IDBI Direct Review & Brokerage Charges

IDBI Direct is a full service broker which provides 3-in-1 account feature. Lets have a detailed understanding of IDBI Direct review, IDBI Direct Demat Account, IDBI Direct Brokerage Charges, IDBI Paisa Builder Trading Platforms & other important features.

IDBI Direct Customer Ratings & Review

IDBI Direct Customer Ratings & Review

About IDBI Direct

IDBI Direct is a financial service provider catering to the needs of retail, institutional and corporate clients. IDBI Capital (or IDBI Capital Market Services Limited) is a subsidiary of IDBI Bank Ltd. It’s an online retail Broking and investing portal of IDBI Capital launched in January 2006. IDBI Direct offers online trading in Equities, F&O, Mutual Funds and IPOs and it also has membership in NSE and BSE India.

IDBIpaisabuilder is recently renamed as IDBIDirect with new website url Idbidirect.in

IDBI Direct is a 3 in 1 service provider with its IDBI Bank A/c, IDBI Demat A/c and IDBI trading A/c. IDBI Demat Account is an easy free service that is needed to maintain your scripts in digital form and online.

You can link any other savings account with your trading account but the process gets easier with IDBI bank account. But to avail 3-in-1 account facility, Demat account should be maintained with IDBI Capital only.

Customer care at IDBIDirect is found to be satisfactory, although not best of the breed. IDBI Direct supports its client through emails for enquiries, suggestion, information and demat related queries. Toll free no and phone call is also available during working hours only. Call and trade or approaching Relationship Managers in 13 Branches in India is also an option available to you when opted for IDBI Direct client.

IDBI Direct Products & Services

Here are the list of products & services offered by IDBI Paisa Builder

IDBI Paisabuilder Products

  • Equity
  • Derivatives
  • Commodity
  • Currency
  • Mutual Fund

IDBI Direct Services

  • Demat Account
  • Trading Account
  • Depository Services
  • IPOs
  • 3-in-1 account
  • Advisory Services
  • Research Reports

IDBI Direct Brokerage Charges & Fees

Flexi Gold Brokerage Plan: a prepaid brokerage plan where you are required to pay a Subscription fee at the beginning. This Fee is refundable to the extent of the brokerage generated by the client during the Offering Period of the Plan. The plan duration is from 6-12 months. The brokerage can be as low as 0.05% for equity and .01% for intraday and future if you think your trading volume is high.

Plan / FeaturesFG 500,000FG 100,000FG 50,000
Upfront SubscriptionRs.500,000Rs.100,000Rs.50,000
Validity12 months12 months12 months
Delivery Brokerage0.05%0.10%0.15%
Square-off Brokerage (Per Leg)0.01%0.01%0.02%
Futures Brokerage (Per Leg)0.01%0.01%0.02%
Options Brokerage (Per Lot per leg)Rs 10Rs 5Rs 20

 

Plan / FeaturesFG 25,000FG 10,000FG 5,000
Upfront SubscriptionRs.25,000Rs.10,000Rs.5,000
Validity12 months9 months6 months
Delivery Brokerage0.20%0.30%0.35%
Square-off Brokerage (Per Leg)0.03%0.04%0.04%
Futures Brokerage (Per Leg)0.03%0.04%0.04%
Options Brokerage (Per Lot per leg)Rs.25Rs.40Rs.60

With Flexi – Gold scheme you are entitled to free research calls, transactional sms, mobile trading facility, dedicated Relationship Managers & Call N Trade facility.

The Brokerage for equity ranges from .35% to .05% which falls in low brokerage range as compared to other 3 in 1 brokers like ICICI (.55%), HDFC (.50%), SBI CAP (.50%).

Brokerage for future and Intraday trade ranges from .04% to .01% which is again medium to low range when seen with Sharekhan (.1%) Religare (.05%) and almost similar to Edelweiss (.50%-.015%).

Option trade will cost you at Rs 60/- to Rs10/- which is cheaper as compared to other full service brokers like Indiabulls, sharekhan, Religare all charging Rs 100 per lot.

  • Trading Account opening charges: Free
  • Trading Account AMC:Free
  • Demat Account opening Charges:Free
  • Demat Account AMC: Rs 350

IDBI Direct Brokerage Charges: Flexi Gold Brokerage Plan

Brokerage PlanFlexi Gold Brokerage Plan
Flat FeeNA
Equity Delivery0.50%
Equity Intraday0.08%
Equity Futures0.08%
Equity OptionsRs 100 per lot
Currency FuturesNA
Currency OptionsNA
CommodityNA

Why Open IDBI Direct Demat Account?

  • Strong market research reports.
  • Excellent NRI investment services.
  • Comprehensive technical analysis and charting tool with multiple indicators.
  • Flexible Brokerage Plans for you.
  • Multiple Investment offerings from IDBI Direct includes Equity, Derivatives, MF, IPO, NCD, Fixed Income Products.

IDBI Direct Trading Platforms Review

The stock broking house provides terminal based, Web based and mobile app based trading platform to its customers.

IDBI Direct Desktop based Trading Terminal: IDBI Power Classic Review

This is the trading software that can be downloaded easily. For trading in equity shares, mutual fund and IPOs you can use Power Classic. IDBI Direct’s basic features are integrated Bank, Demat plus Trading account; access to all the reports and live order status put forward by you.

IDBI Direct Web based Trading Platform: IDBI Power Streaming Account

It is a web based trading platform of IDBI Direct. It is designed especially for frequent traders. The rich features give you easy to use interface, live quotes without delay, multiple watch lists, market depth info, single key function and many more.

IDBI Paisa Builder desktop software: IDBI Power Pro Exe

Paisa Pro is an EXE-based desktop software. It is especially designed for active traders. Its main features include real time order tracking, customized market watch, advance alerts, detailed charting tools and indicators.

IDBI Direct Mobile App based trading platform: IDBI Direct Mobile App

This software for smartphones is designed by IDBI Capital that comes handy when you are on-the-go. Trading and tracking your investment can be done with ease with features like live streaming quotes, real time market orders, track multiple exchanges, etc.

IDBI Direct Advantage / Disadvantage

The Broker still needs to work on customer service, trading platforms and transparency in brokerage and other charges. Then only it can compete with other full service 3 in 1 brokers such as ICICI and HDFC. IDBI is an average Broker with pleasant overall offers.

Advantages

  • A 3-in-1 service provider
  • New user friendly design and content layout on new portal idbidirect.in
  • Investment offerings for NRIs.

Disadvantages

  • Technical issues with trading platforms
  • Commodities & Currency trading is not available
  • Minimum brokerage charges

List of all Full-Service Brokers in India –

Angel Broking , Motilal Oswal , Kotak Securities , HDFC Securities , Sharekhan , India Infoline / IIFL , ICICI Direct , Edelweiss , Karvy , SBI Cap Securities , Geogit BNP Paribas , Anand Rathi , Religare Securities , Indiabulls Ventures , Just Trade , Ventura Securities , Marwadi Group , Aditya Birla Money , Axis Direct , SMC Global , GEPL Capital , IDBI Direct , GCL Securities , Arihant Capital , Mangal Keshav , MasterTrust , Networth Direct , Reliance Securities , Sushil Finance , LSE Securities

Important Blog Posts –

Top 10 Stock Brokers in India , Best Stock Broker in India , Top 10 Intraday Trading Brokers in India , Top 10 Sub Broker Partner in India , Full Service Broker vs Discount Broker in India , 10 Best Practices of Share Market Investment , Mutual Fund vs Real Estate Investment

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