MDirect Brokerage, AMC, Demat Charges-2017


MDirect Logo MDirect Brokerage Charges, AMC and Trading Charges and overview - MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.

Special Offer: First 5 orders Free, First year DP AMC Free, Free research

MDirect Trading account opening charges/AMC charges

Trading Account opening is onetime fee that MDirect charge while initiate your account opening process.Trading AMC(Annual maintenance Charges) is an annual fee charges by MDirect to maintain your account, this is annual charges and deduct from your account even if you haven't trade for a year.

MDirect Trading account opening & AMC charges
TransactionDurationFee
1.Trading Account Opening ChargesOne TimeRs 500
2.Trading Annual Maintenance Charges(AMC)Yearly FeeNil

MDirect Brokerage Charges

MDirect's Rs 18 Per Trader Plan - Flat Rs 18 Per Trader Plan.

MDirect Brokerage Charges - Rs 18 Per Trader Plan
TypeValueTypeValue
Brokerage PlanRs 18 Per Trader PlanFlat FeeNA
Equity DeliveryRs 18 per executed orderEquity IntradayRs 18 or 0.01 % whichever is lower
Equity FuturesRs 18 per executed orderEquity OptionsRs 18 per executed order
Currency FuturesRs 18 per executed orderCurrency OptionsRs 18 per executed order
CommodityRs 18 per executed order
Please refer unique and accurate MDirect Brokerage Calculator

MDirect Equity Trading Charges

MDirect Equity Trading Charges is the total trading cost that a client has to bear for trading in equity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.There is differance in Equity Delivery,Equity Intraday,Equity Futures & Equity Options trading cost,please refer the details below:

MDirect Equity Trading Charges
TypeEquity DeliveryEquity Intraday
BrokerageBy PlanBy Plan
Transaction ChargesRs 325 Per CrRs 325 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STT0.01% on Both Side(Buy and Sell)0.025% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

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MDirect Equity F&O Trading Charges
TypeEquity FuturesEquity Options
BrokerageBy PlanBy Plan
Transaction ChargesRs 350 Per CrRs 8000 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STT0.01% on Sell0.017% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Currency Trading Charges

MDirect Currency Trading Charges is the total trading cost that a client has to bear for trading in Currency. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.There is differance in Currency Futures & Currency Options trading cost with MDirect,please refer the details below:

MDirect Currency Trading Charges
TypeCurrency FuturesCurrency Options
BrokerageBy PlanBy Plan
Transaction ChargesRs 215 Per CrRs 7000 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STTNo STTNo STT
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Commodity Trading Charges

MDirect Commodity Trading Charges is the total trading cost that a client has to bear for trading in Commodity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, CTT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.

MDirect Commdity Trading Charges
TypeCommdity
BrokerageBy Plan
Transaction Charges
GST18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore
STT/CTT0.01% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Demat Charges

Demat Account opening is onetime fee that MDirect charge while initiate your demat account opening process. If you already have demat account, in that case you don't have to open again, instance you can link your trading account with your old demat account. Please check more details with MDirect's representative. Demat AMC (Annual maintenance Charges) is an annual fee charges by MDirect to maintain your demat account.

MDirect Demat Detail Charges
TypeDetails
1.DP Source
2.Demat Account Opening ChargesRs 200
3.Demat Account Annual Maintenance Charges(AMC)
4.Statutory Charges (Stamp Charges payable upfront)
5.Advance Deposit
6.Transaction Charges per ISIN (Market Trades)
Buy (Receive)Rs 0
Sell (Debit)
7.Demat & Remat Charges
Demat
Remat
8.Pledge Charges
Pledge Creation per ISIN
Pledge Creation Confirmation per ISIN
Pledge Closure per ISIN
Pledge Closure Confirmation per ISIN
Pledge Invocation per ISIN
9.Failed Instruction Charges
10.Other Charges Demat

Frequently Asked Questions about MDirect Trading plans and Account opening

MDirect Broker QnA (Frequently Asked Questions) - Get answer of all basic question on trading plan, account opening process, fees, charges, trading tool, performance and customer care.

  1. MDirect falls in which Broker Category?

    Discount Broker - Fixed Brokerage Per transaction

  2. Which Stock Exchanges I can trade on with MDirect?

    MDirect support trading at - BSE,NSE,MCX,NCDEX,MSEI.

