IDBI Direct Review 2025: Stock Trading, Demat, and Brokerage

IDBI Direct is a leading discount broker in India and offers Discount Broker to traders and investors across the country. The discount stockbroker enables investors to trade in equity, commodity, currency, futures, and options across BSE and NSE.

Here is a detailed IDBI Direct review that encompasses all the details of the stockbroker like brokerage charges, account opening charges, features, exposure, other charges, trading platforms, products, etc. So, let's go through this review below.

IDBI Direct Overview

IDBI Direct stock broker is backed by IDBI Direct Capital Limited, a reputed public company promoted by the founders of none other than IIFL. The broker started its operations in 1993. The stockbroker reached new heights of success quickly which is an example for others.

IDBI Direct has headquarters in Mumbai. The stockbroking company was founded by Nagaraj Garla. The stockbroker offers different subscription plans – Regular, Power Investor, and Ultra Trader.

Since its inception, the stockbroker has established itself as a competitive Discount Broker by providing a user-centric trading platform, reasonable brokerage, and high-end research tools. Along with this, IDBI Direct offers steadfast customer support and educational support, making it a great choice for investors and traders.

IDBI Direct A Comprehensive Company Overview

Company Overview IDBI Direct
Company Type Public
Broker Type Discount Broker
Headquarters Mumbai
Founder Nagaraj Garla
Establishment Year 1993

Account opening and demat charges

IDBI Direct has Free account opening charges for both trading and Demat accounts. For trading account, the AMT charges are Free but the AMC for the Demat Account is Rs. Rs.350 per Year.

If you are looking to invest in stock through IDBI Direct, you would have to open a 2-in-1 account which includes a Demat account and a trading account.

Account Opening and Demat Charges

Broker IDBI Direct
Trading Account Opening Charges Free
Demat AMC (Annual Maintenance Charges) Rs.350 per Year
Depository

IDBI Direct brokerage charges 2025

The brokerage refers to an amount that is charged by a stockbroker against the services offered.

  • Equity delivery: You need to pay these charges when you buy and hold stocks in your trading account for a longer period. This type of trading generally charges lower brokerage charges as compared to others.
  • Equity intraday: When you buy and sell stocks on the same day, you need to pay equity delivery brokerage charges. Intraday trading mainly focuses on short-term price movements.
  • Equity futures: You have to pay equity future brokerage charges when you trade futures contracts on stocks. Equity futures are agreements to buy or sell a stock at a predetermined price on a future date. The charges for trading equity futures include brokerage fees and may also include transaction charges based on the contract value.
  • Equity options: When you trade options contracts based on stocks, you have to pay brokerage charges determined for equity options. An equity option gives the holder the right, but not the obligation, to buy or sell a stock at a specified price before or at the expiration date. The brokerage charges for options trading often include a flat fee per contract or a fee based on the option’s premium.
  • Commodity futures: These are charges for trading futures contracts on commodities such as gold, oil, or agricultural products. Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a predetermined price on a future date.
  • Currency futures: These are charges for trading futures contracts on currencies. Currency futures involve agreements to exchange one currency for another at a set price on a future date. The charges for currency futures usually include a flat fee per contract and may vary depending on the currency pair and contract size.
  • Currency options: Charges for trading options contracts on currencies. A currency option provides the right, but not the obligation, to buy or sell a currency pair at a specified price before or at the expiration date. The charges for currency options typically include a fee per option contract and may be based on the option's premium.

Brokerage of IDBI Direct

Brokerage IDBI Direct
Brokerage Plan Standard Plan
Subscription Charges Zero
Equity Delivery 0.50% of Transaction Value
Equity Intraday 0.50% of Transaction Value
Equity Future 0.50% of Transaction Value
Equity Option Rs.50 per Lot
Commodity Future 0.05% of Transaction Value
Commodity Option Rs.50 per Lot
Currency Future 0.05% of Transaction Value
Currency Option Rs.50 per Lot

IDBI Direct margin exposure

To provide assistance to traders and investors in the utilization of margin money for trading, IDBI Direct offers margin exposure. You may manage bigger holdings with lesser sums of money when you use margin money. You can increase your trading potential and seize market opportunities with this product.

IDBI Direct Exposure

Exposure IDBI Direct
Equity Delivery 1x
Equity Intraday Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1X
Equity F&O Intraday 1.3x
Commodity F&O Carry Forward 1x
Commodity F&O Intraday 1.3x
Currency F&O 1x

IDBI Direct other charge

Apart from charging brokerage charges, there are several other charges levied by IDBI Direct. These charges come under the purview of other charges. These include stamp duty, STT, SEBI turnover charges, GST, transaction charges, and others. As an investor or trader, you must need to be aware of these charges before going ahead.

Other charges of IDBI Direct

Charges IDBI Direct
STT Equity Delivery
Stamp Duty Equity Delivery
Transaction Charges Equity Intraday
STT Equity Intraday
Stamp Duty Equity Intraday
Transaction Charges Equity Futures
STT Equity Future
Stamp Duty Equity Future
Transaction Charges Equity Options
STT Equity Options
Stamp Duty Equity Options
SEBI Turnover Charges
GST

IDBI Direct trading platforms

IDBI Direct offers different trading platforms for both mobile and desktop users. All these trading platforms are high on user-friendliness and advanced features. Whether you are new to stock trading or a seasoned trader, these trading platforms offer exemplary trading experience. Some of the features offered by IDBI Direct trading platforms are:

  • Single-click order placement
  • Multiple watchlists
  • Smart mobile application
  • Research and advisory
  • UPI-based fund transfer
  • Auto investor
  • Live quotes on markets and stocks
  • Tracking investments and trades

IDBI Direct – Trading Platforms

Trading Platforms IDBI Direct
Android App IDBI Direct Android App Link
iOS App IDBI Direct iOS App Link
Web Trading Platform IDBI Direct Web Trading Link
Trading Terminal Available
Algo Trading Platform Available
Foreign Stocks Trading Platform NA
Basket Trading Platform NA
Mutual Fund Investment Platform Available
Digital Gold Investment Platform NA
Bonds Investment Platform NA

IDBI Direct offers

In order to entice investors, a lot of stockbrokers make alluring offers. For instance, some might provide a free account opening procedure, while others might provide free trading and delivery. Brokers utilize these offerings to set themselves apart from the competition and to draw in new business while keeping hold of their current clientele. Brokers increase the desirability of their services in comparison to rivals by emphasizing these advantages.

