Motilal Oswal is a full-service broker incorporated in the year 1987. It is one of the oldest brokers, which is based out of Mumbai. They offer various products and services to retail customers, HNIs, corporates, financial institutions and Institutional investors. Motilal Oswal’s primary USP is its extensive industry experience and research advisory. Check out this complete Motilal Oswal Review to know its Brokerage charges, Demat account, Margins, IPO & more.
They have more than 30 years of experience in the industry, with more than 50 lakh happy and satisfied customers. Motilal Oswal is India’s first broker to offer 15-minute, 100% paperless trading and demat accounts, and its clients can receive same-day account activation upon application. Aside from that, the broker offers Portfolio Management Services to its clients. To date, the company has more than 500 PMS clients, and the number is constantly growing.
Products & Services offered
Here is the list of trading services by Motilal Oswal:
- Equity
- IPO
- Futures & Options
- Mutual Funds
- ETFs
- Commodities
- Currency
- Bonds
- Corporate Fixed Deposits
- Portfolio Management Services (PMS)
- US Stocks
- Insurance
Customer Ratings of Motilal Oswal
| Criteria | Ratings |
|---|---|
| Research & Advisory | 8.90 / 10 |
| Brokerage Charges & Fees | 8.30 / 10 |
| Products & Services | 8.60 / 10 |
| Trading Platform | 8.50 / 10 |
| Broking Experience | 9.10 / 10 |
| Overall Rating | 8.70 / 10 |
| Customer Rating (in stars) | 4.75 / 5 |
Key Strengths of Motilal Oswal
- Motilal Oswal is an expert in research reports. They have covered more than 100 stocks and 45+ sectors, and have published more than 80,000 reports till now.
- Motilal Oswal provides educational stock market videos and blogs on its website. They have 3 levels of modules-Beginner, Intermediate and Advanced.
- Over 30 years of providing leading-edge services.
- Various customised, actionable plans for various investment styles and risk profiles.
- Motilal Oswal School of Entrepreneurship (MOSE) is an initiative by the Motilal Oswal Group to create successful entrepreneurs by providing them with various certified courses.
- They provide numerous calculators to make sound investing decisions. Some of the calculators are SIP calculators, FD calculators, Mutual fund calculators, Margin calculators, and others.
- If you ever run out of money, keep in mind that Motilal Oswal’s Flexi loan services are available to help. In addition, the broker provides ICICI bank loan services.
- They offer Intelligent Advisory Portfolios (IAP) for pre-packaged equity products. They provide ready-to-invest portfolios guided by investment advisors.
Motilal Oswal Account Opening Process
Offline Account Opening Process
Motilal Oswal has operations in over 500 cities across India. They have many branches, franchisees and sub-brokers. To open an offline Demat Account with Motilal Oswal, simply locate a local branch and contact them. They will meet you personally and explain the entire process.
Online Account Opening Process
- Click their website Name – Motilal oswal
- Select ‘Open Demat Account’, and enter your phone number and the OTP you received.
- Proceed after entering the email address.
- Complete the EKYC (upload all required documents such as PAN card, Aadhar card, bank details, and so on).
- Fill in all your personal details.
- After verification, your demat account will get activated in a day.
Documents Required
It is advised that you keep scanned copies of the following documents:
- Demat account opening application form
- KYC application form
- Passport-size photograph
- PAN Card
- Cancelled Cheque
- Identity Proof & Address Proof (Aadhaar Card, Voter’s ID, Driving license or Passport)
Motilal Oswal Trading Platforms/ Apps
| S.No | Platforms/Apps | Platform Type |
|---|---|---|
| 1. | MO Investor App | App-based |
| 2. | MO Trader App | App-based |
| 3. | MO Desktop Application | Desktop-based |
| 4. | Trading API | API-based |
| 5. | MO Smartwatch App | For smartwatches |
MO Investor App:
The MO Investor app enables you to trade and invest in stocks, mutual funds, and other financial products. It walks you through investing solutions by first evaluating your risk tolerance and investments in capital. The features that make this app the finest share market app in India include a multi-asset watchlist, 3-click mutual fund SIP, stock SIP, curated portfolio, and AI-powered investment advice. You also get many different options for investing like mutual funds, stocks, bonds, FDs, derivatives, IPOs, and much more.
