IDBI Direct is a full-service broker that provides a 3-in-1 account feature. Let’s 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 Review & Customer Ratings
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 the IDBI bank account. But to avail of a 3-in-1 account facility, the Demat account should be maintained with IDBI Capital only.
Customer care at IDBIDirect is found to be satisfactory, although not the best of the breed. IDBI Direct supports its client through emails for inquiries, suggestions, 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
- Mutual Fund
IDBI Direct Services
- Demat Account
- Trading Account
- Depository Services
- 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 / Features||FG 500,000||FG 100,000||FG 50,000|
|Validity||12 months||12 months||12 months|
|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 10||Rs 5||Rs 20|
|Plan / Features||FG 25,000||FG 10,000||FG 5,000|
|Validity||12 months||9 months||6 months|
|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.25||Rs.40||Rs.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 broker like ICICI (.55%), HDFC (.50%), SBI CAP (.50%).
Brokerage for future and Intraday trade ranges from .04% to .01% which is again medium to the low range when seen with Sharekhan (.1%) Religare (.05%) and almost similar to Edelweiss (.50%-.015%).
Options 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 Plan||Flexi Gold Brokerage Plan|
|Equity Options||Rs 100 per lot|
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 include Equity, Derivatives, MF, IPO, NCD, Fixed Income Products.
IDBI Direct Trading Platforms Review
The stockbroking house provides a 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 funds 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 for 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 EXE-based desktop software. It is specially 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 another full service 3 in 1 broker such as ICICI and HDFC. IDBI is an average Broker with pleasant overall offers.
- A 3-in-1 service provider
- New user-friendly design and content layout on new portal idbidirect.in
- Investment offerings for NRIs.
- Technical issues with trading platforms
- Commodities & Currency trading is not available
- Minimum brokerage charges
Pay only ₹20 per order for Intraday, F&O, Currencies, and Commodities.