MDirect Vs Upstox (RKSV)

The brokerage of MDirect Max Rs 18 per trade while the brokerage of Upstox (RKSV) Max Rs 20 per trade. Both the brokers are Discount Brokers. MDirect is having overall lower rating compare to Upstox (RKSV).MDirect is rated only 3 out of 5 where Upstox (RKSV) is rated 4.5 out of 5.

Here we present 1 on 1 comparison of MDirect vs Upstox (RKSV) 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 Upstox (RKSV)'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 Upstox (RKSV) - Broker type and exchange supported
  MDirect Logo
MDirect
Upstox (RKSV) Logo
Upstox (RKSV)
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
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. From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.
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 Upstox (RKSV). Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs Upstox (RKSV) - Trading and Demat Account Charges
  MDirect Upstox (RKSV)
Trading Account Opening Fees What is this parameter? Rs 500 Rs 150 for Equity & Currenct, Rs 150 for Commodity
Trading AMC What is this parameter? Nil NIL
Demat Account Opening Fees What is this parameter? Rs 200 Rs 150
Demat AMC What is this parameter? RS 400/p.a - Waived for 1st year Rs 150 from second year onwards
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare MDirect vs Upstox (RKSV) - Plan Options
  MDirect Upstox (RKSV)
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 Upstox (RKSV)
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Upstox (RKSV) - Brokerage Charges
  MDirect Upstox (RKSV)
Plan Name What is this parameter? Rs 18 Per Trader Plan Dream Plan
Plan Description What is this parameter? Flat Rs 18 Per Trader Plan. Equity Delivery Free and Rs 20 Per executable order for others
Equity Delivery What is this parameter? Rs 18 per executed order Free
Equity Intraday What is this parameter? Rs 18 or 0.01 % whichever is lower Rs 20
Equity Futures What is this parameter? Rs 18 per executed order Rs 20
Equity Options What is this parameter? Rs 18 per executed order Rs 20
Currency Futures What is this parameter? Rs 18 per executed order Rs 20
Currency Options What is this parameter? Rs 18 per executed order Rs 20
Commodity Trading What is this parameter? Rs 18 per executed order Rs 20
Minimum Brokerage What is this parameter?
Brokerage Calculator Brokerage Calculator for mdirect Brokerage Calculator for upstox
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Upstox (RKSV) - Transaction/Turnover Charges
  MDirect Upstox (RKSV)
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 210 Per Cr
Equity Options What is this parameter? Rs 8000 Per Cr Rs 5500 Per Cr
Currency Futures What is this parameter? Rs 215 Per Cr Rs 150 Per Cr
Currency Options What is this parameter? Rs 7000 Per Cr Rs 6000 Per Cr
Commodity What is this parameter?
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for upstox
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Trading Features

Compare MDirect vs Upstox (RKSV) - Trading Feature and platform
  MDirect Upstox (RKSV)
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? Yes Yes
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No Yes
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?
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Trading Platform

Compare MDirect vs Upstox (RKSV) - Trading Platform
  MDirect Upstox (RKSV)
Desktop Trading Platform What is this parameter? Nest Plus NEST
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://pro.upstox.com/
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? Mdirect Upstox
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 upstox

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Broker Ratings by Users

Compare MDirect vs Upstox (RKSV) - Rating
  MDirect Upstox (RKSV)
  Customer Reviews    Rate MDirect 2 Customer Reviews    Rate Upstox (RKSV)
Fees Ratings 4.5
Trading Brokerage Rating 4.5
Trading Platform Usability 4.0
Customer Service Ratings 4.0
Overall Ratings Rated 4.5 stars
Broker Rating Upstox (RKSV) is Rated 4.5 / 5 based on 2 customer reviews
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Investment Services

Compare MDirect vs Upstox (RKSV) - Investment Options
  MDirect Upstox (RKSV)
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 Yes
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 Upstox (RKSV) - Customer Service Offerance
  MDirect Upstox (RKSV)
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 No
Through Branches What is this parameter? No Yes
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Tips/Research/Reports Published

Compare MDirect vs Upstox (RKSV) - Research, Tips Reports
  MDirect Upstox (RKSV)
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 Upstox (RKSV) - Demat Account
  MDirect Upstox (RKSV)
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) Rs. 300/- per annum.
Advance Deposit NIL
Statutory charges NIL
Transaction Charges on Debit (Per ISIN) Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip.
Demat Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms.
Remat Rs. 25/- per certificate or 0.05% of the value whichever is higher.
Pledge Creation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Creation Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Invocation 0.05% of the transaction charges subject to a minimum of Rs. 50/-
Failed Instruction Charges Rs. 50/- per transaction.
Other Charges Demat Rejection Charges: Rs. 35/- per rejection for every 500 gms. Adhoc / Non periodic statement requests: Adhoc statement requests: - Rs. 25/- (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs. 10/- plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Upstox (RKSV) - Special Offers and Promotion
  MDirect Upstox (RKSV)
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...

  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.
  • Innovative tools like brokerage calculator, options builder tool and RKSV Span Margin Calculator.

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...

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.

More Disadvantages...

Special Offers/Promo

Special offers:

Zero Account Opening Fee.Get the offer.
Enquire about MDirect Enquire about Upstox (RKSV)

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

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Allahabad Kanpur Patna Ernakulam



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