AxisDirect Review
| Why Open Account with Axis Direct? | |
| 1 | It is a 3-in-1 account enabling seamless transfer of funds |
| 2 | Research and reports are considered to be elaborate and good. |
| 3 | The trading terminal is very quick and high performance one |
| 4 | They conduct live chat between experts and customer wherein customers can get their queries about market answered |
 |
|
| Disadvantages of Axis Direct | |
| 1 | Higher charges for brokerage, account opening and even Annual Maintenance Charges |
| 2 | Exposure (Margin) provided is very less |
| 3 | No support for commodity segment |
| 4 | The trading terminal is not free. A nominal fees is levied every month (Web and mobile app are free) |
In this Axisdirect review, I will talk about their background, brokerage charges, trading platforms and any other charges associated with the account.
About AxisDirect:
Axis Direct is a full service stock broker established in year 2005 by its parent company Axis Bank.
It has more than 75 branches across India and being the brokerage arm of a leading bank, customer acquisition was not a big issue for them.
One more advantage is, the account with them will be a 3-in-1 account. With this type of account, the fund transfer between the trading account and bank account will be seamless.
The broker has the membership with stock exchanges like NSE, BSE, MCX-SX and MSEI. It offer services across multiple segments such as,
- Equity
- Derivatives
- Currency
- Mutual Funds
- Bonds
- ETFs
AxisDirect Brokerage Charges:
The brokerage charges of AxisDirect is on higher side. Below table has the details of the commission charged by them
Minimum brokerage amount charged by is Rs 20 per executed order or 2.5% of the trade value whichever is lower.
AxisDirect Trading Platforms:
The banking based stock broker offers various trading platforms. Each one is targeted to suit different kind of customers based upon their trading /investment styles.
Let us look into each one of them and understand what are the features of them,
AxisDirect Swift Trade:
This platform is browser based hence does not require any installation in your system. So you can access the market and your account from anywhere like from cybercafe etc.
Some of the salient features of this platform are;
- Customization of dashboard and screen
- Shortcut keys for quick placement of orders
- Research reports and recommendations
- Possible to have multiple marketwatch
AxisDirect Trade:
This is a installable software and can be downloaded from their website. This needs to be installed in your desktop/laptop. It is faster than the web based platform and hence preferred by day traders who want to place quick orders.
Some of the features of this platform are;
- Trading tutorials and videos available in the platform itself
- Possible to generate alerts based on the price targets
- Neat and clear user interface and easy navigation
- Market reports, news and rates are available within the platform.
AxisDirect Mobile App:
Their mobile app comes with lot of features. It can be downloaded from playstores for Android users.
Major features of this mobile app are;
- Realtime streaming of quotes
- Possible to track the portfolio
- Customers can create multiple watchlists
- Intraday charts with minute tick is made available
- Market orders can be placed during non-market hours
AxisDirect Contact Details:
Registered Office:
Unit no 2, Phoenix Market City,
15, LBS Road, Near Kamani Junction
Kurla (West)
Mumbai – 400070
AxisDirect Pros and Cons:
Disadvantages of Axisdirect:
- Higher charges for brokerage, account opening and even Annual Maintenance Charges
- Exposure (Margin) provided is very less
- No support for commodity segment
- The trading terminal is not free. A nominal fees is levied every month (Web and mobile app are free)
Advantages of Axisdirect:
- It is a 3-in-1 account enabling seamless transfer of funds
- Offers multiple trading and investment products.
- Research and reports are considered to be elaborate and good.
- The trading terminal is very quick and high performance one
AxisDirect Review – Conclusion:
AxisDirect is a reputed Indian broker backed by a reputed Bank and hence it can be relied upon. However the brokerage charges are very high and does not suit the one who wish to save on commission.
Their research reports are also good and quality of customer service is also reasonable.
All in all, if you are willing to shell out some extra bucks on the brand name, you can consider Axisdirect.
You May be Also Intereseted In :