• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Mdirect vs TradePlus (Compare Mdirect vs TradePlus)

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 Mdirect vs TradePlus, Below comparison of Mdirect vs TradePlus 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 Mdirect vs TradePlus is given below:

Mdirect TradePlus
About The Brokers
Mdirect :

   >>> more

TradePlus :

Tradeplus has all the things to become very successful in broking industry from very attractive brokerage plans, Margin funding and choice o   >>> more

Find More Information about the Broker :
Mdirect :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
TradePlus :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Mdirect :
 Full Service Broker
TradePlus :
 Discount Broker
Promo/offers
Mdirect :
N/A
TradePlus :
Special Offer: Brokerage Free Equity delivery trading + Flat ₹9 per executed order for Intra-day and F&O Trades. Get the offer
Advantage
Mdirect :

NA

TradePlus :
  •  Lowest Flat and Flexi Brokerage Plans .
  •  Flat rate for stock trading
  •  Demat account services at a very low AMC charge of Rs. 90 per year.
  •  Margin funding
  •  Referral Program
  •  Good Brokerage & Margin Calculator
Disadvantage
Mdirect :

NA

TradePlus :
  •  Call n Trade charges are very high.
  •  INFINI ‐ Trading platform is not free.
  •  SMS charges with monthly plans
  •  Lot of hidden charges
Why This
Mdirect :

NA

TradePlus :
  •  Lowest Flat and Flexi Brokerage Plans.
  •  Tradeplusonline has lowest refundable unlimited trading plans @ Rs 99 per month by category - Equity Option,Currency & Commodity.
  •  Direct Mutual Fund Investments possible.
  •  Possible to invest in IPO/Bond/GSEC Investments.
  •  Avail high Intra margins upto 80x and upto 50% Delivery funding.
  •  Referral Program.
  •  NRI Trading services available.
  •  Lowest Transaction charges in MCX Commodity segment - 400 Rs per crore.
  •  Facility to trade on whats-up chat app.

Mdirect vs TradePlus Account Opening & AMC Charges

- and TradePlus Trading Account Opening Fee is ₹199 . - and TradePlus Demat Account AMC is ₹500 (5 years) .

Mdirect TradePlus
Trading Account Opening Fee Trading Account Opening Fee : - Trading Account Opening Fee :

₹199

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

₹0

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

₹500 (5 years)

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

₹0


Mdirect vs TradePlus Brokerage Charges

Mdirect Brokerage Charges TradePlus Brokerage Charges Equity Delivery is ₹0 (Free) and Equity Intraday is Lower of ₹9 per traded order or 0.01% and Equity Options is ₹9 per traded order .

Mdirect TradePlus
Plan Name - Plan Name :

Basic Plan

Plan Name :

Flat Zero brokerage Scheme

Equity Delivery - Equity Delivery :

₹0 (Free)

Equity Delivery :

₹0 (Free)

Equity Intraday - Equity Intraday :

Lower of ₹9 per traded order or 0.01%

Equity Intraday :

NA

Equity Future - Equity Future :

₹9 per traded order

Equity Future :

₹799 per month (unlimited trading)

Equity Options - Equity Options :

₹9 per traded order

Equity Options :

₹99 per month (unlimited trading)

Currency Futures - Currency Futures :

₹9 per traded order

Currency Futures :

₹99/month (unlimited trading) for futures & Option

Currency Options - Currency Options :

₹9 per traded order

Currency Options :

₹99/month (unlimited trading) for futures & Option

Monthly Fee - Monthly Fee :

As per segment

Monthly Fee :

As per segment

Margin Trading - Margin Trading :

Interest 2% per month

Margin Trading :

Interest 2% per month

Commodity Futures - Commodity Futures :

₹9 per traded order

Commodity Futures :

₹99/month (unlimited trading) for futures & Option

Commodity Options - Commodity Options :

₹9 per traded order

Commodity Options :

₹99/month (unlimited trading) for futures & Option


Mdirect vs TradePlus Transaction Charges (Per Crore)

Mdirect Transaction Charges (Per Crore) - and - . TradePlus Transaction Charges (Per Crore) Equity Future is ₹350 per crore (0.0035%) and Equity Options is ₹7500 per crore (0.075%)(on premium) .

