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IDBI Direct Vs Compositedge: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Compositedge offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Compositedge ranges between Rs 18. IDBI Direct is a Full Service Broker where Compositedge is a Discount Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for IDBI Direct is 55,285 where number of active customer for Compositedge is 1,961. IDBI Direct is serving more customer compare to Compositedge.

Here we present side-by-side comparison of IDBI Direct vs Compositedge 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 Compositedge'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 Compositedge 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 Compositedge'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 Compositedge on Service

  IDBI Direct Compare
IDBI Direct
Compositedge Compare
Compositedge
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 55,285 1,961
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... Know more about IDBI Direct Composite Investments Pvt. Ltd. with centralized operations in Banglore, is a highly credible name with a presence of more than 18 years in the Indian financial markets. The broker provides online share trading services to buy & sell stocks, futu...Know more about Compositedge
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Compositedge on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Compositedge on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Compositedge charges Rs 500 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Compositedge charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Compositedge
Charges IDBI Direct Compositedge
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Rs 100
Demat AMC Rs 350 PA [Free for 1st year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Compositedge on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Compositedge. 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 Compositedge on Plan Options
Plan Types IDBI Direct Compositedge
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Compositedge on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Compositedge Brokerage Plan detail - Compositedge flat rate brokerage plan offer first 1000 trader @Rs18 per trade in equity, commodities, futures and option segment, From 1001 onwards its @Rs15 Per trade.

Brokerage Charges - Compare IDBI Direct with Compositedge
Brokerage Charges Compare IDBI Direct Compositedge
Plan Name Flat Brokerage PLan Max Rs 15 Per Order Trading Plan
Equity Delivery 0.20% 0.06% or Rs 15 whichever is lower
Equity Intraday 0.02% 0.006 % or Rs 15 whichever is lower
Equity Futures Flat Rs 15 per order 0.006 % or Rs 15 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 15
Currency Futures Flat Rs 15 per order 0.006 % or Rs 15 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 15
Commodity Trading NA Flat Fee Rs 15
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Compositedge
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Share Broker's Transaction Charges

Compare IDBI Direct vs Compositedge on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Compositedge
Transaction Charges Compare IDBI Direct Compositedge
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for compositedge
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Account Features

Compare IDBI Direct vs Compositedge on Account Features

Compare IDBI Direct with Compositedge 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 Compositedge offers only 2-in-1 account which includes trading and demat account. Algo Trading - Compositedge offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Compositedge doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Compositedge
Account Features Compare IDBI Direct Compositedge
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes No
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Compositedge on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Compositedge. 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 Compositedge
Trading Platform Compare IDBI Direct Compositedge
Desktop Trading Platform Infinity NSE NOW - The trader workstation
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ http://www.nowonline.in/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App NSE NOW
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod NSE NOW Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS NSE NOW Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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 Compositedge
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Compositedge
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Compositedge
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for compositedge

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Broker Ratings by Users

Compare IDBI Direct vs Compositedge on User Rating

  IDBI Direct Compositedge
  31 Customer Reviews    Rate IDBI Direct 13 Customer Reviews    Rate Compositedge
Fees Ratings 3.0 4.1
Trading Brokerage Rating 2.5 4.7
Trading Platform Usability 2.6 4.1
Customer Service Ratings 2.7 4.4
Overall Ratings 2.7 4.3
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Compositedge is Rated 4.3 / 5 based on 13 customer reviews
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Investment Offerings

Compare IDBI Direct vs Compositedge on Investment Offerings

Compare IDBI Direct with Compositedge 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 - Compositedge offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct offers online mutual fund investment option where Compositedge doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Compositedge
Investment Offerings Compare IDBI Direct Compositedge
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Compositedge on Order Types

Order Type - Compare IDBI Direct with Compositedge 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 Compositedge 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 Compositedge 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)- IDBI Direct offers After Market Orders where Compositedge doesn't offers AMO. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Compositedge doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Compositedge
Order Type Compare IDBI Direct Compositedge
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IDBI Direct vs Compositedge on Customer Service

Compare IDBI Direct with Compositedge 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 Compositedge
Customer Service Compare IDBI Direct Compositedge
24/7 Customer Service IDBI Direct vs Compositedge - 24x7 customer support No No
Email Support IDBI Direct vs Compositedge - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Compositedge - Onine Live Chat No Yes
Phone Support IDBI Direct vs Compositedge - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Compositedge - Toll Free Number Yes No
Through Branches IDBI Direct vs Compositedge - Through Branches Yes No
Customer Care Number IDBI Direct vs Compositedge - Customer Care Number 022-3913 5001 Info Not Available
Account Opening Process IDBI Direct vs Compositedge - Account Opening Process Info Not Available Info Not Available
Customer Support Email IDBI Direct vs Compositedge - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education IDBI Direct vs Compositedge - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address IDBI Direct vs Compositedge - Head Office Address/Corporate Address Info Not Available Info Not Available
Website IDBI Direct vs Compositedge - Company Website https://www.idbidirect.in/ Info Not Available
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Tips/Research/Reports Published

Compare IDBI Direct vs Compositedge on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Compositedge
  IDBI Direct Compositedge
Research Mutual Funds IDBI Direct vs Compositedge - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Compositedge - Research Equity Reports Yes No
Research ETF IDBI Direct vs Compositedge - Research ETF Yes No
Daily Market Report IDBI Direct vs Compositedge - Daily Market Report Yes No
Free Tips IDBI Direct vs Compositedge - Free Tips Yes No
Quarterly Result Analysis IDBI Direct vs Compositedge - Quarterly Results Yes No
News Alerts IDBI Direct vs Compositedge - Yes No
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Demat Account

Compare IDBI Direct vs Compositedge on Demat Account

Compare IDBI Direct with Compositedge 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 Compositedge is Monthly Charges - ₹25 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 Compositedge is 0.04% of the transaction value or ₹8 whichever is higher.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 Compositedge
  IDBI Direct Compositedge
DP Source CDSL CDSL
DP ID IDBI Direct vs Compositedge - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Monthly Charges - ₹25
Advance Deposit NO NIL
Statutory charges Nil ₹50 Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.04% of the transaction value or ₹8 whichever is higher
Demat ₹5 per certificate + ₹30 courier charges ₹2 + courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities or ₹10 per certificate (whichever is higher) + CDSL charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹20 + ₹12 request charges
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹20 + ₹12 request charges
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹20
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Compositedge on Special Offers and Promotion

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

Compare IDBI Direct vs Compositedge on Special Offers and Promotion
  IDBI Direct Compositedge
Pay In and Pay Out Options IDBI Direct vs Compositedge - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time IDBI Direct vs Compositedge - Payout Time Info Not Available Info Not Available
Bank Supported and Charges IDBI Direct vs Compositedge - 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...

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...

Minimum brokerage charged; not suited for penny stock traders; other hidden charges.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00