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AxisDirect Vs RMoney (Compare AxisDirect and RMoney)

Axis Securities Logo

About 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

Raghunandan Capital Pvt Ltd Logo

About RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is an Gift City, Gandhinagar, Gujarat-based financial service provider. The company offers a range of financial products and services. These include Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds, and Corporate FDRs. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily and 4% of MCX turnover. It has ... Know more about Raghunandan Capital Pvt Ltd

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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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 2006
Number of Branches 56

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AxisDirect Vs RMoney Charges & AMC

AxisDirect trading account opening charges is Rs 900 while RMoney account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and RMoney Demat Account AMC Charges is Rs 299 (Free for first year).

  AxisDirect RMoney
Trading Account Opening Charges Rs 900 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 299 (Free for first year)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 650 Rs 299 (Free for first year)

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AxisDirect Vs RMoney Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas RMoney brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

Account Type AxisDirect Standard Brokerage Plan RMoney Rs 9 Per Trade Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 9 per executed order
Equity Intraday 0.05% Rs 9 per executed order
Equity Futures 0.05% Rs 9 per executed order
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 9 per executed order
Currency Futures 0.05% Rs 9 per executed order
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 9 per executed order
Commodity Futures 0.03% Rs 9 per executed order
Commodity Options Rs 50 per lot Rs 9 per executed order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

AxisDirect Vs RMoney Brokerage Plan 2

  AxisDirect RMoney
Account Type Standard Brokerage Plan Rs 999 Per Month Trade Plan
Fixed Charges NA Rs 999
Equity Delivery 0.50% Rs 0
Equity Intraday 0.05% Rs 0
Equity Futures 0.05% Rs 0
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 0
Currency Futures 0.05% Rs 0
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 0
Commodity Futures 0.03% Rs 0
Commodity Options Rs 50 per lot Rs 0

AxisDirect Charges Vs RMoney

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

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AxisDirect Vs RMoney Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  AxisDirect RMoney
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)

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AxisDirect Vs RMoney Leverage (Margin)

AxisDirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the RMoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  AxisDirect RMoney
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)

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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 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 No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features

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AxisDirect Vs RMoney Review

AxisDirect is rated 2.0 of 5 based on 88 customer reviews whereas RMoney is rated 3.2 of 5 based on 5 customer reviews.

  AxisDirect RMoney
  88 Customer Reviews    Rate AxisDirect 5 Customer Reviews    Rate RMoney
Fees 2.0 4.4
Brokerage 1.8 4.2
Trading Platform 2.5 3.4
Customer Service 2.1 3.8
Research Capabilities 2.7 2.0
Overall Ratings Rated 2.0 stars Rated 3.2 stars
Broker Rating AxisDirect is rated 2.0 of 5 based on 88 customer reviews RMoney is rated 3.2 of 5 based on 5 customer reviews

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Contact Broker / Request A Call Back

  AxisDirect Enquire RMoney Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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AxisDirect Vs RMoney Investment Options

  AxisDirect RMoney
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 Corporate FD, Life Instance, General Insurance

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AxisDirect Vs RMoney Order Type Offered

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

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AxisDirect Vs RMoney Research Report

  AxisDirect RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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AxisDirect Vs RMoney Suitable For Investor Type

  AxisDirect RMoney
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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AxisDirect Vs RMoney - Pros and Cons

  AxisDirect RMoney
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
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. 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.
  2. Margin funding is not available.
  3. GTC/GTD not available in Equity.
  4. NRI Account is not available.
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Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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