IIFL Securities Vs AxisDirect (Compare IIFL Securities and AxisDirect)


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL 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 as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd


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
Exchnage Membership NSE, BSE, MCX BSE, NSE, MCX
Year of Incorporation 1996 2006
Number of Branches 900 56
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IIFL Securities Vs AxisDirect Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while AxisDirect account opening changes is Rs 900. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and AxisDirect Demat Account AMC Charges is Rs 650.

  IIFL Securities AxisDirect
Trading Account Opening Charges Rs 0 (Free) Rs 900
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 650
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IIFL Securities Vs AxisDirect Brokerage Charges & Plans

IIFL Securities Vs AxisDirect Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  IIFL Securities AxisDirect
Account Type iServe Standard Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 20 per order 0.05%
Equity Options Rs 20 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 20 per order 0.05%
Currency Options Rs 20 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Rs 20 per order 0.03%
Commodity Options Rs 20 per order Rs 50 per lot
Special Offer
Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Charges Vs AxisDirect

Minimum Brokerage Rs 20 per trade
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call Rs 20 per call
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IIFL Securities Vs AxisDirect Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  IIFL Securities 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 5100 per Cr (0.051%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures Rs 210 per Cr (0.0021%) Rs 190 per Cr (0.0019%)
Currency Options Rs 5100 per Cr (0.051%) (on premium) Rs 5000 per Cr (0.05%) (on premium)
Commodity Group A - Rs 280 per Cr (0.0028%)
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IIFL Securities Vs AxisDirect Leverage (Margin)

IIFL Securities 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.

  IIFL Securities 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 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 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 118 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  IIFL Securities AxisDirect
  118 Customer Reviews    Rate IIFL Securities 71 Customer Reviews    Rate AxisDirect
Fees 2.8 2.0
Brokerage 2.6 1.7
Trading Platform 3.2 2.6
Customer Service 2.7 2.2
Research Capabilities 3.3 2.9
Overall Ratings Rated 2.7 stars Rated 2.1 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews AxisDirect is rated 2.1 of 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire AxisDirect Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs AxisDirect Investment Options

  IIFL Securities AxisDirect
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 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 Yes
Trader Yes
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IIFL Securities Vs AxisDirect - Pros and Cons

  IIFL Securities AxisDirect
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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
Reviews
Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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