AxisDirect Review 2023

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AxisDirect Brokerage Plan, Fees and Charges

Every trader and investor has different requirements. Considering these, Axis Direct has a host of pricing plans to match every client’s expectation from beginners to frequent pro traders.

Axis Direct has 3 brokerage plans; one is fixed brokerage plan, Investment Plus Plan, and the Now or Never Plan. The default pricing plan charges a flat brokerage percentage on trading across segments. However, the Investment Plus Plan and Now or Never Plan require a complimentary delivery turnover of Rs. 3,00,000 and Rs. 12,00,000 and charges a subscription fee of Rs. 1,500 and Rs. 5,555 respectively.

Are you an options trader, access to the Axis Direct Super Options to trade in options at the lowest flat brokerage of Rs. 10 per order.

Check out the Axis Direct Brokerage Charges across different trading segments as follows;

AxisDirect Brokerage Plan with closest competitors

Here we are comparing AxisDirect with its 5 close competitors, who are currently market leader in brokerage industry.

Broker	AxisDirect	5paisa	Zerodha	Upstox	Paytm Money
Service Type	Full Service Broker	Discount Broker	Discount Broker	Discount Broker	Discount Broker
Brokerage Range	0.05% to 0.5%	Rs 20	Rs 20	Rs 20	Rs 20
Account Type	3 in 1	2 in 1	3 in 1	3 in 1	2 in 1
Equity Delivery	0.50% (Each leg)	Flat Fee Rs 20	Free	2.5% or Rs 20 whichever is lower	2.5% or Rs 20 whichever is lower
Equity Intraday	0.05% (Each leg)	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower
Equity Futures	0.05% (Each leg)	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	0.02% or Rs 20 whichever is lower
Equity Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20
Commodity	Futures: 0.03% (Each leg)| Options: Rs. 50 per lot	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Currency Futures	0.05% (Each Leg)	Flat Fee Rs 20	0.03% or Rs 20 whichever is lower	0.05% or Rs 20 whichever is lower	NA
Currency Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p	Flat Fee Rs 20	Flat Fee Rs 20	Flat Fee Rs 20	NA
Rating

Type of Account offered by AxisDirect

Axis Direct is an online trading platform for residents and NRI customers. The full-service broking firm offers the following two types of accounts to different types of customers to trade across multiple asset classes.

Axis Direct 3-in-1 Account

• Open a Trading & Demat account (2-in-1 account) with Axis Direct to trade or invest in all types of asset classes such as stocks, derivatives, commodities, currency, IPO, mutual funds, and bonds. Axis Direct broker allows residents to open a 3-in-1 account by linking to your Axis bank account for easy fund transfer and withdrawal. You can also link the Axis Direct Trading Account to ICICI, HDFC, Yes, and SBI Bank accounts.
• Axis Direct follows an investing philosophy of #simplehai by providing a simple, smarter, and awesome platform to customers.

Axis Direct 4-in-1 NRI Trading Account

• NRI can open an account with Axis Direct. The 4-in-1 NRI Investment account, is an integrated platform of NRI Trading Account, NRI Demat Account, NRI PIS Savings Bank Account (NRE or NRO), or NRI Non-PIS Bank account.
• The combined NRI Trading account allows investment in stocks, equity futures & options, ETFs, IPO, NCD, and mutual funds. NRI clients can trade online on advanced trading platforms, and also get trading tips and research reports for Free!

How to open AxisDirect Account online?

Complete your account opening journey with Axis Direct in just 15 minutes and start hassle-free online trading & investment. Only resident Indians can open a fully-digital and paperless trading & demat account.

Steps to open Axis Direct Demat & Trading Account;

1. Head to the website, and click on the “Open an Account” option.
2. Complete registration by providing your mobile number, name, email, city, etc.
3. Enter the 6-digit OTP (One-time password) to verify.
4. Provide PAN Card number, and Date of birth (DOB) as per PAN to proceed.
5. The system will automatically fetch your KRA KYC
6. Once CKYC is verified, add personal details such as name, and address.
7. Add other info; marital status, gender, father and mother name, education, etc.
8. Enter your bank account details to link it with your trading account.
9. Make a payment of the account opening fee.
10. Upload documents; PAN card, Address proof, cancelled cheque leaf, and a passport size photo.

