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ICICIDirect Vs AxisDirect (Compare ICICIDirect and AxisDirect)

The side-by-side comparison of ICICIDirect and AxisDirect. Compare ICICIDirect Vs AxisDirect brokerage, charges, exposure margin, demat account. Read AxisDirect and ICICIDirect review.

Find out ICICIDirect Vs AxisDirect which is better and ICICIDirect Vs AxisDirect which is best.

Our ICICI Securities Pvt Ltd. comparison with Axis Securities highlights the major differences between two brokers. Find the best between ICICIDirect and AxisDirect.

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ICICIDirect Vs AxisDirect

  ICICI Securities Pvt Ltd. Axis Securities
 
ICICI Securities Pvt Ltd. Logo Axis Securities Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 2005, Axis Securities is a subsidiary company of Axis Bank Ltd. Company offers broking services and distribution of financial products to retail customers in India. Axis Sec offers a single account to its customer to invest in Equitie... Know more about Axis Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE
Account Type 3-in-1 Account (I-Secure Plan) Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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ICICIDirect Vs AxisDirect Charges

  ICICI Securities Pvt Ltd. Axis Securities
Trading Account Opening Fees ₹975 ₹900 (3 in 1 account)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹500
Demat Account is Mandatory? No No
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ICICIDirect Vs AxisDirect Brokerage

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Axis Securities
Account Type 3-in-1 Account (I-Secure Plan) Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage 0.55% ₹20 per executed order
Equity Intraday Brokerage 0.275% ₹20 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03% each side
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03% each side
Commodity Options Trading Brokerage NA ₹50 per lot

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Axis Securities
Account Type I-Saver Plan Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% ₹20 per executed order
Equity Intraday Brokerage 0.75% to 0.25% ₹20 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order
Equity Options Brokerage ₹95 to ₹65 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03% each side
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges ₹250 per monthly fee if do not have axis bank account
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per call post 20th call per month
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ICICIDirect Vs AxisDirect Taxes

  ICICI Securities Pvt Ltd. Axis Securities
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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ICICIDirect Vs AxisDirect Transaction Charges

  ICICI Securities Pvt Ltd. Axis Securities
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.00325% (₹325/Cr)
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.00325% (₹325/Cr)
Equity Futures 0.0018% 0.0019% (₹190/Cr)
Equity Options 0.05% on Premium 0.05% (₹5000/crore)
Currency Futures 0.0012% 0.0019% (₹190/Cr)
Currency Options 0.05% on Premium 0.05% (₹5000/crore)
Commodity NA
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ICICIDirect Vs AxisDirect Exposure Margin

  ICICI Securities Pvt Ltd. Axis Securities
Equity Delivery 5x with Interest Nil
Equity Intraday Upto 25x Upto 10x
Equity Futures 4x Nil
Equity Options 2x for shorting Nil
Currency Futures NA NA
Currency Options NA NA
Commodity NA 3x
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ICICIDirect and AxisDirect Feature Comparison

  ICICI Securities Pvt Ltd. Axis Securities
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App DirectTrade, Swift Trade, Axisdirect Mobile
Intraday Square-off Time 3:30 PM 3:15
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICIDirect Vs AxisDirect Review

  ICICI Securities Pvt Ltd. Axis Securities
  400 Customer Reviews    Rate ICICIDirect 48 Customer Reviews    Rate AxisDirect
Fees Ratings 2.3 2.0
Trading Brokerage Rating 1.7 1.8
Trading Platform Usability 3.4 2.7
Customer Service Ratings 2.8 2.4
Overall Ratings Rated 2.4 stars Rated 2.2 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Axis Securities
Contact / Request Call Back
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ICICIDirect Vs AxisDirect Investment Options

  ICICI Securities Pvt Ltd. Axis Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIDirect Vs AxisDirect Customer Service

  ICICI Securities Pvt Ltd. Axis Securities
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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ICICIDirect Vs AxisDirect Order Type Offered

  ICICI Securities Pvt Ltd. Axis Securities
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
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ICICIDirect Vs AxisDirect Research Report

  ICICI Securities Pvt Ltd. Axis Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIDirect Vs AxisDirect Suitable For Investor Type

  ICICI Securities Pvt Ltd. Axis Securities
Casual Investor Yes Yes
Active Investor
Trader
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ICICIDirect Vs AxisDirect - Advantages and Disadvantages

  ICICI Securities Pvt Ltd. Axis Securities
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  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...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

  • 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...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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