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Motilal oswal was my worst nightmare. These finanical advisor which is assigned to are thick skin money sucking parasite. They are liars and dont believe a single word of them. They are not financial advisor they are sales parasite. These parasites are only interested in generating brokerage for their bosses and they dont give a about customer. I lost around 23000 rs in my first year. My bad experience turn nightmare one day where i made losses of rs 22000 plus 10000 rs brokerage. I lost 32000 rupee on that one day. They are big time liars, stay away from them Period. If you really wants to throw your hard earned money, throw away on street, it will help poor people rather than trusting your money with motilal oswal. Period. I learnt it in hardway. Hope my experience will save few investor. You cant trust them with your money.

Same story,

Based on my experience I have learnt the lesson the heard way.

I opened my demat account only for long term investment. And I clearly stated that in every communication with the advisors.

I got call from commodities for trading. They managed to loose money. (Around 35,000 ) Advisor names are Aaditya, Mr Mutthu and Jose.

Got call from currency... advisor Zeel vara. I told her I want to invest for long term delivery only. She started one SIP. and then went for currency trading... she and one more advisor managed to loose round the same amount in currency.

One more lady called for trading in banknifty ets. Lost double that amount. totally 1.4 lacs.

I am vary clear about their intentions and strategy.

1. They want brokerage.

2. They train their advisors to look for vulnerable customers and then start edging them to agree for intraday, currency, commodity etc.

3. They are thick skinned and do. It care for you and keep on insisting that you should try that.

4. They make you give consent for the trade so they argue that it is done with your consent.

5. They will never agree that they are trying to dupe you into trading and so that the broker gets the brokerage.

When I asked Vandana (she was the last one to call) tell me in the name of God that you are not trained to edge customers for trading—— and she was silent....


So conclusion. Never trade based on insistence of the advisors of MOTILALA OFS. They will manage to make losses fir you for sure.

Very true. Motilal Oswal financial advisers are fraud people. Every 2 days, they change your financial adviser who incurred you heavy losses and the new one will express ignorance. Without your knowledge, they play with your money. I also lost 23000 in a single day, though I warned them not to play with my money. But these rascals don't listen and cheat people. Never open account with them