Zerodha Vs AxisDirect (Compare Zerodha and AxisDirect)

Zerodha Vs AxisDirect

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.

	Zerodha	AxisDirect
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX
Year of Incorporation	2010	2006
Number of Branches	22	56
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Zerodha Vs AxisDirect Charges & AMC

Zerodha trading account opening charges is Rs 200 while AxisDirect account opening changes is Rs 900. Zerodha Demat Account AMC Charges is Rs 300 and AxisDirect Demat Account AMC Charges is Rs 650.

	Zerodha	AxisDirect
Trading Account Opening Charges	Rs 200	Rs 900
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 300	Rs 650

Zerodha Vs AxisDirect Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

	Zerodha	AxisDirect
Account Type	Flat Brokerage Plan	Standard Brokerage Plan
Fixed Charges		NA
Equity Delivery	Rs 0 (Free)	0.50%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.05%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.05%
Equity Options	Rs 20 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.05%
Currency Options	Rs 20 per executed order or .03% whichever is lower	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Commodity Options	Rs 20 per executed order or .03% whichever is lower	Rs 50 per lot
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Zerodha Charges Vs AxisDirect

Minimum Brokerage	0.03% in Intraday and F&O	Rs 20 per trade
Other Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 50 per executed order	Rs 20 per call

Zerodha Vs AxisDirect Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (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).

	Zerodha	AxisDirect
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	Rs 190 per Cr (0.0019%)
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	Rs 5000 per Cr (0.05%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)
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Zerodha Vs AxisDirect Leverage (Margin)

Zerodha 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.

	Zerodha	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 Zerodha and AxisDirect Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

	Zerodha	AxisDirect
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close	3:15
Other Features	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Zerodha Vs AxisDirect Review

Zerodha is rated 3.7 of 5 based on 435 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

	Zerodha	AxisDirect
	435 Customer Reviews	71 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 435 customer reviews	AxisDirect is rated 2.1 of 5 based on 71 customer reviews

Zerodha Vs AxisDirect Investment Options

	Zerodha	AxisDirect
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Loans, ETF, Corporate FD

Zerodha Vs AxisDirect Order Type Offered

	Zerodha	AxisDirect
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs AxisDirect Research Report

	Zerodha	AxisDirect
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs AxisDirect Suitable For Investor Type

	Zerodha	AxisDirect
Casual Investor
Active Investor
Trader

Zerodha Vs AxisDirect - Pros and Cons

	Zerodha	AxisDirect
Pros	India's No. 1 broker in terms of the number of active clients and exchange volume. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.	Offers 3-in-1 investment account Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.	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 and Mutual Funds Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + Trade with the best trading platform in India. This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
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