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

Mdirect vs Upstox (Compare Mdirect vs Upstox)

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

Mdirect Upstox
About The Brokers
Mdirect :

   >>> more

Upstox :

"Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co   >>> more

Find More Information about the Broker :
Mdirect :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Upstox :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Mdirect :
 Full Service Broker
Upstox :
 Discount Broker
Promo/offers
Mdirect :
N/A
Upstox :
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Advantage
Mdirect :

NA

Upstox :
  • No Brokerage on Equity delivery.
  • Low cost Brokerage
  • Self-directed, easy to use online learning for all levels
  • Easy to get started with Aadhar based signup
  • Good Brokerage & Margin Calculator
  • Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you
Disadvantage
Mdirect :

NA

Upstox :
  • No margin funding
  • Does not provide Tips & recommendation
  • Turnover charges on futures and options is higher than competitors
  • Upstox doesn't offer unlimited monthly trading plans.
  • Doesn't offer research based services.
  • Charges on Funds Transfer @ ₹7 per fund transfer.
Why This
Mdirect :

NA

Upstox :
  • Upstox offers zero brokerage on equity delivery trade and a mere ₹20 per transaction on intraday and F&O trades.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Equity delivery trading is free.
  • Offers NRI trading.
  • Offers Mutual Fund Investment, SIP Investement.
  • Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix
  • Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.

Mdirect vs Upstox Account Opening & AMC Charges

- and Upstox Trading Account Opening Fee is ₹150+GST . - and Upstox Demat Account AMC is ₹300 .

Mdirect Upstox
Trading Account Opening Fee Trading Account Opening Fee : - Trading Account Opening Fee :

₹150+GST

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

₹0 (Free)

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

₹300

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

₹0 (Free)


Mdirect vs Upstox Brokerage Charges

Mdirect Brokerage Charges Upstox Brokerage Charges Equity Delivery is ₹0 and Equity Intraday is ₹30 per executed order or 0.10% whichever is lower and Equity Options is ₹30 per executed order . Equity Delivery is ₹0 (Free) and Equity Intraday is ₹20 per executed order or 0.05% whichever is lower and Equity Options is ₹20 per executed order .

Mdirect Upstox
Plan Name - Plan Name :

Upstox Priority

Plan Name :

Basic Plan

Equity Delivery - Equity Delivery :

₹0

Equity Delivery :

₹0 (Free)

Equity Intraday - Equity Intraday :

₹30 per executed order or 0.10% whichever is lower

Equity Intraday :

₹20 per executed order or 0.05% whichever is lower

Equity Future - Equity Future :

₹30 per executed order or 0.10% whichever is lower

Equity Future :

₹20 per executed order or 0.05% whichever is lower

Equity Options - Equity Options :

₹30 per executed order

Equity Options :

₹20 per executed order

Currency Futures - Currency Futures :

₹30 per executed order or 0.10% whichever is lower

Currency Futures :

₹20 per executed order or 0.05% whichever is lower

Currency Options - Currency Options :

₹30 per executed order

Currency Options :

₹20 per executed order

Monthly Fee - Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading - Margin Trading :

Yes

Margin Trading :

NA

Commodity Futures - Commodity Futures :

₹30 per executed order or 0.10% whichever is lower

Commodity Futures :

₹20 per executed order or 0.05% whichever is lower

Commodity Options - Commodity Options :

₹30 per executed order

Commodity Options :

₹20 per executed order


Mdirect vs Upstox Transaction Charges (Per Crore)

Mdirect Transaction Charges (Per Crore) - and - . Upstox Transaction Charges (Per Crore) Equity Future is NSE ₹210 per Cr (0.0021%) and Equity Options is NSE ₹5500 per Cr (0.055%) (on premium) .

Mdirect Upstox
Equity Delivery Equity Delivery : - Equity Delivery :

NSE ₹325 per Cr (0.00325%) (each side)

Equity Intraday Equity Intraday : - Equity Intraday :

NSE ₹325 per Cr (0.00325%) (each side)

Equity Future * Equity Future : - Equity Future :

NSE ₹210 per Cr (0.0021%)

Equity Options * Equity Options : - Equity Options :

NSE ₹5500 per Cr (0.055%) (on premium)

Currency Futures * Currency Futures : - Currency Futures :

NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)

Currency Options Currency Options : - Currency Options :

NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)

Commodity Commodity : - Commodity :

Group A - ₹290 per Cr (0.0029%)


Mdirect vs Upstox Other Charges

Mdirect and . Upstox Minimum Brokerage is 0.05% and Call & Trade is ₹20 + GST per order placed. .

Mdirect Upstox
Minimum Brokerage Minimum Brokerage : - Minimum Brokerage :

0.05%

Call & Trade Call & Trade : - Call & Trade :

₹20 + GST per order placed.

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) :

₹13 plus ₹5.50 (CDSL charges) per scrip.

