IDBI Direct vs Way2Wealth – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of IDBI Direct vs Way2Wealth. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IDBI Direct & Way2Wealth 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 Way2Wealth

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 & Way2Wealth comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Way2WealthIDBI Direct

Overview of IDBI Direct & Way2Wealth

OverviewIDBI DirectWay2Wealth
Company TypePrivatePrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, MaharashtraBangalore, Karnataka
FounderGurudeo M. Yadwadkar & Rakesh SethiV.G. Siddhartha
Established Year20061984

IDBI Direct vs Way2Wealth Customer Ratings Comparison

Customer RatingsIDBI DirectWay2Wealth
Experience6.2/104.4/10
Products & Services6.0/105.3/10
Brokerage Charges & Fees6.3/106.4/10
Stock Research & Advisory6.1/105.2/10
Trading Platforms6.0/105.2/10
Overall Ratings6.1/105.3/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews157119

IDBI Direct vs Way2Wealth Demat Account Comparison

Demat ServicesIDBI DirectWay2Wealth
Depository SourceCDSL & NSDLCDSL & NSDL
Account Opening ChargesFreeZero
Demat AMC ChargesRs.350 per AnnumRs.200
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Zero Margin
Offline to OnlineRR

Way2Wealth vs IDBI Direct Brokerage Charges Comparison

Brokerage Charge & FeesIDBI DirectWay2Wealth
Equity Delivery Trading0.05% – 0.35%0.1% – 0.4%
Equity Intraday Trading0.01% – 0.04%0.01% – 0.04%
Commodity Options Trading0.01% – 0.04%0.01% – 0.04%
Equity Futures Trading0.01% – 0.04%0.01% – 0.04%
Equity Options TradingRs.10 – Rs.60 per lotRs.20 – Rs.70 per Lot
Currency Futures Trading0.01% – 0.04%0.01% – 0.04%
Currency Options TradingRs.10 – Rs.60 per lotRs.10 – Rs.40 per Lot
Minimum BrokerageRs.20 per executed orderCustomizable
Demat AMC ChargesRs.350Rs 242 per Annum
Trading AMC ChargesFreeFree
Margin MoneyRs.10,000Minimum 10,000
Brokerage CalculatorIDBI Direct Brokerage CalculatorWay2Wealth Brokerage Calculator

Way2Wealth & IDBI Direct Other Charges Comparison

Other ChargesIDBI DirectWay2Wealth
Transaction Charges0.00312% of Total Turnover0.00325% of Total Turnover
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 Way2Wealth & IDBI Direct Offers

OffersIDBI DirectWay2Wealth
Free Demat AccountRR
Free Trading AccountRR
Discount on BrokerageRR
Trading Happy HoursSS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersRR
Referral OffersSR
Zero Brokerage for Loss Making TradesSS

Compare Services of IDBI Direct vs Way2Wealth

ServicesIDBI DirectWay2Wealth
Demat ServicesRR
Trading ServicesRR
3 in 1 AcountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisorySR
PMSSR
Trading InstitutionSS
Trading ExposureUpto 15XUpto 6x

Compare Way2Wealth & IDBI Direct Research & Advisory

Research & AdvisoryIDBI DirectWay2Wealth
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 Way2Wealth Exposure/Leverage

Exposure / LeverageIDBI DirectWay2Wealth
Equity DeliveryUpto 3XUpto 2X
Equity IntradayUpto 15XUpto 6X
Equity FuturesUpto 3XUpto 2X
Equity OptionsUpto 5XUpto 4X
Currency FuturesUpto 2XUpto 2X
Currency OptionsUpto 2XUpto 2X
CommoditiesUpto 2XUpto 2X
Margin CalculatorIDBI Direct Margin CalculatorWay2Wealth Margin Calculator

IDBI Direct vs Way2Wealth Product Comparison

ProductsIDBI DirectWay2Wealth
Equity TradingRR
Commodity TradingRR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexSR
BankingRS
SIPRR
InsuranceSR

IDBI Direct vs Way2Wealth Trading Platform Comparison

Trading PlatformsIDBI DirectWay2Wealth
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformSS
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 AdvisorySR
Interactive ChartsRR
Live MarketsRR
SMS AlertsSR
Email AlertsRR
Multi Account ManagementSR

IDBI Direct vs Way2Wealth Customer Support

Customer SupportIDBI DirectWay2Wealth
Dedicated DealerRR
Offline TradingRR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches225180

IDBI Direct vs Way2Wealth Customer Complaints

Complaints (Current Year)IDBI DirectWay2Wealth
Lodged in BSE46128
Resolved in BSE42128
Lodged in NSE65196
Resolved in NSE59196

Compare IDBI Direct with other Brokers & Way2Wealth with other Brokers

Idbi Direct vs Nj WealthWay2Wealth vs Arihant Capital
Idbi Direct vs Prabhudas LilladherWay2Wealth vs Asit C Mehta
Idbi Direct vs Profitmart SecuritiesWay2Wealth vs Astha Trade
Idbi Direct vs Sas OnlineWay2Wealth vs Choice Broking
Idbi Direct vs Shri Parasram HoldingsWay2Wealth vs Eureka Securities
Idbi Direct vs Shriram InsightWay2Wealth vs Fyers
Idbi Direct vs Smc GlobalWay2Wealth vs Geojit Finance
Idbi Direct vs Sushil FinanceWay2Wealth vs Jainam Share Consultants
Idbi Direct vs Swastika InvestmartWay2Wealth vs Jhaveri Securities
Idbi Direct vs Tradebulls SecuritiesWay2Wealth vs Jm Financial
Idbi Direct vs Way2WealthWay2Wealth vs Kifs Trade
Idbi Direct vs Yes SecuritiesWay2Wealth vs Lkp Securities
Iifl vs Idbi DirectWay2Wealth vs Mastertrust Capital
Karvy vs Idbi DirectWay2Wealth vs Monarch Networth Capital
Kotak Securities vs Idbi DirectWay2Wealth vs Nirmal Bang
Motilal Oswal vs Idbi DirectWay2Wealth vs Nj Wealth
Paytm Money vs Idbi DirectWay2Wealth vs Prabhudas Lilladher
Reliance Securities vs Idbi DirectWay2Wealth vs Profitmart Securities
Religare Securities vs Idbi DirectWay2Wealth vs Shri Parasram Holdings
Samco vs Idbi DirectWay2Wealth vs Shriram Insight
Sbi Cap Securities vs Idbi DirectWay2Wealth vs Smc Global
Sharekhan vs Idbi DirectWay2Wealth vs Sushil Finance
Upstox vs Idbi DirectWay2Wealth vs Yes Securities
Ventura Securities vs Idbi DirectZerodha vs Way2Wealth
Zerodha vs Idbi DirectTradebulls Securities vs Way2Wealth

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