MDirect Review & Brokerage Charges

MDirect is a discount broker based out of Mumbai. Lets have a detailed MDirect Review & understanding of M direct Demat Account, MDirect Brokerage Charges, Moneylicious Capital Trading Platforms & other important features.

MDirect Customer Ratings & Review

MDirect Customer Ratings & Review

About MDirect

MDirect is an online trading broker for trading through Moneylicious Capital & Advisory Services Pvt. Ltd. M Direct is Mumbai-based new entrant into Discount Broker Industry. It has membership in BSE, NSE, MCX, NCDEX and MSEI.

M Direct offers trading in equity derivatives (F&O), equity delivery, equity intraday, currency and Commodity segments at a very cheaper and affordable flat fee of Rs 18 per executed order.

MDirect Broker provides easy-to-use platform for trading and complementing the same by delivering stock and commodity specific research reports to your email ids on daily basis. With Moneylicious Capital you can view your trade, transfer fund and manage your Portfolio, all on a single screen itself.

Customer Care is available through email, toll free no, phone, online feedback, online message. It looks satisfactory not the best though.

MDirect Products & Services

Here are the list of products & services offered by Moneylicious Capital

Moneylicious Capital Products

  • Equity
  • Derivatives
  • Currency
  • Commodity

M Direct Services

  • Demat Account
  • Trading Account
  • Depository Services
  • Intraday Trading
  • PMS

MDirect Brokerage Charges & Fees

Mdirect Brokerage is competitive and straight forward. No platform or hidden fees. The rates are all inclusive. M Direct offers their clients brokerage of Rs 18 per executed order plan across all segments. Client pays flat Rs 18 per executed order irrespective to the size of the order. Call and trade facility is available at an additional charge of Rs 18 per executed order. So if you place order by phone it will cost you 18 for call and trade + 18 as brokerage.

Moneylicious Capital offers brokerage of Rs 18 flat-rate share trades are higher than ProStocks (Rs 15), SASOnline (Rs 9) & RK Global (Rs 9), Wisdom Capital (Rs 9),My Value Trade(10 Rs),Trade Smart Online (15 Rs) and lower than Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) plans.

MDirect Demat Account Opening Charges

  • Trading Account Opening Charges (One Time): Rs 200
  • Demat account Opening Charges (One Time): Rs 200
  • Trading Annual maintenance charges (AMC): Nil
  • Demat Account Annual Maintenance Charges (AMC): Free for 1st year (Rs 400 from 2nd year)
  • Commodity account Opening Charges (One Time): Rs 100
  • Currency Account Opening Charges: Rs 100
  • All in one Account: Rs 500

MDirect or Moneylicious Capital Brokerage Charges

Brokerage PlanTrader Plan
Flat FeeNA
Equity DeliveryRs 18 per order
Equity IntradayRs 18 or 0.01 % whichever is lower
Equity FuturesRs 18 per order
Equity OptionsRs 18 per order
Currency FuturesRs 18 per order
Currency OptionsRs 18 per order
CommodityRs 18 per order

Why Open MDirect Demat Account?

  • E-KYC to be introduce soon.
  • Easy single sign-in required for equities, commodity & currency
  • Offers flat brokerage @ Rs 18 per executed order across all segments and exchanges.
  • Strong and Visible Team for Research in Equities, Commodities & Currency Segments
  • Daily Newsletter
  • Intraday and Positional Calls through SMS.
  • Special Offer: First 5 orders Free, First year DP AMC Free, Free research

MDirect Trading Platforms Review

Clients can trade with M Direct using Omnesys NEST platform which is available in desktop, web and mobile versions. Omnesys NEST platform is a fully functional trading terminal allowing fast execution of your orders with real time monitoring and no lag in between.

M Direct Desktop based Trading terminal: MDirect NEST Plus Review

Moneylicious Capital NEST Plus is a desktop base installable trading platform by “Omnesys NEST”. Advance charting tools for technical analysis, option trading strategies, live quotes, market Analysis, real-time news from Dow Jones, market monitor and scanner makes up the bulk of this platforms offering. With this you can trade all segments and exchanges on a single platform.

Moneylicious Capital Web based Trading Platform: MDirect Web NEST Plus Review

M Direct NEST Plus is also available in web version which works on any available web browser, no need to install or download anything software. The web address for this is

MDirect Mobile App based Trading Platform: Mobile Tading Review

The app is available for both operating system android and IOS users. Use it for real time feed and to track orders and positions on the go.

MDirect Advantage / Disadvantage

MDirect is the discount broker with a little difference. M direct is charging as a discount broker but providing research reports and tips just as full service broker only lacking behind in tools and technological advances.

Moneylicious Capital can be a good bet for beginners in stock market as they provide research and tips at a reasonable rate.

Moneylicious Capital Advantages

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

MDirect Disadvantages

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

List of all Discount Brokers in India –

Zerodha , 5Paisa , Upstox / RKSV , Samco , SAS Online , Wisdom Capital , Trade Smart Online , Tradejini , Beeline Broking , Compositedge , RK Global , Achiievers Equities , Bonanza Portfolio , MDirect , TradingBells , EzWealth

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

List of Stock Broking Franchise in India –

Angel Broking Franchise , Kotak Securities Franchise , ICICI Direct Franchise , Sharekhan Franchise , Motilal Oswal Franchise , IIFL Franchise / India Infoline Franchise , SMC Franchise , Nirmal Bang Franchise , Sushil Finance Franchise , Profitmart Franchise

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