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IDBI Direct vs JM Financial – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of IDBI Direct vs JM Financial. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IDBI Direct & JM Financial will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IDBI Direct vs JM Financial

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This IDBI Direct & JM Financial comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare JM FinancialIDBI Direct

Overview of IDBI Direct & JM Financial

Overview IDBI Direct JM Financial
Company Type Private Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, Maharashtra Mumbai, Maharashtra
Founder Gurudeo M. Yadwadkar & Rakesh Sethi Nimesh Kampani
Established Year 2006 1986

IDBI Direct vs JM Financial Customer Ratings Comparison

Customer Ratings IDBI Direct JM Financial
Experience 6.2/10 6.2/10
Products & Services 6.0/10 6.4/10
Brokerage Charges & Fees 6.3/10 6.2/10
Stock Research & Advisory 6.1/10 6.6/10
Trading Platforms 6.0/10 5.8/10
Overall Ratings 6.1/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 157 329

IDBI Direct vs JM Financial Demat Account Comparison

Demat Services IDBI Direct JM Financial
Depository Source CDSL & NSDL CDSL
Account Opening Charges Free Rs.799
Demat AMC Charges Rs.350 per Annum Rs.299
Trading AMC Charges Free Free
Margin Money Rs.10,000 Rs.15,000 Minimum
Offline to Online R R

JM Financial vs IDBI Direct Brokerage Charges Comparison

Brokerage Charge & Fees IDBI Direct JM Financial
Equity Delivery Trading 0.05% – 0.35% 0.5% – 0.15%
Equity Intraday Trading 0.01% – 0.04% 0.05% -0.015%
Commodity Options Trading 0.01% – 0.04% NA
Equity Futures Trading 0.01% – 0.04% 0.05% -0.015%
Equity Options Trading Rs.10 – Rs.60 per lot Rs.75 – Rs.20 per Lot
Currency Futures Trading 0.01% – 0.04% 0.05% -0.015%
Currency Options Trading Rs.10 – Rs.60 per lot Rs.75 – Rs.20 per Lot
Minimum Brokerage Rs.20 per executed order Percentage of Transaction
Demat AMC Charges Rs.350 Rs.299
Trading AMC Charges Free Free
Margin Money Rs.10,000 Rs.15,000 Minimum
Brokerage Calculator IDBI Direct Brokerage Calculator JM Financial Brokerage Calculator

JM Financial & IDBI Direct Other Charges Comparison

Other Charges IDBI Direct JM Financial
Transaction Charges 0.00312% of Total Turnover 0.00325% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare JM Financial & IDBI Direct Offers

Offers IDBI Direct JM Financial
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers R S
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of IDBI Direct vs JM Financial

Services IDBI Direct JM Financial
Demat Services R R
Trading Services R R
3 in 1 Acount R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS S R
Trading Institution S S
Trading Exposure Upto 15X Upto 7x

Compare JM Financial & IDBI Direct Research & Advisory

Research & Advisory IDBI Direct JM Financial
Fundamental Reports R R
Research Reports R R
Company Reports S R
Annual Reports S R
Company Stock Review R R
Free Stock Tips R R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports S R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

IDBI Direct vs JM Financial Exposure/Leverage

Exposure / Leverage IDBI Direct JM Financial
Equity Delivery Upto 3X Upto 1x
Equity Intraday Upto 15X Upto 7x
Equity Futures Upto 3X Upto 2x
Equity Options Upto 5X Upto 4x
Currency Futures Upto 2X Upto 3x
Currency Options Upto 2X Upto 3x
Commodities Upto 2X Upto 2x
Margin Calculator IDBI Direct Margin Calculator JM Financial Margin Calculator

IDBI Direct vs JM Financial Product Comparison

Products IDBI Direct JM Financial
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex S R
Banking R S
SIP R R
Insurance S R

IDBI Direct vs JM Financial Trading Platform Comparison

Trading Platforms IDBI Direct JM Financial
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R S
Mobile Site Platform S R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports S R
Easy Installation R R
Global Indices R R
Stock Tips S R
Personalized Advisory S S
Interactive Charts R R
Live Markets R R
SMS Alerts S S
Email Alerts R S
Multi Account Management S S

IDBI Direct vs JM Financial Customer Support

Customer Support IDBI Direct JM Financial
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 225 50

IDBI Direct vs JM Financial Customer Complaints

Complaints (Current Year) IDBI Direct JM Financial
Lodged in BSE 46 5
Resolved in BSE 42 5
Lodged in NSE 65 7
Resolved in NSE 59 7

Compare IDBI Direct with other Brokers & JM Financial with other Brokers


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