AxisDirect Vs iTradeOnline (Compare AxisDirect and iTradeOnline)

The side-by-side comparison of AxisDirect and iTradeOnline. Compare AxisDirect Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best AxisDirect vs 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 ₹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 f... 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
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Standard Brokerage Plan Pay Per Trade
Year of Incorporation 2006
Number of Branches 56
Broker Enquiry Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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AxisDirect Vs iTradeOnline Charges & AMC

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

  AxisDirect iTradeOnline
Trading Account Opening Charges ₹900 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹650 Regular Demat: ₹300, Lifetime free AMC Demat: ₹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 ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

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

AxisDirect Charges Vs iTradeOnline

Minimum Brokerage Charges ₹20 per trade ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹20 per call ₹0 (Free)
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AxisDirect Vs iTradeOnline Transaction Charges

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

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

AxisDirect provides the margin of Upto 10x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  AxisDirect iTradeOnline
Equity Delivery 100% (1x) Upto 5x (based on the stock)
Equity Intraday Upto 10x Upto 20x (based on the stock)
Equity Futures 100% (1x) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 100% (1x) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures 100% (1x) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 100% (1x) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures 3x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options 100% (1x) Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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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 Available 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 2.2 of 5 based on 57 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  AxisDirect iTradeOnline
  57 Customer Reviews    Rate AxisDirect 7 Customer Reviews    Rate iTradeOnline
Fees 2.1 3.9
Trading Brokerage 1.8 4.1
Trading Platform Usability 2.7 3.9
Customer Service 2.3 3.7
Research Capabilities 3.7 1.0
Overall Ratings Rated 2.2 stars Rated 4.0 stars
Broker Rating AxisDirect is rated 2.2 of 5 based on 57 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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AxisDirect Vs iTradeOnline Investment Options

  AxisDirect iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹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.
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Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹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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