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 MDirect vs Tradeplus online - Trading Account Opening Fees Rs 500 Free
Trading AMC MDirect vs Tradeplus online - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs Tradeplus online - Demat Account Opening Fees Rs 200 Free
Demat AMC MDirect vs Tradeplus online - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 1000 Life time AMC
Provide DP Service MDirect vs Tradeplus online - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare MDirect vs Tradeplus online - Plan Options
  MDirect Tradeplus online
Multiple Plans What is this parameter? No No
Monthly Plans MDirect vs Tradeplus online - Monthly Brokerage Plan No Yes
Yearly Plans MDirect vs Tradeplus online - Yearly Brokerage Plan 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 MDirect vs Tradeplus online - Rs 18 Per Trader Plan Infinite Trading plan
Plan Description MDirect vs Tradeplus online - 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 MDirect vs Tradeplus online - Cash Delivery Brokerage Flat Fee Rs 18 0.1% or 10 paisa
Equity Intraday MDirect vs Tradeplus online - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.01% or 1 paisa
Equity Futures MDirect vs Tradeplus online - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 799 PM
Equity Options MDirect vs Tradeplus online - F&O Segment - Options Brokerage Flat Fee Rs 18 Flat Fee Rs 99 PM
Currency Futures MDirect vs Tradeplus online - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 99 PM
Currency Options MDirect vs Tradeplus online - Currency Options Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 99 PM
Commodity Trading MDirect vs Tradeplus online - Commodity Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 99 PM
Minimum Brokerage MDirect vs Tradeplus online -
Hidden Charges MDirect vs Tradeplus online - Hidden Charges Info Not Available Info Not Available
Funding MDirect vs Tradeplus online - Funding Interest Info Not Available Info Not Available
Call & Trade Charges MDirect vs Tradeplus online - Call & Trade Charges Info Not Available Info Not Available
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for Tradeplus online
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for Tradeplus online
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Tradeplus online - Transaction/Turnover Charges
  MDirect Tradeplus online
Equity Delivery MDirect vs Tradeplus online - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 330 Per Cr
Equity Intraday MDirect vs Tradeplus online - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 330 Per Cr
Equity Futures MDirect vs Tradeplus online - Equity Futures Transaction Charges Rs 350 Per Cr Rs 350 Per Cr
Equity Options MDirect vs Tradeplus online - Equity Options Transaction Charges Rs 8000 Per Cr Rs 7500 Per Cr
Currency Futures MDirect vs Tradeplus online - Rs 215 Per Cr Rs 165 Per Cr
Currency Options MDirect vs Tradeplus online - Rs 7000 Per Cr Rs 6000 Per Cr
Commodity MDirect vs Tradeplus online - Commodity Transaction Charges Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
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 MDirect vs Tradeplus online - 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 Tradeplus online - Advance Charting Yes Yes
Algo Trading MDirect vs Tradeplus online - Algo Trading Yes Yes
SMS Alerts MDirect vs Tradeplus online - SMS Alerts Yes Yes
Online Demo MDirect vs Tradeplus online - Online Demo Yes Yes
Online Portfolio MDirect vs Tradeplus online - Portfolio Service No No
Margin Trading Funding Available MDirect vs Tradeplus online - Margin Funding No No
Combined Ledger for Equity and Commodity MDirect vs Tradeplus online - Combined Ledger for Equity and Commodity No No
Intraday Square-off Time MDirect vs Tradeplus online - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs Tradeplus online - NRI Trading No Yes
Other Features MDirect vs Tradeplus online - 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 MDirect vs Tradeplus online - Trading terminal Nest Plus NSE NOW,INFINI TRADER
Desktop Demo MDirect vs Tradeplus online - Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) MDirect vs Tradeplus online - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs Tradeplus online - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs Tradeplus online - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs Tradeplus online - Trading Website Mdirect Nest Plus https://www.nowonline.in/
Web Trading Demo MDirect vs Tradeplus online - Web Trading Demo Info Not Available Info Not Available
Mobile Site MDirect vs Tradeplus online - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs Tradeplus online - Mobile App Yes Yes
Mobile Trading App MDirect vs Tradeplus online - Name Of Mobile App Mdirect NSE NOW
Mobile Trading App Demo MDirect vs Tradeplus online - Name Of Mobile App Info Not Available Info Not Available
Android Mobile App MDirect vs Tradeplus online - Android Mobile App Yes Yes
Android App Download MDirect vs Tradeplus online - Mobile App Download Andriod Mdirect Download Andriod NSE NOW Download
iPhone Mobile App (IOS) MDirect vs Tradeplus online - Yes Yes
iOS App Download MDirect vs Tradeplus online - Mobile App Download iOS Mdirect Download iOS NSE NOW Download
Android Tablet App MDirect vs Tradeplus online - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs Tradeplus online - Yes Yes
Trading Software Charges MDirect vs Tradeplus online - Trading Software Charges Info Not Available Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MDirect Equity Intraday and Delivery Brokerage Calculator for Tradeplus online
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for Tradeplus online
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for Tradeplus online
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 24 Customer Reviews    Rate TradePlusOnline
Fees Ratings 4.5
Trading Brokerage Rating 4.8
Trading Platform Usability 4.2
Customer Service Ratings 4.1
Overall Ratings Rated 4.4 stars
Broker Rating TradePlusOnline is Rated 4.4 / 5 based on 24 customer reviews
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Investment Services

