Mdirect Mdirect
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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
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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

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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
Online Presence

Google trend over time
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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.

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

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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
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Account Opening Costs

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Trading only 100
Trading & Demat 200
Commodity 200
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Transparency & other costs

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

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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
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Platforms

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Software
Web/HTML 5
Mobile
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Charting

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Intraday 1 Day
End of Day 3 Years
Coding/Backtesting
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Reporting

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Online Trade Reports
Online PNL Reports
Online Contract Notes
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Margins

Leverage Provided

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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
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Support & Tools

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Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
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Convenience

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3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Quick Comparison

Reviews on Mdirect

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NEWS ON MDIRECT

Dsp Blackrock Fmp - Series 220 - 40 M - Direct Plan - Growth Option - Compliances-Reg. 90 (1) Declaration of NAV - Mutual Fund - The Hindu BusinessLine

16 April 2019

Dsp Blackrock Daf Series 44- 39 M- Direct - Growth - Compliances-Reg. 90 (1) Declaration of NAV - Mutual Fund - The Hindu BusinessLine

16 April 2019

Icici Prudential Fixed Maturity Plan- Series 70 - 368 Days Plan M (Direct Plan Dividend) - Compliances-Reg. 90 (1) - Portfolio of Mutual Fund Schemes - The Hindu BusinessLine

10 April 2019

Icici Prudential Fmp - Series 82 - 1185 Days Plan M - Direct Plan Quarterly Dividend Option - Compliances-Reg. 90 (1) - Portfolio of Mutual Fund Schemes - The Hindu BusinessLine

10 April 2019

Snow forecast for Devon as weather turns wintry this week - Devon Live

01 April 2019

Therapix Biosciences launches $2.3M direct offering - PitchBook News & Analysis

01 April 2019