IDBI Capital Review 2019

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

Save 60% to 90% Brokerage

Name 

 Phone 
Email   City 
State   

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.

Review Summary

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.


Benefits

  • 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.

Considerations

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms
Save 90% Brokerage - Request call back

IDBI Direct Investment Options Compare

Here we are comparing IDBI Direct with its 5 close competitors on investment options.

Broker IDBI Direct Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking Yes No No No No
Insurance Yes Yes Yes No No

IDBI Direct Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

IDBI Direct Account Opening Charges

      »»  Trading Account Opening Charges: Rs 700
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 350 PA

IDBI Direct Brokerage

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

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

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 Range .08 to .5% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.08% or 8 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.08% or 8 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.08% or 8 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 100 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate IDBI Direct Brokerage Calculator


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.

Save 60% to 90% Brokerage

Name 

 Phone 
Email   City 
State   

Alternatives to IDBI Direct

 comparison
 comparison
 comparison
 comparison

IDBI Direct Trading Platform and Tools

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.

IDBI Direct Trading Platform Compare

Here we are comparing IDBI Direct with its 5 close competitors on Trading Platform.

Broker IDBI Direct Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about IDBI Direct

Rated 3.5/5 by 30 users

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.

Last updated on 2019-07-11


Compare 3 Brokers

Compare IDBI Direct

Find out how IDBI Direct stacks up against other brokers

IDBI Capital User Reviews

avatar
1. Murli Dhar Sharma 6/18/2016 10:36:05 AM 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 .

Enquire Trading Brokers:

Name 

 Phone 
Email   City 
State   






Search topsharebrokers.com:

Translate topsharebrokers.com: