IIFL Securities Vs AxisDirect NRI Account Comparison

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

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

Our IIFL Securities Limited comparison with Axis Securities highlights the major differences between two brokers. Find the best between IIFL Securities and AxisDirect NRI Account.

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IIFL Securities Vs AxisDirect

  IIFL Securities AxisDirect
 
IIFL Securities Limited Logo Axis Securities Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited 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
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs AxisDirect Charges

  IIFL Securities AxisDirect
NRI Account Opening Fees ₹750 ₹2500
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹400 per year ₹650
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs AxisDirect NRI Account Brokerage Comparison

Brokerage Plan

  IIFL Securities AxisDirect
Account Type NRI Account NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.05%
Equity Options Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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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IIFL Securities Vs AxisDirect NRI Account Taxes/Fees

  IIFL Securities AxisDirect
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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IIFL Securities Vs AxisDirect NRI Account Exposure Margin

  IIFL Securities AxisDirect
Equity Delivery
Equity Futures
Equity Options
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IIFL Securities and AxisDirect NRI Account Feature Comparison

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

  IIFL Securities AxisDirect
  111 Customer Reviews    Rate IIFL Securities 57 Customer Reviews    Rate AxisDirect
Fees 2.8 2.1
Brokerage 2.6 1.8
Trading Platform 3.3 2.7
Customer Service 2.7 2.3
Overall Rating Rated 2.7 stars Rated 2.2 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 111 customer reviews AxisDirect is Rated 2.2 / 5 based on 57 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities AxisDirect
Contact Broker
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IIFL Securities Vs AxisDirect NRI Investment Options

  IIFL Securities AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options
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IIFL Securities Vs AxisDirect NRI Customer Service

  IIFL Securities AxisDirect
Customer Care Number +91 22 4007 1000 +91 22 4257 0809
Customer Care Email cs@indiainfoline.com
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IIFL Securities Vs AxisDirect Order Type Offered for NRI Account

  IIFL Securities AxisDirect
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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IIFL Securities Vs AxisDirect - NRI Account Advantages and Disadvantages

  IIFL Securities AxisDirect
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  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.
Cons
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  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.
Conclusion

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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.

Promo / Offers
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IIFL Securities Vs AxisDirect - More Reviews

  IIFL Securities AxisDirect
NRI Trading Review IIFL Securities NRI Account Review AxisDirect NRI Account Review
Enquire IIFL Securities Enquire AxisDirect
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