MDirect Brokerage Charges - Rs 18 Per Order Plan - 2019


Last Updated - 2018-12-04

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MDirect Brokerage Charges, AMC and Trading Charges 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

Here we are going to cover end to end charges for Equity Delivery, Equity Intraday, F&O, Currency derivatives, Commodity and Trading & Demat account opening charges + AMCs. In case of multiple plan we are proposing multiple plan in plan section.

MDirect Trading Account Opening Charges/AMC

Trading Account opening is one time fee that MDirect charge while initiate your account opening process. Trading AMC(Annual maintenance Charges) is an annual fee charges by MDirect to maintain your account. This is the annual charges and deduct from your account even if you haven't trade for a year.

    MDirect Trading account opening charges & AMC
    TransactionDurationFee
    1.Trading Account Opening ChargesOne TimeRs 500
    2.Trading Annual Maintenance Charges(AMC)Yearly FeeFree

MDirect Brokerage Plan - 2019

    Plan#1: MDirect Brokerage Charges - Rs 18 Per Order Plan

    Flat Rs 18 Per Trader Plan.

      MDirect Brokerage Charges - Rs 18 Per Order Plan - 2019
      TypeValue
      Plan NameRs 18 Per Order Plan
      Flat FeeNA
      Equity DeliveryFlat Fee Rs 18
      Equity Intraday0.01% or Rs 18 whichever is lower
      Equity Futures0.01% or Rs 18 whichever is lower
      Equity OptionsFlat Fee Rs 18
      Currency Futures0.01% or Rs 18 whichever is lower
      Currency OptionsFlat Fee Rs 18
      CommodityFlat Fee Rs 18

    Please refer our unique and accurate MDirect Brokerage Calculator

MDirect Equity Trading Charges

    MDirect Equity Trading Charges is the total trading cost that a client has to bear for trading in equity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities Transaction Charges, GST, Stamp Duty and SEBI Charges. There is difference in Equity Delivery, Equity Intraday, Equity Futures & Equity Options trading cost. Please refer the details below:

      MDirect Equity Trading Charges - 2019
      TypeEquity DeliveryEquity Intraday
      BrokerageFlat Fee Rs 180.01% or Rs 18 whichever is lower
      Transaction ChargesRs 325 Per CrRs 325 Per Cr
      GST18% on the Brokerage and Transaction charges18% on the Brokerage and Transaction charges
      SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
      STT0.01% on Both Side(Buy and Sell)0.025% on Sell
      Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
      Brokerage CalculatorEquity Delivery Brokerage CalculatorEquity Intraday Brokerage Calculator

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MDirect Equity F&O Trading Charges

    MDirect Equity Derivatives Trading Charges - 2019
    TypeEquity FuturesEquity Options
    Brokerage0.01% or Rs 18 whichever is lowerFlat Fee Rs 18
    Transaction ChargesRs 350 Per CrRs 8000 Per Cr
    GST18% on the Brokerage and Transaction charges18% on the Brokerage and Transaction charges
    SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
    STT0.01% on Sell0.017% on Sell
    Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State
    Brokerage CalculatorEquity Futures Brokerage CalculatorEquity Options Brokerage Calculator
    SPAN Margin CalculatorEquity Futures SPAN MarginEquity Options SPAN Margin

MDirect Currency Trading Charges

    MDirect Currency Trading Charges is the total trading cost that a client has to bear for trading in Currency. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities Transaction Charges, GST, Stamp Duty and SEBI Charges. There is differance in Currency Futures & Currency Options trading cost with MDirect. Please refer the details below:

      MDirect Currency Trading Charges - 2019
      TypeCurrency FuturesCurrency Options
      Brokerage0.01% or Rs 18 whichever is lowerFlat Fee Rs 18
      Transaction ChargesRs 215 Per CrRs 7000 Per Cr
      GST18% on the Brokerage and Transaction charges18% on the Brokerage and Transaction charges
      SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
      STTNo STTNo STT
      Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Commodity Trading Charges

    MDirect Commodity Trading Charges is the total trading cost that a client has to bear for trading in Commodity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, CTT or Securities Transaction Charges, GST, Stamp Duty and SEBI Charges.

      MDirect Commdity Trading Charges - 2019
      TypeCommdity
      BrokerageFlat Fee Rs 18
      Transaction ChargesNon-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
      GST18% on the Brokerage and Transaction charges
      SEBI Turnover Charges15 Rs/Crore
      STT/CTT0.01% on Sell
      Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Demat Charges

    Demat Account opening is the one time fee that MDirect charge while initiate your demat account opening process. If you already have a demat account, then it can be linked with your trading account. Please check more details with MDirect's representative. Demat AMC (Annual maintenance Charges) is an annual fee charges by MDirect to maintain your demat account.

      MDirect Demat Detail Charges - 2019
      TypeDetails
      1.DP Source
      2.Demat Account Opening ChargesRs 200
      3.Demat Account Annual Maintenance Charges(AMC)
      4.Statutory Charges (Stamp Charges payable upfront)
      5.Advance Deposit
      6.Transaction Charges per ISIN (Market Trades)
      Buy (Receive)Rs 0
      Sell (Debit)
      7.Demat & Remat Charges
      Demat
      Remat
      8.Pledge Charges
      Pledge Creation per ISIN
      Pledge Creation Confirmation per ISIN
      Pledge Closure per ISIN
      Pledge Closure Confirmation per ISIN
      Pledge Invocation per ISIN
      9.Failed Instruction Charges
      10.Other Charges Demat

In this section we have covered MDirect demat account, MDirect demat account opening charges, MDirect demat charges, MDirect demat account opening, MDirect demat account review and MDirect Demat AMC charges.

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.

FAQs

    Discount Broker - Fixed Brokerage Per transaction.

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

    Equity (Delivery, Intraday, Future and Options), Commodity, Currency.

    MDirect charges Rs 500 to open an account.

    Trading Account AMC Charges with MDirect is Free.

    Demat Account Opening Charges with MDirect is Rs 200.

    Demat AMC with MDirect is Rs 400 PA (Waived for 1st year).

    No, MDirect doesn't have monthly plans.

    No, MDirect doesn't have yearly plans.

    No, the company doesn't have minimum brokerage charges.

    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

Please refer our unique and accurate MDirect Brokerage Calculator

    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

Request call back from MDirect

    No, Online IPO investment in not possible with MDirect. You need to use ASBA.

    No, you can't invest in Mutual Funds with MDirect.

    No, you cannot trade in bonds and NCDs with MDirect.

One on One Comparison of MDirect with popular brokers in India

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    No, 3-in-1 account 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 for 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.

    3:15 pm

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