Top Stock Advisory
Idbi Direct vs. Tradebulls Securities
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Idbi Direct and Tradebulls Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Idbi Direct and Tradebulls Securities.
Overview
Idbi Direct are Tradebulls Securities both private companies and both are full service broker as well. Kamal Poddar co-founded Idbi Direct in 1992. And Tradebulls Securities was founded in the year 2009 by Mr.Dinesh Thakkar. Idbi Direct's headquarters are in Mumbai, Maharashtra and Tradebulls Securities's headquarters are in Mumbai.
Idbi Direct and Tradebulls Securities both are full service broker as well. Idbi Direct is registered in BSE, NSE, MCX, NCDEX, ICDEX, while Tradebulls Securities is registered in NA. The total branches of Idbi Direct are 50 and the Tradebulls Securities branches are Nil.
| Overview | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, Maharashtra | Mumbai |
| Founders | Kamal Poddar | Mr.Dinesh Thakkar |
| Foundation Year | 1992 | 2009 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX, ICDEX | NA |
| Total branches | 50 | Nil |
Idbi Direct and Tradebulls Securities Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Idbi Direct charging Rs.250 and Tradebulls Securities charging Free or Rs.299.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Idbi Direct Demat account is Free and for the Tradebulls Securities Demat account is Free or Rs.300. The Trading AMC for Idbi Direct and Tradebulls Securities is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Idbi Direct and Tradebulls Securities is CDSL.
| Account Opening and Demat Charges | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Free or Rs.299 |
| Demat AMC (Annual Maintenance Charges) | Free | Free or Rs.300 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,000 | Rs.0 – Rs.300,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL |
Idbi Direct and Tradebulls Securities Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Idbi Direct is 0.33%, while Tradebulls Securities charges you 0.10% – 0.30%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Idbi Direct is 0.03% and for Tradebulls Securities also, it is 0.010% – 0.030%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Idbi Direct charge 0.03% and Tradebulls Securities charge 0.010% – 0.030% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Idbi Direct charges Rs.20 per Lot, and Tradebulls Securities charges Rs.50 – Rs.80 per Lot.
| Equity Brokerage Charges | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.33% | 0.10% – 0.30% |
| Equity Intraday Brokerage | 0.03% | 0.010% – 0.030% |
| Equity Futures Brokerage | 0.03% | 0.010% – 0.030% |
| Equity Options Brokerage | Rs.20 per Lot | Rs.50 – Rs.80 per Lot |
Idbi Direct and Tradebulls Securities Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Idbi Direct is 0.03% and for Tradebulls Securities is 0.010% – 0.030%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Idbi Direct charges Rs.30 per Lot for currency options, whereas Idbi Direct charges Rs.50 – Rs.80 per Lot.
| Currency Brokerage Charges | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.010% – 0.030% |
| Currency Options Brokerage | Rs.30 per Lot | Rs.50 – Rs.80 per Lot |
Idbi Direct and Tradebulls Securities Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Idbi Direct charges 0.03% for commodity trading, while Tradebulls Securities charges 0.010% – 0.030%.
| Commodity Brokerage Charges | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Commodity Options Brokerage | 0.03% | 0.010% – 0.030% |
Idbi Direct and Tradebulls Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Idbi Direct levies a minimum brokerage fee of Percentage of Transacton, while Tradebulls Securities charges Rs.30 per Trade brokerage fee.
Transaction Brokerage Charges: Idbi Direct levies a transaction brokerage charge of 0.0000285, while Tradebulls Securities charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Idbi Direct is 0.0002% of Total Turnover and for Idbi Direct is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Idbi Direct are 0.0126% of Total Turnover, while for Tradebulls Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Idbi Direct charges Rs 0 (Free) and Tradebulls Securities charges Nil.
| Other Brokerage Charges | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transacton | Rs.30 per Trade | Transaction Brokerage Charges | 0.0000285 | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | Rs 0 (Free) | Nil |
Idbi Direct and Tradebulls Securities Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Idbi Direct is up to Upto 3x and by Tradebulls Securities it is up to Upto 6x.
