MDirect Vs ICICIDirect

The brokerage of MDirect Max Rs 18 per trade while the brokerage of ICICI Securities Pvt Ltd. ranges between 0.05 to .55%. MDirect is a Discount Broker where ICICI Securities Pvt Ltd. is a Full Service Broker. MDirect is having overall lower rating compare to ICICI Securities Pvt Ltd.. MDirect is rated only 3 out of 5 where ICICI Securities Pvt Ltd. is rated 4 out of 5.

Here we present 1 on 1 comparison of MDirect vs ICICI Securities Pvt 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 ICICIDirect'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 ICICI Securities Pvt Ltd. - Broker type and exchange supported
  MDirect Logo
MDirect
ICICI Securities Pvt Ltd. Logo
ICICI Securities Pvt 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. 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.
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 ICICIDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs ICICI Securities Pvt Ltd. - Trading and Demat Account Charges
  MDirect ICICI Securities Pvt Ltd.
Trading Account Opening Fees MDirect vs ICICI Securities Pvt Ltd. - Trading Account Opening Fees Rs 500 Free
Trading AMC MDirect vs ICICI Securities Pvt Ltd. - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs ICICI Securities Pvt Ltd. - Demat Account Opening Fees Rs 200 Free
Demat AMC MDirect vs ICICI Securities Pvt Ltd. - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 600 PA (Waived for 1st year)
Provide DP Service MDirect vs ICICI Securities Pvt Ltd. - Damat Account Mandatory Yes Yes
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About Brokerage Plans

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

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

Compare MDirect vs ICICI Securities Pvt Ltd. - Brokerage Charges
  MDirect ICICI Securities Pvt Ltd.
Plan Name MDirect vs ICICI Securities Pvt Ltd. - Rs 18 Per Trader Plan 3-in-1 Account (I-Secure Plan)
Plan Description MDirect vs ICICI Securities Pvt Ltd. - Flat Rs 18 Per Trader Plan. This is a fixed brokerage plan irrespective of turnover volume best suited for casual traders.
Equity Delivery MDirect vs ICICI Securities Pvt Ltd. - Cash Delivery Brokerage Flat Fee Rs 18 0.55% or 55 paisa
Equity Intraday MDirect vs ICICI Securities Pvt Ltd. - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.03% or 3 paisa
Equity Futures MDirect vs ICICI Securities Pvt Ltd. - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower 0.05% or 5 paisa
Equity Options MDirect vs ICICI Securities Pvt Ltd. - F&O Segment - Options Brokerage Flat Fee Rs 18 Rs 95 Per Lot
Currency Futures MDirect vs ICICI Securities Pvt Ltd. - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower 0.05% or 5 paisa
Currency Options MDirect vs ICICI Securities Pvt Ltd. - Currency Options Trading Brokerage Flat Fee Rs 18 Rs 25 Per Lot
Commodity Trading MDirect vs ICICI Securities Pvt Ltd. - Commodity Trading Brokerage Flat Fee Rs 18 NA
Minimum Brokerage MDirect vs ICICI Securities Pvt Ltd. - Rs 35 per trade
Hidden Charges MDirect vs ICICI Securities Pvt Ltd. - Hidden Charges Info Not Available Yes
Funding MDirect vs ICICI Securities Pvt Ltd. - Funding Interest Info Not Available Yes - 18% interest PA
Call & Trade Charges MDirect vs ICICI Securities Pvt Ltd. - Call & Trade Charges Info Not Available First 20 call free and Rs 25 there onwards.
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for ICICI Securities Pvt Ltd.
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for ICICI Securities Pvt Ltd.
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs ICICI Securities Pvt Ltd. - Transaction/Turnover Charges
  MDirect ICICI Securities Pvt Ltd.
Equity Delivery MDirect vs ICICI Securities Pvt Ltd. - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs ICICI Securities Pvt Ltd. - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs ICICI Securities Pvt Ltd. - Equity Futures Transaction Charges Rs 350 Per Cr Rs 190 Per Cr
Equity Options MDirect vs ICICI Securities Pvt Ltd. - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures MDirect vs ICICI Securities Pvt Ltd. - Rs 215 Per Cr Rs 100 Per Cr
Currency Options MDirect vs ICICI Securities Pvt Ltd. - Rs 7000 Per Cr Rs 4000 Per Cr
Commodity MDirect vs ICICI Securities Pvt 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 icicidirect
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Trading Features

