11 MDirect Vs ProStocks Share Brokers Comparison 2018

MDirect Vs ProStocks

The brokerage of MDirect Max Rs 18 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. MDirect is having overall lower rating compare to ProStocks.MDirect is rated only 3 out of 5 where ProStocks is rated 4 out of 5.

Here we present 1 on 1 comparison of MDirect vs ProStocks 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 ProStocks'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 ProStocks - Broker type and exchange supported
  MDirect Logo
MDirect
ProStocks Logo
ProStocks
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE,NSE,MCX,NCDEX,MSEI NSE,BSE
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. ProStocks is a pure online stock broking firm initiated by well experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on quality of trade.
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 ProStocks. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs ProStocks - Trading and Demat Account Charges
  MDirect ProStocks
Trading Account Opening Fees MDirect vs ProStocks - Trading Account Opening Fees Rs 500 Free
Trading AMC MDirect vs ProStocks - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs ProStocks - Demat Account Opening Fees Rs 200 Free
Demat AMC MDirect vs ProStocks - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service MDirect vs ProStocks - Damat Account Mandatory Yes Yes
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About Brokerage Plans

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

  MDirect ProStocks
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs ProStocks - Brokerage Charges
  MDirect ProStocks
Plan Name MDirect vs ProStocks - Rs 18 Per Trader Plan Flat Fee Plan
Plan Description MDirect vs ProStocks - Flat Rs 18 Per Trader Plan. Rs 15, trade in any segment, fix price, no worries of volume and size of trade.Lower then Zerodha and RKSV, higher from SAS Online, but NO PCM FEE.
Equity Delivery MDirect vs ProStocks - Cash Delivery Brokerage Flat Fee Rs 18 Flat Fee Rs 15
Equity Intraday MDirect vs ProStocks - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 15
Equity Futures MDirect vs ProStocks - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 15
Equity Options MDirect vs ProStocks - F&O Segment - Options Brokerage Flat Fee Rs 18 Flat Fee Rs 15
Currency Futures MDirect vs ProStocks - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 15
Currency Options MDirect vs ProStocks - Currency Options Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 15
Commodity Trading MDirect vs ProStocks - Commodity Trading Brokerage Flat Fee Rs 18 NA
Minimum Brokerage MDirect vs ProStocks - NA
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for ProStocks
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for ProStocks
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs ProStocks - Transaction/Turnover Charges
  MDirect ProStocks
Equity Delivery MDirect vs ProStocks - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs ProStocks - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs ProStocks - Equity Futures Transaction Charges Rs 350 Per Cr Rs 190 Per Cr
Equity Options MDirect vs ProStocks - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures MDirect vs ProStocks - Rs 215 Per Cr Rs 110 Per Cr
Currency Options MDirect vs ProStocks - Rs 7000 Per Cr Rs 4000 Per Cr
Commodity MDirect vs ProStocks - 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 prostocks
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Trading Features

Compare MDirect vs ProStocks - Trading Feature and platform
  MDirect ProStocks
3 in 1 Account MDirect vs ProStocks - Account Type? No MDirect have 2-in-1 account. Only Demate and Trading account. No MDirect have 2-in-1 account. Only Demate and Trading account.
Charting MDirect vs ProStocks - Advance Charting Yes Yes
Algo Trading MDirect vs ProStocks - Algo Trading Yes No
After Trading Hour Orders MDirect vs ProStocks - After market Orders Yes No
Good Till Cancelled (GTC) MDirect vs ProStocks - GTC Orders No No
SMS Alerts MDirect vs ProStocks - SMS Alerts Yes Yes
Online Demo MDirect vs ProStocks - Online Demo Yes Yes
Online Portfolio MDirect vs ProStocks - Portfolio Service No No
Margin Trading Funding Available MDirect vs ProStocks - Margin Funding No Yes
Combined Ledger for Equity and Commodity MDirect vs ProStocks - Combined Ledger for Equity and Commodity No No
Intraday Square-off Time MDirect vs ProStocks - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs ProStocks - NRI Trading No Yes
Other Features MDirect vs ProStocks -
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Trading Platform