App Store rating: 3.6/5
Google Playstore rating: 3.8/5
MO Trader App:
MO TRADER, the newly enhanced online trading programme, allows you to explore prospects in the world of stock trading. It is a powerful platform which provides real-time information for advanced traders. You can create up to ten positions across segments on a single screen, get regular updates and news, do buy and sell in just a single click, access 19+ market screeners, option chains, slice orders, customizable alerts, etc.
App Store rating: 3.6/5
Google Playstore rating: 3.2/5
MO Desktop Application:
This desktop application provides traders with a full-featured trading experience, including unrivalled speed, and best-in-class functionality. Some of the top features of this application are 40+ technical indicators available, next-generation charting tools, access to research recommendations and trade calls, quick order execution, access to thousands of stock reports, Tick-by-tick action, multi-asset trading & execution, and a 1-second refresh rate.
Trading API:
You can now build your own platform by using Motilal Oswal’s simple APIs. You can create a platform in different languages like Python, Go, PHP, Rust and Java. Testing and regulatory permissions are handled in real-time, there is no hidden cost, flexible APIs, and instant execution with only a few lines of code.
MO Smartwatch App:
It is a popular new programm for Android and iOS smartwatches. You can wear this and get instant information and notifications. Some of the features are viewing your positions and getting instant information on all the indices. You can also check your margins and get access to your portfolio.
Motilal Oswal Brokerage Charges and Plans
| Segments | Brokerage Charges |
|---|---|
| Equity Delivery | 0.20% |
| Equity Intraday | Free for lifetime |
| Equity Futures | 0.02% |
| Equity Options | Rs. 20 per lot |
| Currency Futures | Rs. 20 per lot |
| Currency Options | Rs. 20 per lot |
| Commodity Futures | 0.02% |
| Commodity Options | Rs. 200 per lot |
Account Opening Charges
- Demat Account Opening Charges- Rs. 0
- Trading Account Opening Charges- Rs. 0
- Demat Account Annual Maintenance (AMC)- Rs 240 (Waived for 1st year)
- Trading Annual Maintenance Charges- Rs. 0
In addition to the brokerage fee, the following costs are also levied:
- Turnover/Transaction Charges
- Security Transaction Tax (STT)
- SEBI Fees
- Stamp Duty
- GST
Advantages & Disadvantages of Motilal Oswal
Advantages
- Online account opening in 15 minutes or less.
- Zero brokerage for a lifetime on intraday trading.
- They provide a free learning platform known as EDUMO, available for beginners, intermediates, and advanced traders.
- Fund transfers are safe and secure with 40+ banks.
- There are zero annual maintenance charges for the first year.
- Easy access to MO Exclusive Smallcase, which is best suitable for beginners.
- They do not charge anything for demat and trading account opening.
- Intelligent Advisory Portfolios (IAP) provides personal advising services.
- A large number of franchisee networks and branches in India.
Disadvantages
- They do not offer a 3-in-1 demat account.
- Comparatively high brokerage charges.
- No chat support for their customers.
Motilal Oswal Margin Exposure
Here are the margins provided for different segments:
| Segment | Margins |
|---|---|
| Intraday | Upto 5x |
| Equity Delivery | Upto 2x |
| Equity Futures | Upto 1x |
| Equity Options | Upto 1x |
| Currency Futures | Upto 1x |
| Currency Options | Upto 1x |
| Commodity Futures | Upto 1x |
| Commodity Options | Upto 2x |
Final Thoughts
So, in this article, we tried to cover the Motilal Oswal review with all details of brokerage charges, trading platforms, margin exposure and much more. Motilal Oswal is without a doubt one of the top brokerage businesses in India. They offer the best trading platforms with fully integrated functionality. As it is a full-service broker, the charges are a little on the higher side. However, the services provided by them are worth every penny. So, in short, Motilal Oswal is a great choice, when it comes to the best stock brokers.