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Why MDirect? Know broker in detail & FAQ

MDirect LogoMDirect Broker QnA (Frequently Asked Questions) and 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.

Special Offer: First 5 orders Free, First year DP AMC Free, Free research

Frequently Asked Questions about MDirect Trading plans and Account opening

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.

  1. MDirect falls in which Broker Category?

    Discount Broker - Fixed Brokerage Per transaction

  2. Which Stock Exchanges I can trade on with MDirect?

    MDirect support trading at - BSE,NSE,MCX,NCDEX,MSEI.

  3. Which all segments I can trade in with MDirect?

    Equity (Delivery,Intraday,Future and Option),Commodity,Currency

  4. What is the Trading Account Opening Charges with MDirect?

    MDirect charges Rs 500 to open account.

  5. How much is the Trading Account AMC with MDirect?


  6. What is the Demat Account Opening Charges with MDirect ?

    Rs 200

  7. How much is the Demat AMC with MDirect?

    Rs 400 PA (Waived for 1st year)

  8. Is Demat Account Mandatory with trading account at MDirect?

    Yes, Demat Account is mandatory when opening trading account with MDirect.

  9. Is there any monthly plans available with MDirect?

    No,MDirect don't have monthly plans.

  10. Is there any yearly plans available with MDirect?

    No,MDirect don't have yearly plans.

  11. Is there any minimum Brokerage to trade with MDirect?


  12. What are the Brokerage Charges with MDirect's per segment?

    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

  13. Please refer unique and accurate MDirect Brokerage Calculator

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  14. What are the Transaction Charges with MDirect's per segment?

    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

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  16. Does MDirect offers IPO investment?

    No; you can't invest in IPO's with MDirect.

  17. Does MDirect offer Mutual Funds investment?

    No; you can't invest in Mutual Fund's with MDirect.

  18. Can I buy or trade Bonds and NCD's with MDirect?

    No; you cannot trade in bonds and NCD's with MDirect.

  19. One on One Comparison of MDirect with popular brokers in India

    Comparison of All Brokers

  20. Can I open 3-in-1 account with MDirect? Account which include share trading account, demat account and a linked bank account for seamless transitions.

    No; 3 in 1 accounts is not available with MDirect.

  21. Does MDirect offer automated trading (algorithmic trading) for retail investors in India?

    Yes; MDirect offer automated trading to its retail trading customers.

  22. Does MDirect offer After Trading Hours Order or After Market Order (AMO) or Off Market Orders? Can I place orders after trading hours; the orders which gets executed when market opens next time? Can I place an order when the market is closed?

    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.

  23. Can I place Good Till Cancelled (GTC) orders though MDirect? With Good Till Cancelled trading orders; order remains in the system until you cancels it or they gets executed.

    No; you can't place GTC Orders with MDirect.

  24. Does MDirect offer Margin Funding for share / commodity trading?

    No; Margin funding is not available when trading with MDirect.

  25. Does MDirect back-office provide combined ledger for Equity and Commodity?

    No; combined ledger for Equity and Commodity is not available when trading with MDirect.

  26. What is the Intraday Square-off Time for Intraday Trading in Equity segment at MDirect?

    3:15 pm

  27. Is there any 24*7 customer support available for MDirect?

    Yes; MDirect provide 24x7 customer service.

  28. Does MDirect provide customer support though live Chat on website?

    Yes; MDirect provide customer service through Chat service online.

  29. Is there any toll free number for customer support with MDirect?

    Yes; MDirect provide toll free number for customer support.

  30. Does MDirect offer customer service through local branch offices?

    No; MDirect doesn't offers customer service through local branch offices, local partners or franchises.

  31. Does MDirect publish Daily Market Research Reports?


  32. Does MDirect provide any Stock/Commodity trading tips or investment strategies to its customers?

    Yes' MDirect provide free tips for stock and commodity trading to its customers.

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