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, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India 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 pr... 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
Supported Exchnages NSE, BSE, MCX BSE, NSE, MCX
Account Type Investor Plan (Online Plus) 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 Rs 250 (Currently waived off) while AxisDirect account opening changes is Rs 900. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and AxisDirect Demat Account AMC Charges is Rs 650.

  IIFL Securities AxisDirect
Trading Account Opening Charges Rs 250 (Currently waived off) 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 first 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 0.25% and intraday is 0.025% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  IIFL Securities AxisDirect
Account Type Investor Plan (Online Plus) Standard Brokerage Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.25% 0.50%
Equity Intraday Brokerage 0.025% 0.05%
Equity Futures Brokerage 0.025% 0.05%
Equity Options Brokerage Rs 25 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage 0.025% or Rs 20 per lot 0.05%
Currency Options Trading Brokerage Rs 8 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Trading Brokerage 0.025% 0.03%
Commodity Options Trading Brokerage Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 Rs 50 per lot
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer

IIFL Securities Vs AxisDirect Brokerage Plan 2

  IIFL Securities AxisDirect
Account Type Premium Plan (Dedicated RM) Standard Brokerage Plan
Fixed Charges NA 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 Rs 50 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage 0.05% or Rs 20 per lot 0.05%
Currency Options Trading Brokerage Rs 10 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Trading Brokerage 0.05% 0.03%
Commodity Options Trading Brokerage Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 Rs 50 per lot
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IIFL Securities Vs AxisDirect Brokerage Plan 3

  IIFL Securities AxisDirect
Account Type Super Trader Plan (Pro Traders) Standard Brokerage Plan
Fixed Charges Rs 999 NA
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.01% 0.05%
Equity Futures Brokerage 0.01% 0.05%
Equity Options Brokerage flat Rs 10 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage 0.015% or Rs 15 per lot 0.05%
Currency Options Trading Brokerage flat Rs 5 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Trading Brokerage 0.015% 0.03%
Commodity Options Trading Brokerage Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 Rs 50 per lot
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IIFL Securities Charges Vs AxisDirect

Minimum Brokerage Charges Rs 0.05 per share (Rs 25 Min) Rs 20 per trade
Other Brokerage 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 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 Upto 3x 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 112 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 68 customer reviews.

  IIFL Securities AxisDirect
  112 Customer Reviews    Rate IIFL Securities 68 Customer Reviews    Rate AxisDirect
Fees 2.9 2.1
Trading Brokerage 2.6 1.8
Trading Platform Usability 3.3 2.6
Customer Service 2.8 2.3
Research Capabilities 3.6 2.8
Overall Ratings Rated 2.7 stars Rated 2.1 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews AxisDirect is rated 2.1 of 5 based on 68 customer reviews
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Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer

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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 - Pros and Cons

  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.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  1. SMS alerts at additional Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
  • 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 Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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