ICICIDirect Vs MDirect

Here we present 1 on 1 comparison of ICICI Securities Pvt Ltd. vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared ICICIDirect vs MDirect'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 ICICI Securities Pvt Ltd. vs MDirect - Broker type and exchange supported
  ICICI Securities Pvt Ltd. Logo
ICICI Securities Pvt Ltd.
MDirect Logo
MDirect
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? BSE, NSE BSE,NSE,MCX,NCDEX,MSEI
Broker Overview ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICI Securities Pvt Ltd. 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.
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICI Securities Pvt Ltd. vs MDirect - Trading and Demat Account Charges
  ICICI Securities Pvt Ltd. MDirect
Trading Account Opening Fees What is this parameter? Free(trading+Demat+Saving) Rs 500
Trading AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? NIL Rs 200
Demat AMC What is this parameter? Rs 600(free for 1st year) RS 400/p.a - Waived for 1st year
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

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

  ICICI Securities Pvt Ltd. MDirect
Contact / Request Call Back
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Brokerage Charges

Compare ICICI Securities Pvt Ltd. vs MDirect - Brokerage Charges
  ICICI Securities Pvt Ltd. MDirect
Plan Name What is this parameter? 3-in-1 Account (I-Secure Plan) Rs 18 Per Trader Plan
Plan Description What is this parameter? This is a fixed brokerage plan irrespective of turnover volume best suited for casual traders. Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? 0.55% Rs 18 per executed order
Equity Intraday What is this parameter? 0.05 - .03% Rs 18 or 0.01 % whichever is lower
Equity Futures What is this parameter? 0.05 - 0.03% Rs 18 per executed order
Equity Options What is this parameter? Rs 95 - Rs 35 per lot Rs 18 per executed order
Currency Futures What is this parameter? 0.05% - 0.03% Rs 18 per executed order
Currency Options What is this parameter? Rs 25 - Rs 10 per lot Rs 18 per executed order
Commodity Trading What is this parameter? NA Rs 18 per executed order
Minimum Brokerage What is this parameter? Rs 35 per trade
Brokerage Calculator Brokerage Calculator for icicidirect Brokerage Calculator for mdirect
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Share Broker's Transaction/Turnover Charges

Compare ICICI Securities Pvt Ltd. vs MDirect - Transaction/Turnover Charges
  ICICI Securities Pvt Ltd. MDirect
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 190 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures What is this parameter? Rs 100 Per Cr Rs 215 Per Cr
Currency Options What is this parameter? Rs 4000 Per Cr Rs 7000 Per Cr
Commodity What is this parameter? NA
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for mdirect
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Trading Features

Compare ICICI Securities Pvt Ltd. vs MDirect - Trading Feature and platform
  ICICI Securities Pvt Ltd. MDirect
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? Yes No
Combined Ledger for Equity and Commodity What is this parameter? No No
Intraday Square-off Time What is this parameter? 3:15 pm 3:15 pm
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare ICICI Securities Pvt Ltd. vs MDirect - Trading Platform
  ICICI Securities Pvt Ltd. MDirect
Desktop Trading Platform What is this parameter? Trade Racer Nest Plus
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? Yes Yes
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? ICICIDIRECT.com Mdirect Nest Plus
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? ICICIDirect Lite Mdirect
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? Yes Yes
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? Yes Yes
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare ICICI Securities Pvt Ltd. vs MDirect - Rating
  ICICI Securities Pvt Ltd. MDirect
  262 Customer Reviews    Rate ICICIDirect Customer Reviews    Rate MDirect
Fees Ratings 2.4
Trading Brokerage Rating 1.8
Trading Platform Usability 3.3
Customer Service Ratings 2.9
Overall Ratings Rated 2.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 262 customer reviews
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Investment Services

Compare ICICI Securities Pvt Ltd. vs MDirect - Investment Options
  ICICI Securities Pvt Ltd. MDirect
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Online IPO Application What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
ETF What is this parameter? Yes Yes
Banking What is this parameter? Yes No
Insurance What is this parameter? Yes No
Forex What is this parameter? No No
SIP Investment What is this parameter? Yes No
Other Investment Options What is this parameter? NA
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Customer Service Offered

Compare ICICI Securities Pvt Ltd. vs MDirect - Customer Service Offerance
  ICICI Securities Pvt Ltd. MDirect
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No Yes
Through Branches What is this parameter? Yes No
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Tips/Research/Reports Published

Compare ICICI Securities Pvt Ltd. vs MDirect - Research, Tips Reports
  ICICI Securities Pvt Ltd. MDirect
Research Mutual Funds What is this parameter? Yes No
Research Equity Reports What is this parameter? Yes Yes
Research ETF What is this parameter? Yes No
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Demat Account

Compare ICICI Securities Pvt Ltd. vs MDirect - Demat Account
  ICICI Securities Pvt Ltd. MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a.
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account
Statutory charges Stamp Duty at actuals
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-)
Demat Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates
Remat Rs. 30 + CDSL actuals
Pledge Creation 0.03 % or minimum of Rs. 50/-
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/-
Pledge Closure 0.03 % or minimum of Rs. 50/-
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/-
Pledge Invocation 0.03 % or minimum of Rs. 50/-
Failed Instruction Charges Rejection/Fails Rs.30/-
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges.

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Special Offers,Advantages,Disadvantages

Compare ICICI Securities Pvt Ltd. vs MDirect - Special Offers and Promotion
  ICICI Securities Pvt Ltd. MDirect
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

More Advantages...

  • 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...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

More Disadvantages...

  • 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...

Special Offers/Promo
Enquire about ICICIDirect Enquire about MDirect

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Paperless account opening*


Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
Equity Cash and F&O
Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
*Except PoA and Nomination form

Get FREE Trading + Demat Acct

Zerodha  Zerodha

e-Aadhar base account opening

Free Delivery trading

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

zerodha

Sharekhan

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)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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