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 MDirect vs Upstox (RKSV) - Trading Account Opening Fees Rs 500 Rs 150 Equity/ Rs 150 Commodity
Trading AMC MDirect vs Upstox (RKSV) - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs Upstox (RKSV) - Demat Account Opening Fees Rs 200 Rs 150
Demat AMC MDirect vs Upstox (RKSV) - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 150 PA (Waived for 1st year)
Provide DP Service MDirect vs Upstox (RKSV) - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare MDirect vs Upstox (RKSV) - Plan Options
  MDirect Upstox (RKSV)
Multiple Plans What is this parameter? No Yes
Monthly Plans MDirect vs Upstox (RKSV) - Monthly Brokerage Plan No No
Yearly Plans MDirect vs Upstox (RKSV) - Yearly Brokerage Plan 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 MDirect vs Upstox (RKSV) - Rs 18 Per Trader Plan Dream Plan
Plan Description MDirect vs Upstox (RKSV) - Flat Rs 18 Per Trader Plan. Equity Delivery Free and Rs 20 Per executable order for others
Equity Delivery MDirect vs Upstox (RKSV) - Cash Delivery Brokerage Flat Fee Rs 18 Free
Equity Intraday MDirect vs Upstox (RKSV) - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.01% or Rs 20 whichever is lower
Equity Futures MDirect vs Upstox (RKSV) - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 20
Equity Options MDirect vs Upstox (RKSV) - F&O Segment - Options Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Currency Futures MDirect vs Upstox (RKSV) - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower Flat Fee Rs 20
Currency Options MDirect vs Upstox (RKSV) - Currency Options Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Commodity Trading MDirect vs Upstox (RKSV) - Commodity Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Minimum Brokerage MDirect vs Upstox (RKSV) -
Hidden Charges MDirect vs Upstox (RKSV) - Hidden Charges Info Not Available Info Not Available
Funding MDirect vs Upstox (RKSV) - Funding Interest Info Not Available Info Not Available
Call & Trade Charges MDirect vs Upstox (RKSV) - Call & Trade Charges Info Not Available Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for Upstox (RKSV)
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for Upstox (RKSV)
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Upstox (RKSV) - Transaction/Turnover Charges
  MDirect Upstox (RKSV)
Equity Delivery MDirect vs Upstox (RKSV) - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs Upstox (RKSV) - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs Upstox (RKSV) - Equity Futures Transaction Charges Rs 350 Per Cr Rs 210 Per Cr
Equity Options MDirect vs Upstox (RKSV) - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5500 Per Cr
Currency Futures MDirect vs Upstox (RKSV) - Rs 215 Per Cr Rs 150 Per Cr
Currency Options MDirect vs Upstox (RKSV) - Rs 7000 Per Cr Rs 6000 Per Cr
Commodity MDirect vs Upstox (RKSV) - 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 upstox
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Trading Features

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

Compare MDirect vs Upstox (RKSV) - Trading Platform
  MDirect Upstox (RKSV)
Desktop Trading Platform MDirect vs Upstox (RKSV) - Trading terminal NSE NOW DartStock/Nest Trader/Fox Trader
Desktop Demo MDirect vs Upstox (RKSV) - Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) MDirect vs Upstox (RKSV) - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs Upstox (RKSV) - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs Upstox (RKSV) - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs Upstox (RKSV) - Trading Website http://122.179.158.190/sohamrmclient/login.aspx https://pro.upstox.com/
Web Trading Demo MDirect vs Upstox (RKSV) - Web Trading Demo Info Not Available Web Trading Demo
Mobile Site MDirect vs Upstox (RKSV) - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs Upstox (RKSV) - Mobile App Yes Yes
Mobile Trading App MDirect vs Upstox (RKSV) - Name Of Mobile App Mdirect Upstox
Mobile Trading App Demo MDirect vs Upstox (RKSV) - Name Of Mobile App Info Not Available Upstox Demo
Android Mobile App MDirect vs Upstox (RKSV) - Android Mobile App Yes Yes
Android App Download MDirect vs Upstox (RKSV) - Mobile App Download Andriod Mdirect Download Andriod Upstox Download
iPhone Mobile App (IOS) MDirect vs Upstox (RKSV) - Yes Yes
iOS App Download MDirect vs Upstox (RKSV) - Mobile App Download iOS Mdirect Download iOS Upstox Download
Android Tablet App MDirect vs Upstox (RKSV) - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs Upstox (RKSV) - Yes Yes
Trading Software Charges MDirect vs Upstox (RKSV) - 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 Upstox (RKSV)
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for Upstox (RKSV)
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for Upstox (RKSV)
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 4 Customer Reviews    Rate Upstox (RKSV)
Fees Ratings 3.8
Trading Brokerage Rating 4.0
Trading Platform Usability 3.8
Customer Service Ratings 3.5
Overall Ratings Rated 3.8 stars
Broker Rating Upstox (RKSV) is Rated 3.8 / 5 based on 4 customer reviews
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Investment Services

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

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

Compare MDirect vs Upstox (RKSV) - Margin/Leverage
  MDirect Upstox (RKSV)
Equity Delivery Margin MDirect vs Upstox (RKSV) - Equity Delivery Margin Info Not Available No, Upstox dont provide any margin/leverage for delivery/carry forward positions.
Equity Intraday Margin MDirect vs Upstox (RKSV) - Equity Intraday Margin Info Not Available Upto 15x for NSE/BSE Cash in Base Plan, Up to 20x on Priority Plan.
Futures Margin MDirect vs Upstox (RKSV) - Futures Margin Info Not Available Upto 4x for Index/Stock futers, Priority Plan - upto 5x for Index and 4x for Stocks.
Options Margin MDirect vs Upstox (RKSV) - Options Margin Info Not Available Upto 4x for Index/Stock Options Sell, Priority Plan - upto 5x for Index and 4x for Stock Options.No leverage on Options Buying.
Equity CO Margin MDirect vs Upstox (RKSV) - Equity CO Margin Info Not Available Upto 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan.
Futures CO Margin MDirect vs Upstox (RKSV) - Futures CO Margin Info Not Available Upto 4x for Index/Stock futers, Priority Plan - upto 7x for Index and 6x for Stocks.
Options CO Margin MDirect vs Upstox (RKSV) - Options CO Margin Info Not Available Upto 4x for Index/Stock Options Sell, Priority Plan(PP) - upto 5x for Index and 4x for Stock Options.No leverage on Options Buying.
Commodity Margin MDirect vs Upstox (RKSV) - Commodity Margin Info Not Available Upto 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare MDirect vs Upstox (RKSV) - Customer Service Offerance
  MDirect Upstox (RKSV)
24/7 Customer Service MDirect vs Upstox (RKSV) - 24x7 customer support Yes No
Email Support MDirect vs Upstox (RKSV) - Email Support Yes Yes
Onine Live Chat MDirect vs Upstox (RKSV) - Onine Live Chat Yes Yes
Phone Support MDirect vs Upstox (RKSV) - Phone Support Yes Yes
Toll Free Number MDirect vs Upstox (RKSV) - Toll Free Number Yes No
Through Branches MDirect vs Upstox (RKSV) - Through Branches No Yes
Customer Care Number MDirect vs Upstox (RKSV) - Customer Care Number Info Not Available +91 22 6130 9999
Account Opening Process MDirect vs Upstox (RKSV) - Account Opening Process Info Not Available paperless
Customer Support Email MDirect vs Upstox (RKSV) - Customer Support Email Info Not Available [email protected] 
Knowledge Center/Education MDirect vs Upstox (RKSV) - Knowledge Center/Education Info Not Available https://upstox.com/help-center/
Head Office Address MDirect vs Upstox (RKSV) - Head Office Address/Corporate Address Info Not Available Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website MDirect vs Upstox (RKSV) - Company Website Info Not Available https://upstox.com/
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Tips/Research/Reports Published

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

Compare MDirect vs Upstox (RKSV) - Demat Account
  MDirect Upstox (RKSV)
DP Source CDSL
DP ID MDirect vs Upstox (RKSV) - DP ID No 81800
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)
Pay In and Pay Out Options MDirect vs Upstox (RKSV) - Pay In and Pay Out Options Info Not Available pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time MDirect vs Upstox (RKSV) - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges MDirect vs Upstox (RKSV) - Bank Supported and Charges Info Not Available Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Info Not Available HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
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.

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.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

More Disadvantages...

Special Offers/Promo

Special offers:

Get account opening fees as brokerage cashback.Get the offer.
Enquire about MDirect Enquire about Upstox (RKSV)

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Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
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Rs 0 account opening fee on Online Trading and a Demat Account
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Free Delivery trading

High Leverage


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
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Flat Fee - Rs 15 Per Trade


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