AxisDirect Vs iTradeOnline (Compare AxisDirect and iTradeOnline)


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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AxisDirect Vs iTradeOnline

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

  AxisDirect iTradeOnline
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2006
Number of Branches 56
Open an Online Trading Account with AxisDirect.Open an Online Trading Account with iTradeOnline.
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AxisDirect Vs iTradeOnline Charges & AMC

AxisDirect trading account opening charges is Rs 900 while iTradeOnline account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  AxisDirect iTradeOnline
Trading Account Opening Charges Rs 900 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 650 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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AxisDirect Vs iTradeOnline Brokerage Charges & Plans

AxisDirect Vs iTradeOnline Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  AxisDirect iTradeOnline
Account Type Standard Brokerage Plan Pay Per Trade
Fixed Charges NA Rs 0
Equity Delivery 0.50% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 20 per executed order or .01% whichever is lower
Commodity Futures 0.03% Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

AxisDirect Charges Vs iTradeOnline

Minimum Brokerage Rs 20 per trade Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 20 per call Rs 0 (Free)
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AxisDirect Vs iTradeOnline 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 iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  AxisDirect iTradeOnline
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 190 per Cr (0.0019%) NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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AxisDirect Vs iTradeOnline 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 iTradeOnline 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 iTradeOnline
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 iTradeOnline Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  AxisDirect iTradeOnline
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform DirectTrade, Axisdirect Web, Axisdirect Mobile Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:15 Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program Yes
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AxisDirect Vs iTradeOnline Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  AxisDirect iTradeOnline
  71 Customer Reviews    Rate AxisDirect 7 Customer Reviews    Rate iTradeOnline
Fees 2.0 3.9
Brokerage 1.7 4.1
Trading Platform 2.6 3.9
Customer Service 2.2 3.7
Research Capabilities 2.9 1.0
Overall Ratings Rated 2.1 stars Rated 4.0 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 71 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire iTradeOnline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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AxisDirect Vs iTradeOnline Investment Options

  AxisDirect iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Loans, ETF, Corporate FD Insurance, Wealth Management
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AxisDirect Vs iTradeOnline Order Type Offered

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

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

  AxisDirect iTradeOnline
Casual Investor Yes
Active Investor Yes
Trader Yes
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AxisDirect Vs iTradeOnline - Pros and Cons

  AxisDirect iTradeOnline
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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