Equity Intraday: Leverage for equity intraday by Idbi Direct is up to Upto 5x and by Tradebulls Securities it is up to Upto 60x.
Equity Futures: Leverage for Equity Futures by Idbi Direct is up to Upto 1x and by Tradebulls Securities it is up to Upto 20x.
Equity Options: Leverage for Equity Options by Idbi Direct is up to Upto 5x and by Tradebulls Securities also, it is up to Upto 20x.
| Equity Leverage | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 6x | Equity Intraday | Upto 5x | Upto 60x | Equity Futures | Upto 1x | Upto 20x | Equity Options | Upto 5x | Upto 20x |
Idbi Direct and Tradebulls Securities Currency Leverage
The currency futures leverage provided by Idbi Direct is up to Upto 2x, while for Tradebulls Securities it is up to Upto 10x.
The currency options leverage provided by Idbi Direct is up to Upto 6x, while for Tradebulls Securities it is up to Upto 10x.
| Currency Leverage | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 10x | Currency Options | Upto 6x | Upto 10x |
Idbi Direct and Tradebulls Securities Commodity Leverage
The commodity leverage provided by Idbi Direct is up to Upto 1x, while for Tradebulls Securities it is up to Upto 40x.
| Commodity Leverage | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Commodity | Upto 1x | Upto 40x |
Idbi Direct and Tradebulls Securities Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | Yes | Flexible Plans | No | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | Yes | No | Holiday Offers | No | No | Referral Program | Yes | Yes | Zero Brokerage on Loss Trades | No | No |
Idbi Direct and Tradebulls Securities Features
Equity Trading: Idbi Direct and Tradebulls Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Idbi Direct and Tradebulls Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Idbi Direct and Tradebulls Securities broker is that you can also invest in IPOs. Idbi Direct also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Idbi Direct offers trading exposure of up to Upto 5x, while Tradebulls Securities gives up to Upto 60x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Idbi Direct and Tradebulls Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Idbi Direct and Tradebulls Securities also allow you to trade in forex trading.
| Features | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | Yes | Trading Exposure | Upto 5x | Upto 60x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Idbi Direct and Tradebulls Securities Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Idbi Direct and Tradebulls Securities offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Idbi Direct and Tradebulls Securities Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Idbi Direct and Tradebulls Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Idbi Direct and Tradebulls Securities Mobile Trading Platforms
Idbi Direct and Tradebulls Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Idbi Direct and Tradebulls Securities Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Idbi Direct and Tradebulls Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Idbi Direct | Tradebulls Securities |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 480 | 10 |
Idbi Direct and Tradebulls Securities Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Idbi Direct and Tradebulls Securities registered and resolved complaints.
For Idbi Direct, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Tradebulls Securities, the Percentage of resolved BSE complaints is 96.43 % and the Percentage of resolved NSE complaints is 98.58 %.
We can say that Idbi Direct is better than Tradebulls Securities in case of resolving customer complaints.
| BSE Complaints | Idbi Direct | Tradebulls Securities |
|---|---|---|
| BSE Complaints | 2 | 168 |
| BSE Resolved Complaints | 2 | 162 |
| Percentage of resolved BSE complaints | 100.00 % | 96.43 % |
| NSE Complaints | 15 | 203 |
| NSE Resolved Complaints | 15 | 200 |
| Percentage of resolved NSE complaints | 100.00 % | 98.58 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 97.48 % |
Frequently Asked Questions
Is Idbi Direct better than Tradebulls Securities?
Idbi Direct and Tradebulls Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Tradebulls Securities better than Idbi Direct?
Tradebulls Securities and Idbi Direct are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Idbi Direct and Tradebulls Securities?
Idbi Direct and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Idbi Direct and Tradebulls Securities?
To figure out which of the two stockbrokers, Idbi Direct and Tradebulls Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Idbi Direct with other stock brokers
Visit the following pages to see a detailed comparision report of Idbi Direct with other brokerage firms.
Compare Tradebulls Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Tradebulls Securities with other brokerage firms.