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Is an online broker expensive?


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Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:30 PM  | Hide replies

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

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HangshaRajBoro
Re: MOTILAL OSWAL IS A CHEAT
by HangshaRajBoro on Nov 23, 2012 07:12 PM
KICK OUT SUCH ONLINE TRADING ACCOUNT. OPEN ACCOUNT IN ANOTHER BROKER.

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Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:23 PM  | Hide replies

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Message deleted by moderator
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:22 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:21 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:20 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:20 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:19 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:19 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:18 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
Sumit Agarwal
MOTILAL OSWAL IS A CHEAT
by Sumit Agarwal on Jan 29, 2010 07:18 PM

I have account in Motilal oswal.
When I opened my account there was no minimum brokerage, but from 01.04.2009 they imposed a minimum brokerage of Rs.20/- per trade without my consent.
Thay charge me an annual fee of roughly Rs.400-500/- for providing free demat service. But once I submitted delivery of shares through delivery instruction and to my surprise they charged me for that.
I wrote to them lots of time but they did not respond and contimue to charge me higher.
They also have shrunk all their branches in Kolkata and now have just one branch in entire kolkata.
Is this cheating or not?
BEWARE OF THIS FRAUD called MOTILAL OSWAL

    Forward  |  Report abuse
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