Motilal Oswal Complaints & Reviews

I have open an account in motilal oswal securities on 29 January 2020 .My client id is BK1419 . I didn't even receive any POA the broker deal with me only by call .I opened that account only for trade in commodity . The broker takes 50000 rs on 30january2020 and start trading by himself without taking my permission .He loose all the money by 3 days and after asking him about losses broker demands more 50000 to recover the loss and gave profit....

Client I'd..NT0434

Name...Sheshappa Chinga Mendon

Old email id... [protected]@gmail.com

This is with regards to few unauthorized transactions done in my demat account without my notice.

In the month of August there are 2 times sale of HDFC bank shares (1).51 Shares. (2) 159 shares are been sold without my authorization and permission.

I was shocked to see such kind...

They are really fraud without our permission there executive did transaction wid our money and then our balance goes in negative, and again sending mail to deposit loss amount. When i did not performed any trading myself for long time then how can they demand such amount to me....

Guys motilal oswal is a great cheaters don't believe them. How dare they are.

I have sent email to close my account and refund all of money then i have received the email to send the closure form through post and i have done the same and i have received the conformation for the same from the postal office. But what the hell no body cared to process my request it's been 20 days.
Some girl called me and told that...

Today on 30 apr 2020

I have done transaction in application for intra day in demat ac rajac 102 and rajac180
I was unable to order and cancel order and also one order was no5 being done than its done 3 times.
It caused so much loss in both account.
When i tried to solve it by agent it was problem from ho

Why i bear that loss i[censored]r server and application not working

I want...

My Issue still remains unresolved. It seems we have to chase Motilal Oswal for our issues to be resolved.
I am dissatisfied with overall service and response. We would have to look for other alternatives if it continues to remain like this...

Client i'd : eaope7841
While opening account mofsl confirm me the account will be opened at no cost and no any future charges applicable to me except brockarage charges.
Now company applied do charges to my account and no any resolution provided on mail. Interaction id :[protected]
I have frequently contact to customer care but every time they give some new no to contact and new no always busy....

They are really fraud without our permission der transact wid our money and then our balance goes in negative... We have an option on app call to trade when we call on tht number dey r only available for trading rest dey don't have any answer regarding our account and gives us customer service number which is [protected] which never pick up nor revert... Pls do not invest in tht app or trade...

My account was opened in august, 2019 with motilal oswal. As soon as the account was opened, the representatives of the firm lost interest in the account, why i don't know. They stopped attending my phone calls. I was not informed about my client i. D. And other particulars. After a long follow up i could get only the i. D. I have still not been informed about other particulars, online app, or any instructions to enable me to start my trading....

I am demat holder with motillal oswal financial securities. My client code is eaop7178.
The company often threats me that my account with them will be revoked. I have hdfc tax sving mutual fund under demat with them. If they revoke my account i will not be able to encash my above mutual fund. I have written to them thrice but of no use as they again n again send me email that my account will be revoked.
Latest email being dt...

Really paining with motilal oswal master plan..!!

I have told you multiple times that i don't have any knowledge on the trade happened with my account and i was begging her (Neeti) that i don't want to trade which i don't know anything. However she told me (Assurance talk) that she will take care and participate the call and make only profit.

Also, i have told multiple time to that lady that "i...

Dear sir/madam

This is to inform you that my self avadhesh a. Gupta and i have been booked two flats with karrm infrastructure karram panchatava phase-2 at shahpur.
During the flats booking it was a mutual understanding between me and builder (Karrm infrastructure) that i will pay monthly emi against booked flats via cash or cheques.
One day i got a call from their (Karrm infrastructure) representative that they...

Client code-eaope33033
I started trading just à few months back for the very first time with motilal oswal. I believed in every advice they gave me. One of their sales executive guy presented me tgs software with sugar coated words and i purchased it on emi basis. However after purchasing i realised that this software is not at all meant for me and my investment style and since the very next day i have been contacting them to stop...

I have a motillal account with client code eaope13453.

I am purely into investment. I got a call from the motilal customer care during aug-sep 2019 for the trading and they introduced me the cheat software trade guide signal (Tgs). They made me to purchase the software with the sugar coated words, after subscription i found the software is not useful for me also i made some loss due to the software. Later i asked them to stop...

I opened a demat & trading account online with motila oswal (Mosl). I have not traded last two year. The account was opened online and i requested them to close it online. But they are insisting on sending physical signed account closure form. I had emailed them telling i will not send account closure form as the account was opened online and should be closed online. I again requested them to close my account but they not closing and threatening...

I have not trading last one year in motilal oswal. And i have booked so many losses with their tgs service. But last one year i told them to close my account but they not close and they threatning to me about legal notice sending to home. Last year my account was zero balance but now they add charges and told me to pay more 963rs. Worst service i have never seen. And today they mail me to reactivate my tgs service automatically on 7th oct...