Note: That’s all! You will receive Axis Direct account login credentials via mail to your registered email address. Use the client ID and password to access any of the trading platforms and start simple & fast online trading & investing journey across all asset classes.

AxisDirect Mobile App and Trading Platforms

Experience the power of technology with robust platforms offered by Axis Direct. In 2021, Axis Direct launched a revolutionary Ring mobile trading app powered by the latest technologies and also provides a Ring Desktop terminal for PC, and a web trading platform. Each of these platforms is available for free to use at zero charges. Let’s have a glance/review of Axis Direct Ring Mobile, Ring PC, and its trading website.

Axis Direct Ring Mobile App

• Ring Mobile App by Axis Direct is built with robust order management and risk management systems. The distinguish feature that makes the Ring Trading App unique from other mobile trading apps is users will find an investment opportunity every 60 seconds!
• Axis Direct Ring App is crafted for both beginners and active traders to trade on BSE, NSE, and MCX. The powerful app is packed with multiple lucrative features including 20+ real-time stock screeners, predefined option strategies, intuitive charts with 90+ technical indicators, investment in IPO and mutual funds, detailed scrip info, and market research calls from experts. Although the app has not received a good rating on the Play Store and the App store, the broker keeps upgrading the app features to make it the best app.

Axis Direct Ring PC| Desktop Trading Terminal

• Axis Direct has a Ring desktop trading software equipped with state-of-the-art trading features. The professional trading technology-powered Ring installable terminal comes with great speed, analytics, and charting features.
• The RING desktop trading platform has 70+ sector-wise watchlists, customized watchlists with upto 100 stocks, Heatmaps, multiple chart comparison features, 90+ advanced indicators and drawing tools, and screeners to scan 5,000+ stocks and over 25,000 contracts, and provides access to daily research reports and trading calls. Passionate high-volume or intraday traders can download the PC on your desktop or laptop and trade in shares, derivatives, commodities, and currency segments.

Axis Direct Web Trading Platform

• Axis Direct has a web platform accessible across desktop, smartphone, or tablet devices. The user-friendly trading website has all the features including multiple filters, watchlists, real-time market indices, stock price movement, latest market news, in-built Smart INVEST & TRADE buttons, and alert & notifications.

For detail review of mobile app and download please visit AxisDirect Trading Platform Review.

AxisDirect Trading Pros

• Open paperless 3-in-1 account (Bank + Demat + Trading).
• One-stop shop to trade on BSE, NSE, and MCX.
• Zero Demat AMC for 1^st 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.

AxisDirect Trading Cons

• 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.

AxisDirect Customer Care info

Axis Direct maintains multiple communication channels including Email, telephonic customer care, webform, and offline branch support. The broker has dedicated customer service for residents and NRI clients. You can call the customer care helpline desk from Monday to Friday from 8:45 AM to 5:30 PM and from 10:00 AM to 1:00 PM on Saturday. It also has over 75 branches to provide offline branch-based customer support. Below are the Axis Direct customer care details;

• AxisDirect Customer Care Phone Number: 022-61480808
• AxisDirect Customer Support Email: [email protected]
• AxisDirect Knowledge Center: https://simplehai.axisdirect.in/learn/overview

Final thought about AxisDirect

Axis Direct is an elite-class full-service stock brokerage firm that allows you to open a 3-in-1 account. The broker is an all-in-one platform to trade and/or invest in stocks, derivatives, commodities, currencies, IPO, mutual funds, insurance, etc. From the easy-to-use online trading platforms to valuable trading & investment tips, quality research, and lowest brokerage options trading, Axis Direct is among the top choice for retailers.

However, if you want to open the lowest brokerage trading account, then you must choose discount brokers like Zerodha, ProStocks, 5paisa, and Espresso Sharekhan.

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