Compare 3 Brokers

Indira Securities Vs AxisDirect: Which one is better?

The brokerage of Indira Securities ranges between Rs 20 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.

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? BSE, NSE, MCX BSE, NSE
Active Clients 4,60,945
Broker Overview Indira Securities, one of the best brokerage houses with the cheapest brokerage offering a free Indira Securities 2-in-1 account, highly advanced trading platforms like TradeInsta mobile app, free research and advisory, and excellent customer service... Know more about Indira Securities Since its inception in 2005, Axis Securities Limited aims to become a leading player in the Retail Broking Industry. The Broker is engaged in the business of marketing and selling of financial products of the Axis Bank Limited. The broker offers a si...Know more about AxisDirect
Broker Enquiry Open an Online Trading Account with Indira Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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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 450 PA (2nd Year Onward) AMC for Demat account where AxisDirect charges Rs 750 PA (Waived 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 Rs 650
Demat AMC Rs 450 PA (2nd Year Onward) Rs 750 PA (Waived 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 - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. 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 Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Indira Securities AxisDirect
Account Opening Request
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Brokerage Charges

Compare Indira Securities vs AxisDirect on Brokerage Charges

Indira Securities Brokerage Plan detail - IndiraTrade have both the plans for its client, discount brokerage plan is a flat fee of Rs 20 per executed order plan for Equity Cash, Equity F&O, Currency & Commodities.

AxisDirect Brokerage Plan detail - Fixed Plan Brokerage is simple and easy to understand. Axis Direct is right in line with its closest full-service competitors. Its .50% for equity trades is slightly less expensive than ICICI (.55%) while same as Kotak, HDFC and SBI (.50%).

Brokerage Charges - Compare Indira Securities with AxisDirect
Brokerage Charges Compare Indira Securities AxisDirect
Plan Name Flat Fee Rs 20 Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 20 0.5% or 50 paisa
Equity Intraday Flat Fee Rs 20 0.05% or 5 paisa
Equity Futures Flat Fee Rs 20 0.05% or 5 paisa
Equity Options Flat Fee Rs 20 Rs 10 Per Lot
Currency Futures Flat Fee Rs 20 0.05% or 5 paisa
Currency Options Flat Fee Rs 20 Rs 20 Per Lot
Commodity Trading Flat Fee Rs 20 Futures - .03 or 3 paisa, 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 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for AxisDirect
SPAN Margin Calculator SPAN Margin Calculator for Indira Securities SPAN Margin 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 Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 120 Per Cr Rs 100 Per Cr
Currency Options Rs 500 Per Cr Rs 4000 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 DIRECTTrade
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 Mobile
Mobile Trading App Demo TradeInsta Demo AxisDirect Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod AxisDirect Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TradeInsta Download iOS AxisDirect Mobile 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
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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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 Rated 3.0 stars Rated 2.3 stars
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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Margin/Leverage

Compare Indira Securities vs AxisDirect on Margin/Leverage

Compare Indira Securities with AxisDirect on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Indira Securities with AxisDirect
Margin Product Compare Indira Securities AxisDirect
Equity Delivery Margin Indira Securities vs AxisDirect - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Upto 4x via Margin Funding for T+30 days
Equity Intraday Margin Indira Securities vs AxisDirect - Equity Intraday Margin Up to 3x to 10x leverage for equity MIS orders. Up to 10x or 10% subject to Var and ELM.
Futures Margin Indira Securities vs AxisDirect - Futures Margin Up to 4x leverage for Stocks. 1x means actual SPAN + Exposure.
Options Margin Indira Securities vs AxisDirect - Options Margin Up to 3x exposure for Options shorting, No leverage for Options Buying. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Indira Securities vs AxisDirect - Equity CO Margin Info Not Available Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.
Futures CO Margin Indira Securities vs AxisDirect - Futures CO Margin Info Not Available 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin Indira Securities vs AxisDirect - Options CO Margin Info Not Available 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin Indira Securities vs AxisDirect - Commodity Margin Up to 4x leverage for MCX futures. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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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 022-66224202,204 022-61480808
Account Opening Process Indira Securities vs AxisDirect - Account Opening Process Online/Paperless Offline
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.inspireeducation.co/ 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. 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

Detail Review...

Detail Review...

Dislikes
  • 3-in-1 account is not available with the broker.
  • Clients based in MP and Rajasthan can't access IndiraTrade fixed brokerage plan
  • No NRI provisioning means NRI can't open an account with IndiraTrade.
  • Although BO and CO are available for both the equity and commodity segment but only on the web platform and not available on the TradeInsta mobile app

Detail Review...

  • Pay for software usage.
  • Discount plan has minimum balance requirements.

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 Enquire about Indira Securities Enquire about AxisDirect

Last Updated on 2020-12-07T11:46:14+00:00


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