Check out Motilal Oswal Review here. Experience the power of intelligent investing with one of India’s oldest brokerage firms, Motilal Oswal.

From wealth creation to tech-driven solutions, Motilal Owal’s 35 years of excellent service are crucial to success.

Moreover, Motilal Oswal prides itself on nominal charges without compromising quality service.

Despite massive traffic of 9 lakh active clients on multiple platforms, the brokerage firm provides top-notch solutions.

Motilal Oswal Review is quite positive in the world of broking across offline to online operations.

Broker Type Full Service Broker
Active Clients 9 Lakh+
Account Opening Charges Free
AMC Rs.300 per Year (1st Year Free)
Delivery Charges 0.20% of Transaction Value
Intraday Charges 0.02% of Transaction Value

Motilal Oswal - Company Overview

Company Type

Public

Headquarters

Mumbai

Founder

Motilal Oswal, Raamdeo Agrawal

Establishment Year

1987

Why Trade or Invest with Motilal Oswal?

Whether you are new or seasonal, trading through Motilal Oswal is always a wise decision. You have 360° support as a beginner or expert. Here is why —

Excellent track record: With more than three decades, Motilal Oswal achieved an excellent reputation and trust from investors.

In addition, the sound quality of financial instruments and robust support make them more trustworthy.

Tech-driven solution: Despite being a three-decade-old company, Motilal Oswal is looking forward to advancing technology and tools.

The firm installs various digital tools across the whole life cycle of the transaction. It builds a seamless solution for users.

Research and key analytics: Strong research support with various analytics is a major tool for controlling and supporting traders’ decisions.

In addition, subscribers will get a transparent recommendation of Strong Buy, Hold, Sell. Thus, people with zero knowledge can join the capital market.

Competitive price: Motilal Oswal provides a free account with one year AMC at zero cost. Apart from this, traders have a wide range of financial products as per their pocket and understanding.

Motilal Oswal Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Zero

Equity Delivery

0.20% of Transaction Value

Equity Intraday

0.02% of Transaction Value

Equity Future

0.02% of Transaction Value

Equity Option

Rs.20 per Lot

Commodity Future

0.02% of Transaction Value

Commodity Option

Rs.20 per Lot

Currency Future

0.02% of Transaction Value

Currency Option

Rs.20 per Lot

From customizable plans to free accounts, Motilal Oswal has a comprehensive brokerage charge to cater to all sections. So, flexible offers make it a popular destination for investors.

At the entry level, you have ample opportunities with the free account and zero-cost AMC for one year ( after that, Rs.400/year).

For intraday and equity futures, the charge is 0.02%, lower than many rivals. Moreover, for Future and Options trading, the brokerage is free for one month of operation.

A price of Rs.20 per lot is charged for equity and currency options.


Motilal Oswal Calculator

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How to Open Motilal Oswal Demat Account?

A Demat account is necessary to invest in equity. Get a free Motilal Oswal Demat Account for free with four steps.

Firstly, fill out the Demat account form with basic details. Second, fill in the DoB, PAN, and bank details sections and receive the OTP. Then get verified to receive client ID.

Congratulations, you have joined the club of 5 million happy investors. Motilal Oswal encourages paper-free online demat accounts.

However, you can visit the brunch for assistance or check tutorial videos.

Types of Motilal Oswal App, Trading Platforms & Tools

Web Trading Platform

Trading Terminal

Available

Algo Trading Platform

Available

Foreign Stocks Trading Platform

Available

Basket Trading Platform

Available

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

Available

Bonds Investment Platform

Available

Motilal Oswal has a well-regarded App and other trading platforms. In addition, subscribers will get live analytics and recommendations. Some popular trading platforms are –

  • Apps in the Google play store and Apple Store
  • Webpage with a user-friendly interface for desktops and tablets.
  • Trading terminals support portfolio management
  • Algo trading platforms for automated trading experience
  • Buy and sell through a basket trading facility

Motilal Oswal App, Trading Platforms & Tools - Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

Yes

Global indices

Yes

Customised Recommendations

Yes

Stock tips

Yes

Interactive charts

Yes

Live market

Yes

Multi Profile Management

Yes

Robust & Secure Platform

Yes

The Mumbai-headquartered company provides multiple trading platforms and tools to empower their experience.

Motilal Oswal gets thousands of positive reviews on various trading platforms, including Apps and search engines. However, the company provides a wide range of platforms for traders.

MO Trader App

Android and Apple users get a hassle-free experience with Motilal Oswal’s trading apps.

With 5 million downloads and 4.1 reviews in the Android market, this App is considered one of the best trading apps in India.

