IDBI Direct vs NJ Wealth – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of IDBI Direct vs NJ Wealth. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IDBI Direct & NJ Wealth 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.

IDBI Direct vs NJ Wealth

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

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

Compare Stock Brokers


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

Now let’s compare NJ WealthIDBI Direct

Overview of IDBI Direct & NJ Wealth

OverviewIDBI DirectNJ Wealth
Company TypePrivatePrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, MaharashtraSurat, Gujarat
FounderGurudeo M. Yadwadkar & Rakesh SethiNiraj Ravindra Choksi
Established Year20062000

IDBI Direct vs NJ Wealth Customer Ratings Comparison

Customer RatingsIDBI DirectNJ Wealth
Experience6.2/105.8/10
Products & Services6.0/105.8/10
Brokerage Charges & Fees6.3/105.6/10
Stock Research & Advisory6.1/105.4/10
Trading Platforms6.0/105.8/10
Overall Ratings6.1/105.6/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews157219

IDBI Direct vs NJ Wealth Demat Account Comparison

Demat ServicesIDBI DirectNJ Wealth
Depository SourceCDSL & NSDLCDSL & NSDL
Account Opening ChargesFreeRs.300
Demat AMC ChargesRs.350 per AnnumFree
Trading AMC ChargesFreeRs.250 per Annum
Margin MoneyRs.10,000Minimum Rs.3,000
Offline to OnlineRR

NJ Wealth vs IDBI Direct Brokerage Charges Comparison

Brokerage Charge & FeesIDBI DirectNJ Wealth
Equity Delivery Trading0.05% – 0.35%0.1% – 0.2%
Equity Intraday Trading0.01% – 0.04%0.01% – 0.02%
Commodity Options Trading0.01% – 0.04%0.01% – 0.02%
Equity Futures Trading0.01% – 0.04%0.01% – 0.02%
Equity Options TradingRs.10 – Rs.60 per lotRs.10 – Rs.20 per Lot
Currency Futures Trading0.01% – 0.04%0.01% – 0.02%
Currency Options TradingRs.10 – Rs.60 per lotRs.10 – Rs.20 per Lot
Minimum BrokerageRs.20 per executed orderPercentage of Transaction
Demat AMC ChargesRs.350Free
Trading AMC ChargesFreeRs.250 per Annum
Margin MoneyRs.10,000Minimum Rs.3,000
Brokerage CalculatorIDBI Direct Brokerage CalculatorNj Wealth Brokerage Calculator

NJ Wealth & IDBI Direct Other Charges Comparison

Other ChargesIDBI DirectNJ Wealth
Transaction Charges0.00312% of Total Turnover0.0000325
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare NJ Wealth & IDBI Direct Offers

OffersIDBI DirectNJ Wealth
Free Demat AccountRS
Free Trading AccountRS
Discount on BrokerageRS
Trading Happy HoursSS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersRS
Referral OffersSS
Zero Brokerage for Loss Making TradesSS

Compare Services of IDBI Direct vs NJ Wealth

ServicesIDBI DirectNJ Wealth
Demat ServicesRR
Trading ServicesRR
3 in 1 AcountRS
Intraday ServicesRR
IPO ServicesRS
Stock RecommendationsRR
Robo AdvisorySS
PMSSR
Trading InstitutionSS
Trading ExposureUpto 15XUpto 7X

Compare NJ Wealth & IDBI Direct Research & Advisory

Research & AdvisoryIDBI DirectNJ Wealth
Fundamental ReportsRR
Research ReportsRR
Company ReportsSR
Annual ReportsSR
Company Stock ReviewRR
Free Stock TipsRR
IPO ReportsRR
Top PicksRR
Daily Market ReviewRR
Monthly ReportsSR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

IDBI Direct vs NJ Wealth Exposure/Leverage

Exposure / LeverageIDBI DirectNJ Wealth
Equity DeliveryUpto 3XUpto 2X
Equity IntradayUpto 15XUpto 7X
Equity FuturesUpto 3XUpto 4X
Equity OptionsUpto 5XUpto 5X
Currency FuturesUpto 2XUpto 1X
Currency OptionsUpto 2XUpto 3X
CommoditiesUpto 2XUpto 3X
Margin CalculatorIDBI Direct Margin CalculatorNj Wealth Margin Calculator

IDBI Direct vs NJ Wealth Product Comparison

ProductsIDBI DirectNJ Wealth
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexSS
BankingRS
SIPRR
InsuranceSS

IDBI Direct vs NJ Wealth Trading Platform Comparison

Trading PlatformsIDBI DirectNJ Wealth
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformSR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsSR
Easy InstallationRR
Global IndicesRR
Stock TipsSR
Personalized AdvisorySS
Interactive ChartsRR
Live MarketsRR
SMS AlertsSR
Email AlertsRR
Multi Account ManagementSS

IDBI Direct vs NJ Wealth Customer Support

Customer SupportIDBI DirectNJ Wealth
Dedicated DealerRR
Offline TradingRR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches225283

IDBI Direct vs NJ Wealth Customer Complaints

Complaints (Current Year)IDBI DirectNJ Wealth
Lodged in BSE460
Resolved in BSE420
Lodged in NSE657
Resolved in NSE597

Compare IDBI Direct with other Brokers & NJ Wealth with other Brokers

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Idbi Direct vs Smc GlobalNj Wealth vs Profitmart Securities
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