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Finvasia Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Finvasia offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Finvasia is a Discount Broker where AxisDirect is a Full Service Broker. Finvasia is having overall higher rating compare to AxisDirect. Finvasia is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for AxisDirect is 3,63,904 where number of active customer for Finvasia is 1,13,306. AxisDirect is serving more customer compare to Finvasia.

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

  Finvasia Compare
Finvasia
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? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1,13,306 3,63,904
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia 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 Finvasia vs AxisDirect on Trading & Demat Account Opening Charges

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

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

Compare Finvasia vs AxisDirect on Plan Options

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

Compare Finvasia with AxisDirect on Plan Options
Plan Types Finvasia 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 Finvasia vs AxisDirect on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

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 Finvasia with AxisDirect
Brokerage Charges Compare Finvasia AxisDirect
Plan Name Zero Brokerage Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Rs 0 0.50% (Each leg)
Equity Intraday Rs 0 0.05% (Each leg)
Equity Futures Rs 0 0.05% (Each leg)
Equity Options Rs 0 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 0 0.05% (Each Leg)
Currency Options Rs 0 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Rs 0 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA NIL
Hidden Charges No No
Funding Yes, 24% interest PA Yes - 18% interest PA
Call & Trade Charges Free Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Free 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Finvasia vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Finvasia with AxisDirect
Transaction Charges Compare Finvasia 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 finvasia Complete Brokerage Plans for axisdirect
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Account Features

Compare Finvasia vs AxisDirect on Account Features

Compare Finvasia 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 Finvasia offers only 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - AxisDirect offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Finvasia vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia 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 Finvasia with AxisDirect
Trading Platform Compare Finvasia AxisDirect
Desktop Trading Platform OMNESYS NEST 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://trade.finvasia.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 SCALPERT AxisDirect Ring Mobile App
Mobile Trading App Demo SCALPERT Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Finvasia vs AxisDirect on User Rating

  Finvasia AxisDirect
  17 Customer Reviews    Rate Finvasia 6 Customer Reviews    Rate AxisDirect
Fees Ratings 4.3 2.5
Trading Brokerage Rating 4.6 2.0
Trading Platform Usability 4.0 3.2
Customer Service Ratings 3.5 2.7
Overall Ratings 4.2 2.3
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Finvasia vs AxisDirect on Investment Offerings

Compare Finvasia 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 Finvasia with AxisDirect
Investment Offerings Compare Finvasia 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 No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs AxisDirect on Order Types

Order Type - Compare Finvasia 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) - Finvasia 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)- 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 Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with AxisDirect
Order Type Compare Finvasia 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 Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Finvasia vs AxisDirect on Customer Service

Compare Finvasia 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 Finvasia with AxisDirect
Customer Service Compare Finvasia AxisDirect
24/7 Customer Service Finvasia vs AxisDirect - 24x7 customer support No No
Email Support Finvasia vs AxisDirect - Email Support Yes Yes
Onine Live Chat Finvasia vs AxisDirect - Onine Live Chat Yes Yes
Phone Support Finvasia vs AxisDirect - Phone Support Yes Yes
Toll Free Number Finvasia vs AxisDirect - Toll Free Number No Yes
Through Branches Finvasia vs AxisDirect - Through Branches No Yes
Customer Care Number Finvasia vs AxisDirect - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 022-61480808
Account Opening Process Finvasia vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Finvasia vs AxisDirect - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs AxisDirect - Knowledge Center/Education https://finvasia.com/announcements https://simplehai.axisdirect.in/learn/overview
Head Office Address Finvasia vs AxisDirect - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Finvasia vs AxisDirect - Company Website https://www.finvasia.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Finvasia vs AxisDirect on Research Reports, Tips

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

Research Reports - Compare Finvasia with AxisDirect
  Finvasia AxisDirect
Research Mutual Funds Finvasia vs AxisDirect - Research Mutual Funds No Yes
Research Equity Reports Finvasia vs AxisDirect - Research Equity Reports No Yes
Research ETF Finvasia vs AxisDirect - Research ETF No Yes
Daily Market Report Finvasia vs AxisDirect - Daily Market Report No Yes
Free Tips Finvasia vs AxisDirect - Free Tips No Yes
Quarterly Result Analysis Finvasia vs AxisDirect - Quarterly Results No Yes
News Alerts Finvasia vs AxisDirect - No Yes
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Demat Account

Compare Finvasia vs AxisDirect on Demat Account

Compare Finvasia 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 Finvasia is Free where for AxisDirect is ₹500 pa. Finvasia is a better choice in terms of Demat AMC compare to AxisDirect.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction 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 Finvasia with AxisDirect
  Finvasia AxisDirect
DP Source CDSL CDSL
DP ID Finvasia vs AxisDirect - DP ID 84300 49200
Demat Account Annual Maintenance Charges(AMC) Free ₹500 pa
Advance Deposit Rs 0 Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹10
Demat ₹15 per certificate ₹3 per certificate
Remat ₹15 for every hundred securities + CDSL Charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹25 per transaction ₹25
Pledge Creation Confirmation NIL ₹25
Pledge Closure ₹25 per transaction ₹25
Pledge Closure Confirmation NIL ₹25
Pledge Invocation ₹19 per transaction Nil
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs AxisDirect on Special Offers and Promotion

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

Compare Finvasia vs AxisDirect on Special Offers and Promotion
  Finvasia AxisDirect
Pay In and Pay Out Options Finvasia vs AxisDirect - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Finvasia vs AxisDirect - Payout Time Up to 24 hrs except for bank holidays. Instant to Axis Bank.
Bank Supported and Charges Finvasia vs AxisDirect - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Info Not Available
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Direct from your Axis bank account.
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No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP 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

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

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 Free Account Opening+Free Demat AMC+Free Trading. 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 2023-09-05T02:25:49+00:00