The brokerage of MDirect Max Rs 18 per trade while the brokerage of HDFC Securities Ltd ranges between .05 to .5%. MDirect is a Discount Broker where HDFC Securities Ltd is a Full Service Broker. MDirect is having overall lower rating compare to HDFC Securities Ltd. MDirect is rated only 3 out of 5 where HDFC Securities Ltd is rated 4 out of 5.
Here we present 1 on 1 comparison of MDirect vs HDFC Securities Ltd share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MDirect vs HDFC Securities's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.
 MDirect |
 HDFC Securities Ltd |
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| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Discount Broker | Full Service Broker |
| Exchanges Supported
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BSE,NSE,MCX,NCDEX,MSEI | BSE, NSE |
| Broker 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. | Runner up in the "Best e-brokerage House" category by Outlook Money, HDFC Securities offers both retail and institutional brokering with 250 branches and more than 1.5 million customers. HDFC securities also serves as a distributor of financial produ... |
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| MDirect | HDFC Securities Ltd | |
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| Trading Account Opening Fees
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Rs 500 | Rs 999(Trading+Demat) |
| Trading AMC
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Nil | Adjusted in Brokerage |
| Demat Account Opening Fees
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Rs 200 | NIL |
| Demat AMC
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RS 400/p.a - Waived for 1st year | Rs 750(free for 1st year) |
| Provide DP Service
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| MDirect | HDFC Securities Ltd | |
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| Monthly Plans
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| MDirect | HDFC Securities Ltd | |
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| Contact / Request Call Back |
| MDirect | HDFC Securities Ltd | |
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| Plan Name
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Rs 18 Per Trader Plan | Online Trading |
| Plan Description
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Flat Rs 18 Per Trader Plan. | HDFC Securities have % base brokerage plan, where Minimum brokerage is fix @Rs25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on higher range and Equity Delivery & Future trading is on average brokerage level with compare to other full service brokers. |
| Equity Delivery
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Rs 18 per executed order | 0.50% |
| Equity Intraday
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Rs 18 or 0.01 % whichever is lower | 0.05% |
| Equity Futures
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Rs 18 per executed order | 0.05% |
| Equity Options
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Rs 18 per executed order | Rs.100 OR .1% Whichever is higher |
| Currency Futures
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Rs 18 per executed order | 0.05% |
| Currency Options
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Rs 18 per executed order | Rs.100 OR .1% Whichever is higher |
| Commodity Trading
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Rs 18 per executed order | NA |
| Minimum Brokerage
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Rs 25 | |
| Brokerage Calculator | Brokerage Calculator for mdirect | Brokerage Calculator for hdfc-securities |
| MDirect | HDFC Securities Ltd | |
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| Equity Delivery
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Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Intraday
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Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Futures
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Rs 350 Per Cr | Rs 190 Per Cr |
| Equity Options
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Rs 8000 Per Cr | Rs 5000 Per Cr |
| Currency Futures
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Rs 215 Per Cr | Rs 110 Per Cr |
| Currency Options
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Rs 7000 Per Cr | Rs 4000 Per Cr |
| Commodity
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| Brokerage Charges | Complete Brokerage Plans for mdirect | Complete Brokerage Plans for hdfc-securities |
| MDirect | HDFC Securities Ltd | |
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| 3 in 1 Account
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| Charting
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| Automated Trading
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| After Trading Hour Orders
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| Good Till Cancelled (GTC)
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Combined Ledger for Equity and Commodity
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| Intraday Square-off Time
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3:15PM | 3:15PM |
| NRI Trading
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| Other Features
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| MDirect | HDFC Securities Ltd | |
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| Desktop Trading Platform
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Nest Plus | Blink |
| Desktop Platform (Windows)
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| Desktop Platform (Mac)
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| Web Trading Platform
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| Web Trading Detail
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Mdirect Nest Plus | https://trade.hdfcsec.com/ |
| Mobile Site
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| Mobile Trading
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| Mobile Trading App
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Mdirect | HDFC securities MobileTrading |
| Android Mobile App
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| iPhone Mobile App (IOS)
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| Android Tablet App
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| iPad App (IOS)
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| Detail | Detail on Trading Platforms for mdirect | Detail on Trading Platforms for hdfc-securities |
| MDirect | HDFC Securities Ltd | |
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Customer Reviews  |
88 Customer Reviews |
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| Fees Ratings |  |
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| Overall Ratings |  |
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| Broker Rating | HDFC Securities is Rated 2.5 / 5 based on 88 customer reviews |
| MDirect | HDFC Securities Ltd | |
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| Equity Cash and F&O
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| Currency Deravitives
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| Commodity
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| Online IPO Application
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| Mutual Funds
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| Bond / NCD
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| Debt
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| ETF
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| Banking
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| Insurance
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| Forex
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| SIP Investment
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| Other Investment Options
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NA | Insurance |
| MDirect | HDFC Securities Ltd | |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| MDirect | HDFC Securities Ltd | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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| MDirect | HDFC Securities Ltd | |
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| DP Source | CDSL | |
| Demat Account Annual Maintenance Charges(AMC) | For Non BSDA Individual a/c :- Rs.750/- p.a For BSDA Individual a/c :-Nil charges in case holding value 0 to 50,000/- Rs 100/- p.a in case holding value between 50,001 to 2,00,000/- Rs 750/- per annum in case holding value more than 2,00,000/- For Corporate a/c:- Rs.1,500/- p.a | |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | |
| Statutory charges | Stamp duty -Nil | |
| Transaction Charges on Debit (Per ISIN) | a)0.04% of the value of txn subj to min Rs.20/-per txn done by EASIEST.For BSDA a/c-It is 0.06%, Min Rs. 40/- b)0.04% of the value of txn subj to Min Rs.25/-per txn done by HDFC secu.For BSDA a/c-It is 0.06%, Min Rs 45/- c)0.04% of the value of txn subj to Min Rs.40/-per txn undertaken by Manual txn.For BSDA a/c-It is 0.06%,Min Rs. 60/- d)For Debt txn 0.04% of the value of txn subj to Min Rs.40/-& Max Rs 5,000/-per txn.For BSDA a/c-It is 0.06%, Min Rs. 60/-& Max Rs 5,000/- (e) If instruction is submitted on the date of execution then 0.25% of the value of txn subj to Min Rs. 25/-per txn | |
| Demat | Rs. 5/- per certificate + Rs.35/- per Dematerialisation request submitted | |
| Remat | Rs. 30/-per request + CDSL actuals | |
| Pledge Creation | NIL | |
| Pledge Creation Confirmation | (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06%, of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank | |
| Pledge Closure | NIL | |
| Pledge Closure Confirmation | (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank | |
| Pledge Invocation | (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank (delivery / receipt) | |
| Failed Instruction Charges | NIL | |
| Other Charges | (a)Mailing charges for non-periodic statements & other communication, Rs. 35/- for inland & Rs. 500/- for foreign address. (b) Rs. 250/- for restoring services if account is suspended for non payment of charges (c) Reissuance of Delivery Instruction Booklet(DIB) - Rs 75/- per Booklet d )Settlement Charges:Rs.250/- p.m for CM Principle account & Unified Settlement account & Rs 500/- p.m for CM Settlement account. |
| MDirect | HDFC Securities Ltd | |
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| Enquire about MDirect | Enquire about HDFC Securities |
Paperless account opening*
Zerodhae-Aadhar base account opening
Free Delivery trading
Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)
Angel Broking