AxisDirect Vs RMoney (Compare AxisDirect and RMoney)

The side-by-side comparison of AxisDirect and RMoney. Compare AxisDirect Vs RMoney brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best AxisDirect vs RMoney?


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


RMoney
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 and Corporate FDR's. 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 turnover and over 4% of MCX turnover. It has a strong presence in... 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
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
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 RMoney. Leave your contact info and we will get in touch with you.
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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)
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AxisDirect Vs RMoney Brokerage Charges & Plans

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)
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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 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

AxisDirect is rated 2.2 of 5 based on 57 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

  AxisDirect RMoney
  57 Customer Reviews    Rate AxisDirect 3 Customer Reviews    Rate RMoney
Fees 2.1 4.7
Trading Brokerage 1.8 4.7
Trading Platform Usability 2.7 4.3
Customer Service 2.3 4.0
Research Capabilities 3.7
Overall Ratings Rated 2.2 stars Rated 4.0 stars
Broker Rating AxisDirect is rated 2.2 of 5 based on 57 customer reviews RMoney is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire RMoney Enquire
Contact Broker

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RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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AxisDirect Vs RMoney Investment Options

  AxisDirect RMoney
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 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 ₹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
  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.
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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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