A couple of months back I was looking out for opening an online trading account for the purpose of investments. I spoke to a number of people before deciding on whom to open an account with. This list of people included some of my collegues who have are subject matter experts in this field. I shortlisted ICICI direct, Kotak Securities, HDFC easy trade and Motilal Oswal securities. Few suggested that ICICI is way too slow as it takes a long time to serve its huge customer base and also some complained about their high transaction charges. HDFC is not that famous in the market and not many were in favor of it as nobody had a fair idea on how their recommendations were.
Now I was left with the remaining two players. Kotak securities and Motilal Oswal had equal opportunity. I called up representatives from both the organizations to explain me about the process, charges, service etc., After gathering all the info, I got sold to Motilal Oswal. This is primarily because of two reasons, first one being their brokerage charges. However the most important one is their advices and recommendations. I had a good feedback wrt Motilal Oswals online trading software and fair brokerages compared to other players. Hence I chose Motilal Oswal to open an online trading/DMat account. Account opening was hassle free as the agent had come over to my place at my convenience to get all that documentation work to be done. At the same time he gave a couple of brochers and booklet on Motilal Oswal Securities Limited [MOSL]. Within 10 days from that date, my account was activated I was sent login credentials info soon after that.
Brokerage is the only issue that I can complain about. Initially I was told a different brokerage while opening the account, but later on once that was done I found that I was associated with a slightly higher brokerage than initially agreed upon rates. I had to call up the customer care to complain about and a couple of email to follow up with that. Still it is not resolved and the agent is in touch with me to get it resolved. Apart from that I have started getting email recommendations off late and I find them very informative. Apart from this I have been very happy with MOSL and hope to continue a prolonged association with them for years to come!
Srinivas says
I tried to open an acount with MOSL. Asked fro Representative and for call back. Its almost 15 days now. Pathetic.
Srinivas says
I tried to open an acount with MOSL. Asked fro Representative and for call back. Its almost 15 days now. Pathetic.
mohd kasim says
anybody tell me a good broker
mohd kasim says
anybody tell me a good broker
pritesh says
motilal oswal thard class company bhulse bhi isme account open mat karvana koi bhi.
shreepal shah says
2. year a go. I trade. In Motila oswal
I have not any issue and not any problem my all problem solve
Very fast I love Motila oswal
Trading. Very nice very good
shreepal shah says
2. year a go. I trade. In Motila oswal
I have not any issue and not any problem my all problem solve
Very fast I love Motila oswal
Trading. Very nice very good
sachin says
hey guys… i wanted to know which brokerage house is the best when it comes to reseach and suggetions……..
Dinesh says
I have been using hdfc securities for past 3 years and till date, no issues with it…
Dinesh says
I have been using hdfc securities for past 3 years and till date, no issues with it…
karthik says
Hi, r u still using Motilal. How are their charges & services compared to others.
Jayant Bhat says
Brokerage is a subject of negotiations. All brokerage houses negotiate depending on the trading pattern of the customer. I am a sub broker myself and all the clients have different brokerages based on their trading pattern. These days pre paid brokerage packages are prevalant but one needs to be very careful in my observation, these pre paid packages are good enough for heavy traders. Most of the people whom I know have lost their money in form of pre paid charges since they could not exhaust the amount in one years time.
One Golden Rule of Trading – Never go blindlyly by so called assurances/ Tips. Don’t use margin money to carry forward your positions as most of the times you tend to incur heavy losses. Try and avoid not to use borrowed money for trading.
Jayant Bhat says
Brokerage is a subject of negotiations. All brokerage houses negotiate depending on the trading pattern of the customer. I am a sub broker myself and all the clients have different brokerages based on their trading pattern. These days pre paid brokerage packages are prevalant but one needs to be very careful in my observation, these pre paid packages are good enough for heavy traders. Most of the people whom I know have lost their money in form of pre paid charges since they could not exhaust the amount in one years time.
One Golden Rule of Trading – Never go blindlyly by so called assurances/ Tips. Don’t use margin money to carry forward your positions as most of the times you tend to incur heavy losses. Try and avoid not to use borrowed money for trading.
Raj says
Hi Mohan ,Could u please mention the brokarage they charge for intraday and delivery as of now.Thanks in advance.
Raj says
Hi Mohan ,Could u please mention the brokarage they charge for intraday and delivery as of now.Thanks in advance.
Praveen says
Hi, DO you still using the Motila’s trading account? How’s their recommendation? Is they worked fine or???
Mohan says
Hi Praveen, yes! I am still using Motilal Oswal for trading. I don’t go by someone’s recommendation. I do a thorough analysis before i put my money
Praveen says
Thanks for you reply Mohan
Sonia Nagpal says
Dear all,
anybody interested to open Demat and online Trading account with India Infoline pls feel free to call me,
I will not disappoint u as far as the service is concerned < Moderated> *Personal info not allowed here* < /Moderated>
ravi says
hi
sonia ji
are you working in gurudware road hdfc bank ?
I need some information demat accoount can you help?
Sonia Nagpal says
Dear all,
anybody interested to open Demat and online Trading account with India Infoline pls feel free to call me,
I will not disappoint u as far as the service is concerned < Moderated> *Personal info not allowed here* < /Moderated>
ravi says
hi
sonia ji
are you working in gurudware road hdfc bank ?
I need some information demat accoount can you help?
C S JHA says
We have applied for demat a/c with motilal oswal and it has been opened whose a/c no is *removed* but still we have not received trading id and password.
Thanking you.
C.S.JHA