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Motilal Oswal brokerage review

Best Motilal Oswal Brokerage Review Online

Motilal Oswal is a financial firm which offers many financial Products and Features. Established in 1987 by Motilal Oswal and Ramdeo Agarwal and its Headquarters are in Mumbai, India. It is spread over 520+cities, 1,743+ Business locations operated by its business partners,740,000+ registered customers and team of 2100+ employees. Mr. Motilal Oswal is the Chairman and MD of this firm and awarded as Outstanding Institution Builder of the year in AIMA India.

Motilal Oswal offers Derivatives products and advisory services on BSE and NSE. The company provides services for wealth management, broking, equity and many more. It is 4 times winner of “Best Performing Equity Broker” by CNBC TV 18. This company exchanges Trades across BSE, NSE, NCDEX and MSEI. Customers can easily avail all the provided services by the company through branches and business partners all over the nation or they can also avail these services Online. The Motilal Oswal provides various trading platforms for its users such as Web Platform for the first time investors, Desktop Platform for those investors who wants a fast execution, Mobile Platform through which investors can directly trade from market on their phone. A very impressive feature of this platform is that you can easily modify or cancel the pending orders. It also offers Call and Trade facilities for the customers without charging any extra cost.

The Web base platform of Motilal Oswal “www.motilaloswal.com” is a very secure and safe portal of the brokers for trading and exploring the advanced features with confidence like single sign on, access to market, multiple watch lists and fast order execution. Motilal Oswal provided a step further in technology by offering The SmartWatch App which allows you incredible sets of features. It looks just like a watch a trader can wear this device o their hand and gets all the notifications about the trading market top losers and gainers. It helps you in checking margins both cash and commodities. It helps you being up-to-date by providing instant information on global indices.

Another phenomenal service offered by the Motilal Oswal is the Customer Support they provide full-service communication channels to their customers through E-mail, Phone, Offline Branches and Social Media. They also provide Depository Services by offering 2-in-1 account which includes an online trading account and a demat account.

Trading platforms

The Motilal Oswal Desktop Platform is a super fast execution for trades. It is user friendly and received very positive response from the customers. You can download the software from their website and can easily install and run on your desktop or laptop. This trading terminal is best known for its good speed but a little heavy as well. You can experience research reports and recommendations daily, weekly or monthly on this platform. It allows you to access 30,000 research reports. The only negative point of this software is that you need to make sure for a rich trading experience that your computer or laptop has a good enough configuration as this software is quite bulky.

Motilal Oswal provides the PMS (Portfolio Management Services) that offers management of your investments with regular reviews and professional risk management. They offers mainly three products Value strategy, Next Trillion Dollar Opportunity and India Opportunities Portfolio Strategies. It provides professional managers and a team of members to help you and let you enjoy services from large networks of branches all across the nation. It has a strong and active risk management and a portfolio rebalancing on regular basis. It gives you full freedom of switching from one strategy to another. They provide focused portfolio investment for their client and the clients can access to their portfolio 24*7 on the Motilal Oswal official website.

Motilal Oswal offers free Trading and Demat Account for customers without charging any brokerage fee for the First Month. But there are some accounts and brokerages which have some pricing fixed. For instance-     Stock Broker Charges

  1. Trading Account- INR 1000
  2. Trading Account AMC- NA
  3. Demat Account- NA
  4. Demat Account AMC- INR 400

Taxes  1.Securities Transaction Tax   Equity Intraday- 0.025%

Equity Delivery- 0.1%

Equity Futures- 0.01%

Equity Options-0.05%

  1. Currency Futures- NIL
  2. Currency Options- NIL
  3. Commodities- 0.01%
  4. SEBI charges- INR 15 per Crore
  5. Goods and Services Tax- 18%

Transaction Charges

Equity Delivery- NSE 0.00335% BSE 0.01%

Equity Intraday- NSE 0.00325% BSE 0.002%

Equity Futures- 0.002%  Equity Options- NSE 0.0511% BSE 0.002%

Currency Options- 0.042%

Currency Futures- 0.00125%

Commodity- MCX 0.0025%

Trading Brokerage Charges : It includes two accounts Value Pac and Margin

  1. Value pac Delivery Trades- 0.25% to 0.18%  Intra-Day Trades- 0.03% to 0.015%  Future Trades- 0.03% to 0.025%  Options Trades- INR 60 to INR 50 (per contract)
  2. Margin Delivery Trades- 0.30% to 0.25%  Intra-day Trades- 0.03% to 0.025%  Future Trades- 0.03% to 0.025%  Options Trades- INR 100 to INR 50 (per contract)

Value Pac- It is a type of upfront subscription scheme for discount in brokerage rates. It is restricted with a definite time period. You can choose your suitable pac on the basis of brokerage rates and time period and enjoy the benefits. The minimum brokerage for the pac is 3 paisa to 1 paisa   Margin account- In this type of account the investor is free to set his upfront margin amount at the time when he first opens the account. The minimum brokerage for the margin scheme is INR 20.

Pros

  1. It is an award winning firm having a strong position in the market.
  2. It provides powerful, fast and secure technology all across its platforms.
  3. LIVE streaming and technical charts are offered by this company to help the investors to make the right decision.
  4. Account opening facilities are phenomenal you can open an account in just 10 minutes with few simple steps.
  5. It provides real-time payouts to customers.
  6.  Activates account in just one day.
  7. They provide daily reports across asset classes.
  8. It provides Discounted Brokerage Schemes.

Cons

  1. To use its online trading platform you must have a demat account.
  2. Their recommendation tips are not so promising as compared with other stock brokers.
  3. Margin Deposits should be INR 10,000+ 3. Its Mobile App needs to improve.
  4. They have some hidden charges so please make sure before you invest. 5. No brokerage plans available on-site.

Motilal Oswal Official Website : www.motilaloswal.com  Motilal Oswal Customer Care No : 91-22-39982515/ 67490600  Motial Oswal Support Email : query@motilaloswal.com  Motilal Oswal Call and Trade No : 91-22-39982600   Grievances ; grievances@motilaloswal.com  Official Address ;   Motilal Oswal Tower,  Rahimtullah Sayani Road,  Prabhadevi, Mumbai India – 400025