Motilal Oswal Complaints

Dear motilal oswal team ,

This is to inform you that Mr. Suman .. agent who works there (Motilal Oswal) has done cheating with us . Whatever he told us did not do anything I did not profiled single amount and without our knowledge he invested our hard earned money in some subscription which is not even returned to us. Now he is saying I m tring but I did not get any amount till date. I invested 1 lakh rupees in MO invester 30k lost in market with his lack of knowledge and attention. Now 35 thousand money he used in subscription which is worthless. I want my money back. Unless I will complain in consumer forum.

I'm Kalpana Pratapn, an HNI customer with a portfolio of over 55 lacs. I'm extremely disappointed, due to some intenal data entry hassle the MICR code of my linked account was erroneously fed by MOSL , due to which I have not been receiving my Dividends since Jan24. . Despite followup with the Local hyd team Anusha and also sending the Client Master list, I do nit find any resolution.

I'm disappointed and shocked about this ibdifference

Sir I am loosing money because of your advice.please dont give any advice if you are not confident.commodities and nifty dont fool your clients. thank you

If I buy shair from. Myself,but brokerage charges deducted. How?
I didn't take any suggestions,then why.even some shair bot in motilal k
List.
How can I solve to stopped to pay brokerage if that shair by .myshelf.

Motilal Oswal company is a very bad company, always deducts customer's charges without any information.and taken hidden charges too high

I have checked brokrage charge different in 2 accounts. How?
If I want to reduce brokerage charge ,what should I do.
If I a. Not satisfied with this current agent.shoud I close accounts or sweep.please guide.

I have lost 12 lakh .How to recovery? pls help.

I will help u if u want

An ass will pick you profitable stocks than MOTILAL's TGS.

Mera pesa 29900 Rupees vapis khateme sahiye

SEND ME UR QUERY WITH DETAILS :

Ratan Dutta ji, pls provide your contact and how will you help me with taken details.

I have recorded conversation of all the trades taken beyond my approved limit of loss and their incompetent advise without having strategy played with my money and made loss in 2 hours after their deep sleep on given call which was not in my understanding. I lost 78000 in 1 day and they are totally insensitive- unprepared and foolishly calling me from senior advisory team to regain their money on guarantee and assurance that they will give me return better than that and i will be in profits within month trades. they are doing nothing but earning their commissions from client's hedged money. please ask them Performance bank guarantee or their 50% compensation on lost amount and offer 52% commission in return on gained amount with margin money involvement before taking such calls.

Totally I have lost 12 lakh rupees in Motilal Oswal.
I have not profited even a single rupee.

SEND ME UR QUERY WITH DETAILS :

Motilal Oswal is one of worst broking company in India, just fraudulent finance company, only intention to make profit through cheating poor customers through debiting charges, they themselves changing customers plan dp plan their own choice to make money without customers signed request..there is no transperancy for their plan and charges,, please careful and cautious while dealing with such team..

Motilal Oswal and their advisory services is a fraud. Through their advisory services they just lure and entice their clients with false expectations of high returns and compel you to invest in options for which they charge huge brokerage with fake claims and start trading on your money as they wish and finally at the end of the day cut a sorry figure. In the beginning they will tell you that your profile the loss is huge and they will promise that they will recover the loss and earn a very good profit. Yesterday, their advisor contacted me and told that there is a loss of 15% amounting to nearly Rs 33,000/- and he will recover the entire loss and earn additional income.As I was not convinced with his version and as I was aware that they will work for the benefit of their company and not for the benefit of the client , he explicitly told that the brokerage and the profit would be in the ratio 2:6 and he will take the trade only if it results in such return. After discussing for more than an hour, he got me in to a forex trade and after entry I was told that the market is not going as per expectations and hence has to be exited at stop loss.This exit at SL resulted in loss of around Rs 11,000 but the total loss on account o f that trade was informed as Rs 82,500/- which includes Rs 60,000/- brokerage and another Rs 11,000 as GST.All these things were not at all informed clearly, it was just told that it would definitely result in huge profit. Today again they repeatedly came on liine asking me to bring in more funds to recover the losses.The advisor and another person said to be his senior insisted me to add bigger funds. As I made up my mind as any funds added will also wiped out in the shape of brokerage I did not accept for it and demanded for waiver off brokerage as it was quite contrary to what I was told.It appears that this entire advisory services of the company is a fraud. So don't fall into the prey and invest in MO. SEBI and Government of India must investigate the malpractices and unethical practices indulged in Motilal Oswal administration and ban the advisory services of the company and save the hard earned money of poor innocent investors from getting wiped out by this fraud and cheating done by the advisory services of the Motilal Oswal company.My Client Code is MOQ2017 and I have recorded the entire conversation of the Advisor and I am going to file a case for waiver of the Brokerage levied to me and for initiating stern action against MOFSL.

Same happened to me.

I have opened Dmat account with motilal oswal and my account ID: RHLG0007. I want to close my account and i am struggling as the broker does not allow me to close my account. I have filled up account closure closure form and submitted to them multiple times. They only return back with stereo type messages to re-consider and continue. Please be ware while opening account with this broker. There customer care responses are very vogue and you will end up without solution.
Motilal has the worst customer crae setup. Worst broker services dont fall in trap with this company.

Bogus company. Their incompetent advisors will lure and entice you with fake expectations of high returns and compel you to invest and also buy insurance policies with fake claims and start trading on your money as they wish and tell at the end of the day how much money you have lost without giving you proper clarity. Similarily in a matter of few days they will wipe out all your funds. To make you recover your loses they will insist on you to add bigger funds and wipe it out as well. All complaints to their greviences department and customer care department goes unattended, as the company itself is a fraud. Don't invest in MO. SEBI and Government of India must investigate the malpractices and unethical practices indulged in Motilal Oswal administration and ban the company from their trading services to save the hard earned money of poor investers from getting wiped out by this fraud and cheater Motilal Oswal company.

