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Indira Securities Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Indira Securities offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Indira Securities ranges between 0.01% to 0.10% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Indira Securities is having overall higher rating compare to AxisDirect. Indira Securities 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 Indira Securities is 8,801. AxisDirect is serving more customer compare to Indira Securities.

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

  Indira Securities Compare
Indira Securities
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, MCX NSE, BSE
Active Clients 8,801 3,63,904
Broker Overview Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the... Know more about Indira Securities 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 Indira Securities vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Indira Securities with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Indira Securities offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Indira Securities 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 Indira Securities with AxisDirect
Charges Indira Securities AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs AxisDirect on Plan Options

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

Compare Indira Securities with AxisDirect on Plan Options
Plan Types Indira Securities 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 Indira Securities vs AxisDirect on Brokerage Charges

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

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 Indira Securities with AxisDirect
Brokerage Charges Compare Indira Securities AxisDirect
Plan Name Traditional Brokerage Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.10% 0.50% (Each leg)
Equity Intraday 0.01% 0.05% (Each leg)
Equity Futures 0.01% 0.05% (Each leg)
Equity Options Rs. 25 per lot (both side) Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Fee Rs 20 0.05% (Each Leg)
Currency Options Futures: 0.01%|Options: Rs. 25 per lot (both side) Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Futures: 0.01%|Options: Rs. 25 per lot (both side) Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA NIL
Hidden Charges Info Not Available No
Funding Yes - 18% 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 Indira Securities Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Indira Securities vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Indira Securities with AxisDirect
Transaction Charges Compare Indira Securities 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| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for indira-securities Complete Brokerage Plans for axisdirect
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Account Features

Compare Indira Securities vs AxisDirect on Account Features

Compare Indira Securities 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 Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities 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 - Both broker provides NRI Trading facility.

Account Features - Indira Securities with AxisDirect
Account Features Compare Indira Securities AxisDirect
3 in 1 Account No Indira Securities have 2-in-1 account. Only Demate and Trading account. Yes, Indira Securities 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 3:15 PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Indira Securities vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Indira Securities 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 Indira Securities with AxisDirect
Trading Platform Compare Indira Securities AxisDirect
Desktop Trading Platform ODIN Diet Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TradeInsta AxisDirect Ring Mobile App
Mobile Trading App Demo TradeInsta Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TradeInsta 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 Indira Securities Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Indira Securities Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Indira Securities Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for indira-securities Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Indira Securities vs AxisDirect on User Rating

  Indira Securities AxisDirect
  1 Customer Reviews    Rate Indira Securities 6 Customer Reviews    Rate AxisDirect
Fees Ratings 2.0 2.5
Trading Brokerage Rating 4.0 2.0
Trading Platform Usability 2.0 3.2
Customer Service Ratings 2.0 2.7
Overall Ratings 3.0 2.3
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Indira Securities vs AxisDirect on Investment Offerings

Compare Indira Securities 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 Indira Securities with AxisDirect
Investment Offerings Compare Indira Securities 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 No 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 NIL NIL
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Order Types

Compare Indira Securities vs AxisDirect on Order Types

Order Type - Compare Indira Securities 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) - Indira Securities 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 Indira Securities with AxisDirect
Order Type Compare Indira Securities 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 Indira Securities vs AxisDirect on Customer Service

Compare Indira Securities 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 Indira Securities with AxisDirect
Customer Service Compare Indira Securities AxisDirect
24/7 Customer Service Indira Securities vs AxisDirect - 24x7 customer support Yes No
Email Support Indira Securities vs AxisDirect - Email Support Yes Yes
Onine Live Chat Indira Securities vs AxisDirect - Onine Live Chat Yes Yes
Phone Support Indira Securities vs AxisDirect - Phone Support Yes Yes
Toll Free Number Indira Securities vs AxisDirect - Toll Free Number Yes Yes
Through Branches Indira Securities vs AxisDirect - Through Branches Yes Yes
Customer Care Number Indira Securities vs AxisDirect - Customer Care Number +91-(0)731-4797105/115/146 022-61480808
Account Opening Process Indira Securities vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Indira Securities vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Indira Securities vs AxisDirect - Knowledge Center/Education https://www.indiratrade.com/blog https://simplehai.axisdirect.in/learn/overview
Head Office Address Indira Securities vs AxisDirect - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Indira Securities vs AxisDirect - Company Website https://www.indiratrade.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Indira Securities vs AxisDirect on Research Reports, Tips

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

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

Compare Indira Securities vs AxisDirect on Demat Account

Compare Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards).

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 Indira Securities is ₹20 or 0.02% whichever is higher 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 Indira Securities with AxisDirect
  Indira Securities AxisDirect
DP Source CDSL CDSL
DP ID Indira Securities vs AxisDirect - DP ID 752000 49200
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) ₹500 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹20 or 0.02% whichever is higher ₹10
Demat ₹5 per certificate + ₹35 courier charges ₹3 per certificate
Remat ₹50 per RRN ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹50 ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹50 or 0.02% whichever is higher Nil
Failed Instruction Charges ₹25 Nil
Other Charges Book Charges ₹20,POA Charges ₹130 Nil
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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs AxisDirect on Special Offers and Promotion

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

Compare Indira Securities vs AxisDirect on Special Offers and Promotion
  Indira Securities AxisDirect
Pay In and Pay Out Options Indira Securities vs AxisDirect - Pay In and Pay Out Options

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

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 Indira Securities vs AxisDirect - Payout Time

Max 24 hrs except bank holidays

Instant to Axis Bank.
Bank Supported and Charges Indira Securities vs AxisDirect - Bank Supported and Charges

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Info Not Available
Bank Detail HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Direct from your Axis bank account.
Likes
  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • 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
  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

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 Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order. 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 2023-09-14T06:48:55+00:00