This one is great. Review on Motilal Oswal Financial Services

Going through most of the reviews for an online broker I was pleasantly surprised not to find one for motilal oswal. Well here I am guiding you all future blokes & blokees :) whether to go in for it or not. Well some background first. I am working in an IT firm and have been trading (not investing) quite frequently for the past one year (the rise of the sensex days). During this time I was having an account with IndiaBulls. Their service was strictly ok to say the least. Some pros were fast refresh rate & quick order placements unlike ICICIdirect (thats what my friends complained). But cons were many like poor interface & not very helpful relationship managers. After some thought I decided to go in for motilal as one of my friends had recommended them. I have taken an account with them for the past one month and the service has been very satisfactory. Some of the good things that come along with their package is a good user interface (better than IB, but maybe not as good as ICICIDirect), cheaper brokerage rates & the biggest of them all....ya u guessed right...recommendations......For anyone dabbling in stocks it need not be stated as to what the importance of timely recommendations are. The people here at Motilal do a good job of it. For e.g. during the market hours they have messages popping up on some ideas for intraday (around 70% of them do work). Also they do carry out research and publish their reports to clients giving some stock recommendations for delivery (short term ranging from one month to an year)...These are also pretty good....Atleast for the ones that they had recommended a month back the hit rate has been great......But as such all is not goody goody here too....There are some flip sides as well......Their software goes down atleast once a week during market hours for 15 - 20 minutes.....In such a scenario one has to call them up for placing orders....They also have a something called as a minimum brokerage policy....i.e. the amount of business that a client has to do in a month to fetch them some fixed amount as brokerage (i think 500Rs ...not very sure......for me it was waived off.....They had temporarily scrapped it during March on a trial basis. Dont know if the suspension is on. One has to check during account opening)......And they dont have relationship managers if your outlay is less than three lakhs.......But having said all this I still feel motilal is a very good bet simply because of their advice........Remaining things once can find everywhere, but when it comes to recommendations even sites like moneycontrol & all recommend only after the price has risen and not before......In Stock markets I personally believe tips are THE things needed to profit....Hence I give this one my thumbs up !!!!!