Top Stock Advisory
Mdirect vs. Quantum Global 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 Mdirect and Quantum Global Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Mdirect and Quantum Global Securities.
Overview
Mdirect are Quantum Global Securities both private companies and Mdirect operates as a discount broker, while Quantum Global Securities functions as a full service broker. Sushil Agarwal co-founded Mdirect in 1997. And Quantum Global Securities was founded in the year 1990 by Atul Narendra Malik. Mdirect's headquarters are in Mumbai, Maharashtra and Quantum Global Securities's headquarters are in New Delhi.
Mdirect operates as a discount broker, while Quantum Global Securities functions as a full service broker. Mdirect is registered in NA, while Quantum Global Securities is registered in NA. The total branches of Mdirect are Nil and the Quantum Global Securities branches are Nil.
| Overview | Mdirect | Quantum Global Securities |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, Maharashtra | New Delhi |
| Founders | Sushil Agarwal | Atul Narendra Malik |
| Foundation Year | 1997 | 1990 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Mdirect and Quantum Global 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 Mdirect charging Rs.500 and Quantum Global Securities charging Free.
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 Mdirect Demat account is Free or Rs.400 per Annum and for the Quantum Global Securities Demat account is Rs.320 per Annum. The Trading AMC for Mdirect and Quantum Global 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 Mdirect and Quantum Global Securities is CDSL.
| Account Opening and Demat Charges | Mdirect | Quantum Global Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.500 | Free |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.400 per Annum | Rs.320 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Minimum Rs.15,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Mdirect and Quantum Global 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 Mdirect is Rs.18 per Order, while Quantum Global Securities charges you 0.36%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Mdirect is Rs.18 per Order or 0.01% whichever is low and for Quantum Global Securities also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Mdirect charge Rs.18 per Order and Quantum Global Securities charge 0.04% 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, Mdirect charges Rs.18 per Order, and Quantum Global Securities charges Rs.36 per Lot.
| Equity Brokerage Charges | Mdirect | Quantum Global Securities |
|---|---|---|
| Equity Delivery Brokerage | Rs.18 per Order | 0.36% |
| Equity Intraday Brokerage | Rs.18 per Order or 0.01% whichever is low | 0.04% |
| Equity Futures Brokerage | Rs.18 per Order | 0.04% |
| Equity Options Brokerage | Rs.18 per Order | Rs.36 per Lot |
Mdirect and Quantum Global 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 Mdirect is Rs.18 per Order and for Quantum Global Securities is 0.04%.
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. Mdirect charges Rs.18 per Order for currency options, whereas Mdirect charges Rs.36 per Lot.
| Currency Brokerage Charges | Mdirect | Quantum Global Securities |
|---|---|---|
| Currency Futures Brokerage | Rs.18 per Order | 0.04% |
| Currency Options Brokerage | Rs.18 per Order | Rs.36 per Lot |
Mdirect and Quantum Global 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. Mdirect charges Rs.18 per Order for commodity trading, while Quantum Global Securities charges 0.04%.
| Commodity Brokerage Charges | Mdirect | Quantum Global Securities |
|---|---|---|
| Commodity Options Brokerage | Rs.18 per Order | 0.04% |
Mdirect and Quantum Global Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Mdirect levies a minimum brokerage fee of Rs.18, while Quantum Global Securities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Mdirect levies a transaction brokerage charge of 0.00301% of Total Turnover, while Quantum Global Securities charges 0.00292%.
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 Mdirect is 0.0007% of Total Turnover and for Mdirect 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 Mdirect are 0.0112% of Total Turnover, while for Quantum Global Securities, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Mdirect charges NA and Quantum Global Securities charges NA.
| Other Brokerage Charges | Mdirect | Quantum Global Securities |
|---|---|---|
| Minimum Brokerage Charges | Rs.18 | Percentage of Transaction | Transaction Brokerage Charges | 0.00301% of Total Turnover | 0.00292% | SEBI Turnover Charges | 0.0007% 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 | 0.0112% of Total Turnover | 0.0126% of selling value | Call and Trade Charges | NA | NA |
Mdirect and Quantum Global 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 Mdirect is up to Upto 2x and by Quantum Global Securities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Mdirect is up to Upto 2x and by Quantum Global Securities it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Mdirect is up to Upto 2x and by Quantum Global Securities it is up to Upto 1x.
