Motilal Oswal is a renowned full-service brokerage firm that offers various investment and trading services across several segments. Its huge clientele includes foreign investors, retail customers, mutual funds, and corporate customers.
Along with these services, it also provides research material and other educational resources that we’ll discuss in more detail later on in this article.
This Motilal Oswal review isn’t like the other reviews you might have read, as we provide a comprehensive insight into the company’s functioning and other features that a potential client is looking for.
Additionally, our review would also talk about the areas where this platform lacks compared to other similar brokerage companies.
Why choose Motilal Oswal?
Numerous people in India would have definitely heard of this company’s name, even if in passing. That in itself tells us about this brokerage platform’s authority. However, here are some more pros that you should take a look at.
Pros
- No charges on call and trade services
- Free stock and scheme analysis, as well as recommendations.
- “Trend Guiding Tool” offers advantages of AI, machine learning, and market insights, according to traders.
- Multiple trading platforms for different traders
- Numerous investment choices, such as Derivatives, equities, etc.
- Fund transfer to 39+ banks available
You’d be amazed if we talk about the products this platform allows you to invest in!
- Equity
- Commodity
- Currency
- Futures
- Options
- Mutual Funds
- Bonds and debt
- IPO
- ETF
- Insurance
You can directly invest in US equities by creating an account at Motilal Oswal and getting access to global shares. It also offers Portfolio Management Services and allows you to trade in major currency pairs because this brokerage platform offers forex trading facilities.
Motilal Oswal Brokerage Charges
| Segments | Charges |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% (both side) |
| Equity Futures | 0.05% (both side) |
| Equity Options | Rs 100 per order (both side) |
| Currency Futures | Rs. 20 per order (both side) |
| Currency Options | Rs 20 per lot (both side) |
| Commodity | 0.05% (both side) |
| Minimum Brokerage | Percentage of Transaction |
| Demat AMC Charges | Free for 1st year, Rs.400 per Annum (From 2nd year onwards |
| Trading AMC Charges | Free |
| Margin Money | 75% Margin |
- Apart from these charges, Motilal Oswal also charges Rs. 400 per year as maintenance charges for the Demat account, as well as a minimum brokerage percentage of trading.
- Maintaining Rs. 10000 as margin money for trading is also essential.
- If you want to know the brokerage charged for trading in a particular segment, then use their brokerage calculator to do so.
Motilal Oswal Brokerage Plans
Motilal Oswal offers two brokerage plans to its clients, and they are as follows:
- Value Pack Schemes
- Margin Schemes
Value Pack Schemes
This scheme of Motilal Oswal is prepaid, meaning that the traders need to pay the brokerage money beforehand. If you pay more prepaid amounts, the brokerage charges levied would be less.
Motilal Oswal Margin Schemes
Unlike the previous scheme, this one is based on the amount of margin the client gives. The strategy is the same: the more the margin amount, the lesser the brokerage charges.
Motilal Oswal Other Charges
When you become a part of a brokerage platform, other charges are levied apart from the basic ones, and they are as follows:
| Segments | Charges |
| SEBI Turnover Charges | 0.00005% (₹5/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and SellEquity Intraday: 0.025% on the Sell SideEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on sell side (Non-Agri)Commodity Options: 0.05% on sell sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell side |
| Stamp Duty | (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) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 75% Margin |
| Reactivation Charges | Rs 150 per instruction |
| Account Closure Charges | Rs 60 per instruction |
| Dematerialisation Charges | Rs 50 per request + Rs 50 per certificate |
| Pledge Creation | Rs 35 or 0.02% (whichever is higher) per ISIN request |
| Pledge Invocation | Rs 35 or 0.02% (whichever is higher) per ISIN request |
| Margin Pledge/Unpledge/ Pledge closure | Rs 35 or 0.02% (whichever is higher) per ISIN request |
| Margin Repledge | Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip) |
Motilal Oswal Account Opening Charges
| Services | Charges |
| Trading Charges [One Time] | Rs. 0 |
| Trading AMC [Yearly] | Rs. 0 |
| Demat Charges [One Time] | Rs. 0 |
| Demat AMC [Yearly] | Free (Rs 400 2nd year onward) |
One of the highlights of this company is that it charges Rs. 0 if anyone wishes to open an account with them. Moreover, there are no maintenance charges that you are expected to pay for trading accounts.
