Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors.
Founded in 1987, Motilal Oswal Securities Ltd (MOSL) is one of the oldest full-service brokers in India that offers online trading and investment in stocks, equity derivatives, commodities, currencies, IPO, mutual funds, insurance, and fixed income products. It is among the most popular brokers for award-winning research and portfolio management services.
Open an instant paperless Trading and Demat account in Motilal Oswal to trade across multiple asset classes. The broker serves a diversified customer base including retail clients, high net-worth individuals (HNIs), foreign institutional investors, and corporate clients.
Whether you are an active trader or an investor, Motilal Oswal understands what you are looking for and offers you differentiated powerful trading platforms. MO Trader App and desktop trading terminal are the platforms for passionate traders with live-streaming charting, technical indicators, and advanced features. MO Investor App is particularly designed to invest in stocks and mutual funds.
Its research team works desperately to provide extensive research coverage with 30,000+ published fundamental & technical research reports on over 260+ companies operating in 21 different sectors.
Motilal Oswal has a widespread network of 2,200+ branches, partners’ and sub-brokers offices in 500+ locations in India to provide offline customer support. The broker assigns a dedicated advisor to every client to assist them at every point and provides stock investment ideas and recommendations.
Do you want to know more, read the latest and genuine Motilal Oswal Review 2022 to get an in-depth coverage of its brokerage charges, account opening process, trading platforms, customer care details, and trading pros & cons.
Current promotion offer from Zerodha for TopShareBrokers Visitors:
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.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 400 per annum [Free for 1st year]|
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|
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;
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;
Motilal Oswal facilitates free account opening at nil account opening charges and also 1st-year demat maintenance fee is zero.
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.
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.
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.
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;
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.
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.
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.
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;
There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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 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.
Last updated on: 2022-11-03
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Rs 0 Demat AMC
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