MDirect Vs Zerodha

The brokerage of MDirect Max Rs 18 per trade while the brokerage of Zerodha Max Rs 20 per trade. Both the brokers are Discount Brokers. MDirect is having overall lower rating compare to Zerodha.MDirect is rated only 3 out of 5 where Zerodha is rated 4.5 out of 5.

Here we present 1 on 1 comparison of MDirect vs Zerodha share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MDirect vs Zerodha's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare MDirect vs Zerodha - Broker type and exchange supported
  MDirect Logo
MDirect
Zerodha Logo
Zerodha
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE,NSE,MCX,NCDEX,MSEI NSE, BSE, MCX-SX and MCX
Broker 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. With high-class technology, unique trading tools and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active inve...Know more about Zerodha
Broker Enquiry Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs Zerodha - Trading and Demat Account Charges
  MDirect Zerodha
Trading Account Opening Fees MDirect vs Zerodha - Trading Account Opening Fees Rs 500 Rs 200
Trading AMC MDirect vs Zerodha - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs Zerodha - Demat Account Opening Fees Rs 200 Rs 100
Demat AMC MDirect vs Zerodha - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 300 PA
Provide DP Service MDirect vs Zerodha - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare MDirect vs Zerodha - Plan Options
  MDirect Zerodha
Multiple Plans What is this parameter? No No
Monthly Plans MDirect vs Zerodha - Monthly Brokerage Plan No No
Yearly Plans MDirect vs Zerodha - Yearly Brokerage Plan No No
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Contact Broker / Request A Call Back

  MDirect Zerodha
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Zerodha - Brokerage Charges
  MDirect Zerodha
Plan Name MDirect vs Zerodha - Rs 18 Per Trader Plan 20 Rs per executed order
Plan Description MDirect vs Zerodha - Flat Rs 18 Per Trader Plan. 20 Rs flat plan from Zerodha is same for intraday, F&O equity, commodity and currency on NSE,BSE,MCX & MCX-SX. No upfront brokerage or turnover commitments on your trade. 20 Rs is Maximum you need to pay for per executable order, so charges can be less as .01% (intraday equity & futures)  whichever is lower.Now Equity Delivery is Free with Zerodha.
Equity Delivery MDirect vs Zerodha - Cash Delivery Brokerage Flat Fee Rs 18 Free
Equity Intraday MDirect vs Zerodha - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.01% or Rs 20 whichever is lower
Equity Futures MDirect vs Zerodha - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower 0.01% or Rs 20 whichever is lower
Equity Options MDirect vs Zerodha - F&O Segment - Options Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Currency Futures MDirect vs Zerodha - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower 0.01% or Rs 20 whichever is lower
Currency Options MDirect vs Zerodha - Currency Options Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Commodity Trading MDirect vs Zerodha - Commodity Trading Brokerage Flat Fee Rs 18 Flat Fee Rs 20
Minimum Brokerage MDirect vs Zerodha - NIL
Hidden Charges MDirect vs Zerodha - Hidden Charges Info Not Available Info Not Available
Funding MDirect vs Zerodha - Funding Interest Info Not Available Info Not Available
Call & Trade Charges MDirect vs Zerodha - Call & Trade Charges Info Not Available Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for Zerodha
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for Zerodha
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Zerodha - Transaction/Turnover Charges
  MDirect Zerodha
Equity Delivery MDirect vs Zerodha - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs Zerodha - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs Zerodha - Equity Futures Transaction Charges Rs 350 Per Cr Rs 210 Per Cr
Equity Options MDirect vs Zerodha - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5300 Per Cr
Currency Futures MDirect vs Zerodha - Rs 215 Per Cr Rs 135 Per Cr
Currency Options MDirect vs Zerodha - Rs 7000 Per Cr Rs 4400 Per Cr
Commodity MDirect vs Zerodha - Commodity Transaction Charges Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for zerodha
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Trading Features

Compare MDirect vs Zerodha - Trading Feature and platform
  MDirect Zerodha
3 in 1 Account MDirect vs Zerodha - Account Type? No MDirect have 2-in-1 account. Only Demate and Trading account. No MDirect have 2-in-1 account. Only Demate and Trading account.
Charting MDirect vs Zerodha - Advance Charting Yes Yes
Algo Trading MDirect vs Zerodha - Algo Trading Yes Yes
SMS Alerts MDirect vs Zerodha - SMS Alerts Yes No
Online Demo MDirect vs Zerodha - Online Demo Yes Yes
Online Portfolio MDirect vs Zerodha - Portfolio Service No Yes
Margin Trading Funding Available MDirect vs Zerodha - Margin Funding No No
Combined Ledger for Equity and Commodity MDirect vs Zerodha - Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time MDirect vs Zerodha - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs Zerodha - NRI Trading No Yes
Other Features MDirect vs Zerodha -
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Trading Platform

Compare MDirect vs Zerodha - Trading Platform
  MDirect Zerodha
Desktop Trading Platform MDirect vs Zerodha - Trading terminal NSE NOW Zerodha PI
Desktop Demo MDirect vs Zerodha - Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) MDirect vs Zerodha - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs Zerodha - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs Zerodha - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs Zerodha - Trading Website http://122.179.158.190/sohamrmclient/login.aspx https://kite.zerodha.com/
Web Trading Demo MDirect vs Zerodha - Web Trading Demo Info Not Available Web Trading Demo
Mobile Site MDirect vs Zerodha - Trading Site for Mobile Yes Yes
Mobile Trading MDirect vs Zerodha - Mobile App Yes Yes
Mobile Trading App MDirect vs Zerodha - Name Of Mobile App Mdirect Zerodha Kite
Mobile Trading App Demo MDirect vs Zerodha - Name Of Mobile App Info Not Available Zerodha Kite Demo
Android Mobile App MDirect vs Zerodha - Android Mobile App Yes Yes
Android App Download MDirect vs Zerodha - Mobile App Download Andriod Mdirect Download Andriod Zerodha Kite Download
iPhone Mobile App (IOS) MDirect vs Zerodha - Yes Yes
iOS App Download MDirect vs Zerodha - Mobile App Download iOS Mdirect Download iOS Zerodha Kite Download
Android Tablet App MDirect vs Zerodha - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs Zerodha - Yes Yes
Trading Software Charges MDirect vs Zerodha - Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MDirect Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare MDirect vs Zerodha - Rating
  MDirect Zerodha
  Customer Reviews    Rate MDirect 149 Customer Reviews    Rate Zerodha
Fees Ratings 4.1
Trading Brokerage Rating 4.5
Trading Platform Usability 3.8
Customer Service Ratings 3.9
Overall Ratings Rated 4.0 stars
Broker Rating Zerodha is Rated 4.0 / 5 based on 149 customer reviews
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Investment Services

Compare MDirect vs Zerodha - Investment Options
  MDirect Zerodha
Equity Cash and F&O MDirect vs Zerodha - Equity and Equity derivatives Yes Yes
Currency Deravitives MDirect vs Zerodha - Currency Trading Yes Yes
Commodity MDirect vs Zerodha - Commodity Trading Yes Yes
Online IPO Application MDirect vs Zerodha - Online IPO Investment No No
Mutual Funds MDirect vs Zerodha - Online Mutual Funds Investment No Yes
Bond / NCD MDirect vs Zerodha - Bonds and NCD No No
ETF MDirect vs Zerodha - ETF Yes Yes
Banking MDirect vs Zerodha - Banking Service No No
Insurance MDirect vs Zerodha - Insurance Service No No
Forex MDirect vs Zerodha - Forex Trading No No
MF SIP Investment MDirect vs Zerodha - Mutual Fund SIP No No
Equity SIP Investment MDirect vs Zerodha - Equity SIP No No
PMS Service MDirect vs Zerodha - Portfolio Management Services (PMS) No No
Algo Trading MDirect vs Zerodha - Algo Trading No Yes
Other Investment Options MDirect vs Zerodha - NA
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Order Types

Compare MDirect vs Zerodha - Order Types
  MDirect Zerodha
CNC Ordre MDirect vs Zerodha - CNC Order Yes Yes
MIS Ordre MDirect vs Zerodha - MIS Order Yes Yes
NRML Ordre MDirect vs Zerodha - NRML Order Yes Yes
Cover Ordre MDirect vs Zerodha - Cover Order No Yes
Bracket Ordre MDirect vs Zerodha - Bracket Order No Yes
AMO-After Market Orders MDirect vs Zerodha - After market Orders Yes Yes
GTC-Good Till Cancelled MDirect vs Zerodha - GTC Orders No Yes
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Margin/Leverage

Compare MDirect vs Zerodha - Margin/Leverage
  MDirect Zerodha
Equity Delivery Margin MDirect vs Zerodha - Equity Delivery Margin Info Not Available No, Zerodha dont provide any margin/leverage for delivery/carry forward positions.
Equity Intraday Margin MDirect vs Zerodha - Equity Intraday Margin Info Not Available Upto 10x margin for intraday leverage for equity.
Futures Margin MDirect vs Zerodha - Futures Margin Info Not Available Upto 2x leverage for futures
Options Margin MDirect vs Zerodha - Options Margin Info Not Available Upto 2x margin for Options shorting, No leverage for option buying
Equity CO Margin MDirect vs Zerodha - Equity CO Margin Info Not Available Upto 20.8x margin/leverage in CO order for selected equity scripts.
Futures CO Margin MDirect vs Zerodha - Futures CO Margin Info Not Available Upto 33x margin/leverage in CO order for Futures contracts.
Options CO Margin MDirect vs Zerodha - Options CO Margin Info Not Available Upto 20x margin/leverage in CO order for options Contracts Sell only.Buying is enable for NIFTY only.
Commodity Margin MDirect vs Zerodha - Commodity Margin Info Not Available Upto 2x MIS Margin of SPAN, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare MDirect vs Zerodha - Customer Service Offerance
  MDirect Zerodha
24/7 Customer Service MDirect vs Zerodha - 24x7 customer support Yes No
Email Support MDirect vs Zerodha - Email Support Yes Yes
Onine Live Chat MDirect vs Zerodha - Onine Live Chat Yes No
Phone Support MDirect vs Zerodha - Phone Support Yes Yes
Toll Free Number MDirect vs Zerodha - Toll Free Number Yes No
Through Branches MDirect vs Zerodha - Through Branches No Yes
Customer Care Number MDirect vs Zerodha - Customer Care Number Info Not Available "+ 91 80 4040 2020"
Account Opening Process MDirect vs Zerodha - Account Opening Process Info Not Available paperless
Customer Support Email MDirect vs Zerodha - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MDirect vs Zerodha - Knowledge Center/Education Info Not Available https://support.zerodha.com/
Head Office Address MDirect vs Zerodha - Head Office Address/Corporate Address Info Not Available Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website MDirect vs Zerodha - Company Website Info Not Available www.zerodha.com
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Tips/Research/Reports Published

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

Compare MDirect vs Zerodha - Demat Account
  MDirect Zerodha
DP Source CDSL
DP ID MDirect vs Zerodha - DP ID No 81600
Demat Account Annual Maintenance Charges(AMC) 300 - Individual 1000 - Non Individual
Advance Deposit Nil
Statutory charges Rs.50/- (POA Charges)
Transaction Charges on Debit (Per ISIN) On market: Rs.8+5.5 (CDSL charges) Off market: 0.03% of Rs.25 whichever is higher
Demat 150 per certificate + Rs.100 courier charges
Remat 150 per certificate + Rs.150 courier charges + CDSL charges
Pledge Creation Rs.20 + Rs.12 per request (CDSL charges)
Pledge Creation Confirmation Nil
Pledge Closure Rs.20 + Rs.12 per request (CDSL charges)
Pledge Closure Confirmation Nil
Pledge Invocation Rs.20
Failed Instruction Charges Rs.50 per instruction
Other Charges Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Zerodha - Special Offers and Promotion
  MDirect Zerodha
Pay In and Pay Out Options MDirect vs Zerodha - Pay In and Pay Out Options Info Not Available pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MDirect vs Zerodha - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges MDirect vs Zerodha - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail Info Not Available HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Likes
  • 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.

More Advantages...

  • Strong customer support.
  • User-friendly Brokerage and margin calculators.
  • Free,online,open to all education module covering all the topics related to trading called Varsity.
  • Active trading forum called trading q&a.
  • Online account opening linked with your AAdhar card.

More Advantages...

Dislikes
  • 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

More Disadvantages...

  • Doesn't have monthly plans.
  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
  • More Disadvantages...

Special Offers/Promo

Special offer for TopShareBrokers.com Visitors
Take part in Zerodha 60 day challenge and get brokerage reversal* upto Rs 6000.Submit your contact information with us and Zerodha representatives will connect with you.

Enquire about MDirect Enquire about Zerodha

Free Direct Mutual Fund Investment

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