Mdirect

Mdirect

Open an account

Background

Avg rating

Your rating

Year of Incorporation	2011
Website	http://www.mdirect.co.in
Phone	022- 66018300
Exchanges enabled	NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL)	CDSL

Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

Avg rating

Your rating

Profit after Tax FY11/12
Profit after Tax FY12/13
Profit after Tax FY13/14
Profit after Tax FY 14/15
Profit after Tax FY 15/16
Debt FY11/12
Debt FY12/13
Debt FY13/14
Debt FY14/15
Debt FY15/16
Profit to Equity(%) FY11/12
Profit to Equity(%) FY12/13
Profit to Equity(%) FY13/14
Profit to Equity(%) FY14/15
Profit to Equity(%) FY15/16
Balance Sheet Size FY11/12
Balance Sheet Size FY12/13
Balance Sheet Size FY13/14
Balance Sheet Size FY14/15
Balance Sheet Size FY15/16

Online Presence

Google trend over time

Active clients

Active clients data source: NSE, as on end of every calendar year in December. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

Avg rating

Your rating

Active clients - 2013	NA
Active clients - 2014	NA
Active clients - 2015	696
Active clients - 2016	NA

Brokerage

Avg rating

Your rating

Equity	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

Account Opening Costs

Avg rating

Your rating

Trading only	100
Trading & Demat	200
Commodity	200

Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Avg rating

Your rating

Equity	0.00325% of Turnover
Futures	0.0025% of Turnover
Options	0.050% of Premium Turnover
Commodities	0.0025% of Turnover
AMC charge	Rs 400/year
DP Transaction Charge	Rs. 18
Offline order placing Charge	Rs. 18 per Executed Order

Platforms

Avg rating

Your rating

Software
Web/HTML 5
Mobile

Charting

Avg rating

Your rating

Intraday	1 Day
End of Day	3 Years
Coding/Backtesting

Reporting

Avg rating

Your rating

Online Trade Reports
Online PNL Reports
Online Contract Notes

Margins

Leverage Provided

Avg rating

Your rating

Equity	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