Moreover, the App (or its device) is simple and short, and you can start trading even while traveling.

Some unique features are as follows.

  • Learning video ‘Edumo’ for newbies
  • Get market momentum on real-time data
  • Customised option in the watchlist
  • Get recommendations based on buying trend

Motilal Oswal Investor App

Made for active investors, the MO investor App promotes some unique facilities like in-depth technical analysis tools and live commentaries.

Moreover, it assists traders with quick loans, fast order placement, and many more. Here are some advantages of the App —

  • One view option to check your positions, and orders in a single screen
  • Save bulk order for future execution— place a bulk order with Power Trade
  • Get index view
  • Assistance from Option Brains
  • Make a quantitive strategy with Tedtron
  • Loan assistance for trading with DP Pledge

Motilal Oswal Web Trading Platform

Empower your trading potential with Motilal Oswal’s cutting-edge webpage. In addition, the web platform is desktop friendly as well as mobile-friendly.

Manage all tools and products more efficient way with these features

  • Experience fast reloading
  • Valuable insights from the research-building team
  • Detailed market summary and OHLC charts
  • 11 investment calculators to help investors
  • Comprehensive support for new traders
  • Advance charting tools with multiple watchlists
  • Check portfolio health with an expert’s opinion
  • The bug-free platform offers 40 chart indicators

Portfolio Restructuring Tool

It is a personalized system provided by Motilal Oswal — winner of the prestigious Zee Business Award for research.

Furthermore, it helps to reduce risk and boost traders’ confidence. So, some key features are —

  • Restructuring portfolio on recommendations
  • Insights of asset allocation and individual holdings
  • Automatic risk profile to reduce error

But by using this platform, you can make an informed decision. In addition, these platforms are powered by various automated tools.

It enhances your portfolio, reduces risk, and improves the overall outcomes of traders.

Motilal Oswal Offers

Free Account Opening

Yes

Free AMC

1st Year Free

Free Brokerage

No

Flat Brokerage

No

Flexible Brokerage Plans

Yes

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

No

Free Research Reports

Yes

Free Trading calls

Yes

Referral Offers

Upto Rs.500 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

Yes

Zero Brokerage for Loss Making Trades

No

The CNBC TV18 Financial Advisor award winner firm Motilal Oswal has lucrative offers for traders.

In addition, Motilal Oswal’s proposal includes an easy entry price for investors. In the maximum case, it’s either free or a fraction of the percentage.

  • You can invest in equity, derivatives, commodity, currency
  • Even they have an opinion on US equity, SIP, and Mutual Funds
  • Demat account is free, and AMC is also free for 1 yr
  • STT/ CTT and stamp charges are applicable
  • A flat charge of Rs.20 per order of equity and currency options

Motilal Oswal SWOT Analysis

SWOT Analysis is a very good tool before finalizing a broker. Check out the SWOT Analysis of Motilal Oswal here.

Strength

  • 69% of promoters holding company in the 9,000 cr company
  • Extensive range of financial instruments
  • Presence in 2000+ places in India
  • Top-notch services and research support.
  • Quick adoption of technology

Weakness

  • Mainly city-based operation— less focus on educated rural space and new cities
  • Showing mixed results in the last 5 Financial years
  • NPA has been a concern for the last few years

Opportunities

  • Huge scope as a wealth management firm and catering operations in towns
  • Adapt new innovations like Machine learning and AI for the best experience
  • Growing need of Indian markets for growth capital, growth in IPO

Threat

  • The intensity of competition is increasing; new domestic firms like Zerodha and Groww are a challenge.
  • Regulators’ policies and the global market is a major issues.
  • Open door for foreign-based brokerage firms

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Motilal Oswal Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

Yes

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

Yes

Govt. Bonds

Yes

Digital Gold

Yes

Motilal Oswal Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

Yes

Stock Recommendations

Yes

Trading Institution

No

Share Pledging

Yes

PMS or PCG

Yes

NRI Services

Yes

Motilal Oswal Research & Advisory

Fundamental Reports

Yes

Research Reports

Yes

Company Reports

Yes

Annual Reports

Yes

IPO Reports

Yes

Technical Reports

Yes

Stock Tips

Yes

Daily Top Stock Picks

Yes

Daily Market Review

Yes

Monthly Review

Yes

Weekly Review

Yes

Relationship Manager

Yes

Robo Advisory

No

Motilal Oswal Trading accounts provide research support and make ad campaigns’ Research 360′. So, it helps in financial literacy.

While opening a Motilal Oswal trading account, you get extensive support from research and expert recommendations.