Mdirect TradePlus
Equity Delivery Equity Delivery : - Equity Delivery :

₹330 per crore (0.0033%) (each side)

Equity Intraday Equity Intraday : - Equity Intraday :

₹330 per crore (0.0033%) (sale side)

Equity Future * Equity Future : - Equity Future :

₹350 per crore (0.0035%)

Equity Options * Equity Options : - Equity Options :

₹7500 per crore (0.075%)(on premium)

Currency Futures * Currency Futures : - Currency Futures :

₹165 per crore (0.00165%)

Currency Options Currency Options : - Currency Options :

₹6000 (on premium) per crore (0.06%)

Commodity Commodity : - Commodity :

₹400 (0.004%)


Mdirect vs TradePlus Other Charges

Mdirect and . TradePlus and Call & Trade is Flat ₹75 per day .

Mdirect TradePlus
Minimum Brokerage Minimum Brokerage : - Minimum Brokerage : -
Call & Trade Call & Trade : - Call & Trade :

Flat ₹75 per day

Stamp Duty * Stamp Duty : - Stamp Duty :

(On buy side only) Delivery: 0.015%, Intraday: 0.03%, Equity F&O: 0.002%, Commodity F&O: 0.002% and Currency F&O: 0.0001%.

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

0.03% / minimum of ₹25 & Maximum of ₹250/ Trans.

Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges :

SMS Charges: ₹100 per segment. Software Charges Equity: ₹499 per month, MCX: ₹249 per month


Mdirect vs TradePlus Features

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

Mdirect TradePlus
Trading Platform Trading Platform : - Trading Platform :

INFINI TRADING SOLUTIONS (ITS), Rocket, INFINI MF

Placing orders through charts Placing orders through charts : - Placing orders through charts : -
Trading Alerts Trading Alerts : - Trading Alerts :

Yes

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

No

Detailed Education Initiatives Detailed Education Initiatives : - Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program : - Referral Program :

Yes

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


Mdirect vs TradePlus Demat Account Charges

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

Mdirect TradePlus
Depository Service Provider Depository Service Provider : - Depository Service Provider :

NSDL,CDSL

Account Opening Fee Account Opening Fee : - Account Opening Fee :

₹199

Advance Deposit Advance Deposit : - Advance Deposit :

NIL

AMC AMC : - AMC :

₹0

Dematerialisation Charges Dematerialisation Charges : - Dematerialisation Charges :

₹50 per DRF (up to 5 Certificates)

Rematerialisation Charges Rematerialisation Charges : - Rematerialisation Charges :

₹15 per certificate

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

₹0

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

0.02% (subject to a max of ₹200 per transaction)

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

0.02% of the value of the securities pledged, subject to minimum of ₹50 per Transaction.

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

0.02% of the value of the securities pledged, subject to minimum of ₹50 per Transaction.

Pledge Invocation Charges Pledge Invocation Charges : - Pledge Invocation Charges :

0.02% of the value of the securities pledged, subject to minimum of ₹50 per Transaction.

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

₹15 per transaction

Other Charges Other Charges : - Other Charges : -

Mdirect vs TradePlus Basic Details

Mdirect and and . TradePlus Year of Incorporation is 1995 and Total Number of Clients is 21077 and .

Mdirect TradePlus
Year of Incorporation Year of Incorporation : - Year of Incorporation :

1995

Active Exchange Memberships Active Exchange Memberships : - Active Exchange Memberships :

BSE, NSE, MCX

Demat Services Demat Services : - Demat Services :

No

Website Website : - Website :

https://www.tradeplusonline.com/

Contact Details Contact Details : - Contact Details :

044-49427576

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

21077

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

Infini Web, Infini Power, TradePlus Mobile


Mdirect vs TradePlus Leverage

Leverage

Mdirect TradePlus
Equity Delivery Equity Delivery : - Equity Delivery :

Upto 4X

Equity Intraday Equity Intraday : - Equity Intraday :

Upto 33X

Equity Futures Equity Futures : - Equity Futures :

Intraday leverage 2X | Cover Order Margin 3%

Equity Options Equity Options : - Equity Options :

Intraday Leverage of 2X

Currency Futures Currency Futures : - Currency Futures :

