AxisDirect Vs Tradeplus (Compare AxisDirect and Tradeplus)

AxisDirect Vs Tradeplus

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	AxisDirect	Tradeplus
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2006	1995
Number of Branches	56
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AxisDirect Vs Tradeplus Charges & AMC

AxisDirect trading account opening charges is Rs 900 while Tradeplus account opening changes is Rs 0. AxisDirect Demat Account AMC Charges is Rs 650 and Tradeplus Demat Account AMC Charges is Rs 0.

	AxisDirect	Tradeplus
Trading Account Opening Charges	Rs 900	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 650	Rs 0

AxisDirect Vs Tradeplus Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

	AxisDirect	Tradeplus
Account Type	Standard Brokerage Plan	Flat Zero brokerage Scheme
Fixed Charges	NA	As per segment
Equity Delivery	0.50%	Rs 0 (Free)
Equity Intraday	0.05%	NA
Equity Futures	0.05%	Rs 799 per month (unlimited trading)
Equity Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Rs 99 per month (unlimited trading)
Currency Futures	0.05%	Rs 99 per month (unlimited trading)
Currency Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l	Rs 99 per month (unlimited trading)
Commodity Futures	0.03%	Rs 99 per month (unlimited trading)
Commodity Options	Rs 50 per lot	Rs 99 per month (unlimited trading)
Special Offer		Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

AxisDirect Vs Tradeplus Brokerage Plan 2

	AxisDirect	Tradeplus
Account Type	Standard Brokerage Plan	Flexi Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.50%	Rs 0 (Free)
Equity Intraday	0.05%	Lower of - Rs 9 per trade or 0.01%
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
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AxisDirect Charges Vs Tradeplus

Minimum Brokerage	Rs 20 per trade
Other Charges		SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 20 per call	Flat Rs 75 per day

AxisDirect Vs Tradeplus 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 Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

	AxisDirect	Tradeplus
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)	Rs 360 per crore (0.0036%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	Rs 190 per Cr (0.0019%)	Rs 140 per crore (0.0014%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	Rs 6000 (on premium) per crore (0.06%)
Commodity		Rs 500 (0.005%)
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AxisDirect Vs Tradeplus Leverage (Margin)

AxisDirect margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Tradeplus margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	AxisDirect	Tradeplus
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare AxisDirect and Tradeplus Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Tradeplus offers INFINI, NSE NOW trading software.

	AxisDirect	Tradeplus
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	DirectTrade, Axisdirect Web, Axisdirect Mobile	INFINI, NSE NOW
Intraday Square-off Time	3:15
Other Features
Referral Program
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AxisDirect Vs Tradeplus Review

AxisDirect is rated 2.1 of 5 based on 71 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

	AxisDirect	Tradeplus
	71 Customer Reviews	35 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	AxisDirect is rated 2.1 of 5 based on 71 customer reviews	Tradeplus is rated 3.0 of 5 based on 35 customer reviews

AxisDirect Vs Tradeplus Investment Options

	AxisDirect	Tradeplus
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, ETF, Corporate FD

AxisDirect Vs Tradeplus Order Type Offered

	AxisDirect	Tradeplus
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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AxisDirect Vs Tradeplus Research Report

	AxisDirect	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

AxisDirect Vs Tradeplus Suitable For Investor Type

	AxisDirect	Tradeplus
Casual Investor
Active Investor
Trader

AxisDirect Vs Tradeplus - Pros and Cons

	AxisDirect	Tradeplus
Pros	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or Rs 90 per month. Analysis tools available for intraday trading.
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	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
Reviews
Promo / Offers		Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.
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