Motilal Oswal Customer Reviews, Complaints and Feedback (Page 5)

Would like to inform you that one of your employee Ritik tiwari invested my 💰 money forcefully on date 1St nov 2022.
I was not aware of anything where my money is use for trading wherein due to i lose my money of rs 66000 going into loss..
Employee was continued call me for these as i was already ask him to withdraw my money bcoz i need it lot.
I want my whole money back otherwise same i will escalate to SeBi.
Refer attached screenshot of whatapp chat.
I want to add one thing many time i have told him i don't have knowledge about trading still mr tiwari has forcefully done my trading and same day i was in huge l9ss which was never expected..
Since 15 months i am with Motilal Oswal i didn't face these kind of issues as my 2 advisors guided me properly but didn't keep me dark n did transactions but these guy totally missguide me as i was not aware of anything apart i was asking him to withdraw and he was asking about trading.
Need justice


Name. Anita Dhule
Location. karjat

Hi Anita, the same thing happened to me also, would you please advise if you got your money back from them, if yes then please help me with the procedure.

Cheaters they talk nicely to open account and wait 1 to 2 weeks then with 2 traders all ur capital gone for Only brokerage charges with losses i loss 55 k plz don't open account i don't no what i do know

not good

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor

Cheater team & company , please do not open account with Motilal Oswal, they are cheating innocent customers and made fraud with investors

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

I have a DMAT account opened with Motilal Oswal. I lost 85 % of my money due to mis-leaded trade by the advisor. so please be careful with your money. The company advisor is not competent enough to trade and they will lose all your money. Their response will be very vague and no confirmed trades are taking. Advisors are Bhavesh parbhate and Rahul Veghela. so pl do not trade with them.
Overall save your money by not investing in Motilal Oswal pl.
This is my experienced shared with you.
Regards
Kiran

I had account with closed as I invested money in a company they reccomend buy. What I realised they give buy only when big fish want suckers to exit so buy at resistance and sell on support no logic no nothing their brokerage is high. No reliability of reccomendation only ask to check their overnight calls

**Please read it complete or skip-
Motilal Oswal is a cheat company, it is true! - SEBI said it several times and fortunately we are in India so we have to dela with it.
It not a big firm nor a financial company in fact they are kind of self building there TRPs using social media platform like we we better know a few more firms where content and services are like they should not exist but they are, again we are in India so we have to deal with it.

Some authentic references -
https://economictimes.indiatimes.com/markets/stocks/news/sebi-levies-rs-17-lakh-fine-on-motilal-oswal-financial-services/articleshow/74404294.cms

https://www.moneylife.in/article/wiped-out-by-motilal-oswal-an-aggrieved-small-investor-won-in-consumer-court-but-got-shafted-by-sebi/28666.html

https://economictimes.indiatimes.com/markets/stocks/news/sebi-imposes-rs-25-lakh-fine-on-motilal-oswal-financial-services/articleshow/91267661.cms

Long story short - If you got hard earn money, do not use Motilal Oswal at all for any thing, still you got money go for it and the day (that will come soon, with in a month or so) when you will have your account NIL, you will get some decent business ideas that you could use further in cheating people business in a fair way, of course if your conscious allows you.

If you have gone through the other reviews, they all are true stories, it is happening with 99% (I came through across) of customers, will not repeat same things here apart from a few missing points that you must know when you are dealing with them.

Mo Investor and Mo Trader App provided by them are fully customized as per the user, they will only show you want they want you to have a look, you have to enquire and play emails to get the details and most probably the day you will get all the details, it would be your final day :).

There advisors got great skills to fool you around and trade blindly based on brokerage margins, and trust me they would not have any knowledge about market. They are poor simple people like us doing there job to generate max benefit for their own company for there perks.

So Advisors are zero, next you would be provided smart automated financial service subscriptions (I.e. TGS ) that will cost you around 30k. And you will come to know about these service again on your final day and you will beat your head because you have invested 30k for a subscription and you are not going to get even a single penny out of it. Most of the services are non refundable. You will keep on fighting and you wont get any thing back because you have agreed upon all the things and T&Cs.

