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.

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One on One comparison of Mdirect vs TradePlus is given below:

Mdirect

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TradePlus

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	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
Pros	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
Cons	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
Equity Delivery	-	Equity Delivery : ₹0 (Free)
Equity Intraday	-	Equity Intraday : Lower of ₹9 per traded order or 0.01%
Equity Future	-	Equity Future : ₹9 per traded order
Equity Options	-	Equity Options : ₹9 per traded order
Currency Futures	-	Currency Futures : ₹9 per traded order
Currency Options	-	Currency Options : ₹9 per traded order
Monthly Fee	-	Monthly Fee : As per segment
Margin Trading	-	Margin Trading : Interest 2% per month
Commodity Futures	-	Commodity Futures : ₹9 per traded order
Commodity Options	-	Commodity Options : ₹9 per traded order

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 21377+ 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 : 21377+
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : -	Products : Infini Web, Infini Power, TradePlus Mobile

Mdirect vs TradePlus Charts and Data

Mdirect and TradePlus both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	Mdirect	TradePlus
Live data source	Live data source : -	Live data source : -
Advanced Charting tools	Advanced Charting tools : -	Advanced Charting tools : -
Multi-Chart Setup	Multi-Chart Setup : -	Multi-Chart Setup : -
No.of indicators	No.of indicators : -	No.of indicators : -
No.of charts can be opened	No.of charts can be opened : -	No.of charts can be opened : -
Live Scanners	Live Scanners : -	Live Scanners : -
Customizable screeners	Customizable screeners : -	Customizable screeners : -
Trading from charts	Trading from charts : -	Trading from charts : -
Compare Symbol performance on Chart	Compare Symbol performance on Chart : -	Compare Symbol performance on Chart : -
Options charts	Options charts : -	Options charts : -
Continuous futures charts	Continuous futures charts : -	Continuous futures charts : -
Intraday historical data for charts	Intraday historical data for charts : -	Intraday historical data for charts : -
End of Day historical data for charts	End of Day historical data for charts : -	End of Day historical data for charts : -
Corporate action adjusted charts	Corporate action adjusted charts : -	Corporate action adjusted charts : -
Back Testing	Back Testing : -	Back Testing : -
Options Chain	Options Chain : -	Options Chain : -
Heat Maps	Heat Maps : -	Heat Maps : -
Analytics	Analytics : -	Analytics : -
Price Ladder	Price Ladder : -	Price Ladder : -

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 : -

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

Mdirect vs TradePlus Company Information

	Mdirect	TradePlus
Financials *	Financials : -	Financials : Yes
News *	News : -	News : -
Company Analysis *	Company Analysis : Yes	Company Analysis : Yes
Contact Now	Enquire Now	Enquire Now