Axis Direct Review (Demat account, charges)

Apr 8 14:33 2021 S. Vishwa Print This Article

Axis Direct is the brokerage arm of one of the biggest banks, Axis bank. Established in 2011 as a full-service broker, Axis Direct enjoys a lot of trust in the market because of its parent firm, Axis bank. Axis Direct has come a long way since and today has more than 75 branches in India.

Axis Securities Ltd was incorporated in the year 2005,Guest Posting which is part of Axis Bank. Axis Securities is a broker that provides full-service facilities by offering financial products for retail customers through Axis Direct which also provides stockbroking services. Additionally, Axis Direct is one of the leading stock brokers in India with more than 4.2 lakhs of active customers. Moreover, Axis Direct offers investment in financial products like:

  • NCD
  • ETF
  • Company Fixed Deposits
  • Equities
  • Mutual Funds
  • SIP
  • IPO
  • Bonds
  • Derivatives etc
Axis Direct Account Opening Charges

Services

Charges

Demat Account AMC 

Rs.650 per year 

(Note: The first year is free of charge)

Demat Account Opening Charges

Rs.0

3-in-1 Account Opening Charges

Rs.999

 

Axis Direct Brokerage Charges

Segment

Charges

Equity Options

Intraday: Rs.0.01 / lot

Carry Forward: Rs.10 / lot

Equity Intraday

0.05% (for each leg)

Equity Delivery

0.05% (for each leg)

Equity Futures

0.05% (for each leg)

Currency Options

Intraday: Rs.0.01 / lot

Carry Forward: Rs.10 / lot

Currency Futures 

0.05% (for each leg)

Commodity Futures

0.03% (for each leg)

Commodity Options

Rs.50 per lot

Hidden Fees

Axis Direct Minimum Brokerage

Rs.20 / trade

Brokerage Plan Modification Charge

Rs.500 / quarter

Call & Trade Service

Rs.20 / call 

Payment gateway charges

(This is for Non-Axis bank Customers)

Rs. 9 per transfer

 

Axis Direct Trading Taxes

Tax

Rates

STT

Equity Delivery 

0.1% on buy and sell-side

Equity Intraday 

0.025% on the sell-side only

Equity Futures

0.01% on the sell-side

Equity Options

0.05% on the sell-side (on Premium)

On Exercise Transaction

0.125%

Commodity Futures

0.05% on the sell side 

Commodity Options

0.05% on sell-side

Right to entitlement

0.05% on the sell-side

Currency F&O 

No STT

Other Taxes

GST

18% (SEBI fee+ Transaction Charge+ brokerage)

Stamp Duty

On the buy side- 

Delivery: 0.0015%

Currency F&O: 0.0001%

Equity Futures: 0.002%

Equity Options: 0.003%

Commodity Options: 0.003% (MXC)

Commodity Futures: 0.002%



SEBI Charges

0.00005% (Rs.5 per crore)

 

Axis Direct Demat Account

Axis Demat Account has the following key features that make it attractive:

  • Auto credit of the dividends
  • Easy to convert the physical holding you have into the electronic form
  • Easy online mode and offline mode transfers
  • Seamless transactions with the help of unique facility of 3-in-1 account
  • Simple online and offline access to the securities you hold

Axis Direct Demat account offers depository services to retail customers at reasonable rates. 

Axis Direct Demat account Opening Charges

Service 

Charges

Demat Account Annual Maintenance Charges (AMC)

Rs.650

Demat account opening fee

Rs.0

 

Axis Direct Trading Software and Platforms

 

  • Swift Trade

 

Swift Trade is a light-weight trading platform that functions as a trading terminal over a web browser. It is a Java Applet-based trading platform that works smoothly and is easy to use. 

Some salient features are:

  • Multiple market watch is possible
  • Shortcut keys are available for quick placement of orders
  • Research reports and recommendations
  • The dashboard and screen are customizable.

 

  • Mobile Trading

 

Axis Direct Mobile App enables the customers to trade in Derivatives and Equity Segments via Smart Phone. The mobile app is a great use for trading as you can take it anywhere anytime to trade. It is having enhanced mobility and easy to use interface. 

Some of the key features are:

  • Market orders can be placed even during non-market hours
  • Streaming quotes in real-time
  • Tracking of the portfolio is possible
  • Customers can create various watchlists
  • Intraday charts are available with minute tick

 

  • Direct Trade

 

Direct Trade is a desktop trading platform that allows advanced features like:

  • Auto-refreshing order/trade/position books
  • Updates of market rate at higher frequency
  • Advanced Charting
  • Live streaming quotes
  • Quick Access to reports and order placement
  • Fully customizable multiple markets

 

  • Axis Direct Lite

 

 Axis Direct Lite is a low bandwidth trading platform that is user friendly and allows customers to trade in Derivatives and Equities that works even on slower internet connection. 

Advantages of Axis Direct

There are many advantages of using an Axis Direct account here are some of them:

  • Axis Direct provides sessions, webinars, and online tutorials that provide basic knowledge to beginners. Also, articles are provided by experts that can help users to educate themselves in a better way.
  • Axis Direct provides a unique 3-in-1 Account. This 3-in-1 account includes Trading Account, Demat Account, and Bank Account. The trading is seamless due to this 3-in-1 account as investing becomes very easy. 
  • Axis Direct offers a wide variety of products under one single website.
  • Axis Direct provides research reports that are free of cost to its customers.

Disadvantages of Axis Direct

  • The one con of Axis Direct is the brokerage is high compared to stockbrokers like Zerodha.
Axis Direct Fixed Brokerage Plan Charges
  • Trading Equity Stock is charged 0.05% on Intraday
  • Opening account, maintenance of the account, and brokerage charges are relatively high. 
  • The above-mentioned reason gives a way for launching Flat Brokerage Charges
  • Trading cash derivate is charged 0.05% in future as brokerage
  • Flat Rs.20 is charged per trade on the trading of option.
  • The maintenance charge for trading is charged Rs.0
  • The maintenance Charge of the Demat account that is required to be paid every year is Rs.70
  • The first year is free of cost for the maintenance Charge of the Demat account.
Axis Direct Research 

As Axis Direct is a full-service broker it provides research and recommendations to its customers.  The levels of segregation in research are:

 

  • Research Ideas: In this level, the segments are based on technical analysis with recommendation type that includes:

 

  • SIP Ideas
  • Mutual Fund Ideas
  • Trading Ideas
  • Investment Ideas

 

  • Research Reports: Here the user gets a detailed research report that includes:
  • Mutual Funds Reports
  • Trading Reports
  • Investment Reports
  • Sector & Economy Reports

 

  1. DIY Research: Few tools are provided to the clients for them to do their own fundamental and technical analysis with the help of:
  • Technical Charting
  • Alert Engines
  • Screeners
 Conclusion

To sum it up, Axis Direct is a great choice if you are looking for a full-service broker. The detailed research and various advantages make it attractive. Also, the unique features can help you in better trading and less complicated investing journey.

 

Source: Free Guest Posting Articles from ArticlesFactory.com

About Article Author

S. Vishwa
S. Vishwa

I am SEO Professional, who loves writing finance topics.

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