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

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

Compare MDirect vs Tradeplus online - Margin/Leverage
  MDirect Tradeplus online
Equity Delivery Margin MDirect vs Tradeplus online - Equity Delivery Margin Info Not Available Info Not Available
Equity Intraday Margin MDirect vs Tradeplus online - Equity Intraday Margin Info Not Available Info Not Available
Futures Margin MDirect vs Tradeplus online - Futures Margin Info Not Available Info Not Available
Options Margin MDirect vs Tradeplus online - Options Margin Info Not Available Info Not Available
Equity CO Margin MDirect vs Tradeplus online - Equity CO Margin Info Not Available Info Not Available
Futures CO Margin MDirect vs Tradeplus online - Futures CO Margin Info Not Available Info Not Available
Options CO Margin MDirect vs Tradeplus online - Options CO Margin Info Not Available Info Not Available
Commodity Margin MDirect vs Tradeplus online - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MDirect vs Tradeplus online - Customer Service Offerance
  MDirect Tradeplus online
24/7 Customer Service MDirect vs Tradeplus online - 24x7 customer support Yes No
Email Support MDirect vs Tradeplus online - Email Support Yes Yes
Onine Live Chat MDirect vs Tradeplus online - Onine Live Chat Yes Yes
Phone Support MDirect vs Tradeplus online - Phone Support Yes Yes
Toll Free Number MDirect vs Tradeplus online - Toll Free Number Yes No
Through Branches MDirect vs Tradeplus online - Through Branches No No
Customer Care Number MDirect vs Tradeplus online - Customer Care Number Info Not Available Info Not Available
Account Opening Process MDirect vs Tradeplus online - Account Opening Process Info Not Available Info Not Available
Customer Support Email MDirect vs Tradeplus online - Customer Support Email Info Not Available Info Not Available
Knowledge Center/Education MDirect vs Tradeplus online - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address MDirect vs Tradeplus online - Head Office Address/Corporate Address Info Not Available Info Not Available
Website MDirect vs Tradeplus online - Company Website Info Not Available Info Not Available
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Tips/Research/Reports Published

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

Compare MDirect vs Tradeplus online - Demat Account
  MDirect Tradeplus online
DP Source NSDL
DP ID MDirect vs Tradeplus online - DP ID No No
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
Pay In and Pay Out Options MDirect vs Tradeplus online - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time MDirect vs Tradeplus online - Payout Time Info Not Available Info Not Available
Bank Supported and Charges MDirect vs Tradeplus online - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
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

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