How i agreed upon so many things that I never knew ? Flood of emails that you can not read each, Flood of calls will make you feel like a lot many things are going on to make a grand profit for you, Advisors will call you in so hurry that if you will not buy any product right away it would be a great miss of a golden opportunity that could make your life, and unfortunately you loose that moment every time. You will share OTPs and confirmations with advisors trusting them and they are buying products from market that are going to generate some benefit for you but in actual they sold you Motilal Oswal services. They are smart enough and trust me how smart trader you are you will end up buying some expensive service out of which you won't get any thing. Initial small trade a decent profit now its time for a big blind trade and grand loss but they earned what they wanted to earn and this is your final day, you will end up writing a review like this.

MO knows it well, customers will not last longer than 1-2 months with them, (It is very natural, in 1-2 months you lure of money will come down and you will come to know about how to deal safe in stock market, so you would not agree to pay any thing apart from your account maintenance) so they will force you to invest as much as possible initially.

In last 29 years they got 3 Lacs to 5 lacs clients shows you how big and efficient they are. I last one year they jumped from 5 to 9 lacs client and every body knows why (Market is down and every body is ready to invest in market so it not only Motilal who gained the clients).

So do you still think they are champs??, yes they are but only in cheating business otherwise they are fake!!

Motilal oswal is 3 rd class company , I have occurred huge losses they are no: 1 cheaters

You are totally right. This company is fully cheater. His advisors are also cheater and non cooperative.

With my hard earned savings I have deposited Rs 150000/- in my demate account which I have opened in Motilal Oswal, and picked some large cap equity stocks, I received one call from Shri Sourav Saha, and he introduced himself has Sr. Advisor who will look after my account, on the same conversation I told him that I am here for investing not for trading, but instead of advising me safer option he has advised me to participate in F&O intraday trade, I told him that I have no idea about F&O trading and all, I just want to buy some quality stocks for investing, I also told him that the current amount 150000/- may be required back so I don't want to take risk and stick with large cap equity stocks, but instead of advising me on picking up of good stocks he was repetitively saying to trade in F&O, the advisor repeated told that he can make profit of upto 1 lac on my current amount, the advisor shown me big dreams of making good profit in F&O quickly, I told him that I don't know ABCD of F&O i have zero idea of F&O even after instead of expelling me the risk and brokerage he was repeatedly saying he will make good profit for me. For the first instance i was not ready for F&O but after hearing him I thought if a Sr. Advisior of one of the repudiated compay is saying to to trade I agreed after that he sold my all the stocks on BTST, next day morning he called me and told that he will trade on behalf of me, in first trade there was 7000 negative he again called and given excuse that the stop lose trigred and he forced me to take participate in 2nd trade of the day, he also told me that he will recover me from loss, after hearing that I said ok, but in 2nd trade also there was another 11000 negative, till that time I was not aware of the charges of brokerage in F&O, on the same day I thought I will not participate further in F&O and invested my rest amount in earlier large cap stocks. Next day he again called me and asked me why I picked the stocks, he told me that we were planing something good for me in F&O again, at that time I clearly told that advisor the I don't want to participate in F&O I am already in loss, moreover I have no Idea about F&O, further he again started washing my brain and told me he can recover me from my all the losses again he sold my all the stocks and traded 3rd time with 30000/- loss, on the same afternoon one another advisor called me and told that Sr. Advisor Sourabh Saha has told him to do something for me for recovering from all the losses, he again traded 4th time with loss of 10000/- till that time i was not aware of the quantum of brokerage charges as it was not explained to me, on the same afternoon I called Mr. Sourabh Saha and asked what happened, he told me I am loss in around 90000/-, I am a middle class person If i get this type of loss you can understand my condition. My question is that the role of the advisor is to protect the money of the investor but in my case it was opposite, I have lost all my money in 2 days, by just brain washing of Advisor of one of the leading company. I know I will not get any refund of my loss my only request is to stop all this fake advisory. Strong action should be taken against the company and that advisor. After making 90000 loss that advisor has not called me back single time.

Really a group of cheaters and Sebi supporting blindly to fake company.. Modi govt must take action. Same case happened with me..looted 1.25 lakh rupees in name of brokerage and charge..I want to go court against motilal. If any want to join with me send message.

