Compare 3 Brokers

HDFC Securities Vs MDirect: Which one is better?

The brokerage of HDFC Securities Max .05 to .5% per trade while the brokerage of MDirect ranges between Rs 18. HDFC Securities is a Full Service Broker where MDirect is a Discount Broker. HDFC Securities is having overall higher rating compare to MDirect. HDFC Securities is rated 4 out of 5 where MDirect is rated only 3 out of 5.

Here we present side-by-side comparison of HDFC Securities vs MDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Securities vs MDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Compare HDFC Securities vs MDirect on Service

  HDFC Securities Compare
HDFC Securities
MDirect Compare
MDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE BSE,NSE,MCX,NCDEX,MSEI
Broker Overview Runner up in the "Best e-brokerage House" category by Outlook Money, HDFC Securities offers both retail and institutional brokering with 250 branches and more than 1.5 million customers. HDFC securities also serves as a distributor of financial produ... Know more about HDFC Securities 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.
Broker Enquiry Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare HDFC Securities vs MDirect on Trading & Demat Account Opening Charges

In this section we have compared HDFC Securities with MDirect on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Securities charges Rs 999 for account opening where MDirect charges Rs 500 for account opeing. Demat AMC charges - HDFC Securities charges Rs 750 PA (Waived for 1st year) AMC for Demat account where MDirect charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Securities with MDirect
Charges HDFC Securities MDirect
Trading Account Opening Fees Rs 999 Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 750 PA (Waived for 1st year) Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Securities vs MDirect on Plan Options

Plans are the most important feature you look when compare HDFC Securities with MDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - Both the brokers don't have Monthly Plans.

Compare HDFC Securities with MDirect on Plan Options
Plan Types HDFC Securities MDirect
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  HDFC Securities MDirect
Account Opening Request
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Brokerage Charges

Compare HDFC Securities vs MDirect on Brokerage Charges

HDFC Securities Brokerage Plan detail - HDFC Securities have % base brokerage plan, where Minimum brokerage is fix @Rs25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on higher range and Equity Delivery & Future trading is on average brokerage level with compare to other full service brokers.

MDirect Brokerage Plan detail - Flat Rs 18 Per Trader Plan.

Brokerage Charges - Compare HDFC Securities with MDirect
Brokerage Charges Compare HDFC Securities MDirect
Plan Name Online Trading Plan (Percentage Based) Rs 18 Per Order Plan
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 18
Equity Intraday 0.05% or 5 paisa 0.01% or Rs 18 whichever is lower
Equity Futures 0.05% or 5 paisa 0.01% or Rs 18 whichever is lower
Equity Options 0.1% of Premium or Rs 100 per lot whichever is high Flat Fee Rs 18
Currency Futures Rs 23 per lot 0.01% or Rs 18 whichever is lower
Currency Options Rs 20 per lot Flat Fee Rs 18
Commodity Trading NA Flat Fee Rs 18
Minimum Brokerage Rs 25 NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Info Not Available
Brokerage Calculator Brokerage Calculator for HDFC Securities Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for HDFC Securities SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare HDFC Securities vs MDirect on Transaction Charges

Compare HDFC Securities with MDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Securities with MDirect
Transaction Charges Compare HDFC Securities MDirect
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 350 Per Cr
Equity Options Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures Rs 110 Per Cr Rs 215 Per Cr
Currency Options Rs 4000 Per Cr Rs 7000 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-securities Complete Brokerage Plans for mdirect
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Account Features

Compare HDFC Securities vs MDirect on Account Features

Compare HDFC Securities with MDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Securities offers 3-in-1 account where MDirect offers only 2-in-1 account which includes trading and demat account. Algo Trading - MDirect offers Algo Trading where HDFC Securities doesn't offers Algo Trading. Margin Funding - both brokers dont have margin funing facility. NRI Trading - HDFC Securities offers NRI where MDirect doesn't offers NRI Trading.