  • Not only limited to subscribers, but the company has basic research assistance for all traders in the market through Research360.in
  • Automated tools and experts’ opinions power R&D sectors
  • Subscribers get more in-depth analysis reports, financial matrices, investment recommendations, and reports on different risk profiles
  • The research team provides model portfolios for a better understanding

Motilal Oswal Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

Though the margin depends on market trends, specific stock, and other external factors, Motilal Oswal’s margin has a trending view as follows.

  • In the case of equity delivery, traders can have a 1x margin ( depending on stocks)
  • Makeup to 5x in intraday trading
  • Margin Trading Facility can make 4x leverage on selected stocks
  • MOFL offers 1.3x for equity Future and Option intraday trade, same for commodity F&O
  • During Currency F&O trading, make 1x; a flat fee of Rs.20 is necessary on every order

Moreover, you can use 11 in-build margin calculators of MOFSL.

Motilal Oswal Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Motilal Oswal Review & Rating by Finec.in

Overall Rating

9.17 / 10

Customer Support

9.13 / 10

Technology

9.28 / 10

Charges

9.21 / 10

Products & Service

9.12 / 10

Experience

9.10 / 10

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Motilal Oswal Customer Support

Trading Support

Available, Free

Dedicated Dealer

Available, Free

Call Support

022-40548000, 022-67490600

Email Support

Whatsapp Support

8657075050

Website Support

Facebook Support

Twitter Support

Telegram Support

Branches / Offices

Available

Customer is king, and MOFL provides multiple channels for customer assistance. If you cannot go to 2000+ branch offices for personal assistance, there are some quick alternatives.

Traders can dial Motilal Oswal Customer Care Number 022-40548000, 022-67490600 (for assistance during office hours)

MOFL has also chat support on WhatsApp, number 8657075050.

Moreover, you can send the query email to [email protected] or take help from social media platforms like Facebook, Twitter, and Telegram.

For beginners, there are some tutorial videos on Youtube — that also focus on customer literacy.

Motilal Oswal Complaints & Feedback

Total Complaints Lodged

348

Total Complaints Resolved

298

% of Resolved Complaints

85.63%

Non Actionable Complaints

6

% of Non Actionable Complaints

1.72%

MOFSL has a dedicated team to solve the problems of traders. If you still have issues with them, you can file complaints in NSE, BSE, or SEBI.

However, Motilal Oswal has a low complaint rate in exchange offices.

In the financial year 2022-23, the firm saw only 33 reports(solved 31) in BSE out of 3,26,006 active clients.

The company had only 516 complaints (solved 460) in NSE in the same year out of 8,05,125 active clients.

The company has had the same reputation for the last five years of data of exchange bodies.


Motilal Oswal Charges

Motilal Oswal charges for brokerage service depends on various plans. However, the 35-year-old firm has easy and free entry for beginners.

Before investing, make sure that you have checked all fee structures, like transaction costs, exchange fees, and AMC fees.

Motilal Oswal has no hidden charges, and you can check the updated fee structures from the webpage or App.

  • Motilal Oswal Account Opening Charges are zero, and you have one year of free AMC
  • Get a free consultation with a personal advisor
  • 20 charge is a flat fee for the execution of each transaction
  • 02% is applicable for intraday charge
  • For delivery trading, the processing fee is 0.20%
  • STT charge is 0.1% for delivery trades and 0.025% for intraday trades
  • BSE transaction charges and NSE fluctuate between 0.002% to 0.05%.
  • The GST slab of 18% is tough to ignore.

Always check other fees like stamp charges and SEBI charges to make sure everything is understood. However, MOFL has no history of overpricing or hiding costs.

They always maintain the price integrity of their products. Visit the nearest branch for a better understanding.

Motilal Oswal Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Rs.300 per Year (1st Year Free)

Motilal Oswal STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.0625% on sell (on premium)

Commodity Future

0.01% on sell (Non-Agri)

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Motilal Oswal Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Motilal Oswal Transaction Charges

Equity Delivery

0.00340% (NSE) & As per Stock (BSE)

Equity Intraday

0.00340% (NSE) & As per Stock (BSE)

Equity Future

0.002% (NSE & BSE)

Equity Option

0.053% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00022% (BSE)

Currency Option

0.035% (NSE) & 0.001% (BSE)

Motilal Oswal Pledge Charges

Pledge Creation Charges

Rs.35 per Request or 0.02% of Value (whichever is higher)

Pledge Invocation Charges

Rs.35 per Request or 0.02% of Value (whichever is higher)

Interest on Margin Trading

0.05% per day

Motilal Oswal Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.25 per Scrip only on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Rs.100

Reactivation Charges

Rs.50

Dematerialisation Charges

Rs.50 per Certificate

Call & Trade Charges

Free


Motilal Oswal Review – Conclusion

Since 1987, Motilal Oswal and Raamdeo Agrawal’s dream company serving the nation with pride and adopted innovation with time.

