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Alice Blue vs Mdirect (Compare Alice Blue vs Mdirect)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Alice Blue vs Mdirect, Below comparison of Alice Blue vs Mdirect highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Alice Blue vs Mdirect is given below:

Alice Blue Mdirect
About The Brokers
Alice Blue :

"Started in 2006, Alice Blue provides Stock & Commodity trading at the lowest brokerage fee and has a network of 17 branches located in major cities along with more th   >>> more

Mdirect :

   >>> more

Find More Information about the Broker :
Alice Blue :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Mdirect :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Alice Blue :
 Discount Broker
Mdirect :
 Full Service Broker
Promo/offers
Alice Blue :
Special Offer: Brokerage free Equity Delivery trading+ Flat ₹15 and F&O trades. Get the offer
Mdirect :
N/A
Advantage
Alice Blue :
  •  Free Delivery Trade
  •  Lowest Brokerage charges on Intrady & F&O at Rs 15 Per Trade.
  •  commission Free mutual fund investment
  •  Free Trading & Demate account opening
  •  Instant digital account opening
  •  No minimum brokerage. No minimum commitment. No Prepaid Plans.
  •  ANT Trading Software is available for free to all its customers.
  •  The daily market report is available for free to all customers.
  •  Free API for Algo trading.
  •  Up to 10 times exposure on Equity via Bracket Order..
Mdirect :

NA

Disadvantage
Alice Blue :
  •  Does not provide a 3in1 account facility.
  •  Does not provide trading options: GTC (Good Till Cancelled) & GTT orders
  •  Do not Offer NRI Trading
  •  3rd party trading tools are not free and charge a subscription fee.
  •  Online IPO, NCD, and Corporate bonds are not available.
  •  Broker-assisted trades (Call & Trade) are available at an extra Rs 20 per executed order.
Mdirect :

NA

Why This
Alice Blue :
  •  Free Delivery Trade, Alice Blue does not charge any brokerage on Delivery trade.
  •  They offer Equity intraday trade at ₹15 or 0.01% (whichever is lower)
  •  Alice Blue provides mutual funds investment at Zero Commission, No transaction charges,
  •  100% paperless online Demat account opening
  •  Advanced Trading Tools- ANT Meta and , ANT Scanner. and other 3rd party tools.
  •  Free trading software's to all its customers.
  •  Trade School an online resource for learning investment concepts and trading skills.
  •  Experience trust of over 20 years as a full-service broker.
  •  Advanced charts and other options like cover order,bracket order and Aftermarket order (AMO) are available
  •  Provides Brokerage & Margin Calculator
Mdirect :

NA


Alice Blue vs Mdirect Account Opening & AMC Charges

Alice Blue Trading Account Opening Fee is ₹0 and - . Alice Blue Demat Account AMC is ₹0 and - .

Alice Blue Mdirect
Trading Account Opening Fee Trading Account Opening Fee :

₹0

Trading Account Opening Fee : -
Demat Account Opening Fee Demat Account Opening Fee :

₹0

Demat Account Opening Fee : -
Demat Account AMC Demat Account AMC :

₹0

Demat Account AMC : -
Trading Account AMC Trading Account AMC :

₹400

Trading Account AMC : -

Alice Blue vs Mdirect Brokerage Charges

Alice Blue Brokerage Charges Equity Delivery is Free and Equity Intraday is 0.01 or ₹15/Trade whichever is lower and Equity Options is Flat ₹15 per executed order . Mdirect Brokerage Charges

Alice Blue Mdirect
Plan Name Plan Name :

Freedom Plan (F15)

-
Equity Delivery Equity Delivery :

Free

-
Equity Intraday Equity Intraday :

0.01 or ₹15/Trade whichever is lower

-
Equity Future Equity Future :

0.01 or ₹15/Trade whichever is lower

-
Equity Options Equity Options :

Flat ₹15 per executed order

-
Currency Futures Currency Futures :

0.01 or ₹15/Trade whichever is lower

-
Currency Options Currency Options :

Flat ₹15 per executed order

-
Monthly Fee Monthly Fee :

NA

-
Margin Trading Margin Trading :

Yes

-
Commodity Futures Commodity Futures :

0.01 or ₹15/Trade whichever is lower

-
Commodity Options Commodity Options :

Flat ₹15 per executed order

-

Alice Blue vs Mdirect Transaction Charges (Per Crore)

Alice Blue Transaction Charges (Per Crore) Equity Future is NSE ₹200 per Cr (0.0020%) and Equity Options is NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side) . Mdirect Transaction Charges (Per Crore) - and - .

Alice Blue Mdirect
Equity Delivery Equity Delivery :

NSE ₹345 per Cr (0.00325%) | BSE ₹345 per Cr

Equity Delivery : -
Equity Intraday Equity Intraday :

NSE ₹345 per Cr (0.00325%) | BSE ₹345 per Cr

Equity Intraday : -
Equity Future * Equity Future :

NSE ₹200 per Cr (0.0020%)

Equity Future : -
Equity Options * Equity Options :

NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side)

Equity Options : -
Currency Futures * Currency Futures :

NSE ₹260 per Cr (0.00026%)

Currency Futures : -
Currency Options Currency Options :

NSE ₹3260 per Cr (0.032%) (on premium)

Currency Options : -
Commodity Commodity :

₹375 per Cr (0.00375%)

Commodity : -

Alice Blue vs Mdirect Other Charges

Alice Blue Minimum Brokerage is ₹0 and Call & Trade is ₹20 per executed order . Mdirect and .