Equity Options: Leverage for Equity Options by Mdirect is up to Upto 2x and by Quantum Global Securities also, it is up to Upto 6x.
| Equity Leverage | Mdirect | Quantum Global Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 2x | Upto 5x | Equity Futures | Upto 2x | Upto 1x | Equity Options | Upto 2x | Upto 6x |
Mdirect and Quantum Global Securities Currency Leverage
The currency futures leverage provided by Mdirect is up to Upto 2x, while for Quantum Global Securities it is up to Upto 2x.
The currency options leverage provided by Mdirect is up to Upto 2x, while for Quantum Global Securities it is up to Upto 2x.
| Currency Leverage | Mdirect | Quantum Global Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 2x | Upto 2x |
Mdirect and Quantum Global Securities Commodity Leverage
The commodity leverage provided by Mdirect is up to Upto 2x, while for Quantum Global Securities it is up to Upto 2x.
| Commodity Leverage | Mdirect | Quantum Global Securities |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Mdirect and Quantum Global 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 | Mdirect | Quantum Global Securities |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | No | Yes | Flexible Plans | No | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Mdirect and Quantum Global Securities Features
Equity Trading: Mdirect and Quantum Global 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: Mdirect and Quantum Global Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Mdirect and Quantum Global Securities broker is that you can also invest in IPOs. Mdirect also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Mdirect offers trading exposure of up to Upto 2x, while Quantum Global Securities gives up to Upto 5x.
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 Mdirect and Quantum Global Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Mdirect and Quantum Global Securities also allow you to trade in forex trading.
| Features | Mdirect | Quantum Global 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 | No |
| Trading Institution | No | No | Trading Exposure | Upto 2x | Upto 5x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Mdirect and Quantum Global 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. Mdirect and Quantum Global 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 | Mdirect | Quantum Global Securities |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | No |
| Top Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Mdirect and Quantum Global 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. Mdirect and Quantum Global 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 | Mdirect | Quantum Global Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Mdirect and Quantum Global Securities Mobile Trading Platforms
Mdirect and Quantum Global Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Mdirect | Quantum Global Securities |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | No | Yes |
| iOS App | No | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Mdirect and Quantum Global 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. Mdirect and Quantum Global 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 | Mdirect | Quantum Global Securities |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | 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 | 0 | 12 |
Mdirect and Quantum Global 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 Mdirect and Quantum Global Securities registered and resolved complaints.
For Mdirect, the Percentage of resolved BSE complaints is 75.00 % and the Percentage of resolved NSE complaints is 89.47 %.
For Quantum Global Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Mdirect is better than Quantum Global Securities in case of resolving customer complaints.
| BSE Complaints | Mdirect | Quantum Global Securities |
|---|---|---|
| BSE Complaints | 12 | 1 |
| BSE Resolved Complaints | 9 | 1 |
| Percentage of resolved BSE complaints | 75.00 % | 100.00 % |
| NSE Complaints | 19 | 2 |
| NSE Resolved Complaints | 17 | 2 |
| Percentage of resolved NSE complaints | 89.47 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 82.24 % | 100.00 % |
Frequently Asked Questions
Is Mdirect better than Quantum Global Securities?
Mdirect is a discount broker and Quantum Global Securities is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Quantum Global Securities better than Mdirect?
Quantum Global Securities is a full service broker and Mdirect is a discount broker. 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 Mdirect and Quantum Global Securities?
The brokerage charges for Mdirect are on the cheaper side since it is a discount broker, while Quantum Global Securities is a full-service broker. 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, Mdirect and Quantum Global Securities?
To figure out which of the two stockbrokers, Mdirect and Quantum Global Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Mdirect with other stock brokers
Visit the following pages to see a detailed comparision report of Mdirect with other brokerage firms.
Compare Quantum Global Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Quantum Global Securities with other brokerage firms.