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IDBI Direct Vs Anand Rathi: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Anand Rathi offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Anand Rathi ranges between 0.02 to 0.20%. Both the brokers are Full Service brokers. IDBI Direct is having overall higher rating compare to Anand Rathi. IDBI Direct is rated 3.5 out of 5 where Anand Rathi is rated only 3 out of 5. Number of active customer for Anand Rathi is 1,25,264 where number of active customer for IDBI Direct is 55,291. Anand Rathi is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Anand Rathi share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Anand Rathi's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Anand Rathi share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Anand Rathi's on

• Brokerage plans
• Plan types
• Customer Service
• Maintenance fees
• AMC
• Trading Platforms
• Rating
• Reviews
• Mobile App
• Margin/Leverage/Exposure
• Demat Account
• Investment Options
• And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Anand Rathi on Service

	IDBI Direct	Anand Rathi
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Full Service Broker
Exchanges Supported	NSE, BSE	BSE, NSE, MCX, NCDEX
Active Clients	55,291	1,25,264
Broker Overview	Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...	Open a Free Anand Rathi Trading & Demat Account to trade or invest across multiple products, get free trading tips and expert research reports, personalized advisory, and portfolio management services (PMS).
Broker Enquiry

Account Opening Charges and AMC

Compare IDBI Direct vs Anand Rathi on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Anand Rathi on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Anand Rathi charges Rs 450 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Anand Rathi

Charges	IDBI Direct	Anand Rathi
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 350 PA [Free for 1st year]	Rs 450 PA (Free for 1st year)
Provide DP Service

About Brokerage Plans

Compare IDBI Direct vs Anand Rathi on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Anand Rathi. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Anand Rathi on Plan Options

Plan Types	IDBI Direct	Anand Rathi
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare IDBI Direct vs Anand Rathi on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Anand Rathi Brokerage Plan detail - Anand Rathi has a fixed percentage-based brokerage plan that charges a 0.02% to o.20% brokerage fee on trading in different segments.

Share Broker's Transaction Charges

Compare IDBI Direct vs Anand Rathi on Transaction Charges

Compare IDBI Direct with Anand Rathi on transaction charges and PCM fee by segment.

Account Features

Compare IDBI Direct vs Anand Rathi on Account Features

Compare IDBI Direct with Anand Rathi on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Anand Rathi offers only 2-in-1 account which includes trading and demat account. Algo Trading - Anand Rathi offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Anand Rathi

Account Features Compare	IDBI Direct	Anand Rathi
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare IDBI Direct vs Anand Rathi on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Anand Rathi. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Anand Rathi

Trading Platform Compare	IDBI Direct	Anand Rathi
Desktop Trading Platform	Infinity	OMNESYS NEST - Trade X Pro
Desktop Demo	Info Not Available	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.idbicapital.com/	https://www.anandrathi.com/Otn/Login/indexauth.jsp
Web Trading Demo	Info Not Available	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	IDBI Direct Mobile App	Trade Mobi
Mobile Trading App Demo	Info Not Available	Info Not Available
Android Mobile App
Android App Download	Andriod IDBI Direct Mobile App Download	Andriod Trade Mobi Download
iPhone Mobile App (IOS)
iOS App Download	iOS IDBI Direct Mobile App Download	iOS Trade Mobi Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Info Not Available
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IDBI Direct	Equity Intraday and Delivery Brokerage Calculator for Anand Rathi
Futures Brokerage Calculator	Futures Brokerage Calculator for IDBI Direct	Futures Brokerage Calculator for Anand Rathi
Options Brokerage Calculator	Options Brokerage Calculator for IDBI Direct	Options Brokerage Calculator for Anand Rathi
Detail	Detail on Trading Platforms for idbicapital	Detail on Trading Platforms for anand-rathi-broker

Broker Ratings by Users

Compare IDBI Direct vs Anand Rathi on User Rating

	IDBI Direct	Anand Rathi
	31 Customer Reviews	2 Customer Reviews
Fees Ratings	3.0	3.5
Trading Brokerage Rating	2.5	3.0
Trading Platform Usability	2.6	3.0
Customer Service Ratings	2.7	3.5
Overall Ratings	2.7	3.0
Broker Rating	IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews	Anand Rathi is Rated 3.0 / 5 based on 2 customer reviews

Investment Offerings

Compare IDBI Direct vs Anand Rathi on Investment Offerings

Compare IDBI Direct with Anand Rathi on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Anand Rathi offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Anand Rathi provides PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare IDBI Direct with Anand Rathi

