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AxisDirect Stock Trading, Demat, Brokerage and Reviews 2024


7.12% 357,390 Clients

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

AxisDirect Charges 2024

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.

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.


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.

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.

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 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 value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure + Delivery margin)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 2.5 stars 2.5/5
Customer Service Rated 2.2 stars 2.2/5
Research Capabilities Rated 2.7 stars 2.7/5

Based on 86 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 2023-24 357,390 141 0.04%
BSE 2023-24 87,135 15 0.02%
NSE 2022-23 333,638 108 0.03%
BSE 2022-23 84,586 6 0.01%
NSE 2021-22 422,358 92 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%

* 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.

     

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.


141 Comments

141. Bina Srivastava   I Like It. |Report Abuse|  Link|December 11, 2023 10:50:18 AMReply
Without intimation increased brokerage.
Shares showing in holding but not transferred to dmat over the year.
MF not getting redeemed as showing folio does not exit.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
140. Sam   I Like It. |Report Abuse|  Link|November 21, 2023 12:54:21 AMReply
Very high brokerage charges compared to others and no service in return. You pay 0.50% + GST, BOTH on purchase and sell of shares! For e.g If you bought shares worth 10 lakh rupees Axis direct will cut 5700 rupees as brokerage. When you sell 10 lakh rupees worth shares, again Axis direct will cut 5700 rupees. When your share price increases and total investment amount increases and you will eventually pay 0.50 % on the TOTAL share amount at that time...imagine!. I did not know this before unfortunately. I sent email to Axis direct and asked them to change my brokerage plan but they refused to do it ! I am closing Axis demat soon and will opt for other brokerages which charge 0 % on delivery. You save lot of money when you calculate. Do not opt for Axis direct ! They are looters.

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
139. Vivek   I Like It. |Report Abuse|  Link|November 2, 2023 5:04:27 PMReply
Never rely upon them. They have got a big Brand name, but their services are very very poor. Their only concern is to earn Brokerage for which they provide wrong recommendations and do not care if the client is loosing money on their recommendations


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
138. Mehboob   I Like It. |Report Abuse|  Link|October 27, 2023 1:46:02 PMReply
WORST DEMAT SERVICES!!!!
In the name of full service broker they will provide you levels where you have to take huge LOTS and this way you will pay 2 times charges against per LOTS, Which will be huge and you will never be able to pay this charges from profit because their provided calls don’t have the potential to earn profits after paying the charges . Even most of their calls will be failed and after a time your capital will be zero to pay their charges.

Please note : Axis tips are the tips where you are going to pay charges more than the looses and regarding the profit ~ That will never happen.

Better to use Groww , one of the best demat and for advisory, use Sebi registered companies or Learn.
137. Rana Bhadra   I Like It. |Report Abuse|  Link|September 4, 2023 11:09:22 PMReply
Axis Direct is a fraud company. They cheat the customers by not explaining the brokerage charges and charge high amount. Even there predictions are worst. They are having fraud employees who call people and then cheats them. Request not to do trade with them.
136. Chandrkant   I Like It. |Report Abuse|  Link|August 28, 2023 8:41:53 PMReply
High brokerage lower service

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
135. Singh   I Like It. |Report Abuse|  Link|August 9, 2023 7:36:18 AMReply

I don’t believe AxisDirect is still paying or even pays at all, I wish the can return my money, I was restricted for no reason, I contacted their support and submitted my informations but they didn’t allow me into my account, I now made $14,500 weekly from benarmstrong-trades. com and they allow me withdraw that’s was why I stop using AxisDirect. One other thing I noticed about AxisDirect is they are very nice to beginners until you make deposit. 😡😡
134. Deepak   I Like It. |Report Abuse|  Link|July 16, 2023 6:38:43 PMReply
Axis Demat account is extremely rubbish , the charges are very high and they have so strict rules within organization that the flexibility required for trading is not there , moreover the agents are immature , they have to make commission somehow by recommending incorrect stocks of buy and sell , I have kept axis demat for 5 years only to make losses and wasting time with new agent every 3-4 months .
Don’t ever use axis demat
133. Suparna paul   I Like It. |Report Abuse|  Link|July 5, 2023 2:32:40 PMReply
Very bad service.and too cheater. Always cheating the customer.too irritiate.
132. Suparna paul   I Like It. |Report Abuse|  Link|July 5, 2023 2:30:32 PMReply
Too bluffing company. Totally irritiate with this.don't open the acc. And close . This is very big cheater
131. Harkawal preet Singh   I Like It. |Report Abuse|  Link|April 14, 2023 8:33:37 AMReply
V Good experience 👍it's a safe

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
130. Sukumar   I Like It. |Report Abuse|  Link|February 3, 2023 1:42:43 PMReply
Please never subscribe Axis direct, it is managed by micky mouse team. They steal you money in no time, and they have there own reasons to debit each time. Mostly they kill you by delaying your payments for quite long. Their website is structured in a way that, you will not reach to the hidden menus to get your payments back. Customer service response takes only 48 hours, and always they ensure that pre drafted replies are reaching to you.
129. A Das   I Like It. |Report Abuse|  Link|October 12, 2022 12:22:09 AMReply
Dislike

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
129.1. Shukla dipak   I Like It. |Report Abuse|  Link|January 25, 2023 1:04:13 PM
Very poor
128. Ghy   I Like It. |Report Abuse|  Link|August 4, 2022 11:52:10 AMReply
Brokerage upto 21%

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Below Average
127. Sudhansu Kumar Das   I Like It. |Report Abuse|  Link|April 16, 2022 12:33:46 PMReply
There are a lot of hidden charges. While opening the DMAT account they say the brokerage is zero for purchasing and while selling the charge Rs. 1/- per share. I purchased 200 shares of a company for Rs. 3754/- and sold all the 200 units for Rs. 4055/- thinking that I am not making any loss. But after deducting all their charges and taxes only Rs. 3352/- credited to my account.
126. Jk   I Like It. |Report Abuse|  Link|January 4, 2022 5:45:45 PMReply
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
125. nand   I Like It. |Report Abuse|  Link|December 24, 2021 5:10:10 AMReply
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
124. RAJASEKAR L   I Like It. |Report Abuse|  Link|December 21, 2021 11:12:25 AMReply
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
123. CHENDRASHEKAR ADEPU   I Like It. |Report Abuse|  Link|December 7, 2021 5:08:07 PMReply
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
122. Sarada Laddha   I Like It. |Report Abuse|  Link|October 24, 2021 2:50:47 PMReply
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

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