Motilal Oswal is a Public Full Service in India , established in 1987 , and headquartered in Mumbai. The broker provides access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures and currency options through mobile app access, web trading, desktop terminal access and algo trading support, making it relevant for traders and investors who want one platform for market access, order execution, and portfolio tracking.
This 2026 review covers Motilal Oswal brokerage charges, Demat account costs, trading platforms, products, customer support, and key features. Investors comparing brokers can use the details on this page to understand whether Motilal Oswal matches their cost expectations, preferred trading segments, and platform requirements.
Motilal Oswal is listed as a Public Full Service that started operations in 1987 with headquarters in Mumbai. Motilal Oswal lists Motilal Oswal, Raamdeo Agrawal as its founder and focuses on serving investors who need access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures and currency options.
On the platform side, Motilal Oswal highlights mobile app access, web trading, desktop terminal access and algo trading support and supports products such as equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures. Its brokerage plan is listed as Standard Plan with subscription charges of Zero.
For investors evaluating overall value, the broker also highlights watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking and support access through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. This combination of products, tools, and support channels can help determine whether Motilal Oswal is suitable for beginner, active, or long-term investors.
Motilal Oswal — A Comprehensive Company Overview
| Company Overview | Motilal Oswal |
|---|---|
| Company Type | Public |
| Broker Type | Full Service |
| Headquarters | Mumbai |
| Founder | Motilal Oswal, Raamdeo Agrawal |
| Establishment Year | 1987 |
| Brokerage Plan | Standard Plan |
| Branches / Offices | Available |
Motilal Oswal has been evaluated across key parameters including technology, charges, products, and customer experience to help investors make an informed comparison.
Motilal Oswal — Ratings
| Parameter | Rating |
|---|---|
| Overall Rating | 9.17 / 10 |
| Customer Support | 9.13 / 10 |
| Technology | 9.28 / 10 |
| Charges | 9.21 / 10 |
| Products & Services | 9.12 / 10 |
| Experience | 9.10 / 10 |
Motilal Oswal lists account opening charges of Free for its onboarding process, while the annual maintenance charge (AMC) for the Demat account is Rs.300 per Year (1st Year Free).
Before opening an account with Motilal Oswal, investors should compare onboarding fees, Demat AMC, brokerage slabs, and the availability of services such as IPO access, F&O trading, and research tools.
Account Opening and Demat Charges
| Charge | Motilal Oswal |
|---|---|
| Trading Account Opening Charges | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Year (1st Year Free) |
| DP Charges | Rs.25 per Scrip only on Sell |
| Account Closure Charges | Rs.100 |
| Account Reactivation Charges | Rs.50 |
| Dematerialisation Charges | Rs.50 per Certificate |
| Call & Trade Charges | Free |
Brokerage is the fee charged by a stockbroker for executing trades on your behalf. Motilal Oswal applies the following charges across segments:
Brokerage of Motilal Oswal
| Brokerage | Motilal Oswal |
|---|---|
| Brokerage Plan | Standard Plan |
| Subscription Charges | Zero |
| Equity Delivery | 0.20% of Transaction Value |
| Equity Intraday | 0.02% of Transaction Value |
| Equity Future | 0.02% of Transaction Value |
| Equity Option | Rs.20 per Lot |
| Commodity Future | 0.02% of Transaction Value |
| Commodity Option | Rs.20 per Lot |
| Currency Future | 0.02% of Transaction Value |
| Currency Option | Rs.20 per Lot |
Motilal Oswal offers margin exposure to help traders manage larger positions with less capital. The margin facility allows investors to leverage their holdings across different segments, enabling better utilisation of available funds while managing risk appropriately. The margin trading interest rate is 0.05% per day.
Motilal Oswal — Exposure / Margin
| Exposure | Motilal Oswal |
|---|---|
| Equity Delivery | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x |
| Equity F&O Intraday | 1.3x |
| Commodity F&O Carry Forward | 1x |
| Commodity F&O Intraday | 1.3x |
| Currency F&O | 1x |
| Margin Trading Interest | 0.05% per day |
| Pledge Creation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) |
| Pledge Invocation Charges | Rs.35 per Request or 0.02% of Value (whichever is higher) |
Apart from brokerage, several statutory and operational charges apply when trading through Motilal Oswal. These include Securities Transaction Tax (STT), stamp duty, transaction charges, SEBI turnover fees, GST, and depository charges. Understanding these costs helps investors calculate the true cost of every trade.
