IDBI Capital Brokerage and Demat Account Review 2019

Rated 3.5/5 by Top Share Brokers Team
IDBI Capital Review

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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.

Our independent review of IDBI Direct

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.

Why to choose IDBI Direct as your stock broker?

  • Strong market research reports.
  • NRI investment services.
  • Comprehensive technical analysis charting tool.
  • Flexible Brokerage Plan.
  • Multiple Investment offerings like Equity, Derivatives, Mutual Fund, IPO, NCD, Fixed Income Products.
LikesWhat we like about IDBI Direct

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

DislikesWhat we dislike about IDBI Direct

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

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What are the Investments Options available with IDBI Direct?

IDBI Direct - Equity Cash and F&O
Yes
IDBI Direct - Currency F&O
Yes
IDBI Direct - Commodity Trading
No
IDBI Direct - Mutual Funds
Yes
IDBI Direct - ETF
Yes
IDBI Direct - Online IPO
Yes
IDBI Direct - Bonds Investment
Yes
IDBI Direct - Debt Investment
Yes
IDBI Direct - Banking Service
Yes
IDBI Direct - Insurance Service
Yes
IDBI Direct - MF SIP Investment
Yes

How is IDBI Direct with closest competitors?

Here we are comparing IDBI Direct with its 5 close competitors, who are currently market leader in brokerage industry.

Broker IDBI Direct Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage .08 to .5% 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 3 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No No
Rating

Please refer unique and accurate IDBI Direct Brokerage Calculator

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IDBI Direct Brokerage Plans Review - 2019

Brokerage and Commission Rated 3/5

    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
    Delivery Brokerage 0.05% 0.10% 0.15% 0.20% 0.30% 0.35%
    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

IDBI Direct Brokerage Charges - Flexi Gold Trading Plan (Percentage Based)

Brokerage Plan Flexi Gold Trading Plan (Percentage Based)
Flat Fee NA
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
Commodity NA

For complete brokerage charges and trading plans detail please visit IDBI Direct Brokerage Charges.

What are the various Product and Services offered by IDBI Direct?

Product & Services Rated 4/5
IDBI Direct - 3 in 1 Account
Yes
IDBI Direct - Multiple Plans
No
IDBI Direct - Monthly Plan
No
IDBI Direct - Yearly Plan
No
IDBI Direct - Portfolio
Yes
IDBI Direct - Charting
Yes
IDBI Direct - Automated Trading
No
IDBI Direct - AMO Order
Yes
IDBI Direct - Allow GTC Order
No
IDBI Direct - SMS Alerts
Yes
IDBI Direct - Margin Trade Funding
Yes
Combined Ledger for Equity and Commodity
No
IDBI Direct - NRI Trading
Yes

How to Open Trading and Demat Account with IDBI Capital?

  1. Over Internet:Fill a simple form and Idbipaisabuilder representative will contact you with all formalities to open an account.

  2. On Phone:Call Toll Free Number: 1800-22-3366 or 022-3291 5001

  3. Through Email:Simply send an email to [email protected], requesting for any information you required.

  4. Visit Branch Offices:Click here to find out nearest IDBIPaisaBuilder Branch Offices.

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What are the Customer Support options availabel with IDBI Direct?

Customer Support Rated 3.5/5
IDBI Direct - Phone Support
Yes
IDBI Direct - Toll Free Number
Yes
IDBI Direct - Email Support
Yes
IDBI Direct - Branch Offices
Yes
IDBI Direct - Live Chat
No
IDBI Direct - 24/7 Support
No

What are the trading platform offered by IDBI Direct?

Trading Platforms Rated 4/5

    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.

What are the Trading Platforms & Tools Options available with IDBI Direct?

IDBI Direct - Desktop Platform (Windows)
Yes
IDBI Direct - Desktop Platform (Mac)
No
IDBI Direct - Web Platform
Yes
IDBI Direct - Stock Alerts via Email
Yes
IDBI Direct - Stock Alerts via SMS
Yes
IDBI Direct - Virtual Trading
No
IDBI Direct - Watch-lists, streaming real-time quotes
Yes
IDBI Direct - Mobile App
Yes
IDBI Direct - Android Tablet App
Yes
IDBI Direct - Android App
Yes
IDBI Direct - iPhone App
Yes
IDBI Direct - iPad App
Yes
IDBI Direct - Mobile Trading Site
No


Final thought about IDBI Direct

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.

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IDBI Capital User Reviews

avatar
1. Murli Dhar Sharma  Jun 18, 2016 9:36:05 AM IST Reply
I want to open 3in 1 A/c For Share ,Future ,Option & Currency Trading
.Please Mail me with your plan,My ICICI Direct 3 in 1 Account is running,I want to close icici direct 3 in 1 due to poor service & high Brokerage .

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