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IIFL Securities Vs AxisDirect (Compare IIFL Securities and AxisDirect)

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


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited


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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IIFL Securities Vs AxisDirect

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 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.

  IIFL Securities AxisDirect
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX BSE, NSE, MCX
Account Type Flat Brokerage Plan (FBP) Standard Brokerage Plan
Year of Incorporation 1996 2006
Number of Branches 900 56
Broker Enquiry Open an Online Trading Account with IIFL Securities. 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.
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IIFL Securities Vs AxisDirect Charges & AMC

IIFL Securities trading account opening charges is ₹750 while AxisDirect account opening changes is ₹900. IIFL Securities Demat Account AMC Charges is ₹400 per year and AxisDirect Demat Account AMC Charges is ₹650.

  IIFL Securities AxisDirect
Trading Account Opening Charges ₹750 ₹900
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹400 per year ₹650
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IIFL Securities Vs AxisDirect Brokerage Charges & Plans

IIFL Securities Vs AxisDirect Brokerage

IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  IIFL Securities AxisDirect
Account Type Flat Brokerage Plan (FBP) Standard Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.05% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage 1% of Premium or ₹100 per lot, whichever is high Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.05% 0.05%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.05% 0.03%
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹50 per lot
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

IIFL Securities Vs AxisDirect Brokerage Plan 2

  IIFL Securities AxisDirect
Account Type Variable Brokerage Plan (VBP) Standard Brokerage Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.15% to 0.60% 0.50%
Equity Intraday Brokerage 0.02% to 0.05% 0.05%
Equity Futures Brokerage 0.02% to 0.05% 0.05%
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.02% to 0.05% 0.05%
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.02% to 0.05% 0.03%
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹50 per lot
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IIFL Securities Vs AxisDirect Brokerage Plan 3

  IIFL Securities AxisDirect
Account Type Advance Brokerage Plan (Prepaid) Standard Brokerage Plan
Fixed Charges ₹5,000 to ₹1,00,000 NA
Equity Delivery Brokerage 0.35% to 0.05% 0.50%
Equity Intraday Brokerage 0.04% to 0.01% 0.05%
Equity Futures Brokerage 0.04% to 0.01% 0.05%
Equity Options Brokerage 1% of premium to flat ₹20 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.04% to 0.01% 0.05%
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.04% to 0.01% 0.03%
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹50 per lot
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IIFL Securities Charges Vs AxisDirect

Minimum Brokerage Charges ₹0.05 per share (₹25 Min) ₹20 per trade
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call ₹20 per call
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IIFL Securities Vs AxisDirect Transaction Charges

IIFL Securities transaction charges for options is 0.051% on premium while AxisDirect exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium).

  IIFL Securities AxisDirect
Equity Delivery 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.0021% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.051% on premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.0021% ₹190 per Cr (0.0019%)
Currency Options 0.051% on premium ₹5000 per Cr (0.05%) (on premium)
Commodity 0.0028%
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IIFL Securities Vs AxisDirect Leverage (Margin)

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the AxisDirect margin for intraday cash is Upto 10x.

  IIFL Securities AxisDirect
Equity Delivery Upto 3x (18% Annual Interest) 100% (1x)
Equity Intraday Upto 20x Upto 10x
Equity Futures Upto 3x 100% (1x)
Equity Options 3x for shorting 100% (1x)
Currency Futures Upto 2x 100% (1x)
Currency Options 2x for shorting 100% (1x)
Commodity Futures Upto 3x 3x
Commodity Options 100% (1x)
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Compare IIFL Securities and AxisDirect Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  IIFL Securities 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 Available Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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IIFL Securities Vs AxisDirect Review

IIFL Securities is rated 2.7 of 5 based on 110 customer reviews whereas AxisDirect is rated 2.2 of 5 based on 57 customer reviews.

  IIFL Securities AxisDirect
  110 Customer Reviews    Rate IIFL Securities 57 Customer Reviews    Rate AxisDirect
Fees 2.8 2.1
Trading Brokerage 2.6 1.8
Trading Platform Usability 3.3 2.7
Customer Service 2.7 2.3
Research Capabilities 3.7 3.7
Overall Ratings Rated 2.7 stars Rated 2.2 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 110 customer reviews AxisDirect is rated 2.2 of 5 based on 57 customer reviews
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IIFL Securities Vs AxisDirect Investment Options

  IIFL Securities AxisDirect
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 Insurance Loans, ETF, Corporate FD
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IIFL Securities Vs AxisDirect Order Type Offered

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

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

  IIFL Securities AxisDirect
Casual Investor Yes
Active Investor
Trader Yes
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IIFL Securities Vs AxisDirect - Advantages and Disadvantages

  IIFL Securities AxisDirect
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

Cons
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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 Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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