IDBI Capital Review - A Full Service Broker India 2017


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Overall

IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive brokerage plan (flexi gold) for low-cost trading.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why IDBI Direct?

  • Strong market research reports.
  • NRI investment services.
  • Comprehensive technical analysis charting tool.
  • Flexible Brokerage Plan.
  • Multiple Investment offerings like Equity, Derivatives, Mutual Fund, IPO, NCD, Fixed Income Products.
LikesLikes

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

DislikesDislikes

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

Exclusive OfferExclusive Offer

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IDBI Direct Review - 2017

IDBI Capital Market Services Ltd. (IDBI Capital), a wholly owned subsidiary of IDBI Bank Ltd., is a fully integrated financial services provider catering to the needs of retail, institutional and corporate clients.

www.idbipaisabuilder.in is the online retail Broking and investing portal of IDBI Capital launched in January 2006.It offers online trading in Equities, F&O, Mutual Funds and IPOs and has membership in NSE and BSE India.

IDBIpaisabuilder is recently renamed as IDBIDirect with new website url https://www.idbidirect.in

The broker is a 3 in 1 service provider with its IDBI Bank Account , IDBI Demat Account and IDBI trading Account. IDBI Demat Account is a hassle free service to maintain your scrips paperless and online.

You can choose to have bank account with IDBI or you can link any other savings account with your trading account. But to avail 3 in1 account facility, Demat account should be maintained with IDBI Capital.

Customer care at IDBIDirect is found to be satisfactory, although not best of the breed. The broker supports through emails for enquiries, suggestion, information and demat related queries. Toll free no and phone call is available during working hours. Call and trade or approaching Relationship Managers in 13 Branches in India is also an option.

Request call back from IDBI Direct
IDBI Direct with closest competitors
Broker IDBI Direct Zerodha ICICIDirect Sharekhan ProStocks
Service Type Full Service Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage .08 to .5% Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 3 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate IDBI Direct Brokerage Calculator

IDBI Direct Brokerage Charges - 2017

Flexi Gold Brokerage Plan: This is a prepaid brokerage plan where you requires to pay a Subscription fee at the beginning of a specific time period. This Advance Fee is refundable to the extent of the brokerage generated by the client during the Validity Period of the Plan. The plan duration is from 6-12 months. The brokerage can be as low as .05% for equity and .01% for intraday and future if you think your trading volume is high.

Plan / Features FG 500000 FG 100000 FG 50000 FG 25000 FG 10000 FG 5000
Upfront Subscription Rs500000 Rs100000 Rs50000 Rs25000 Rs10000 Rs 5000
Validity 12 months 12 months 12 months 12 months 9 months 6 months
Delivery Brokerage 0.05% 0.10% 0.15% 0.20% 0.30% 0.35%
Square-off Brokerage (Per Leg) 0.01% 0.01% 0.02% 0.03% 0.04% 0.04%
Futures Brokerage (Per Leg) 0.01% 0.01% 0.02% 0.03% 0.04% 0.04%
Options Brokerage (Per Lot per leg) Rs 10 Rs 5 Rs 20 Rs 25 Rs 40 Rs 60

With Flexi - Gold scheme you are entitled to free research calls, transactional sms, mobile trading facility, dedicated Relationship Managers & Call N Trade facility.

The Brokerage for equity ranges from .35% to .05% which falls in low brokerage range as compared to other 3 in 1 brokers like ICICI (.55%) ,HDFC (.50%), SBI CAP (.50%).

Brokerage for future and Intraday trade ranges from .04% to .01% which is again medium to low range when seen with Sharekhan (.1%) Religare (.05%) and almost similar to Edelweiss (.50%-.015%).

Option trade runs at Rs 60 - Rs 10 which is cheaper as compared to other full service brokers like Indiabulls, sharekhan, Religare all charging Rs 100 per lot.

Trading Account opening charges: Free

Trading Account AMC :

Demat Account opening Charges :

Demat Account AMC : Rs 350

For complete brokerage charges and trading plans detail please visit IDBI Direct Brokerage Charges.
IDBI Direct Brokerage Charges - Flexi Gold Brokerage Plan
Brokerage Plan Flexi Gold Brokerage Plan
Flat Fee
Equity Delivery 0.50%
Equity Intraday 0.08%
Equity Futures 0.08%
Equity Options Rs 100 per lot
Currency Futures NA
Currency Options NA
Commodity NA

Contact IDBI Direct

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IDBI Direct Web, Mobile app and Desktop base trading platform - 2017

IDBI Capital provides Web based, terminal based and mobile app based trading platform to its customers.

Power Classic : This is the trading software that can be downloaded for trading in equity shares, mutual fund and IPOs. Its basic features are integrated Bank, demat and Trading account; access to all the reports and live order status.

Powe Streaming Account: It is a web based trading platform of IDBI Direct. It is designed especially for frequent traders. Its rich features gives you easy to use interface, real time streaming quotes, multiple watch list, market depth info, single key function and so on.

Powe Pro Exe: Paisa Pro is an EXE-based desktop software especially designed for active traders. Its main features are real time order tracking, customized market watch, advance alerts, detailed charting tools and indicators.

IDBI Direct Mobile App: The app for smartphones designed by IDBI Capital comes handy when you are on-the-go.Trading and tracking your investment can be done with ease with features like live streaming quotes, real time market orders, track multiple exchanges.

For detail review of mobile app and download please visit IDBI Direct Mobile App.

Product and Services

3 in 1 Account help
Yes
Offer Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
Yes
Automated Trading help
No
Allow AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
Yes
Combined Ledger for Equity and Commodityhelp
No
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
No
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
Yes
Bonds Investment help
Yes
Debt Investment help
Yes
Banking Service help
Yes
Insurance Service help
Yes
SIP Investment help
Yes

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
Yes
Stock Alerts Delivery - Text SMS help
Yes
Virtual Trading help
No
Watch Lists - Streaming Real-time Quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
Yes
iPad App help
Yes
Mobile Trading Site help
No

Customer Service

Phone Support help
Yes
Toll Free Number help
Yes
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
No
24/7 Support help
No

Research and Market Reports

Daily Market Report help
Yes
Free Tips help
Yes
Quarterly Results help
Yes
New Alerts help
Yes
Mutual Funds Research help
Yes
Research Equity Reports help
Yes
ETF Research help
Yes

Final thought about IDBI Direct

While IDBI has a full service package to offer, the Broker still needs to work on customer service, trading platforms and transparency in brokerage and other charges. Then only it can compete with other full service 3 in 1 brokers such as ICICI and HDFC.

On a closing note, IDBI is an average Broker with nice overall offerings but with little catches here and there.

If you like what you have read and want to choose IDBI Direct or any other broker, leave your contact information with us and we will guide you.


IDBI Capital User Reviews

avatar
1. Murli Dhar Sharma  Jun 18, 2016 9:36:05 AM IST Reply
I want to open 3in 1 A/c For Share ,Future ,Option & Currency Trading
.Please Mail me with your plan,My ICICI Direct 3 in 1 Account is running,I want to close icici direct 3 in 1 due to poor service & high Brokerage .

Enquire IDBI Direct Trading Account:

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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

Flat 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



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