Compare 3 Brokers

SAS Online Vs MDirect: Which one is better?

The brokerage of SAS Online Max Rs 9 or 999 PM per trade while the brokerage of MDirect Max Rs 18 per trade. Both the brokers are Discount Brokers. SAS Online is having overall higher rating compare to MDirect. SAS Online is rated 4 out of 5 where MDirect is rated only 3 out of 5.

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

  SAS Online Compare
SAS Online
MDirect Compare
MDirect
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? NSE, BSE and MCX BSE,NSE,MCX,NCDEX,MSEI
Broker Overview SAS online delivers with ultra-competitive brokerage for Indian traders and an easy-to-use platform. They are, by far the cheapest share broker. 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 SAS Online. 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 SAS Online vs MDirect on Trading & Demat Account Opening Charges

In this section we have compared SAS Online with MDirect on trading & demat account opening charges and AMC. Trading account opening charges - SAS Online charges Rs 200 for account opening where MDirect charges Rs 500 for account opeing. Demat AMC charges - SAS Online offer Free AMC for Demat account where MDirect charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

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

Compare SAS Online vs MDirect on Plan Options

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

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

Account Opening

  SAS Online MDirect
Account Opening Request
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Brokerage Charges

Compare SAS Online vs MDirect on Brokerage Charges

SAS Online Brokerage Plan detail - Rs 9 Per executable plan is good for all type of investors.For Equity intraday 0.01% or Rs 9 whichever is lower and for delivery 0.1% or Rs 9 whichever is lower with upto 20X leverage in Equity cash and 5X leverage on NFO & MCX.Margin against your shares.

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

Brokerage Charges - Compare SAS Online with MDirect
Brokerage Charges Compare SAS Online MDirect
Plan Name Max Rs 9 Per Order Trading Plan Rs 18 Per Order Plan
Equity Delivery 0.1% or Rs 9 whichever is lower Flat Fee Rs 18
Equity Intraday 0.01% or Rs 9 whichever is lower 0.01% or Rs 18 whichever is lower
Equity Futures 0.01% or Rs 9 whichever is lower 0.01% or Rs 18 whichever is lower
Equity Options Flat Fee Rs 9 Flat Fee Rs 18
Currency Futures 0.01% or Rs 9 whichever is lower 0.01% or Rs 18 whichever is lower
Currency Options Flat Fee Rs 9 Flat Fee Rs 18
Commodity Trading Flat Fee Rs 9 Flat Fee Rs 18
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 20 per executed Order Info Not Available
Brokerage Calculator Brokerage Calculator for SAS Online Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for SAS Online SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare SAS Online vs MDirect on Transaction Charges

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

Transaction Charges - Compare SAS Online with MDirect
Transaction Charges Compare SAS Online MDirect
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 250 Per Cr Rs 350 Per Cr
Equity Options Rs 6500 Per Cr Rs 8000 Per Cr
Currency Futures Rs 165 Per Cr Rs 215 Per Cr
Currency Options Rs 6000 Per Cr Rs 7000 Per Cr
Commodity 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 sasonline Complete Brokerage Plans for mdirect
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Account Features

Compare SAS Online vs MDirect on Account Features

Compare SAS Online with MDirect 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 tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - both brokers dont have margin funing facility. NRI Trading - both doesn't offer NRI Trading facility.

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

Compare SAS Online vs MDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SAS Online 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 SAS Online with MDirect
Trading Platform Compare SAS Online MDirect
Desktop Trading Platform Alpha Trader 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://alpha.sasonline.in/ 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 Alpha Mobile Mdirect
Mobile Trading App Demo Alpha Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Alpha Mobile Download Andriod Mdirect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Alpha 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 SAS Online Equity Intraday and Delivery Brokerage Calculator for MDirect
Futures Brokerage Calculator Futures Brokerage Calculator for SAS Online Futures Brokerage Calculator for MDirect
Options Brokerage Calculator Options Brokerage Calculator for SAS Online Options Brokerage Calculator for MDirect
Detail Detail on Trading Platforms for sasonline Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare SAS Online vs MDirect on User Rating

  SAS Online MDirect
  10 Customer Reviews    Rate SAS Online Customer Reviews    Rate MDirect
Fees Ratings 3.7
Trading Brokerage Rating 4.7
Trading Platform Usability 3.9
Customer Service Ratings 4.4
Overall Ratings Rated 4.5 stars
Broker Rating SAS Online is Rated 4.5 / 5 based on 10 customer reviews
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Investment Offerings

Compare SAS Online vs MDirect on Investment Offerings

Compare SAS Online 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 - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - both brokers don't offer online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare SAS Online vs MDirect on Order Types

Order Type - Compare SAS Online 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) - SAS Online 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) - SAS Online provide Bracket Orders (BO) where MDirect 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 facility. The orders are send to exchange on the next trading day. GTC Orders- both brokers doesn't support Good Till Cancelled (GTC) orders.

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

Compare SAS Online vs MDirect on Margin/Leverage

Comapre SAS Online 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 SAS Online with MDirect
Margin Product Compare SAS Online MDirect
Equity Delivery Margin SAS Online vs MDirect - Equity Delivery Margin Up to 1x Margin on Equity Delivery, Equity Plus - Up to 4x Margin. Info Not Available
Equity Intraday Margin SAS Online vs MDirect - Equity Intraday Margin Up to 8x leverage for NSE,BSE Cash on F&O Stocks. Info Not Available
Futures Margin SAS Online vs MDirect - Futures Margin Up to 2x leverage for equity futures intraday (MIS). Info Not Available
Options Margin SAS Online vs MDirect - Options Margin 2x leverage on options selling, No leverage on options buying (MIS Orders). Info Not Available
Equity CO Margin SAS Online vs MDirect - Equity CO Margin Up to 20x leverage for on F&O Stocks. Info Not Available
Futures CO Margin SAS Online vs MDirect - Futures CO Margin Up to 5x leverage for all Index and on Stock futures. Info Not Available
Options CO Margin SAS Online vs MDirect - Options CO Margin Up to 5x leverage for options selling, 2x on Options Buying for BO. Info Not Available
Commodity Margin SAS Online vs MDirect - Commodity Margin 2x leverage for all the futures contract, 5x for CO/BO, No Margin for NRML Orders. Info Not Available
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Customer Service Offered

Compare SAS Online vs MDirect on Customer Service

Compare SAS Online 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 SAS Online with MDirect
Customer Service Compare SAS Online MDirect
24/7 Customer Service SAS Online vs MDirect - 24x7 customer support No Yes
Email Support SAS Online vs MDirect - Email Support Yes Yes
Onine Live Chat SAS Online vs MDirect - Onine Live Chat No Yes
Phone Support SAS Online vs MDirect - Phone Support Yes Yes
Toll Free Number SAS Online vs MDirect - Toll Free Number No Yes
Through Branches SAS Online vs MDirect - Through Branches No No
Customer Care Number SAS Online vs MDirect - Customer Care Number 011-40409999, 011-40409900 Info Not Available
Account Opening Process SAS Online vs MDirect - Account Opening Process Online/Paperless Info Not Available
Customer Support Email SAS Online vs MDirect - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education SAS Online vs MDirect - Knowledge Center/Education https://sasonline.freshdesk.com/support/home Info Not Available
Head Office Address SAS Online vs MDirect - Head Office Address/Corporate Address SAS Online,
3rd Floor,Building No. 5,
Local Shopping Complex, Rishabh Vihar
East Delhi 110092
Info Not Available
Website SAS Online vs MDirect - Company Website https://sasonline.in Info Not Available
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Tips/Research/Reports Published

Compare SAS Online vs MDirect on Research Reports, Tips

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

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

Compare SAS Online vs MDirect on Demat Account

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

Demat Charges - Compare SAS Online with MDirect
  SAS Online MDirect
DP Source NSDL
DP ID SAS Online vs MDirect - DP ID NSDL - IN3 No
Demat Account Annual Maintenance Charges(AMC) For Individual-Nil For Non Individual- Rs.500
Advance Deposit Nil
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) Flat Charges of Rs. 9 plus Depository at actuals
Demat Rs.2.00 per certificate plus courier charges of Rs. 35 per demat request for every 500 gms.
Remat Rs. 25 per certifcate or 0.05% of the value of the transaction whichever is higher plus Depository charges at actuals
Pledge Creation Rs.50 per transaction
Pledge Creation Confirmation Nil
Pledge Closure Nil
Pledge Closure Confirmation Nil
Pledge Invocation Rs. 50 per Transaction
Failed Instruction Charges Rs. 30 per transaction
Other Charges Demat Rejection Charges: Rs. 35 per transaction for every 500 gms, SLB Charges: For Security Lending & Borrowing- Rs. 25 plus Depository charges separately.

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Special Offers,Advantages,Disadvantages

Compare SAS Online vs MDirect on Special Offers and Promotion

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

Compare SAS Online vs MDirect on Special Offers and Promotion
  SAS Online MDirect
Pay In and Pay Out Options SAS Online vs MDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from ALPHA Web, Mobile App or Desktop Platform.
Pay-out/Fund Withdrawal - Primary Bank Transfer only.
Info Not Available
Payout Time SAS Online vs MDirect - Payout Time Up to 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges SAS Online vs MDirect - Bank Supported and Charges Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alpha Platform. Info Not Available
Bank Detail South Asian Stocks Ltd.,
Account Number:SASONL37242
Bank and Branch: G-3-4, Suryakiran Building, 19 , Kasturba Gandhi Marg, New Delhi-110001
Account Type: Current Account
IFSC Code:HDFC0000003
Info Not Available
Likes
  • Cheapest Rs 9 flat-fee trades.
  • Super simple monthly plans for trading in commodity, equity and currency.

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
  • No support for NRI trading.
  • Doesn't support facility to trade in IPOs, mutual Fund and Bonds.
  • 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 up to 20% on referral bonus, free trading tools.
    Enquiry Enquire about SAS Online Enquire about MDirect

    Last Updated on 2019-07-08T23:39:43+00:00







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