Geojit Vs AxisDirect (Compare Geojit and AxisDirect)


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


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

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Geojit Vs AxisDirect

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  Geojit AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX-SX BSE, NSE, MCX
Year of Incorporation 1987 2006
Number of Branches 509 56
Open an Online Trading Account with Geojit.Open an Online Trading Account with AxisDirect.
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Geojit Vs AxisDirect Charges & AMC

Geojit trading account opening charges is Rs 425 while AxisDirect account opening changes is Rs 900. Geojit Demat Account AMC Charges is Rs 700 and AxisDirect Demat Account AMC Charges is Rs 650.

  Geojit AxisDirect
Trading Account Opening Charges Rs 425 Rs 900
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 700 Rs 650
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Geojit Vs AxisDirect Brokerage Charges & Plans

Geojit Vs AxisDirect Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  Geojit AxisDirect
Account Type Online Trading Standard Brokerage Plan
Fixed Charges NA
Equity Delivery 0.30% 0.50%
Equity Intraday 0.03% 0.05%
Equity Futures 0.03% 0.05%
Equity Options Rs 125 per contract Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% 0.05%
Currency Options Rs 125 per contract Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures NA 0.03%
Commodity Options NA Rs 50 per lot
Special Offer

Geojit Charges Vs AxisDirect

Minimum Brokerage 1p per share or Rs 20/contract whichever is higher Rs 20 per trade
Other Charges
Call & Trade Charges Rs 20 per call
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Geojit Vs AxisDirect Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  Geojit AxisDirect
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 210 per Cr (0.0021%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options Rs 5500 per Cr (0.05%) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures Rs 145 per Cr (0.00145%) Rs 190 per Cr (0.0019%)
Currency Options Rs 4730 per Cr (0.0473%) on premium Rs 5000 per Cr (0.05%) (on premium)
Commodity NA
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Geojit Vs AxisDirect Leverage (Margin)

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

  Geojit AxisDirect
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 Geojit and AxisDirect Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  Geojit AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Selfie Platinum, Selfie Gold, Mobile App DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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Geojit Vs AxisDirect Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  Geojit AxisDirect
  102 Customer Reviews    Rate Geojit 71 Customer Reviews    Rate AxisDirect
Fees 3.6 2.0
Brokerage 3.3 1.7
Trading Platform 4.0 2.6
Customer Service 3.8 2.2
Research Capabilities 3.2 2.9
Overall Ratings Rated 3.7 stars Rated 2.1 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 customer reviews AxisDirect is rated 2.1 of 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

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Geojit Vs AxisDirect Investment Options

  Geojit AxisDirect
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance Loans, ETF, Corporate FD
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Geojit Vs AxisDirect Order Type Offered

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

  Geojit AxisDirect
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Geojit Vs AxisDirect Suitable For Investor Type

  Geojit AxisDirect
Casual Investor Yes
Active Investor Yes
Trader
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Geojit Vs AxisDirect - Pros and Cons

  Geojit AxisDirect
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons 1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
  • 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
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