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Motilal Oswal Review 2026
Discount BrokerMotilal Oswal is one of the leading online share trading and investment brokers that allows investors to invest in IPOs, ETFs, bonds, fixed deposits, Mutual funds, US…
Founded
1987
HQ
Mumbai, Maharashtra
Active Clients
9.1 L+
A/C Opening
FREE
AMC
₹199/yr
About Motilal Oswal
Motilal Oswal is one of the leading online share trading and investment brokers that allows investors to invest in IPOs, ETFs, bonds, fixed deposits, Mutual funds, US stocks, pay later (MTF), HUF, Insurance, NRI, FNO, Bonds, and Alternative Investment funds.
It was founded in the year 1987, has over 37 years of industry experience, is trusted by 40 lakh+ customers, has a presence across 2500+ branches, and includes 1100+ investments advisors. It also offers trading services in Equity, Commodity, currency, and Derivatives.
Motilal Oswal also provides multiple trading and investment platforms, including Research 360, MO API, Riise, STRATX, Strategy Builder, and Riise for Option Traders. Along with retail investors, Motilal Oswal also has a wide range of clients: high net-worth individuals, mutual funds, foreign institutional investors, financial institutions, and corporate clients.
Motilal Oswal charges Rs 0 brokerage on account opening and Rs 0 for account maintenance for the 1st year.
Brokerage Charges
| Trading Segment | Brokerage Fee |
|---|---|
| Equity Delivery | ₹0.20 |
| F&O - Futures | ₹0.02 |
| F&O - Options | ₹20.00 |
Trading Margins & Leverage
F&O
1x
Max Leverage
EQUITY DELIVERY
1x
Max Leverage
EQUITY INTRADAY
5x
Max Leverage
Pros
- Deep industry experience and research advisory
- Advanced trading platforms
- Trusted brand in equity research
Cons
- High brokerage charges compared to discount brokers and Zero-Commission Platforms
- Other DP charges applied on delivery shares
Key Features
It is one of the leading online share trading and investment brokers
It has won multiple awards for its research services
It regularly publishes articles on thematic strategy, technology hardware, sectors, and market analysis
It provides a learning center to get expert insights on investing, trading, stocks, and mutual funds
It charges Rs 0 brokerage for account opening and account maintenance for the first year
Disclaimer: The details provided for Motilal Oswal are for informational and educational purposes. Brokerage fees, margin limits, and account charges are determined by the broker and subject to regulatory guidelines. Please verify the latest tariff sheets and terms directly on the official Motilal Oswal website before investing.