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IDBI Direct Vs Indira Securities: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Indira Securities offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Indira Securities ranges between 0.01% to 0.10%. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to Indira Securities. IDBI Direct is rated only 3.5 out of 5 where Indira Securities is rated 4 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for Indira Securities is 8,455. IDBI Direct is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of IDBI Direct vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Indira Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Indira Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Indira Securities on Service

  IDBI Direct Compare
IDBI Direct
Indira Securities Compare
Indira Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 54,478 8,455
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Indira Securities on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Indira Securities on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Indira Securities
Charges IDBI Direct Indira Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Indira Securities on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Indira Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Indira Securities on Plan Options
Plan Types IDBI Direct Indira Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Indira Securities on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare IDBI Direct with Indira Securities
Brokerage Charges Compare IDBI Direct Indira Securities
Plan Name Flat Brokerage PLan Traditional Brokerage Plan
Equity Delivery 0.20% 0.10%
Equity Intraday 0.02% 0.01%
Equity Futures Flat Rs 15 per order 0.01%
Equity Options Flat Rs 15 per order Rs. 25 per lot (both side)
Currency Futures Flat Rs 15 per order Flat Fee Rs 20
Currency Options Flat Rs 15 per order Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading NA Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NA
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Free Free
Auto Square off Charges NA Free
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare IDBI Direct vs Indira Securities on Transaction Charges

Compare IDBI Direct with Indira Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Indira Securities
Transaction Charges Compare IDBI Direct Indira Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for indira-securities
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Account Features

Compare IDBI Direct vs Indira Securities on Account Features

Compare IDBI Direct with Indira Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Indira Securities
Account Features Compare IDBI Direct Indira Securities
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Indira Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Indira Securities
Trading Platform Compare IDBI Direct Indira Securities
Desktop Trading Platform Infinity ODIN Diet
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://www.indiratrade.com/trade-online
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App TradeInsta
Mobile Trading App Demo Info Not Available TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS TradeInsta Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare IDBI Direct vs Indira Securities on User Rating

  IDBI Direct Indira Securities
  31 Customer Reviews    Rate IDBI Direct 1 Customer Reviews    Rate Indira Securities
Fees Ratings 3.0 2.0
Trading Brokerage Rating 2.5 4.0
Trading Platform Usability 2.6 2.0
Customer Service Ratings 2.7 2.0
Overall Ratings 2.7 3.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare IDBI Direct vs Indira Securities on Investment Offerings

Compare IDBI Direct with Indira Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Indira Securities offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Indira Securities
Investment Offerings Compare IDBI Direct Indira Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Indira Securities on Order Types

Order Type - Compare IDBI Direct with Indira Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Indira Securities
Order Type Compare IDBI Direct Indira Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Indira Securities on Customer Service

Compare IDBI Direct with Indira Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Indira Securities
Customer Service Compare IDBI Direct Indira Securities
24/7 Customer Service IDBI Direct vs Indira Securities - 24x7 customer support No Yes
Email Support IDBI Direct vs Indira Securities - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Indira Securities - Onine Live Chat No Yes
Phone Support IDBI Direct vs Indira Securities - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Indira Securities - Toll Free Number Yes Yes
Through Branches IDBI Direct vs Indira Securities - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Indira Securities - Customer Care Number 022-3913 5001 +91-(0)731-4797105/115/146
Account Opening Process IDBI Direct vs Indira Securities - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Indira Securities - Knowledge Center/Education Info Not Available https://www.indiratrade.com/blog
Head Office Address IDBI Direct vs Indira Securities - Head Office Address/Corporate Address Info Not Available
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website IDBI Direct vs Indira Securities - Company Website https://www.idbidirect.in/ https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Indira Securities on Research Reports, Tips

Compare IDBI Direct with Indira Securities on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Indira Securities
  IDBI Direct Indira Securities
Research Mutual Funds IDBI Direct vs Indira Securities - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Indira Securities - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs Indira Securities - Research ETF Yes No
Daily Market Report IDBI Direct vs Indira Securities - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Indira Securities - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Indira Securities - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Indira Securities - Yes Yes
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Demat Account

Compare IDBI Direct vs Indira Securities on Demat Account

Compare IDBI Direct with Indira Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Indira Securities is ₹450 pa (Second year onwards) where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Indira Securities is ₹20 or 0.02% whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Indira Securities
  IDBI Direct Indira Securities
DP Source CDSL CDSL
DP ID IDBI Direct vs Indira Securities - DP ID No 752000
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹450 pa (Second year onwards)
Advance Deposit NO Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹20 or 0.02% whichever is higher
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹50 per RRN
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹50
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹50 or 0.02% whichever is higher
Failed Instruction Charges Nil ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Indira Securities on Special Offers and Promotion

Compare IDBI Direct with Indira Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Indira Securities on Special Offers and Promotion
  IDBI Direct Indira Securities
Pay In and Pay Out Options IDBI Direct vs Indira Securities - Pay In and Pay Out Options Info Not Available

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time IDBI Direct vs Indira Securities - Payout Time Info Not Available

Max 24 hrs except bank holidays

Bank Supported and Charges IDBI Direct vs Indira Securities - Bank Supported and Charges Info Not Available

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail Info Not Available HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00