Compare stock brokers
Tradebulls Securities vs. Mdirect
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 Tradebulls Securities and Mdirect. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Tradebulls Securities and Mdirect.
Overview
Tradebulls Securities are Mdirect both private companies and Tradebulls Securities operates as a full service Broker, while Mdirect functions as a discount broker. Mr.Dinesh Thakkar co-founded Tradebulls Securities in 2009. And Mdirect was founded in the year 1997 by Sushil Agarwal. Tradebulls Securities's headquarters are in Mumbai and Mdirect's headquarters are in Mumbai, Maharashtra.
Tradebulls Securities operates as a full service Broker, while Mdirect functions as a discount broker. Tradebulls Securities is registered in NA, while Mdirect is registered in NA. The total branches of Tradebulls Securities are Nil and the Mdirect branches are Nil.
| Overview | Tradebulls Securities | Mdirect |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai | Mumbai, Maharashtra |
| Founders | Mr.Dinesh Thakkar | Sushil Agarwal |
| Foundation Year | 2009 | 1997 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Tradebulls Securities and Mdirect 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 Tradebulls Securities charging Free or Rs.299 and Mdirect charging Rs.500.
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 Tradebulls Securities Demat account is Free or Rs.300 and for the Mdirect Demat account is Free or Rs.400 per Annum. The Trading AMC for Tradebulls Securities and Mdirect 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 Tradebulls Securities and Mdirect is CDSL.
| Account Opening and Demat Charges | Tradebulls Securities | Mdirect |
|---|---|---|
| Trading Account Opening Charges | Free or Rs.299 | Rs.500 |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.300 | Free or Rs.400 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Rs.0 – Rs.300,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL | CDSL & NSDL |
Tradebulls Securities and Mdirect 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 Tradebulls Securities is 0.10% – 0.30%, while Mdirect charges you Rs.18 per Order.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Tradebulls Securities is 0.010% – 0.030% and for Mdirect also, it is Rs.18 per Order or 0.01% whichever is low.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Tradebulls Securities charge 0.010% – 0.030% and Mdirect charge Rs.18 per Order 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, Tradebulls Securities charges Rs.50 – Rs.80 per Lot, and Mdirect charges Rs.18 per Order.
| Equity Brokerage Charges | Tradebulls Securities | Mdirect |
|---|---|---|
| Equity Delivery Brokerage | 0.10% – 0.30% | Rs.18 per Order |
| Equity Intraday Brokerage | 0.010% – 0.030% | Rs.18 per Order or 0.01% whichever is low |
| Equity Futures Brokerage | 0.010% – 0.030% | Rs.18 per Order |
| Equity Options Brokerage | Rs.50 – Rs.80 per Lot | Rs.18 per Order |
Tradebulls Securities and Mdirect 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 Tradebulls Securities is 0.010% – 0.030% and for Mdirect is Rs.18 per Order.
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. Tradebulls Securities charges Rs.50 – Rs.80 per Lot for currency options, whereas Tradebulls Securities charges Rs.18 per Order.
| Currency Brokerage Charges | Tradebulls Securities | Mdirect |
|---|---|---|
| Currency Futures Brokerage | 0.010% – 0.030% | Rs.18 per Order |
| Currency Options Brokerage | Rs.50 – Rs.80 per Lot | Rs.18 per Order |
Tradebulls Securities and Mdirect 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. Tradebulls Securities charges 0.010% – 0.030% for commodity trading, while Mdirect charges Rs.18 per Order.
| Commodity Brokerage Charges | Tradebulls Securities | Mdirect |
|---|---|---|
| Commodity Options Brokerage | 0.010% – 0.030% | Rs.18 per Order |
Tradebulls Securities and Mdirect Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Tradebulls Securities levies a minimum brokerage fee of Rs.30 per Trade, while Mdirect charges Rs.18 brokerage fee.
Transaction Brokerage Charges: Tradebulls Securities levies a transaction brokerage charge of 0.00325% of Total Turnover, while Mdirect charges 0.00301% 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 Tradebulls Securities is 0.0002% of Total Turnover and for Tradebulls Securities is 0.0007% 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 Tradebulls Securities are 0.0126% of Total Turnover, while for Mdirect, they are 0.0112% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Tradebulls Securities charges Nil and Mdirect charges NA.
| Other Brokerage Charges | Tradebulls Securities | Mdirect |
|---|---|---|
| Minimum Brokerage Charges | Rs.30 per Trade | Rs.18 | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00301% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0007% 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 | 0.0112% of Total Turnover | Call and Trade Charges | Nil | NA |
Tradebulls Securities and Mdirect 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 Tradebulls Securities is up to Upto 6x and by Mdirect it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Tradebulls Securities is up to Upto 60x and by Mdirect it is up to Upto 2x.
Equity Futures: Leverage for Equity Futures by Tradebulls Securities is up to Upto 20x and by Mdirect it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Tradebulls Securities is up to Upto 20x and by Mdirect also, it is up to Upto 2x.
| Equity Leverage | Tradebulls Securities | Mdirect |
|---|---|---|
| Equity Delivery | Upto 6x | Upto 2x | Equity Intraday | Upto 60x | Upto 2x | Equity Futures | Upto 20x | Upto 2x | Equity Options | Upto 20x | Upto 2x |
Tradebulls Securities and Mdirect Currency Leverage
The currency futures leverage provided by Tradebulls Securities is up to Upto 10x, while for Mdirect it is up to Upto 2x.
The currency options leverage provided by Tradebulls Securities is up to Upto 10x, while for Mdirect it is up to Upto 2x.
| Currency Leverage | Tradebulls Securities | Mdirect |
|---|---|---|
| Currency Futures | Upto 10x | Upto 2x | Currency Options | Upto 10x | Upto 2x |
Tradebulls Securities and Mdirect Commodity Leverage
The commodity leverage provided by Tradebulls Securities is up to Upto 40x, while for Mdirect it is up to Upto 2x.
| Commodity Leverage | Tradebulls Securities | Mdirect |
|---|---|---|
| Commodity | Upto 40x | Upto 2x |
Tradebulls Securities and Mdirect 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 | Tradebulls Securities | Mdirect |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | Yes | Yes | Zero Brokerage on Loss Trades | No | No |
Tradebulls Securities and Mdirect Features
Equity Trading: Tradebulls Securities and Mdirect 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: Tradebulls Securities and Mdirect also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Tradebulls Securities and Mdirect broker is that you can also invest in IPOs. Tradebulls Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Tradebulls Securities offers trading exposure of up to Upto 60x, while Mdirect gives up to Upto 2x.
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 Tradebulls Securities and Mdirect, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Tradebulls Securities and Mdirect also allow you to trade in forex trading.
| Features | Tradebulls Securities | Mdirect |
|---|---|---|
| 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) | Yes | No |
| Trading Institution | Yes | No | Trading Exposure | Upto 60x | Upto 2x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Tradebulls Securities and Mdirect 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. Tradebulls Securities and Mdirect 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 | Tradebulls Securities | Mdirect |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Tradebulls Securities and Mdirect 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. Tradebulls Securities and Mdirect 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 | Tradebulls Securities | Mdirect |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Tradebulls Securities and Mdirect Mobile Trading Platforms
Tradebulls Securities and Mdirect offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Tradebulls Securities | Mdirect |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | No |
| iOS App | Yes | No |
| Windows App | No | No |
| Other mobile os | No | No |
Tradebulls Securities and Mdirect 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. Tradebulls Securities and Mdirect 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 | Tradebulls Securities | Mdirect |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 10 | 0 |
Tradebulls Securities and Mdirect 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 Tradebulls Securities and Mdirect registered and resolved complaints.
For Tradebulls Securities, the Percentage of resolved BSE complaints is 96.43 % and the Percentage of resolved NSE complaints is 98.58 %.
For Mdirect, the Percentage of resolved BSE complaints is 75.00 % and the Percentage of resolved NSE complaints is 89.47 %.
We can say that Tradebulls Securities is better than Mdirect in case of resolving customer complaints.
| BSE Complaints | Tradebulls Securities | Mdirect |
|---|---|---|
| BSE Complaints | 168 | 12 |
| BSE Resolved Complaints | 162 | 9 |
| Percentage of resolved BSE complaints | 96.43 % | 75.00 % |
| NSE Complaints | 203 | 19 |
| NSE Resolved Complaints | 200 | 17 |
| Percentage of resolved NSE complaints | 98.58 % | 89.47 % |
| BSE/NSE Complaint vs. Resolved Percentage | 97.48 % | 82.24 % |
Frequently Asked Questions
Is Tradebulls Securities better than Mdirect?
Tradebulls Securities is a full service broker and Mdirect is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Mdirect better than Tradebulls Securities?
Mdirect is a discount broker and Tradebulls Securities is a full service 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 Tradebulls Securities and Mdirect?
Being a full-service broker, Tradebulls Securities tends to have higher brokerage charges, while Mdirect, being a discount broker, offers comparatively cheaper rates. 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, Tradebulls Securities and Mdirect?
To figure out which of the two stockbrokers, Tradebulls Securities and Mdirect, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Tradebulls Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Tradebulls Securities with other brokerage firms.
Compare Mdirect with other stock brokers
Visit the following pages to see a detailed comparision report of Mdirect with other brokerage firms.