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AxisDirect Vs RMoney (Compare AxisDirect and RMoney)

Axis Securities Logo

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

AxisDirect Review Brokerage Demat Acct Mobile App Account Opening IPO NRI Account Review Demat Trading Software Mutual Fund Is it safe? API Review FAQs
Raghunandan Capital Pvt Ltd Logo

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

RMoney Review Brokerage Demat Acct Mobile App Account Opening IPO NRI Account Review Demat Trading Software Mutual Fund Is it safe? API Review FAQs
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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
Open an Online Trading Account with AxisDirect.Open an Online Trading Account with RMoney.
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AxisDirect Vs RMoney Charges & AMC

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

  AxisDirect RMoney
Trading Account Opening Charges Rs 900 Rs 199
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 650 Rs 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 Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

  AxisDirect RMoney
Account Type Standard Brokerage Plan Zero Brokerage Plans
Fixed Charges NA NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% Rs 18 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 18 per executed order or .01% whichever is lower
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 18 per executed order or .01% whichever is lower
Currency Futures 0.05% Rs 18 per executed order or .01% whichever is lower
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 18 per executed order or .01% whichever is lower
Commodity Futures 0.03% Rs 18 per executed order or .01% whichever is lower
Commodity Options Rs 50 per lot
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 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 0.50% 0.10% to 0.40%
Equity Intraday 0.05% 0.01% to 0.04%
Equity Futures 0.05% 0.005% to 0.02%
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 20 to Rs 80 per lot
Currency Futures 0.05% 0.005% to 0.02%
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l 0.005% to 0.02%
Commodity Futures 0.03% 0.005% to 0.02%
Commodity Options Rs 50 per lot
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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 300 per Cr (0.003%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

  AxisDirect RMoney
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures Rs 190 per Cr (0.0019%) NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
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
Other Features
Referral Program Yes
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AxisDirect Vs RMoney Review

AxisDirect is rated 2.1 of 5 based on 76 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  AxisDirect RMoney
  76 Customer Reviews    Rate AxisDirect 4 Customer Reviews    Rate RMoney
Fees 2.0 4.8
Brokerage 1.8 4.5
Trading Platform 2.6 4.0
Customer Service 2.2 4.0
Research Capabilities 2.7 3.0
Overall Ratings Rated 2.1 stars Rated 3.8 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 76 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire RMoney Enquire
Contact Broker Leave your contact information and we will get in touch with you....
RMoney Rs 0 Account Opening Fee + Rs 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
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. 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.
Reviews Useful Articles:
Promo / Offers

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 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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