AxisDirect Stock Trading, Demat, Brokerage and Reviews 2021


1.33% 460,945 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 2021

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.

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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 6x 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.

SegmentMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.


AxisDirect Ratings

Overall Rating Rated 2.1 stars 2.1/5
Fees Rated 2.0 stars 2.0/5
Brokerage Rated 1.7 stars 1.7/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.2 stars 2.2/5
Research Capabilities Rated 2.9 stars 2.9/5

Based on 71 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 2021-22 460,945 29 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%
NSE 2016-17 259,006 32 0.01%

* 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.


114 Comments

Robin baruah
114. Robin baruah  Jun 24, 2021 07:11 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
Sujit C
113. Sujit C  Jun 6, 2021 16:17 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
PRASANNA SHOUCHE
112. PRASANNA SHOUCHE  Mar 6, 2021 13:28 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
Rahul
111. Rahul  Mar 1, 2021 06:54 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
Ashwini Barkate
110. Ashwini Barkate  Feb 20, 2021 12:39 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
Sarvesh Bubna
109. Sarvesh Bubna  Feb 3, 2021 20:55 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
Shubhasis Dutta
108. Shubhasis Dutta  Jan 26, 2021 22:14 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
Raman Kumar Bajaj
107. Raman Kumar Bajaj  Nov 2, 2020 23:53 I Like It. | Report Abuse Reply
Bokerage for delivery is very high.

Axis direct doesn't give details / Narrations of debit / credits made in linked bnk account

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Average
nayan deka
106. nayan deka  Oct 25, 2020 12:09 I Like It. | Report Abuse Reply
very high brokerage . very low intraday margin .


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
VIJAY
105. VIJAY  Sep 18, 2020 11:30 I Like It. | Report Abuse Reply
Brokerage very high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Nirajkumar Gupta
104. Nirajkumar Gupta  Aug 21, 2020 16:26 I Like It. | Report Abuse Reply
Overall Service of Axis Bank Demat Account is Very Poor.

Please donot open demat account in Axis bank
Dhiraj Talele
103. Dhiraj Talele  Aug 16, 2020 11:51 I Like It. | Report Abuse Reply
High brokerage

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
KOSHAL
102. KOSHAL  Aug 15, 2020 05:21 I Like It. | Report Abuse Reply
Worst site for share market

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
Vinay
101. Vinay  Aug 4, 2020 18:27 I Like It. | Report Abuse Reply
Unusual charges debited , brokerage is also high compared to others

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
Abhijhit
100. Abhijhit  Aug 4, 2020 01:52 I Like It. | Report Abuse Reply
if you are charging High Brokerages then you should provide chart facility like zeroda to Upstox.
Paul
99. Paul  Aug 2, 2020 23:28 I Like It. | Report Abuse Reply
Platform is very slow and lot of bugs. Company is interested in auto debit of various charges. Not heeding to complaints of clients.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
Amol Vinayak Marathe
98. Amol Vinayak Marathe  Jul 27, 2020 12:20 I Like It. | Report Abuse Reply
Worst brokerage firm ever.
No care about the customer.
No call back .
Too much brokerage charges
So many times axis direct app facing challenges.
When we called customer care the caller suddenly disappeared they don't have manners to call back.
So many thing etc etc !!!
Guys! I have done biggest mistake to joined this brokerage firm.
I could join other discount broker ???

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
BITTU DUTTA
97. BITTU DUTTA  Aug 31, 2019 14:46 I Like It. | Report Abuse Reply
AXIS SECURITIES CUSTOMERS SERVICES IS VERY POOR. PLEASE IMPROVE CUSTOMERS SERVICES...AND NO BRANCH FACILITIES.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Average
MAMTA JHA
96. MAMTA JHA  Apr 3, 2020 19:48 I Like It. | Report Abuse Reply
in Brokerage & Overall support found very bad. I had traded on 30.03.2020 & 01.04.2020 and unable to verify the amount which was deducted by bank. And not body in the Bank clarify the same.

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
No
95. No  Jun 9, 2020 19:58 I Like It. | Report Abuse Reply
Worst

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

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