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Marwadi Group Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Marwadi Group offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Marwadi Group ranges between 0.06% to 0.30% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,42,472 where number of active customer for Marwadi Group is 1,23,370. AxisDirect is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Marwadi Group 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 Marwadi Group 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 Marwadi Group 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 Marwadi Group 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 Marwadi Group vs AxisDirect on Service

  Marwadi Group Compare
Marwadi Group
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 1,23,370 3,42,472
Broker Overview Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services. 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 Marwadi Group vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Marwadi Group with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Marwadi Group offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Marwadi Group charges Rs 250 PA AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Marwadi Group with AxisDirect
Charges Marwadi Group AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Marwadi Group vs AxisDirect on Plan Options

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

Compare Marwadi Group with AxisDirect on Plan Options
Plan Types Marwadi Group 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 Marwadi Group vs AxisDirect on Brokerage Charges

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

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 Marwadi Group with AxisDirect
Brokerage Charges Compare Marwadi Group AxisDirect
Plan Name Basic Trading Plan (Percentage Based) Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.50% (Each leg)
Equity Intraday 0.06% 0.05% (Each leg)
Equity Futures 0.02% 0.05% (Each leg)
Equity Options Rs 100 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.02% 0.05% (Each Leg)
Currency Options Rs 100 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Rs 100 Per Lot Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges NA Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges NA 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Marwadi Group Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Marwadi Group vs AxisDirect on Transaction Charges

Compare Marwadi Group with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Marwadi Group with AxisDirect
Transaction Charges Compare Marwadi Group 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 marwadi-group Complete Brokerage Plans for axisdirect
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Account Features

Compare Marwadi Group vs AxisDirect on Account Features

Compare Marwadi Group 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 Marwadi Group offers only 2-in-1 account which includes trading and demat account. Algo Trading - Marwadi Group offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - Marwadi Group with AxisDirect
Account Features Compare Marwadi Group AxisDirect
3 in 1 Account No Marwadi Group have 2-in-1 account. Only Demate and Trading account. Yes, Marwadi Group have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes 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 No Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Marwadi Group vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Marwadi Group 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 Marwadi Group with AxisDirect
Trading Platform Compare Marwadi Group AxisDirect
Desktop Trading Platform Marwadi ODIN Diet Ring
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://mtrade.marwadionline.com/html5/ https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MSFL Connect AxisDirect Ring Mobile App
Mobile Trading App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MSFL Connect Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MSFL Connect Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Info Not Available Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Marwadi Group Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Marwadi Group Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Marwadi Group Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for marwadi-group Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Marwadi Group vs AxisDirect on User Rating

  Marwadi Group AxisDirect
  3 Customer Reviews    Rate Marwadi Group 6 Customer Reviews    Rate AxisDirect
Fees Ratings 2.7 2.5
Trading Brokerage Rating 2.3 2.0
Trading Platform Usability 2.0 3.2
Customer Service Ratings 2.3 2.7
Overall Ratings 2.7 2.3
Broker Rating Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Marwadi Group vs AxisDirect on Investment Offerings

Compare Marwadi Group 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 Marwadi Group with AxisDirect
Investment Offerings Compare Marwadi Group AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No 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 No Yes
PMS Service No No
Other Investment Options Life & General Insurance NIL
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Order Types

Compare Marwadi Group vs AxisDirect on Order Types

Order Type - Compare Marwadi Group 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) - AxisDirect provides Cover Orders (CO) where Marwadi Group doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a 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- AxisDirect offers Good Till Cancelled (GTC) orders where Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

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

Compare Marwadi Group vs AxisDirect on Customer Service

Compare Marwadi Group 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 Marwadi Group with AxisDirect
Customer Service Compare Marwadi Group AxisDirect
24/7 Customer Service Marwadi Group vs AxisDirect - 24x7 customer support No No
Email Support Marwadi Group vs AxisDirect - Email Support Yes Yes
Onine Live Chat Marwadi Group vs AxisDirect - Onine Live Chat No Yes
Phone Support Marwadi Group vs AxisDirect - Phone Support Yes Yes
Toll Free Number Marwadi Group vs AxisDirect - Toll Free Number No Yes
Through Branches Marwadi Group vs AxisDirect - Through Branches Yes Yes
Customer Care Number Marwadi Group vs AxisDirect - Customer Care Number +91-281-6192000/+91-281-7174000 022-61480808
Account Opening Process Marwadi Group vs AxisDirect - Account Opening Process Info Not Available Online
Customer Support Email Marwadi Group vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Marwadi Group vs AxisDirect - Knowledge Center/Education https://www.marwadionline.com/blog/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Marwadi Group vs AxisDirect - Head Office Address/Corporate Address Info Not Available Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Marwadi Group vs AxisDirect - Company Website https://www.marwadionline.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Marwadi Group vs AxisDirect on Research Reports, Tips

Compare Marwadi Group with AxisDirect on research reports and tips provided by the broker.

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

Compare Marwadi Group vs AxisDirect on Demat Account

Compare Marwadi Group 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 Marwadi Group is ₹250 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 Marwadi Group is ₹25 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 Marwadi Group with AxisDirect
  Marwadi Group AxisDirect
DP Source CDSL CDSL
DP ID Marwadi Group vs AxisDirect - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) ₹250 pa ₹500 pa
Advance Deposit NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹10
Demat ₹3 per certificate ₹3 per certificate
Remat ₹25 per certificate ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹20 ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹25 Nil
Failed Instruction Charges ₹15 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Marwadi Group vs AxisDirect on Special Offers and Promotion

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

Compare Marwadi Group vs AxisDirect on Special Offers and Promotion
  Marwadi Group AxisDirect
Pay In and Pay Out Options Marwadi Group vs AxisDirect - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Marwadi Group vs AxisDirect - Payout Time Info Not Available Instant to Axis Bank.
Bank Supported and Charges Marwadi Group vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
Likes
  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

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
  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

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 2024-02-22T01:26:32+00:00