Motilal Oswal App Review 2024: Is Motilal Oswal Reliable?

motilal-oswal-app-review
motilal-oswal-app-review

Motilal Oswal App Review 2024: Motilal Oswal is one of the leading stockbrokers in India. It offers a variety of trading and investment products and services, including the MO Trader and MO Investor apps.

This app allow users to trade stocks, derivatives, commodities, and currencies.

In this blog post, we will review the Motilal Oswal app in detail. We will discuss its features, pros and cons, and security. We will also answer the question: is the MO app safe?

Who is Motilal Oswal?

Motilal Oswal is an Indian businessman and the founder, chairman and managing director of Motilal Oswal Financial Services Limited (MOFSL), a financial services company based in Mumbai, India.

He is also the chairman of Motilal Oswal Private Equity Limited and Motilal Oswal Asset Management Company Limited.

Motilal Oswal App Review 2024

Motilal Oswal Financial Services Ltd (MOFSL) is a company in Mumbai, India, that helps regular people buy and sell stocks, commodities, and currencies.

They are part of a bigger group called Motilal Oswal, which does all kinds of financial stuff like lending money and managing wealth.

Motilal Oswal has been doing this for a long time, over 35 years, and they have a huge network of offices and partners all across India, in more than 500 cities.

They are known for being really good with technology, and they have their own software for trading, keeping track of things, and working with their partners.

They offer different ways for people to trade online quickly:

  1. Mobile Apps: They have two apps, one for regular investors and one for active traders. These apps let you buy and sell things on your phone.
  2. Desktop Application: They also have a program you can install on your computer. It’s like a supercharged tool for trading.
  3. Web Portal: You can go to their website and trade right there in your web browser.
  4. Client Portal: This is like your personal dashboard where you can see all your trading information and how your investments are doing.

They make it easy for people to manage their money and trade stocks and other things online.

CompanyMotilal Oswal Financial Services Limited
Listed OnBombay Stock Exchange (BSE), National Stock Exchange of India (NSE)
Founded in1987
Founded byMotilal Oswal
CEONilesh Shah
HeadquartersMumbai, India
Revenue₹11,484.59 crore (US$1.5 billion) (FY2022)
Market Cap₹44,896.11 crore (US$5.8 billion) (as of March 8, 2023)
Websitemotilaloswal.com

Motilal Oswal App Features: Why Motilal Oswal is best?

The Motilal Oswal app is a mobile trading and investment platform that offers a variety of features to help you manage your investments.

Some of the key features of the app include:

  • Real-time market data: Get real-time quotes for stocks, commodities, currencies, and other financial instruments.
  • Technical analysis: Use technical analysis tools to identify trends and patterns in the market.
  • Charting: Create and customize charts to track the performance of your investments.
  • Order execution: Place and manage orders for stocks, commodities, currencies, and other financial instruments.
  • Portfolio management: Track your investment portfolio and set alerts for price movements.
  • Research: Access research reports and analysis from Motilal Oswal’s team of analysts.
  • Education: Learn about investing and trading through Motilal Oswal’s educational resources.
  • Customer support: Get help from Motilal Oswal’s customer support team.

The Motilal Oswal app is available for both Android and iOS devices.

To learn more about the app, you can visit the Motilal Oswal website or download the app from the App Store or Google Play.

Motilal Oswal Charges

Motilal Oswal Account Opening Charges

TransactionCharges
Trading Account OpeningRs 0 (Free)
Account AMC ChargesRs 0
Demat Account OpeningRs 0
Demat AMC (Yearly)Rs 199 (Free for 1st Year)

Motilal Oswal Brokerage Charges

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity Delivery0.20%
Equity IntradayRs 0 (Free for lifetime)
Equity Futures0.02%
Equity OptionsRs 20 per lot
Currency FuturesRs 20 per lot
Currency OptionsRs 20 per lot
Commodity Futures0.02%
Commodity OptionsRs 200 Per Lot

Motilal Oswal Transaction Charges

SegmentTransaction Fee
Equity DeliveryNSE: Rs 335 per Cr (0.00335%)<br> BSE: Rs 1000 per Cr (0.01%) (each side)
Equity IntradayNSE: Rs 325 per Cr (0.00325%)<br> BSE: Rs 200 per Cr (0.002%) (each side)
Equity FuturesRs 200 per Cr (0.002%)
Equity OptionsNSE: Rs 5110 per Cr (0.0511%) (on premium)<br> BSE: Rs 200 per Cr (0.002%) (on premium)
Currency FuturesRs 125 per Cr (0.00125%)
Currency OptionsRs 4200 per Cr (0.042%) (on premium)
CommodityMCX: Rs 250 per Cr (0.0025%)

How to buy shares in Motilal Oswal app?

