5paisa

AxisDirect Review-Options Trading, Brokerage and Platform

Published on Tuesday, September 11, 2018

LOOKING FOR A SHARE BROKER?

We can help you find the right broker.

NamePhone
EmailCity
State
Are you a day trader?
AxisDirect Review-Options Trading, Brokerage and Platform

AxisDirect Review-Pros & Cons

Pros

Cons

Makes trading easy with a 3-in-1 account.

An access fee of ₹2999 for DirectTrade trading platform. The fee is waived off on some plans.

Reliable trading platforms with a web, desktop, and mobile app version.

Doesn’t offer commodity option tradings services.

Part of a trusted brand.

Higher brokerage in comparison to discount brokers.

Good customer education initiatives with courses, webinars and other types of knowledge resources.

Offers a range of investment products like equity, currency, derivatives, mutual funds, bonds, IPOs and ETFs.

Provides free research reports to its customers.

Free 20 ‘Call n Trade’ calls per month

AxisDirect Review 2018- About the company

Incorporated in 2005, AxisDirect is a full-service broker. AxisDirect is a brand under which Axis Securities offers retail broking and investment services. The company is a part of the Axis Group and a subsidiary of India’s 3rd largest private sector bank ‘Axis Bank’. Spread across the country, AxisDirect has more than 90 branches in India.

AxisDirect is a corporate member of NSE, BSE, and MSEI. It is a depository participant of CDSL.

In addition to stock broking, AxisDirect offers Futures and Options trading in equity and currency. The company also offers its customers other investment and saving products like Mutual Funds, IPO, ETFs, Bonds, and NCDs.

As a part of a banking group, AxisDirect offers a 3-in-1 account that includes a demat account, trading, and a bank account.

AxisDirect was awarded ‘Top Equity Broker of the Year’ for 2017 and 2018 at BSE Commodity Equity Outlook Award. The company has won many other awards and accolades for use of technology, marketing innovation, and customer services.

AxisDirect Trading Platforms

AxisDirect offers a range of platform choices to suit the varied trading needs of its customers. The trading platforms offered by AxisDirect are-

DirectTrade- It is a downloadable or installable trading platform that allows Options traders to trade at high speed and provides a terminal like experience. Some of the major features of the platform are-

  • Place buy/sell order for equity & currency Options at NSE and BSE.
  • Live streaming of stock quotes
  • Multiple reports in Order Book, Trade Book, and Net Positions etc.
  • Create multiple customized watchlists of stocks and contracts
  • Quick order placement using menu through watchlists
  • Shortcut keys for rapid trading
  • Facility to buy mutual funds from the platform

Web Portal- AxisDirect also allows its customers to trade in Options through its web portal. The portal can be accessed by any browser. Some of the key features of the platform are-

  • A responsive website that works on laptops, Tablets, and smartphones
  • Search bar with customized and easy filters to quickly find relevant data.
  • Live track major indices, currency rates, latest news etc.
  • Get a simplified view of key data and information
  • Smart button for rapid trading.

Swift Trade 3.0- It is a web-based trading platform. Major features of the platform are-

  • Live streaming of quotes
  • Track desired stocks and contracts by creating multiple, customized MarketWatch
  • A widget to view research ideas
  • Access to stock details and analysis charts
  • Access to various current and historical reports
  • Trade in mutual funds

Axisdirect Mobile App- The mobile trading application gives the traders the flexibility to trade from anywhere and stay updated on their investments anytime. Some of the key features of the AxisDirect mobile app are-

  • Stay updated in real-time with market ups and downs
  • Track your portfolio and holdings
  • Real-time streaming quotes of stocks and Option contracts
  • Create multiple customized MarketWatch lists
  • Access Intraday charts to analyze market movements
  • One-click Access to your holdings in Demat account
  • Place Off Market orders
  • Manage funds and total margin on your account

AxisDirect Options Brokerage Charges

Trading Account Opening Charges- ₹ 999 (one-time fee)

Trading Account Maintenance Charges (AMC)- 0

Demat Account Opening Charges- 0

Demat Account Maintenance Charges (AMC)- ₹ 650 (free for the first year)

Fixed Plan

Investment Plus Plan

Now or Never Plan

Account Opening Charges

₹999

Nil

Nil

Complimentary Delivery Turnover

NA

₹ 3,00,000

₹ 12,00,000

Validity

NA

6 months

10 Years

Option Brokerage (Intraday)

1 paisa/lot

Option Brokerage (Delivery)

₹ 10/lot

Other Charges

Equity Options

Currency Options

Transaction Charges

0.05% (₹ 5000 per crore)

0.05% (₹5000 per crore)

GST

18% on brokerage + transaction charges

18% on brokerage + transaction charges

SEBI Turnover Charges

0.00015% (₹ 15 per crore)

0.00015% (₹ 15 per crore)

Securities Transaction Tax (STT)

0.017% (₹ 1700 per crore)

NO STT

Stamp Duty

As per existing rates in the residential state of the investor.

Rate this article
0
0.0
Rating:Rated 0.0 stars

Vote Here ...

Save 60% to 90% on Brokerage Fee

We can help you save over 60% in brokerage.

NamePhone
EmailCity
State
Are you a day trader?

User Comments

No comments yet. Be first to comment!


Search Chittorgarh.com:

Translate Chittorgarh.com: