MDirect Vs HDFC Securities

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.

Compare MDirect vs HDFC Securities Ltd - Broker type and exchange supported
  MDirect Logo
MDirect
HDFC Securities Ltd Logo
HDFC Securities Ltd
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? 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...Know more about HDFC Securities Ltd
Broker Enquiry Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs HDFC Securities Ltd - Trading and Demat Account Charges
  MDirect HDFC Securities Ltd
Trading Account Opening Fees MDirect vs HDFC Securities Ltd - Trading Account Opening Fees Rs 500 Rs 999
Trading AMC MDirect vs HDFC Securities Ltd - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs HDFC Securities Ltd - Demat Account Opening Fees Rs 200 Free
Demat AMC MDirect vs HDFC Securities Ltd - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 750 PA (Waived for 1st year)
Provide DP Service MDirect vs HDFC Securities Ltd - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare MDirect vs HDFC Securities Ltd - Plan Options
  MDirect HDFC Securities Ltd
Multiple Plans What is this parameter? No No
Monthly Plans MDirect vs HDFC Securities Ltd - Monthly Brokerage Plan No No
Yearly Plans MDirect vs HDFC Securities Ltd - Yearly Brokerage Plan No No
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Contact Broker / Request A Call Back

  MDirect HDFC Securities Ltd
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs HDFC Securities Ltd - Brokerage Charges
  MDirect HDFC Securities Ltd
Plan Name MDirect vs HDFC Securities Ltd - Rs 18 Per Trader Plan Online Trading
Plan Description MDirect vs HDFC Securities Ltd - 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 MDirect vs HDFC Securities Ltd - Cash Delivery Brokerage Flat Fee Rs 18 0.5% or 50 paisa
Equity Intraday MDirect vs HDFC Securities Ltd - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.05% or 5 paisa
Equity Futures MDirect vs HDFC Securities Ltd - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower 0.05% or 5 paisa
Equity Options MDirect vs HDFC Securities Ltd - F&O Segment - Options Brokerage Flat Fee Rs 18 0.1% of Premium or Rs 100 per lot whichever is high
Currency Futures MDirect vs HDFC Securities Ltd - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower Rs 23 per lot
Currency Options MDirect vs HDFC Securities Ltd - Currency Options Trading Brokerage Flat Fee Rs 18 Rs 20 per lot
Commodity Trading MDirect vs HDFC Securities Ltd - Commodity Trading Brokerage Flat Fee Rs 18 NA
Minimum Brokerage MDirect vs HDFC Securities Ltd - Rs 25
Hidden Charges MDirect vs HDFC Securities Ltd - Hidden Charges Info Not Available No
Funding MDirect vs HDFC Securities Ltd - Funding Interest Info Not Available
Call & Trade Charges MDirect vs HDFC Securities Ltd - Call & Trade Charges Info Not Available Info Not Available
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for HDFC Securities Ltd
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for HDFC Securities Ltd
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs HDFC Securities Ltd - Transaction/Turnover Charges
  MDirect HDFC Securities Ltd
Equity Delivery MDirect vs HDFC Securities Ltd - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs HDFC Securities Ltd - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs HDFC Securities Ltd - Equity Futures Transaction Charges Rs 350 Per Cr Rs 190 Per Cr
Equity Options MDirect vs HDFC Securities Ltd - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures MDirect vs HDFC Securities Ltd - Rs 215 Per Cr Rs 110 Per Cr
Currency Options MDirect vs HDFC Securities Ltd - Rs 7000 Per Cr Rs 4000 Per Cr
Commodity MDirect vs HDFC Securities Ltd - Commodity Transaction Charges Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for hdfc-securities
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Trading Features

Compare MDirect vs HDFC Securities Ltd - Trading Feature and platform
  MDirect HDFC Securities Ltd
3 in 1 Account MDirect vs HDFC Securities Ltd - Account Type? No MDirect have 2-in-1 account. Only Demate and Trading account. Yes, MDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting MDirect vs HDFC Securities Ltd - Advance Charting Yes Yes
Algo Trading MDirect vs HDFC Securities Ltd - Algo Trading Yes No
SMS Alerts MDirect vs HDFC Securities Ltd - SMS Alerts Yes Yes
Online Demo MDirect vs HDFC Securities Ltd - Online Demo Yes Yes
Online Portfolio MDirect vs HDFC Securities Ltd - Portfolio Service No Yes
Margin Trading Funding Available MDirect vs HDFC Securities Ltd - Margin Funding No No
Combined Ledger for Equity and Commodity MDirect vs HDFC Securities Ltd - Combined Ledger for Equity and Commodity No No
Intraday Square-off Time MDirect vs HDFC Securities Ltd - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs HDFC Securities Ltd - NRI Trading No Yes
Other Features MDirect vs HDFC Securities Ltd -
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Trading Platform