IDBI Direct Offers

Offers IDBI Direct
Free Account Opening Yes
Free AMC No
Free Brokerage No
Flat Brokerage No
Flexible Brokerage Plans Yes
Happy Trading Hours No
Free Delivery Trading No
Free Intraday Trading No
Free F&O Trading No
Free Research Reports Yes
Free Trading calls Yes
Referral Offers Upto Rs.500 per Client
Margin Funding / Pledging Yes
Brokerage Cashback No
Zero Brokerage for Loss Making Trades No

IDBI Direct features

Additionally, IDBI Direct provides sophisticated trading tools for both novice and seasoned traders. From fundamental elements like portfolio tracking and real-time market data to more sophisticated choices like investment research, tailored recommendations, and charting tools, these features cover the gamut. Additionally, Angel One provides stock tips, research reports, and personalized stock recommendations.

Comparison of IDBI Direct – Trading Features

Trading Features IDBI Direct
Wishlist Yes
Real Time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
Research Reports Yes
Global indices No
Customised Recommendations No
Stock tips No
Interactive charts Yes
Live market Yes
Multi Profile Management Yes
Robust & Secure Platform Yes

Services

The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.

IDBI Direct – Services Provided

Services Provided IDBI Direct
Demat Services Yes
Trading Services Yes
Intraday Services Yes
F&O Services Yes
IPO Services Yes
3 in 1 Account Yes
Stock Research Yes
Stock Recommendations Yes
Trading Institution No
Share Pledging Yes
PMS or PCG No
NRI Services No

Products

For traders and investors, IDBI Direct provides a full range of financial solutions. Based on your interests, you can trade in stocks, options, and futures. It also provides currency and commodity trading. IDBI Direct also lets you trade foreign equities if you're interested in international markets. Additionally, investing in mutual funds allows you to diversify your portfolio. It will assist you in protecting your money from erratic market fluctuations. IDBI Direct can efficiently cater to a variety of investment plans and tastes thanks to its wide range of product offerings.

IDBI Direct – Products Provided

Products Provided IDBI Direct
Equity Delivery Yes
Equity Intraday Yes
Equity Option Yes
Equity Future Yes
Commodity Option Yes
Commodity Future Yes
Currency Option Yes
Currency Future Yes
Foreign Stocks No
Mutual Funds Yes
Banking Yes
Insurance Yes
Corporate Bonds Yes
Govt. Bonds Yes
Digital Gold No

Customer support

IDBI Direct provides strong customer service to guarantee a seamless and trouble-free experience for its customers. For assistance with any questions or problems, their committed support staff is accessible via phone, email, and live chat.

Customer Support of IDBI Direct

Customer Support IDBI Direct
Trading Support Available, Free
Dedicated Dealer Available, Free
Call Support 022-67719100
Email Support customercare@idbi.co.in
Whatsapp Support NA
Website Support Website Link
Facebook Support Facebook Support Link
Twitter Support Twitter Support Link
Telegram Support Telegram Support Link
Branches / Offices Available

Customer complaints

The BSE and NSE regularly receive and address complaints in order to maintain a rigorous check and balance on fair-trade opportunities for all traders and investors. Investors have the option to file complaints regarding brokers, trading members, and index-listed businesses. In order to address them, the BSE and NSE give them a deadline to correct their error; if they don't, harsh action is taken against them. The total number of complaints filed with the BSE or NSE is listed below. You may also see the percentage of those complaints that were settled. Another helpful indicator to evaluate a stock broker is the proportion of lodged vs resolved cases.

IDBI Direct Complaints

Complaints IDBI Direct
Total Complaints Lodged 35
Total Complaints Resolved 28
% of Resolved Complaints 80.00%
Non Actionable Complaints 3
% of Non Actionable Complaints 8.57%

Frequently Asked Questions


Who is the founder of IDBI Direct?
IDBI Direct is founded by Nagaraj Garla.

What type of broker is IDBI Direct?
IDBI Direct is a Discount Broker broker and it offers a complete range of financial services such as stock trading, mutual funds, and advisory services. Plus, it offers both online and offline trading facilities for various investor needs.

Is IDBI Direct free?
IDBI Direct account opening process is free but you have to pay the annual maintenance charges of Rs.350 per Year.

Is IDBI Direct reliable?
Yes, IDBI Direct is a trusted and regulated broker in India with over two decades of experience in the financial industry. It is a member of major exchanges like NSE, BSE, and MCX.

How to open a demat account with IDBI Direct?
You can open an IDBI Direct demat account by visiting the official website of IDBI Direct. You need to submit the basic personal details, and KYC documents, and complete an e-sign process. The account is usually activated within 24-48 hours.

What trading platforms does IDBI Direct offer?
IDBI Direct offers multiple trading platforms, including a web-based platform, a mobile app, and a desktop application. These platforms are equipped with advanced tools and features for seamless trading.

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