Should Young Investors Consider Motilal Oswal?

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Motilal Oswal, one of the oldest stock brokers in India, has been offering full-service broking services since 1987. But after 36 long years, is the brand worth considering, especially for young people who are just entering the capital market? Especially with hundreds of new stock brokers with minimal brokerage and advanced trading features? 

In this quick review, we will be looking at some of the unique aspects of Motilal Oswal that show why one should opt for their services. 

Motilal Oswal Review

*Source: NSE India

Motilal Oswal is registered with all major stock exchanges (NSE, BSE, MCX, and NCDEX) thus, allowing its clients to trade across equity, commodity, and currency while also giving the option to invest in mutual funds, IPO, bonds, and other securities. 

Present in 550+ cities with more than 5500+ advisors, Motilal Oswal offers a unique blend of physical as well as digital modes of investing. 

Talking about the growth in terms of customers, Motilal Oswal has more than 9 lakh active clients with a complaint percentage of less than 0.03%.

In other words, there have been a total of around 350 complaints filed, out of which 298 have already been resolved.

This data depicts the quality of services provided by the firm. After opening a Motilal Oswal demat account, you can use the trading app viz. MO Investor & MO Trader to explore various investments and trading benefits.

Without sound technology and related broking services, no full-service stockbroker can be reliable enough. And that’s why we need to ask again – is Motilal Oswal a suitable option??


Is Motilal Oswal Good for Trading?

Motilal Oswal provides MO Trader and MO investor apps that you can use to trade across the different segments mentioned above.

Let’s have a look at some of the advantages of trading apps and services.

1. Reliability

Motilal Oswal has more than 35 years of experience in the broking industry which make it more reliable among other emerging platforms.

Along with this, the broker has a negligible complaint percentage of 0.03% which is a testament to the quality of services and customer support. 


2. Minimum Charges

Even though Motilal Oswal is a full service stock broker, it offers you the benefit to trade at minimum brokerage rates in comparison to other full-service stock brokers.

Here are the details of Motilal Oswal brokerage charges

This brokerage fee is charged after one month, as the broker offers one-month free brokerage to all clients.


3. Award-Winning Research

For investors and people who are thinking about beginning their journeys of investments or trading in the stock market, the research reports can be very helpful. Their research services have been awarded multiple times. 

They have different teams for researching different kinds of stocks on the basis of their market capitalization i.e. they have different research teams for large-cap, mid-cap, and small-cap companies.

Also, different teams are dedicated to fundamental as well as technical analysis of stocks.

Motilal Oswal shares these reports on a daily, weekly, and monthly basis and covers aspects like individual stocks, overall market conditions, and other events.

Their repository consists of more than 30 thousand research reports on more than 260 companies that are operational in more than 21 sectors of the Indian economy.

Along with this, the broker offers Research 360 app that provides the following features:

  • Stock screener that makes it easier for investors to filter companies on the basis of share price, profit, market cap, etc.
  • Heat maps to offer an overview of the market in real-time
  • Technical charts for technical analysis.

4. Motilal Oswal Phygital Investing

A beginner investor and trader always find it challenging to find the right company and stock for investment and trading respectively.

But with the top-class advisory services of Motilal Oswal, one can make fruitful investment decisions in the share market.

To enhance this experience, the firm has introduced a Phygital investing experience where the investors can have personal interactions with their advisors along with AI-based recommendations that can be accessed anytime through the App.

The physical advisors understand investors’ unique needs, risk appetite, and goals to provide customized investment recommendations across segments in real time that help them to increase their wealth.

Along with this, the digital platform provides 1-5 recommendations in the equity segment and more than 5 in F&O segments on a daily basis.


5. Seamless Trade Experience

With advanced charts, and analysis tools one can easily place a trade. The broker offers a Power Trade feature that allows clients to take positions in multiple stocks through a single click.

Along with this, the broker provides advanced order types like stop loss which helps a trader and investor to minimize their losses in the volatile market.

Along with the Order types the trader can access GTD order validity along with Day and IOC which allows them to keep their order active till the defined period of time.


6. Algo Trading Platform

Not limited to manual trade, a trader can now reap the benefit of algo trade with Motilal Oswal.

The firm offers a platform called Tradetron, which is an advanced algo trading software that helps a trader to create, backtest and execute algo trades.

This software also offers advanced options strategies that further make it easier for the trader to utilize their capital and manage risk.


Disadvantages of Motilal Oswal

Just like every coin has two sides, the question – “Is Motilal Oswal good” can not be answered without discussing some of the disadvantages of the platform. Let us look at them one by one.

1. Charges

Although the brokerage charges of Motilal Oswal are pretty low compared to other full-service brokers still they are higher when compared to discount brokers in the industry.

To trade in options, the charge is ₹20 per lot while discount brokers charge a flat fee of ₹20 per trade.

Having said that, one can explore Motilal Oswal value pack plan and multiple brokerage plans on the basis of their trading activities.


2. Charting Tool

Although the broker offers more than 10 charts for technical analysis, these technical charts are not really apt for beginner traders.

The charts come with specific time frames on the basis of an individual’s trading style. The price data is available in numerical format on the chart which makes it relatively difficult for a beginner trader and investor to read the charts properly.


Conclusion

There are limited full-service stockbrokers left in the industry, especially, when it comes to reliability and support.

As far as Motilal Oswal is concerned, the broker has been able to prove itself on multiple fronts. It provides many services like broking services, research, and advisory services, investment banking services, asset management services, mutual fund investment services, portfolio management services, etc.

On the technology front, the broker is quite strong with its platforms and software. It offers competitive features and is one of the best when it comes to the Indian markets.

Their research and advice are also award-winning. They have various research reports that can be easily accessed through their platforms with a single click.

Analyze the different advantages as well as disadvantages of the firm to identify if they meet your expectations. Stay aware, and stay invested!


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