Motilal Oswal has seen organic as well as inorganic growth in the years of its existence. In 2006, it acquired a south Indian brokerage firm – Peninsular Capital Markets.
While in 2010, it started dealing with mutual funds after getting approval from SEBI (Securities & Exchange Board of India).
Today, the group has a presence in 2200 locations through its sub-broker and franchise network to go along with around 1 million customers.
Motilal Oswal Securities has had its focus on institutional broking but of late it has been gradually pivoting towards full-service retail stockbroking.
As per the latest numbers from 2020, Motilal Oswal broker has 4,48,808 active clients (numbers from the National Stock Exchange of India or NSE) across 2000+ different geographies of the country and outside (with its NRI services).
Furthermore, as per research strength is concerned, this full-service stockbroker has decent visibility and prominence with its team of 40+ research experts.
Motilal Oswal Trading app is another advantage of opening an account with the stockbroker.
This full-service stockbroker offers multiple trading platforms across various devices offering all sorts of usable features which simplify theMotilal Oswal trading experience.
In this detailed Motilal Oswal review, we will talk at length about all the Motilal Oswal Trading software.
These platforms help traders set up a Demat account, keep a track of the market as well as execute trades when the right opportunity arrives.
Here are the full details of each and every Motilal Oswal trading platform:
Motilal Oswal Desktop Application
If you are looking for super-fast execution of trades, then the EXE based Motilal Oswal desktop application is the right solution for you.
This application needs to be downloaded from their website and then installed on your desktop or laptop to get theMotilal Oswal Login page before you start trading.
Here are some of the screenshots of the Motilal Oswal desktop app:
Some of the features of Motilal Oswal desktop application include:
Options Strategy Builder – Traders can choose from a variety of options strategies
F&O Analytics – Get extensive market information like gainers/losers, most active stocks, top events, news, and much more across asset classes integrated with the trading portal.
Technical Indicators – The app has technical indicators and charts that will help traders evaluate market depth.
Research Reports – Traders get access to over 30,000 research reports within the app. Research reports and recommendations for days, weeks, months, years.
Trade Ideas – Trade Guide Signal to auto-generate buying and selling ideas
Motilal Oswal trading terminal is known for good speed and decent user experience but at the same time, is a little bulky as well. Thus, to attain a consistent rich trading experience, make sure your computer or laptop configuration is good enough.
Apart from this application, you can also choose to use Motilal Oswal TGS for an advanced trading experience with the help of AI-driven features.
There are multiple types ofMotilal Oswal trading charges that you, as a client, are supposed to pay. This includes Account opening, maintenance charges, brokerage, transaction charges, stamp duty, taxes etc.
Motilal Oswal Account Opening Charges
For opening an account, here are the initial charges a customer has to pay. Motilal Oswal Account Opening Charges include – Trading account opening and Demat AMC charges.
One of the major advantages of having an account with Motilal Oswal, a trader can set up a Motilal Oswal Free Demat account. In addition, the broker doesn’t charge any trading account AMC charges.
Furthermore, commodity trading is another interesting format of investment. However, in the case of this stockbroker, you would want to learn about Motilal Oswal Commodity brokerage as well before getting into this fascinated format of investment.
However, the default Motilal Oswal brokerage charges list is as follows:
Next, in this Motilal Oswal review, we learn about the various brokerage plans offered by the stockbroker.
There are a couple of Motilal Oswal brokerage plans that clients can choose from. The brokerage charged thereafter depends on the plan a client chooses.
The Value Pack is a subscription-based plan where you need to pay a certain upfront amount based on which the corresponding brokerage charges are applied. The payment made in this plan is NON-Refundable.
How does Motilal Oswal Brokerage Work?
“In the case of full-service stockbrokers, the brokerage is percentage-based. This implies if Motilal Oswal charges you 0.3% for delivery trades and your trading capital is ₹1,00,000 then the brokerage for that particular trade is ₹300.
Thus, it really depends on your trading capital, and based on that the brokerage will be calculated. The minimum brokerage in case of this full-service stockbroker is ₹30 for delivery trades and ₹15 for Intraday trading charges in Motilal Oswal.”
Traders reluctant to pay the complete purchase price of stocks upfront can avail Motilal Oswal Margin facility. A customer simply needs to provide a defined upfront margin amount at the time of opening the account.
Motilal Oswal broker offers Motilal Oswal Margin Scheme for frequent traders. The brokerage charges in these schemes vary based on the margin amount held by the trader.
When you use the Motilal Oswal Margin scheme, the brokerage percentage is decided based on your initial deposit. The more the deposit, the less you end up paying as a brokerage percentage.
At the same time, you must certainly negotiate with the executive of the full-service stockbroker. We have seen many instances where clients have saved decent brokerage percentages just by negotiating before opening the account.
Make sure to get everything documented or emailed before youopen a demat account with Motilal Oswal. This includes the final brokerage charges/percentage that you will pay across segments and other related charges.
