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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Charges are very high. For Each SIP of Rs5000 they are charging 28.75 as brokerage charges. This is harassment at its best. i wasnt informed of these high charges before account opening and now cant even stop before 1 year is completed. RM treats you like shit. "AAPKO PEHLE NAHI BATAYA KISINE TOH MAI KYA KARU" is the language used by RM.
they buy+sell) they say that they will advice you on trading but the guys as their representative are just some call center people who are like college failed people. once you open the account , they will show you their true face with massive hidden there are several consumer complaints against them for that). Motilal oswal is a biggest fraud broker in India. Never open account with them and if you already had you better switch to Zerodha or SAS online.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
252. Dhalu Mal Methani|| Link|May 26, 2017 12:32:57 AMReply
Brokerage charged higher than contract. My brokerage was charged earlier . 4% of share value or minimum rs. 20 which is higher. Now they charged . 4% of per trade they are cheating with clients. They charg brokage as their convince
Very very high trading charges and also not reliable . You need to.cross.check your trades at the end of the day through nse or bse documents.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Average Overall Experience - Below Average
Going through the several pro and anti comments by clients/traders it is clear that some hidden charges are not explained to clients, is 100% correct. Once I had requested Mr. Sinha the then Chairman Sebi to order all share broking com. to provide full informations like traded value by and sell bifurcated, brokerage charged , Cash outstanding in the client ''s Tr.A/C which will make understand by the traders the profit and loss pertaining to the style of their trading, most of the clients suffered loss in intra day trading mind it.
I have trading account in ZERODHA and MOSL .mosl charges high brokerage on basis of research ,which is not at all useful for traders .They told that they will provide advisor but they won''t .most important thing you can''t see your money in account .after two days of selling shares and after getting profits my account reflects negative balance of 30000 instead of 1.8L.Every time one has to worry as you don''t know what happened to your money .client code EAOPE0110
Unprofessional and untrained people are available in Hyderabad office. Pathetic service- no responses on queries raised. Various issues noted during last 6 months like, no prior information in change in brokerage structure. Selling off shares from my portfolio w/o any updates, misuse of POA.
Planning to shift form MOSL.
Ratings:
Brokerage - Below Average Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
ITs all fake, what the brokerage charges they are including profits of 300 in intraday and when bill comes it shows 150 only..means 150 are gone for taxes and brokerage. WHF ..i should recommend never ever to open account in this motilal company. idiotic person which give us false commitment before the opening of account
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
Sir I want to know your all broker charges ,tax etc . Suppose I bought xxx company at ₹100 qty 100. And sale that at ₹104 qty 100. Now please details your all broker charges ,etc Send me all details. My client code is EAOP8089
This is very bad brokers.my broker charge not as per representative say. And not start my segment. I have all ready signed all form but not activate derivatives option. My client code is eaop8089.
It''''s a fraud company which show something else while account opening and make fool of their customers
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Very poor service... Website does not show correct information
Brokerage charges though mentioned were .20% initially but they charge 2.5%; Customer service is very poor; MF SIP missed for a month without any reason and another MF purchased twice in a month without me being aware of.... one is not shared with escalation plan hence you are left on the mercy of the account manager.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor