Last Updated - 2018-05-16
Rated 3/5 based on 94 customer reviews
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.
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MDirect is the online platform for trading by Moneylicious Capital & Advisory Services Pvt. Ltd.
MDirect is the Mumbai based new entrant in Discount Broker Industry having membership in NSE, BSE, MCX, NCDEX and MSEI.
MDirect offers trading in equity delivery, equity intraday, equity derivatives (F&O), currency and Commodity segments at a very affordable flat fee of Rs 18 per executed order.
The Brokerprovides easy-to-use platform for trading and complementing the same by delivering stock and commodity specific research reports to your email ids on daily basis. With MDirect you can view your trade, do fund Transfers and manage your Portfolio on a single screen.
Customer Care is available through email, toll free no, phone, online feedback, online message. It looks satisfactory not the best though.
|Service Type||Discount Broker||Discount Broker||Full Service Broker||Full Service Broker||Discount Broker|
|Brokerage||Rs 18||Rs 20||0.05 to .55%||0.1 to 0.5%||Rs 15|
|Account Type||2 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
Mdirect Brokerage is competitive and straight forward. No platform or hidden fees. The rates are all inclusive.
MDirect offers Rs 18 per executed order plan across all segments.
Client pays flat Rs 18 per executed order irrespective to the size of the order. Call and trade facility is available at an additional charges of Rs 18 per executed order. So if you place order by phone it will cost you 18 for call and trade + 18 as brokerage.
M Direct brokerage of Rs 18 flat-rate share trades are higher than ProStocks (Rs 15 ), SASOnline (Rs 9) & RK Global (Rs 9),Wisdom Capital (Rs 9),My Value Trade(10 Rs),Trade Smart Online (15 Rs) and lower than Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) plans.
MDirect Account Opening Charges
|Brokerage Plan||Rs 18 Per Trader Plan|
|Equity Delivery||Rs 18 per executed order|
|Equity Intraday||Rs 18 or 0.01 % whichever is lower|
|Equity Futures||Rs 18 per executed order|
|Equity Options||Rs 18 per executed order|
|Currency Futures||Rs 18 per executed order|
|Currency Options||Rs 18 per executed order|
|Commodity||Rs 18 per executed order|
Clients can trade with MDirect using Omnesys NEST platform which is available in desktop, web and mobile versions. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring.
MDirect NEST Plus: MDirect NEST Plusis a desktop base installable trading platform by "Omnesys NEST". Advance charting tools for technical analysis, option trading strategies, live quotes, market Analysis, real-time news from Dow Jones, market monitor and scanner makes up the bulk of this platforms offering.With this you can trade all segments and exchanges on a single platform.
Web Version: MDirect NEST Plus also available in web version which works on any web browser, no need to install or download anything. The web address for this is www.mdirect.co.in.
MDirect Mobile Tading : The app is available for android and IOS users to for real time feed and to track orders and positions on the go.
MDirect is the discount broker with a little twist since charging as a discount broker but providing research reports and tips as full service broker only lacking behind in tools and technology.
MDirect can be a good bet for beginners in stock market as they provide research and tips at a reasonable rates.
If you like what you have read and want to choose MDirect or any other broker, leave your contact information with us and we will guide you.
Paperless account opening*
e-Aadhar base account opening
Free Delivery trading
Beginner, seasoned investor, active trader or HNI. Get customised solutions.
Free Equity Delivery Trades
Flat 20% discount on online transaction