Motilal Oswal Research is counted among the best research facilities in the Indian market. Motilal Oswal claims to provide more than 30,000 research reports encompassing 260 stocks covering 21 sectors through 40 types of different reports.
Let’s have a look at some of those reports to get an idea about what this broker brings to the table:
These reports talk about the fundamentals of different companies listed on different exchanges of India.
Furthermore, these reports also have mentions of various economic events happening at the state and country levels that can directly or indirectly impact specific sectors and respective company stocks.
It makes sense to keep a passive check on such reports on a regular basis.
As the name suggests, these types of reports talk at length about different sectors, what is happening in these sectors, different government policies, market dynamics etc.
Reading these reports may help you to understand what stocks may get impacted in the short as well as in the long-term at both fundamental and technical levels.
Thematic reports are theme-based research outputs coming from some of the latest events across industries and business domains.
For example – If ‘Swachh Bharat Abhiyaan’ was introduced, these reports mentioned the different sectors that will get impacted positively or negatively due to such an initiative.
Furthermore, there is a discussion on the different companies as well that would get the maximum impact.
Market Analysis Reports
These reports encompass multiple types of reports that get published on a daily basis. Such reports include (but not limited to) Market round-up, currency report etc.
People looking to place intraday trades may find these reports helpful since these can prepare the trader for trading decisions to be taken in the day.
If you like your trading experience here, then you may choose to use the Motilal Oswal Refer and Earn offer and make decent money on each account you refer to this stockbroker.
Motilal Oswal Disadvantages
Here are some of the concerns if you become a client of Motilal Oswal:
Irregular Brokerage – Complaints around brokerage promised and brokerage charges have been raised in the recent past
Advisory Services – Recommendation tips are not that promising as some of the other full-service stockbrokers
Hidden Charges -Make sure you understand some of the hidden charges, that you might not be explained at the onset.
“Motilal Oswal has received around 21 complaints for the financial year 2020-21 at BSE and NSE.”
“Motilal Oswal is a reasonable option as a stockbroker for both traders and investors. So whether you are looking to make short-term profits or long-term investments.
Established in the year 1987, Motilal Oswal is among the earliest stockbrokers in the country and enjoys a trust factor among traders. This is backed by the fact that the broker has over 4.4 Lakh active clients
Motilal Oswal can certainly be considered one of the best when it comes to research. However, it does need to come clear in its Pricing.
Talking of the negatives, the most glaring are their brokerage plans, which can be misleading and there have been cases reported around some hidden charges at a time.
Thus, a little caution from the customer’s point of view is suggested.
Other than that, the trading platforms across devices are good to go along with better than average customer service.
To finish the Motilal Oswal review, we would say that the broker gets a big up from our side and the merits outweigh the concerns associated with the brand.”
Motilal Oswal FAQs:
Here is a quick look at some of the most frequently asked questions about this full-service stockbroker:
What are the account opening charges at Motilal Oswal?
To open an account with this full-service stockbroker, you are required to pay ₹1000 for the trading account, while the demat account has no cost attached to it.
2. What is the research quality at Motilal Oswal?
The full-service stockbroker provides you with decent research reports, recommendations and trading calls through Email, SMS, Whatsapp to go along with the Motilal Oswal research section within the trading platforms offered by the broker.
It becomes much easier to make quick judgments by accessing the reports on the platform.
As far as accuracy is concerned, the broker provides better than Industry average quality to its clients.
3. Does Motilal Oswal allow me to invest in Mutual funds and IPOs?
Yes, the broker offers multiple trading and investment products including Mutual funds and IPO investments as well.
4. How many clients do Motilal Oswal have and how many of those are active ones?
As of June 2017, the full-service stockbroker has a client base of over 9,000,000 with 2,07,194 active clients.
5. What is Motilal Oswal Uppermost?
This is a mobile app by the full-service stockbroker offered to its partners, sub-brokers and franchises where the users can get access to its own client data, the corresponding brokerage generated and other details specific to the partner’s business.
6. How much is Motilal Oswal AMC (Annual Maintenance Charges)?
To maintain your Demat account with the full-service stockbroker, you are required to pay ₹400 on a yearly basis. Trading account AMC or annual maintenance charges are nil.
7. How is Motilal Oswal’s mobile app?
Although the full-service stockbroker offers multiple trading platforms to its clients across devices. As far as the mobile app is concerned, it is good to use as far as performance and user experience are concerned.
However, there are few issues related to the number of features or usability of the application. As of now, it is certainly a recommended application for you to use for trading.
Trading in Motilal Oswal is simple, you just need to have a demat account with the broker for that you can refer to the Motilal Oswal Account Opening form below and proper guidance will be given to you.
9. Can I place AMO (After Market Hour Orders) with the broker?
Yes, you can place aftermarket orders i.e. order placing is allowed even after the market is closed.
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