Account Features - HDFC Securities with MDirect
Account Features Compare HDFC Securities MDirect
3 in 1 Account Yes, HDFC Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15 pm
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare HDFC Securities vs MDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Securities and MDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare HDFC Securities with MDirect
Trading Platform Compare HDFC Securities MDirect
Desktop Trading Platform Blink NSE NOW
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail https://trade.hdfcsec.com/ http://122.179.158.190/sohamrmclient/login.aspx
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC securities Mobile Mdirect
Mobile Trading App Demo HDFC securities Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod HDFC securities Mobile Download Andriod Mdirect Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC securities Mobile Download iOS Mdirect Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Yes, Blink - Rs 3999 PA,ProTerminal -Rs 1999 PA Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Securities Equity Intraday and Delivery Brokerage Calculator for MDirect
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Securities Futures Brokerage Calculator for MDirect
Options Brokerage Calculator Options Brokerage Calculator for HDFC Securities Options Brokerage Calculator for MDirect
Detail Detail on Trading Platforms for hdfc-securities Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare HDFC Securities vs MDirect on User Rating

  HDFC Securities MDirect
  89 Customer Reviews    Rate HDFC Securities Customer Reviews    Rate MDirect
Fees Ratings 2.4
Trading Brokerage Rating 2.2
Trading Platform Usability 3.0
Customer Service Ratings 2.9
Overall Ratings Rated 2.5 stars
Broker Rating HDFC Securities is Rated 2.5 / 5 based on 89 customer reviews
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Investment Offerings

Compare HDFC Securities vs MDirect on Investment Offerings

Compare HDFC Securities with MDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - both brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - MDirect offers trading options in Commodity (MCX) where HDFC Securities doesn't offer. Online Mutual Fund Investment - HDFC Securities offers online mutual fund investment option where MDirect doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Securities with MDirect
Investment Offerings Compare HDFC Securities MDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options Insurance NA
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Order Types

Compare HDFC Securities vs MDirect on Order Types

Order Type - Compare HDFC Securities with MDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - HDFC Securities provide Cover Orders (CO) where MDirect doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - both brokers don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- MDirect offers After market Ordres where HDFC Securities doesn't offers AMO. GTC Orders- HDFC Securities offers Good Till Cancelled (GTC) orders where MDirect doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare HDFC Securities with MDirect
Order Type Compare HDFC Securities MDirect
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes No
Bracket Ordre No No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare HDFC Securities vs MDirect on Margin/Leverage

Comapre HDFC Securities with MDirect on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare HDFC Securities with MDirect
Margin Product Compare HDFC Securities MDirect
Equity Delivery Margin HDFC Securities vs MDirect - Equity Delivery Margin Upto 4x via Margin Funding. Info Not Available
Equity Intraday Margin HDFC Securities vs MDirect - Equity Intraday Margin Upto 3x leverage for equity. Info Not Available
Futures Margin HDFC Securities vs MDirect - Futures Margin Upto 3x leverage for futures. Info Not Available
Options Margin HDFC Securities vs MDirect - Options Margin Upto 3x margin for Options shorting, No leverage for option buying. Info Not Available
Equity CO Margin HDFC Securities vs MDirect - Equity CO Margin Upto 10x margin/leverage in CO order for selected equity scripts. Info Not Available
Futures CO Margin HDFC Securities vs MDirect - Futures CO Margin Upto 4x margin/leverage in CO order. Info Not Available
Options CO Margin HDFC Securities vs MDirect - Options CO Margin Upto 4x margin/leverage in CO order. Info Not Available
Commodity Margin HDFC Securities vs MDirect - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare HDFC Securities vs MDirect on Customer Service

Compare HDFC Securities with MDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare HDFC Securities with MDirect
Customer Service Compare HDFC Securities MDirect
24/7 Customer Service HDFC Securities vs MDirect - 24x7 customer support No Yes
Email Support HDFC Securities vs MDirect - Email Support Yes Yes
Onine Live Chat HDFC Securities vs MDirect - Onine Live Chat Yes Yes
Phone Support HDFC Securities vs MDirect - Phone Support Yes Yes
Toll Free Number HDFC Securities vs MDirect - Toll Free Number No Yes
Through Branches HDFC Securities vs MDirect - Through Branches Yes No
Customer Care Number HDFC Securities vs MDirect - Customer Care Number 91-22-3355336 Info Not Available
Account Opening Process HDFC Securities vs MDirect - Account Opening Process Offline Info Not Available
Customer Support Email HDFC Securities vs MDirect - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education HDFC Securities vs MDirect - Knowledge Center/Education https://www.hdfcsec.com/products/demolisting/ Info Not Available
Head Office Address HDFC Securities vs MDirect - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Info Not Available
Website HDFC Securities vs MDirect - Company Website https://www.hdfcsec.com/ Info Not Available
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Tips/Research/Reports Published

Compare HDFC Securities vs MDirect on Research Reports, Tips

Compare HDFC Securities with MDirect on research reports and tips provided by broker.

