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AxisDirect Vs Finvasia NRI Account Comparison

The side-by-side comparison of AxisDirect and Finvasia NRI Account. Compare AxisDirect Vs Finvasia NRI Account brokerage charges, exposure margin, demat account and AMC. Read Finvasia and AxisDirect NRI Account reviews.

Find out AxisDirect Vs Finvasia which is better NRI Trading Account. See AxisDirect Vs Finvasia which is best NRI Demat Account.

Our Axis Securities comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between AxisDirect and Finvasia NRI Account.

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AxisDirect Vs Finvasia

  AxisDirect Finvasia
 
  Axis Securities Logo Finvasia Securities Pvt Ltd Logo
About the Broker Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Account NRI Account
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AxisDirect Vs Finvasia Charges

  AxisDirect Finvasia
NRI Account Opening Fees ₹2500 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 650 Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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AxisDirect Vs Finvasia NRI Account Brokerage Comparison

Account Type AxisDirect NRI Account Finvasia NRI Account
Equity Delivery 0.75% ₹0
Equity Futures 0.05% ₹0
Equity Options Intraday: 1p per lot, Carry Forward: ₹10 per lot ₹0
Enquire AxisDirectEnquire Finvasia

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50 ₹0
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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AxisDirect Vs Finvasia NRI Account Taxes/Fees

  AxisDirect Finvasia
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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AxisDirect Vs Finvasia NRI Account Margin

  AxisDirect Margin Finvasia Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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AxisDirect and Finvasia NRI Account Features

  AxisDirect Finvasia
3-in-1 Account Yes No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features
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AxisDirect Vs Finvasia NRI Account Review

  AxisDirect Review Finvasia Review
  82 Customer Reviews    Rate AxisDirect 49 Customer Reviews    Rate Finvasia
Fees 2.0 4.8
Brokerage 1.8 4.9
Trading Platform 2.6 3.6
Customer Service 2.1 4.3
Overall Rating Rated 2.0 stars Rated 4.5 stars
Broker Rating AxisDirect is Rated 2.0 / 5 based on 82 customer reviews Finvasia is Rated 4.5 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire Finvasia Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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AxisDirect Vs Finvasia NRI Investment Options

  AxisDirect Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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AxisDirect Vs Finvasia NRI Customer Service

  AxisDirect Finvasia
Customer Care Number +91 22 4257 0809 +91 172 667 0000
Customer Care Email contactus@finvasia.com
Enquire AxisDirectEnquire Finvasia

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AxisDirect Vs Finvasia Order Type Offered for NRI Account

  AxisDirect Finvasia
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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AxisDirect Vs Finvasia - NRI Account Advantages and Disadvantages

  AxisDirect Finvasia
Pros
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
Conclusion

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers
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