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Fyers vs Mdirect (Compare Fyers 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 Fyers vs Mdirect, Below comparison of Fyers 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 Fyers vs Mdirect is given below:

Fyers Mdirect
About The Brokers
Fyers :

"FYERS is the revolutionary name in the stockbroker industry who has bought crisp technology and smooth trading platform along with the concept of thematic investment"   >>> more

Mdirect :

   >>> more

Find More Information about the Broker :
Fyers :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Mdirect :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Fyers :
 Discount Broker
Mdirect :
 Full Service Broker
Promo/offers
Fyers :
Special Offer: Free equity delivery trade for Lifetime + Flat ₹20 Intra-day and F&O trades. Get the offer
Mdirect :
N/A
Advantage
Fyers :
  •   Rs. 20 flat-fee trades.
  •   Brokerage free Investment in Mutual funds
  •   Brokerage free Equity delivery Trade
  •   High Performance Trading platforms
  •   Free Demat & Trading account for Life, Fyers do not charge trading and demat account opening fees & AMC.
  •   They provide unique portfolio investment for new entrants in the market called thematic investing at 100 per theme. (Buying at Free of cost , ₹100 or 2% (Whichever is lower) on Sell/Exit, Re-balance, Modify
  • No Hidden Charges , Fyers is very transparent on charges  
  • All trading software are available for free of cost  
  • Possibility of earning via referral, earn 20% of the revenues generated by your friends, for life
  • Trade profitably for 30 days & get your brokerage refunded.
Mdirect :

NA

Disadvantage
Fyers :
  •   No team of experts for market research.
  • Rs. 50 Admin square-off Charges
  •   Call & Trade services at Rs 50 per executed order
Mdirect :

NA

Why This
Fyers :
  •  They Charge Flat brokerage of ₹20/- per executed order.
  •  Brokerage free Equity delivery Trade & Mutual Fund Investment.
  •  No proprietary trading. Pure brokerage firm.
  •  The distinguishing feature of Fyers- "Thematic investing".
  •  Technological advance online trading platforms are provided to its customers.
  •  They have customer support above average, and referral programmes are also worth investing your valuable time.
  •  Provide various researching tools like Margin, Brokerage, brokerage comparison calculator, option strategy.
  •  Trade profitably for 30 days & get your brokerage refunded.
  • Trade from charts, get the most popular technical indicators, drawing tools, multiple charts and many other functions. 
  •  Maximum Historical data- Get 24+ years of historical EOD & 4+ years of historical intraday charts with 100+ technical indicators.
  •  IPOs and FPOs through UPI payments.
Mdirect :

NA


Fyers vs Mdirect Account Opening & AMC Charges

Fyers Trading Account Opening Fee is ₹0 (Free) and - . Fyers Demat Account AMC is ₹0 (Free) and - .

Fyers Mdirect
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

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

₹0 (Free)

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

₹0 (Free)

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

₹0 (Free)

Trading Account AMC : -

Fyers vs Mdirect Brokerage Charges

Fyers Brokerage Charges Equity Delivery is ₹0 (Free) and Equity Intraday is ₹20 per executed order or .03% whichever is lower and Equity Options is ₹20 per executed order . Mdirect Brokerage Charges

Fyers Mdirect
Plan Name Plan Name :

Fyers

-
Equity Delivery Equity Delivery :

₹0 (Free)

-
Equity Intraday Equity Intraday :

₹20 per executed order or .03% whichever is lower

-
Equity Future Equity Future :

₹20 per executed order or .03% whichever is lower

-
Equity Options Equity Options :

₹20 per executed order

-
Currency Futures Currency Futures :

₹20 per executed order or .03% whichever is lower

-
Currency Options Currency Options :

₹20 per executed order

-
Monthly Fee Monthly Fee :

NA

-
Margin Trading Margin Trading : - -
Commodity Futures Commodity Futures :

₹20 per executed order or .03% whichever is lower

-
Commodity Options Commodity Options :

₹20 per executed order

-

Fyers vs Mdirect Transaction Charges (Per Crore)

Fyers Transaction Charges (Per Crore) Equity Future is ₹240 per Cr (0.0024%) and Equity Options is ₹5900 per Cr (on premium) (0.059%) . Mdirect Transaction Charges (Per Crore) - and - .