Moti lal Oswal ne bahut jyda cheat kiya misguide kiya product ki knowledge ni dete sahi se or active krwa dete h mere 50000 ka loss krwa diya brokerage k liye value pack krwa diya or fir wo bhi misguide kiya

CLIENT CODE AY414.MY PROBLEMS HAVE STARTED SINCE FINANCIAL ADVISOR DEEPESH GUPTA HAS BEEN APPOINTED BY THE FIRM FOR MY CLUENT ACCOUNT.THE FINANCIAL ADVISOR IS EXPERT IN HOW TO MAKE LOSSES.I HAVE COMPLAINED TO SEBI .EVERY TIME THE FINANCIAL AFVISOR GUIDES ME TO TRADING AND ENDS UP MAKING LOSSES. WHY DOES MOTILAL ISWAL CHEAT HIS IWN CLIENTS WHO PATRONISE HIM. I DOUBT THE TRAFING CONDUCTED BY THEM IS NOT GENUINE.

warning
Motilal Oswal is worst broker/ traders platform. The advisors shall push you to the ages to invest and then ghost you after losing your money. Till you have ledger balance or margin or pledge margin they will try and test their assumption and shall never contact you once you have lost everything on their suggestion using the fact that you had said CONFIRM on their suggestion.
The brokerage rate is high like hell. I made a profit of 34,500/ and my brokerage cost was more than 39,000/. so at the end of the day i was suffering the loss of more than 5000/-.

Their TGS Program is NON REFUNDABLE they will never tell you the same before deducting the amount from ledger. After that the head will bluntly refuse to refund. Be Aware.

Stick to your decision do not listen to advisors they work for volume transaction only without any experience. They are just worried abt the volume of transaction irrespective of their multiple insists and request just do not listen to them .... your confirmation ( just one word 'confirm') your loss is the simple rule.

Hi,

I have seen quite a few issues in services provided by MO.

1. Cost per lot charged to me is rs 200 (buying and selling).

I have asked for reduction of the same as there are brokers who charge about 20 to 40% of what you are charging. I am paying almost 1000 to 1600 per day for brokerage.My advisor was ready to reduce it a week ago but still I am charged same. Not sure why?



2. I have raised a complaint 2 weeks ago regarding terminal issue but still there is no response from my advisor Prathamesh or IT desk of Motilal Oswal.

Such negligence has costed me few thousands.

You are not giving proper advice on commodities nifty call and put options.sir. I have loss so much amount.please give correct advice.this is my request.

Dear sir ,
      I was trade with motilal oswal software since six years I want to resister complaint against your software
which have problem on the date of 30.04.2020 due to this I have lost my all money one day before
I have balance Rs.15000 in my account and at the day end of 30.04.2020 I have hold the Apollo tyre 795
share which cost of Rs 77877 how system accept this this I don't know , how possible to by it and hold that qty.
Your executive told me on that there was some system problem we will settle this In next trading
session mean while Miss Vaishalii call me on Saturdays and told me you have Tata motors 47 stock
which I can't see in my account will square off by her on Monday she told me she will call mi on Monday morning.
On Monday I wait for her call but on Monday market goes down I do exit from my Apollo tyre position
My net position shows Rs -66000 balance but when at day end I check how they do this I can't understand.
Then call number of times but each time your executive told me on that day there is system problem they will resolve very soon.
Next day I have remain account balance only Rs 940 and executive told me after settlement this is your balance and I have to accept this. Sir I accept I was do number of trade on that day but I was not hold any stock in my account that day .
Sir how I accept this I request you to check my account details and take necessary action to get my money back.
Thanks
Regards
Rajesh Jadhav
CYS030

U register with the nice plus portal of NSE Investor services cell and upload ur sequence of events and call recording and ledger balance in a sequential manner.They will seek them an explanation.
There is another body called Resolver India where also u we'd to have ur supporting documents documents uploaded and then wait for matter to be taken up.
Hope u will get some justice.

App down for unlimited time...account opened quickly but POA form not uploaded...so auction happened profit on sale gone plus 10000 loss...whoever is advisor never lifts phone during trading hours...closing account and shifting elsewhere

This kind of activities is only bread and butter of MOSL.
However nice plus portal of NSE can be of ur help.
Another body is Resolver India where u have to upload ur docx in support of ur case for resolution.

Client ID - EAOPE67017
I've Already Given my Documents for Account Closure and Scrips Transfer 1 Month Ago But no One is following up with it. As Per Market Fluctuations I am Facing Huge losses as my Scrip Market value is Going Down and I am Unable to Sell it as I've Already lodged Account Closure Request.
I Request You to Close My Account ASAP to Prevent Unnecessary Future losses to me.
As I've Already waited from last 1 Month after Submitting Documents, I wish that you provide no further time to wait.
I Also Received Call from Person Named ABDUL SHAIKH and he Kept saying all the time that the Account Closure is already Processed.
But It is not yet.
I also received Final Email from your side on 25th July, indicating the Transfer is already processed and Will be done Within T + 7. but already 15 days have been passed.
Why All are Saying Lies.

This kind of activities is the only bread and butter of MOSL.However Nice plus portal of NSE Investor services cell shall make u teach ur logical end .If the compliant gets denotified then an arbitrary can be seeked.
However there is another organization known as Resolver India where u need to register along with supporting docs to resolve ur issue.