Motilal Oswal charges 0.02% of the turnover for intraday trades. These orders are called Margin Intraday Square-up(MIS). All the open MIS orders get automatically squared off at the end of the trading hour, ie, 3:15 pm. Extra charges are levied on the customer for automatic square off.
The brokerage of Motilal Oswal varies across its products and segments. To know the detailed brokerage charges, visit the brokerage calculator on Select.
Yes, Motilal Oswal is a highly trusted name in the country, which has been in operation since the last 30 years. A SEBI registered stockbroker, Motilal Oswal is a member of BSE, NSE, MCX and NCDEX. It provides research and advisory services. The company is present on every platform ranging from mobile, web, tablet, desktop and smartwatch app.
They also provide customized service, education material and stock recommendations for customers. They also have a low complaint to active clients ratio.
Borrowed funds from a brokerage firm to leverage an investment is known as Margin. The margin in Motilal Oswal varies across its products and segments.
You can open a demat account with Motilal Oswal in two ways:
Through Online Account Opening.
Click on the account opening button.
Fill the application form which includes name, age, nationality, etc.
Upload all the required documents which include Aadhar Card, PAN Card and Bank Details(account statement/ cancelled cheque).
Upon the completion of verification of documents, the Demat account will open and a confirmation message will be sent through an email and SMS.
To know the complete details, visit the demat account opening step guide.
Or by visiting Motilal Oswal’s local branch or sub-broker office.
To close your Motilal Demat account the following details must be furnished with the account closure form:
Your ID and your Depository Participant ID.
KYC details like name and address that match with details submitted to Motilal Demat.
The reason for closing the demat account.
Ensure that there are no dues on your account as well as no untraded securities.
A bank employee must mandatorily submit and verify the self-attested identity proof copy.
Yes, with a market presence of more than 30 years, Motilal Oswal is a reputed SEBI registered stockbroker and depository participant. The company focuses on technology and profitability. It is also a depository participant with NSDL and CDSL.
Hence, Motilal Oswal can be considered as a safe and trustworthy financial platform for trading, owing to its reputed brand name and years of service and experience in the industry.
To withdraw money from your Motilal trading account, proceed with the following steps:
Log in to your Motilal account.
Click on “Funds” and select the “Withdrawal” option.
In the window that shows up, enter the amount to be withdrawn and click “Submit”.
The DP charges on Motilal Oswal is Rs 20 or 0.025% whichever is higher. However, this amount is applicable as per the tariff/plan you’ve chosen.
Indeed, Motilal Oswal provides tips to its customers depending upon the type of trade they are involved in, be it stocks and/or commodities. It also provides free research reports.
Yes, opening a Demat account in Motilal Oswal is currently free. However, there are other charges associated with a Demat account which include Account Annual Maintenance Charges, Custodian fee, Trading Account Opening and Transaction charges, depending upon the value of securities.