Compare MDirect vs ProStocks - Trading Platform
  MDirect ProStocks
Desktop Trading Platform MDirect vs ProStocks - Trading terminal Nest Plus ProStocks InHouse,NSE NOW
Desktop Platform (Windows) MDirect vs ProStocks - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs ProStocks - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs ProStocks - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs ProStocks - Trading Website Mdirect Nest Plus ProStocks Web,NSE NOW
Mobile Site MDirect vs ProStocks - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs ProStocks - Mobile App Yes Yes
Mobile Trading App MDirect vs ProStocks - Name Of Mobile App Mdirect ProStocks Mobile ,NSE NOW
Android Mobile App MDirect vs ProStocks - Android Mobile App Yes Yes
iPhone Mobile App (IOS) MDirect vs ProStocks - Yes Yes
Android Tablet App MDirect vs ProStocks - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs ProStocks - Yes Yes
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare MDirect vs ProStocks - Rating
  MDirect ProStocks
  Customer Reviews    Rate MDirect 1 Customer Reviews    Rate ProStocks
Fees Ratings 4.0
Trading Brokerage Rating 4.0
Trading Platform Usability 4.0
Customer Service Ratings 3.0
Overall Ratings Rated 4.0 stars
Broker Rating ProStocks is Rated 4.0 / 5 based on 1 customer reviews
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Investment Services

Compare MDirect vs ProStocks - Investment Options
  MDirect ProStocks
Equity Cash and F&O MDirect vs ProStocks - Equity and Equity derivatives Yes Yes
Currency Deravitives MDirect vs ProStocks - Currency Trading Yes Yes
Commodity MDirect vs ProStocks - Commodity Trading Yes No
Online IPO Application MDirect vs ProStocks - Online IPO Investment No No
Mutual Funds MDirect vs ProStocks - Online Mutual Funds Investment No No
Bond / NCD MDirect vs ProStocks - Bonds and NCD No No
ETF MDirect vs ProStocks - ETF Yes Yes
Banking MDirect vs ProStocks - Banking Service No No
Insurance MDirect vs ProStocks - Insurance Service No No
Forex MDirect vs ProStocks - Forex Trading No No
SIP Investment MDirect vs ProStocks - Mutual Fund SIP No No
Other Investment Options MDirect vs ProStocks - NA
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Customer Service Offered

Compare MDirect vs ProStocks - Customer Service Offerance
  MDirect ProStocks
24/7 Customer Service MDirect vs ProStocks - 24x7 customer support Yes No
Email Support MDirect vs ProStocks - Email Support Yes Yes
Onine Live Chat MDirect vs ProStocks - Onine Live Chat Yes No
Phone Support MDirect vs ProStocks - Phone Support Yes Yes
Toll Free Number MDirect vs ProStocks - Toll Free Number Yes No
Through Branches MDirect vs ProStocks - Through Branches No No
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Tips/Research/Reports Published

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

Compare MDirect vs ProStocks - Demat Account
  MDirect ProStocks
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Nil
Advance Deposit 1000/- Refundable Deposit against charges
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) Rs.8/- + Rs 5.50/-(CDSL charges) per ISIN
Demat Rs 50/- per set up + Rs 50/-courier charges
Remat Rs 50/- per set up + Rs 50/-courier
Pledge Creation Rs 50/- per set up
Pledge Creation Confirmation Nil
Pledge Closure Rs 50/- per set up
Pledge Closure Confirmation Nil
Pledge Invocation Rs 50/- per set up
Failed Instruction Charges Failed transactions Rs 50/- per ISIN
Other Charges NIL

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Special Offers,Advantages,Disadvantages

Compare MDirect vs ProStocks - Special Offers and Promotion
  MDirect ProStocks
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...

  • Lowest call and trade charges.
  • Simple and low cost brokerage.
  • Industry's best tools and platforms.
  • Fully online account opening process.
  • IVRS facilities for backoffice and balance confirmation.
  • Strong back office support.
  • Best customer support.
  • Rs 0 PCM fee

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...

  • Not a 3 in 1 broker.
  • Doesn't provide trading in commodity, IPOs and Mutual Fund.

More Disadvantages...

Special Offers/Promo

Free Trading & Demat Account (for limited time only)

ProStocks offer FREE Trading + Demat Account(NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.

This is a limited time offer. Simply leave your contact information with us and ProStocks representatives will contact you.

Enquire about MDirect Enquire about ProStocks

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



Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam



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