Motilal Oswal MO Trader App 2021
In this article, we will discuss Motilal Oswal‘s “MO Trader App” what does it mean, its benefits, how to use the app, and the plans it offers to its customers. Let’s dive into it:
Motilal Oswal is one of the prominent financial service providers. It allows customers to trade-in equity & commodity market, derivatives, currencies, and mutual funds. Moreover, MO provides market insights and uses advanced technology-led tools to impress investors/traders to put their faith in them.
Motilal Oswal Trader app is considered one of the best performing apps that provide several features to their customers. It is specially designed to keep the need of passionate traders in mind. Rated as one of the best trading apps in India which helps its customers to learn, research, invest and trade with this app.
It offers customized action plans, technical charts, and ratios to compare the performance of the portfolio, live streaming, customized reports based on the frequency customer has subscribed for daily/weekly/monthly/yearly to make an informed decision.
As time plays an integral role in trading hence you can enjoy high-speed execution with negligible glitches and an efficient customer service team. Hence, this app is considered a next-generation trading terminal that offers its customers to invest in a market without facing huge losses.
How to Use Trader App?
Time needed: 5 minutes.
Let’s check out how an investor or trader can use this app. Here I’m sharing the steps that one can utilize for setting up the MO Trader App:
The app is available for Android and IOS platforms.
- MO Trade App
Visit the play store and search for Motilal Oswal Trade App.
Click on the Install option.
Once Installed it will give two options client login or guest login.
Client login is synonymous with the sign-in option and guest login is like a signup option for first-time users.
- Guest Login
As a guest login, fill in the required details, enter your nickname and password.
- Log in
You will receive a password on your registered mail id, log in with username and password, and you’re set to trade.
MO Trader vs MO Investor
Motilal Oswal offers two versions of this app, one is meant for investors and the other for traders. Well, investors and traders look-alike like the common man but in the stock exchange, they are considered different concerning their approach, strategy, and goals.
Investors take a long-term approach while investing in the market and do not worry about short-term losses whereas traders do frequent transactions and aim to generate returns quickly from fluctuating markets.
|MO Investors App||MO Trader App|
|Investors app is used for long-term investment in the stock market.||Trader App is used for trading in the stock market to make short terms profits.|
|Provides a list of best-performing mutual funds schemes with expert rankings and reviews.||Can access 19+ technical screeners that help traders to find the right trading opportunities at the right time.|
|Can Calculate their portfolio’s net worth.||Access to the latest market-related updates across companies, industry & economic events based on your stock held in your portfolio.|
|Get customized recommendations in equity investment.||Provide a detailed and up-to-date summary of your trading activity.|
|Provide real-time authenticated news picked from reliable sources.||Allow pinning your most viewed screen for quick access.|
|Can build a diversified portfolio based on your risk profile with your investment amount and tenure.||Allow placing bulk orders at the time you desire.|
|Easy reports to track the status of your investment.||Provide a price alert option with an indication of the desired price level.|
MO Trader Plans With Brokerage Charges
Motilal Oswal offers two plans to their Trader category. Let’s check these plans applicable to which trader category with brokerage charges.
1) Value Pack Plan: It is a prepaid brokerage plan and is meant for active traders which offer cheaper brokerage when traders pay an upfront fee. 7 value pack options are starting from Rs 2500 up to 1 lac.
|Scheme name||VP2KLT (Online)||VP3KLT(Online)||VP5KLT||VP10KLT||VP30KLT||VP50KLT||VPILACLT|
|Upfront Fees (one time)||Rs 2,500||Rs 3,000||Rs 5,000||Rs 10,000||Rs 30,000||Rs 50,000||Rs 1,00,000|
|Account Opening Fee||Rs 0||Rs 0||Rs 0||Rs 0||Rs 0||Rs 0||Rs 0|
|Demat Account AMC (1st Year Free)||Rs 299||Rs 299||Rs 550||Rs 550||Rs 550||Rs 550||Rs 550|
|Delivery Brokerage||0.40% (min 2 paise)||0.35% (min 2 paise)||0.30% (min 2 paise)||0.25% (min 1 paise)||0.20% (min 1 paise)||0.15% (min 1 paise)||0.10% (min 1 paise)|
|Intraday Cash (Equity) (both side)||0.040% (min 1 paise)||0.035% (min 1 paise)||0.030% (min 1 paise)||0.025% (min 1 paise)||0.020% (min 1 paise)||0.015% (min 1 paise)||0.010% (min 1 paise)|
|Intraday Futures (Equity & Commodities) (both side)||0.040% (min 1 paise)||0.035% (min 1 paise)||0.030% (min 1 paise)||0.025% (min 1 paise)||0.020% (min 1 paise)||0.015% (min 1 paise)||0.010% (min 1 paise)|
|Options (Equity) (both side)||Rs 50 per lot||Rs 45 per lot||Rs 40 per lot||Rs 30 per lot||Rs 25 per lot||Rs 25 per lot||Rs 20 per lot|
|Options (Currency) (both side)||Rs 22 per lot||Rs 20 per lot||Rs 18 per lot||Rs 15 per lot||Rs 12 per lot||Rs 12 per lot||Rs 10 per lot|
Margin Scheme: This scheme is meant for frequent traders. The brokerage will keep reducing when you keep higher-margin money in your trading account:
|Scheme||Margin Rs 0 to Rs 24999||Margin Rs 25000 to Rs 49999||Margin Rs 50000 to Rs 99999||Margin Rs 100000 to Rs 299999||Margin Rs 300000 to Rs 499999||Margin Rs 500000|
|Trading Account AMC||Rs 800 per year||Rs 299 per year||Rs 299 per year||Rs 299 per year||Rs 299 per year||Rs 299 per year|
|Admin Charges||Rs 199 per year||Rs 199 per year||Rs 199 per year||Rs 199 per year||Rs 199 per year||Rs 199 per year|
|Equity Delivery Brokerage||0.50% (Min 5 Paise)||0.40% (Min 3 Paise)||0.30% (Min 3 Paise)||0.25% (Min 3 Paise)||0.20% (Min 2 Paise)||0.15% (Min 1 Paise)|
|Equity Intraday Cash & Future||0.05% ( Min 5 Paise )||0.04% (Min 4 Paise)||0.03% (Min 3 Paise)||0.025% (Min 2 Paise)||0.02% (Min 2 Paise)||0.015% (Min 1 Paise)|
|Options||Rs 100 per lot||Rs 75 per lot||Rs 70 per lot||Rs 50 per lot||Rs 40 per lot||Rs 25 per lot|
|Currency Futures & Options||Rs 20 per lot||Rs 20 per lot||Rs 20 per lot||Rs 20 per lot||Rs 20 per lot||Rs 20 per lot|
Motilal app definitely offers a long list of benefits but as per the latest reviews from the market, the updated version of this app is not so effective and their customer service team is also of not much of use. In addition, they charge high brokerage charges as compare to other apps available in the market.