Motilal Oswal Securities Ltd. (MOSL), a diversified financial services company with headquarters in Mumbai, India, was founded in 1987. Trading services in equity, commodities, currencies, and derivatives are provided by the organisation. It also provides additional products like gold, insurance, fixed income, mutual funds, and initial public offerings.
Retail clients (including High Net Worth Individuals), mutual funds, international institutional investors, financial institutions, and corporate clients make up Motilal Oswal’s diverse clientele.
For equity delivery, Motilal Oswal charges 0.20%, for equity intraday and futures, 0.02%, and for equity and currency options, Rs 20 per lot. For futures and options, the commodity brokerage fee is 0.02%, and it costs Rs 20 per lot.
Motilal Oswal Charges 2023
Motilal Oswal Account Opening Charges
| Transaction | Charges |
| Trading Account Opening | Rs 0 (Free) |
| Trading Annual Maintenance (AMC) | Rs 0 (Free) |
| Demat Account Opening | Rs 0 (Free) |
| Demat Account Annual Maintenance (AMC) | Rs 400 (Free for 1st year) |
Trading Brokerage
0.20% for equity delivery, 0.02% for equity intraday & futures, and Rs 20 per lot for equity & currency options are the brokerage fees charged by Motilal Oswal. The brokerage fee for commodities is 0.02% for futures and Rs 20 per lot for options.
Motilal Oswal Default Brokerage Charges
| Segment | Brokerage |
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs 20 per lot |
| Commodity Futures | 0.02% |
| Commodity Options | Rs 200 Per Lot |
| Currency Futures | Rs 20 per lot |
| Currency Options | Rs 20 per lot |
Motilal Owal Trading Software (Motilal Oswal Trading Platforms)
The online trading software available from Motilal Oswal is diverse. Here are a handful of the well-known trading platforms that Motilal offers:
- MO Investor Mobile App
- MO Trader (Exe, Web and App)
Additional Information
| Offline no. brokerage / registered AP. | 5,000 + |
| Research & advisory services | Yes |
| Referral amount | Rs. 500 |
| API charges | Free |
| Call & Trade charges | Rs. 25 Per Order |
Advantages and Disadvantages of Motilal Oswal
Advantages of Motilal Oswal:
The benefits of Motilal Oswal are as follows. Before creating an account with Motilal Oswal, you must read the advantages and cons of the company. The pros and drawbacks of Motilal Oswal can help you decide if it is the right investment for you.
- 20+ years of trading and investment experience.
- A wide range of investment options, including fixed deposits, mutual funds, IPOs, and equity and derivatives.
- Free of cost Research Advice
- Free trading application.
Disadvantages of Motilal Oswal:
The drawbacks of Motilal Oswal are as follows. Look at the list of Motilal Oswal shortcomings.
- Very expensive brokerage fees in comparison to other full-service and discount brokers.
- Does not provide a 3-in-1 account.
Motilal Oswal Complaint
The number of Motilal Oswal customer complaint received by the exchanges. The Motilal Oswal consumer complaint report helps understanding the Motilal Oswal Securities Ltd quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
| NSE | 2022-23 | 805,125 | 516 | 0.06% |
| BSE | 2022-23 | 326,006 | 33 | 0.01% |
| NSE | 2021-22 | 896,851 | 445 | 0.05% |
| BSE | 2021-22 | 270,382 | 50 | 0.02% |
