MDirect Vs Sharekhan

The brokerage of MDirect Max Rs 18 per trade while the brokerage of Sharekhan ranges between 0.1 to 0.5%. MDirect is a Discount Broker where Sharekhan is a Full Service Broker. MDirect is having overall lower rating compare to Sharekhan. MDirect is rated only 3 out of 5 where Sharekhan is rated 4 out of 5.

Here we present 1 on 1 comparison of MDirect vs Sharekhan 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 Sharekhan'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 Sharekhan - Broker type and exchange supported
  MDirect Logo
MDirect
Sharekhan Logo
Sharekhan
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, MCX, NCDEX, NSEL
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. Sharekhan not just allows you to trade in all the market segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much ...Know more about Sharekhan
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 Sharekhan. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

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

  MDirect Sharekhan
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Sharekhan - Brokerage Charges
  MDirect Sharekhan
Plan Name MDirect vs Sharekhan - Rs 18 Per Trader Plan Classic Account
Plan Description MDirect vs Sharekhan - Flat Rs 18 Per Trader Plan. Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.
Equity Delivery MDirect vs Sharekhan - Cash Delivery Brokerage Flat Fee Rs 18 0.5% or 50 paisa
Equity Intraday MDirect vs Sharekhan - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.1% or 10 paisa
Equity Futures MDirect vs Sharekhan - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower 0.1% or 10 paisa
Equity Options MDirect vs Sharekhan - F&O Segment - Options Brokerage Flat Fee Rs 18 2.5% of Premium or Rs 100 per lot whichever is high
Currency Futures MDirect vs Sharekhan - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower 0.1% or 10 paisa
Currency Options MDirect vs Sharekhan - Currency Options Trading Brokerage Flat Fee Rs 18 2.5% of Premium or Rs 30 per lot whichever is high
Commodity Trading MDirect vs Sharekhan - Commodity Trading Brokerage Flat Fee Rs 18 0.1% or 10 paisa
Minimum Brokerage MDirect vs Sharekhan - Rs 20
Hidden Charges MDirect vs Sharekhan - Hidden Charges Info Not Available No
Funding MDirect vs Sharekhan - Funding Interest Info Not Available Yes - 18% interest PA
Call & Trade Charges MDirect vs Sharekhan - Call & Trade Charges Info Not Available Free
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for Sharekhan
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for Sharekhan
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Sharekhan - Transaction/Turnover Charges
  MDirect Sharekhan
Equity Delivery MDirect vs Sharekhan - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs Sharekhan - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs Sharekhan - Equity Futures Transaction Charges Rs 350 Per Cr Rs 190 Per Cr
Equity Options MDirect vs Sharekhan - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures MDirect vs Sharekhan - Rs 215 Per Cr Rs 100 Per Cr
Currency Options MDirect vs Sharekhan - Rs 7000 Per Cr Rs 4000 Per Cr
Commodity MDirect vs Sharekhan - Commodity Transaction Charges Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for sharekhan
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Trading Features

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

Compare MDirect vs Sharekhan - Trading Platform
  MDirect Sharekhan
Desktop Trading Platform MDirect vs Sharekhan - Trading terminal Nest Plus TradeTiger
Desktop Demo MDirect vs Sharekhan - Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) MDirect vs Sharekhan - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs Sharekhan - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs Sharekhan - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs Sharekhan - Trading Website Mdirect Nest Plus newtrade.sharekhan.com
Web Trading Demo MDirect vs Sharekhan - Web Trading Demo Info Not Available Web Trading Demo
Mobile Site MDirect vs Sharekhan - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs Sharekhan - Mobile App Yes Yes
Mobile Trading App MDirect vs Sharekhan - Name Of Mobile App Mdirect ShareMobile
Mobile Trading App Demo MDirect vs Sharekhan - Name Of Mobile App Info Not Available ShareMobile Demo
Android Mobile App MDirect vs Sharekhan - Android Mobile App Yes Yes
Android App Download MDirect vs Sharekhan - Mobile App Download Andriod Mdirect Download Andriod ShareMobile Download
iPhone Mobile App (IOS) MDirect vs Sharekhan - Yes Yes
iOS App Download MDirect vs Sharekhan - Mobile App Download iOS Mdirect Download iOS ShareMobile Download
Android Tablet App MDirect vs Sharekhan - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs Sharekhan - Yes Yes
Trading Software Charges MDirect vs Sharekhan - 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 Sharekhan
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for Sharekhan
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for Sharekhan
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for sharekhan

