Saturday, November 26, 2022

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

  • Axis Direct provides 3 in 1 facilities.
  • Plans to choose with according to trading habits.
  • Free and detailed research reports
  • Axis Direct provides ‘Funtastic’ learning, through Free seminars, tutorials, webinars etc., to users.

Cons

  • Brokerage and account opening charges are very high.
  • Margin charges are high compare to peers.
  • Axis Direct provide terminal platform on subscription basis.

Additional Features

Extra features provided by the broker at little or no extra cost.

 3 in 1 Account

 Free Trading Call

Fee Research Report

SMS Alerts

 Margin Funding

Margin Against Share

More Investment Options

Services provided by the broker for investing in other financial assets.

 Mutual Funds

 IPO

 Bond and Debt Assets

ETFs

Insurance