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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Zero Brokerage on Equity Delivery Trades
Flat ₹20 or 0.03% (whichever is lower) for Intraday and F&O
Trade with the best platforms and tools
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. |
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 |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | More Than 10,000. |
| NRI Account Opining Allowed Or Not. | YES, It is Allowed. |
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] |
Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating.
| Summary | Ratings |
|---|---|
| Customer Experience | 4 / 5 |
| Trading Platform / Mobile APP | 4 / 5 |
| Services | 3.5 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 5 / 5 |
| Overall Rating | 4 / 5 |
| Star Rating | ★★★★★ |
| Review Counts | 201 |
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. |
Frequently Asked Questions
What Is Intraday Brokerage charges In Mdirect?
Only charges Rs.18 per order for all segments like Stocks, Commodity & Currency.
How Many People Using Mdirect?
Company has More than 15,000+ active customer.
What are Annual Maintenance Charges for Trading & Demat In Mdirect?
Mdirect charged Rs.0 for Trading & Rs. 400 per yearly for Demat Annual Maintenance Charges.
What are Account Opening Charges For Trading & Demat In Mdirect?
Rs.500 of Trading + Demat account opening charges.
Does Mdirect Provide 3 In 1 Account?
No, Mdirect is a discount full-service stock broker & offer only offer Trading + Demat account.
Is Any Screener Available in Mdirect?
Currently Mdirect do not offer screener.
Is Algo Trading Facility Is Available With Mdirect?
No, Algo trading facility now available.
Does Mdirect offer All Three Trading Platform?
Yes, They provide all trading platform versions like Desktop software, Web-based, & Mobile Trading App.
How Many Days Are Required To Credit Fund Into My Account In Mdirect?
Mdirect usually takes 1 working day to credit fund.
Does Investment In Mutual Funds Allowed & charges In Mdirect?
Mutual funds investments are allowed & Rs.0 brokerage charges for MF investments.
Does Mdirect provide Research & Advisory, Tips?
No, Mdirect is full-service broker & they offer Research, Advisory.
Do i Apply IPO Through Mdirect?
Yes, Customer can apply for IPO and IPO application process is very easy.
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