Zerodha Vs MDirect

Here we present 1 on 1 comparison of Zerodha vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared Zerodha vs MDirect'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 Zerodha vs MDirect - Broker type and exchange supported
  Zerodha Logo
Zerodha
MDirect Logo
MDirect
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? NSE, BSE, MCX-SX and MCX BSE,NSE,MCX,NCDEX,MSEI
Broker Overview With high-class technology, unique trading tools and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active inve... Know more about Zerodha 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.
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Zerodha vs MDirect - Trading and Demat Account Charges
  Zerodha MDirect
Trading Account Opening Fees What is this parameter? Rs 200 for self printed or Rs 300 courier form Rs 500
Trading AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? Rs 100 Rs 200
Demat AMC What is this parameter? Rs 300 RS 400/p.a - Waived for 1st year
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare Zerodha vs MDirect - Plan Options
  Zerodha MDirect
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

  Zerodha MDirect
Contact / Request Call Back
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Brokerage Charges

Compare Zerodha vs MDirect - Brokerage Charges
  Zerodha MDirect
Plan Name What is this parameter? 20 Rs per executed order Rs 18 Per Trader Plan
Plan Description What is this parameter? 20 Rs flat plan from Zerodha is same for intraday, F&O equity, commodity and currency on NSE,BSE,MCX & MCX-SX. No upfront brokerage or turnover commitments on your trade. 20 Rs is Maximum you need to pay for per executable order, so charges can be less as .01% (intraday equity & futures) whichever is lower.Now Equity Delivery is Free with Zerodha. Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? Free Rs 18 per executed order
Equity Intraday What is this parameter? Rs 20 Rs 18 or 0.01 % whichever is lower
Equity Futures What is this parameter? Rs 20 Rs 18 per executed order
Equity Options What is this parameter? Rs 20 Rs 18 per executed order
Currency Futures What is this parameter? Rs 20 Rs 18 per executed order
Currency Options What is this parameter? Rs 20 Rs 18 per executed order
Commodity Trading What is this parameter? Rs 20 Rs 18 per executed order
Minimum Brokerage What is this parameter? NIL
Brokerage Calculator Brokerage Calculator for zerodha Brokerage Calculator for mdirect
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Share Broker's Transaction/Turnover Charges

Compare Zerodha vs MDirect - Transaction/Turnover Charges
  Zerodha MDirect
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 210 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 5300 Per Cr Rs 8000 Per Cr
Currency Futures What is this parameter? Rs 135 Per Cr Rs 215 Per Cr
Currency Options What is this parameter? Rs 4400 Per Cr Rs 7000 Per Cr
Commodity What is this parameter? Non-Agri: 0.0031% | Agri: 0.00175%
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for mdirect
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Trading Features

Compare Zerodha vs MDirect - Trading Feature and platform
  Zerodha MDirect
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? No No
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? Yes No
Intraday Square-off Time What is this parameter? 3:15 pm 3:15 pm
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare Zerodha vs MDirect - Trading Platform
  Zerodha MDirect
Desktop Trading Platform What is this parameter? Zerodha PI Nest Plus
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No Yes
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? Zerodha Kite Mdirect Nest Plus
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? Zerodha Kite Mdirect
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 zerodha Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare Zerodha vs MDirect - Rating
  Zerodha MDirect
  134 Customer Reviews    Rate Zerodha Customer Reviews    Rate MDirect
Fees Ratings 4.2
Trading Brokerage Rating 4.6
Trading Platform Usability 3.9
Customer Service Ratings 4.0
Overall Ratings Rated 4.1 stars
Broker Rating Zerodha is Rated 4.1 / 5 based on 134 customer reviews
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Investment Services

Compare Zerodha vs MDirect - Investment Options
  Zerodha MDirect
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? Yes 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 Zerodha vs MDirect - Customer Service Offerance
  Zerodha MDirect
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No Yes
Through Branches What is this parameter? Yes No
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Tips/Research/Reports Published

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

Compare Zerodha vs MDirect - Demat Account
  Zerodha MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) 300 - Individual 1000 - Non Individual
Advance Deposit Nil
Statutory charges Rs.50/- (POA Charges)
Transaction Charges on Debit (Per ISIN) On market: Rs.8+5.5 (CDSL charges) Off market: 0.03% of Rs.25 whichever is higher
Demat 10 per certificate (subject to a min. of Rs.25 per ISIN) + Rs.50 courier charges
Remat 15 per certificate (subject to a min. of Rs.50 per ISIN) + Rs.50 courier charges + CDSL charges
Pledge Creation Rs.20 + Rs.12 per request (CDSL charges)
Pledge Creation Confirmation Nil
Pledge Closure Rs.20 + Rs.12 per request (CDSL charges)
Pledge Closure Confirmation Nil
Pledge Invocation Rs.20
Failed Instruction Charges Rs.50 per instruction
Other Charges Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare Zerodha vs MDirect - Special Offers and Promotion
  Zerodha MDirect
Likes
  • Strong customer support.
  • User-friendly Brokerage and margin calculators.
  • Free,online,open to all education module covering all the topics related to trading called Varsity.
  • Active trading forum called trading q&a.
  • Online account opening linked with your AAdhar card.

More Advantages...

  • 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...

Dislikes
  • Doesn't have monthly plans.
  • Call and trade is not free.
  • Doesn't provide facility to invest in IPO.

More Disadvantages...

  • 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...

Special Offers/Promo

Special offer for TopShareBrokers.com Visitors
Get Rs 100 discount when you open a Zerodha Trading Account through us. Submit your contact information with us and Zerodha representatives will connect with you.

Enquire about Zerodha Enquire about MDirect

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

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

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

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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