MDirect Broker QnA (Frequently Asked Questions) - Get answer of all basic question on trading plan, account opening process, fees, charges, trading tool, performance and customer care.
Discount Broker - Fixed Brokerage Per transaction
MDirect support trading at - BSE,NSE,MCX,NCDEX,MSEI.
Equity (Delivery,Intraday,Future and Option),Commodity,Currency
MDirect charges Rs 500 to open account.
Rs 400 PA (Waived for 1st year)
Yes, Demat Account is mandatory when opening trading account with MDirect.
No,MDirect don't have monthly plans.
No,MDirect don't have yearly plans.
Equity Delivery - Flat Fee Rs 18
Equity Intraday - 0.01% or Rs 18 whichever is lower
Equity Future - 0.01% or Rs 18 whichever is lower
Equity Option - Flat Fee Rs 18
Commodity - Flat Fee Rs 18
Currency Derivatives (Future) - 0.01% or Rs 18 whichever is lower
Currency Derivatives (Option) - Flat Fee Rs 18
Equity Delivery - Rs 325 Per Cr
Equity Intraday - Rs 325 Per Cr
Equity Future - Rs 350 Per Cr
Equity Option - Rs 8000 Per Cr
Commodity - Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Currency Derivatives (Future) - Rs 215 Per Cr
Currency Derivatives (Option) - Rs 7000 Per Cr
No; you can't invest in IPO's with MDirect.
No; you can't invest in Mutual Fund's with MDirect.
No; you cannot trade in bonds and NCD's with MDirect.
No; 3 in 1 accounts is not available with MDirect.
Yes; MDirect offer automated trading to its retail trading customers.
Yes; you can place 'After Trading Hours' Order with MDirect. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allows to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on non trading day (weekends or trading holidays).
Note: After hour facility for order placement may not be available certain segments. Please check with the broker for more detail about this service.
No; you can't place GTC Orders with MDirect.
No; Margin funding is not available when trading with MDirect.
No; combined ledger for Equity and Commodity is not available when trading with MDirect.
Yes; MDirect provide 24x7 customer service.
Yes; MDirect provide customer service through Chat service online.
Yes; MDirect provide toll free number for customer support.
No; MDirect doesn't offers customer service through local branch offices, local partners or franchises.
Yes' MDirect provide free tips for stock and commodity trading to its customers.