Mdirect

Mdirect acknowledges the uniqueness of each individual investor-client. Just as some individuals may find some food preparation Delicious, some may find some financial asset Money-Licious. The Food for Thought underlying “Money-Licious” was that our Financial preferences, just like our Food preferences changes with time. So keeping in tandem with ‘The IT Age’, we have forayed into a full State of the Art Technology driven financial services platform.
At the first stage, we have launched our online trading interface. Account opening documentation is at its simplest avatar… through the e-KYC process. We are confident that our trading interface with its innovative technological inclusions will make your experience with M-Direct very appeasing.
Enjoy this Moneylicious experience designed just for you and relish the taste of money….the Mdirect Way.

Website. www.mdirect.co.in
Demat Account. CDSL.
Trading Exchanges. NSE, BSE, MCX-SX, MCX & NCDEX.
Broker Type. Discount Broker.

Mdirect Account Opening Fees.

Trading Account. Rs.100.
Demat account. Rs.200.
Commodity Account. Rs.200.
Trading Annual maintenance charges (AMC). Rs 400/year

Brokerage Charges.

SEGMENT. BROKERAGE.
Equity (Intraday). Rs. 18 per Executed Order.
Equity (Delivery). Rs. 18 per Executed Order.
Equity Futures. Rs. 18 per Executed Order.
Equity Options. Rs. 18 per Executed Order.
Currency Futures. Rs. 18 per Executed Order.
Currency Options. Rs. 18 per Executed Order.
Commodity. Rs. 18 per Executed Order.

Margins or Leverages.

SEGMENT. MARGINS.
Equity (Intraday). Upto 15 Times for Intraday.
Equity (Delivery). Upto 15 Times for Intraday.
Equity Futures. Upto 3 Times for Intraday.
Equity Options. No Leverage.
Currency Futures. Upto 3 Times for Intraday.
Currency Options. No Leverage.
Commodity. Upto 2 Times for Intraday.

Trading Platforms or Software.

Trading Platform or Software. YES.
Web based. YES.
Mobile Application. YES.

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Mdirect Some Useful Services.

Online Trade Reports. YES.
Online PNL Reports. YES.
Intraday Chart Facility 1 Days.
End of Day Chart Facility. 3 Years
3 in 1 Account. NO.
Instant Fund withdrawal. NO.
Relationship Managers. NO.

Mdirect Useful Details.

Price (Broker Type). Per Order.
Headquarters City (Head Office). Pune.
Total Branches (Presence). 1 Branches.
Research & Tips. Yes Research & Tips.
Total Experience in Broking. 6 Years of experience.
Year of Incorporation. 2011

Mdirect Client Info & NRI Account opining Regulations.

Current Active Client Base? More Than 10,000.
NRI Account Opining Allowed Or Not. YES, It is Allowed.

Mdirect Fund Transfers Service.

Number of bank linked to account. 2+
Mode of payment (Withdraw &Deposit). Online, NEFT/RTGS.
Fund Payin processing time . No Instant.
Fund Payout processed (Working Days). No Instant.

Turnover & Other Charges.

Equity (Cash & Delivery) Turnover charges. 0.00325% of Turnover.
Equity Futures Turnover charges. 0.0025% of Turnover.
Equity Options Turnover charges. 0.050% of Premium Turnover.
Currency Futures Turnover charges. 0.0025% of Turnover.
Currency Options Turnover charges. 0.0025% of Turnover.
Commodities Turnover charges. 0.0025% of Turnover.
Dial & Trade charges. Rs. 18 per Executed Order.
DP Transaction charge. Rs. 18 per Executed Order.

Support & Tools Available.

Brokerage calculator. YES.
Margin Calculator. No.
Bracket orders & Trailing stoploss. YES.
Cover order. No Info.
User guide & remote end support. YES.

Reports & Confirmation.

Contract notes on Email. Yes (Register Email ID).
Contract notes online. Yes (Register Email ID).
Periodical statement on Email. Yes (Register Email ID).
Trade confirmation on Email. Yes (Register Email ID).
Trade confirmation on SMS. Yes (Register Email ID).

Additional Features.

Charting (Intraday & EOD). YES.
Coding or Backtesting (Algo Trading). No(Algo trading).
Referral program (Affiliate). YES.
Training & Education. Not Available.
Online trading community. Not Available.

Customer Care Services.

Contact Details. Corporate Office.
M Direct – One BKC
1803, C- Wing, 18th floor,
One Bkc, Opp Indian Oil,
Bandra Kurla Complex,
Bandra Mumbai 400 051.
Land Line : 022 66018300
Call.. Open a New Account: 1860-267-1671
Existing Investor-Clients
For Trading
022-66018386
For Non-Trading assisstance
022-66018324
Email. [email protected]
Complaints Or Grievances. [email protected]

Sebi Registration.

MCX:Membership ID:46035.
FMC Code:MCX/TM/CORP/1948.
NCDEX: Membership ID:01127.
FMC Code: NCDEX/TM/CORP/1102.
NSE and BSE: INZ230007833.
MSEI cash: INB261470133.
F&O segment : INF261470133.
SEBI Research Analyst Number : INH300003314.
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