MarketWolf vs IDBI Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of MarketWolf vs IDBI Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of MarketWolf and IDBI Direct.

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MarketWolf vs IDBI Direct – Company Overview

Company Overview MarketWolf IDBI Direct
Company Type Private Public
Headquarters Mumbai Mumbai
Founder Vishesh Dhingra & Thomas Joseph Nagaraj Garla
Establishment Year 2017 1993

Compare the Brokerage of MarketWolf and IDBI Direct

Brokerage MarketWolf IDBI Direct
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery Free 0.50% of Transaction Value
Equity Intraday Rs.20 per Trade 0.05% of Transaction Value
Equity Future Rs.20 per Trade 0.05% of Transaction Value
Equity Option Rs.20 per Trade Rs.50 per Lot
Commodity Future NA 0.05% of Transaction Value
Commodity Option NA Rs.50 per Lot
Currency Future NA 0.05% of Transaction Value
Currency Option NA Rs.50 per Lot

MarketWolf vs IDBI Direct – Trading Platforms

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

Comparison of MarketWolf and IDBI Direct – Trading Features

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

Compare MarketWolf vs IDBI Direct Offers

Offers MarketWolf IDBI Direct
Free Account Opening Yes Yes
Free AMC Yes No
Free Brokerage Yes, Limited No
Flat Brokerage Yes No
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading Yes No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No Yes
Referral Offers 20% of Revenue Upto Rs.500 per Client
Margin Funding / Pledging No Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades Yes No

MarketWolf vs IDBI Direct – Products Provided

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

MarketWolf vs IDBI Direct – Services Provided

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

Compare MarketWolf and IDBI Direct Advisory

Advisory MarketWolf IDBI Direct
Fundamental Reports No Yes
Research Reports No Yes
Company Reports No Yes
Annual Reports No Yes
IPO Reports No Yes
Technical Reports No No
Stock Tips No No
Daily Top Stock Picks No No
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No Yes
Robo Advisory No No

Comparison of MarketWolf and IDBI Direct Exposure

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

Compare Programs of MarketWolf & IDBI Direct

Programs MarketWolf IDBI Direct
Sub Broker Program Yes, Limited Yes
Partner Program Yes, Limited Yes
Referral Program Yes Yes

MarketWolf vs IDBI Direct – Ratings by Finec

Ratings MarketWolf IDBI Direct
Overall Rating 8.30 / 10 7.60 / 10
Customer Support 8.27 / 10 7.57 / 10
Technology 8.40 / 10 7.70 / 10
Charges 8.34 / 10 7.63 / 10
Products & Service 8.25 / 10 7.56 / 10
Experience 8.24 / 10 7.54 / 10

Compare Customer Support of MarketWolf and IDBI Direct

Customer Support MarketWolf IDBI Direct
Trading Support NA Available, Free
Dedicated Dealer NA Available, Free
Call Support 7021723249 022-67719100
Email Support support@marketwolf.com customercare@idbi.co.in
Whatsapp Support 7827646482 NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA Available

Comparison of MarketWolf & IDBI Direct Complaints

Complaints MarketWolf IDBI Direct
Total Complaints Lodged 2 35
Total Complaints Resolved 2 28
% of Resolved Complaints 100.00% 80.00%
Non Actionable Complaints 0 3
% of Non Actionable Complaints 0.00% 8.57%

Compare Demat Charges of MarketWolf vs IDBI Direct

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

MarketWolf vs IDBI Direct – Compare STT & CTT

STT & CTT MarketWolf IDBI Direct
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of MarketWolf and IDBI Direct

Stamp Duty MarketWolf IDBI Direct
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

MarketWolf vs IDBI Direct – Transaction Charges

Transaction Charges MarketWolf IDBI Direct
Equity Delivery 0.00345% (NSE) & As per Stock (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00345% (NSE) & As per Stock (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Future 0.002% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.053% (on premium) 0.053% (on premium)
Commodity Future NA 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option NA 0.05% (Non Agri)
Currency Future NA 0.0009% (NSE) & 0.00022% (BSE)
Currency Option NA 0.035% (NSE) & 0.001% (BSE)

Compare Pledge Charges of MarketWolf & IDBI Direct

Pledge Charges MarketWolf IDBI Direct
Pledge Creation Charges Nil Rs.50 per Request or 0.04% of Value (whichever is higher)
Pledge Invocation Charges Nil Rs.50 per Request or 0.04% of Value (whichever is higher)
Interest on Margin Trading NA 0.07% per day

Comparison of MarketWolf and IDBI Direct – Hidden Charge

Hidden Charge MarketWolf IDBI Direct
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.15 per Scrip on Sell Rs.25 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Nil Rs.150
Reactivation Charges Nil Rs.100
Dematerialisation Charges Nil Rs.35 per Certificate
Call & Trade Charges Rs.100 per Trade Free

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