AxisDirect Vs Indira Securities (Compare AxisDirect and Indira Securities)


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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AxisDirect Vs Indira Securities

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  AxisDirect Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 2006 1987
Number of Branches 56 335
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AxisDirect Vs Indira Securities Charges & AMC

AxisDirect trading account opening charges is Rs 900 while Indira Securities account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  AxisDirect Indira Securities
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 450 (Free for 1st year)
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AxisDirect Vs Indira Securities Brokerage Charges & Plans

AxisDirect Vs Indira Securities Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  AxisDirect Indira Securities
Account Type Standard Brokerage Plan Traditional Plan
Fixed Charges NA NA
Equity Delivery 0.50% 0.10%
Equity Intraday 0.05% 0.01%
Equity Futures 0.05% 0.01%
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 25 per lot (both side)
Currency Futures 0.05% 0.01%
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 25 per lot (both side)
Commodity Futures 0.03% 0.01%
Commodity Options Rs 50 per lot Rs 25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

AxisDirect Vs Indira Securities Brokerage Plan 2

  AxisDirect Indira Securities
Account Type Standard Brokerage Plan Discount Brokerage Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 20 per executed order
Equity Intraday 0.05% Rs 20 per executed order
Equity Futures 0.05% Rs 20 per executed order
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 20 per executed order
Currency Futures 0.05% Rs 20 per executed order
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order
Commodity Options Rs 50 per lot Rs 20 per executed order
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AxisDirect Charges Vs Indira Securities

Minimum Brokerage Rs 20 per trade Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 20 per call Rs 0 (Free)
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AxisDirect Vs Indira Securities 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 Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  AxisDirect Indira Securities
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%)
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%)
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%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 190 per Cr (0.0019%) NSE Rs 120 per Cr (0.0012%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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AxisDirect Vs Indira Securities 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 Indira Securities 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 Indira Securities
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 Indira Securities Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Indira Securities offers ODIN trading software.

  AxisDirect Indira Securities
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform DirectTrade, Axisdirect Web, Axisdirect Mobile ODIN
Intraday Square-off Time 3:15 3:15 PM
Other Features
Referral Program Yes Yes
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AxisDirect Vs Indira Securities Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  AxisDirect Indira Securities
  71 Customer Reviews    Rate AxisDirect 3 Customer Reviews    Rate Indira Securities
Fees 2.0 2.3
Brokerage 1.7 4.3
Trading Platform 2.6 4.0
Customer Service 2.2 4.0
Research Capabilities 2.9 4.3
Overall Ratings Rated 2.1 stars Rated 4.0 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 71 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire Indira Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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AxisDirect Vs Indira Securities Investment Options

  AxisDirect Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, ETF, Corporate FD
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AxisDirect Vs Indira Securities Order Type Offered

  AxisDirect Indira Securities
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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AxisDirect Vs Indira Securities Research Report

  AxisDirect Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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AxisDirect Vs Indira Securities Suitable For Investor Type

  AxisDirect Indira Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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AxisDirect Vs Indira Securities - Pros and Cons

  AxisDirect Indira Securities
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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