I agree you are right. Motilal Oswal Financial Services group is cheater. Never any type invest in his group.

Fraud And Cheating Company, they will say free account and they will collect money , if we ask them is there any email from us and that agent was left simply escape.

don''t trust this company

I agree your comments. Really Motilal Oswal Financial Services is cheater. All advisor of him also cheater.Never buy his TGS plan.

Just as a NRI, I escaped from this mosl cheaters. They have no basic any ideas or logic, just convincing invest million rupees...hahaha, specially Mr ravinder from mosl advice manager... Really he has no any brain, first call, he asking that invest millions of rupees... Immediately I understood they are cheaters. Escaped...

very worst customer service

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

Please take my complaint against XYZ consultant of Motilal . I don’t want any salaried people fooled like me. I lost 152000 in one day, for that I have no idea only I given concent. Your advisors are planning gambles, I am not that type of investor. In three days I lost my full saving’s. Don’t do this please. First educate about derivative then play. It’s not video game. Thanks

ID E520201

Thanks

I too had very bad experience with Motilal Oswal so-called advisors. They explain at the time of on-line trading that this trade is very profitable but when I bought that trade i suffered loss. Then after couple of days another expert advisor called and asked me to trade in commodity but i said I don't know how to trade in commodity. She said its very profitable if you allow me i shall trade in your behalf as the call was on recording mode. She also made me suffer losses. Finally, yesterday one more adviser called and was very confident about trade today on 25th jan. When I asked for STOP LOSS, she told me she was confident that trade in BankNifty would reach the Target. It was total loss 40k. I had earlie lost 30k through their Advisors . During training, they teach about Stop loss but in practical trades, Advisors are overconfident that target will be achieved. It was a very sad experience.

They are no1 cheaters never ever believe this guys they have duped me more than 3 lacs

Very bad experience with Motilal oswal mofsl. They force to invest money. But in return give a major lose. V bad custmer service. Don’t invest in this company. It os just waist of money.

Worst company to trade, highly unqualified employees, trust me everyone they don’t the basic of stock market, i guess this company’s employees have trained by watch wolves of wall street. They will tell you sir yeh position bana hai woh bana. They will try to lure you with Fake ROI but never trust them.

Very high brokerages.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Above Average
Overall Experience - Below Average

i have my demant accout with motilal oswal, this account i open only for SIP , for one and a half year i invasted Rs.180000 in my SIP, these guys keeps on calling me for more investment still i just stick to SIP only,
they brain washed me for trading intraday or F&O and just told me that they can trade on behalf of me. they were calling n number of times in a day to convience me. finally i convinced as they said they are expert and they will trade and make me profitable. i gave my concent (it was totally brainwashing thing) i already told them i m not aware of market and dont have any idea about F & O still they said they will trade on behalf of me.
then within 2 days i lost my rs. 147000/-(which was my hard earned money ) i really think cheated. my total capital which i invasted through my SIP is gone to down i really feel like cheated

i want my hard earn money back
after that i read several similar complains

Service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent

They are cheaters. They had made lot of calls and convinced me that they have lot of top researchers and don't make any loss . I convinced and I have shared login details to them but with in two days i have lost Rs.85000/- ( My total investment was 1 Lakh). So please please don't trust these people

I have Opened my account with MOTILAL oswal. They have called me minimum 10 times a day which was useless. I have kep recieving calls why did I withdraw my amount of 5000 which I deposited earlier. I had to explain the reason. Now also they keep calling from different different numbers. Its really frustrating and unpleasant experience that I have decided to close my account.

I completely agree with your points.. Now i realized my mistake trusting advisors (after loosing so much money). Advisors only trade for the benefits of their company. Now we cant blame them because i blindly believed them & traded their advice. only i can & i did is to close the demat account of so called Motilal Oswal & at least save hard earned money for my family needs.

200/- rs. Brokerage per lot for commodity, Motilal oswal is a cheater company & they will gonna mad you by calling everyday & provide fake calls only, when your funds will be 0 only that time they will stop to calling you, worst very worst experience with MO, I suggest the broker you not heard before is greater than MO