Other Charges of Motilal Oswal
| Charge | Motilal Oswal |
|---|---|
| Transaction Charges — Equity Delivery | 0.00340% (NSE) & As per Stock (BSE) |
| STT — Equity Delivery | 0.1% on buy & sell |
| Stamp Duty — Equity Delivery | 0.015% on buy |
| Transaction Charges — Equity Intraday | 0.00340% (NSE) & As per Stock (BSE) |
| STT — Equity Intraday | 0.025% on sell |
| Stamp Duty — Equity Intraday | 0.003% on buy |
| Transaction Charges — Equity Futures | 0.002% (NSE & BSE) |
| STT — Equity Futures | 0.0125% on sell |
| Stamp Duty — Equity Futures | 0.002% on buy |
| Transaction Charges — Equity Options | 0.053% (on premium) |
| STT — Equity Options | 0.0625% on sell (on premium) |
| Stamp Duty — Equity Options | 0.003% on buy |
| Transaction Charges — Commodity Futures | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| STT — Commodity Futures | 0.01% on sell (Non-Agri) |
| Stamp Duty — Commodity Futures | 0.002% on buy |
| Transaction Charges — Commodity Options | 0.05% (Non Agri) |
| STT — Commodity Options | 0.05% on sell |
| Stamp Duty — Commodity Options | 0.003% on buy |
| Transaction Charges — Currency Futures | 0.0009% (NSE) & 0.00022% (BSE) |
| STT — Currency Futures | Nil |
| Stamp Duty — Currency Futures | 0.0001% on buy |
| Transaction Charges — Currency Options | 0.035% (NSE) & 0.001% (BSE) |
| STT — Currency Options | Nil |
| Stamp Duty — Currency Options | 0.0001% on buy |
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.25 per Scrip only on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) |
Motilal Oswal provides mobile app access, web trading, desktop terminal access and algo trading support to support order placement, portfolio tracking, and market monitoring. The broker also supports algorithmic trading, allowing advanced users to automate strategies through its platform. Basket trading is available, enabling investors to place multiple orders in a single transaction.
Key platform features include: watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports, global indices tracking, customised recommendations, stock tips, interactive charts, live market tracking, multi-profile management, secure platform controls.
Motilal Oswal — Trading Platforms
| Trading Platform | Motilal Oswal |
|---|---|
| Android App | Motilal Oswal Android App Link |
| iOS App | Motilal Oswal iOS App Link |
| Web Trading Platform | Motilal Oswal Web Trading Link |
| Trading Terminal | Available |
| Algo Trading Platform | Available |
| Foreign Stocks Trading Platform | Available |
| Basket Trading Platform | Available |
| Mutual Fund Investment Platform | Available |
| Digital Gold Investment Platform | Available |
| Bonds Investment Platform | Available |
Motilal Oswal highlights the following offers and benefits to attract and retain investors. These can help reduce overall trading costs or improve the value of the account relationship.
Motilal Oswal — Offers
| Offer | Motilal Oswal |
|---|---|
| Free Account Opening | Yes |
| Free AMC | 1st Year Free |
| Flexible Brokerage Plans | Yes |
| Free Research Reports | Yes |
| Free Trading Calls | Yes |
| Referral Offers | Upto Rs.500 per Client |
| Margin Funding / Pledging | Yes |
| Brokerage Cashback | Yes |
Motilal Oswal highlights features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. These tools support research, market monitoring, order execution, and day-to-day portfolio management for both first-time and active market participants.
