Axis Direct Vs Progressive Share Brokers
Axis Direct
Axis Direct is a full service Broker. Axis Direct Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Axis Direct Vs Progressive Share Brokers - Broker Details
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2011 | 1996 |
| Exchanges | BSE, NSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX |
| Branches | 2500+ | 3 |
| Brokerage | 0.05% | 0.04% per order |
| Broker Type | Full Service Broker | Full Service Broker |
Axis Direct Vs Progressive Share Brokers - Account Opening & AMC Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹900/- | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹750/- | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
Axis Direct Vs Progressive Share Brokers - Brokerage charges & Plans
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.03% | 0.04% per order |
| Currency Futures | 0.05% | 0.04% per order |
| Equity Delivery | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% | 0.35% per order |
| Equity Options | ₹10/ Order | ₹35 per lot |
| Commodity Options | ₹50/ Lot | ₹35 per lot |
| Equity Futures | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% | 0.04% per order |
| Currency Options | ₹10/ Order | ₹15 per lot |
| Fixed Charges | N/A | 0.04% per order |
| Equity Intraday | 0.05% | 0.04% per order |
Axis Direct Vs Progressive Share Brokers - Other Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | Intraday:- ₹0/- | Carry forward:- ₹10/Lot | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹20/ Call (20th call/ Month) | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.05% | 0.04% per order |
| Minimum Brokerage | 0.05% | 0.04% per order |
Axis Direct Vs Progressive Share Brokers - Transaction Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Currency Options | ₹5000/Cr (0.05%) (on premium) | Exchange txn charge: 0.035% |
| Equity Futures | NSE ₹190/Cr (0.0019%) | BSE ₹300/ Cr (0.003%) (each side) | NSE: 0.0019% |
| Equity Intraday | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE ₹5000/Cr (0.05%) | BSE ₹300/Cr (0.003%) (on premium) | NSE: 0.05% (on premium) |
| Commodity | N/A | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | ₹190/Cr (0.0019%) | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
Axis Direct Vs Progressive Share Brokers - Margin (Exposure)
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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 (100% of trade value) | 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)) |
Axis Direct Vs Progressive Share Brokers - Features
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. Axis Direct Portal 2. Direct Trade (Desktop Trading Application) 3. Swift Trade 3.0 (Web-based trading platform). 4. Axis Direct Mobile App 5. Axis Direct Wise Advisor | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Axis Direct Vs Progressive Share Brokers - Review & Rating
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Axis Direct Vs Progressive Share Brokers - Request a call back from Broker
| Axis Direct | Progressive Share Brokers | |
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Axis Direct Vs Progressive Share Brokers - Investment Options
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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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Axis Direct Vs Progressive Share Brokers - Order Type
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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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Axis Direct Vs Progressive Share Brokers - Research & Report
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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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Axis Direct Vs Progressive Share Brokers - Daily Market Report
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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Axis Direct Vs Progressive Share Brokers - Suitable For Investor
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Axis Direct Vs Progressive Share Brokers - Pros & Cons
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Pros | 1.It offers three in one account that enables the smooth transfer of funds. 2.It provides elaborated research and reports. 3.It provides various trading software that has very quick and high performance. 4. It provides personal guidance from the experts. 5. It has excellent trading platforms. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1.They charge high for brokerage, account opening and even Annual Maintenance charges. 2. The exposure provided by the broker is the least. 3. There is no support for the commodity segment. 4. It charges fees for the trading terminal and charges a nominal fee on monthly basis. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
Axis Direct Vs Progressive Share Brokers - Background
| Axis Direct | Progressive Share Brokers | |
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Axis Direct Vs Progressive Share Brokers - Compare All Brokers
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
Axis Direct Vs Progressive Share Brokers - STT/CTT
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% on the sell side |
| Equity Options | 0.05% on sell side (on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on sell side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
Axis Direct Vs Progressive Share Brokers - Demat transaction charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹5/Certificate or ₹50/Request, whichever is higher | ₹10 per request |
Axis Direct Vs Progressive Share Brokers - GST
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
Axis Direct Vs Progressive Share Brokers - SEBI Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Axis Direct Vs Progressive Share Brokers - Account Opening & AMC Charges
Axis Direct
Progressive Share Brokers
Trading Account Opening Charge
₹900/-
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹750/-
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
Axis Direct Vs Progressive Share Brokers
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
Axis Direct ReviewsAxis Securities Limited is a full-service broker that is a part of Axis bank, Which is a leading private bank in India. Online Axis directs its services and various other trading financial products to the retail customers in India through Axis Direct brand. Axis direct is NSDL or CDSL participant and ranked among the top stock brokers in India with more than 4.2 lakhs active customer .. + " Vs "+ Progressive Share Brokers |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Axis Direct Vs Progressive Share Brokers - Brokerage charges & Plans
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.03% | 0.04% per order |
| Currency Futures | 0.05% | 0.04% per order |
| Equity Delivery | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% | 0.35% per order |
| Equity Options | ₹10/ Order | ₹35 per lot |
| Commodity Options | ₹50/ Lot | ₹35 per lot |
| Equity Futures | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% | 0.04% per order |
| Currency Options | ₹10/ Order | ₹15 per lot |
| Fixed Charges | N/A | 0.04% per order |
| Equity Intraday | 0.05% | 0.04% per order |
Axis Direct Vs Progressive Share Brokers - Margin (Exposure)
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| 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 (100% of trade value) | 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)) |
Axis Direct Vs Progressive Share Brokers - Other Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | Intraday:- ₹0/- | Carry forward:- ₹10/Lot | ₹50 per order |
| API Charges | N/A | Free API |
| Call & Trade Charges | ₹20/ Call (20th call/ Month) | Rs. 20 (+ GST) |
| Other Brokerage Charges | 0.05% | 0.04% per order |
| Minimum Brokerage | 0.05% | 0.04% per order |
Axis Direct Vs Progressive Share Brokers - STT/CTT
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% on the sell side |
| Equity Options | 0.05% on sell side (on Premium) | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on sell side | 0.0125% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
Axis Direct Vs Progressive Share Brokers - Demat transaction charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹5/Certificate or ₹50/Request, whichever is higher | ₹10 per request |
Axis Direct Vs Progressive Share Brokers - GST
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
Axis Direct Vs Progressive Share Brokers - SEBI Charges
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Axis Direct Vs Progressive Share Brokers - Features
| Axis Direct | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | 1. Axis Direct Portal 2. Direct Trade (Desktop Trading Application) 3. Swift Trade 3.0 (Web-based trading platform). 4. Axis Direct Mobile App 5. Axis Direct Wise Advisor | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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