Maverick Vs INDmoney
Maverick
Maverick Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Maverick Vs INDmoney - Broker Details
| Maverick | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2000 | 2019 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE and MCX |
| Branches | N/A | 966 |
| Brokerage | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Broker Type | Full Service Broker | Discount Broker |
Maverick Vs INDmoney - Account Opening & AMC Charges
| Maverick | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹300 per year | ₹999 for Lifetime | ₹0 (Free) |
| Trading Account AMC | NA | ₹0 (Free) |
Maverick Vs INDmoney - Brokerage charges & Plans
| Maverick | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% per order | N/A |
| Currency Futures | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.1% per order | 0.05% or up to ₹20/Per Order |
| Equity Options | Rs. 10 per lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | Rs. 10 per lot | N/A |
| Equity Futures | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Currency Options | Rs. 10 per lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.01% per order | 0.05% or up to ₹20/Per Order |
Maverick Vs INDmoney - Other Charges
| Maverick | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹20/Order | ₹50 per position |
| Other Brokerage Charges | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.01% per order | 0.05% or up to ₹20/Per Order |
Maverick Vs INDmoney - Transaction Charges
| Maverick | INDmoney | |
|---|---|---|
| Currency Options | Exchange txn charge: 0.035%e | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: 0.0019% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: 0.05% (on premium) | NSE: 0.053% on premium value |
| Commodity | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% | 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 |
| Currency Futures | Exchange txn charge: 0.0009% Clearing charge: .00025% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) | NSE - 0.00325% | BSE- 0.00375% |
Maverick Vs INDmoney - Margin (Exposure)
| Maverick | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Maverick Vs INDmoney - Features
| Maverick | INDmoney | |
|---|---|---|
| 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 & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Maverick Vs INDmoney - Review & Rating
| Maverick | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Maverick Vs INDmoney - Request a call back from Broker
| Maverick | INDmoney | |
|---|---|---|
Maverick Vs INDmoney - Investment Options
| Maverick | INDmoney | |
|---|---|---|
| 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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Maverick Vs INDmoney - Order Type
| Maverick | INDmoney | |
|---|---|---|
| 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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Maverick Vs INDmoney - Research & Report
| Maverick | INDmoney | |
|---|---|---|
| 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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Maverick Vs INDmoney - Daily Market Report
| Maverick | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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Maverick Vs INDmoney - Suitable For Investor
| Maverick | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Maverick Vs INDmoney - Pros & Cons
| Maverick | INDmoney | |
|---|---|---|
| Pros | 1. Reliable and experienced brokerage firm, 2. Wide range of investment options, 3. Excellent customer service and support, 4. RWide range of investment products and options, 5. Competitive pricing and low fees. | 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. |
| Cons | 1. Market volatility and potential investment risks, 2. Possibility of financial losses, 3. Dependency on market conditions and economic factors, 4. Potential conflicts of interest, 5. Regulatory compliance challenges, 6. Potential for high trading fees and expenses. | 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. |
Maverick Vs INDmoney - Background
| Maverick | INDmoney | |
|---|---|---|
Maverick Vs INDmoney - Compare All Brokers
| Maverick | INDmoney | |
|---|---|---|
Maverick Vs INDmoney - STT/CTT
| Maverick | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.0625% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Maverick Vs INDmoney - Demat transaction charges
| Maverick | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | Rs.20 /- | ₹250/ per certificate |
Maverick Vs INDmoney - GST
| Maverick | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Maverick Vs INDmoney - SEBI Charges
| Maverick | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Maverick Vs INDmoney - Account Opening & AMC Charges
Maverick
INDmoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹300 per year | ₹999 for Lifetime
₹0 (Free)
Trading Account AMC
NA
₹0 (Free)
Maverick Vs INDmoney
| Maverick | INDmoney | |
|---|---|---|
Maverick Account Opening Process and Charges Detail |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Maverick Vs INDmoney - Brokerage charges & Plans
| Maverick | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% per order | N/A |
| Currency Futures | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Equity Delivery | 0.1% per order | 0.05% or up to ₹20/Per Order |
| Equity Options | Rs. 10 per lot | 0.05% or up to ₹20/Per Order |
| Commodity Options | Rs. 10 per lot | N/A |
| Equity Futures | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Currency Options | Rs. 10 per lot | 0.05% or up to ₹20/Per Order |
| Fixed Charges | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | 0.01% per order | 0.05% or up to ₹20/Per Order |
Maverick Vs INDmoney - Margin (Exposure)
| Maverick | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Maverick Vs INDmoney - Other Charges
| Maverick | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹20/Order | ₹50 per position |
| Other Brokerage Charges | 0.01% per order | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | 0.01% per order | 0.05% or up to ₹20/Per Order |
Maverick Vs INDmoney - STT/CTT
| Maverick | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.0625% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.0125% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Maverick Vs INDmoney - Demat transaction charges
| Maverick | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | Rs.20 /- | ₹250/ per certificate |
Maverick Vs INDmoney - GST
| Maverick | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Maverick Vs INDmoney - SEBI Charges
| Maverick | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Maverick Vs INDmoney - Features
| Maverick | INDmoney | |
|---|---|---|
| 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 & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Maverick Trade Mobile App, 2. Maverick Tradeweb Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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