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AxisDirect Stock Trading, Demat, Brokerage and Reviews 2022


-11.46% 402,765 Clients

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 Loans, Auto Loans, Personal Loans, Loan against Property, Loan against Shares and Loans for SME, Credit and Prepaid Cards.

AxisDirect offers 3-in-1 account, an integrated Trading, Demat and Bank account. This account offers a seamless transaction of money and shares between the 3 accounts. It simplifies trading for the customers especially beginners and casual traders.

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AxisDirect Charges 2022

Axis Direct Account Opening Charges

3-in-1 Account Opening ChargesRs 999
Demat Account Opening ChargesRs 0
Demat Account AMCRs 650 per year (free for 1st year)

Axis Direct Brokerage Charges

Axis Direct charges 0.50% brokerage for equity delivery, 0.05% for Intraday & Futures, and Rs 10 per lot for options.

SegmentBrokerage Charges
Equity Delivery0.50% (Each Leg)
Equity Intraday0.05% (Each Leg)
Equity Future0.05% (Each Leg)
Equity OptionsIntraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures0.05% (Each Leg)
Currency OptionsIntraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Commodity Futures0.03% (Each Leg)
Commodity OptionsRs 50 per lot

AxisDirect Other Charges (Hidden Fees)

  • Axis Direct Minimum Brokerage: Rs 20 per trade
  • Call & Trade Service: Rs 20 per call
  • Brokerage Plan Modification Charge: Rs 500 per quarter
  • Payment Gateway Charges (For Non-Axis Bank Customers): Rs 9 per transfer

Visit AxisDirect Brokerage Charges Review for more detail.


AxisDirect Trading Software (AxisDirect Trading Platforms)

Axis Securities offer multiple trading platforms based on customers investment style and needs.

  1. DirectTrade

    A Desktop trading application which has advanced charting, auto-refreshing order/trade/position books and high frequency updates of market rate. This trading terminal is suitable for high frequency traders.

    The DirectTrade Terminal also offers live streaming quotes, Fully Customizable Multiple Market Watch and Quick access to order placement and reports.

    The DirectTrade is available at additional cost of Rs 2999 per year.

  2. Swift Trade

    A Java applet-based trading platform. This light-weight trading platform offers functionality of trading terminal in a web browser.

  3. Mobile Trading

    AxisDirect Mobile App allows customers to trade in Equity and Derivative segments through your smart phone.

  4. AxisDirect lite

    AxisDirect Lite is a low bandwidth, user friendly trading platform that allows customers to trade in Equities and Derivatives even on slower internet connection.

 

Visit AxisDirect Trading Software Review for more detail.

Contact AxisDirect / Request Call Back

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AxisDirect Pros and Cons


AxisDirect Pros (Advantages)

The following are the advantages of AxisDirect. You must read AxisDirect advantages and disadvantages before opening an account with AxisDirect. AxisDirect pros and cons help you find if it suits your investment needs.

  • Axis Direct offers a 3-in-1 account. This includes Bank, Demat and Trading Account. This makes trading and investing very easy.
  • Axis Direct offers a large number of products under one single brand/website.
  • Axis Direct offers free research reports to its customers.
  • Axis Direct offers classroom sessions, webinars, Online Tutorials and Articles by Experts to help beginners understand basics.

AxisDirect Cons (Disadvantages)

The following are the cons of AxisDirect. Check the list of AxisDirect drawbacks.

  • Very high brokerage in comparison to discount stock brokers like Zerodha.

AxisDirect Enquiry Form

AxisDirect Margin Exposure

AxisDirect margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. AxisDirect F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for AxisDirect F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

AxisDirect Ratings

Overall Rating Rated 2.0 stars 2.0/5
Fees Rated 2.0 stars 2.0/5
Brokerage Rated 1.8 stars 1.8/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.1 stars 2.1/5
Research Capabilities Rated 2.8 stars 2.8/5

Based on 82 Votes by AxisDirect Customers

Do you trade with AxisDirect? Rate AxisDirect


AxisDirect Complaint

The number of AxisDirect customer complaint received by the exchanges. The AxisDirect consumer complaint report helps understanding the Axis Securities quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2021-22 402,765 77 0.02%
BSE 2021-22 86,892 5 0.01%
NSE 2020-21 454,882 139 0.03%
BSE 2020-21 40,816 2 0%
NSE 2019-20 270,462 46 0.02%
BSE 2019-20 40,666 2 0%
NSE 2018-19 421,771 24 0.01%
BSE 2018-19 33,522 4 0.01%
NSE 2017-18 404,769 35 0.01%
BSE 2017-18 66,921 11 0.02%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit AxisDirect Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

  1. 1. How to close Axis Direct account?

    Axis direct accounts can be closed by the online and offline processes.

    Axis Direct account closure (Online)

    You can close your account online only if your account does not have any holdings or outstanding dues. You are required to send two separate emails to close the trading account and Demat account.

