Motilal Oswal is a prominent full-service stockbroker in India, recognized for its well-structured research-based advisory and a large array of investment Products. Since its founding in 1987, the broker has expanded its menu of offerings, which include equities, derivatives, commodities, currencies, mutual funds, IPOs, and portfolio management services. Motilal Oswal provides an easy-to-use trading platform, MO Investor and MO Trader, that suits beginning and experienced traders. For both beginning and experienced traders, Motilal Oswal’s further wealth management abilities and robust market research reports elevate its credibility and desirability to investors. In terms of brokerage charges, the higher prices may not compare to discount brokers, so for long-term investors, the premium service and personalized advisory are reasonably justifiable.
| Services Rating | Motilal Oswal |
|---|---|
| Overall Rating | ★★★★★ |
| Brokerage Charges | ★★★★★ |
| Trading Platform | ★★★★★ |
| Investments Offering | ★★★★★ |
| Customer Service | ★★★★★ |
| Broker Type | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX |
| Active Clients | 10.2 Lakhs |
| Broker Overview | Motilal Oswal Review |
Account Opening Charges and AMC
Motilal Oswal offers a free trading account and demat account opening and charges an Annual Maintenance Charge (AMC) of ₹199 per year.
| Charges | Motilal Oswal |
|---|---|
| Trading Account Opening | 0 |
| Trading AMC | 0 |
| Demat Account Opening | 0 |
| Demat AMC | ₹199 per year |
| Provide DP Service | Yes |
Brokerage Plans
Motilal Oswal offers multiple brokerage plans, including both monthly and yearly options — giving traders flexibility based on their trading volume.
| Plan Types | Motilal Oswal |
|---|---|
| Multiple Plans | - |
| Monthly Plans | - |
| Yearly Plans | - |
Brokerage Charges
Motilal Oswal charges Rs 0.20% for equity delivery, Rs Rs 0 (Free for lifetime) for intraday, Rs 0.02% for futures, and Rs ₹20 per lot for options. Commodity and currency trading are not available at present.
| Brokerage Charges | Motilal Oswal |
|---|---|
| Plan Name | - |
| Equity Delivery | 0.20% |
| Equity Intraday | Rs 0 (Free for lifetime) |
| Equity Futures | 0.02% |
| Equity Options | ₹20 per lot |
| Currency Futures | ₹20 per lot |
| Currency Options | ₹20 per lot |
| Commodity Futures | 0.02% |
| Commodity Options | Rs 200 Per Lot |
| Hidden Charges | No |
| Call & Trade Charges | ₹25 + GST |
| Auto Square off Charges | ₹25 + GST |
| Brokerage Calculator | Motilal Oswal Brokerage Calculator |
Transactions Charges
| Transactions Charges | Motilal Oswal |
|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity |
Account Features
Motilal Oswal provides advanced account features including advanced charting and analysis tools, algo trading support for automation, instant SMS alerts for market updates, online demo sessions and video tutorials, an online portfolio accessible anytime, NRI trading and investment access, making it a complete trading and investment platform suitable for both beginners and professionals. Overall, Motilal Oswal provides advanced account features including easy account setup, smart trading tools, interactive charts, algo trading, online demo guidance, and a personalized online portfolio, making it a complete trading and investment platform for all users.
| Compare Account Features | Motilal Oswal |
|---|---|
| 3-in-1 Account | No |
| Charting | Yes |
| Algo Trading | Yes |
| SMS Alerts | Yes |
| Online Demo | Yes |
| Online Portfolio | Yes |
| Margin Trading Funding Available | Yes |
| Combined Ledger for Equity and Commodity | Yes |
| Intraday Square-off Time | 3:20 PM |
| NRI Trading | Yes |
Trading Platforms
Motilal Oswal provides a seamless trading experience across multiple platforms including a modern web-based trading platform, a mobile-friendly trading interface, an Android trading app, an iPhone trading app, an Android tablet app, an iPad trading app. Traders can access their accounts anytime, whether on web or mobile devices. The software ensures fast execution, stability, and real-time performance for all users.
| Trading Platforms | Motilal Oswal |
|---|---|
| Web Trading Platform | Yes |
| Web Trading Detail | Motilal Oswal |
| Mobile Trading | Yes |
| Mobile Trading App | Yes |
| Android Mobile App | Yes |
| Android App Download | Download |
| iPhone Mobile App (IOS) | Yes |
| iOS App Download | Download |
| Android Tablet App | Yes |
| iPad App (IOS) | Yes |
| Trading Software Charges | Zero |
Broker Ratings
Motilal Oswal maintains impressive ratings with fees rated 4.3, brokerage rated 4.3, platform usability rated 4.3, and customer service rated 4.3. The broker’s overall rating stands at 4.3 out of 5, reflecting its balanced performance across key areas. Overall, Motilal Oswal is recognized for offering dependable service, fair pricing, and a user-friendly trading experience.
