NIFTY 50: 24,837.00 ▼ -225.10 (0.90%) NIFTY Bank: 56,528.90 ▼ -537.15 (0.94%) FINNIFTY: 26,808.00 ▼ -238.30 (0.88%) BSE Sensex: 81,463.09 ▼ -721.08 (0.88%) Nifty Midcap Select: 12,925.90 ▼ -181.75 (1.39%) BSE Bankex: 63,043.13 ▼ -498.68 (0.78%) India VIX: 11.28 ▲ +0.56 (5.22%) NIFTY 50: 24,837.00 ▼ -225.10 (0.90%) NIFTY Bank: 56,528.90 ▼ -537.15 (0.94%) FINNIFTY: 26,808.00 ▼ -238.30 (0.88%) BSE Sensex: 81,463.09 ▼ -721.08 (0.88%) Nifty Midcap Select: 12,925.90 ▼ -181.75 (1.39%) BSE Bankex: 63,043.13 ▼ -498.68 (0.78%) India VIX: 11.28 ▲ +0.56 (5.22%)
Motilal Oswal Review 2025: Complete Charges, Pros, Cons & User Ratings
Flat Brokerage Rs 20/lot + Free Account Opening + Free Intraday Trades + Free Research + Free Demat AMC 1st year.
Motilal Oswal is a legacy full-service broker with 10,08,049 active clients (2025), 35+ years of industry experience, and a strong research focus.

Motilal Oswal offers a wide range of investment products, free research & advisory, and a nationwide branch presence. With lifetime free intraday trading and award-winning research, it stands as a top choice for traditional and modern investors alike.

Why Motilal Oswal in 2025?
Motilal Oswal is the only full-service broker to offer free intraday trading for life, along with free research, PMS, Smallcases, and a strong digital + branch presence.

Motilal Oswal Charges & Brokerage (2025)

Account Type Fee
Trading Account Opening Rs 0 (Free)
Demat Account Opening Rs 0 (Free)
AMC Rs 0 (1st yr), Rs 240/year (after)
Account Admin Charges Rs 199
Segment Brokerage
Equity Delivery 0.20%
Equity Intraday Lifetime Free
Equity Futures 0.02%
Equity Options Rs 20 per lot
Commodity Futures 0.02%
Commodity Options Rs 200 per lot
Currency Futures Rs 20 per lot
Currency Options Rs 20 per lot

Hidden Charges: Standard taxes (STT, GST, SEBI, stamp duty) apply. Margin funding and call/trade may incur extra charges.

Motilal Oswal Trading Platforms

  • MO Investor App: For investors – stocks, mutual funds, IPOs, insurance, and more. Rating: 4.2/5 (Google Play, 1M+ downloads)
  • MO Trader App: For traders – advanced analytics, F&O, charts.
  • Desktop/Web: High-speed terminal & secure web trading.
  • PMS/Smallcase/Smart Baskets: Curated portfolios for all investor types.
Motilal Oswal Platforms

Motilal Oswal: Pros & Cons

Advantages
  • 35+ years of experience & strong research
  • Lifetime free intraday trading
  • Wide investment options (stocks, F&O, IPO, MFs, insurance, PMS, Smallcase)
  • Free research, daily advisory, personal RM
  • Branch support across India
Limitations
  • High delivery brokerage vs. discount brokers
  • No 3-in-1 account
  • Some legacy UI in desktop/web platforms
  • Occasional cross-selling by RMs
  • Account closure is offline

Motilal Oswal Margin & Leverage

Segment Margin Requirement Max Leverage
Equity Delivery 100% of trade value (T+5 days) 1x
Equity Intraday Up to 20% of trade value 5x
F&O (All) 100% NRML margin 1x

Motilal Oswal Ratings ★ ★ ☆ ☆ ☆

Average rating: 2.2/5 (148+ customer reviews)

Service Quality & Complaints

Motilal Oswal maintains a transparent complaint record, with most issues resolved rapidly for their large client base.
Exchange Year Clients Complaints Ratio (%)
NSE2025-2610,08,049700.0069%
BSE2024-256,13,313250.0041%
NSE2024-2510,14,87510780.11%
BSE2023-244,85,252990.02%
NSE2023-248,93,2184980.05%

Frequently Asked Questions

Is Motilal Oswal safe?
Yes, Motilal Oswal is SEBI-registered and a member of NSE, BSE, MCX, CDSL, NSDL. Funds and shares are held in your name.
What are Motilal Oswal brokerage charges?
Equity delivery: 0.20%, Intraday: Free, F&O: 0.02%/Rs 20 per lot. See tables above for segment-wise details.
Is the Motilal Oswal mobile app good?
Yes, the MO Investor App is rated 4.2/5 with advanced features for all investors.
Can you apply for IPO through Motilal Oswal?
Yes, IPO application is digital and available through the app/web.
How to contact Motilal Oswal support?
Support available via branch, phone, and online ticket. Visit motilaloswal.com for details.
How to close Motilal Oswal account?
Offline closure only. Download, fill, and send the closure form to their branch/head office.
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