AxisDirect Vs RMoney (Compare AxisDirect and RMoney)
The side-by-side comparison of AxisDirect and RMoney. Compare AxisDirect Vs RMoney brokerage, charges, exposure margin, demat account. Read RMoney and AxisDirect review.
Find out AxisDirect Vs RMoney which is better and AxisDirect Vs RMoney which is best.
Our Axis Securities comparison with Raghunandan Capital Pvt Ltd highlights the major differences between two brokers. Find the best between AxisDirect and RMoney.
AxisDirect Vs RMoney
AxisDirect
RMoney
Find more info about broker
About the Broker
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 AxisDir...
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX
BSE, NSE, MCX, NCDEX
Account Type
Trade@20 (SA75000)
Zero Brokerage Plans
Broker Enquiry
Year of Incorporation
2006
Number of Branches
56
Enquire AxisDirect
Enquire RMoney
AxisDirect Vs RMoney Charges
AxisDirect
RMoney
Trading Account Opening Fees
₹900
₹0 (Free)
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹0
₹0 (Free)
Demat Account AMC
₹650
₹0 for lifetime (Free)
Demat Account is Mandatory?
No
No
AxisDirect Vs RMoney Brokerage
Brokerage Plan 1
AxisDirect
RMoney
Account Type
Trade@20 (SA75000)
Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage
₹20 per executed order
₹0 (Free)
Equity Intraday Brokerage
₹20 per executed order
₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage
₹20 per executed order
₹18 per executed order or .01% whichever is lower
Equity Options Brokerage
₹20 per executed order
₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
NA
₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
NA
₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage
NA
₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
NA
Brokerage Plan 2
AxisDirect
RMoney
Account Type
Fixed Brokerage Plan
Happy Service Plan
Fixed Charges
NA
Equity Delivery Brokerage
0.50% (Each Leg)
0.10% to 0.40%
Equity Intraday Brokerage
0.05% (Each Leg)
0.01% to 0.04%
Equity Futures Brokerage
0.05% (Each Leg)
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% (Each Leg)
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% (Each Leg)
0.005% to 0.02%
Commodity Options Trading Brokerage
₹50 per lot
Other Charges
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 Taxes
AxisDirect
RMoney
Securities Transaction Tax (STT)
Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
AxisDirect Vs RMoney Transaction Charges
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%)
AxisDirect Vs RMoney Exposure Margin
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)
AxisDirect and RMoney Feature Comparison
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
AxisDirect Vs RMoney Review
AxisDirect
RMoney
50 Customer Reviews
3 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
AxisDirect is Rated 2.2 / 5 based on 50 customer reviews RMoney is Rated 4.0 / 5 based on 3 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 Customer Service
AxisDirect
RMoney
24/7 Customer Service
Onine Live Chat
Through Branches
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)
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 - Advantages and Disadvantages
AxisDirect
RMoney
Pros
Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
Offers 3-in-1 investment account
Free research reports
Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
More Advantages...
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.
More Advantages...
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
More Disadvantages...
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.
More Disadvantages...
Reviews
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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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