Mdirect Review - A Discount Share Broker India 2019

Last Updated - 2018-12-04

Rated 3/5 based on 12 customer reviews

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Why MDirect?

  • E-KYC to be introduce soon.
  • Single sign in for equities, commodity and currency
  • Flat brokerage @ Rs 18 per executed order across all segments and exchanges.
  • Strong and Visible Team for Research in Equities, Commodities & Currency Segments
  • Daily Newsletter
  • Intraday and Positional Calls through SMS.
Special Offer: First 5 orders Free, First year DP AMC Free, Free research
Request call back from MDirect

MDirect Review - 2019

    MDirect is the online platform for trading by Moneylicious Capital & Advisory Services Pvt. Ltd.

    MDirect is the Mumbai based new entrant in Discount Broker Industry having membership in NSE, BSE, MCX, NCDEX and MSEI.

    MDirect offers trading in equity delivery, equity intraday, equity derivatives (F&O), currency and Commodity segments at a very affordable flat fee of Rs 18 per executed order.

    The Brokerprovides easy-to-use platform for trading and complementing the same by delivering stock and commodity specific research reports to your email ids on daily basis. With MDirect you can view your trade, do fund Transfers and manage your Portfolio on a single screen.

    Customer Care is available through email, toll free no, phone, online feedback, online message. It looks satisfactory not the best though.

Open an account today. Get Started

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.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service


  • 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.


  • 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

Exclusive OfferExclusive Offer

MDirect - Get Exclusive Offer Sign up now

MDirect with closest competitors
Broker MDirect Zerodha ICICIDirect Sharekhan ProStocks
Service Type Discount Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage Rs 18 Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Please refer unique and accurate MDirect Brokerage Calculator

MDirect Brokerage Charges - 2019

    Mdirect Brokerage is competitive and straight forward. No platform or hidden fees. The rates are all inclusive.

    MDirect offers Rs 18 per executed order plan across all segments.

    Client pays flat Rs 18 per executed order irrespective to the size of the order. Call and trade facility is available at an additional charges of Rs 18 per executed order. So if you place order by phone it will cost you 18 for call and trade + 18 as brokerage.

    M Direct brokerage of Rs 18 flat-rate share trades are higher than ProStocks (Rs 15 ), SASOnline (Rs 9) & RK Global (Rs 9),Wisdom Capital (Rs 9),My Value Trade(10 Rs),Trade Smart Online (15 Rs) and lower than Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) plans.

    MDirect Account Opening Charges

    • Trading Account Opening Charges (One Time): Rs 200
    • Demat account Opening Charges (One Time): Rs 200
    • Trading Annual maintenance charges (AMC): Nil
    • Demat Account Annual Maintenance Charges (AMC): Free for 1st year (Rs 400 from 2nd year)
    • Commodity account Opening Charges (One Time): Rs 100
    • Currency Account Opening Charges : Rs 100
    • All in one Account : Rs 500

    MDirect Brokerage Charges

    • Equity Delivery Trading Brokerage: Rs 18 per executed order
    • Equity Intraday Trading Brokerage: Rs 18 or .01 whichever is lower
    • Equity Future Trading Brokerage: Rs 18 per executed order
    • Equity Options Trading Brokerage: Rs 18 per executed order
    • Commodity Trading Brokerage: Rs 18 per executed order
    • Currency Futures Trading Brokerage: Rs 18 per executed order
    • Currency Options Brokerage : Rs 18 per executed order

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

    Latest information on MDirect account opening, MDirect account, MDirect brokerage charges, MDirect brokerage fees, MDirect account opening charges, MDirect account opening fee, MDirect brokerage plans, MDirect charges, MDirect fees, MDirect free account, MDirect new account opening, MDirect new account, MDirect nri account, MDirect open account, MDirect offer, MDirect registration, MDirect register, MDirect trading charges and MDirect account closure.

MDirect Brokerage Charges - Rs 18 Per Order Plan
Brokerage Plan Rs 18 Per Order Plan
Flat Fee NA
Equity Delivery Flat Fee Rs 18
Equity Intraday 0.01% or Rs 18 whichever is lower
Equity Futures 0.01% or Rs 18 whichever is lower
Equity Options Flat Fee Rs 18
Currency Futures 0.01% or Rs 18 whichever is lower
Currency Options Flat Fee Rs 18
Commodity Flat Fee Rs 18

Account Opening with MDirect

  • Toll Free Number :-18602671671
  • Telephone :+91 22 6601 8356 - 58
  • Support Email - [email protected]
  • Helpline Email - [email protected]
  • Corporate Address - M Direct
    1803-05, 18th Floor, C Wing
    One BKC, Bandra Kurla Complex,
    Bandra East.
    Mumbai - 400 051.