Features of Motilal Oswal
There are numerous features that this platform offers, and they’d definitely convince you to open an account with Motilal Oswal brokerage.
- Free trading account opening
- Discount on brokerage
- Referral offers
- Free Demat account opening
- A month’s trade without paying any brokerage fees
- Full access to research and advice for free
- No charges for using the trading platforms
- Those who opt for Lifetime Demat account along with chat services are eligible for zero account maintenance fees.
Apart from these features, there are many more reasons to choose Motilal Oswal, and they are –
1. Advisory Services
- Access across all asset classes
- Compatible with mobile, laptop, desktop, and web
- Customizable plan of action for all investment styles and risk profiles
- Advanced strategies and tools
2. Research Services
- Top market analyst for the IT and FMCG sector
- More than 30000 research reports
- Technical research teams for mid and large cap
- Current market trends and technical charts for the right investment decisions
3. Product and Services
- All trading and investment solutions are available
- Trading across exchanges, such as BSE, NSE, NCDEX, and MSEI
- Dedicated advisors and availability of call & trade desk
4. Operational Efficiency
- User-friendly account opening process. The account is activated within 24 hours.
- Customer care support is available
- Team for risk management system
Motilal Oswal Services
This broking company offers a variety of services, such as Demat services, Trading services, Intraday services, Stock Recommendation, and Portfolio management services with approximately 30 times exposure.
They are even flexible in terms of these services. For instance, you can enter SIP through WhatsApp and get all the updates there itself.
However, they lack a few things, such as offering a 3-in-1 account, Robo advisory, or a Trading institution. Furthermore, they offer VIP clients a dedicated advisory and the option to restructure their portfolio according to the current market trends.
Motilal Oswal ensures that you maximize profit at minimum risks through its algo-based tool. Their Flexi loan services are perfect for when you are short of funds, and they also offer ICICI loan services.
A special mention to this company’s top-notch research and advisory services as they offer these resources for Annual reports, monthly reports, fundamental reports, Initial Public Offering Reports, etc. However, they don’t provide this service on Free Stock Tips.
Motilal Oswal Exposure/Margin
| Segment | Exposure/Margin |
| Equity Delivery | 1x |
| Equity Intraday | Up to 5x |
| Equity Futures | 1x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodities Future | 1x |
| Commodities Option | 1x |
Motilal Oswal’s margin calculator can help you calculate the exact leverage you’d earn by trading or investing.
Motilal Oswal Trading Platforms
Motilal Oswal has always been applauded for moving along with the present changes regarding technology and new-age trading forums; therefore, this company is still in business. So here are the trading platforms it offers to its various investors.
Motilal Oswal Trading Terminal
This brokerage company has developed a compact software, Orion Lite that enables users to trade through their computers. The features of Orion are as follows:
1. High Speed
Time is money, and this platform is all about speed. You can trade products across all asset classes ranging from Derivatives to Initial Public Offerings. It comes with customizable shortcut keys, a 1-second rate refresh for live market feed, and instant fund transfers across 60 banks.
2. Auto-Alerts And Real
Time Calculators: One of the highlights of this feature is that it alerts the traders whenever a scrip or group of scrips is for sale at a lower rate to assist the traders in making quick decisions. It also allows the users to customize the software and help them track their stocks based on real-time calculations.
3. Watchlist
With this feature, you can keep track of your preferred stocks, as well as create numerous watchlists to get updates in real-time regarding their equities, commodities, and so on.
4. Research Reports
Investors and traders can access in-depth research reports that are published daily, weekly or monthly, and they can access the featured reports as well. A more specific search is also possible if you’re looking for reports on a company or a sector.
5. Advisory and Trading Calls
Users can now get advice and suggestions across all segments to make their trading decisions more accurate and risk-free.
6. Portfolio Restructure
This tool helps you to restructure your portfolio through its integrated portfolio restructuring reports. Apart from this, it also displays the user’s holding’s across Mutual Funds and Equity, as well as comprehensive research views on every stock.
7. Trade Guide Signal
This feature is integrated into the software and automatically generates buy/sell responses based on the predefined rules. You can also get these suggestions on SMS to avoid missing out on an opportunity.
8. Derivatives and Contracts
You can now get derivative prices, listing F&O strike prices, and premiums for a fixed expiry. Contract option chains are also available per your preferences on the same platform.
Mobile-Based Platform
There are two mobile-based platforms, and they are –
1. MO Investor Mobile Trading App
You can find this app in the google play store by the name “MO Investor.” Its features are as follows:
- Portfolio Suggestions – This platform suggests the right asset allocation mix according to the user’s profile.
- Custom Recommendations – Customizable restructuring recommendations are a part of this platform as per the user’s preference.
- Single Click Execution – A single click is all you need to execute the recommendations.
- Multiple Language – As the name suggests, you can get multiple languages in this app, such as English, Hindi, Gujarati, and Tamil.
- Ace – Algo Trading – ACE Cash is an integrated program in this app, which is an algorithm-based trading identifier and creator. Its goal is to deliver higher returns through investment in several growth-oriented stocks within 1 to 3 years.
- Me Gold Feature – If you wish to own gold assets, this feature will help you do that without any paperwork. You can even put your gold in a vault secured by MMTC PAMP with no extra charges. However, you’d have to pay if you wanted the gold to be delivered.
- Snapshot – Users can get a snapshot of their stocks and current and maturing Systematic Investment Plans.
- Multiple Access Tools – Access tools, such as fund scanners and fund comparison for better investment decisions, are incorporated into this app.
- Stock Scanner – Based on the investor’s strategies, this stock scanner suggests suitable stocks for you to invest in.
- Automated Calls – With this feature, you can get the best scrips based on your pre-set parameters, such as top performers, top revenue companies, etc.
- Mo Genie– Think of it as a customer care representative available 24*7 for all financial and trading queries.
2. Mo Trader Mobile Trading App
Search for this app on the Google play store by the name “MO Trader.” Here are its features:
- Multiple Market Screeners: Twenty different market screeners would identify the stocks per your strategy. Users can also buy, sell or add more stocks from the screener to the watchlist.
- Integrated Features: This integrated app feature allows users to save multiple order drafts in a basket and place them all at once. You can even edit the quantity and price of these orders. Removal of these orders is also possible based on information, such as depth, RSI, and MTM for a specific scrip.
- Detailed Company Info: Investors can get accurate information regarding any company, and they can also access historical charts, put-call ratios, market depth, etc.
- Create Multiple Views: Users can create and view at least four multi-asset watch lists and add up to fifty scrips in each watchlist. They can even switch the watchlists with a single click and place an order by swiping on a particular scrip.
- Customizable Alerts: This feature is all about customizable alerts, transfers of funds, and much more.
- Investors Platform: Using this integrated web platform on a smartphone, users can hold assets for a long time, and the Smartwatch feature makes things easier.
- Traders Platform: With this platform, you can execute day trading and swing trading, as well as trade high-value stocks on your mobile. Users can also go for an EXE platform, available on a desktop with a fast refresh rate.
Cons
We’ve talked enough about the advantages of Motilal Oswal as a brokerage platform; however, it does have its share of drawbacks, and they are –
- It doesn’t offer chat support
- Free Stock Tips aren’t available
- No discount brokerage or flat brokerage plans
- Mutual funds provide regular plans
- Additional fees for different investment services
Conclusion
This is all about this brokerage firm in our Motilal Oswal review, and we hope it gives you an idea of what this company is all about and the services it offers its clients. Since it’s one of the oldest institutions in India, it’s trustworthy, reliable, and experienced with managing its client base. It keeps up with the updates in the trading as well as technological arena, thus, making it relevant even today.