Mdirect acknowledges the uniqueness of each individual investor-client. Just as some individuals may find some food preparation Delicious, some may find some financial asset Money-Licious. The Food for Thought underlying “Money-Licious” was that our Financial preferences, just like our Food preferences changes with time. So keeping in tandem with ‘The IT Age’, we have forayed into a full State of the Art Technology driven financial services platform.
At the first stage, we have launched our online trading interface. Account opening documentation is at its simplest avatar… through the e-KYC process. We are confident that our trading interface with its innovative technological inclusions will make your experience with M-Direct very appeasing.
Enjoy this Moneylicious experience designed just for you and relish the taste of money….the Mdirect Way.
|Trading Exchanges.||NSE, BSE, MCX-SX, MCX & NCDEX.|
|Broker Type.||Discount Broker.|
Table of contents
- Mdirect Account Opening Fees.
- Brokerage Charges.
- Margins or Leverages.
- Trading Platforms or Software.
- Mdirect Some Useful Services.
- Mdirect Useful Details.
- Mdirect Client Info & NRI Account opining Regulations.
- Mdirect Fund Transfers Service.
- Turnover & Other Charges.
- Mdirect Support & Tools Available.
- Reports & Confirmation.
- Additional Features.
- Customer Care Services.
- Mdirect Review & Ratings
- Sebi Registration.
- Mdirect Frequently Asked Questions
Mdirect Account Opening Fees.
|Trading Annual maintenance charges (AMC).||Rs 400/year|
|Equity (Intraday).||Rs. 18 per Executed Order.|
|Equity (Delivery).||Rs. 18 per Executed Order.|
|Equity Futures.||Rs. 18 per Executed Order.|
|Equity Options.||Rs. 18 per Executed Order.|
|Currency Futures.||Rs. 18 per Executed Order.|
|Currency Options.||Rs. 18 per Executed Order.|
|Commodity.||Rs. 18 per Executed Order.|
Margins or Leverages.
|Equity (Intraday).||Upto 15 Times for Intraday.|
|Equity (Delivery).||Upto 15 Times for Intraday.|
|Equity Futures.||Upto 3 Times for Intraday.|
|Equity Options.||No Leverage.|
|Currency Futures.||Upto 3 Times for Intraday.|
|Currency Options.||No Leverage.|
|Commodity.||Upto 2 Times for Intraday.|
Trading Platforms or Software.
|Trading Platform or Software.||YES.|
Open Demat Account Now
Just submit your details below. we will take care of rest.
- lowest Brokerage
- Highest Margin Across All Segments
- Great Customer Care Support
- Fast Trading Platform
Mdirect Some Useful Services.
|Online Trade Reports.||YES.|
|Online PNL Reports.||YES.|
|Intraday Chart Facility||1 Days.|
|End of Day Chart Facility.||3 Years|
|3 in 1 Account.||NO.|
|Instant Fund withdrawal.||NO.|
Mdirect Useful Details.
|Price (Broker Type).||Per Order.|
|Headquarters City (Head Office).||Pune.|
|Total Branches (Presence).||1 Branches.|
|Research & Tips.||Yes Research & Tips.|
|Total Experience in Broking.||6 Years of experience.|
|Year of Incorporation.||2011|
Mdirect Client Info & NRI Account opining Regulations.
|Current Active Client Base?||More Than 10,000.|
|NRI Account Opining Allowed Or Not.||YES, It is Allowed.|
Mdirect Fund Transfers Service.
|Number of bank linked to account.||2+|
|Mode of payment (Withdraw &Deposit).||Online, NEFT/RTGS.|
|Fund Payin processing time .||No Instant.|
|Fund Payout processed (Working Days).||No Instant.|
Turnover & Other Charges.
