Compare 3 Brokers

Indira Securities Vs Marwadi Group: Which one is better?

The brokerage of Indira Securities ranges between Rs 20 while the brokerage of Marwadi Group ranges between 0.06% to 0.3%. Both the brokers are Full Service brokers. Indira Securities is having overall higher rating compare to Marwadi Group. Indira Securities is rated 4 out of 5 where Marwadi Group is rated only 3.5 out of 5.

Here we present side-by-side comparison of Indira Securities vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Indira Securities vs Marwadi Group'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.

Here we present side-by-side comparison of Indira Securities vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Indira Securities vs Marwadi Group's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Indira Securities vs Marwadi Group on Service

  Indira Securities Compare
Indira Securities
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX,MCX-SX
Active Clients 1,11,764
Broker Overview Indira Securities, one of the best brokerage houses with the cheapest brokerage offering a free Indira Securities 2-in-1 account, highly advanced trading platforms like TradeInsta mobile app, free research and advisory, and excellent customer service... Know more about Indira Securities Marwadi group empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.
Broker Enquiry Open an Online Trading Account with Indira Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Marwadi Group. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Indira Securities vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Indira Securities with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Indira Securities charges Rs 450 PA (2nd Year Onward) AMC for Demat account where Marwadi Group charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Indira Securities with Marwadi Group
Charges Indira Securities Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 450 PA (2nd Year Onward) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs Marwadi Group on Plan Options

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

Compare Indira Securities with Marwadi Group on Plan Options
Plan Types Indira Securities Marwadi Group
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Indira Securities Marwadi Group
Account Opening Request
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Brokerage Charges

Compare Indira Securities vs Marwadi Group on Brokerage Charges

Indira Securities Brokerage Plan detail - IndiraTrade have both the plans for its client, discount brokerage plan is a flat fee of Rs 20 per executed order plan for Equity Cash, Equity F&O, Currency & Commodities.

Marwadi Group Brokerage Plan detail - This is a standard plan by Marwadi Group.This is % based brokerage plan.Brokerage is between .06% to .3%, which is 6 paisa to 30 paisa per 100 rs.

Brokerage Charges - Compare Indira Securities with Marwadi Group
Brokerage Charges Compare Indira Securities Marwadi Group
Plan Name Flat Fee Rs 20 Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 20 0.3% or 30 paisa
Equity Intraday Flat Fee Rs 20 0.03% or 3 paisa
Equity Futures Flat Fee Rs 20 0.03% or 3 paisa
Equity Options Flat Fee Rs 20 Rs 50 Per Lot
Currency Futures Flat Fee Rs 20 0.03% or 3 paisa
Currency Options Flat Fee Rs 20 Rs 30 Per Lot
Commodity Trading Flat Fee Rs 20 0.03% or 3 paisa
Minimum Brokerage NA NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Info Not Available
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for Marwadi Group
SPAN Margin Calculator SPAN Margin Calculator for Indira Securities SPAN Margin Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Indira Securities vs Marwadi Group on Transaction Charges

Compare Indira Securities with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare Indira Securities with Marwadi Group
Transaction Charges Compare Indira Securities Marwadi Group
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 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 120 Per Cr Rs 110 Per Cr
Currency Options Rs 500 Per Cr Rs 4000 Per Cr
Commodity Non-Agri Rs 260| Agri Rs 600 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for indira-securities Complete Brokerage Plans for marwadi-group
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Account Features

Compare Indira Securities vs Marwadi Group on Account Features

Compare Indira Securities with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Indira Securities offers NRI where Marwadi Group doesn't offers NRI Trading.

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

Compare Indira Securities vs Marwadi Group on Trading Platform

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

Trading Platform - Compare Indira Securities with Marwadi Group
Trading Platform Compare Indira Securities Marwadi Group
Desktop Trading Platform ODIN Diet Marwadi ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online https://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TradeInsta MSFL Connect
Mobile Trading App Demo TradeInsta Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TradeInsta Download iOS MSFL Connect 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 Indira Securities Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Indira Securities Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Indira Securities Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for indira-securities Detail on Trading Platforms for marwadi-group
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare Indira Securities vs Marwadi Group on User Rating

  Indira Securities Marwadi Group
  1 Customer Reviews    Rate Indira Securities 2 Customer Reviews    Rate Marwadi Group
Fees Ratings 2.0 2.0
Trading Brokerage Rating 4.0 2.0
Trading Platform Usability 2.0 2.0
Customer Service Ratings 2.0 1.5
Overall Ratings Rated 3.0 stars Rated 2.5 stars
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews Marwadi Group is Rated 2.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Indira Securities vs Marwadi Group on Investment Offerings

Compare Indira Securities with Marwadi Group 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 broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare Indira Securities vs Marwadi Group on Order Types

Order Type - Compare Indira Securities with Marwadi Group on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Indira Securities provide Cover Orders (CO) where Marwadi Group 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) - Indira Securities provide Bracket Orders (BO) where Marwadi Group doesn't offer.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 facilities. The orders are sent to exchange on the next trading day. GTC Orders- Indira Securities offers Good Till Cancelled (GTC) orders where Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Indira Securities with Marwadi Group
Order Type Compare Indira Securities Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare Indira Securities vs Marwadi Group on Margin/Leverage

Compare Indira Securities with Marwadi Group on Exposure/Margin offered by the 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 Indira Securities with Marwadi Group
Margin Product Compare Indira Securities Marwadi Group
Equity Delivery Margin Indira Securities vs Marwadi Group - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Info Not Available
Equity Intraday Margin Indira Securities vs Marwadi Group - Equity Intraday Margin Up to 3x to 10x leverage for equity MIS orders. Up to 10x or 10% subject to Var and ELM.
Futures Margin Indira Securities vs Marwadi Group - Futures Margin Up to 4x leverage for Stocks. 1x means actual SPAN + Exposure.
Options Margin Indira Securities vs Marwadi Group - Options Margin Up to 3x exposure for Options shorting, No leverage for Options Buying. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Indira Securities vs Marwadi Group - Equity CO Margin Info Not Available Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.
Futures CO Margin Indira Securities vs Marwadi Group - Futures CO Margin Info Not Available 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin Indira Securities vs Marwadi Group - Options CO Margin Info Not Available 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin Indira Securities vs Marwadi Group - Commodity Margin Up to 4x leverage for MCX futures. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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Customer Service Offered

Compare Indira Securities vs Marwadi Group on Customer Service

Compare Indira Securities with Marwadi Group on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Indira Securities with Marwadi Group
Customer Service Compare Indira Securities Marwadi Group
24/7 Customer Service Indira Securities vs Marwadi Group - 24x7 customer support Yes No
Email Support Indira Securities vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Indira Securities vs Marwadi Group - Onine Live Chat Yes No
Phone Support Indira Securities vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Indira Securities vs Marwadi Group - Toll Free Number Yes No
Through Branches Indira Securities vs Marwadi Group - Through Branches Yes Yes
Customer Care Number Indira Securities vs Marwadi Group - Customer Care Number 022-66224202,204 Info Not Available
Account Opening Process Indira Securities vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Indira Securities vs Marwadi Group - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Indira Securities vs Marwadi Group - Knowledge Center/Education https://www.inspireeducation.co/ Info Not Available
Head Office Address Indira Securities vs Marwadi Group - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Info Not Available
Website Indira Securities vs Marwadi Group - Company Website https://www.indiratrade.com/ Info Not Available
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Tips/Research/Reports Published

Compare Indira Securities vs Marwadi Group on Research Reports, Tips

Compare Indira Securities with Marwadi Group on research reports and tips provided by the broker.

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

Compare Indira Securities vs Marwadi Group on Demat Account

Compare Indira Securities with Marwadi Group on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Indira Securities with Marwadi Group
  Indira Securities Marwadi Group
DP Source CDSL CDSL
DP ID Indira Securities vs Marwadi Group - DP ID 752000 No
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) ₹250 pa
Advance Deposit Nil NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹20 or 0.02% whichever is higher ₹25
Demat ₹5 per certificate + ₹35 courier charges ₹3 per certificate
Remat ₹50 per RRN ₹25 per certificate
Pledge Creation ₹50 ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹50 ₹20
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹50 or 0.02% whichever is higher ₹25
Failed Instruction Charges ₹25 ₹15
Other Charges Book Charges ₹20,POA Charges ₹130 Nil

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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs Marwadi Group on Special Offers and Promotion

Compare Indira Securities with Marwadi Group on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Indira Securities vs Marwadi Group on Special Offers and Promotion
  Indira Securities Marwadi Group
Pay In and Pay Out Options Indira Securities vs Marwadi Group - Pay In and Pay Out Options

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Info Not Available
Payout Time Indira Securities vs Marwadi Group - Payout Time

Max 24 hrs except bank holidays

Info Not Available
Bank Supported and Charges Indira Securities vs Marwadi Group - Bank Supported and Charges

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Info Not Available
Bank Detail HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Info Not Available
Likes

Detail Review...

Research reports, branch office.

Detail Review...

Dislikes
  • 3-in-1 account is not available with the broker.
  • Clients based in MP and Rajasthan can't access IndiraTrade fixed brokerage plan
  • No NRI provisioning means NRI can't open an account with IndiraTrade.
  • Although BO and CO are available for both the equity and commodity segment but only on the web platform and not available on the TradeInsta mobile app

Detail Review...

No online support, Plans are not available on website, Major presence in Gujarat only.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Enquire about Indira Securities Enquire about Marwadi Group

Last Updated on 2020-12-07T11:46:14+00:00


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