Research Reports - Compare HDFC Securities with MDirect
  HDFC Securities MDirect
Research Mutual Funds HDFC Securities vs MDirect - Research Mutual Funds Yes No
Research Equity Reports HDFC Securities vs MDirect - Research Equity Reports Yes Yes
Research ETF HDFC Securities vs MDirect - Research ETF Yes No
Daily Market Report HDFC Securities vs MDirect - Daily Market Report Yes Yes
Free Tips HDFC Securities vs MDirect - Free Tips Yes Yes
Quarterly Result Analysis HDFC Securities vs MDirect - Quarterly Results Yes Yes
News Alerts HDFC Securities vs MDirect - Yes Yes
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Demat Account

Compare HDFC Securities vs MDirect on Demat Account

Compare HDFC Securities with MDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Securities with MDirect
  HDFC Securities MDirect
DP Source CDSL
DP ID HDFC Securities vs MDirect - DP ID 12400 No
Demat Account Annual Maintenance Charges(AMC) For Non BSDA Individual a/c :- Rs.750/- p.a For BSDA Individual a/c :-Nil charges in case holding value 0 to 50,000/- Rs 100/- p.a in case holding value between 50,001 to 2,00,000/- Rs 750/- per annum in case holding value more than 2,00,000/- For Corporate a/c:- Rs.1,500/- p.a
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Stamp duty -Nil
Transaction Charges on Debit (Per ISIN) a)0.04% of the value of txn subj to min Rs.20/-per txn done by EASIEST.For BSDA a/c-It is 0.06%, Min Rs. 40/- b)0.04% of the value of txn subj to Min Rs.25/-per txn done by HDFC secu.For BSDA a/c-It is 0.06%, Min Rs 45/- c)0.04% of the value of txn subj to Min Rs.40/-per txn undertaken by Manual txn.For BSDA a/c-It is 0.06%,Min Rs. 60/- d)For Debt txn 0.04% of the value of txn subj to Min Rs.40/-& Max Rs 5,000/-per txn.For BSDA a/c-It is 0.06%, Min Rs. 60/-& Max Rs 5,000/- (e) If instruction is submitted on the date of execution then 0.25% of the value of txn subj to Min Rs. 25/-per txn
Demat Rs. 5/- per certificate + Rs.35/- per Dematerialisation request submitted
Remat Rs. 30/-per request + CDSL actuals
Pledge Creation NIL
Pledge Creation Confirmation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06%, of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank
Pledge Closure NIL
Pledge Closure Confirmation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank
Pledge Invocation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank (delivery / receipt)
Failed Instruction Charges NIL
Other Charges (a)Mailing charges for non-periodic statements & other communication, Rs. 35/- for inland & Rs. 500/- for foreign address. (b) Rs. 250/- for restoring services if account is suspended for non payment of charges (c) Reissuance of Delivery Instruction Booklet(DIB) - Rs 75/- per Booklet d )Settlement Charges:Rs.250/- p.m for CM Principle account & Unified Settlement account & Rs 500/- p.m for CM Settlement account.

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Special Offers,Advantages,Disadvantages

Compare HDFC Securities vs MDirect on Special Offers and Promotion

Compare HDFC Securities with MDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Securities vs MDirect on Special Offers and Promotion
  HDFC Securities MDirect
Pay In and Pay Out Options HDFC Securities vs MDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time HDFC Securities vs MDirect - Payout Time Instant to HDFC Bank. Info Not Available
Bank Supported and Charges HDFC Securities vs MDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Info Not Available
Likes
  • Unique integrated 3 in 1 account.
  • ENCASH Service where u get sell script amount on same day.
  • Training and education.
  • Portfolio tracker and live market watch.
  • Offers NRI account.

Detail Review...

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

Detail Review...

Dislikes
  • Doesn't offer trading in commodity.
  • Having a saving account with HDFC is must.
  • Minimum brokerage charges.
  • Desktop Terminal "BLINK" is paid service.
  • Paid SMS research call.

Detail Review...

  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

Detail Review...

Special Offers/Promo Get HDFC Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Enquire about HDFC Securities Enquire about MDirect

Last Updated on 2019-07-09T00:45:33+00:00







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