INDmoney Vs Definedge Securities
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Definedge Securities
INDmoney Vs Definedge Securities - Broker Details
| INDmoney | Definedge Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2019 | 2015 |
| Exchanges | NSE, BSE and MCX | NSE, BSE, MCX and NCDEX. |
| Branches | 966 | 270 |
| Brokerage | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Broker Type | Discount Broker | Discount Broker |
INDmoney Vs Definedge Securities - Account Opening & AMC Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹180 |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹300 |
| Trading Account AMC | ₹0 (Free) | ₹300 AMC |
INDmoney Vs Definedge Securities - Brokerage charges & Plans
| INDmoney | Definedge Securities | |
|---|---|---|
| Commodity Futures | N/A | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | 0.05% or up to ₹20/Per Order | ₹0 (Free) |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Commodity Options | N/A | ₹18 per executed order |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% or ₹ 18 per executed order whichever is lower |
INDmoney Vs Definedge Securities - Other Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹36/- per order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
INDmoney Vs Definedge Securities - Transaction Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) |
| Equity Options | NSE: 0.053% on premium value | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) |
INDmoney Vs Definedge Securities - Margin (Exposure)
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
INDmoney Vs Definedge Securities - Features
| INDmoney | Definedge Securities | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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INDmoney Vs Definedge Securities - Review & Rating
| INDmoney | Definedge Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Definedge Securities - Request a call back from Broker
| INDmoney | Definedge Securities | |
|---|---|---|
INDmoney Vs Definedge Securities - Investment Options
| INDmoney | Definedge Securities | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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INDmoney Vs Definedge Securities - Order Type
| INDmoney | Definedge Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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INDmoney Vs Definedge Securities - Research & Report
| INDmoney | Definedge Securities | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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INDmoney Vs Definedge Securities - Daily Market Report
| INDmoney | Definedge Securities | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Definedge Securities - Suitable For Investor
| INDmoney | Definedge Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Definedge Securities - Pros & Cons
| INDmoney | Definedge Securities | |
|---|---|---|
| Pros | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. | 1. Well-established brokerage firm, 2. Diverse range of financial products, 3. Advanced trading platforms. 4. Experienced team of professionals, 5. Strong research and analysis support. |
| Cons | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. | 1. Possible high fees or commissions, 2. Customer service quality might vary, 3. Limited physical branch presence, 4. May not cater to all types of investors.5. Platform complexity for beginners. |
INDmoney Vs Definedge Securities - Background
| INDmoney | Definedge Securities | |
|---|---|---|
INDmoney Vs Definedge Securities - Compare All Brokers
| INDmoney | Definedge Securities | |
|---|---|---|
INDmoney Vs Definedge Securities - STT/CTT
| INDmoney | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell Side |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy and sell |
| Equity Futures | 0.01% only on sell | 0.01% on sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Definedge Securities - Demat transaction charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹0 (Free) |
INDmoney Vs Definedge Securities - GST
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
INDmoney Vs Definedge Securities - SEBI Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
INDmoney Vs Definedge Securities - Account Opening & AMC Charges
INDmoney
Definedge Securities
Trading Account Opening Charge
₹0 (Free)
₹180
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹300
Trading Account AMC
₹0 (Free)
₹300 AMC
INDmoney Vs Definedge Securities
| INDmoney | Definedge Securities | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
Definedge Securities Review | Account Charges, Brokerage, and Trading Platforms |
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Definedge Securities
INDmoney Vs Definedge Securities - Brokerage charges & Plans
| INDmoney | Definedge Securities | |
|---|---|---|
| Commodity Futures | N/A | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | 0.05% or up to ₹20/Per Order | ₹0 (Free) |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Commodity Options | N/A | ₹18 per executed order |
| Equity Futures | 0.05% or up to ₹20/Per Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.03% or ₹ 18 per executed order whichever is lower |
INDmoney Vs Definedge Securities - Margin (Exposure)
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x(100% of NRML margin (Span + Exposure)) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
INDmoney Vs Definedge Securities - Other Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | ₹0 (Free) |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | ₹50 per position | ₹36/- per order |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | ₹18 per executed order |
INDmoney Vs Definedge Securities - STT/CTT
| INDmoney | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% only on sell side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell Side |
| Equity Options | 0.05% only on sell (On Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy and sell |
| Equity Futures | 0.01% only on sell | 0.01% on sell Side |
| Commodity Options | 0.05% only on sell side | 0.05% on sell side |
INDmoney Vs Definedge Securities - Demat transaction charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹0 (Free) |
INDmoney Vs Definedge Securities - GST
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
INDmoney Vs Definedge Securities - SEBI Charges
| INDmoney | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
INDmoney Vs Definedge Securities - Features
| INDmoney | Definedge Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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