AxisDirect Vs RMoney (Compare AxisDirect and RMoney)

AxisDirect Vs RMoney

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

	AxisDirect	RMoney
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Account Type	Standard Brokerage Plan	Zero Brokerage Plans
Year of Incorporation	2006
Number of Branches	56
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AxisDirect Vs RMoney Charges & AMC

AxisDirect trading account opening charges is ₹900 while RMoney account opening changes is ₹199. AxisDirect Demat Account AMC Charges is ₹650 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

	AxisDirect	RMoney
Trading Account Opening Charges	₹900	₹199
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹650	₹0 for lifetime (Free)

AxisDirect Vs RMoney Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

	AxisDirect	RMoney
Account Type	Standard Brokerage Plan	Zero Brokerage Plans
Fixed Charges	NA
Equity Delivery Brokerage	0.50%	₹0 (Free)
Equity Intraday Brokerage	0.05%	₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.05%	₹18 per executed order or .01% whichever is lower
Equity Options Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot	₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	0.05%	₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l	₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage	₹50 per lot
Special Offer		Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

AxisDirect Vs RMoney Brokerage Plan 2

	AxisDirect	RMoney
Account Type	Standard Brokerage Plan	Happy Service Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	0.50%	0.10% to 0.40%
Equity Intraday Brokerage	0.05%	0.01% to 0.04%
Equity Futures Brokerage	0.05%	0.005% to 0.02%
Equity Options Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot	₹20 to ₹80 per lot
Currency Futures Trading Brokerage	0.05%	0.005% to 0.02%
Currency Options Trading Brokerage	Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l	0.005% to 0.02%
Commodity Futures Trading Brokerage	0.03%	0.005% to 0.02%
Commodity Options Trading Brokerage	₹50 per lot
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AxisDirect Charges Vs RMoney

Minimum Brokerage Charges	₹20 per trade	₹0
Other Brokerage Charges		Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges	₹20 per call	₹0 (Unlimited Calls)

AxisDirect Vs RMoney Transaction Charges

AxisDirect transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

	AxisDirect	RMoney
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures	NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)	NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options	NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)	NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures	₹190 per Cr (0.0019%)	NSE, BSE - ₹150 per crore (0.0015%)
Currency Options	₹5000 per Cr (0.05%) (on premium)	NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity		MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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AxisDirect Vs RMoney Leverage (Margin)

AxisDirect provides the margin of Upto 10x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

	AxisDirect	RMoney
Equity Delivery	100% (1x)	Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday	Upto 10x	20x (5%) (Intraday Only)
Equity Futures	100% (1x)	Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options	100% (1x)	Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures	100% (1x)	Intraday - 100X (1%)
Currency Options	100% (1x)	Intraday - 100X (1%)
Commodity Futures	3x	Intraday - 77X (1.3%)
Commodity Options	100% (1x)
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Compare AxisDirect and RMoney Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	AxisDirect	RMoney
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	DirectTrade, Axisdirect Web, Axisdirect Mobile	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time	3:15	Equity 3:15 PM
Other Features
Referral Program
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AxisDirect Vs RMoney Review

AxisDirect is rated 2.1 of 5 based on 64 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

	AxisDirect	RMoney
	64 Customer Reviews	4 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	AxisDirect is rated 2.1 of 5 based on 64 customer reviews	RMoney is rated 3.8 of 5 based on 4 customer reviews

AxisDirect Vs RMoney Investment Options

	AxisDirect	RMoney
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, ETF, Corporate FD	Corporate FD, Life Instance, General Insurance

AxisDirect Vs RMoney Order Type Offered

	AxisDirect	RMoney
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 RMoney Research Report

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

AxisDirect Vs RMoney Suitable For Investor Type

	AxisDirect	RMoney
Casual Investor
Active Investor
Trader

AxisDirect Vs RMoney - Pros and Cons

	AxisDirect	RMoney
Pros	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
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	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers		Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.
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