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IIFL Securities Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. IIFL Securities offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of IIFL Securities ranges between Rs 20 while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to AxisDirect. IIFL Securities is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for AxisDirect is 3,42,472. IIFL Securities is serving more customer compare to AxisDirect.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs AxisDirect on Service

  IIFL Securities Compare
IIFL Securities
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 4,26,451 3,42,472
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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 IIFL Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare IIFL Securities vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - IIFL Securities charges Rs 250 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 IIFL Securities with AxisDirect
Charges IIFL Securities AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 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 IIFL Securities vs AxisDirect on Plan Options

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

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

Account Opening

  IIFL Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs AxisDirect on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage 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 IIFL Securities with AxisDirect
Brokerage Charges Compare IIFL Securities AxisDirect
Plan Name IIFL iSERVE Brokerage Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order 0.50% (Each leg)
Equity Intraday Flat Rs 20 per order 0.05% (Each leg)
Equity Futures Flat Rs 20 per order 0.05% (Each leg)
Equity Options Flat Rs 20 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Rs 20 per order 0.05% (Each Leg)
Currency Options Flat Rs 20 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Rs 20 per order Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Call + GST Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50 Per Call + GST 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare IIFL Securities vs AxisDirect on Transaction Charges

Compare IIFL Securities with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities with AxisDirect
Transaction Charges Compare IIFL Securities 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for axisdirect
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Account Features

Compare IIFL Securities vs AxisDirect on Account Features

Compare IIFL Securities with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where IIFL Securities offers only 2-in-1 account which includes 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 - IIFL Securities with AxisDirect
Account Features Compare IIFL Securities AxisDirect
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. Yes, IIFL Securities 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 IIFL Securities vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with AxisDirect
Trading Platform Compare IIFL Securities AxisDirect
Desktop Trading Platform IIFL Trader terminal Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets AxisDirect Ring Mobile App
Mobile Trading App Demo IIFL Markets Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets 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 IIFL Securities Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare IIFL Securities vs AxisDirect on User Rating

  IIFL Securities AxisDirect
  82 Customer Reviews    Rate IIFL Securities 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.1 2.5
Trading Brokerage Rating 2.9 2.0
Trading Platform Usability 3.4 3.2
Customer Service Ratings 2.9 2.7
Overall Ratings 2.8 2.3
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare IIFL Securities vs AxisDirect on Investment Offerings

Compare IIFL Securities 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) - IIFL Securities provide PMS Service where AxisDirect doesn't offer

Investment Offerings - Compare IIFL Securities with AxisDirect
Investment Offerings Compare IIFL Securities 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 No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare IIFL Securities vs AxisDirect on Order Types

Order Type - Compare IIFL Securities 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) - Both broker don't have Bracket Orders (BO).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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. 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 IIFL Securities with AxisDirect
Order Type Compare IIFL Securities AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IIFL Securities vs AxisDirect on Customer Service

Compare IIFL Securities 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 IIFL Securities with AxisDirect
Customer Service Compare IIFL Securities AxisDirect
24/7 Customer Service IIFL Securities vs AxisDirect - 24x7 customer support Yes No
Email Support IIFL Securities vs AxisDirect - Email Support Yes Yes
Onine Live Chat IIFL Securities vs AxisDirect - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs AxisDirect - Phone Support Yes Yes
Toll Free Number IIFL Securities vs AxisDirect - Toll Free Number Yes Yes
Through Branches IIFL Securities vs AxisDirect - Through Branches Yes Yes
Customer Care Number IIFL Securities vs AxisDirect - Customer Care Number 022-40071000 022-61480808
Account Opening Process IIFL Securities vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email IIFL Securities vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs AxisDirect - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://simplehai.axisdirect.in/learn/overview
Head Office Address IIFL Securities vs AxisDirect - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website IIFL Securities vs AxisDirect - Company Website https://www.indiainfoline.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare IIFL Securities vs AxisDirect on Research Reports, Tips

Compare IIFL Securities with AxisDirect on research reports and tips provided by the broker.

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

Compare IIFL Securities vs AxisDirect on Demat Account

Compare IIFL Securities 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 IIFL Securities is ₹400 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 IIFL Securities with AxisDirect
  IIFL Securities AxisDirect
DP Source CDSL CDSL
DP ID IIFL Securities vs AxisDirect - DP ID 44700 49200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹500 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹10
Demat ₹15 per certificate + ₹40 courier charges ₹3 per certificate
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure Nil ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation Nil Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs AxisDirect on Special Offers and Promotion

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

Compare IIFL Securities vs AxisDirect on Special Offers and Promotion
  IIFL Securities AxisDirect
Pay In and Pay Out Options IIFL Securities vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
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 IIFL Securities vs AxisDirect - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Instant to Axis Bank.
Bank Supported and Charges IIFL Securities vs AxisDirect - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Info Not Available
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Direct from your Axis bank account.
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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 IIFL Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00