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Zerodha Vs AxisDirect Share Broker Comparison

The side-by-side comparison of Zerodha and Axis Securities stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and AxisDirect's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and AxisDirect.

  Zerodha Axis Securities
 
Zerodha Logo Axis Securities Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha Incorporated in 2005, Axis Securities is a subsidiary company of Axis Bank Ltd. Company offers broking services and distribution of financial products to retail customers in India. Axis Sec offers a single account to its customer to invest in Equitie... Know more about Axis Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE
Account Type Standard Plan Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with Zerodha. 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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Stock Broker Fees / Charges

  Zerodha Axis Securities
Trading Account Opening Fees ₹300 ₹900 (3 in 1 account)
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹100 ₹0
Demat Account AMC ₹300 ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Axis Securities
Account Type Standard Plan Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03% each side
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03% each side
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹0 ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS ₹250 per monthly fee if do not have axis bank account
Call & Trade Charges ₹20 per executed order ₹20 per call post 20th call per month
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Taxes

  Zerodha Axis Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha Axis Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.00325% (₹325/Cr)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) 0.00325% (₹325/Cr)
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) 0.0019% (₹190/Cr)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) 0.05% (₹5000/crore)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) 0.0019% (₹190/Cr)
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) 0.05% (₹5000/crore)
Commodity Group A - ₹260 per Cr (0.0026%)
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Exposure

  Zerodha Axis Securities
Equity Delivery 1x (no margin) Nil
Equity Intraday Up to 20x (based on the stock) Upto 10x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span 3x
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Share Broker Features

  Zerodha Axis Securities
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile DirectTrade, Swift Trade, Axisdirect Mobile
Intraday Square-off Time 3:10 PM 3:15
Other Features Direct Mutual Funds, APIs Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  Zerodha Axis Securities
  330 Customer Reviews    Rate Zerodha 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.8 2.0
Trading Brokerage Rating 4.4 1.8
Trading Platform Usability 3.6 2.7
Customer Service Ratings 3.5 2.4
Overall Ratings Rated 3.7 stars Rated 2.2 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Axis Securities
Contact / Request Call Back
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Investment Options Available

  Zerodha Axis Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Customer Service Offered

  Zerodha Axis Securities
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Zerodha Axis Securities
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) No Yes
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Research / Tips / Reports Published

  Zerodha Axis Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Zerodha Axis Securities
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Zerodha Axis Securities
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  • 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

More Disadvantages...

Reviews Useful Articles about Zerodha:
Promo / Offers

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