Compare MDirect vs ICICI Securities Pvt Ltd. - Trading Feature and platform
  MDirect ICICI Securities Pvt Ltd.
3 in 1 Account MDirect vs ICICI Securities Pvt 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 ICICI Securities Pvt Ltd. - Advance Charting Yes Yes
Algo Trading MDirect vs ICICI Securities Pvt Ltd. - Algo Trading Yes No
SMS Alerts MDirect vs ICICI Securities Pvt Ltd. - SMS Alerts Yes Yes
Online Demo MDirect vs ICICI Securities Pvt Ltd. - Online Demo Yes Yes
Online Portfolio MDirect vs ICICI Securities Pvt Ltd. - Portfolio Service No Yes
Margin Trading Funding Available MDirect vs ICICI Securities Pvt Ltd. - Margin Funding No Yes
Combined Ledger for Equity and Commodity MDirect vs ICICI Securities Pvt Ltd. - Combined Ledger for Equity and Commodity No No
Intraday Square-off Time MDirect vs ICICI Securities Pvt Ltd. - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs ICICI Securities Pvt Ltd. - NRI Trading No Yes
Other Features MDirect vs ICICI Securities Pvt Ltd. -
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Trading Platform

Compare MDirect vs ICICI Securities Pvt Ltd. - Trading Platform
  MDirect ICICI Securities Pvt Ltd.
Desktop Trading Platform MDirect vs ICICI Securities Pvt Ltd. - Trading terminal Nest Plus Trade Racer
Desktop Demo MDirect vs ICICI Securities Pvt Ltd. - Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) MDirect vs ICICI Securities Pvt Ltd. - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs ICICI Securities Pvt Ltd. - MAC Trading Terminal Yes Yes
Web Trading Platform MDirect vs ICICI Securities Pvt Ltd. - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs ICICI Securities Pvt Ltd. - Trading Website Mdirect Nest Plus ICICIDIRECT.com
Web Trading Demo MDirect vs ICICI Securities Pvt Ltd. - Web Trading Demo Info Not Available Web Trading Demo
Mobile Site MDirect vs ICICI Securities Pvt Ltd. - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs ICICI Securities Pvt Ltd. - Mobile App Yes Yes
Mobile Trading App MDirect vs ICICI Securities Pvt Ltd. - Name Of Mobile App Mdirect ICICIDirect Lite
Mobile Trading App Demo MDirect vs ICICI Securities Pvt Ltd. - Name Of Mobile App Info Not Available ICICIDirect Lite Demo
Android Mobile App MDirect vs ICICI Securities Pvt Ltd. - Android Mobile App Yes Yes
Android App Download MDirect vs ICICI Securities Pvt Ltd. - Mobile App Download Andriod Mdirect Download Andriod ICICIDirect Lite Download
iPhone Mobile App (IOS) MDirect vs ICICI Securities Pvt Ltd. - Yes Yes
iOS App Download MDirect vs ICICI Securities Pvt Ltd. - Mobile App Download iOS Mdirect Download iOS ICICIDirect Lite Download
Android Tablet App MDirect vs ICICI Securities Pvt Ltd. - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs ICICI Securities Pvt Ltd. - Yes Yes
Trading Software Charges MDirect vs ICICI Securities Pvt Ltd. - Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MDirect Equity Intraday and Delivery Brokerage Calculator for ICICI Securities Pvt Ltd.
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for ICICI Securities Pvt Ltd.
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for ICICI Securities Pvt Ltd.
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for icicidirect

