services or high-end portfolio management services.
The firm has all kinds of infrastructure for offering all these services. They provide stock recommendations for the investors which are spot on most of the time apart from their detailed research reports for the investment opportunities that they provide to the clients.
|Motilal Oswal Services|
|Check out the various services provided by Motilal Oswal|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Motilal Oswal provide Research & Advisory to their clients?
Motilal Oswal Research department is one of the most eminent and prudent financial professionals who are dedicated to researching stocks and other financial instruments and offering the best possible opportunities to investors.
The Motilal Oswal Advisory services include the best of the advisors and they provide both offline and online advisory services. They also have relationship management services for clients. The research analysts share various Motilal Oswal Tips on daily stocks, high-performing instruments, and market participants so that the investors can be benefitted.
|Motilal Oswal Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Motilal Oswal?
Motilal Oswal Customer Care executives are available for investors round the clock. They offer offline and online trading solutions and solve issues regarding both. They also have dedicated dealer services. You can reach the customer care executives by dialing 18002006626. They also help via chat support on trading terminals and other platforms.
|Motilal Oswal Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||1800 200 6626|
|How many Branches the stock broker has?||85|
Are there any Complaints filed against Motilal Oswal by their clients?
The customer care service and the management of Motilal Oswal are prudent and dedicated to the clients and it can be proved by the number of Motilal Oswal Complaints that get resolved within a few days.
The number of complaints that got registered and got resolved is mentioned in the above table as you can see and you can understand how well the management and the executives resolve the same.
|Motilal Oswal Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||178|
|How many of these complaints have been Resolved in BSE?||165|
|What is the total number of Complaints Lodged in NSE?||145|
|How many of these complaints have been Resolved in NSE?||130|
What are the Advantages / Benefits of Motilal Oswal Trading Account?
The most important benefits of trading with Motilal Oswal Trading Account are –
- They have a wide range of products and services. You get ample of them to choose from according to your investment goal
- You can just keep 75% Margin as margin which is a comparably smaller amount than other peers in the market
- You get advanced technology-based trading platforms
- The research and analysis services of Motilal Oswal are one of the best in the industry
- They offer exponentially high exposure
- Free Demat and trading accounts – low and free annual maintenance
- Average brokerage charges
What are the Motilal Oswal Review & Ratings as per their Customer?
The Motilal Oswal Ratings and Motilal Oswal Review by the clients suggest that the firm has one of the best research and advisory facilities and services. 9 out of 10 ratings for this segment are incredible. However, the other segments rated by them show little dissatisfaction but it can be improved over time.
|Motilal Oswal Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||9.0/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||6.7/10|
|Types of Products & Services the Brand provides||6.4/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||5.8/10|
|Experience in the Broking Business||6.7/10|
|Total Avg. Rating of Broking House||6.9/10|
|Star Rating of given to Stock Broker||★★★★☆|
|Number of People Contributed to these Ratings||398|
Motilal Oswal Conclusion
The stock market giant Motilal Oswal is not new in the market, they know what to offer and when to offer and thus they are one of the most preferred stock brokerage houses in the country. If you are keen to open an account with Motilal Oswal after going through the above Motilal Oswal Review, you can find the link in the article.
Open Demat Account Now – Fill up the Form Below