MDirect Vs SBICAP Securities

The brokerage of MDirect Max Rs 18 per trade while the brokerage of SBICAP Securities Ltd ranges between .05 to .5%. MDirect is a Discount Broker where SBICAP Securities Ltd is a Full Service Broker. MDirect is having overall lower rating compare to SBICAP Securities Ltd. MDirect is rated only 3 out of 5 where SBICAP Securities Ltd is rated 4 out of 5.

Here we present 1 on 1 comparison of MDirect vs SBICAP 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 SBICAP 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 SBICAP Securities Ltd - Broker type and exchange supported
  MDirect Logo
MDirect
SBICAP Securities Ltd Logo
SBICAP 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. SBICAP Securities offering clients a well rounded package having 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and an Online Trading A/c and broad range of products, pan India presence and State-of- the-Art tools and ...Know more about SBICAP 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 SBICAP 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 SBICAP Securities Ltd - Trading and Demat Account Charges
  MDirect SBICAP Securities Ltd
Trading Account Opening Fees What is this parameter? Rs 500 Rs 850
Trading AMC What is this parameter? Nil
Demat Account Opening Fees What is this parameter? Rs 200 NIL
Demat AMC What is this parameter? RS 400/p.a - Waived for 1st year Rs 350
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare MDirect vs SBICAP Securities Ltd - Plan Options
  MDirect SBICAP Securities Ltd
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

  MDirect SBICAP Securities Ltd
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs SBICAP Securities Ltd - Brokerage Charges
  MDirect SBICAP Securities Ltd
Plan Name What is this parameter? Rs 18 Per Trader Plan eZ-trade
Plan Description What is this parameter? Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? Rs 18 per executed order 0.50%
Equity Intraday What is this parameter? Rs 18 or 0.01 % whichever is lower 0.075%
Equity Futures What is this parameter? Rs 18 per executed order 0.05%
Equity Options What is this parameter? Rs 18 per executed order Rs 100 per lot
Currency Futures What is this parameter? Rs 18 per executed order 0.03%
Currency Options What is this parameter? Rs 18 per executed order Rs 30 per lot
Commodity Trading What is this parameter? Rs 18 per executed order NA
Minimum Brokerage What is this parameter? Rs 0.05 for Cash, Rs 0.01 Future
Brokerage Calculator Brokerage Calculator for mdirect Brokerage Calculator for sbi-capital
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs SBICAP Securities Ltd - Transaction/Turnover Charges
  MDirect SBICAP Securities Ltd
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 350 Per Cr Rs 190 Per Cr
Equity Options What is this parameter? Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures What is this parameter? Rs 215 Per Cr Rs 110 Per Cr
Currency Options What is this parameter? Rs 7000 Per Cr Rs 4000 Per Cr
Commodity What is this parameter? NA
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for sbi-capital
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Trading Features

Compare MDirect vs SBICAP Securities Ltd - Trading Feature and platform
  MDirect SBICAP Securities Ltd
3 in 1 Account What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
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? Yes Yes
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No No
Intraday Square-off Time What is this parameter? 3:15PM 3:15PM
NRI Trading What is this parameter? No Yes
Other Features What is this parameter? Trading software terminal: ODIN Diet Trading software terminal: ODIN Diet
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Trading Platform

Compare MDirect vs SBICAP Securities Ltd - Trading Platform
  MDirect SBICAP Securities Ltd
Desktop Trading Platform What is this parameter? Nest Plus SBISMART XPRESS
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? Yes No
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? Mdirect Nest Plus https://login.sbismart.com/
Mobile Site What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? Mdirect SBISMART Mobile App
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 mdirect Detail on Trading Platforms for sbi-capital

