1. MDirect Brokerage Calculator
Page Contents Table
The website of MDirect hosts the brokerage calculator. Brokerages are the charges that a trader pays as commission to the broker for facilitating the trading. The calculator gives exact calculations of how much each trade would be charged on the broker. It provides calculation on Equities, F&O, Commodities and Currency segments. This helps the traders plan their trades better with proper targets stop loss. They charge you Rs 500 as account opening charges with them. The Brokerage calculator does these calculations for you in matter of seconds. They give the detailed contract note for you.
2. MDirect Equity Brokerage Calculator
In this section we will cover the brokerage on the Intraday, delivery and derivatives of the Equity segment. Intraday and delivery are the most common orders that are paced on trading platform. Almost all of the brokers charge lesser on the intraday orders than the delivery orders. Some brokers charge flat charges all the segments.
– MDirect Equity Intraday Brokerage Calculator
On Equity Intraday they charge flat Rs 18 brokerage on its available plan. This is across all the segments on MDirect. They also charge other fees as per the requirements by the exchange. All charges are detailed out on the provisional contract note on the brokerage calculator.
– MDirect Equity Delivery Brokerage Calculator
They charge Rs 18 brokerage on the delivery trade on their plans. Delivery trades are the ones that are held for more than one trading session. They can be closed when the trader finds a better price for selling off the position.
– MDirect Equity Future Brokerage Calculator
They charge you a fee of Rs 18 across all segments as flat brokerage. Futures on equities also need margin to be maintained on the trading account. Not all equities have future contracts available for. The list of equity futures can be found on broker website and also on the NSE website.
– MDirect Equity Option Brokerage Calculator
Options are another form of derivatives that has an expiration date attached to them. Brokerage on them are flat Rs 18 for each order in their available plan. As similar to the futures, options also need margin on the account to be maintained. Not all equities can have an option contract. The list of equities that have an option for them is listed on the broker website. They can also be found on the NSE website.
3. MDirect Commodity Brokerage Calculator
Commodities can also be traded on MDirect trading platform. MCX is the exchange that facilitate the commodity trading. They charge similar charges to that of the NSE exchange. The plans are also similar to that of Equities on the broker. Gold, Silver and Crude oil are the most popular commodities. Commodities are traded in derivative forms, either as Future or options. Future lots have both mega and mini lots. Small traders can use mini lots if they have smaller capital. The profits on the mini lots are smaller when compared to the mega lots.
MDirect Commodity Future Brokerage Calculator
On Commodity Futures, MDirect charges flat brokerage of Rs 18 per each order on its available plan. Other exchange related charges are different when compared to the NSE or BSE.
MDirect Commodity Option Brokerage Calculator
Similar to the Commodity Futures, they charge Rs 18 as flat brokerage on options. Options on commodities are less popular than the futures.
4. MDirect Currency Brokerage Calculator
They also have the facility to trade on currencies. You can trade either in a future contract or also options contract on currencies. Currency market is one of the volatile markets and runs almost 24 hours and across 7 days a week.
MDirect Currency Future Brokerage Calculator
They charge Rs 18 flat on their available plan. NSE website gives details of all the available future contracts where the trader can trade.
MDirect Currency Option Brokerage Calculator
They charge Rs 18 flat on their available plan. NSE website gives details of all the available options contracts where the trader can trade.
5. MDirect Basic Plan Brokerage Charges Table.
|Monthly Fee (Fixed)|
|Equity Delivery||For every order executed ₹18|
|Equity Intraday||For every order executed ₹18|
|Equity Futures||For every order executed ₹18|
|Equity Options||For every order executed ₹18|
|Currency Futures||For every order executed ₹18|
|Currency Options||For every order executed ₹18|
|Commodity Futures||For every order executed ₹18|
|Commodity Options||For every order executed ₹18|
6. MDirect BO & CO Brokerage Calculator
MDirect does not provide orders to be placed under BO and CO. BO and CO provides the facility to place orders, with triggers, target and also stop loss at a single window making it more easier for the trader to place trades.
7. MDirect Span Brokerage Calculator
There is no additional charge for Span margin facility on MDirect. Hence no brokerage calculation available for it.
8. Need MDirect Brokerage Calculator
The brokerage calculator is detailed enough to make you understand how much will you be charged for each type of segment. This will help you plan your targets profits or loss if it hits the SL. The calculator itself is too smooth to use and you can calculate the brokerage in blink of an eye. It covers all the segments.
9. List of other Stock Broker Brokerage Calculator
|Upstox Broker Review||Alice Blue Broker Review|
|Zerodha Broker review||Astha Broker Review|
|MDirect Broker Review||Fyers Broker Review|
What are MDirect brokerage charges?
Ans: MDirect charges flat Rs 18 across all the segments.
What is STT charge in MDirect?
Ans: STT charge on MDirect 0.0112% for total turnover.
Is MDirect a good broker?
Ans: MDirect is charging flat Rs 18 for as brokerage and also has good customer support making it a good broker to consider.
Can we convert intraday to delivery in MDirect?
Ans: Yes, we can convert intraday to delivery in MDirect.
Is MDirect really free?
Ans: It charges Rs 18 as brokerage fees across all segments. Hence cannot really be considered free.
Which is better – MDirect vs ShareKhan?
Ans: Both the brokers are equally rates by the traders across various ratings.
What is one unique thing on MDirect brokers?
Ans: MDirect charge Rs 18 as brokerage across all the segments.