Last Updated - 2018-12-04
Rated 3.5/5 based on 85 customer reviews
IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive brokerage plan (flexi gold) for low-cost trading.
3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs
Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms
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IDBI Capital Market Services Ltd. (IDBI Capital), a wholly owned subsidiary of IDBI Bank Ltd., is a fully integrated financial services provider catering to the needs of retail, institutional and corporate clients.
www.idbipaisabuilder.in is the online retail Broking and investing portal of IDBI Capital launched in January 2006.It offers online trading in Equities, F&O, Mutual Funds and IPOs and has membership in NSE and BSE India.
IDBIpaisabuilder is recently renamed as IDBIDirect with new website url https://www.idbidirect.in
The broker is a 3 in 1 service provider with its IDBI Bank Account , IDBI Demat Account and IDBI trading Account. IDBI Demat Account is a hassle free service to maintain your scrips paperless and online.
You can choose to have bank account with IDBI or you can link any other savings account with your trading account. But to avail 3 in1 account facility, Demat account should be maintained with IDBI Capital.
Customer care at IDBIDirect is found to be satisfactory, although not best of the breed. The broker supports through emails for enquiries, suggestion, information and demat related queries. Toll free no and phone call is available during working hours. Call and trade or approaching Relationship Managers in 13 Branches in India is also an option.
Here we are comparing IDBI Direct with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Discount Broker||Full Service Broker||Full Service Broker||Discount Broker|
|Brokerage||.08 to .5%||Rs 20||0.05 to .55%||0.1 to 0.5%||Rs 15|
|Account Type||3 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
Flexi Gold Brokerage Plan: This is a prepaid brokerage plan where you requires to pay a Subscription fee at the beginning of a specific time period. This Advance Fee is refundable to the extent of the brokerage generated by the client during the Validity Period of the Plan. The plan duration is from 6-12 months. The brokerage can be as low as .05% for equity and .01% for intraday and future if you think your trading volume is high.
|Plan / Features||FG 500000||FG 100000||FG 50000||FG 25000||FG 10000||FG 5000|
|Upfront Subscription||Rs500000||Rs100000||Rs50000||Rs25000||Rs10000||Rs 5000|
|Validity||12 months||12 months||12 months||12 months||9 months||6 months|
|Square-off Brokerage (Per Leg)||0.01%||0.01%||0.02%||0.03%||0.04%||0.04%|
|Futures Brokerage (Per Leg)||0.01%||0.01%||0.02%||0.03%||0.04%||0.04%|
|Options Brokerage (Per Lot per leg)||Rs 10||Rs 5||Rs 20||Rs 25||Rs 40||Rs 60|
With Flexi - Gold scheme you are entitled to free research calls, transactional sms, mobile trading facility, dedicated Relationship Managers & Call N Trade facility.
The Brokerage for equity ranges from .35% to .05% which falls in low brokerage range as compared to other 3 in 1 brokers like ICICI (.55%) ,HDFC (.50%), SBI CAP (.50%).
Brokerage for future and Intraday trade ranges from .04% to .01% which is again medium to low range when seen with Sharekhan (.1%) Religare (.05%) and almost similar to Edelweiss (.50%-.015%).
Option trade runs at Rs 60 - Rs 10 which is cheaper as compared to other full service brokers like Indiabulls, sharekhan, Religare all charging Rs 100 per lot.
Trading Account opening charges: Free
Trading Account AMC :
Demat Account opening Charges :
Demat Account AMC : Rs 350
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|Brokerage Plan||Flexi Gold Plan (Percentage Based)|
|Equity Delivery||0.5% or 50 paisa|
|Equity Intraday||0.08% or 8 paisa|
|Equity Futures||0.08% or 8 paisa|
|Equity Options||Rs 100 Per Lot|
|Currency Futures||0.08% or 8 paisa|
|Currency Options||Rs 100 Per Lot|
For complete brokerage charges and trading plans detail please visit IDBI Direct Brokerage Charges.
IDBI Capital provides Web based, terminal based and mobile app based trading platform to its customers.
Power Classic : This is the trading software that can be downloaded for trading in equity shares, mutual fund and IPOs. Its basic features are integrated Bank, demat and Trading account; access to all the reports and live order status.
Powe Streaming Account: It is a web based trading platform of IDBI Direct. It is designed especially for frequent traders. Its rich features gives you easy to use interface, real time streaming quotes, multiple watch list, market depth info, single key function and so on.
Powe Pro Exe: Paisa Pro is an EXE-based desktop software especially designed for active traders. Its main features are real time order tracking, customized market watch, advance alerts, detailed charting tools and indicators.
IDBI Direct Mobile App: The app for smartphones designed by IDBI Capital comes handy when you are on-the-go.Trading and tracking your investment can be done with ease with features like live streaming quotes, real time market orders, track multiple exchanges.
For detail review of mobile app and download please visit IDBI Direct Trading Platform Review.
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While IDBI has a full service package to offer, the Broker still needs to work on customer service, trading platforms and transparency in brokerage and other charges. Then only it can compete with other full service 3 in 1 brokers such as ICICI and HDFC.
On a closing note, IDBI is an average Broker with nice overall offerings but with little catches here and there.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.