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HDFC Sky Vs Alice Blue Vs AxisDirect: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker HDFC Sky and Alice Blue are a discount brokers where AxisDirect is a full service broker. Overall rating for HDFC Sky is 4, Alice Blue is rated 4, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of HDFC Sky vs Alice Blue vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared HDFC Sky vs Alice Blue vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better HDFC Sky vs Alice Blue vs AxisDirect in this setion with 360 degree view of broker information.

Compare HDFC Sky vs Alice Blue vs AxisDirect on Service

  HDFC Sky Compare
HDFC Sky
Alice Blue Compare
Alice Blue
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Full Service Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE
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 Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. 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 Alice Blue Request call back from Zerodha
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Account Opening Charges and AMC

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

In this section we have compared HDFC Sky vs Alice Blue vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky and Alice Blue offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Alice Blue charges Rs 400 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 HDFC Sky vs Alice Blue vs AxisDirect
Charges HDFC Sky Alice Blue AxisDirect
Trading Account Opening Fees Free Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 400 PA Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Alice Blue vs AxisDirect on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs Alice Blue vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue and AxisDirect offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Zerodha Alice Blue Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Alice Blue vs AxisDirecton 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.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 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 HDFC Sky vs Alice Blue vs AxisDirect
Brokerage Charges Compare HDFC Sky Alice Blue AxisDirect
Plan Name Fixed pricing model F15 Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.1% or Rs 20 whichever is lower Free 0.50% (Each leg)
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower 0.05% (Each leg)
Equity Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower 0.05% (Each Leg)
Currency Options Flat Fee Rs 20 Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA
Hidden Charges No No
Funding Yes - 12% interest PA Yes - 24% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call Rs 50 per order + GST Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 per order + GST 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Alice Blue Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare HDFC Sky vs Alice Blue vs AxisDirect on Transaction Charges

Compare HDFC Sky vs Alice Blue vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky vs Alice Blue vs AxisDirect
Transaction Charges Compare HDFC Sky Alice Blue AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for alice-blue Complete Brokerage Plans for axisdirect
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Account Features

Compare HDFC Sky vs Alice Blue vs AxisDirect on Account Features

Compare HDFC Sky vs Alice Blue vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky and AxisDirect offers 3-in-1 Account where Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky and AxisDirect offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

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

Compare HDFC Sky vs Alice Blue vs AxisDirecton Trading Platform

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

Trading Platform - Compare HDFC Sky vs Alice Blue vs AxisDirect
Trading Platform Compare HDFC Sky Alice Blue AxisDirect
Desktop Trading Platform HDFC Sky ANT - Analyse and Trade Ring
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://hdfcsky.com/

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App HDFC Sky App ANT Mobile AxisDirect Ring Mobile App
Mobile Trading App Demo HDFC Sky App Demo ANT Mobile Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod ANT Mobile Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download iOS HDFC Sky App Download iOS ANT Mobile Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free 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 Alice Blue Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for alice-blue Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare HDFC Sky vs Alice Blue vs AxisDirect on User Rating

  HDFC Sky Alice Blue AxisDirect
  97 Customer Reviews    Rate HDFC Sky 8 Customer Reviews    Rate Alice Blue 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare HDFC Sky vs Alice Blue vs AxisDirect on Investment Offerings

Compare HDFC Sky vs Alice Blue vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

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

Compare HDFC Sky vs Alice Blue vs AxisDirect on Order Types

Order Type - Compare HDFC Sky vs Alice Blue vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - HDFC Sky and Alice Blue provides Bracket Orders (BO) facility where AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - Alice Blue and AxisDirect AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and AxisDirect offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.

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

Compare HDFC Sky vs Alice Blue vs AxisDirect on Customer Service

Compare HDFC Sky vs Alice Blue vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare HDFC Sky vs Alice Blue vs AxisDirect
Customer Service Compare HDFC Sky Alice Blue AxisDirect
24/7 Customer Service No No No
Email Support Yes No Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No Yes
Through Branches Yes Yes Yes
Customer Care Number 1800 121 2109 08035215000/080-45490850 022-61480808
Account Opening Process Online Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://hdfcsky.com/learn https://tradeschool.aliceblueonline.com/ https://simplehai.axisdirect.in/learn/overview
Head Office Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://hdfcsky.com/ https://www.aliceblueonline.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare HDFC Sky vs Alice Blue vs AxisDirect on Research Reports, Tips

Compare HDFC Sky vs Alice Blue vs AxisDirect on research reports and tips provided by broker.

Research Reports - Compare HDFC Sky vs Alice Blue vs AxisDirect
  HDFC Sky Alice Blue AxisDirect
Research Mutual Funds Yes No Yes
Research Equity Reports Yes No Yes
Research ETF Yes No Yes
Daily Market Report Yes Yes Yes
Free Tips Yes No Yes
Quarterly Result Analysis Yes No Yes
News Alerts Yes No Yes
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Demat Account

Compare HDFC Sky vs Alice Blue vs AxisDirect on Demat Account

Compare HDFC Sky vs Alice Blue vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky vs Alice Blue vs AxisDirect
  HDFC Sky Alice Blue AxisDirect
DP Source CDSL CDSL CDSL
DP ID CDSL: 1209 83500 49200
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹400 pa ₹500 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Rs 0 Nil
Statutory charges Nil Rs 150 Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.04% of the value of the transaction ₹10
Demat ₹5 per certificate + ₹35 request charges ₹10 per certificate + ₹50 courier charges ₹3 per certificate
Remat ₹30 ₹30 per certificate + CDSL charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation Nil ₹20 + CDSL charges ₹25
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil ₹25
Pledge Closure Nil ₹20 + CDSL charges ₹25
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil ₹25
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹20 + CDSL charges Nil
Failed Instruction Charges Nil Nil Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Alice Blue vs AxisDirect on Special Offers and Promotion

Compare HDFC Sky vs Alice Blue vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs Alice Blue vs AxisDirect on Special Offers and Promotion
  HDFC Sky Alice Blue 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
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 Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Info Not Available Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. NA
Bank Detail Direct from your HDFC bank account. Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
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...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

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.
Enquire for HDFC Sky Enquire for Alice Blue Enquire for AxisDirect

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