MDirect Vs TradePlusOnline

The brokerage of MDirect Max Rs 18 per trade while the brokerage of Tradeplus online Max 99 Rs PM Plan* per trade. Both the brokers are Discount Brokers. MDirect is having overall lower rating compare to Tradeplus online.MDirect is rated only 3 out of 5 where Tradeplus online is rated 3.5 out of 5.

Here we present 1 on 1 comparison of MDirect vs Tradeplus 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 TradePlusOnline'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 Tradeplus online - Broker type and exchange supported
  MDirect Logo
MDirect
Tradeplus online Logo
Tradeplus 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 NSE, BSE, MCX
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. TradePlus started as financial service Industry and move towards equity broker, Depository Participant, commodity broker and now to discount broker with 3T guiding principal - Transparency, Technology and Trust.
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 TradePlusOnline. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs Tradeplus online - Trading and Demat Account Charges
  MDirect Tradeplus online
Trading Account Opening Fees What is this parameter? Rs 500 199 Rs- FREE with joining offer
Trading AMC What is this parameter? Nil 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 500 Rs for 5 years
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare MDirect vs Tradeplus online - Plan Options
  MDirect Tradeplus 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 Tradeplus online
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Tradeplus online - Brokerage Charges
  MDirect Tradeplus online
Plan Name What is this parameter? Rs 18 Per Trader Plan Infinite Trading plan
Plan Description What is this parameter? Flat Rs 18 Per Trader Plan. 99 Rs Monthly Plan - Lowest pricing in options, Currencies and Commodities. Best for intraday traders, at just Rs. 99 /month. Refundable plan[Refunded if you do not trade for month!]
Equity Delivery What is this parameter? Rs 18 per executed order 0.1%
Equity Intraday What is this parameter? Rs 18 or 0.01 % whichever is lower 0.01%
Equity Futures What is this parameter? Rs 18 per executed order 799 PM FLAT
Equity Options What is this parameter? Rs 18 per executed order 99 PM FLAT
Currency Futures What is this parameter? Rs 18 per executed order 99 PM FLAT - BOTH CURRENCY F&O
Currency Options What is this parameter? Rs 18 per executed order 99 PM FLAT - BOTH CURRENCY F&O
Commodity Trading What is this parameter? Rs 18 per executed order 99 PM FLAT BOTH COMMODITY F&O
Minimum Brokerage What is this parameter?
Brokerage Calculator Brokerage Calculator for mdirect Brokerage Calculator for tradeplus
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Tradeplus online - Transaction/Turnover Charges
  MDirect Tradeplus online
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 330 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 330 Per Cr
Equity Futures What is this parameter? Rs 350 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 8000 Per Cr Rs 7500 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? MCX : 0.004% (400 per crore)
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for tradeplus
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Trading Features

Compare MDirect vs Tradeplus online - Trading Feature and platform
  MDirect Tradeplus 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? Yes Yes
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 Yes
Other Features What is this parameter? Charting & Tech Tools -YES - INFINI POWER - MCX and Equities Charting & Tech Tools -YES - INFINI POWER - MCX and Equities
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Trading Platform

Compare MDirect vs Tradeplus online - Trading Platform
  MDirect Tradeplus online
Desktop Trading Platform What is this parameter? Nest Plus NSE NOW,INFINI TRADER
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://www.nowonline.in/
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
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 tradeplus

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Broker Ratings by Users

Compare MDirect vs Tradeplus online - Rating
  MDirect Tradeplus online
  Customer Reviews    Rate MDirect 23 Customer Reviews    Rate TradePlusOnline
Fees Ratings 4.5
Trading Brokerage Rating 4.8
Trading Platform Usability 4.1
Customer Service Ratings 4.1
Overall Ratings Rated 4.4 stars
Broker Rating TradePlusOnline is Rated 4.4 / 5 based on 23 customer reviews
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Investment Services

Compare MDirect vs Tradeplus online - Investment Options
  MDirect Tradeplus 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 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 No
Insurance What is this parameter? No Yes
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 Tradeplus online - Customer Service Offerance
  MDirect Tradeplus 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 Tradeplus online - Research, Tips Reports
  MDirect Tradeplus 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 Yes
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Demat Account