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Broker Ratings by Users

Compare MDirect vs Sharekhan - Rating
  MDirect Sharekhan
  Customer Reviews    Rate MDirect 177 Customer Reviews    Rate Sharekhan
Fees Ratings 3.2
Trading Brokerage Rating 3.1
Trading Platform Usability 3.9
Customer Service Ratings 3.5
Overall Ratings Rated 3.6 stars
Broker Rating Sharekhan is Rated 3.6 / 5 based on 177 customer reviews
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Investment Services

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

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

Compare MDirect vs Sharekhan - Margin/Leverage
  MDirect Sharekhan
Equity Delivery Margin MDirect vs Sharekhan - Equity Delivery Margin Info Not Available Upto 5x via Margin Funding.
Equity Intraday Margin MDirect vs Sharekhan - Equity Intraday Margin Info Not Available Upto 10x leverage for equity.
Futures Margin MDirect vs Sharekhan - Futures Margin Info Not Available Upto 2x leverage for futures.
Options Margin MDirect vs Sharekhan - Options Margin Info Not Available Upto 2x margin for Options shorting, No leverage for option buying.
Equity CO Margin MDirect vs Sharekhan - Equity CO Margin Info Not Available Upto 15x margin/leverage in CO order for selected equity scripts.
Futures CO Margin MDirect vs Sharekhan - Futures CO Margin Info Not Available Upto 15x margin/leverage in CO order for futures contracts.
Options CO Margin MDirect vs Sharekhan - Options CO Margin Info Not Available Upto 15x margin/leverage in CO order for options contracts sell only.
Commodity Margin MDirect vs Sharekhan - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MDirect vs Sharekhan - Customer Service Offerance
  MDirect Sharekhan
24/7 Customer Service MDirect vs Sharekhan - 24x7 customer support Yes No
Email Support MDirect vs Sharekhan - Email Support Yes Yes
Onine Live Chat MDirect vs Sharekhan - Onine Live Chat Yes Yes
Phone Support MDirect vs Sharekhan - Phone Support Yes Yes
Toll Free Number MDirect vs Sharekhan - Toll Free Number Yes Yes
Through Branches MDirect vs Sharekhan - Through Branches No Yes
Customer Care Number MDirect vs Sharekhan - Customer Care Number Info Not Available 1800227500
Account Opening Process MDirect vs Sharekhan - Account Opening Process Info Not Available Offline
Customer Support Email MDirect vs Sharekhan - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MDirect vs Sharekhan - Knowledge Center/Education Info Not Available https://www.sharekhan.com/help/hello
Head Office Address MDirect vs Sharekhan - Head Office Address/Corporate Address Info Not Available Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Website MDirect vs Sharekhan - Company Website Info Not Available https://www.sharekhan.com
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Tips/Research/Reports Published

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

Compare MDirect vs Sharekhan - Demat Account
  MDirect Sharekhan
DP Source CDSL
DP ID MDirect vs Sharekhan - DP ID No 36000
Demat Account Annual Maintenance Charges(AMC) Tariff : Rs.p.a-[A:400,B:500,C:350,D:Nil,E:100,F:500,H:1000,G:Nil(holding Value <= Rs.50000)or 100(holding Value from Rs.50001 to Rs.200000)or 400(holding Value >Rs.200000)] will be levied from that date onwards & rest of charges will be levied as per regular scheme.*A,C,E&H Free for the 1st Year.
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) A&B:Sales SK :0 Else 0.03% of value of tran(min Rs.30),C&D:Sales SK Rs. 6 Per tran Else 0.03% of value of tran(min Rs.30),E & H:Sales SK 0.03% of value of tran (E:min Rs.29,H:min Rs.30) Else 0.03% of value of tran(min Rs.49),F:0.03% of value of tran(min Rs.30),G:0.03% of value of tran(min Rs.49)
Demat Rs. 5 per certificate (Min Rs. 50 per request for Tariff A,B,C,D,E,F & H) (Min Rs. 100 per request for Tariff G )
Remat Rs.50 per certificate or Rs.50 for every hundred securities
Pledge Creation 0.03 % of the value of the Transaction (Min Rs. 100 per transaction)
Pledge Creation Confirmation Nil
Pledge Closure Nil
Pledge Closure Confirmation Nil
Pledge Invocation Nil
Failed Instruction Charges Nil
Other Charges 1) Freeze /De-freeze - Rs. 25 per request 2) Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum Rs. 100) 3)Client Master changes Rs.30 per request for Tariff G

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Sharekhan - Special Offers and Promotion
  MDirect Sharekhan
Pay In and Pay Out Options MDirect vs Sharekhan - Pay In and Pay Out Options Info Not Available Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MDirect vs Sharekhan - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges MDirect vs Sharekhan - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
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...

  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.

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 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.
Special Offers/Promo
Enquire about MDirect Enquire about Sharekhan

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