Alice Blue Mdirect
Minimum Brokerage Minimum Brokerage :

₹0

Minimum Brokerage : -
Call & Trade Call & Trade :

₹20 per executed order

Call & Trade : -
Stamp Duty * Stamp Duty :

Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%

Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹15 per transaction

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges : -

Alice Blue vs Mdirect Features

Alice Blue and Mdirect both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Alice Blue Mdirect
Trading Platform Trading Platform :

Front End: ANT | Back End: Omnesys NEST

Trading Platform : -
Placing orders through charts Placing orders through charts :

Yes

Placing orders through charts : -
Trading Alerts Trading Alerts :

Yes

Trading Alerts : -
Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives : -
Unique features & Offers Unique features & Offers :

Algo Trading

Unique features & Offers : -
Referral Program Referral Program :

Yes

Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

Yes


Alice Blue vs Mdirect Demat Account Charges

A comparative table of various demat account charges between Alice Blue and Mdirect is below:

Alice Blue Mdirect
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider : -
Account Opening Fee Account Opening Fee :

Nil

Account Opening Fee : -
Advance Deposit Advance Deposit :

NA

Advance Deposit : -
AMC AMC :

₹400

AMC : -
Dematerialisation Charges Dematerialisation Charges :

Rs 10 per certificate + Rs 50 per request

Dematerialisation Charges : -
Rematerialisation Charges Rematerialisation Charges :

Rs 30 (Per certificate) + CDSL Charges

Rematerialisation Charges : -
Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

Rs 15 flat for every debit transaction

Transaction Charges (debit) : -
Pledge Creation Charges Pledge Creation Charges :

Rs 20 + Rs 12 per request (CDSL Charges)

Pledge Creation Charges : -
Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges : - Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

Rs 20

Pledge Invocation Charges : -
Failed Instruction Charges Failed Instruction Charges :

Rs 50 per ISIN

Failed Instruction Charges : -
Other Charges Other Charges : - Other Charges : -

Alice Blue vs Mdirect Basic Details

Alice Blue Year of Incorporation is 2006 and Total Number of Clients is 143792 and Total Number of Branches is 17 . Mdirect and and .

Alice Blue Mdirect
Year of Incorporation Year of Incorporation :

2006

Year of Incorporation : -
Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX

Active Exchange Memberships : -
Demat Services Demat Services :

No

Demat Services : -
Website Website :

www.aliceblueonline.com

Website : -
Contact Details Contact Details :

080-61575500|080-45490850

Contact Details : -
Total Number of Clients Total Number of Clients :

143792

Total Number of Clients : -
Total Number of Branches Total Number of Branches :

17

Total Number of Branches : -
Products * Products :

Mutual Fund, Equity, Currency & Commodity

Products : -

Alice Blue vs Mdirect Leverage

Leverage

Alice Blue Mdirect
Equity Delivery Equity Delivery :

Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x

Equity Delivery : -
Equity Intraday Equity Intraday :

Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x

Equity Intraday : -
Equity Futures Equity Futures :

Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x

Equity Futures : -
Equity Options Equity Options :

Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x

Equity Options : -
Currency Futures Currency Futures :

Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x

Currency Futures : -
Currency Options Currency Options :

Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x

Currency Options : -
Commodity Futures Commodity Futures :

Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x

Commodity Futures : -
Commodity Options Commodity Options : - Commodity Options : -
F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) : - F&O (Eq, Curr, Comm) : -

Alice Blue vs Mdirect Orders

Orders

Alice Blue Mdirect
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes


Alice Blue vs Mdirect Research and Advice / Trading Tips

Research and Advice / Trading Tips

Alice Blue Mdirect
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile : -
Comparison * Comparison :

No

Comparison : -
Free Tips * Free Tips :

No

Free Tips : -
Daily Market report * Daily Market report :

Yes

Daily Market report : -
ETF research * ETF research :

No

ETF research : -
Quarterly Results * Quarterly Results :

No

Quarterly Results : -

Alice Blue vs Mdirect Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Alice Blue Mdirect
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP : -

Alice Blue vs Mdirect Product & Services

Alice Blue and Mdirect both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Alice Blue Mdirect
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade :

Yes

Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges : -
Limit Order * Limit Order : - Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

No

NRI Services : -
SMS Alerts * SMS Alerts :

No

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan : -
IPO Investment * IPO Investment :

No

IPO Investment : -
Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator : -
Margin Calculator * Margin Calculator :

Yes

Margin Calculator : -
Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading : -
Market Trading * Market Trading :

Yes

Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading :

Yes

Aumtomated Trading : -

Alice Blue vs Mdirect Customer Services

Alice Blue and Mdirect both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Alice Blue Mdirect
Toll Free Number * Toll Free Number :

No

Toll Free Number : -
Live Chat Facility * Live Chat Facility :

No

Live Chat Facility : -
Email Facility * Email Facility :

Yes

Email Facility : -
Branch Offices * Branch Offices :

Yes

Branch Offices : -
Customer Care * Customer Care :

No

Customer Care : -
Community Service * Community Service :

No

Community Service : -
Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support : -

Alice Blue vs Mdirect Other Investement

Alice Blue and Mdirect both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Alice Blue Mdirect
Commodity Trading * Commodity Trading :

Yes

Commodity Trading : -
Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds :

No

Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services :

No

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

Alice Blue vs Mdirect Trading PlatForm

Alice Blue and Mdirect both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Alice Blue Mdirect
Web Platform * Web Platform :

Yes

Web Platform : -
Android Mobile App * Android Mobile App :

Yes

Android Mobile App : -
Desktop Windows * Desktop Windows :

Yes

Desktop Windows : -
Desktop Mac * Desktop Mac :

No

Desktop Mac : -
I-Pad App * I-Pad App :

Yes

I-Pad App : -
Virtual Trading * Virtual Trading :

No

Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App : -
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