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

Adhoc / Non periodic statement requests: ₹25


Mdirect vs Upstox Features

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

Mdirect Upstox
Trading Platform Trading Platform : - Trading Platform :

Upstox Pro Web, Dartstock, NEST Trader, Fox Trader

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 :

Single platform for stocks, MFs, Gold, IPOs, ETFs,

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 Upstox Demat Account Charges

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

Mdirect Upstox
Depository Service Provider Depository Service Provider : - Depository Service Provider :

CDSL

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

₹0 (Free)

Advance Deposit Advance Deposit : - Advance Deposit :

NIL

AMC AMC : - AMC :

₹300

Dematerialisation Charges Dematerialisation Charges : - Dematerialisation Charges :

₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.

Rematerialisation Charges Rematerialisation Charges : - Rematerialisation Charges :

₹25 per certificate or 0.05% of the value whichever is higher

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

₹20 per debit instruction

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

0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual

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

0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual

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

0.05% of transaction charges subject to a minimum of ₹50

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

₹50 per transaction

Other Charges Other Charges : - Other Charges :

Demat Rejection Charges: ₹35 per rejection


Mdirect vs Upstox Basic Details

Mdirect and and . Upstox Year of Incorporation is 2012 and Total Number of Clients is 2141095 and Total Number of Branches is 4 .

Mdirect Upstox
Year of Incorporation Year of Incorporation : - Year of Incorporation :

2012

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

BSE, NSE, MCX

Demat Services Demat Services : - Demat Services :

No

Website Website : - Website :

www.upstox.com

Contact Details Contact Details : - Contact Details :

+91-22-6130-9999

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

2141095

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

4

Products * Products : - Products :

Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.


Mdirect vs Upstox Charts and Data

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

Mdirect Upstox
Live data source Live data source : - Live data source :

Yes

Advanced Charting tools Advanced Charting tools : - Advanced Charting tools :

Yes

Multi-Chart Setup Multi-Chart Setup : - Multi-Chart Setup :

Yes

No.of indicators No.of indicators : - No.of indicators :

60+

No.of charts can be opened No.of charts can be opened : - No.of charts can be opened :

10

Live Scanners Live Scanners : - Live Scanners :

Yes

Customizable screeners Customizable screeners : - Customizable screeners :

Yes

Trading from charts Trading from charts : - Trading from charts :

Yes

Compare Symbol performance on Chart Compare Symbol performance on Chart : - Compare Symbol performance on Chart :

Yes

Options charts Options charts : - Options charts :

Yes

Continuous futures charts Continuous futures charts : - Continuous futures charts :

Yes

Intraday historical data for charts Intraday historical data for charts : - Intraday historical data for charts :

Yes

End of Day historical data for charts End of Day historical data for charts : - End of Day historical data for charts :

Yes

Corporate action adjusted charts Corporate action adjusted charts : - Corporate action adjusted charts :

No

Back Testing Back Testing : - Back Testing :

No

Options Chain Options Chain : - Options Chain :

Yes

Heat Maps Heat Maps : - Heat Maps :

Yes

Analytics Analytics : - Analytics :

Yes

Price Ladder Price Ladder : - Price Ladder :

No


Mdirect vs Upstox Leverage

Leverage

Mdirect Upstox
Equity Delivery Equity Delivery : - Equity Delivery :

1x (no margin)

Equity Intraday Equity Intraday : - Equity Intraday :

Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x

Equity Futures Equity Futures : - Equity Futures :

Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x

Equity Options Equity Options : - Equity Options :

Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x

Currency Futures Currency Futures : - Currency Futures :

Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x

Currency Options Currency Options : - Currency Options :

Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x

Commodity Futures Commodity Futures : - Commodity Futures :

Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x

Commodity Options Commodity Options : - Commodity Options : -

Mdirect vs Upstox Orders

Orders

Mdirect Upstox
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) :

No

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

Yes

Good Till Cancelled (GTC) :

No


Mdirect vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

Mdirect Upstox
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation :

No

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

No

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

No

Comparison * Comparison : - Comparison :

No

Free Tips * Free Tips : - Free Tips :

No

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

No

ETF research * ETF research : - ETF research :

No

Quarterly Results * Quarterly Results : - Quarterly Results :

No


Mdirect vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Mdirect Upstox
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 Upstox Product & Services

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

Mdirect Upstox
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 :

No

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

No

IPO Investment * IPO Investment : - IPO Investment :

No

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 :

No

Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading :

No


Mdirect vs Upstox Customer Services

Mdirect and Upstox 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 Upstox
Toll Free Number * Toll Free Number : - Toll Free Number :

No

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

Yes

Email Facility * Email Facility : - Email Facility :

Yes

Branch Offices * Branch Offices : - Branch Offices :

Yes

Customer Care * Customer Care : - Customer Care :

Yes

Community Service * Community Service : - Community Service :

Yes

Relationship Manager * Relationship Manager : - Relationship Manager :

No

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

No


Mdirect vs Upstox Other Investement

Mdirect and Upstox 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 Upstox
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 :

No

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

No

Insurance Services * Insurance Services : - Insurance Services :

No

Banking Services * Banking Services : - Banking Services :

No


Mdirect vs Upstox Trading PlatForm

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

Mdirect Upstox
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 Upstox Company Information

Company Information

Mdirect Upstox
Financials * Financials : - Financials :

No

News * News : - News : -
Company Analysis * Company Analysis :

Yes

Company Analysis :

No

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