| Broker Ratings | Motilal Oswal |
|---|---|
| Fees Ratings | 4.3 |
| Trading Brokerage Rating | 4.3 |
| Trading Platform Usability | 4.3 |
| Customer Service Ratings | 4.3 |
| Overall Ratings | 4.3 |
Investment Offerings
Motilal Oswal offers a wide range of investment options including equity cash and F&O, currency derivatives, commodity trading, online IPO applications, mutual funds, bonds and NCDs, and more — giving investors complete portfolio diversification across equity, debt, and alternative products. Overall, Motilal Oswal ensures a comprehensive investment experience — from IPOs and mutual funds to derivatives and commodities — enabling investors to diversify effortlessly.
| Investment Offerings | Motilal Oswal |
|---|---|
| Equity Cash and F&O | Yes |
| Currency Derivatives | Yes |
| Commodity | Yes |
| Online IPO Application | Yes |
| Mutual Funds | Yes |
| Bond / NCD | Yes |
| ETF | Yes |
| Banking | No |
| Insurance | No |
| Forex | Yes |
| MF SIP Investment | Yes |
| Equity SIP Investment | Yes |
| PMS Service | Yes |
| Other Investment Options | Yes |
Customer Support Offered
Explore the range of customer support services offered by Motilal Oswal.
| Customer Support | Motilal Oswal |
|---|---|
| 24/7 Customer Service | Yes |
| Email Support | Yes |
| Online Live Chat | Yes |
| Phone Support | Yes |
| Toll Free Number | 022 40548383 |
| Through Branches | |
| Customer Care Number | +91 9769972825 |
| Account Opening Process | Online/Paperless |
| Customer Support Email | [email protected] |
| Knowledge Center/Education | https://www.motilaloswal.com/news |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025 |
| Website | https://www.motilaloswal.com/ |
Research and Reports
| Research | Motilal Oswal |
|---|---|
| Research Mutual Funds | Yes |
| Research Equity Reports | Yes |
| Research ETF | Yes |
| Daily Market Report | Yes |
| Free Tips | No |
| Quarterly Result Analysis | Yes |
| News Alerts | Yes |
Demat Account Charges
Motilal Oswal offers a Demat account with CDSL & NSDL as DP source. The annual maintenance charge (AMC) is Rs 199, and transaction charges per ISIN are 0.025% or Rs 30. Services like demat, remat, and pledge creation are available for seamless securities management. Motilal Oswal provides a full-featured Demat account with DP source as CDSL & NSDL, AMC of Rs 199 per year, transaction charge of 0.025% or Rs 30 per ISIN, pledge creation charge of Rs 35 or 0.02%, demat charge of Rs 100 per certificate + Rs 50 per certificate, offering a complete and transparent experience for investors.
| Demat Charges | Motilal Oswal |
|---|---|
| DP Source | CDSL & NSDL |
| DP ID | 16-2015 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 199 |
| Advance Deposit | No |
| Transaction Charges on Debit (Per ISIN) | 0.025% or Rs 30 |
| Demat | Rs 100 per certificate + Rs 50 per certificate |
| Remat | Rs 35 per certificate + 25 courier charges |
| Pledge Creation | Rs 35 or 0.02% |
| Pledge Creation Confirmation | Nil |
| Pledge Closure | Rs 35 or 0.02% |
| Pledge Closure Confirmation | Nil |
| Pledge Invocation | Rs 35 or 0.02% |
| Failed Instruction Charges | Nil |
| Other Charges | Demat Rejection: Rs 50 per request |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Motilal Oswal |
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User Experience with Motilal Oswal
Account Opening Experience: Opening an account with Motilal Oswal is completely online with Aadhaar-based eKYC. Most users report fast verification and smooth onboarding.
Brokerage & Cost Transparency: Motilal Oswal offers free equity delivery which is ideal for long-term investors. Intraday brokerage is Rs 0 (Free for lifetime), making it competitive for active traders. Charges are displayed clearly before order confirmation, reducing confusion around hidden costs.
Trading Platform Experience: The mobile trading platform of Motilal Oswal allows real-time execution, advanced charting, and instant portfolio tracking.
Advanced Features: Motilal Oswal provides algorithmic trading support, margin trading facilities, detailed research reports, making it suitable for serious traders.
Customer Support Experience: With a customer service rating of 4.3/5, Motilal Oswal offers support through multiple channels. Response time may vary during peak market hours.
Popularity & Trust: Motilal Oswal serves approximately 10.2 Lakhs active clients, reflecting strong market presence and investor trust.
Overall Verdict: Based on user feedback and platform usability, Motilal Oswal holds an overall rating of 4.3/5. It is best suited for long-term equity investors.
FAQs on Motilal Oswal Review
Yes, Motilal Oswal is considered one of the safest brokers in India. It is a SEBI-registered stockbroker, a member of NSE, BSE, and MCX and has a strong track record of transparency and compliance.
Motilal Oswal offers competitive brokerage charges. Typically, it charges 0.20% for equity delivery and intraday trades and ₹Yes for F&O trades, making it one of the most affordable brokers in India.
Motilal Oswal provides multiple platforms for trading and investing including mobile and web platforms, offering a smooth, reliable, and user-friendly experience.
You can open an account with Motilal Oswal online through an eKYC process. Online/Paperless Generally, the account gets activated within 24–48 hours once the documents are verified.
Yes, you can invest in direct mutual funds via Motilal Oswal platform. It allows you to buy and manage all your mutual funds online without paying commissions.