Fyers Mdirect
Equity Delivery Equity Delivery :

₹325 per Cr (0.00325%)

Equity Delivery : -
Equity Intraday Equity Intraday :

₹325 per Cr (0.00325%)

Equity Intraday : -
Equity Future * Equity Future :

₹240 per Cr (0.0024%)

Equity Future : -
Equity Options * Equity Options :

₹5900 per Cr (on premium) (0.059%)

Equity Options : -
Currency Futures * Currency Futures :

₹240 per Cr (0.0024%)

Currency Futures : -
Currency Options Currency Options :

₹5900 per Cr (on premium) (0.059%)

Currency Options : -
Commodity Commodity :

NA

Commodity : -

Fyers vs Mdirect Other Charges

Fyers Minimum Brokerage is NA and Call & Trade is ₹50 per trade . Mdirect and .

Fyers Mdirect
Minimum Brokerage Minimum Brokerage :

NA

Minimum Brokerage : -
Call & Trade Call & Trade :

₹50 per trade

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) :

₹7 + ₹5.5 (CDSL Charges)

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

Square-off by Fyers - ₹50/ trade, NRI Brokerage: ₹100/ executed order (For all segments)

Other Miscellaneous Charges : -

Fyers vs Mdirect Features

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

Fyers Mdirect
Trading Platform Trading Platform :

FYERS One Desktop, Mobile and Web Platform

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 :

Yes

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

30 Day Challenge, Thematic Investing

Unique features & Offers : -
Referral Program Referral Program :

1

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


Fyers vs Mdirect Demat Account Charges

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

Fyers Mdirect
Depository Service Provider Depository Service Provider :

CDSL & NSDL

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

Free

Account Opening Fee : -
Advance Deposit Advance Deposit :

NIL

Advance Deposit : -
AMC AMC :

₹0 (Free)

AMC : -
Dematerialisation Charges Dematerialisation Charges :

₹0 per certificate + ₹35 courier charges

Dematerialisation Charges : -
Rematerialisation Charges Rematerialisation Charges :

₹0

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

₹0

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

₹7 + ₹5.50 flat for every debit transaction

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

₹0

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

₹0

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

₹0

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

₹0

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

Fyers vs Mdirect Basic Details

Fyers Year of Incorporation is 2015 and Total Number of Clients is 68375 and . Mdirect and and .

Fyers Mdirect
Year of Incorporation Year of Incorporation :

2015

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

NSE, BSE, MCX

Active Exchange Memberships : -
Demat Services Demat Services :

Yes

Demat Services : -
Website Website :

http://fyers.in/

Website : -
Contact Details Contact Details :

080-46251111

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

68375

Total Number of Clients : -
Total Number of Branches Total Number of Branches : - Total Number of Branches : -
Products * Products : - Products : -

Fyers vs Mdirect Leverage

Leverage

Fyers Mdirect
Equity Delivery Equity Delivery :

100% of trade value (1x leverage)

Equity Delivery : -
Equity Intraday Equity Intraday :

Up to 20% of trade value (5x leverage)

Equity Intraday : -
Equity Futures Equity Futures : - Equity Futures : -
Equity Options Equity Options : - Equity Options : -
Currency Futures Currency Futures : - Currency Futures : -
Currency Options Currency Options : - Currency Options : -
Commodity Futures Commodity Futures :

NA

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

100% of NRML margin (Span + Exposure) (1x leverage

F&O (Eq, Curr, Comm) : -

Fyers vs Mdirect Orders

Orders

Fyers 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) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

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

No

Good Till Cancelled (GTC) :

Yes


Fyers vs Mdirect Research and Advice / Trading Tips

Research and Advice / Trading Tips

Fyers 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 :

No

Daily Market report : -
ETF research * ETF research :

No

ETF research : -
Quarterly Results * Quarterly Results :

No

Quarterly Results : -

Fyers vs Mdirect Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Fyers Mdirect
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.10,000

Investment required for Franchisee / AP : -

Fyers vs Mdirect Product & Services

Fyers 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:

Fyers Mdirect
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

No

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 :

Yes

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 :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

No

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

No

Offers Multiple Plan : -
IPO Investment * IPO Investment :

Yes

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 :

No

Aumtomated Trading : -

Fyers vs Mdirect Customer Services

Fyers 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:

Fyers 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 :

No

Branch Offices : -
Customer Care * Customer Care :

Yes

Customer Care : -
Community Service * Community Service :

Yes

Community Service : -
Relationship Manager * Relationship Manager :

No

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

No

24/7 Support : -

Fyers vs Mdirect Other Investement

Fyers 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:

Fyers Mdirect
Commodity Trading * Commodity Trading :

Yes

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

No

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 :

No

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

No

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

Fyers vs Mdirect Trading PlatForm

Fyers 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:

Fyers 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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