Contact MDirect

Are you a day trader?

MDirect Web, Mobile app and Desktop base trading platform - 2019

    Clients can trade with MDirect using Omnesys NEST platform which is available in desktop, web and mobile versions. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring.

    MDirect NEST Plus: MDirect NEST Plusis a desktop base installable trading platform by "Omnesys NEST". Advance charting tools for technical analysis, option trading strategies, live quotes, market Analysis, real-time news from Dow Jones, market monitor and scanner makes up the bulk of this platforms offering.With this you can trade all segments and exchanges on a single platform.

    Web Version: MDirect NEST Plus also available in web version which works on any web browser, no need to install or download anything. The web address for this is

    MDirect Mobile Tading : The app is available for android and IOS users to for real time feed and to track orders and positions on the go.

    For detail review of mobile app and download please visit MDirect Mobile App.

    Information about MDirect app, MDirect app download,MDirect account login, MDirect back office, MDirect demat account login, MDirect desktop app, MDirect exe download, MDirect demo, MDirect mobile app download,MDirect mobile app review, MDirect official website, MDirect software download, MDirect trading platform, MDirect trading terminal, MDirect trading app and MDirect web trading login.

MDirect Membership Information

  1. MDirect NSE Membership:INZ230007833
  2. MDirect BSE Membership:INZ230007833
  3. MDirect MCX Membership:46035
  4. MDirect SEBI Registration:INH300003314
  5. Corporate Address:1803, 18th Floor, C -wing,One BKC, Opposite Indian Oil, BKC, Mumbai- 400051
  6. Registered Address:7A NPS Bussiness Center, Kiran Shankar Roy road, Kolkata 700001

MDirect Product and Services Features

MDirect - 3 in 1 Account help
MDirect - Multiple Plans help
MDirect - Monthly Plan help
MDirect - Yearly Plan help
MDirect - Portfolio help
MDirect - Charting help
MDirect - Automated Trading help
MDirect - AMO Order help
MDirect - Allow GTC Order help
MDirect - SMS Alerts help
MDirect - Margin Trade Funding help
Combined Ledger for Equity and Commodityhelp
MDirect - NRI Trading help

Offering of Investments by MDirect

MDirect - Equity Cash and F&O help
MDirect - Currency F&O help
MDirect - Commodity Trading help
MDirect - Mutual Funds help
MDirect - ETF help
MDirect - Online IPO help
MDirect - Bonds Investment help
MDirect - Debt Investment help
MDirect - Banking Service help
MDirect - Insurance Service help
MDirect - MF SIP Investment help

MDirect Trading Platforms & Tools Options

MDirect - Desktop Platform (Windows) help
MDirect - Desktop Platform (Mac) help
MDirect - Web Platform help
MDirect - Stock Alerts via Email help
MDirect - Stock Alerts via SMS help
MDirect - Virtual Trading help
MDirect - Watch-lists, streaming real-time quotes help
MDirect - Mobile App help
MDirect - Android Tablet App help
MDirect - Android App help
MDirect - iPhone App help
MDirect - iPad App help
MDirect - Mobile Trading Site help

Customer Service Offered by MDirect

MDirect - Phone Support help
MDirect - Toll Free Number help
MDirect - Email Support help
MDirect - Branch Offices help
MDirect - Live Chat help
MDirect - 24/7 Support help

MDirect Research and Market Reports

MDirect - Daily Market Report help
MDirect - Free Tips help
MDirect - Quarterly Results help
MDirect - New Alerts help
MDirect - Mutual Funds Research help
MDirect - Research Equity Reports help
MDirect - ETF Research help

Final thought about MDirect

MDirect is the discount broker with a little twist since charging as a discount broker but providing research reports and tips as full service broker only lacking behind in tools and technology.

MDirect can be a good bet for beginners in stock market as they provide research and tips at a reasonable rates.

If you like what you have read and want to choose MDirect or any other broker, leave your contact information with us and we will guide you.

MDirect User Reviews


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