SBI Securities Vs AxisDirect (Compare SBI Securities and AxisDirect)


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP 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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SBI Securities Vs AxisDirect

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 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.

  SBI Securities AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2001 2006
Number of Branches 117 56
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SBI Securities Vs AxisDirect Charges & AMC

SBI Securities trading account opening charges is Rs 850 while AxisDirect account opening changes is Rs 900. SBI Securities Demat Account AMC Charges is Rs 350 and AxisDirect Demat Account AMC Charges is Rs 650.

  SBI Securities AxisDirect
Trading Account Opening Charges Rs 850 Rs 900
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 350 Rs 650
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SBI Securities Vs AxisDirect Brokerage Charges & Plans

SBI Securities Vs AxisDirect Brokerage

SBI 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%.

  SBI Securities AxisDirect
Account Type eZ-trade Standard Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% 0.50%
Equity Intraday 0.05% 0.05%
Equity Futures 0.05% 0.05%
Equity Options Rs 100 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% 0.05%
Currency Options Rs 30 per lot 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

SBI Securities Charges Vs AxisDirect

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future Rs 20 per trade
Other Charges
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 20 per call
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SBI Securities Vs AxisDirect Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  SBI Securities AxisDirect
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures 0.002206% Rs 190 per Cr (0.0019%)
Currency Options NSE: 0.05515% (Rs 5515/Crore) Rs 5000 per Cr (0.05%) (on premium)
Commodity
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SBI Securities Vs AxisDirect Leverage (Margin)

SBI 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.

  SBI 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 SBI Securities and AxisDirect Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  SBI Securities AxisDirect
3 in 1 Account Yes Yes
Charting No Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 2:45 PM 3:15
Other Features
Referral Program Yes
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SBI Securities Vs AxisDirect Review

SBI Securities is rated 2.6 of 5 based on 145 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  SBI Securities AxisDirect
  145 Customer Reviews    Rate SBI Securities 71 Customer Reviews    Rate AxisDirect
Fees 3.2 2.0
Brokerage 2.8 1.7
Trading Platform 2.6 2.6
Customer Service 2.8 2.2
Research Capabilities 2.6 2.9
Overall Ratings Rated 2.6 stars Rated 2.1 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 145 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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SBI Securities Vs AxisDirect Investment Options

  SBI Securities 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 Loans, ETF, Corporate FD
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SBI Securities Vs AxisDirect Order Type Offered

  SBI Securities AxisDirect
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) No Yes
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SBI Securities Vs AxisDirect Research Report

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

  SBI Securities AxisDirect
Casual Investor Yes Yes
Active Investor
Trader
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SBI Securities Vs AxisDirect - Pros and Cons

  SBI Securities AxisDirect
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
  • 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
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