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HDFC Sky Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. HDFC Sky is a Discount Broker where AxisDirect is a Full Service Broker. HDFC Sky is having overall higher rating compare to AxisDirect. HDFC Sky is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for AxisDirect is 3,42,472. HDFC Sky is serving more customer compare to AxisDirect.

Here we present side-by-side comparison of HDFC Sky vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of HDFC Sky vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared HDFC Sky vs AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare HDFC Sky vs AxisDirect on Service

  HDFC Sky Compare
HDFC Sky
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 10,62,264 3,42,472
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare HDFC Sky vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with AxisDirect
Charges HDFC Sky AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs AxisDirect on Plan Options

Plans are the most important feature you look when compare HDFC Sky with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare HDFC Sky with AxisDirect on Plan Options
Plan Types HDFC Sky AxisDirect
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs AxisDirect on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare HDFC Sky with AxisDirect
Brokerage Charges Compare HDFC Sky AxisDirect
Plan Name Fixed pricing model Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.1% or Rs 20 whichever is lower 0.50% (Each leg)
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.1% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.1% or Rs 20 whichever is lower 0.05% (Each Leg)
Currency Options Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 20 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 12% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges 0.1% or Rs 20 whichever is lower 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare HDFC Sky vs AxisDirect on Transaction Charges

Compare HDFC Sky with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky with AxisDirect
Transaction Charges Compare HDFC Sky AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for axisdirect
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Account Features

Compare HDFC Sky vs AxisDirect on Account Features

Compare HDFC Sky with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - HDFC Sky with AxisDirect
Account Features Compare HDFC Sky AxisDirect
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare HDFC Sky with AxisDirect
Trading Platform Compare HDFC Sky AxisDirect
Desktop Trading Platform HDFC Sky Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App AxisDirect Ring Mobile App
Mobile Trading App Demo HDFC Sky App Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare HDFC Sky vs AxisDirect on User Rating

  HDFC Sky AxisDirect
  97 Customer Reviews    Rate HDFC Sky 6 Customer Reviews    Rate AxisDirect
Fees Ratings 2.4 2.5
Trading Brokerage Rating 2.1 2.0
Trading Platform Usability 2.9 3.2
Customer Service Ratings 2.8 2.7
Overall Ratings 2.4 2.3
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare HDFC Sky vs AxisDirect on Investment Offerings

Compare HDFC Sky with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with AxisDirect
Investment Offerings Compare HDFC Sky AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs AxisDirect on Order Types

Order Type - Compare HDFC Sky with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - HDFC Sky provide Bracket Orders (BO) where AxisDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- AxisDirect offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare HDFC Sky with AxisDirect
Order Type Compare HDFC Sky AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs AxisDirect on Customer Service

Compare HDFC Sky with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare HDFC Sky with AxisDirect
Customer Service Compare HDFC Sky AxisDirect
24/7 Customer Service HDFC Sky vs AxisDirect - 24x7 customer support No No
Email Support HDFC Sky vs AxisDirect - Email Support Yes Yes
Onine Live Chat HDFC Sky vs AxisDirect - Onine Live Chat No Yes
Phone Support HDFC Sky vs AxisDirect - Phone Support Yes Yes
Toll Free Number HDFC Sky vs AxisDirect - Toll Free Number No Yes
Through Branches HDFC Sky vs AxisDirect - Through Branches Yes Yes
Customer Care Number HDFC Sky vs AxisDirect - Customer Care Number 1800 121 2109 022-61480808
Account Opening Process HDFC Sky vs AxisDirect - Account Opening Process Online Online
Customer Support Email HDFC Sky vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs AxisDirect - Knowledge Center/Education https://hdfcsky.com/learn https://simplehai.axisdirect.in/learn/overview
Head Office Address HDFC Sky vs AxisDirect - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website HDFC Sky vs AxisDirect - Company Website https://hdfcsky.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare HDFC Sky vs AxisDirect on Research Reports, Tips

Compare HDFC Sky with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare HDFC Sky with AxisDirect
  HDFC Sky AxisDirect
Research Mutual Funds HDFC Sky vs AxisDirect - Research Mutual Funds Yes Yes
Research Equity Reports HDFC Sky vs AxisDirect - Research Equity Reports Yes Yes
Research ETF HDFC Sky vs AxisDirect - Research ETF Yes Yes
Daily Market Report HDFC Sky vs AxisDirect - Daily Market Report Yes Yes
Free Tips HDFC Sky vs AxisDirect - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs AxisDirect - Quarterly Results Yes Yes
News Alerts HDFC Sky vs AxisDirect - Yes Yes
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Demat Account

Compare HDFC Sky vs AxisDirect on Demat Account

Compare HDFC Sky with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for AxisDirect is ₹500 pa where for HDFC Sky is ₹750 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky with AxisDirect
  HDFC Sky AxisDirect
DP Source CDSL CDSL
DP ID HDFC Sky vs AxisDirect - DP ID CDSL: 1209 49200
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹500 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹10
Demat ₹5 per certificate + ₹35 request charges ₹3 per certificate
Remat ₹30 ₹10 for every hundred securities (Min ₹10)
Pledge Creation Nil ₹25
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) ₹25
Pledge Closure Nil ₹25
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) ₹25
Pledge Invocation 0.04% of transaction value (Min ₹40) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs AxisDirect on Special Offers and Promotion

Compare HDFC Sky with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs AxisDirect on Special Offers and Promotion
  HDFC Sky AxisDirect
Pay In and Pay Out Options HDFC Sky vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time HDFC Sky vs AxisDirect - Payout Time Instant to HDFC Bank. Instant to Axis Bank.
Bank Supported and Charges HDFC Sky vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Direct from your Axis bank account.
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00