Axis direct is a brokerage subsidiary of AXIS Bank. It is a full service broker and provide all the services including Equity trading, F&O trading, Commodity trading, Mutual Funds and IPO. They provide the service of 3-1 account which means that when you open your trading account with them, they will also open the bank account and Demat Account. And if you have all the three account with one firm, you can be assured that they would be seamless integration between the 3 accounts.
Axis Direct also provides good technical tools like scanners and technical charting which make sure that you can make a informed decision before buying the stock.
The brokerage charges for AXIS Direct are as follows :
The account opening charges is Rs 999, which will include opening of Demat account, Bank account and Trading account.
They provide two types of brokerage plans
|Product Segment||Brokerage||Brokerage Basis|
|Cash, E-Margin||0.50%||% of turnover|
|Encash||1.00%||% of turnover|
|Intraday,Cover,Futures, Intraday Futures||0.05%||% of turnover|
|Options||100||Rs per lot|
|Product Segment||Monthly Turnover
|Equity ( Cash) , EMargin||0-300,000||0.60%|
|20,000,001 and above||0.20%|
|Intraday,Cover,Futures, Intraday Futures(Currency,Equity,Index)||0-50,000,000||0.05%|
|200,000,001 and above||0.03%|
Rs per lot
|2,000,001 and above||Rs.65|
There brokerage structure is comparable to what other full service brokers charges. But before deciding on the broker, make sure that you understand what your need is and whether Full service broker and Discount brokers in the right choice for you.
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