Compare MDirect vs Tradeplus online - Demat Account
  MDirect Tradeplus online
DP Source NSDL
Demat Account Annual Maintenance Charges(AMC) A) Rs.1000/- Life time AMC, Only for Resident individual Clients having broking account with Navia Markets Ltd., B)Rs.2500/- Life Time AMC for Non Resident Individual clients with broking account C) With Broking Clients Rs. 500/- p.a. C) For NRI Clients Rs. 1000/-p.a. D) Rs.1000/- p.a For Only DP Clients and All types of corporate DP account. 5Years &10 Years AMC Scheme for ONLY DP Resident/NRI Individuals - Rs.3000/- for 5Years for ONLY DP Resident/NRI Individual , Rs.5000/- for 10 Years ONLY DP Resident/NRI Individual. E) For Commodities - Resident Individual Rs.1000/- Life Time AMC for 10 years period. F) For Commodities Corporate accounts - Rs.5000/- Life Time AMC for 10 years Period.
Advance Deposit NIL
Statutory charges NIL
Transaction Charges on Debit (Per ISIN) A) Market selling (DEBITS) through Navia markets Ltd with POA ( POA Issued favouring Navia Markets Ltd. 0.02% of Transaction Value, subject to Minimum of Rs.15/- per Transaction @ Maximum of Rs. 200/- B) Markets selling (DEBITS) Through Navia Markets Ltd 0.02% of Transaction Value, subject to Minimum of Rs.20/- per Transaction @ Maximum of Rs. 200/- C) Market Selling(Debits) other than Navia Markets Ltd. off markets debits & inter depository debits 0.04% of transaction value subject to minimum of Rs.30/- per transaction. Incase of commodities - 1) Market Buying (Receipts) off market credit & inter depository receipts = NIL 2) Market selling (DEBITS) through Navia markets Ltd with POA ( POA Issued favouring Navia Markets Ltd. minimum Rs.30/- per transaction Maximum Rs.0.04 % value of the transaction whichever is higher.3) Markets selling (DEBITS) Through Navia Markets Ltd 0.06% of Transaction Value, subject to Minimum of Rs.50/- per Transaction. 4) Market Selling(Debits) other than Navia Markets Ltd. off markets debits & inter depository debits 0.06% of transaction value subject to minimum of Rs.50/- per transaction.
Demat A) Rs.50/- per DRF (upto five Certificates) More than 5 certificates Rs.5/ per certificate Plus Rs.50/- (Minimum Charges) B) For NRI Clients Rs. 200/- Per DRF (upto five Certificates) More than 5 certificates Rs.30/- per certificate Plus Rs.200/- (Minimum Charges) C) For commodities Demat - Rs.100/- per DRF
Remat Rs.15 per certificate or Rs. 15/- for every hundred shares or part there of which ever is higher plus handling charges Rs. 50/- For Commodities - Rs.250/- per request
Pledge Creation Rs.15/- per Transaction for non POA. For commodities Rs.30/ per transaction
Pledge Creation Confirmation 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Creation
Pledge Closure
Pledge Closure Confirmation 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Transaction
Pledge Invocation Only for commodities 0.02% of the value of securities pledged, subject to minimum of Rs.100/- per Creation
Failed Instruction Charges 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Creation. For Commodities - 0.02% of the value of securities pledged, subject to minimum of Rs.100/- per Creation
Other Charges Rs.15.00 Per Transaction. Incase of Commodities Rs.30/- per transaction.

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Tradeplus online - Special Offers and Promotion
  MDirect Tradeplus 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...

  • NRI Trading services.
  • Demat services.
  • Platform to trade in IPO, MF and Bonds.
  • Twitter enabled customer service.
  • data analytics platform, customized technical alert.
  • PAYTM integration & cashback.
  • Lowest price plan for Intraday traders.

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...

  • Additional charges for using "Infini-Power" the technical analysis tool.
  • Call n Trade charges are very high - Rs 75 per day or Rs 1000 PM.

More Disadvantages...

Special Offers/Promo
Enquire about MDirect Enquire about TradePlusOnline

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

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Sub brokers by name

Allahabad Kanpur Patna Ernakulam



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