    To close your Demat account, send an email to dphelp@axisdirect.in from your registered email id to raise the Demat account closure request.

    To close your Axis Direct trading account, send an email to helpdesk@axisdirect.in mentioning your Trading account number and the reason for the closure.


    Axis Direct Demat account closure (Offline)

    1. Download and take a print of the account closure form
    2. Fill and sign it.
    3. Submit the form to your nearest Axis Direct branch.

    Note:

    • In case you have any securities in your Demat account, transfer or sell them.
    • Pay all outstanding dues.

     


127 Comments

127. Jk  Jan 4, 2022 6:45:45 PM I Like It. | Report Abuse Reply
No customer education /training help for a new customer. Difficult to contact.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
126. nand  Dec 24, 2021 6:10:10 AM I Like It. | Report Abuse Reply
BELOW PAR as compared to the brand name

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
125. RAJASEKAR L  Dec 21, 2021 12:12:25 PM I Like It. | Report Abuse Reply
Needs to improve above

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
124. CHENDRASHEKAR ADEPU  Dec 7, 2021 6:08:07 PM I Like It. | Report Abuse Reply
Worst Service,

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
123. Sarada Laddha  Oct 24, 2021 3:50:47 PM I Like It. | Report Abuse Reply
No representative to attend our query. Brokerage rates not properly explained to trade/delivery and are very high with hidden charges. You are only concerned with your brokerage. I have an account with Axis since last 15 years, branch convinced to open Demat, now nobody come forward to answer my queries. Operating Demat for your profit not for me. Please resolve this issues. Planning to move to other brokers. Expecting your favorable response to continue with you.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
122. Soumya kabiraj  Oct 6, 2021 12:54:25 AM I Like It. | Report Abuse Reply
Hidden cost is abnormal

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
121. Harshul Singhal  Sep 15, 2021 3:55:06 PM I Like It. | Report Abuse Reply
Very poor services for Axis Direct

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
120. Sure  Aug 31, 2021 1:54:19 PM I Like It. | Report Abuse Reply
Brokerage is too high.. Trading app is very low quality..

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
119. Manivel Murugesan  Aug 30, 2021 3:18:32 PM I Like It. | Report Abuse Reply
All the charges are high compared to others and also KYC clearness took month to start my investments which is not good sign

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Average
118. karthi ganesan  Aug 25, 2021 11:46:57 PM I Like It. | Report Abuse Reply
Very high brokerage charges.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Very Poor
117. Ganesh  Aug 4, 2021 10:19:56 PM I Like It. | Report Abuse Reply
Good - brokerages + customer service
Bad - trading platform
Do not have a singal platform perfect.
Web versin - can not see pending order
Ring Mobile - f&o open poisitio not available (intraday available)
Direct mobile - very slow and hang even on high end smartphone
Destop app - exit time showing messages that margin limit not set for clind

All problems are more than two months and technical team is not able to solve any of them.



Ratings:

Brokerage - Excellent
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
116. Shambhu Prasad Singh  Aug 3, 2021 4:23:58 PM I Like It. | Report Abuse Reply
Mera account se 236rupees axisdirect me kyon kata

115. Shambhu Prasad Singh  Aug 3, 2021 4:23:28 PM I Like It. | Report Abuse Reply
Mera account se 236rupees axisdirect me kyon kata

114. Robin baruah  Jun 24, 2021 8:11:16 AM I Like It. | Report Abuse Reply
Worst brokerage in india , frequent logout ,min login 25 times a day ,for next page you have to login again ,no charting facility, days total lost profit not sum up ,avoid avoid
113. Sujit C  Jun 6, 2021 5:17:06 PM I Like It. | Report Abuse Reply
Pathetic and outdated trading platforms. Poor customer service and exorbitant brokerage charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
112. PRASANNA SHOUCHE  Mar 6, 2021 2:28:25 PM I Like It. | Report Abuse Reply
PROFASIONALISM IS NOT PERFECT PASSION, YOUR SENIOR LEVEL EXCUTIVE WHICH I MEET IS with him, has not clarify MY VISION ASPECT

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
111. Rahul  Mar 1, 2021 7:54:31 AM I Like It. | Report Abuse Reply
pathetic service

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
110. Ashwini Barkate  Feb 20, 2021 1:39:15 PM I Like It. | Report Abuse Reply
I dislike brokerage charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
109. Sarvesh Bubna  Feb 3, 2021 9:55:35 PM I Like It. | Report Abuse Reply
Submitted my KYC documents thrice. The branch lost it all the three times. No DIS Book was issued to me, due to which i had to sell my shares on the closure of my DMAT account. Do not open an account with Axis Direct

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
108. Shubhasis Dutta  Jan 26, 2021 11:14:53 PM I Like It. | Report Abuse Reply
Research capabilities & customer care very effective but brokerage charge is very high with illegal point of view.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Below Average

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