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Broker Ratings by Users

Compare MDirect vs SBICAP Securities Ltd - Rating
  MDirect SBICAP Securities Ltd
  Customer Reviews    Rate MDirect 73 Customer Reviews    Rate SBICAP Securities
Fees Ratings 3.4
Trading Brokerage Rating 3.2
Trading Platform Usability 2.9
Customer Service Ratings 2.8
Overall Ratings Rated 2.8 stars
Broker Rating SBICAP Securities is Rated 2.8 / 5 based on 73 customer reviews
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Investment Services

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

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

Compare MDirect vs SBICAP Securities Ltd - Research, Tips Reports
  MDirect SBICAP Securities Ltd
Research Mutual Funds What is this parameter? No Yes
Research Equity Reports What is this parameter? Yes Yes
Research ETF What is this parameter? No Yes
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 MDirect vs SBICAP Securities Ltd - Demat Account
  MDirect SBICAP Securities Ltd
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) 1. 1st Yr-Free ,2nd Yr Onwards payable in advance 2. a. BSDA < 50,000/- Nil b. BSDA > 50,000/- <=2 Lac Rs 100/- c. Rs. 400/- (Rs. 350/- for e-stmnt) for Ind with POA d. Rs 700/- For ind without POA 3. Rs 800/- Corp withPOA 4. Rs 1700/- For Corpwithout POA
Advance Deposit 0 for all
Statutory charges 0
Transaction Charges on Debit (Per ISIN) a. Thru POA - 0.01% of the transaction value subject to Minimum of Rs. 21/- and Maximum of Rs.300/- per ISIN debit instruction b. Thru DIS - 0.04% of the transaction value Subject to Minimum of Rs. 30/- per ISIN debit instruction (Charges of Rs.10/- per ISIN for late submission)
Demat Rs 5 /- per cert + Rs. 35/- courier charges per request
Remat Rs. 35/- Per Request + CDSL Charges i.e. Rs.10/- per 100 securities or part quantity
Pledge Creation a. If SSL / SBI is the counter party - 0.02% of Value or Min Rs 25/- whichever is higher plus CDSL charges as applicable b. If SSL / SBI is not the counter party - 0.04 % of the transaction value subject to a Minimum of Rs. 50/- per ISIN instruction plus CDSL Charge as applicable
Pledge Creation Confirmation a. If SSL / SBI is the counter party - 0.02% of Value or Min Rs 25/- whichever is higher plus CDSL charges as applicable b. If SSL / SBI is not the counter party - 0.04 % of the transaction value subject to a Minimum of Rs. 50/- per ISIN instruction plus CDSL Charge as applicable
Pledge Closure a. If SSL / SBI is the counter party - 0.02% of Value or Min Rs 25/- whichever is higher plus CDSL charges as applicable b. If SSL / SBI is not the counter party - 0.04 % of the transaction value subject to a Minimum of Rs. 50/- per ISIN instruction plus CDSL Charge as applicable
Pledge Closure Confirmation a. If SSL / SBI is the counter party - 0.02% of Value or Min Rs 25/- whichever is higher plus CDSL charges as applicable b. If SSL / SBI is not the counter party - 0.04 % of the transaction value subject to a Minimum of Rs. 50/- per ISIN instruction plus CDSL Charge as applicable
Pledge Invocation a. If SSL / SBI is the counter party - 0.02% of Value or Min Rs 25/- whichever is higher plus CDSL charges as applicable b. If SSL / SBI is not the counter party - 0.04 % of the transaction value subject to a Minimum of Rs. 50/- per ISIN instruction plus CDSL Charge as applicable
Failed Instruction Charges Rs 10 per failed instruction.
Other Charges Statutory Levis as applicable

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Special Offers,Advantages,Disadvantages

Compare MDirect vs SBICAP Securities Ltd - Special Offers and Promotion
  MDirect SBICAP Securities Ltd
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...

Hassle free 3 in 1 account, services for NRIs, site wide bar for live quotes, demos on all the trading apps

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 support commodity trading, minimum Brokerage charges.

More Disadvantages...

Special Offers/Promo
Enquire about MDirect Enquire about SBICAP Securities

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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