With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso...
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I first used their PMS.THEy sold all my blue chips and purchased penny stocks. Thereby reducing the n e from 26lacs to 20, Lacs Whereas if I kept those shares as it Is it would have increased to 36lacs by conservative estimate. Thereafter I converted the PMS to normal demat. Hereagain they coaxed me to a trade knowing fully well that they're taking the trade against the trend.thereby causing loss of 50000. Thereafter also cajoled to take new trade to cover this loss which I declined. Apart from that there is lot of nontransparent things are there. Although I have mandate for nominee it had not been registered
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
If any one going to open the trading account or already have the one, please beware of personal advisors in Motilal. They never bothered of your hard earned money. I made huge loss just within one month by putting trust on them. Only they are interested to earn more commission by putting your money in risk. Dont opt for any plans or packages in hurry without thinking twice or thrice. Brokerage charges really high in market.I observed their all types of trading platforms are technically sound without any technical glitch at any moment.
Motilal Oswal Securities Ltd is the worst brokerage firm.Very poor advisory service.I had lost almost 80/90 % in last 1year 10 Days only because of poor advisory. All the calls provided them are so worst that it will happen in the reverse. The staff work for there own earning (commission) & not for clients good. I don't see a single reason to recommend you to anyone. EAOP11139
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
This to bring into your notice that Motilal Oswal is cheating . This is a fraud company. I invested Rs. 5000 to trade but they deducted 4600 and activated value packs and amc free services without giving full and proper information and I also told them before hand that I dont want any other service and want to make full use of the amount that I am investing. Dont fall in their trap because they are here to loot money and also they deduct money without clients permission. They think clients money is their own property and can anything with the money and they dont even bother to reply also.
The worst part of Motilal Oswal Securities Ltd is very poor customer support with false commitment while opening the account. Will never refer anyone. Also planning to close the account after seeing the customer service & false commitments withing 3 monmths of account opening.
Ratings:
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Average Customer Service - Very Poor Overall Experience - Very Poor
Brokerage - Very Poor Account Maintenance Fees - Average Website Usability - Average Customer Service - Average Overall Experience - Below Average
331. Parvathy T S1|| Link|June 25, 2019 5:01:08 PMReply
i do not recommend to open demat account or trading account with this broker
Ratings:
Brokerage - Below Average Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
330. E V Subramaniam|| Link|May 30, 2019 2:25:55 PMReply
The calls issued in the last one month are majority of them are wrong. Lost 50%of money.
I'm a naive in this trading and there is no proper training as well. My experience is a major debacle.
Ratings:
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
Brokerage - Very Poor Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Average
Motilal Oswal Securities Ltd is the worst brokerage firm.Very poor advisory service.I had lost almost 40-50 % in last 4 months only because of poor advisory. All the calls provided them are so worst that it will happen in the reverse. The staff work for there own earning (commission) & not for clients good. I don't see a single reason to recommend you to anyone.
One of the worst F*** brokers. Don't open an account with Motilal Oswal Securities Ltd (MOSL) at any cost and never trust them . These guys (Advisors) will always ask you to use margin so that they can earn more brokerage from you. Very Bad accuracy (only 10% correct) Don't open an account if you don't want to loose you money. PZ5950
In account opening motilal oswal says 1 St year AMC free and 2nd year 250 +++ Gst .... But ledger check that charges 1050+++ Gst in 1st month ...and other hidden charges very high.... Others segment Brokers No Demate charge and free Brokerage... But motilal oswal says 1 St year free But charges 1050+++Gst
Motilal oswal says 1 St month Online Brokerage credit in account But Not credited
EAOP6484 - the charges seems to be high. the mobile app hangs and in the crucial juncture it doesnt function. Especially in the morning 9.15 market opens but the app doesnt work properly (dont show the exact value of stock prices) upto 10 am...
pathetic service
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Below Average Website Usability - Very Poor Customer Service - Below Average Overall Experience - Very Poor
I have observed,that most of the comments are negative. My experience is also very bad . Transparency in brokerage is very poor and hidden charge are extremely very high. Trading in Motilal Oswal is only to loose money.
Rating Brokerage High Account Maintenance Fee High Customer Service Very Poor Overall Experience Very Bad
Motilal Oswal is fraud broker , they removed shares from demat on same date of trade even before settlement should happen on T+2 days, shares should have been removed on next day or T+1 day , same trade from reliance securities got buyback offer as shares were removed next day . Such thing I have never seen in last 10 years in share market .On enquiry Motilal said do whatever you want to do we dont care . Even after politely explaining them whole thing they never agreed to their mistake , because of them i lost 50000/- . These guys will do whatever they wish and also dont agree to industry standards , they will do things which profit them , now my buyback offer would have gone to these guys and have snatched my money . Never trust them , for god sake.
This is the worst brokerage firm The calls provided by them are so worst it will happen in the reverse . The charges are very high and money would be debited from your bank account but not credited to brokarege account this is the worst brokerage on the earth lost almost 2 lakhs in just 3 months my client is is EAOPE6934
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor