SBI Securities Vs AxisDirect (Compare SBI Securities and AxisDirect)

The side-by-side comparison of SBI Securities and AxisDirect. Compare SBI Securities Vs AxisDirect brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SBI Securities vs 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
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type eZ-trade Standard Brokerage Plan
Year of Incorporation 2001 2006
Number of Branches 117 56
Broker Enquiry Open an Online Trading Account with SBI 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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SBI Securities Vs AxisDirect Charges & AMC

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

  SBI Securities AxisDirect
Trading Account Opening Charges ₹850 ₹900
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹350 ₹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
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.05% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage ₹100 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.03% 0.05%
Currency Options Trading Brokerage ₹30 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA ₹50 per lot
Special Offer

SBI Securities Charges Vs AxisDirect

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

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

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

SBI Securities provides the margin of Upto 5x for intraday trades whereas the AxisDirect margin for intraday cash is Upto 10x.

  SBI Securities AxisDirect
Equity Delivery 2x with Intrest 100% (1x)
Equity Intraday Upto 5x Upto 10x
Equity Futures Nil 100% (1x)
Equity Options Nil 100% (1x)
Currency Futures Nil 100% (1x)
Currency Options Nil 100% (1x)
Commodity Futures NA 3x
Commodity Options 100% (1x)
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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 Available 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 133 customer reviews whereas AxisDirect is rated 2.2 of 5 based on 57 customer reviews.

  SBI Securities AxisDirect
  133 Customer Reviews    Rate SBI Securities 57 Customer Reviews    Rate AxisDirect
Fees 3.2 2.1
Trading Brokerage 2.8 1.8
Trading Platform Usability 2.6 2.7
Customer Service 2.8 2.3
Research Capabilities 1.3 3.7
Overall Ratings Rated 2.6 stars Rated 2.2 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 133 customer reviews AxisDirect is rated 2.2 of 5 based on 57 customer reviews
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SBI Securities Vs AxisDirect Investment Options

  SBI Securities AxisDirect
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 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 ₹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
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