Compare MDirect vs HDFC Securities Ltd - Trading Platform
  MDirect HDFC Securities Ltd
Desktop Trading Platform MDirect vs HDFC Securities Ltd - Trading terminal Nest Plus Blink
Desktop Demo MDirect vs HDFC Securities Ltd - Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) MDirect vs HDFC Securities Ltd - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs HDFC Securities Ltd - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs HDFC Securities Ltd - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs HDFC Securities Ltd - Trading Website Mdirect Nest Plus https://trade.hdfcsec.com/
Web Trading Demo MDirect vs HDFC Securities Ltd - Web Trading Demo Info Not Available Web Trading Demo
Mobile Site MDirect vs HDFC Securities Ltd - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs HDFC Securities Ltd - Mobile App Yes Yes
Mobile Trading App MDirect vs HDFC Securities Ltd - Name Of Mobile App Mdirect HDFC securities MobileTrading
Mobile Trading App Demo MDirect vs HDFC Securities Ltd - Name Of Mobile App Info Not Available HDFC securities MobileTrading Demo
Android Mobile App MDirect vs HDFC Securities Ltd - Android Mobile App Yes Yes
Android App Download MDirect vs HDFC Securities Ltd - Mobile App Download Andriod Mdirect Download Andriod HDFC securities MobileTrading Download
iPhone Mobile App (IOS) MDirect vs HDFC Securities Ltd - Yes No
iOS App Download MDirect vs HDFC Securities Ltd - Mobile App Download iOS Mdirect Download iOS HDFC securities MobileTrading Download
Android Tablet App MDirect vs HDFC Securities Ltd - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs HDFC Securities Ltd - Yes No
Trading Software Charges MDirect vs HDFC Securities Ltd - Trading Software Charges Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MDirect Equity Intraday and Delivery Brokerage Calculator for HDFC Securities Ltd
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for HDFC Securities Ltd
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for HDFC Securities Ltd
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for hdfc-securities

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Broker Ratings by Users

Compare MDirect vs HDFC Securities Ltd - Rating
  MDirect HDFC Securities Ltd
  Customer Reviews    Rate MDirect 89 Customer Reviews    Rate HDFC Securities
Fees Ratings 2.4
Trading Brokerage Rating 2.2
Trading Platform Usability 3.0
Customer Service Ratings 2.9
Overall Ratings Rated 2.5 stars
Broker Rating HDFC Securities is Rated 2.5 / 5 based on 89 customer reviews
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Investment Services

Compare MDirect vs HDFC Securities Ltd - Investment Options
  MDirect HDFC Securities Ltd
Equity Cash and F&O MDirect vs HDFC Securities Ltd - Equity and Equity derivatives Yes Yes
Currency Deravitives MDirect vs HDFC Securities Ltd - Currency Trading Yes Yes
Commodity MDirect vs HDFC Securities Ltd - Commodity Trading Yes No
Online IPO Application MDirect vs HDFC Securities Ltd - Online IPO Investment No Yes
Mutual Funds MDirect vs HDFC Securities Ltd - Online Mutual Funds Investment No Yes
Bond / NCD MDirect vs HDFC Securities Ltd - Bonds and NCD No Yes
ETF MDirect vs HDFC Securities Ltd - ETF Yes Yes
Banking MDirect vs HDFC Securities Ltd - Banking Service No Yes
Insurance MDirect vs HDFC Securities Ltd - Insurance Service No Yes
Forex MDirect vs HDFC Securities Ltd - Forex Trading No No
MF SIP Investment MDirect vs HDFC Securities Ltd - Mutual Fund SIP No Yes
Equity SIP Investment MDirect vs HDFC Securities Ltd - Equity SIP No No
PMS Service MDirect vs HDFC Securities Ltd - Portfolio Management Services (PMS) No Yes
Algo Trading MDirect vs HDFC Securities Ltd - Algo Trading No Yes
Other Investment Options MDirect vs HDFC Securities Ltd - NA Insurance
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Order Types

Compare MDirect vs HDFC Securities Ltd - Order Types
  MDirect HDFC Securities Ltd
CNC Ordre MDirect vs HDFC Securities Ltd - CNC Order Yes Yes
MIS Ordre MDirect vs HDFC Securities Ltd - MIS Order Yes Yes
NRML Ordre MDirect vs HDFC Securities Ltd - NRML Order Yes Yes
Cover Ordre MDirect vs HDFC Securities Ltd - Cover Order No Yes
Bracket Ordre MDirect vs HDFC Securities Ltd - Bracket Order No Yes
AMO-After Market Orders MDirect vs HDFC Securities Ltd - After market Orders Yes No
GTC-Good Till Cancelled MDirect vs HDFC Securities Ltd - GTC Orders No No
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Margin/Leverage

Compare MDirect vs HDFC Securities Ltd - Margin/Leverage
  MDirect HDFC Securities Ltd
Equity Delivery Margin MDirect vs HDFC Securities Ltd - Equity Delivery Margin Info Not Available
Equity Intraday Margin MDirect vs HDFC Securities Ltd - Equity Intraday Margin Info Not Available
Futures Margin MDirect vs HDFC Securities Ltd - Futures Margin Info Not Available
Options Margin MDirect vs HDFC Securities Ltd - Options Margin Info Not Available
Equity CO Margin MDirect vs HDFC Securities Ltd - Equity CO Margin Info Not Available
Futures CO Margin MDirect vs HDFC Securities Ltd - Futures CO Margin Info Not Available
Options CO Margin MDirect vs HDFC Securities Ltd - Options CO Margin Info Not Available
Commodity Margin MDirect vs HDFC Securities Ltd - Commodity Margin Info Not Available
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Customer Service Offered

Compare MDirect vs HDFC Securities Ltd - Customer Service Offerance
  MDirect HDFC Securities Ltd
24/7 Customer Service MDirect vs HDFC Securities Ltd - 24x7 customer support Yes No
Email Support MDirect vs HDFC Securities Ltd - Email Support Yes Yes
Onine Live Chat MDirect vs HDFC Securities Ltd - Onine Live Chat Yes Yes
Phone Support MDirect vs HDFC Securities Ltd - Phone Support Yes Yes
Toll Free Number MDirect vs HDFC Securities Ltd - Toll Free Number Yes No
Through Branches MDirect vs HDFC Securities Ltd - Through Branches No Yes
Customer Care Number MDirect vs HDFC Securities Ltd - Customer Care Number Info Not Available
Account Opening Process MDirect vs HDFC Securities Ltd - Account Opening Process Info Not Available
Customer Support Email MDirect vs HDFC Securities Ltd - Customer Support Email Info Not Available
Knowledge Center/Education MDirect vs HDFC Securities Ltd - Knowledge Center/Education Info Not Available
Head Office Address MDirect vs HDFC Securities Ltd - Head Office Address/Corporate Address Info Not Available
Website MDirect vs HDFC Securities Ltd - Company Website Info Not Available www.motilaloswal.com
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Tips/Research/Reports Published

Compare MDirect vs HDFC Securities Ltd - Research, Tips Reports
  MDirect HDFC Securities Ltd
Research Mutual Funds MDirect vs HDFC Securities Ltd - Research Mutual Funds No Yes
Research Equity Reports MDirect vs HDFC Securities Ltd - Research Equity Reports Yes Yes
Research ETF MDirect vs HDFC Securities Ltd - Research ETF No Yes
Daily Market Report MDirect vs HDFC Securities Ltd - Daily Market Report Yes Yes
Free Tips MDirect vs HDFC Securities Ltd - Free Tips Yes Yes
Quarterly Result Analysis MDirect vs HDFC Securities Ltd - Quarterly Results Yes Yes
News Alerts MDirect vs HDFC Securities Ltd - Yes Yes
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Demat Account

Compare MDirect vs HDFC Securities Ltd - Demat Account
  MDirect HDFC Securities Ltd
DP Source CDSL
DP ID MDirect vs HDFC Securities Ltd - DP ID No
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.

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Special Offers,Advantages,Disadvantages

Compare MDirect vs HDFC Securities Ltd - Special Offers and Promotion
  MDirect HDFC Securities Ltd
Pay In and Pay Out Options MDirect vs HDFC Securities Ltd - Pay In and Pay Out Options Info Not Available
Payout Time MDirect vs HDFC Securities Ltd - Payout Time Info Not Available
Bank Supported and Charges MDirect vs HDFC Securities Ltd - Bank Supported and Charges Info Not Available
Bank Detail Info Not Available
Likes
  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

  • Unique integrated 3 in 1 account.
  • ENCASH Service where u get sell script amount on same day.
  • Training and education.
  • Portfolio tracker and live market watch.
  • Offers NRI account.

More Advantages...

Dislikes
  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

  • Doesn't offer trading in commodity.
  • Having a saving account with HDFC is must.
  • Minimum brokerage charges.
  • Desktop Terminal "BLINK" is paid service.
  • Paid SMS research call.

More Disadvantages...

Special Offers/Promo
Enquire about MDirect Enquire about HDFC Securities

Guaranteed Save 60% to 90% Brokerage + Taxes

Free Direct Mutual Fund Investment

Free Delivery trading


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Now

5paisa Review  5paisa

Trade in Cash and F&O at Just Rs 10. Save 95% on Brokerage.


Instant - Online Account Opening
GET FREE Demat Account

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)
Open Free Account

Fyers Review  Fyers

Free Delivery trading

High Leverage


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Today

ProStocks, The Flat Rate Discount Stock Broker

Flat Fee - Rs 15 Per Trade


Lowest Stamp Duty

Get FREE Trading + Demat Acct

Flat 20% discount on online transaction


Rs 0 account opening fee on Demat Acct

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