Motilal Oswal Stock Trading, Demat, Brokerage & Reviews 2025
Introduction
If you're entering the world of stock trading or looking to upgrade from a discount broker, one name you’ll consistently hear is Motilal Oswal.
With over 35 years of experience, a diversified client base, and some of the most research-backed tools in the industry, Motilal Oswal has earned its place as a trusted full-service broker in India.
But is it the right choice for you in 2025?
In this detailed blog, we’ll explore everything from account types, brokerage plans, investment products, margin exposure, to pros, cons, and reviews - so you can make an informed decision without any regrets.
Who is Motilal Oswal?
Founded in 1987, Motilal Oswal Financial Services Ltd. (MOFSL) is one of India’s most established full-service stockbrokers. Unlike discount brokers, Motilal Oswal offers:
- Personalized investment advisory
- Access to advanced trading platforms
- Portfolio management services (PMS)
- In-house research on 100+ stocks and 45+ sectors
- A wide range of products: stocks, commodities, currency, mutual funds, IPOs, US stocks, ETFs, insurance, gold, and more.
With over 50 lakh customers and over 10 lakh active clients (NSE), Motilal Oswal has built a reputation for trust, innovation, and consistent returns.
Motilal Oswal Account Types & Opening Charges (2025)
Motilal Oswal now offers FREE account opening for a limited time—along with waived charges on multiple services.
|
Service |
Charges |
|
Trading Account Opening |
₹0 |
|
Demat Account Opening |
₹0 |
|
Trading & Demat AMC (1st Year) |
₹0 |
|
Account Administration Charge (AAC) |
₹199/year |
Flat ₹20/lot brokerage, FREE personal advisor, FREE research reports & intraday trading for life.
Motilal Oswal Brokerage Charges 2025
While Motilal Oswal is not the cheapest broker in the market, it provides value-based pricing with negotiation opportunities for active traders.
|
Segment |
Brokerage |
|
Equity Delivery |
0.20% |
|
Equity Intraday |
FREE for Lifetime |
|
Equity Futures |
0.02% |
|
Equity Options |
₹20/lot |
|
Commodity Futures |
0.02% |
|
Commodity Options |
₹200/lot |
|
Currency Futures |
₹20/lot |
|
Currency Options |
₹20/lot |
Note: You can request custom brokerage plans based on your trading
volume—unlike fixed structures offered by discount brokers like Zerodha or
Upstox.
Trading Platforms – Built for Every Type of Investor
Motilal Oswal offers some of the most advanced and intuitive trading platforms in India:
1. MO INVESTOR App
For beginner to intermediate investors
- Clean interface
- Access to stock SIPs, mutual funds, gold, US stocks
- Intelligent Advisory Portfolios (IAPs)
2. MO TRADER App
Built specifically for active traders
- Real-time charts & screeners
- Strategy builder & Option Chain
- Integrated trading terminal
3. Desktop EXE & Web Version
- Fast order execution
- Multi-asset class support
- Advanced research integration
Bonus: All platforms come with FREE access to research, advisor chat, portfolio health check & more.
Margin & Leverage – Boost Your Buying Power
Motilal Oswal provides competitive leverage on select stocks and F&O instruments:
|
Segment |
Margin/Leverage |
|
Equity Delivery |
1x (T+5 holding) |
|
Intraday |
Up to 5x |
|
Equity F&O |
1.3x |
|
Currency F&O |
1.3x |
|
Commodity F&O |
1.3x |
Pro Tip: Use margin only with a proper stop-loss strategy. Avoid over-leveraging.
Investment Products by Motilal Oswal
Motilal Oswal is not just a broker—it’s a complete wealth-building ecosystem. Here’s what you get:
1. Intelligent Advisory Portfolios (IAPs)
- Curated by Registered Investment Advisors (RIAs)
- Based on market themes, risk profiles, and sector focus
- Monitored regularly for risk-return balance
2. Smart Baskets
- Theme/sector-based portfolios like Auto, Pharma, ESG
- Designed by MO’s in-house research team
- Suited for passive long-term investing
3. Smallcases
- Expert-curated thematic portfolios like “Top 10 PSU Stocks”, “EV Revolution”, “Dividend Champs”
- Invest via MO App with auto-rebalancing features
4. Stock SIP
- Start systematic investing in individual stocks
- Perfect for students & beginners with monthly savings
Why it matters: Even if you're not ready for F&O, these products help you build long-term wealth passively.
Pros of Choosing Motilal Oswal in 2025
|
Advantage |
Why It’s a Game-Changer |
|
35+ years of legacy |
Trusted full-service broker |
|
Free intraday trading |
Lifetime benefit for active traders |
|
Robust research |
80,000+ research reports published |
|
Dual apps |
MO INVESTOR (for investors) & MO TRADER (for traders) |
|
Personalized advisory |
FREE personal advisor & daily calls |
|
Wide range of investments |
Stocks, gold, US markets, SIPs, IAPs |
|
Margin trading |
Up to 5x leverage on select instruments |
|
Educational tools |
Webinars, reports, and StoCoMo community |
If you're a serious investor or someone looking to build wealth long-term—this isn’t just a demat account. It’s your gateway to informed investing.
Cons of Motilal Oswal
|
Drawback |
What to Watch For |
|
Higher delivery charges |
0.20% vs ₹0 with discount brokers |
|
No 3-in-1 account |
Separate bank + demat handling required |
|
Complex pricing |
Newbies might find the structure overwhelming |
|
Mixed customer reviews |
Some complaints about slow service or high-pressure sales |
Tip: Motilal Oswal is great for investors who want value + guidance—but may not suit ultra-low-cost traders or hobbyists.
2025 Special Offers (Limited Time)
- Zero Account Opening Fee
- Zero AMC for 1st Year
- Free Intraday Trading for Life
- Free Options Trading for 1st Month (up to ₹1,000)
- Flat ₹20 per lot for Equity & Currency Options
Bonus:
Get free access to StoCoMo, Motilal’s exclusive investor community where
members share strategies, market analysis, and early alerts.
Customer Ratigs (Based on 152 Verified Reviews)
|
Category |
Rating (out of 5) |
|
Overall |
⭐ 2.2 |
|
Fees & Charges |
⭐ 2.6 |
|
Brokerage Value |
⭐ 2.1 |
|
Platform Usability |
⭐ 2.8 |
|
Customer Service |
⭐ 2.4 |
|
Research Reports |
⭐ 2.3 |
Note: Ratings vary across branches and user types. Most negative feedback stems from brokerage fees—something negotiable if you're an active user.
How to Open an Account with Motilal Oswal
- 1. Visit the official Motilal Oswal website or app
- 2. Enter your mobile & email
- 3. Complete Aadhaar-based e-KYC
- 4. Upload PAN & address proof
- 5. E-sign using Aadhaar OTP
- 6. Start trading within 15–30 minutes
How to Close Motilal Oswal Account?
Currently, account closure cannot be done online.
Steps:
- 1. Download closure form from the website
- 2. Fill, sign, and send it to the head office or nearest branch
- 3. Ensure no shares, dues, or open F&O positions remain
Final Verdict – Should You Choose Motilal Oswal?
Choose Motilal Oswal if:
- You want a trusted, research-driven full-service broker
- You're looking for intraday or F&O trading with free/negotiable charges
- You value expert guidance, personal advisors, and detailed research reports
Avoid Motilal Oswal if:
- You want a super-low-cost, no-frills trading experience
- You don’t plan to use their advisory, community, or tools