Zerodha Vs MDirect: Which one is better?

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

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

  Zerodha Compare
Zerodha
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, MCX-SX and MCX BSE,NSE,MCX,NCDEX,MSEI
Broker Overview 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 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 Zerodha. 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 Zerodha vs MDirect on Brokerage & Demat Account Opening Charges

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

Compare Zerodha vs MDirect on Plan Options

  Zerodha MDirect
Multiple Plans What is this parameter? No No
Monthly Plans Zerodha vs MDirect - Monthly Brokerage Plan No No
Yearly Plans Zerodha vs MDirect - Yearly Brokerage Plan No No
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Account Opening Request

Account Opening

  Zerodha MDirect
Account Opening Request
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Brokerage Charges

Compare Zerodha vs MDirect on Brokerage Charges

  Zerodha MDirect
Plan Name Zerodha vs MDirect - Max Rs 20 Per Order Trading Plan Rs 18 Per Order Plan
Plan Description Zerodha vs MDirect -

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.

Flat Rs 18 Per Trader Plan.
Equity Delivery Zerodha vs MDirect - Cash Delivery Brokerage Free Flat Fee Rs 18
Equity Intraday Zerodha vs MDirect - Cash Intraday Brokerage 0.01% or Rs 20 whichever is lower 0.01% or Rs 18 whichever is lower
Equity Futures Zerodha vs MDirect - F&O Segment - Futures Brokerage 0.01% or Rs 20 whichever is lower 0.01% or Rs 18 whichever is lower
Equity Options Zerodha vs MDirect - F&O Segment - Options Brokerage Flat Fee Rs 20 Flat Fee Rs 18
Currency Futures Zerodha vs MDirect - Currency Futures Trading Brokerage 0.01% or Rs 20 whichever is lower 0.01% or Rs 18 whichever is lower
Currency Options Zerodha vs MDirect - Currency Options Trading Brokerage Flat Fee Rs 20 Flat Fee Rs 18
Commodity Trading Zerodha vs MDirect - Commodity Trading Brokerage Flat Fee Rs 20 Flat Fee Rs 18
Minimum Brokerage Zerodha vs MDirect - NIL
Hidden Charges Zerodha vs MDirect - Hidden Charges Info Not Available Info Not Available
Funding Zerodha vs MDirect - Funding Interest Info Not Available Info Not Available
Call & Trade Charges Zerodha vs MDirect - Call & Trade Charges Rs 20 Per Executable Order Info Not Available
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for Zerodha SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare Zerodha vs MDirect on Transaction Charges

  Zerodha MDirect
Equity Delivery Zerodha vs MDirect - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Zerodha vs MDirect - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Zerodha vs MDirect - Equity Futures Transaction Charges Rs 190 Per Cr Rs 350 Per Cr
Equity Options Zerodha vs MDirect - Equity Options Transaction Charges Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures Zerodha vs MDirect - Rs 135 Per Cr Rs 215 Per Cr
Currency Options Zerodha vs MDirect - Rs 4400 Per Cr Rs 7000 Per Cr
Commodity Zerodha vs MDirect - 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 zerodha Complete Brokerage Plans for mdirect
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Account Features

Compare Zerodha vs MDirect on Account Features

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

Compare Zerodha vs MDirect on Trading Platform

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

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Broker Ratings by Users

Compare Zerodha vs MDirect on User Rating

  Zerodha MDirect
  154 Customer Reviews    Rate Zerodha Customer Reviews    Rate MDirect
Fees Ratings 4.0
Trading Brokerage Rating 4.5
Trading Platform Usability 3.7
Customer Service Ratings 3.8
Overall Ratings Rated 3.9 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 154 customer reviews
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Investment Offerings

Compare Zerodha vs MDirect on Investment Offerings

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

Compare Zerodha vs MDirect on Order Types

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

Compare Zerodha vs MDirect on Margin/Leverage

  Zerodha MDirect
Equity Delivery Margin Zerodha vs MDirect - Equity Delivery Margin No Delivery margin. Info Not Available
Equity Intraday Margin Zerodha vs MDirect - Equity Intraday Margin Up to 12.5x margin for Intraday leverage for equity. Info Not Available
Futures Margin Zerodha vs MDirect - Futures Margin Up to 2x leverage for future. Info Not Available
Options Margin Zerodha vs MDirect - Options Margin Up to 2x margin for options shorting, no leverage for option buying. Info Not Available
Equity CO Margin Zerodha vs MDirect - Equity CO Margin Up to 20.8x margin/leverage in equity CO order for selected equity scripts. Info Not Available
Futures CO Margin Zerodha vs MDirect - Futures CO Margin Up to 33x margin/leverage (of complete order) in CO order for future contracts. Info Not Available
Options CO Margin Zerodha vs MDirect - Options CO Margin Up to 20x margin/leverage (of complete order) in CO order for options contracts sell only, buying is enabled only for NIFTY. Info Not Available
Commodity Margin Zerodha vs MDirect - Commodity Margin Up to 2x MIS Margin of SPAN, Complete SPAN is required for carry forward positions. Info Not Available
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Customer Service Offered

Compare Zerodha vs MDirect on Customer Service

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

Compare Zerodha vs MDirect on Research Reports, Tips

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

Compare Zerodha vs MDirect on Demat Account

  Zerodha MDirect
DP Source CDSL
DP ID Zerodha vs MDirect - DP ID 81600 No
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 Zerodha vs MDirect on Special Offers and Promotion

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

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 have monthly plans.
  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
  • 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 Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquire about Zerodha Enquire about MDirect






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