I had only rs. 5000 as capital in motilal oswal and wanted to do intraday training but next day they deducted rs. 4600 for value packs and amc laifetime free service. I have told them previously that i want to make use of rs. 5000 to trade but still they deducted the money and while filling up the form their sales executive ms. Dimple did not tell that fully that my money will get deducted if i use value packs and before that when she tried...

All the advisory services provided by motilal oswal are fraud and only earn money from small investors in terms of high brokerage and put investors into big loss. Never subscribe for such services.
Tgs subscription cost me 5lacs loss in 1month.
Ace cash cost me 5.5lacs in 1year.
Please be aware of mosl trap.
Advisor is a big cheating game in this trade with mosl. They got percentage of brokerage so they call you...

I tried to setup an account with Motilal oswal to start mutual fund trading. at first they were helpful, assigned an advisor to me by the name of disha varia.

I wanted to set up an SIP in 2 schemes for 3000 each. they sent me the paperwork, I signed and sent them back. easy right? NO.

The SIP that was set up, was for 15, 000 instead of 6, 000. On asking my agent what caused this, her reply was the authorisation...

Dear all it is complaint about motilal tgs services and as per advisor of motilal oswal i subscribe tgs services and payment have to be done in two installment after first installment paying
I work on advisor recomandation who gave tip with reference of tgs and also work on tgs massages do you know friend in this one month i lasted 170000 rupees and in one day as per advisor call i losted around 60000 and i requested to motilal oswal...

This is regarding my tgs activation in my demat account with client code as eaope14142.

I was surprised to see the email in the morning that i have to pay 29382 for activation of tgs service. I attended the seminar to know more about it. I mentioned my client code there to know more about the product as it is not possible to ask individual query in a large audience.
There was a call from the call centre after the seminar...

Client code - eaope7066
Name : elan waskar
I am a client of motilal oswal since long time. I received a call from their advisor (Amit shah) to buy tgs, i told him very clearly that i am not a trader & not interested in the same, but he told me that i will help you by giving frequent trading tips where you can confirm and will take trade on your behalf. As per his communication i bought tgs. After buying tgs, i didn't received...

My agent misguide me that TGS services will less charge for me because i m facing loss with present share and convence me to subscribe this service and collect activation otp from me. But the service will start after next week.

After two days when i want to unsubscribe it they did not recieve my call dont respond my email also

What should i do?...

I'm a Trader at Motilal Oswal and my Client Code is EAOPE24984. An Incident compelled me to make a complaint against MOSL. On 18th June I've Bought 130 Shares of Bluestar and waited till the Day End.. As They Said if the Intraday Call is Not squared off they'll make it a Delivery . But they Sold it of their Own. Again on 19th I talked with Shivang Vyas and he asked me to pull that off from Demat Holding Position. All Okay I have suffered...

M/s Motilal Oswal, so called a big name in financial services is a big fraud .
I have opened a account for trading with them in 2018, and has found that the recommendations are so poor, that the losses were piling up and had shared the data that throught one year the fund value never crossed investment value.
When tried to talk to their officer - Khushal Rawal - They have changed the advisor .

New advisor is so...

Client code: eaope24539.
Name: bharath sh

I subscribed tgs on 18th march, 2019 and it was proposed to buy mr. Vikram mehta, and i paid first emi 9765/- debiting my demat accaount.

Now i with to stop this services with immediate effect, i proir intimated them on 12th april, 2019 regarding to stop this services and dont charge anty amount to my demat account and requested for refund what i paid.
br...

I open my ac with motilal oswal when a person countinues follow me by phone. So 1 day he come to my home and say within 24 hours your ac will open. So i proceed. But after taking 50000 rs ch. From me he not gave permission to transact me nin future. So i want to close my ac. But regullarlly talk and messages he not interested so i call a man call manager. Name om prakash. He also not gave perfect answer. So what i shiuld do now. They take...

I maintain a demat account with Motilal Oswal with client code XRP230. I had applied for transfer of shares and closure of the above demat account on October 2018. But the same was not done even after my repeated requests. On contacting the Motilal Oswal customer care I was being directed to contact the local branch.
I visited their branch office on 9th March 2019 and met the Branch head with a request to transfer shares and close...

I have start demat account with 1000 and it was been told to me that it would be safe and u can watch how it operate and can when and whenever u want to and i it would be not chargeable but martina mam is saying different now, as to close demat u need to first invest rupees 25000 and u will get back 800 deducting 199 amc charges. But i don't want to invest in any think futher and asked to close but mam is you will not get any amount....

My name is bhanu pratap pandey and my client code is eaope9259 in motilal oswal. I have joined the motilal oswal in november 2017 and till now i am in loss and not recoverd my principal amount also. The more worst situation occurred in the month january when i received so much call from my advisor in motilal relating with trade guide signal training (Tgs) and due to some misunderstanding with the assurance of profit, they deducted around...