MDirect Vs Trade Smart Online

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

Here we present 1 on 1 comparison of MDirect vs Trade Smart Online 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 Trade Smart Online '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 Trade Smart Online - Broker type and exchange supported
  MDirect Logo
MDirect
Trade Smart Online  Logo
Trade Smart Online
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 BSE, NSE, MCX, NCDEX
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. Trade Smart Online on the whole provides clients a well-rounded offering worth being a client for, especially with its cheapest unlimited trading per monthly plan for Equity, F&O, commodity and currency segment.
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 Trade Smart Online . Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs Trade Smart Online - Trading and Demat Account Charges
  MDirect Trade Smart Online
Trading Account Opening Fees What is this parameter? Rs 500 Rs 200
Trading AMC What is this parameter? Nil Rs 0
Demat Account Opening Fees What is this parameter? Rs 200 Rs 200
Demat AMC What is this parameter? RS 400/p.a - Waived for 1st year Rs 300
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare MDirect vs Trade Smart Online - Plan Options
  MDirect Trade Smart Online
Monthly Plans What is this parameter? No Yes
Yearly Plans What is this parameter? No No
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Contact Broker / Request A Call Back

  MDirect Trade Smart Online
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Trade Smart Online - Brokerage Charges
  MDirect Trade Smart Online
Plan Name What is this parameter? Rs 18 Per Trader Plan Power Plan @15
Plan Description What is this parameter? Flat Rs 18 Per Trader Plan. 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 20x exposure on Equity, 5x
Equity Delivery What is this parameter? Rs 18 per executed order Rs 15
Equity Intraday What is this parameter? Rs 18 or 0.01 % whichever is lower Rs 15
Equity Futures What is this parameter? Rs 18 per executed order Rs 15
Equity Options What is this parameter? Rs 18 per executed order Rs 15
Currency Futures What is this parameter? Rs 18 per executed order Rs 15
Currency Options What is this parameter? Rs 18 per executed order Rs 15
Commodity Trading What is this parameter? Rs 18 per executed order Rs 15
Minimum Brokerage What is this parameter? Rs 15
Brokerage Calculator Brokerage Calculator for mdirect Brokerage Calculator for trade-smart-online
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Trade Smart Online - Transaction/Turnover Charges
  MDirect Trade Smart Online
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 350 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 350 Per Cr
Equity Futures What is this parameter? Rs 350 Per Cr Rs 240 Per Cr
Equity Options What is this parameter? Rs 8000 Per Cr Rs 7150 Per Cr
Currency Futures What is this parameter? Rs 215 Per Cr Rs 165 Per Cr
Currency Options What is this parameter? Rs 7000 Per Cr Rs 6000 Per Cr
Commodity What is this parameter? 0.0044%
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for trade-smart-online
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Trading Features

Compare MDirect vs Trade Smart Online - Trading Feature and platform
  MDirect Trade Smart Online
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? Yes Yes
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
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 No
Other Features What is this parameter?
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Trading Platform

Compare MDirect vs Trade Smart Online - Trading Platform
  MDirect Trade Smart Online
Desktop Trading Platform What is this parameter? Nest Plus NEST, NOW
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 NSE NOW, NEST
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? Mdirect NSE NOW, NEST
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 trade-smart-online

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Broker Ratings by Users

Compare MDirect vs Trade Smart Online - Rating
  MDirect Trade Smart Online
  Customer Reviews    Rate MDirect 33 Customer Reviews    Rate Trade Smart Online
Fees Ratings 3.9
Trading Brokerage Rating 4.5
Trading Platform Usability 3.7
Customer Service Ratings 4.0
Overall Ratings Rated 4.0 stars
Broker Rating Trade Smart Online is Rated 4.0 / 5 based on 33 customer reviews
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Investment Services

Compare MDirect vs Trade Smart Online - Investment Options
  MDirect Trade Smart Online
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 Yes
Online IPO Application What is this parameter? No No
Mutual Funds What is this parameter? No No
Bond / NCD What is this parameter? No No
Debt What is this parameter? No No
ETF What is this parameter? Yes Yes
Banking What is this parameter? No No
Insurance What is this parameter? No No
Forex What is this parameter? No No
SIP Investment What is this parameter? No No
Other Investment Options What is this parameter? NA
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Customer Service Offered

Compare MDirect vs Trade Smart Online - Customer Service Offerance
  MDirect Trade Smart Online
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 Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? Yes No
Through Branches What is this parameter? No No
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Tips/Research/Reports Published

Compare MDirect vs Trade Smart Online - Research, Tips Reports
  MDirect Trade Smart Online
Research Mutual Funds What is this parameter? No No
Research Equity Reports What is this parameter? Yes No
Research ETF What is this parameter? No No
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Demat Account

Compare MDirect vs Trade Smart Online - Demat Account
  MDirect Trade Smart Online
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Rs 300(Individual), Rs.800 (Corporate)
Advance Deposit NIL
Statutory charges At Actual
Transaction Charges on Debit (Per ISIN) Rs. 25 minimum or 0.02% which ever is higher.In case of BSDA Rs.50 or 0.02% whichever is higher.
Demat Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request.
Remat Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request.
Pledge Creation Rs. 200 per scrip
Pledge Creation Confirmation Nil
Pledge Closure Rs. 200 per scrip
Pledge Closure Confirmation Nil
Pledge Invocation Rs. 200 minimum or 0.01% which ever is higher
Failed Instruction Charges Nil
Other Charges Late instruction .1% scrip value, For requisitioning physical transaction statement Rs. 50 per BO statement plus courier charges

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Trade Smart Online - Special Offers and Promotion
  MDirect Trade Smart Online
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...

  • Time saver live chat service with customers to resolve their queries.
  • Fair trading margins available for trading in currency and commodity.
  • Support Offer For Sale(OFS).

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...

  • Lacking in house research
  • No support to invest in IPO, FPO, Mutual Funds

More Disadvantages...

Special Offers/Promo

Special offer for topsharebrokers.com Visitors
Get Rs 200 discount when you open a Trade Smart Online Trading Account through us. Simply leave your contact information with us and Trade Smart Online representatives will call you.

Enquire about MDirect Enquire about Trade Smart Online

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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