INDmoney Vs Axis Direct
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
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.
INDmoney Vs Axis Direct - Broker Details
| INDmoney | Axis Direct | |
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| Single Margin Facility |
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| Year of Incorporation | 2019 | 2011 |
| Exchanges | NSE, BSE and MCX | BSE, NSE, MCX and NCDEX |
| Branches | 966 | 2500+ |
| Brokerage | 0.05% or up to ₹20/Per Order | 0.05% |
| Broker Type | Discount Broker | Full Service Broker |
INDmoney Vs Axis Direct - Account Opening & AMC Charges
| INDmoney | Axis Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹900/- |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹750/- |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
INDmoney Vs Axis Direct - Brokerage charges & Plans
| INDmoney | Axis Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.05% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹10/ Order |
| Commodity Options | N/A | ₹50/ Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹10/ Order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | N/A |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.05% |
INDmoney Vs Axis Direct - Other Charges
| INDmoney | Axis Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | Intraday:- ₹0/- | Carry forward:- ₹10/Lot |
| API Charges | N/A | N/A |
| Call & Trade Charges | ₹50 per position | ₹20/ Call (20th call/ Month) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.05% |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.05% |
INDmoney Vs Axis Direct - Transaction Charges
| INDmoney | Axis Direct | |
|---|---|---|
| Currency Options | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value | ₹5000/Cr (0.05%) (on premium) |
| Equity Futures | NSE: 0.00195% on total turnover value | NSE ₹190/Cr (0.0019%) | BSE ₹300/ Cr (0.003%) (each side) |
| Equity Intraday | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) |
| Equity Options | NSE: 0.053% on premium value | NSE ₹5000/Cr (0.05%) | BSE ₹300/Cr (0.003%) (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 | N/A |
| Currency Futures | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value | ₹190/Cr (0.0019%) |
| Equity Delivery | NSE - 0.00325% | BSE- 0.00375% | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) |
INDmoney Vs Axis Direct - Margin (Exposure)
| INDmoney | Axis Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML 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 NRML margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
INDmoney Vs Axis Direct - Features
| INDmoney | Axis Direct | |
|---|---|---|
| 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:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 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 |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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INDmoney Vs Axis Direct - Review & Rating
| INDmoney | Axis Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
INDmoney Vs Axis Direct - Request a call back from Broker
| INDmoney | Axis Direct | |
|---|---|---|
INDmoney Vs Axis Direct - Investment Options
| INDmoney | Axis Direct | |
|---|---|---|
| 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 Axis Direct - Order Type
| INDmoney | Axis Direct | |
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| 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 Axis Direct - Research & Report
| INDmoney | Axis Direct | |
|---|---|---|
| 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 Axis Direct - Daily Market Report
| INDmoney | Axis Direct | |
|---|---|---|
| Daily Market Reports & News |
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INDmoney Vs Axis Direct - Suitable For Investor
| INDmoney | Axis Direct | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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INDmoney Vs Axis Direct - Pros & Cons
| INDmoney | Axis Direct | |
|---|---|---|
| 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.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. |
| 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.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. |
INDmoney Vs Axis Direct - Background
| INDmoney | Axis Direct | |
|---|---|---|
INDmoney Vs Axis Direct - Compare All Brokers
| INDmoney | Axis Direct | |
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INDmoney Vs Axis Direct - STT/CTT
| INDmoney | Axis Direct | |
|---|---|---|
| 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 (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & 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 Axis Direct - Demat transaction charges
| INDmoney | Axis Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹5/Certificate or ₹50/Request, whichever is higher |
INDmoney Vs Axis Direct - GST
| INDmoney | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
INDmoney Vs Axis Direct - SEBI Charges
| INDmoney | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Axis Direct - Account Opening & AMC Charges
INDmoney
Axis Direct
Trading Account Opening Charge
₹0 (Free)
₹900/-
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹750/-
Trading Account AMC
₹0 (Free)
₹0 (Free)
INDmoney Vs Axis Direct
| INDmoney | Axis Direct | |
|---|---|---|
INDmoney Account Opening Process, Charges, and Documentation Details |
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 .. |
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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.
INDmoney Vs Axis Direct - Brokerage charges & Plans
| INDmoney | Axis Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | 0.05% or up to ₹20/Per Order | 0.05% |
| Equity Delivery | 0.05% or up to ₹20/Per Order | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% |
| Equity Options | 0.05% or up to ₹20/Per Order | ₹10/ Order |
| Commodity Options | N/A | ₹50/ Lot |
| Equity Futures | 0.05% or up to ₹20/Per Order | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% |
| Currency Options | 0.05% or up to ₹20/Per Order | ₹10/ Order |
| Fixed Charges | 0.05% or up to ₹20/Per Order | N/A |
| Equity Intraday | 0.05% or up to ₹20/Per Order | 0.05% |
INDmoney Vs Axis Direct - Margin (Exposure)
| INDmoney | Axis Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML 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 NRML margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
INDmoney Vs Axis Direct - Other Charges
| INDmoney | Axis Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50 per position | Intraday:- ₹0/- | Carry forward:- ₹10/Lot |
| API Charges | N/A | N/A |
| Call & Trade Charges | ₹50 per position | ₹20/ Call (20th call/ Month) |
| Other Brokerage Charges | 0.05% or up to ₹20/Per Order | 0.05% |
| Minimum Brokerage | 0.05% or up to ₹20/Per Order | 0.05% |
INDmoney Vs Axis Direct - STT/CTT
| INDmoney | Axis Direct | |
|---|---|---|
| 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 (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & 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 Axis Direct - Demat transaction charges
| INDmoney | Axis Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹250/ per certificate | ₹5/Certificate or ₹50/Request, whichever is higher |
INDmoney Vs Axis Direct - GST
| INDmoney | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
INDmoney Vs Axis Direct - SEBI Charges
| INDmoney | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
INDmoney Vs Axis Direct - Features
| INDmoney | Axis Direct | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| 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:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM |
| Trading Platform | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App | 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 |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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