|Equity (Cash & Delivery) Turnover charges.||0.00325% of Turnover.|
|Equity Futures Turnover charges.||0.0025% of Turnover.|
|Equity Options Turnover charges.||0.050% of Premium Turnover.|
|Currency Futures Turnover charges.||0.0025% of Turnover.|
|Currency Options Turnover charges.||0.0025% of Turnover.|
|Commodities Turnover charges.||0.0025% of Turnover.|
|Dial & Trade charges.||Rs. 18 per Executed Order.|
|DP Transaction charge.||Rs. 18 per Executed Order.|
Mdirect Support & Tools Available.
|Bracket orders & Trailing stoploss.||YES.|
|Cover order.||No Info.|
|User guide & remote end support.||YES.|
Reports & Confirmation.
|Contract notes on Email.||Yes (Register Email ID).|
|Contract notes online.||Yes (Register Email ID).|
|Periodical statement on Email.||Yes (Register Email ID).|
|Trade confirmation on Email.||Yes (Register Email ID).|
|Trade confirmation on SMS.||Yes (Register Email ID).|
|Charting (Intraday & EOD).||YES.|
|Coding or Backtesting (Algo Trading).||No(Algo trading).|
|Referral program (Affiliate).||YES.|
|Training & Education.||Not Available.|
|Online trading community.||Not Available.|
Customer Care Services.
|Contact Details.||Corporate Office.|
M Direct – One BKC
1803, C- Wing, 18th floor,
One Bkc, Opp Indian Oil,
Bandra Kurla Complex,
Bandra Mumbai 400 051.
Land Line : 022 66018300
|Call..||Open a New Account: 1860-267-1671|
For Non-Trading assisstance
|Complaints Or Grievances.||firstname.lastname@example.org|
Mdirect Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Mdirect.
|Customer Experience||4 / 5|
|Trading Platform / Mobile APP||4 / 5|
|Services||3.5 / 5|
|Brokerage Charges||5 / 5|
|Fund Add / Withdrawal||5 / 5|
|Overall Rating||4 / 5|
|NCDEX: Membership ID:01127.|
|FMC Code: NCDEX/TM/CORP/1102.|
|NSE and BSE: INZ230007833.|
|MSEI cash: INB261470133.|
|F&O segment : INF261470133.|
SEBI Research Analyst Number : INH300003314.
Mdirect Frequently Asked Questions
What Is Intraday Brokerage charges In Mdirect?
Ans: Mdirect charges Rs.18 per order for all segments like Stocks, Commodity & Currency.
How Many People Using Mdirect?
Ans: Mdirect has More than 15,000+ active customer.
What are Annual Maintenance Charges for Trading & Demat In Mdirect?
Ans: Mdirect charged Rs.0 for Trading & Rs. 400 per yearly for Demat Annual Maintenance Charges.
What are Account Opening Charges For Trading & Demat In Mdirect?
Ans: Rs.500 of Trading + Demat account opening charges.
Does Mdirect Provide 3 In 1 Account?
Ans: No, Mdirect is a discount full-service stock broker & offer only offer Trading + Demat account.
Is Any Screener Available in Mdirect?
Ans: Currently Mdirect do not offer screener.
Is Algo Trading Facility Is Available With Mdirect?
Ans: No, Algo trading facility now available with Mdirect.
Does Mdirect offer All Three Trading Platform?
Ans: Yes, Mdirect provide all trading platform versions like Desktop software, Web-based, & Mobile Trading App.
How Many Days Are Required To Credit Fund Into My Account In Mdirect?
Ans: Mdirect usually takes 1 working day to credit fund.
Does Investment In Mutual Funds Allowed & charges In Mdirect?
Ans: Mutual funds investments are allowed in Mdirect & Rs.0 brokerage charges for MF investments.
Does Mdirect provide Research & Advisory, Tips?
Ans: No, Mdirect is full-service broker & they offer Research, Advisory.
Do i Apply IPO Through Mdirect?
Ans: Yes, Customer can apply IPO in Mdirect and IPO application process is very easy.
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