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Broker Ratings by Users

Compare MDirect vs ICICI Securities Pvt Ltd. - Rating
  MDirect ICICI Securities Pvt Ltd.
  Customer Reviews    Rate MDirect 264 Customer Reviews    Rate ICICIDirect
Fees Ratings 2.4
Trading Brokerage Rating 1.8
Trading Platform Usability 3.3
Customer Service Ratings 2.8
Overall Ratings Rated 2.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews
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Investment Services

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

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

Compare MDirect vs ICICI Securities Pvt Ltd. - Margin/Leverage
  MDirect ICICI Securities Pvt Ltd.
Equity Delivery Margin MDirect vs ICICI Securities Pvt Ltd. - Equity Delivery Margin Info Not Available No Delivery margin.
Equity Intraday Margin MDirect vs ICICI Securities Pvt Ltd. - Equity Intraday Margin Info Not Available Upto 5x leverage for equity.
Futures Margin MDirect vs ICICI Securities Pvt Ltd. - Futures Margin Info Not Available Upto 2x leverage for futures.
Options Margin MDirect vs ICICI Securities Pvt Ltd. - Options Margin Info Not Available Upto 2x margin for Options shorting, No leverage for option buying.
Equity CO Margin MDirect vs ICICI Securities Pvt Ltd. - Equity CO Margin Info Not Available Upto 25x margin/leverage in CO order for selected equity scripts.
Futures CO Margin MDirect vs ICICI Securities Pvt Ltd. - Futures CO Margin Info Not Available Upto 25x margin/leverage in CO order for Futures contracts.
Options CO Margin MDirect vs ICICI Securities Pvt Ltd. - Options CO Margin Info Not Available Upto 25x margin/leverage in CO order for options contracts sell only.
Commodity Margin MDirect vs ICICI Securities Pvt Ltd. - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MDirect vs ICICI Securities Pvt Ltd. - Customer Service Offerance
  MDirect ICICI Securities Pvt Ltd.
24/7 Customer Service MDirect vs ICICI Securities Pvt Ltd. - 24x7 customer support Yes No
Email Support MDirect vs ICICI Securities Pvt Ltd. - Email Support Yes Yes
Onine Live Chat MDirect vs ICICI Securities Pvt Ltd. - Onine Live Chat Yes No
Phone Support MDirect vs ICICI Securities Pvt Ltd. - Phone Support Yes Yes
Toll Free Number MDirect vs ICICI Securities Pvt Ltd. - Toll Free Number Yes No
Through Branches MDirect vs ICICI Securities Pvt Ltd. - Through Branches No Yes
Customer Care Number MDirect vs ICICI Securities Pvt Ltd. - Customer Care Number Info Not Available 33551122
Account Opening Process MDirect vs ICICI Securities Pvt Ltd. - Account Opening Process Info Not Available Offline
Customer Support Email MDirect vs ICICI Securities Pvt Ltd. - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MDirect vs ICICI Securities Pvt Ltd. - Knowledge Center/Education Info Not Available http://content.icicidirect.com/indexfaq.asp
Head Office Address MDirect vs ICICI Securities Pvt Ltd. - Head Office Address/Corporate Address Info Not Available ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Website MDirect vs ICICI Securities Pvt Ltd. - Company Website Info Not Available https://www.icicidirect.com
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Tips/Research/Reports Published

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

Compare MDirect vs ICICI Securities Pvt Ltd. - Demat Account
  MDirect ICICI Securities Pvt Ltd.
DP Source CDSL
DP ID MDirect vs ICICI Securities Pvt Ltd. - DP ID No 14300
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 MDirect vs ICICI Securities Pvt Ltd. - Special Offers and Promotion
  MDirect ICICI Securities Pvt Ltd.
Pay In and Pay Out Options MDirect vs ICICI Securities Pvt Ltd. - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time MDirect vs ICICI Securities Pvt Ltd. - Payout Time Info Not Available Instance to ICICI Bank.
Bank Supported and Charges MDirect vs ICICI Securities Pvt Ltd. - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your ICICI bank account.
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...

  • 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...

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...

  • 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...

Special Offers/Promo
Enquire about MDirect Enquire about ICICIDirect

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

Join Now




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