Motilal Oswal — Trading Features
| Trading Feature | Motilal Oswal |
|---|---|
| Wishlist / Watchlist | Yes |
| Real-Time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | Yes |
| Research Reports | Yes |
| Global Indices | Yes |
| Customised Recommendations | Yes |
| Stock Tips | Yes |
| Interactive Charts | Yes |
| Live Market | Yes |
| Multi Profile Management | Yes |
| Robust & Secure Platform | Yes |
Motilal Oswal provides the following research and advisory services to help investors make more informed trading and investment decisions.
Motilal Oswal — Research & Advisory
| Research Service | Motilal Oswal |
|---|---|
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| IPO Reports | Yes |
| Technical Reports | Yes |
| Stock Tips | Yes |
| Daily Top Stock Picks | Yes |
| Daily Market Review | Yes |
| Monthly Review | Yes |
| Weekly Review | Yes |
| Relationship Manager | Yes |
Motilal Oswal provides services that may include Demat services, trading services, intraday trading, F&O trading, IPO access and stock research. Depending on the products enabled, investors may also get access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures from the same ecosystem, making it easier to manage both trading and long-term investing requirements.
Motilal Oswal — Services Provided
| Service | Motilal Oswal |
|---|---|
| Demat Services | Yes |
| Trading Services | Yes |
| Intraday Services | Yes |
| F&O Services | Yes |
| IPO Services | Yes |
| 3-in-1 Account | No |
| Stock Research | Yes |
| Stock Recommendations | Yes |
| Trading Education / Institution | No |
| Share Pledging | Yes |
| PMS or PCG | Yes |
| NRI Services | Yes |
Motilal Oswal offers a range of investment products including stocks, futures & options, currency trading, commodity trading, foreign equities, mutual funds, digital gold and bonds, enabling users to explore multiple asset classes from a single platform. The platform also supports long-term wealth creation through mutual funds, allowing investors to diversify and reduce risk exposure. International market access is available through foreign stock investments, giving investors exposure beyond domestic equities. Digital gold investment is also available as an alternative asset class on the platform.
Motilal Oswal — Products Provided
| Product | Motilal Oswal |
|---|---|
| Equity Delivery | Yes |
| Equity Intraday | Yes |
| Equity Option | Yes |
| Equity Future | Yes |
| Commodity Option | Yes |
| Commodity Future | Yes |
| Currency Option | Yes |
| Currency Future | Yes |
| Foreign Stocks | Yes |
| Mutual Funds | Yes |
| Banking | No |
| Insurance | No |
| Corporate Bonds | Yes |
| Government Bonds | Yes |
| Digital Gold | Yes |
Motilal Oswal offers partnership opportunities for individuals and organisations looking to associate with the broker and earn income by referring clients or operating as a sub-broker.
Motilal Oswal — Partner Programs
| Program | Motilal Oswal |
|---|---|
| Sub-broker Program | Yes |
| Partner Program | Yes |
| Referral Program | Yes |
Motilal Oswal provides customer support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. The broker operates Available branches across India for in-person assistance. A dedicated dealer service is also available for clients requiring personalised trade execution support.
Customer Support of Motilal Oswal
| Support Channel | Motilal Oswal |
|---|---|
| Trading Support | Available, Free |
| Dedicated Dealer | Available, Free |
| Call Support | 022-40548000, 022-67490600 |
| Email Support | [email protected] |
| WhatsApp Support | 8657075050 |
| Website Support | Website Link |
| Facebook Support | Facebook Support Link |
| Twitter / X Support | Twitter Support Link |
| Telegram Support | Telegram Support Link |
| Branches / Offices | Available |
The BSE and NSE regularly track and publish broker complaint data as part of maintaining investor protection standards. The table below shows the complaint record for Motilal Oswal, which can serve as an indicator of service quality and grievance resolution effectiveness.
Motilal Oswal — Complaints Data
| Metric | Motilal Oswal |
|---|---|
| Total Complaints Lodged | 348 |
| Total Complaints Resolved | 298 |
| % of Resolved Complaints | 85.63% |
| Non-Actionable Complaints | 6 |
| % of Non-Actionable Complaints | 1.72% |
Motilal Oswal can be evaluated through its onboarding costs, platform access, pricing structure, product range, and support options. Based on the broker data available on this page, here is a summary of the likely trading experience.