Motilal Oswal Financial Services

Never ever invest with Motilal they will make your invest the money at-last will make you stand in street. I have lost 4 lakhs with this useless company. Employees are not experienced and does not know about the market.

Please don’t invest your hard earned money with this company and luse everything.

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Thees people provide fake details and while going to resolve this the mgt support them only for poor people hard earned money

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I was calling for last 10 days but no one picks up the phone. I wrote several mails asking to close my account, but no one calls me back. They gave me a procedure to close my account using their app, but their apps are useless and not user friendly. Stay away from this Company. Once you open an account they won't want to close it for any reason. They won't call back. I tried every branch number in Hyderabad and no reply from anyone. You simply get an SMS saying we will call back. I am waiting for last 10 days+ for someone to call and close my account. STAY AWAY FROM THIS COMPANY.

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Motilal Oswal stolen 90000 from my account BB0993 in the name of own trading without any notification or confirmation and completely screwed. They proved that they don't allow small traders. I strongly recommend to all account holders, please come out of Motilal Oswal account and open zerodha account for your future goal. Don't trust MO research team. They are cheating NSE/BSE, NSDL, SEBI, RBI and the constitution. Be careful..!!

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This company is the worst I have ever encountered as a customer. I have been receiving calls by the telle sellers since my unfortunate opening of my demat account here 2-3 years back. I have insisted so many times about deleting my profile from there data but none have done so. I have 2 times requested their customer care but no action have been taken. It’s really a harassment policy which their sales team has to encourage customers(not willing to be) for trading.

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I opened my account on 18 oct 2021 with motilal oswal thinking there research advisory is good. They assign you an advisor to help you. Intially I did transaction myself for long term and it was around 19k negative due to market correction. Then their advisor called and said your portfolio is not good and you start trading in f&o and we will give you 10 to 20% portfolio return per month.I knew f&o is risky but I thought they are reputed broker and know how to trade in f&o. On 9th dec my advisor mr rohit did transation of 8500 qty of bank nifty on weekly expiry. I was quite busy on that day in office. In evening when I checked my account, I suffered loss of 1 lakh. Out of which 61k was loss and 39k was there brokerage and other charges. Then I complained and they changed my advisor to ms mayuri chavan. She said she is more experience and will recover your loss in few days. On 23rd dec, in morning she earned 4750 in equity intraday. I said her not to place any new trade on that day. But she insisted market is good and she placed banknifty and made me loss 60k loss in banknifty. Then she said there is momentum in currency and all your losses will be recovred. I again trusted her and she again incurred me loss of 52437. So in two day, two stupid and inexperienced made me lose 2 lakh 10k rupees. So guys don't trust motilal oswal's advisor. They just want to earn brokerage for their compoany and don't care about customers. Also their brokerage is highest in industry. So better to stay away from these fraudester and cheaters

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Sorry state of affairs, you call it ignorance or stupidity, either way, you step into Motilal Oswal, they will help you become bankrupt within no time. Please stay away from their services, platform and their advisors, its a timebomb that can blast on signing in. Their brokerages in currency options is as high as 98%, its a package to destroy you. Its a scam business and wondering why no case is filed for money siphoning so far. One must learn to read their contract notes correctly, if not, you can safely assume your investment will be their brokerage+ trading losses.

-KR Madhusudan

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Never rely on these guys. They will dump you to lot of losses. Believe me they made a loss in lakhs within a month. I keep on asking them the cumulative loss and they mask us by mentioning that will be recovered through premium. After stressing a lot, they have played with soft messages saying that it will be recovered, but nothing has happened except I left with a huge loss in lakhs. After this much loss, they have stopped calling. I keep on trying to call them, they always say now the call flow is there and I will call you later. They never come back. Not sure whom/where to reach out.

Be careful that is what I can suggest. Though these are having market risks, it's advised to be careful when we are discussing with the advisors

Instead go with your own assessment and do trading otherwise they will fool you.

End of the day that is your money and not theirs

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The put lot of hidden charge .need to check ledger frequently and ask the reason (Raise ticket) for charge , mostly reverse the amount while asking questions otherwise loose the amount ...

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Thees people provide fake details and while going to resolve this the mgt support them only for poor people hard earned money

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Their brokerage is too much. They themselves recommend to buy a stock saying buy call. Often their recommendation fails. I lost almost Rs. 2 lakhs because of their wrong recommendation. Their brokerage is very high. Even for the failed recommendation they charged me heavily. Now when I told them to stop the trading they say they are reducing my brokerage.

They never respond to customers grievances.

Better to avoid this trader.

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Training with TGS is very good and software also very useful and practical.

As much you learn with this you will increase your chances to win.

Thank you very much

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First of all they manipulate markets and doing wrong activites so even if you are profitable trader you will lose money.

I closed my account with them just because of this issue and I have proof for that they did it 3 times than I realize and save proof.

they never pickup your calls so whom you will complaint?

I request to all traders please avoid this broker, despite charging huge brokerage they are manipulating market prices.

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Fraud bank and please dont take any loans from this bank.

very bad service and poor knowledge employees

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Except their platform nothing is good

Their dealers are unaware of charges, etc- no product knowledge

Only misguides

You cannot expect any kind of assistance from their Staff

They are not at all customer centric

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Customer service and advisor act like government service. Pathetic experience. in the process of shifting my account and shares

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One should have very good knowledge in investing / trading to deal with MO:

(1) Trader's conflict of interest in maximizing the brokerage to MO and hence the bonus amount for himself as opposed to maximizing customer's returns.

Hence, one has to be extremely cautious and aware of what you are approving for the trader to trade.

(2) Take time to go through various reports and emails that will be poured on you - to understand the various charges. Some will be in Contract Note, some will be in Ledger report.

Will not be straight forward to understand though! So called trader / RM / whoever will not explain . or, they will say exactly what they have to say as per regulation and hence they stay very cryptic

(3) Website or the mobile app . provides features that they want to expose than what the customer wants. Never found easy or comfortable to navigate and get the details that I needed

If you are such an informed investor / trader, why would you go to MO and pay such high charges instead of going to brokers like Zerodha is a good question to think about!

In summary, this is a traditional company which is still living with their brand name and ripping off customers. In today's world, there are definitely better options.

I am heading back to my discount brokerage and do it yourself way of investing.

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Please be aware of Mr. Chander Kant Sharma, alias Chandu Pandit of Motilal Oswal Financial Services Ltd. and do not deal with or believe him as he deceived me and put me to a huge loss and in great depression in September end, 2020 by misusing my OTP and asking me to deal in US dollars whereas I told him that I do not know anything about it. He did not tell/advise me about the lots and did not ask how much I wished to purchase. I mean to say that he himself decided the number of lots - bought and sold. Secondly he sold my 100 LIC Housing Finance and 16 Amara Raja Batteries shares without asking me which shares to sell and which not to sell whereas the company could have charged interest on the due amount from me.

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They pursue to sell your advisory products badly

All the review in Internet is paid

I suffered losses due to bad advisory

They take a control of your portfolio and and keep buying and selling stocks so that Motilal earns good commission

Most of the stocks they sell is in losses

They will only talk to you if there is business

They will force you for intraday trading and also buy advisory schemes

For trading otherwise customer service is pathetic

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There can't be any more thieves than motilal and worst customer support. They continued .small MFs without my consent so that account remains active. There are so many hidden charges and whopping interest rates on margin etc which we don;t realizes.

Besides closing the account is hell lot of difficult and even when you ask them they don;t close it. While opening the account they will send their person 100 times.

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