Investment Offerings Compare	IDBI Direct	Anand Rathi
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare IDBI Direct vs Anand Rathi on Order Types

Order Type - Compare IDBI Direct with Anand Rathi on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - IDBI Direct provide Cover Orders (CO) where Anand Rathi doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - IDBI Direct provide Bracket Orders (BO) where Anand Rathi doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Anand Rathi doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Anand Rathi

Order Type Compare	IDBI Direct	Anand Rathi
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare IDBI Direct vs Anand Rathi on Customer Service

Compare IDBI Direct with Anand Rathi on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Anand Rathi

Customer Service Compare	IDBI Direct	Anand Rathi
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-3913 5001	0291 710 5596/1800 420 1004 (toll-free)
Account Opening Process	Info Not Available	Info Not Available
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	Info Not Available	https://anandrathi.com/Inv_rathi_blog/
Head Office Address	Info Not Available	Info Not Available
Website	https://www.idbidirect.in/	Info Not Available

Tips/Research/Reports Published

Compare IDBI Direct vs Anand Rathi on Research Reports, Tips

Compare IDBI Direct with Anand Rathi on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Anand Rathi

	IDBI Direct	Anand Rathi
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IDBI Direct vs Anand Rathi on Demat Account

Compare IDBI Direct with Anand Rathi on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Anand Rathi is ₹450 pa (Second year onwards) where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Anand Rathi is ₹15 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Anand Rathi

	IDBI Direct	Anand Rathi
DP Source	CDSL	CDSL
DP ID	No	No
Demat Account Annual Maintenance Charges(AMC)	₹350 pa	₹450 pa (Second year onwards)
Advance Deposit	NO	NIL
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value or ₹30 whichever is higher + CDSL charges	₹15 + ₹5.50 CDSL charges
Demat	₹5 per certificate + ₹30 courier charges	₹3 per certificate + ₹35 courier charges
Remat	₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges	₹15 for every hundred securities or ₹15 per certificate (whichever is higher)
Pledge Creation	0.05% of transaction value or ₹50 whichever is higher	0.01% of the value (Min ₹50) + CDSL charges
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	0.0002% of transaction value or ₹25 whichever is higher	0.01% of the value (Min ₹50) + CDSL charges
Pledge Closure Confirmation	0.0002% of transaction value or ₹25 whichever is higher	0.01% of the value (Min ₹50) + CDSL charges
Pledge Invocation	0.0015% of transaction value or ₹25 whichever is higher	0.01% of the value (Min ₹50) + CDSL charges
Failed Instruction Charges	Nil	₹25
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Anand Rathi on Special Offers and Promotion

Compare IDBI Direct with Anand Rathi on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Anand Rathi on Special Offers and Promotion

	IDBI Direct	Anand Rathi
Pay In and Pay Out Options	Info Not Available	Info Not Available
Payout Time	Info Not Available	Info Not Available
Bank Supported and Charges	Info Not Available	Info Not Available
Bank Detail	Info Not Available	Info Not Available
Likes	3-in-1 account opening. Zero brokerage for the first 3 months. Zero AMC for the first year. Competitive brokerage Paperless investment in mutual funds. Equity SIP facility in shares (Amount based SIP and quantity-based SIP). Leverage/margin trading with E-margin. Encash – BSE feature to instantly get sale proceeds. Dealer-assisted trading and free call & trade Place aftermarket order, bracket order, and cover order. Place Good Till Date (GTD) Buy today Sell Tomorrow (BTST) Detail Review...	Read out the most important benefits or advantages of why choose Anand Rathi? Online trading in equity, derivatives, currency, and commodity. Mutual funds, FDs, NCDs, and portfolio management services (PMS). Zero account opening charges. Zero maintenance fee for the first year. Trade X’Press+, TradeX’Pro, and Trade Mobi App with real-time charting. Free Research: Fundamental & technical research, FNO, commodity, and currency research reports. Investment Basket: A thematic investing product. Equity SIP (E-SIP) facility to invest in shares. Place after-market order (AMO). Blog and knowledge center for beginners. Loan against shares and Margin trading facility (MTF). Free call & trade Detail Review...
Dislikes	Does not offer commodity trading. The user interface of the trading platforms can be improved. Customer service needs a lot of improvement. Detail Review...	There are some disadvantages or drawbacks also, here are the same; Does not offer direct mutual funds. No 3-in-1 account A bit higher brokerage fee than other discount brokers. Detail Review...
Special Offers/Promo
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