AxisDirect Vs Finvasia (Compare AxisDirect and Finvasia)

AxisDirect Vs Finvasia

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

	AxisDirect	Finvasia
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2006	2013
Number of Branches	56	1
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AxisDirect Vs Finvasia Charges & AMC

AxisDirect trading account opening charges is Rs 900 while Finvasia account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

	AxisDirect	Finvasia
Trading Account Opening Charges	Rs 900	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 650	Rs 0 per year (Lifetime Zero AMC)

AxisDirect Vs Finvasia Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

	AxisDirect	Finvasia
Account Type	Standard Brokerage Plan	Standard
Fixed Charges	NA	NA
Equity Delivery	0.50%	Rs 0
Equity Intraday	0.05%	Rs 0
Equity Futures	0.05%	Rs 0
Equity Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Rs 0
Currency Futures	0.05%	Rs 0
Currency Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	Rs 0
Commodity Futures	0.03%	Rs 0
Commodity Options	Rs 50 per lot	Rs 0
Special Offer

AxisDirect Charges Vs Finvasia

Minimum Brokerage	Rs 20 per trade	Rs 0
Other Charges		Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges	Rs 20 per call	Rs 0

AxisDirect Vs Finvasia Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

	AxisDirect	Finvasia
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)	Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 190 per Cr (0.0019%)	Rs 115 per Cr (0.00115%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 4000 per Cr (0.04%) (on premium)
Commodity		Rs 260 per Cr (0.0026%)
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AxisDirect Vs Finvasia Leverage (Margin)

AxisDirect margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Finvasia margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	AxisDirect	Finvasia
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare AxisDirect and Finvasia Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

	AxisDirect	Finvasia
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	DirectTrade, Axisdirect Web, Axisdirect Mobile	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time	3:15	3:15 PM
Other Features		Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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AxisDirect Vs Finvasia Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

	AxisDirect	Finvasia
	71 Customer Reviews	40 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	AxisDirect is rated 2.1 of 5 based on 71 customer reviews	Finvasia is rated 4.6 of 5 based on 40 customer reviews

AxisDirect Vs Finvasia Investment Options

	AxisDirect	Finvasia
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, ETF, Corporate FD

AxisDirect Vs Finvasia Order Type Offered

	AxisDirect	Finvasia
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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AxisDirect Vs Finvasia Research Report

	AxisDirect	Finvasia
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

AxisDirect Vs Finvasia Suitable For Investor Type

	AxisDirect	Finvasia
Casual Investor
Active Investor
Trader

AxisDirect Vs Finvasia - Pros and Cons

	AxisDirect	Finvasia
Pros	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts	Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform. Doesn't charge any trade clearing charges. A variety of trading platforms are available for the trader to choose from. Provides trading API and support Algo trading tools. Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients. Call & trade is available for free to all the customers. GTC orders are available in MCX.
Cons	Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained. Charges Rs 250 per month fee if you are not an axis bank customer. Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers Higher commodity and currency trading brokerage. Call & Trade is charged Rs 20 extra per trade	Scalpter, the web-based trading platform has only 1 min charting frame. Bracket orders are chargeable. NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees. GTC orders are not available at NSE and BSE. Finvasia is an online stock broker. It doesn't have branch offices. Doesn't offer a 3-in-1 account. Doesn't offer margin funding. Leverage offered is on the lower side in comparison with other discount brokers.
Reviews
Promo / Offers
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