Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Charge | Interactive Brokers | IDBI Direct |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹500 (one-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹0 | ₹450 p.a. |
Charge | Interactive Brokers | IDBI Direct |
---|---|---|
Plan Name | N/A | Standard Plan |
Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | 0.50% |
Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | 0.05% |
Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.05% |
Equity Options | Minimum ₹6 and Upto ₹20 per executed order | ₹100 per lot |
Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | N/A |
Currency Options | Minimum ₹6 and Upto ₹20 per executed order | N/A |
Commodity Options | N/A | N/A |
Mutual Fund | N/A | N/A |
Segment | Interactive Brokers | IDBI Direct |
---|---|---|
Equity Delivery | N/A | Nil |
Equity Intraday | N/A | Upto 4x |
Equity Future | N/A | Nil |
Equity Options | N/A | Nil |
Currency Future | N/A | N/A |
Currency Options | N/A | N/A |
Commodity Future | N/A | N/A |
Commodity Options | N/A | N/A |
Interactive Brokers | IDBI Direct |
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No data |