Intraday Leverage of 2X

Currency Options Currency Options : - Currency Options :

1X

Commodity Futures Commodity Futures : - Commodity Futures :

Intraday Leverage of 2X

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

Mdirect vs TradePlus Orders

Orders

Mdirect TradePlus
Cover Orders (CO) Cover Orders (CO) : - Cover Orders (CO) :

Yes

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

Yes

After Market Orders (AMO) After Market Orders (AMO) : - After Market Orders (AMO) :

Yes

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) :

Yes

Good Till Cancelled (GTC) :

Yes


Mdirect vs TradePlus Research and Advice / Trading Tips

Research and Advice / Trading Tips

Mdirect TradePlus
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation :

Yes

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

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile :

Yes

Comparison * Comparison : - Comparison :

Yes

Free Tips * Free Tips : - Free Tips :

Yes

Daily Market report * Daily Market report : - Daily Market report :

No

ETF research * ETF research : - ETF research :

Yes

Quarterly Results * Quarterly Results : - Quarterly Results : -

Mdirect vs TradePlus Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Mdirect TradePlus
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 : -

Mdirect vs TradePlus Product & Services

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

Mdirect TradePlus
Delivery Based Trading * Delivery Based Trading : - Delivery Based Trading :

Yes

Margin Trading * Margin Trading : - Margin Trading :

Yes

Call in Trade * Call in Trade : - Call in Trade :

Yes

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

Yes

Limit Order * Limit Order : - Limit Order :

Yes

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

No

NRI Services * NRI Services : - NRI Services :

Yes

SMS Alerts * SMS Alerts : - SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan : - Offers Multiple Plan :

Yes

IPO Investment * IPO Investment : - IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator : - Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order : - Stop Loss Order :

Yes

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

Yes

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

Yes

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

Yes

Market Trading * Market Trading : - Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan : - Monthly & Yearly Plan :

Yes

Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading :

Yes


Mdirect vs TradePlus Customer Services

Mdirect and TradePlus 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:

Mdirect TradePlus
Toll Free Number * Toll Free Number : - Toll Free Number :

Yes

Live Chat Facility * Live Chat Facility : - Live Chat Facility :

Yes

Email Facility * Email Facility : - Email Facility :

Yes

Branch Offices * Branch Offices : - Branch Offices :

No

Customer Care * Customer Care : - Customer Care :

Yes

Community Service * Community Service : - Community Service :

Yes

Relationship Manager * Relationship Manager : - Relationship Manager :

Yes

24/7 Support * 24/7 Support : - 24/7 Support : -

Mdirect vs TradePlus Other Investement

Mdirect and TradePlus 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:

Mdirect TradePlus
Commodity Trading * Commodity Trading : - Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs : - Investment in ETFs :

Yes

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

Yes

Investment in Bonds * Investment in Bonds : - Investment in Bonds :

Yes

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

Yes

Insurance Services * Insurance Services : - Insurance Services :

No

Banking Services * Banking Services : - Banking Services :

No


Mdirect vs TradePlus Trading PlatForm

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

Mdirect TradePlus
Web Platform * Web Platform : - Web Platform :

Yes

Android Mobile App * Android Mobile App : - Android Mobile App :

Yes

Desktop Windows * Desktop Windows : - Desktop Windows :

Yes

Desktop Mac * Desktop Mac : - Desktop Mac :

No

I-Pad App * I-Pad App : - I-Pad App :

Yes

Virtual Trading * Virtual Trading : - Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App :

