Motilal Oswal Review
I have an Offline account with Motilal Oswal Securities Limited (MOSL) and so my review will be from the offline account point of view.
Positives
- Brokerage is lowest and this is not based on negotiation but is always on the lower side for them. If you compare any other broker they lower the brokerages if you opt for digital contract notes but Motilal offers lower brokerages even for paper contract notes and if you opt for email contract notes only they may lower the brokerage further.
- Very good phone trading facility with adviser keeping tracks of your stock and advices you but to avail the off line trading facility minimum amount you should invest is 1 lac.
- Good recommendation and being an investor I always like the investing research more than trading ones and some of them I do share in the blog here as well.
Negatives
- They offer two type of accounts. Offline and Online but you cannot have both. I have an offline account but if I want to do anything using my PC it is not possible.
- As I have an an offline account I have no option to purchase mutual funds online.
- Very bad backoffice interface and it just does not work many times. Backoffice login does not work on latest browsers and you need to have WinXP and IE6 to see your backoffice ledgers
. - I have an account with them for quite some time now and the issue is their phone number just keeps on changing all the time. Each few months I have some new numbers to fetch before I can execute a trade.
All in all a good service to do some handsome trading but I am also planning to close this account for lack of good backoffice interface.
If you have some experience with Online account at Motilal Oswal or if you would like to add more to offline account review please share in comments below.
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Hi shabbir interesting write up. i have tried and tested motilal and my experience has been good with them. No bad experiences as such . i hope you will reconsider your decision
No I also do not have anything bad with them apart from some limitations. I recommended them in the past and also do so to an extent now.
Share Tips
well i have an account with sharekhan,as an invester i m satisfied with their services,u can trade online or offline it’s ur choice how u want to trade.however motilal oswal has lower brokerage and they provide more exposure than anybody.
Hi,
Its a good review of Sharekhan. In fact Shabbir Sir I also share same view that both Sharekhan and MOST are good. Its just that MOST charger are a bit higher. and that is the reason after successfully trading with sharekhan for the last 5 years I decided to work full time on share trading and so I took franchise of Sharekhan. So my humble request to all the readers to please check my site and if interested cpntact me for account opening at sharekhan.
Many Thanks
Ankur
Hi
I am an offline customer with Motilal Oswal from last 2 years and mainly trades through phone only, however recently they provided me a terminal through which even offline clients can buy/sell shares.
Also offline clients can purchase/redeem mutual funds and IPOs
This terminal gives me the option to trade on my own and also through my advisor as both can view the trading positions.
This terminal has got many advanced trigger alerts which are helpful for short term traders
Yes the same goes with me as well. I had My broker and now they are even upgrading that.