In this page, I am providing side by side comparison of AxisDirect Vs ICICI Direct.
AxisDirect is a brokerage arm of Axisbank and ICICI Direct is of ICICI bank. So both provide 3-in-1 demat account as they are promoted by banks. 3-in1 demat account enables seamless transfer of funds within the accounts. But usually brokerage charges of banks are on higher side.
Both of them provide many services to thier clients. They offer research and recommendation to their customers.
But still there are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of Axis Direct Vs ICICI Direct:
Parameters | Axis Direct | ICICI Direct |
Review | ||
Type of Broker |
Full Service Broker |
Full Service Broker |
Incorporation Year | 2006 | 2000 |
Supported Exchanges | NSE, BSE, MSEI and MCX | NSE & BSE |
Account Related Charges |
||
Trading Account Opening Fees | Rs 999 | Rs 0 |
Trading Account AMC | Rs 0 | Rs 0 |
Demat Account Opening Fees | Rs 420 | Rs 975 |
Demat Account AMC | Rs 650 | Rs 600 |
Brokerage Charges |
||
Equity Delivery Brokerage | 0.3% | 0.55% |
Equity Intraday Brokerage | 0.05% | 0.275% |
Equity Futures Brokerage | 0.05% | 0.03% to 0.05% |
Equity Options Brokerage | Rs 100/lot | Rs 35/lot to Rs 95/lot |
Currency Futures Trading Brokerage | 0.05% | 0.03% to 0,05% |
Currency Options Trading Brokerage | Rs 100/lot | Rs 10/lot to Rs 25/lot |
Commodity Trading Brokerage | NA | NA |
Minimum Brokerage Charges | Rs 20 per trade or 2.5% whichever is lower | Rs 35 per trade |
Monthly Unlimited Plans | ||
Brokerage Calculator | Axis Direct Calculator | ICICI Direct Calculator |
Transaction Charges |
||
Equity Delivery | 0.00325% | 0.0031% |
Equity Intraday | 0.00325% | 0.0031% |
Equity Futures | 0.00190% | 0.00180% |
Equity Options | 0.050% (On Premium) | 0.050% (On Premium) |
Currency Futures | 0.00190% | 0.00120% |
Currency Options | 0.050% (On Premium) | 0.050% (On Premium) |
Commodity | NA | NA |
Exposure |
||
Equity | Upto 10 times Intraday and No Leverage for Delivery | Upto 25 times Intraday and 5 times Delivery |
Equity Futures | No Leverage | Upto 4 times Intraday |
Equity Options | No leverage | Upto 4 times Intraday |
Currency Futures | No Leverage | Upto 4 times Intraday |
Currency Options | No leverage | Upto 4 times Intraday |
Commodities | NA | NA |
Features |
||
3 in 1 Account | ||
Mobile Trading | ||
Charting | ||
Automated Trading | ||
After Trading Hour Orders | ||
SMS Alerts | ||
Margin Funding | ||
Trading Platform | Axis SwiftTrade, AxisDirect Trade, Mobile Trade | ICICI Direct Trade Racer ( Desktop & Web), ICICI Direct Mobile App |
Investment Services |
||
Stock / Equity | ||
Commodity | ||
Currency | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Customer Service Channels |
||
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Support Through Branches | ||
Relationship Managers | ||
Research Reports/Tips/Recommendations |
||
Daily Market Report | ||
Tips/Recommendations | ||
Quarterly Result Analysis | ||
News Alerts | ||
Robo Advisory | ||
Promotional Offers |
||
|
|
|
And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of Axis Direct with other Brokers:
AxisDirect in comparison with other Stock Brokers |
||
Point By Point Comparison of ICICI Direct with other Brokers:
ICICI Direct in comparison with other Stock Brokers |
||