Compare 3 Brokers

SBICAP Securities Vs MDirect: Which one is better?

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

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

  SBICAP Securities Compare
SBICAP 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 SBICAP Securities offering clients a well rounded package having 3-in-1 account which is an integrated platform of Savings Bank A/c, Demat A/c and an Online Trading A/c and broad range of products, pan India presence and State-of- the-Art tools and ... Know more about SBICAP 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 SBICAP 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 SBICAP Securities vs MDirect on Trading & Demat Account Opening Charges

In this section we have compared SBICAP Securities with MDirect on trading & demat account opening charges and AMC. Trading account opening charges - SBICAP Securities charges Rs 850 for account opening where MDirect charges Rs 500 for account opeing. Demat AMC charges - SBICAP Securities charges Rs 350 PA AMC for Demat account where MDirect charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SBICAP Securities with MDirect
Charges SBICAP Securities MDirect
Trading Account Opening Fees Rs 850 Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 350 PA Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SBICAP Securities vs MDirect on Plan Options

Plans are the most important feature you look when compare SBICAP 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 SBICAP Securities with MDirect on Plan Options
Plan Types SBICAP Securities MDirect
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  SBICAP Securities MDirect
Account Opening Request
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Brokerage Charges

Compare SBICAP Securities vs MDirect on Brokerage Charges

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities.This is % based brokerage plan.Brokerage is between .05% to .5%, which is 5 paisa to 50 paisa.

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

Brokerage Charges - Compare SBICAP Securities with MDirect
Brokerage Charges Compare SBICAP Securities MDirect
Plan Name eZ-trade Trading Plan (Percentage Based) Rs 18 Per Order Plan
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 18
Equity Intraday 0.08% or 8 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 100 Per Lot Flat Fee Rs 18
Currency Futures 0.03% or 3 paisa 0.01% or Rs 18 whichever is lower
Currency Options Rs 30 Per Lot Flat Fee Rs 18
Commodity Trading NA Flat Fee Rs 18
Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Frirst 30 call free per month after that Rs 10 per call - Max 3 scripts can be trade per call. Info Not Available
Brokerage Calculator Brokerage Calculator for SBICAP Securities Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for SBICAP Securities SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare SBICAP Securities vs MDirect on Transaction Charges

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

Transaction Charges - Compare SBICAP Securities with MDirect
Transaction Charges Compare SBICAP 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 sbicap-securities Complete Brokerage Plans for mdirect
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Account Features

Compare SBICAP Securities vs MDirect on Account Features

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

Account Features - SBICAP Securities with MDirect
Account Features Compare SBICAP Securities MDirect
3 in 1 Account Yes, SBICAP Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No SBICAP 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 Trading software terminal: ODIN Diet NIL
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Trading Platform

Compare SBICAP Securities vs MDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SBICAP 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 SBICAP Securities with MDirect
Trading Platform Compare SBICAP Securities MDirect
Desktop Trading Platform SBISMART XPRESS - NextTrader 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://login1.sbismart.com/nidp/app/login http://122.179.158.190/sohamrmclient/login.aspx
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App SBISMART Mdirect
Mobile Trading App Demo SBISMART Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SBISMART Download Andriod Mdirect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SBISMART 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 SBICAP Securities Equity Intraday and Delivery Brokerage Calculator for MDirect
Futures Brokerage Calculator Futures Brokerage Calculator for SBICAP Securities Futures Brokerage Calculator for MDirect
Options Brokerage Calculator Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for MDirect
Detail Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare SBICAP Securities vs MDirect on User Rating

  SBICAP Securities MDirect
  75 Customer Reviews    Rate SBICAP Securities Customer Reviews    Rate MDirect
Fees Ratings 3.3
Trading Brokerage Rating 3.1
Trading Platform Usability 2.8
Customer Service Ratings 2.7
Overall Ratings Rated 2.7 stars
Broker Rating SBICAP Securities is Rated 2.7 / 5 based on 75 customer reviews
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Investment Offerings

Compare SBICAP Securities vs MDirect on Investment Offerings

Compare SBICAP 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 SBICAP Securities doesn't offer. Online Mutual Fund Investment - SBICAP 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 SBICAP Securities with MDirect
Investment Offerings Compare SBICAP 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 No No
PMS Service No No
Other Investment Options NIL NA
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Order Types

