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IDBI Direct Vs Sushil Finance: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Sushil Finance 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 Sushil Finance ranges between .01 to .03 . Both the brokers are Full Service brokers. IDBI Direct is having overall higher rating compare to Sushil Finance. IDBI Direct is rated 3.5 out of 5 where Sushil Finance is rated only 3 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for Sushil Finance is . IDBI Direct is serving more customer compare to Sushil Finance.

Here we present side-by-side comparison of IDBI Direct vs Sushil Finance 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 Sushil Finance'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 Sushil Finance 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 Sushil Finance'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 Sushil Finance on Service

  IDBI Direct Compare
IDBI Direct
Sushil Finance Compare
Sushil Finance
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 BSE, NSE, MCX, NCDEX
Active Clients 54,478
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 Sushil Finance is one of the oldest full-service brokers serving the industry since 1982. A complete range of products & service offerings including NRI trading, free account opening, cutting-edge trading platforms, insightful research, and robus...Know more about Sushil Finance
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 Sushil Finance on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Sushil Finance 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 Sushil Finance charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Sushil Finance
Charges IDBI Direct Sushil Finance
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 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Sushil Finance on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Sushil Finance. 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 Sushil Finance on Plan Options
Plan Types IDBI Direct Sushil Finance
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

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Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Sushil Finance on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Sushil Finance Brokerage Plan detail - This is a standard plan by Sushil Finance. This is % based brokerage plan.

Brokerage Charges - Compare IDBI Direct with Sushil Finance
Brokerage Charges Compare IDBI Direct Sushil Finance
Plan Name Flat Brokerage PLan Basic Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.3% or 30 paisa
Equity Intraday 0.02% 0.03% or 3 paisa
Equity Futures Flat Rs 15 per order 0.03% or 3 paisa
Equity Options Flat Rs 15 per order Rs 50 Per Lot
Currency Futures Flat Rs 15 per order 0.03% or 3 paisa
Currency Options Flat Rs 15 per order Rs 30 Per Lot
Commodity Trading NA 0.03% or 3 paisa
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Sushil Finance
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Share Broker's Transaction Charges

Compare IDBI Direct vs Sushil Finance on Transaction Charges

Compare IDBI Direct with Sushil Finance on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Sushil Finance
Transaction Charges Compare IDBI Direct Sushil Finance
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 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for sushil-finance
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Account Features

Compare IDBI Direct vs Sushil Finance on Account Features

Compare IDBI Direct with Sushil Finance 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 Sushil Finance offers only 2-in-1 account which includes trading and demat account. Algo Trading - Sushil Finance 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 Sushil Finance
Account Features Compare IDBI Direct Sushil Finance
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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Sushil Finance on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Sushil Finance. 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 Sushil Finance
Trading Platform Compare IDBI Direct Sushil Finance
Desktop Trading Platform Infinity Sushil Finance
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://itrading.sushilfinance.com/html5/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Sushil Connect
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Sushil Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Sushil Connect 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 Sushil Finance
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Sushil Finance
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Sushil Finance
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for sushil-finance

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Broker Ratings by Users

Compare IDBI Direct vs Sushil Finance on User Rating

  IDBI Direct Sushil Finance
  31 Customer Reviews    Rate IDBI Direct 1 Customer Reviews    Rate Sushil Finance
Fees Ratings 3.0 4.0
Trading Brokerage Rating 2.5 5.0
Trading Platform Usability 2.6 4.0
Customer Service Ratings 2.7 5.0
Overall Ratings 2.7 4.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Sushil Finance is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare IDBI Direct vs Sushil Finance on Investment Offerings

Compare IDBI Direct with Sushil Finance 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 - Sushil Finance 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 Sushil Finance
Investment Offerings Compare IDBI Direct Sushil Finance
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
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 Insurance
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Order Types

Compare IDBI Direct vs Sushil Finance on Order Types

Order Type - Compare IDBI Direct with Sushil Finance 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) - IDBI Direct provide Cover Orders (CO) where Sushil Finance doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - IDBI Direct provide Bracket Orders (BO) where Sushil Finance doesn't offer.With the name its cleare 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 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- IDBI Direct offers Good Till Cancelled (GTC) orders where Sushil Finance doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Sushil Finance
Order Type Compare IDBI Direct Sushil Finance
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IDBI Direct vs Sushil Finance on Customer Service

Compare IDBI Direct with Sushil Finance 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 Sushil Finance
Customer Service Compare IDBI Direct Sushil Finance
24/7 Customer Service IDBI Direct vs Sushil Finance - 24x7 customer support No No
Email Support IDBI Direct vs Sushil Finance - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Sushil Finance - Onine Live Chat No No
Phone Support IDBI Direct vs Sushil Finance - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Sushil Finance - Toll Free Number Yes No
Through Branches IDBI Direct vs Sushil Finance - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Sushil Finance - Customer Care Number 022-3913 5001 +91-22-40778083/87/88
Account Opening Process IDBI Direct vs Sushil Finance - Account Opening Process Info Not Available Instant & Paperless
Customer Support Email IDBI Direct vs Sushil Finance - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Sushil Finance - Knowledge Center/Education Info Not Available https://www.sushilfinance.com/research/fundamental
Head Office Address IDBI Direct vs Sushil Finance - Head Office Address/Corporate Address Info Not Available Info Not Available
Website IDBI Direct vs Sushil Finance - Company Website https://www.idbidirect.in/ https://www.sushilfinance.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Sushil Finance on Research Reports, Tips

Compare IDBI Direct with Sushil Finance on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Sushil Finance
  IDBI Direct Sushil Finance
Research Mutual Funds IDBI Direct vs Sushil Finance - Research Mutual Funds Yes Yes
Research Equity Reports IDBI Direct vs Sushil Finance - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs Sushil Finance - Research ETF Yes Yes
Daily Market Report IDBI Direct vs Sushil Finance - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Sushil Finance - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Sushil Finance - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Sushil Finance - Yes Yes
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Demat Account

Compare IDBI Direct vs Sushil Finance on Demat Account

Compare IDBI Direct with Sushil Finance 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 Sushil Finance is ₹400 one time 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 Sushil Finance is 0.04% of the transaction value (Min ₹15).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 Sushil Finance
  IDBI Direct Sushil Finance
DP Source CDSL CDSL
DP ID IDBI Direct vs Sushil Finance - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹400 one time
Advance Deposit NO INVESTOR- NIL ECONOMY-NIL CLASSIC-NIL NSEL-NIL PREMIUM-Rs3700 ( on closing of account Rs .3300 will be refunded)
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.04% of the transaction value (Min ₹15)
Demat ₹5 per certificate + ₹30 courier charges ₹10 per certificate + ₹75 request charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹35 per request
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹35
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹35
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 Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Sushil Finance on Special Offers and Promotion

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

Compare IDBI Direct vs Sushil Finance on Special Offers and Promotion
  IDBI Direct Sushil Finance
Pay In and Pay Out Options IDBI Direct vs Sushil Finance - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time IDBI Direct vs Sushil Finance - Payout Time Info Not Available Info Not Available
Bank Supported and Charges IDBI Direct vs Sushil Finance - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
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 on BSE, NSE, and MCX.
  • Trusted broker since 1982.
  • No account opening charges.
  • Web, app, and desktop-based trading platforms.
  • Equity research and recommendations.
  • Free call & trade.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • Robust offline presence with 375+ channel partners all over the country.

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...

  • High brokerage fee on trading.
  • Average-rated trading platforms.
  • Poor customer support.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00