Axis Direct
Axis Direct is the brokerage arm of one of the biggest banks, Axis bank. Axis Direct enjoys a lot of trust in the market because of its parent firm, Axis bank.
Product Basket
The segments in which you can invest through this broker
Equity
Options
Currency
Futures
Commodity
Trading Platforms
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.
Axis Direct Trade
Axis Direct Swift Trade
Axis Direct Mobile Trading App
Charges
Account Opening Charges – ₹499
Account Maintenance Charges – ₹790
Call and Trade – Free
Brokerage Charges
Equity Delivery – 0.50%
Equity Intraday – 0.05%
Equity Futures – 0.05%
Equity Options – ₹25
Currency Futures – 0.03%
Currency Options – ₹25
Commodity Futures – 0.03%
Commodity Options – ₹25
Margins
Equity Delivery – 4x
Equity Intraday – 4x
Equity Futures – 4x
Equity Options – 4x
Currency Futures – 4x
Currency Options – 4x
Commodity Futures – 4x
Commodity Options – 4x
Pros
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Axis Direct provides 3 in 1 facilities.
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3 Plans to choose with according to trading habits.
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Free and detailed research reports
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Axis Direct provides ‘Funtastic’ learning, through Free seminars, tutorials, webinars etc., to users.
Cons
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Brokerage and account opening charges are very high.
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Margin charges are high compare to peers.
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Axis Direct provide terminal platform on subscription basis.