Compare 3 Brokers

ICICIDirect Vs MDirect: Which one is better?

The brokerage of ICICIDirect Max 0.05 to .55% per trade while the brokerage of MDirect ranges between Rs 18. ICICIDirect is a Full Service Broker where MDirect is a Discount Broker. ICICIDirect is having overall higher rating compare to MDirect. ICICIDirect is rated 4 out of 5 where MDirect is rated only 3 out of 5.

Here we present side-by-side comparison of ICICIDirect 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 ICICIDirect 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 ICICIDirect vs MDirect on Service

  ICICIDirect Compare
ICICIDirect
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 ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICIDirect 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 ICICIDirect. 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 ICICIDirect vs MDirect on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect with MDirect on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where MDirect charges Rs 500 for account opeing. Demat AMC charges - ICICIDirect charges Rs 600 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 ICICIDirect with MDirect
Charges ICICIDirect MDirect
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 600 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 ICICIDirect vs MDirect on Plan Options

Plans are the most important feature you look when compare ICICIDirect with MDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect provide Multiple Plans where MDirect doesn't offer Monthlay Plans - Both the brokers don't have Monthly Plans.

Compare ICICIDirect with MDirect on Plan Options
Plan Types ICICIDirect MDirect
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  ICICIDirect MDirect
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs MDirect on Brokerage Charges

ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.

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

Brokerage Charges - Compare ICICIDirect with MDirect
Brokerage Charges Compare ICICIDirect MDirect
Plan Name I-Secure Trading Plan (Percentage Based) Rs 18 Per Order Plan
Equity Delivery 0.55% or 55 paisa Flat Fee Rs 18
Equity Intraday 0.03% or 3 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 Rs 95 Per Lot Flat Fee Rs 18
Currency Futures 0.05% or 5 paisa 0.01% or Rs 18 whichever is lower
Currency Options Rs 25 Per Lot Flat Fee Rs 18
Commodity Trading NA Flat Fee Rs 18
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. Info Not Available
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for ICICIDirect SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare ICICIDirect vs MDirect on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with MDirect
Transaction Charges Compare ICICIDirect 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 100 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 icicidirect Complete Brokerage Plans for mdirect
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Account Features

Compare ICICIDirect vs MDirect on Account Features

Compare ICICIDirect with MDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect 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 ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers margin funding where MDirect doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where MDirect doesn't offers NRI Trading.

Account Features - ICICIDirect with MDirect
Account Features Compare ICICIDirect MDirect
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 Yes 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 ICICIDirect vs MDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect 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 ICICIDirect with MDirect
Trading Platform Compare ICICIDirect MDirect
Desktop Trading Platform Trade Racer NSE NOW
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes Yes
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.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 ICICI direct Mobile Mdirect
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Mdirect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Mdirect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for MDirect
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for MDirect
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for MDirect
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare ICICIDirect vs MDirect on User Rating

  ICICIDirect MDirect
  264 Customer Reviews    Rate ICICIDirect Customer Reviews    Rate MDirect
Fees Ratings 2.4
Trading Brokerage Rating 1.8
Trading Platform Usability 3.3
Customer Service Ratings 2.8
Overall Ratings Rated 2.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews
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Investment Offerings

Compare ICICIDirect vs MDirect on Investment Offerings

Compare ICICIDirect 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 ICICIDirect doesn't offer. Online Mutual Fund Investment - ICICIDirect offers online mutual fund investment option where MDirect doesn't offer. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where MDirect doesn't offer

Investment Offerings - Compare ICICIDirect with MDirect
Investment Offerings Compare ICICIDirect 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 Yes No
Other Investment Options NIL NA
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Order Types

Compare ICICIDirect vs MDirect on Order Types

Order Type - Compare ICICIDirect 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) - ICICIDirect 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)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where MDirect doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with MDirect
Order Type Compare ICICIDirect 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 Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare ICICIDirect vs MDirect on Margin/Leverage

Comapre ICICIDirect 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 ICICIDirect with MDirect
Margin Product Compare ICICIDirect MDirect
Equity Delivery Margin ICICIDirect vs MDirect - Equity Delivery Margin No Delivery margin. Info Not Available
Equity Intraday Margin ICICIDirect vs MDirect - Equity Intraday Margin Upto 5x leverage for equity. Info Not Available
Futures Margin ICICIDirect vs MDirect - Futures Margin Upto 2x leverage for futures. Info Not Available
Options Margin ICICIDirect vs MDirect - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Info Not Available
Equity CO Margin ICICIDirect vs MDirect - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. Info Not Available
Futures CO Margin ICICIDirect vs MDirect - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Info Not Available
Options CO Margin ICICIDirect vs MDirect - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. Info Not Available
Commodity Margin ICICIDirect vs MDirect - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare ICICIDirect vs MDirect on Customer Service

Compare ICICIDirect 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 ICICIDirect with MDirect
Customer Service Compare ICICIDirect MDirect
24/7 Customer Service ICICIDirect vs MDirect - 24x7 customer support No Yes
Email Support ICICIDirect vs MDirect - Email Support Yes Yes
Onine Live Chat ICICIDirect vs MDirect - Onine Live Chat No Yes
Phone Support ICICIDirect vs MDirect - Phone Support Yes Yes
Toll Free Number ICICIDirect vs MDirect - Toll Free Number No Yes
Through Branches ICICIDirect vs MDirect - Through Branches Yes No
Customer Care Number ICICIDirect vs MDirect - Customer Care Number 33551122 Info Not Available
Account Opening Process ICICIDirect vs MDirect - Account Opening Process Offline Info Not Available
Customer Support Email ICICIDirect vs MDirect - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education ICICIDirect vs MDirect - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp Info Not Available
Head Office Address ICICIDirect vs MDirect - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Info Not Available
Website ICICIDirect vs MDirect - Company Website https://www.icicidirect.com Info Not Available
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Tips/Research/Reports Published

Compare ICICIDirect vs MDirect on Research Reports, Tips

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

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

Compare ICICIDirect vs MDirect on Demat Account

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

Demat Charges - Compare ICICIDirect with MDirect
  ICICIDirect MDirect
DP Source CDSL
DP ID ICICIDirect vs MDirect - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a.
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account
Statutory charges Stamp Duty at actuals
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-)
Demat Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates
Remat Rs. 30 + CDSL actuals
Pledge Creation 0.03 % or minimum of Rs. 50/-
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/-
Pledge Closure 0.03 % or minimum of Rs. 50/-
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/-
Pledge Invocation 0.03 % or minimum of Rs. 50/-
Failed Instruction Charges Rejection/Fails Rs.30/-
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges.

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs MDirect on Special Offers and Promotion

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

Compare ICICIDirect vs MDirect on Special Offers and Promotion
  ICICIDirect MDirect
Pay In and Pay Out Options ICICIDirect vs MDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time ICICIDirect vs MDirect - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs MDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

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
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

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 ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Enquire about ICICIDirect Enquire about MDirect

Last Updated on 2019-07-08T23:24:28+00:00







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