Yes

Contact Now Enquire Now Enquire Now

User Reviews

Post New Message
0  Comments
- - -   Compare More Brokers   - - -
MdirectTradePlus
 Compare Mdirect vs Zerodha
 Compare Mdirect vs ICICI Direct
 Compare Mdirect vs Upstox
 Compare Mdirect vs HDFC Securities
 Compare Mdirect vs Sharekhan
 Compare Mdirect vs MyValueTrade
 Compare Mdirect vs SAMCO
 Compare Mdirect vs Axis Direct
 Compare Mdirect vs Kotak Securities
 Compare Mdirect vs Trade Smart
 Compare Mdirect vs SAS Online
 Compare Mdirect vs Angel Broking
 Compare Mdirect vs Motilal Oswal
 Compare Mdirect vs 5paisa
 Compare Mdirect vs ProStocks
 Compare Mdirect vs Geojit BNP Paribas
 Compare Mdirect vs Paytm Money
 Compare Mdirect vs Alice Blue
 Compare Mdirect vs LSE Securities
 Compare Mdirect vs Mangal Keshav
 Compare Mdirect vs Marwadi Group
 Compare Mdirect vs Ventura
 Compare Mdirect vs Mastertrust
 Compare Mdirect vs SBICAP Securities
 Compare Mdirect vs TradingBell
 Compare Mdirect vs Networth Direct
 Compare Mdirect vs Nirmal Bang
 Compare Mdirect vs Sushil Finance
 Compare Mdirect vs Reliance Securities
 Compare Mdirect vs Religare Broking
 Compare Mdirect vs SMC Global
 Compare Mdirect vs Stoxkart
 Compare Mdirect vs Anand Rathi
 Compare Mdirect vs Achiievers
 Compare Mdirect vs Tradejini
 Compare Mdirect vs Groww
 Compare Mdirect vs Wisdom Capital
 Compare Mdirect vs TradePlus
 Compare Mdirect vs Compositedge
 Compare Mdirect vs RKGlobal
 Compare Mdirect vs Fyers
 Compare Mdirect vs Aditya Birla Money
 Compare Mdirect vs Karvy
 Compare Mdirect vs Arihant Capital
 Compare Mdirect vs Bonanza Portfolio
 Compare Mdirect vs Edelweiss
 Compare Mdirect vs GCL Securities
 Compare Mdirect vs GEPL Capital
 Compare Mdirect vs IDBI Capital
 Compare Mdirect vs IIFL
 Compare Mdirect vs Indiabulls Ventures
 Compare Mdirect vs Just Trade
 Compare TradePlus vs Zerodha
 Compare TradePlus vs ICICI Direct
 Compare TradePlus vs Upstox
 Compare TradePlus vs HDFC Securities
 Compare TradePlus vs Sharekhan
 Compare TradePlus vs MyValueTrade
 Compare TradePlus vs SAMCO
 Compare TradePlus vs Axis Direct
 Compare TradePlus vs Kotak Securities
 Compare TradePlus vs Trade Smart
 Compare TradePlus vs SAS Online
 Compare TradePlus vs Angel Broking
 Compare TradePlus vs Motilal Oswal
 Compare TradePlus vs 5paisa
 Compare TradePlus vs ProStocks
 Compare TradePlus vs Geojit BNP Paribas
 Compare TradePlus vs Paytm Money
 Compare TradePlus vs Alice Blue
 Compare TradePlus vs LSE Securities
 Compare TradePlus vs Mangal Keshav
 Compare TradePlus vs Marwadi Group
 Compare TradePlus vs Ventura
 Compare TradePlus vs Mastertrust
 Compare TradePlus vs Mdirect
 Compare TradePlus vs SBICAP Securities
 Compare TradePlus vs TradingBell
 Compare TradePlus vs Networth Direct
 Compare TradePlus vs Nirmal Bang
 Compare TradePlus vs Sushil Finance
 Compare TradePlus vs Reliance Securities
 Compare TradePlus vs Religare Broking
 Compare TradePlus vs SMC Global
 Compare TradePlus vs Stoxkart
 Compare TradePlus vs Anand Rathi
 Compare TradePlus vs Achiievers
 Compare TradePlus vs Tradejini
 Compare TradePlus vs Groww
 Compare TradePlus vs Wisdom Capital
 Compare TradePlus vs Compositedge
 Compare TradePlus vs RKGlobal
 Compare TradePlus vs Fyers
 Compare TradePlus vs Aditya Birla Money
 Compare TradePlus vs Karvy
 Compare TradePlus vs Arihant Capital
 Compare TradePlus vs Bonanza Portfolio
 Compare TradePlus vs Edelweiss
 Compare TradePlus vs GCL Securities
 Compare TradePlus vs GEPL Capital
 Compare TradePlus vs IDBI Capital
 Compare TradePlus vs IIFL
 Compare TradePlus vs Indiabulls Ventures
 Compare TradePlus vs Just Trade