Motilal Oswal Reviews & Ratings

5/5

“High Brokerage Compared to Discount Brokers”

While the research tools are commendable, the high brokerage fees made me reconsider my choice, especially when discount brokers offer similar services at a fraction of the cost.

Pros : Provides comprehensive research and analysis tools.

Cons : Brokerage charges are significantly higher than those of discount brokers.

Switched from : Groww

Reason to switch : I aimed to reduce my trading costs by opting for a discount broker.

4.6/5

“Cumbersome Offline Account Opening Process”

I opted to open my account offline due to personal preferences, but the process was longer and more complicated than expected. It would be beneficial if they streamlined this procedure.

Pros : The online platform is user-friendly once set up.

Cons : The offline account opening process is tedious and time-consuming.

Switched from : HDFC Securities

Reason to switch : I was looking for a broker with a more efficient offline account opening process.

4.5/5

“Concerns Over Regulatory Compliance and Transparency”

While Motilal Oswal has a reputable history, I became apprehensive after reading about issues related to their compliance and transparency. This made me reconsider my association with them, as trust is paramount in financial dealings.

Pros : Motilal Oswal is an established name with a long-standing presence in the financial market.

Cons : There have been concerns regarding their regulatory compliance and transparency, leading to a lack of trust among some investors.

Switched from : HDFC Securities

Reason to switch : I sought a platform with a clearer compliance record and greater transparency to ensure the safety of my investments.

4.5/5

“High Brokerage Fees and Poor Customer Service”

I was initially attracted to Motilal Oswal for its diverse investment options. However, I soon realized that the brokerage fees were eating into my profits. Additionally, whenever I had issues, reaching customer service was a hassle.

Pros : The platform offers a wide range of investment options.

Cons : The brokerage charges are quite high compared to other brokers, and the customer service is unresponsive.

Switched from : Zerodha Kite

Reason to switch : I wanted a platform with lower brokerage fees and better customer support.

4.5/5

“Misleading Advisors and Hidden Charges”

After opening an account with Motilal Oswal, I was constantly urged by their advisors to invest more. They assured me of certain returns, but I ended up facing losses due to hidden charges I wasn't informed about.

Pros : The account opening process was smooth and quick.

Cons : Advisors provided misleading information, leading to unexpected charges and losses.

Switched from : Angel One

Reason to switch : I sought a platform with transparent charges and trustworthy advisors.

4.5/5

“Opaque Pricing and Complex Fee Structure”

Navigating through Motilal Oswal's fee structure was a challenge. I often found myself paying more than anticipated due to hidden fees. A clearer pricing model would greatly benefit users.

Pros : Offers a variety of financial products under one roof.

Cons : The pricing is not transparent, and the fee structure is complicated.

Switched from : 5Paisa

Reason to switch : I preferred a broker with a straightforward and transparent fee structure.

4.3/5

“Inconsistent Customer Support Experience”

While I appreciated the variety of investment options available on Motilal Oswal, I faced challenges with their customer support. There were instances where my queries took longer than expected to be addressed, which was frustrating during time-sensitive situations.

Pros : The platform offers a comprehensive range of investment options and tools.

Cons : Customer support can be inconsistent, with delays in response times and resolution of issues.

Switched from : ICICI Direct

Reason to switch : I needed a platform that offers prompt and reliable customer support to assist me effectively in my investment journey.

4.3/5

“Lack of Flat or Discount Brokerage Plans”

As someone who trades frequently, the absence of discount brokerage plans at Motilal Oswal made trading costly. Introducing such plans would attract more active traders.

Pros : Offers a range of investment products and services.

Cons : Does not provide flat or discount brokerage plans, making it expensive for frequent traders.

Switched from : Paytm Money

Reason to switch : I was in search of a broker that offers economical plans for frequent trading.

4.3/5

“Unreliable Trading Platform”

While I appreciate the in-depth research reports from Motilal Oswal, the trading platform's unreliability has cost me several profitable opportunities. It's frustrating when the system lags during peak trading hours.

Pros : The research reports provided are detailed and insightful.

Cons : The trading platform frequently hangs, making it difficult to execute trades.

Switched from : Upstox

Reason to switch : I needed a more stable and reliable trading platform.

4.2/5

“Limited Features for Advanced Traders”

As I progressed in my trading journey, I realized that Motilal Oswal's platform didn't offer the advanced tools and features I needed for in-depth analysis and strategy implementation.

Pros : Suitable for beginners with basic trading needs.

Cons : Lacks advanced features and tools for seasoned traders.

Switched from : ICICI Direct

Reason to switch : I required a platform equipped with advanced trading tools and features.