  1. Open the Motilal Oswal app and log in to your account.
  2. Click on the “Trade” tab.
  3. Select the “Buy” option.
  4. Enter the details of the stock you want to buy, such as the company name, stock symbol, and quantity.
  5. Select the order type, such as a market order or a limit order.
  6. Enter the amount you want to invest.
  7. Click on the “Buy” button.

How to Sell shares in Motilal Oswal app?

  1. Open the Motilal Oswal app and log in to your account.
  2. Click on the “Trade” tab.
  3. Select the “Sell” option.
  4. Enter the details of the stock you want to sell, such as the company name, stock symbol, and quantity.
  5. Select the order type, such as a market order or a limit order.
  6. Enter the amount you want to sell the shares for.
  7. Click on the “Sell” button.

How to install Motilal Oswal desktop app?

  1. Go to the Motilal Oswal website: www.motilaloswal.com
  2. Scroll down to the “Product & Technology” section and click on “Download Desktop (EXE) Application“.
  3. The download will start automatically.
  4. Once the download is complete, run the installer file.
  5. Follow the on-screen instructions to complete the installation.

How to add nominee in Motilal Oswal?

You can add a nominee in your Motilal Oswal account online or by submitting an Annexure 1A form to your broker.

Method-1. To add a nominee online, follow these steps:

  1. Log in to your Motilal Oswal account.
  2. Click on the “Profile” tab.
  3. Click on the “Nominee” button.
  4. Enter the details of the nominee, such as their name, date of birth, relationship, and PAN number.
  5. Click on the “Submit” button.

Method-2. By Submitting an Annexure 1A Form:

To submit an Annexure 1A form, download the form from the Motilal Oswal website and fill it out.

Sign the form and have it signed by the nominee as well. Submit the form to your broker.

How to delete Motilal Oswal account?

To delete your Motilal Oswal account, you need to contact their customer support and request for account closure.

Here are the steps on how to do it:

  1. Go to the Motilal Oswal website: www.motilaloswal.com
  2. Click on the “Contact Us” tab.
  3. Select the “Account Closure” option.
  4. Enter your details, such as your name, account number, and contact number.
  5. Explain why you are requesting for account closure.
  6. Click on the “Submit” button.

Motilal Oswal’s customer support will then contact you to verify your request and process your account closure.

Also Read: What is trading: how do newbies learn trading in 2024?

Motilal Oswal Customer Care

Whether you’re interested in investing in the stock market or simply have a query or feedback, Motilal Oswal customer care is here to help you. Here are the various ways to get in touch with the customer care team:

Open account:

If you’re interested in opening an account with Motilal Oswal, you can get in touch by:

Become a partner:

If you’re interested in becoming a partner with Motilal Oswal, you can get in touch by:

Contact customer care:

For any support related queries, you can get in touch with customer care by:

Call & trade:

If you prefer to trade over the phone, you can call Motilal Oswal customer care for the call & trade facility:

  • Calling: 022 62126661 or 022 40548451

Visit the website:

For more information and for other ways to get in touch, you can visit the Motilal Oswal website at www.motilaloswal.com

So, whatever your enquiry may be, don’t hesitate to get in touch with Motilal Oswal customer care for assistance.

Is Motilal Oswal Reliable?

The Mo app is generally considered to be safe. It is a regulated broker by the Securities and Exchange Board of India (SEBI). This means that it is subject to strict financial regulations, which help to protect investors.

The Mo app uses SSL encryption to protect your data. Your account information is also protected by two-factor authentication. This means that you will need to enter a code from your phone in addition to your password to log in.

The Mo app also has a good track record of security. There have been no reports of any data breaches or unauthorized access to customer accounts.

Also Read: 5Paisa App Review 2024: Features, Charges, Demat Account, Complete Guide

FAQs

How trustworthy is Motilal Oswal?

Motilal Oswal is a well-established and reputable stockbroker in India. It has been in operation for over 30 years and has a good track record of customer service.

Is Motilal Oswal good for beginners?

Yes, Motilal Oswal is a good choice for beginners. It is a well-established and reputable stockbroker with a wide range of products and services. It also offers a variety of resources for beginners, such as educational materials and research reports.

Is Mo investor safe?

Yes, Mo Investor is a safe platform to invest in. It is a regulated broker by the Securities and Exchange Board of India (SEBI). This means that it is subject to strict financial regulations, which help to protect investors.

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