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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Brokerage - Below Average Account Maintenance Fees - Average Website Usability - Above Average Research Capabilities - Average Customer Service - Excellent Overall Experience - Average
Motilaloswal , Very horrible , how come they have got such a marking. All their advices are below average! They advise to buy when Market is up and sell when down! I have already lost 15K. I think with my limited knowledge I can trade better. Do not let them give you advises. I have written emails to them but hardly anyone replies.
Even , I have written to their Supreme Authority to act but no response. Today , I let them do the last trade and again they have brought loss !! One month , I wanted to see their efficiency and found below average. So transferred rest of the balance to my bank. Do not make account to Motilal Oswal Securities . Even , you want to do the daily trading then do buy yourself. I have given this opinion after trading one month with them.
I have opened a new demat account in motilal oswal and within one month I have to compain SEBI for two times for not giving me Free M100 ETF and not able to transfer funds from my saving account to my DEMAT ACCOUNT. I have written to their MD and at query and grievance cell , but got no response. Their commodity research is 70% correct but currency research is 10% correct. I have lost 50% of my money within one month. Their intraday trading and swing trading calls are 20% correct. There commodity calls are 80% correct, currency derivative calls are 1% correct. I did complain to SEBI 12 times but no improvement. After 4 months I have last 80% money. If you like to lost your money at fast pace then do join MOFSL demat account. They have earned a lot from me in 4 months but on quality service part 99% false.
Actually Motilal Oswal (MOSL) has too much of superiarity compelx. Their each staff feels they are the Chairmen of the Company. I had almost exactly similar experince like you, but that time their MD was a decent professional guy (who now resigned) and he helped me. During my recent one incidence of their webinar I attended and then the MOSL team were messing up with NRI investment process etc., I also had to go to their MD and he did not even bothered to revert of help or directed my case to someone within MOSL. He is useless. In MOSL, once you have a RM (in my case my broker) they simply say that I can not contact MOSL directly. I must come through broker. Is this sensible? May be some one has problem with broker too! Believe me they are Ok to lose the business, but finally I had to drop that investment plan.
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Research Capabilities - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
404. K Ramakrishnachar|| Link|June 17, 2021 1:54:33 PMReply
Poor response to cash transfer several times ?
Ratings:
Brokerage - Above Average Account Maintenance Fees - Above Average Website Usability - Average Research Capabilities - Average Customer Service - Above Average Overall Experience - Average
This is one of the biggest lutera company ..no timely calls which they commit when u open account 2..most of the time wrong calls 3..charge high amount than other 4..staff is very bad and they just focus on big amount trade so that they will get more brokerage and don’t care thr client will get profit or not .. 5..thr team never reply in emergency Overall very bad company ..many other good options available never go for Motilal
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Above Average Research Capabilities - Average Customer Service - Very Poor Overall Experience - Very Poor
I don't know about this company bad or good but in this company clients are doing so wrong. They are calling the students and after joining them, they can tell the candidates to given the wrong reviews like these peoples are telling the candidates like this is your technical interview so you can give the review and send me a screenshot. Even though the candidates dont know about the company also the candidates giving wrong reviews. PLEASE AWARE FOR THESE TYPE OF REVIEWS....
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Research Capabilities - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
Brokerage - Very Poor Account Maintenance Fees - Below Average Website Usability - Very Poor Research Capabilities - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
Not happy with motilal oswal , takes high charges , Advisers are not able to give satisfaction answers. I have felt very bad by open account just in 3 Day.
i am trying to close my D mat account for the last couple of months. They are not closing and making excuses
Ratings:
Brokerage - Below Average Account Maintenance Fees - Very Poor Website Usability - Below Average Research Capabilities - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Ratings:
Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Average