Compare SBICAP Securities vs MDirect on Order Types

Order Type - Compare SBICAP 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) - SBICAP 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) - SBICAP Securities 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 SBICAP Securities with MDirect
Order Type Compare SBICAP Securities 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 SBICAP Securities vs MDirect on Margin/Leverage

Comapre SBICAP 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 SBICAP Securities with MDirect
Margin Product Compare SBICAP Securities MDirect
Equity Delivery Margin SBICAP Securities vs MDirect - Equity Delivery Margin No Margin on Equity Delivery, T+5 day trading option, Interest will be charged after T+2. Info Not Available
Equity Intraday Margin SBICAP Securities vs MDirect - Equity Intraday Margin Up to 10x leverage for equity. Info Not Available
Futures Margin SBICAP Securities vs MDirect - Futures Margin Up to 3x leverage for equity future. Info Not Available
Options Margin SBICAP Securities vs MDirect - Options Margin Up to 3x for Opions Selling and no leverage on options buying. Info Not Available
Equity CO Margin SBICAP Securities vs MDirect - Equity CO Margin Info Not Available Info Not Available
Futures CO Margin SBICAP Securities vs MDirect - Futures CO Margin Info Not Available Info Not Available
Options CO Margin SBICAP Securities vs MDirect - Options CO Margin Info Not Available Info Not Available
Commodity Margin SBICAP Securities vs MDirect - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare SBICAP Securities vs MDirect on Customer Service

Compare SBICAP 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 SBICAP Securities with MDirect
Customer Service Compare SBICAP Securities MDirect
24/7 Customer Service SBICAP Securities vs MDirect - 24x7 customer support No Yes
Email Support SBICAP Securities vs MDirect - Email Support Yes Yes
Onine Live Chat SBICAP Securities vs MDirect - Onine Live Chat No Yes
Phone Support SBICAP Securities vs MDirect - Phone Support Yes Yes
Toll Free Number SBICAP Securities vs MDirect - Toll Free Number Yes Yes
Through Branches SBICAP Securities vs MDirect - Through Branches Yes No
Customer Care Number SBICAP Securities vs MDirect - Customer Care Number 1800-209-9345/1800-22-3345 Info Not Available
Account Opening Process SBICAP Securities vs MDirect - Account Opening Process Offline Info Not Available
Customer Support Email SBICAP Securities vs MDirect - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education SBICAP Securities vs MDirect - Knowledge Center/Education https://www.sbismart.com/education Info Not Available
Head Office Address SBICAP Securities vs MDirect - Head Office Address/Corporate Address SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Info Not Available
Website SBICAP Securities vs MDirect - Company Website https://www.sbismart.com Info Not Available
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Tips/Research/Reports Published

Compare SBICAP Securities vs MDirect on Research Reports, Tips

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

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

Compare SBICAP Securities vs MDirect on Demat Account

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

Demat Charges - Compare SBICAP Securities with MDirect
  SBICAP Securities MDirect
DP Source CDSL
DP ID SBICAP Securities vs MDirect - DP ID 19300 No
Demat Account Annual Maintenance Charges(AMC) ₹500
Advance Deposit 0 for all
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) 0.01% of the transaction value (Min ₹21 and Max ₹300)
Demat ₹5 per certificate + ₹35 courier charges
Remat ₹35 per certificate + CDSL Charges
Pledge Creation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Creation Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Closure Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Pledge Invocation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges
Failed Instruction Charges ₹10
Other Charges Nil

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Special Offers,Advantages,Disadvantages

Compare SBICAP Securities vs MDirect on Special Offers and Promotion

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

Compare SBICAP Securities vs MDirect on Special Offers and Promotion
  SBICAP Securities MDirect
Pay In and Pay Out Options SBICAP Securities vs MDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time SBICAP Securities vs MDirect - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges SBICAP Securities vs MDirect - Bank Supported and Charges Direct to SBI Bank. Info Not Available
Bank Detail Direct to SBI bank account Info Not Available
Likes

Hassle free 3 in 1 account, services for NRIs, site wide bar for live quotes, demos on all the trading apps

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 support commodity trading, minimum Brokerage charges.

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
Enquiry Enquire about SBICAP Securities Enquire about MDirect

Last Updated on 2019-06-27T00:43:21+00:00







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