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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.

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AxisDirect Vs RMoney

  Axis Securities Raghunandan Capital Pvt Ltd
 
Axis Securities Logo Raghunandan Capital Pvt Ltd Logo
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... Know more about Axis Securities 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... Know more about Raghunandan Capital Pvt Ltd
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 Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
Year of Incorporation 2006
Number of Branches 56
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AxisDirect Vs RMoney Charges

  Axis Securities Raghunandan Capital Pvt Ltd
Trading Account Opening Fees ₹900 (3 in 1 account) ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹650 (free for 1st year) ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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AxisDirect Vs RMoney Brokerage

Brokerage Plan 1

  Axis Securities Raghunandan Capital Pvt Ltd
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

  Axis Securities Raghunandan Capital Pvt Ltd
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)
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AxisDirect Vs RMoney Taxes

  Axis Securities Raghunandan Capital Pvt Ltd
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)
  • 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 Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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AxisDirect Vs RMoney Transaction Charges

  Axis Securities Raghunandan Capital Pvt Ltd
Equity Delivery 0.00325% (₹325/Cr) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday 0.00325% (₹325/Cr) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures 0.0019% (₹190/Cr) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options 0.05% (₹5000/crore) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures 0.0019% (₹190/Cr) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options 0.05% (₹5000/crore) 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 Exposure Margin

  Axis Securities Raghunandan Capital Pvt Ltd
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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AxisDirect and RMoney Feature Comparison

  Axis Securities Raghunandan Capital Pvt Ltd
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 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
Other Features
Referral Program Yes
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AxisDirect Vs RMoney Review

  Axis Securities Raghunandan Capital Pvt Ltd
  48 Customer Reviews    Rate AxisDirect 3 Customer Reviews    Rate RMoney
Fees Ratings 2.0 4.7
Trading Brokerage Rating 1.8 4.7
Trading Platform Usability 2.7 4.3
Customer Service Ratings 2.4 4.0
Overall Ratings Rated 2.2 stars Rated 4.0 stars
Broker Rating AxisDirect is Rated 2.2 / 5 based on 48 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Axis Securities Raghunandan Capital Pvt Ltd
Contact / Request Call Back
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AxisDirect Vs RMoney Investment Options

  Axis Securities Raghunandan Capital Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 Customer Service

  Axis Securities Raghunandan Capital Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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AxisDirect Vs RMoney Order Type Offered

  Axis Securities Raghunandan Capital Pvt Ltd
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

  Axis Securities Raghunandan Capital Pvt Ltd
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

  Axis Securities Raghunandan Capital Pvt Ltd
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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AxisDirect Vs RMoney - Advantages and Disadvantages

  Axis Securities Raghunandan Capital Pvt Ltd
Pros
  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

  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.

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...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. 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.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful Articles:
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