Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.
Who licenses Motilal Oswal.
Licences as Motilal Oswal lists them. A tick means we found the entity on the regulator's own register.
| Regulator | Tier | Entity | Licence no. | On register |
|---|---|---|---|---|
| SEBI | TIER 1 | Motilal Oswal Financial Services Limited | INZ000158836 | Not yet checked |
| NSE | TIER 1 | Motilal Oswal Financial Services Limited | 10412 | Not yet checked |
| BSE | TIER 1 | Motilal Oswal Financial Services Limited | 446 | Not yet checked |
| MCX | TIER 1 | Motilal Oswal Financial Services Limited | 55930 | Not yet checked |
Published brokerage.
| Account | Spread | Commission | Cost / lot |
|---|---|---|---|
| Commodity (MCX) Futures: 0.02%; Options: ₹20 per lot (per 2023 learning-centre article) | — | — | — |
Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.
The fine print.
Traded with Motilal Oswal? Prove it.
Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.
Outside rating used for now: Trustpilot 2.5 from 5 reviews.
- accounts: www.motilaloswal.com/learning-centre/2023/5/what-is-the-brokerage-for-
- segments: www.motilaloswal.com/campaign/morningpost/index.html
- regulators: www.motilaloswal.com/campaign/RegistrationOffers/page242/disclaimer-ia
- trustpilot: www.trustpilot.com/review/www.motilaloswal.com
Research notes: max_leverage null: exchange-traded derivatives; SEBI/exchange SPAN+exposure margins apply, no broker-set leverage. Not CFDs; currency F&O limited to INR pairs + exchange cross pairs. motilaloswal.com brokerage-charges page unreachable (blocked). Commodity rate from a May-2023 article - may be outdated. Currency/equity F&O brokerage, account opening, AMC, min deposit, payment methods not confirmed. Member of NSE, BSE, MCX, NCDEX (NCDEX 1240); currency F&O likely offered as NSE/BSE member but not confirmed, so not listed in segments.
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