  3. Which all segments I can trade in with MDirect?

    Equity (Delivery,Intraday,Future and Option),Commodity,Currency

  4. What is the Trading Account Opening Charges with MDirect?

    MDirect charges Rs 500 to open account.

  5. How much is the Trading Account AMC with MDirect?

    Nil

  6. What is the Demat Account Opening Charges with MDirect ?

    Rs 200

  7. How much is the Demat AMC with MDirect?

    RS 400/p.a - Waived for 1st year

  8. Is Demat Account Mandatory with trading account at MDirect?

    Yes, Demat Account is mandatory when opening trading account with MDirect.

  9. Is there any monthly plans available with MDirect?

    No,MDirect don't have monthly plans.

  10. Is there any yearly plans available with MDirect?

    No,MDirect don't have yearly plans.

  11. Is there any minimum Brokerage to trade with MDirect?

    No

  12. What are the Brokerage Charges with MDirect's per segment?

    Equity Delivery - Rs 18 per executed order
    Equity Intraday - Rs 18 or 0.01 % whichever is lower
    Equity Future - Rs 18 per executed order
    Equity Option - Rs 18 per executed order
    Commodity - Rs 18 per executed order
    Currency Derivatives (Future) - Rs 18 per executed order
    Currency Derivatives (Option) - Rs 18 per executed order

  13. Please refer unique and accurate MDirect Brokerage Calculator
  14. What are the Transaction Charges with MDirect's per segment?

    Equity Delivery - Rs 325 Per Cr
    Equity Intraday - Rs 325 Per Cr
    Equity Future - Rs 350 Per Cr
    Equity Option - Rs 8000 Per Cr
    Currency Derivatives (Future) - Rs 215 Per Cr
    Currency Derivatives (Option) - Rs 7000 Per Cr

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  16. Does MDirect offers IPO investment?

    No; you can't invest in IPO's with MDirect.

  17. Does MDirect offer Mutual Funds investment?

    No; you can't invest in Mutual Fund's with MDirect.

  18. Can I buy or trade Bonds and NCD's with MDirect?

    No; you cannot trade in bonds and NCD's with MDirect.

  19. One on One Comparison of MDirect with popular brokers in India

    Comparison of All Brokers

  20. Can I open 3-in-1 account with MDirect? Account which include share trading account, demat account and a linked bank account for seamless transitions.

    No; 3 in 1 accounts is not available with MDirect.

  21. Does MDirect offer automated trading (algorithmic trading) for retail investors in India?

    Yes; MDirect offer automated trading to its retail trading customers.

  22. Does MDirect offer After Trading Hours Order or After Market Order (AMO) or Off Market Orders? Can I place orders after trading hours; the orders which gets executed when market opens next time? Can I place an order when the market is closed?

    Yes; you can place 'After Trading Hours' Order with MDirect. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allows to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on non trading day (weekends or trading holidays).

    Note: After hour facility for order placement may not be available certain segments. Please check with the broker for more detail about this service.

  23. Can I place Good Till Cancelled (GTC) orders though MDirect? With Good Till Cancelled trading orders; order remains in the system until you cancels it or they gets executed.

    No; you can't place GTC Orders with MDirect.

  24. Does MDirect offer Margin Funding for share / commodity trading?

    No; Margin funding is not available when trading with MDirect.

  25. Does MDirect back-office provide combined ledger for Equity and Commodity?

    No; combined ledger for Equity and Commodity is not available when trading with MDirect.

  26. What are the Trading Platforms available with MDirect ?

    Desktop Trading Platform:Mdirect Nest Plus
    Web Trading Platform:Mdirect Nest Plus
    Mobile Trading Platform:Mdirect

  27. What is the Intraday Square-off Time for Intraday Trading in Equity segment at MDirect?

    3:15 pm

  28. Is there any 24*7 customer support available for MDirect?

    Yes; MDirect provide 24x7 customer service.

  29. Does MDirect provide customer support though live Chat on website?

    Yes; MDirect provide customer service through Chat service online.

  30. Is there any toll free number for customer support with MDirect?

    Yes; MDirect provide toll free number for customer support.

  31. Does MDirect offer customer service through local branch offices?

    No; MDirect doesn't offers customer service through local branch offices, local partners or franchises.

  32. Does MDirect publish Daily Market Research Reports?

    Yes

  33. Does MDirect provide any Stock/Commodity trading tips or investment strategies to its customers?

    Yes' MDirect provide free tips for stock and commodity trading to its customers.

Information on this page is last updated on 2/1/2017 8:02:54 AM.

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