As we see, MOFL has notable features and popular offerings. Moreover, the Motilal Oswal review system is more powerful offline than online.

It has worked on ‘word of mouth’ for decades after decades. So this is the reason the company has fewer ad campaigns.

Despite many new entries in the market, their research support, financial literacy programs, and open research database all help them to maintain their position.

Additionally, MOFL focuses on the financial literacy of traders. That’s why it divides the customer base into three parts (beginner, mid-level experts)and supports them with research data as per requirements.


FAQs on Motilal Oswal

Find out FAQs related to Motilal Oswal Review.

Is Motilal Oswal a Safe Broker?

Yes, Motilal Oswal Financial Service Limited operates 50 Lakh clients with 2,000+brabches. Company has excellent records of 35 yr journey.

Furthermore, Healthy financials and clearance from regulators are also advantages.

Is Motilal Oswal Good for Beginners?

Yes, the brokerage house has three segments of customer base, Beginners, Mid-level, and Experts. Beginners will get more financial literacy classes before starting.

They will recommend a suitable segment after a short test.

How many active clients does Motilal Oswal have?

With 9 Lakh active clients and 50 Lakh users, make the platform more popular— user-friendly platforms build this customer base.

Who is the Founder of Motilal Oswal?

Mr. Motilal Oswal and his friend Mr. Raamdeo Agrawal started the Billon dollar journey in 1987. Mr. Navin Agrawal is the current CEO.

Does Motilal Oswal provide Free Delivery Trading?

If you trade and hold for over one day, the equity delivery charge is 0.20%. However, intraday delivery fees are 0.02%.

What are Intraday Trading Charges in Motilal Oswal?

Intraday trading charges for equity are 0.02%. Apart from this STT charge of 0.025% is deducted while selling only. You can calculate brokerage charges from them in build calculators.

What are Motilal Oswal F&O Charges?

Future and Options trading charging flat Rs.20. However, as a beginner, you have the facility of free F&O trading up to 1,000 for the first month.

Does Motilal Oswal charge for Commodity Trading?

Motilal Oswal’s intraday charges for commodity trading are 0.02%. The brokerage for the commodity option is a flat fee of Rs.200. Commodity trading helps to make a basket of financial products — helps in risk management.

Does Motilal Oswal charge for Currency Trading?

Currency brokers can give you a lucrative margin of 1:100! The flat brokerage is Rs.20 per order.

Does Motilal Oswal provide research?

Yes, Motilal Oswal provides free access platform to all and an in-depth platform of research of account holders. You can expect automated charts, tools, and market insights from the research team.

Moreover, the group offers an organized portfolio for beginners. They have a special arrangement for beginners.

How to contact Motilal Oswal Customer Care?

You have multiple pipelines of communication.

  • Call the helpline number 022-40548000 or 022-67490600
  • Send mail to [email protected]
  • Start WhatsApp chat at the number 8657075050.

Thus, the solid customer base made a few complaints in exchange bodies.

How much is AMC in Motilal Oswal?

For beginners or new account holders, AMC is free for one year. After that Maintenance Charge is Rs.400. It is comparatively lower than the bank’s account charges.

What are Account Opening Fees in Motilal Oswal?

Motilal Oswal always encourages new investors, whether they have product knowledge or not. So, as expected, the account opening fee is zero, including zero brokerage for 1st month.

What are Pledge Creation Charges in Motilal Oswal?

Pledge creation provides additional liquidity and financial flexibility. Motilal Oswal brokerage is Rs.35 flat fee for each request.

How much are Pledge Invocation Fees in Motilal Oswal?

The pledge invocation fee of MOFL is also Rs.35 per request. However, there is no fee levied for failed transactions or pledge confirmation.

Does Motilal Oswal levy any Interest on Margin Trade Funding?

A fixed rate of 0.053% is applicable on the amount of MTF.

What are DP Charges in Motilal Oswal?

When you sell financial products in delivery trading, Motilal Oswal charges 0.075% or Rs.75 as a levy of DP.

Does Motilal Oswal levy any Account Closure Fees?

Fortunately, there is no charge for opening, and you can open it again without restriction.

What are Account Reactivation fees in Motilal Oswal?

Just make the KYC process and email the DP about account reactivation. Even you can have multiple accounts.

What are Call & Trade Charges in Motilal Oswal?

For Motilal Oswal clients Call & Trade Charges is free. However, verify the current rate from company personnel.


 

Customer ratings and reviews of Motilal Oswal

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