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IDBI Direct Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of IDBI Direct ranges between 0.02% to 0.20% 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 3,57,390 where number of active customer for IDBI Direct is 55,285. AxisDirect is serving more customer compare to IDBI Direct.

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

  IDBI Direct Compare
IDBI Direct
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? NSE, BSE NSE, BSE
Active Clients 55,285 3,57,390
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 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 IDBI Direct with AxisDirect
Charges IDBI Direct AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 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 IDBI Direct vs AxisDirect on Plan Options

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

Compare IDBI Direct with AxisDirect on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs AxisDirect on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct 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 IDBI Direct with AxisDirect
Brokerage Charges Compare IDBI Direct AxisDirect
Plan Name Flat Brokerage PLan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.50% (Each leg)
Equity Intraday 0.02% 0.05% (Each leg)
Equity Futures Flat Rs 15 per order 0.05% (Each leg)
Equity Options Flat Rs 15 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Rs 15 per order 0.05% (Each Leg)
Currency Options Flat Rs 15 per order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading NA Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Free 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 IDBI Direct Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare IDBI Direct vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with AxisDirect
Transaction Charges Compare IDBI Direct 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 NA
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for axisdirect
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Account Features

Compare IDBI Direct vs AxisDirect on Account Features

Compare IDBI Direct with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, 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 - IDBI Direct with AxisDirect
Account Features Compare IDBI Direct AxisDirect
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, IDBI Direct 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 No 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 IDBI Direct vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with AxisDirect
Trading Platform Compare IDBI Direct AxisDirect
Desktop Trading Platform Infinity 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.idbicapital.com/ https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App 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 IDBI Direct Mobile App Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare IDBI Direct vs AxisDirect on User Rating

  IDBI Direct AxisDirect
  31 Customer Reviews    Rate IDBI Direct 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.0 2.5
Trading Brokerage Rating 2.5 2.0
Trading Platform Usability 2.6 3.2
Customer Service Ratings 2.7 2.7
Overall Ratings 2.7 2.3
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare IDBI Direct vs AxisDirect on Investment Offerings

Compare IDBI Direct 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 - AxisDirect offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with AxisDirect
Investment Offerings Compare IDBI Direct AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs AxisDirect on Order Types

Order Type - Compare IDBI Direct 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) - IDBI Direct 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- 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 IDBI Direct with AxisDirect
Order Type Compare IDBI Direct 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 Yes Yes
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Customer Service Offered

Compare IDBI Direct vs AxisDirect on Customer Service

Compare IDBI Direct 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 IDBI Direct with AxisDirect
Customer Service Compare IDBI Direct AxisDirect
24/7 Customer Service IDBI Direct vs AxisDirect - 24x7 customer support No No
Email Support IDBI Direct vs AxisDirect - Email Support Yes Yes
Onine Live Chat IDBI Direct vs AxisDirect - Onine Live Chat No Yes
Phone Support IDBI Direct vs AxisDirect - Phone Support Yes Yes
Toll Free Number IDBI Direct vs AxisDirect - Toll Free Number Yes Yes
Through Branches IDBI Direct vs AxisDirect - Through Branches Yes Yes
Customer Care Number IDBI Direct vs AxisDirect - Customer Care Number 022-3913 5001 022-61480808
Account Opening Process IDBI Direct vs AxisDirect - Account Opening Process Info Not Available Online
Customer Support Email IDBI Direct vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs AxisDirect - Knowledge Center/Education Info Not Available https://simplehai.axisdirect.in/learn/overview
Head Office Address IDBI Direct 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 IDBI Direct vs AxisDirect - Company Website https://www.idbidirect.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare IDBI Direct vs AxisDirect on Research Reports, Tips

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

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

Compare IDBI Direct vs AxisDirect on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with AxisDirect
  IDBI Direct AxisDirect
DP Source CDSL CDSL
DP ID IDBI Direct vs AxisDirect - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹500 pa
Advance Deposit NO Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹10
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹25
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher ₹25
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs AxisDirect on Special Offers and Promotion

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

Compare IDBI Direct vs AxisDirect on Special Offers and Promotion
  IDBI Direct AxisDirect
Pay In and Pay Out Options IDBI Direct 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 IDBI Direct vs AxisDirect - Payout Time Info Not Available Instant to Axis Bank.
Bank Supported and Charges IDBI Direct vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00