Axis Direct Review and Brokerage Information

Last updated on January 2nd, 2017

Axis Direct Review

Axis Direct (Axis Securities)  is subsidiary of Axis Bank Limited (Erstwhile UTI Bank). Axis Direct was incorporated in year 2005 and been involved in the offering and distribution of various financial  products to retail customers in India. As in January 2016, AxisDirect has over 1.5Lakh Active customers and is one of the Top 10 Brokerage firm of the country.

Following are the current services offered by AxisDirect:

  • Investment in Equities, Mutual Funds, SIPs, IPOs, Derivatives, Bonds, NCDs, ETFs and Company Fixed Deposits
  • Home Loans, Auto Loans, Personal Loans, Loan against Property
  • Loans for SME, Credit and Prepaid Cards

 AxisDirect Brokerage Charges and Plans

Axis Direct Review

Axis Direct Offers two types of Brokerage plans namely, Fixed and variable Plan.

Fixed Brokerage Plan:

In Fixed Brokerage plan, a constant percentage of brokerage is charged irrespective of the volume of trade. Usually these kind of plans are best suited for the traders who carry out limited number of trades per month.

The AxisDirect Fixed Brokerage Charges are as below

BrokerageSecurities Transaction Tax (STT)Stamp DutyTurn Over Charges
Equity Segment
Cash0.50%0.1%0.01%0.00325%
Intraday/Cover Buy0.05%NIL0.002%0.00325%
Intraday/Cover Sell0.05%0.025%0.002%0.00325%
Encash1.00%0.1%0.01%0.00325%
Futures (Currency, Index and Stock)
Buy0.05%Nil0.002%0.0019%
Sell0.05%0.017%0.002%0.0019%
Intraday0.05%0.017%0.002%0.0019%
Expiry0.05%Nil0.002%NIL
Options (Currency, Index and Stock)
BuyRs 100Nil0.002% 0.05%
SellRs 1000.017%0.002% 0.05%
Intraday (on each legRs 1000.017%0.002% 0.05%

Variable Brokerage Plan:

Variable Brokerage plan is suitable for the traders who carry out frequent trades per month. Higher the volume of trade, lesser will be your brokerage expenses. The brokerage will be charged at highest slab on daily basis, but at the end of the month the total turnover is calculated and brokerage will be refunded back as per the slab you fall.

Axis Direct Variable Brokerage Plans for various segments are shown in following tables

Delivery:

Monthly Volume (in Rupees) Brokerage Rate (Delivery)
Rs 0 to 3 lakh 0.60%
Rs 3 to 10 lakh0.55%
Rs 10 to 25 lakh 0.45%
Rs 25 to 75 lakh 0.35%
Rs 75 lakh to 2 crore0.25%
Above 2 crore 0.20%

Intraday and Futures

Monthly Volume (in Rupees) Brokerage Rate (Intraday & Futures)
Rs 0 to 5 crore0.05%
Rs 5 to 10 crore 0.04%
Rs 10 to 20 crore 0.035%
Above Rs 20 crore 0.03%

Options:

Monthly Volume (in Rupees) Brokerage Rate (Options)
Rs 0 to 1.5 crore Rs 95
Rs 1.5 to 4.5 crore Rs 85
Rs 4.5 to 9 croreRs 75
Rs 9 to 18 croreRs 75
Above 18 croreRs 65

  Axis Direct Trading Platforms

axis-direct-trading-platform

    Image Source : www.axisdirect.in

  • AxisDirect  Desktop Trading Platform (DIRECTTrade)

         It is a executable Desktop Platform which needs to be installed in the system. It is called DIRECTTrade. It is best suited for the investors and traders who want live market watch and faster execution. 

 

      Some of the Key feature of this desktop based platforms are

  • Real time monitoring, live streaming quotes with Auto Refreshing
  • Multiple Market Watch
  • Single Platform for Fund Transfer and Advanced Charting

Software Charges for DIRECTTrade: Yearly: Rs 2999 and Half-Yearly : Rs 1599 

  • AxisDirect Web Based Trading Platform

    It is called Swift Trade. Through the web based platform, traders can access their accounts from any system connected to the internet. No need to install any software. It comes with lot of features like real time quotes, multiple watch-lists, quick access to research reports, faster order executions and access to live intraday trading calls etc.

Software Charges : Rs 299 quarterly

  •    AxisDirect Mobile Trading Platform

    Trade on the go through AxisDirect mobile App which works on both mobile and tablets. Real time streaming quotes, multiple watch-list, intra-day chart are main feature of AxisDirect Mobile App.

We have written detailed article on Best Trading platforms, you can read in the below article.

Read :  Top 10 Share Trading Platforms in India

AxisDirect in comparison with other Stock Brokers:

Check out how Angel Broking equates with other brokers

Axis Direct Comparision Matrix
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For comparison of AxisDirect with more brokers, Visit our Side By Side Comparison of Stock Brokers page


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  AxisDirect Registration and Contact Information

AxisDirect SEBI Registration:
NSE(Cash): INB 231481632; NSE(F&O): INF 231481632; NSE(CD): INE 231481632 ;
BSE(Cash): INB 011481638; BSE(F&O): INF 011481638; 
MCX(Cash): INB 261481635; MCX(F&O): INF INF 261481635; NSE(CD): INE 261481635 
AxisDirect Contact Information:
Main Office Address: Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction,
Kurla (West), Mumbai- 400 070
Contact Number : 1800-210-0808/022-61480808
AxisDirect E-Mail : [email protected] 
AxisDirect Complaints or Grievances :   [email protected] 

Also Read:  Best Ten Online Discount Stock Brokers in India

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Filed Under : Indian Share Brokers Reviews

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