AxisDirect vs Alice Blue Comparison: 2024

About AxisDirect

It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row  2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.

Axis Direct: Overview

The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm  with over 75 branches across India.

In addition to this, Axis direct provides the 3-in-1 account facility which

About Alice Blue

A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.

Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.

Alice Blue: Overview

Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services

AxisDirect vs Alice Blue Account Opening Charges: 2024

ChargeAxisDirectAlice Blue
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹999 (For a 3-in-1 Account)Equity ₹310, MCX ₹200 & ₹500 All segments
Trading Account AMC₹0₹0
Demat Account AMC₹650 per year (free for 1st year)₹400

AxisDirect vs Alice Blue Brokerage Charges and Plans : 2024

ChargeAxisDirectAlice Blue
Plan NameN/AFreedom 15 Plan
Equity Delivery0.50%₹0
Equity Intraday0.05% ₹15 per order or 0.01% whichever is lower
Equity Futures0.05% ₹15 per order or 0.01% whichever is lower
Equity Options₹0.01 or ₹10 per lot₹15 per order
Currency Futures0.05% ₹15 per order or 0.01% whichever is lower
Currency Options₹0.01 or ₹10 per lot₹15 per order
Commodity OptionsFutures: 0.03% and Options: ₹50 per lot Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order
Mutual FundN/AN/A

AxisDirect vs Alice Blue Margin / Exposure: 2024

SegmentAxisDirectAlice Blue
Equity Delivery1xIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity IntradayUpto 10xIntraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x
Equity Future1xIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Equity Options1xIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Currency Future1xIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Currency Options1xIntraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x
Commodity Future3xIntraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x
Commodity Options1xN/A

AxisDirect vs Alice Blue Currency Charges and Plans: 2024

AxisDirect charge 0.05% for Currency Futures and ₹0.01 or ₹10 per lot for Currency Options whereas Alice Blue Charges ₹15 per order or 0.01% whichever is lower for Currency futures and ₹15 per order for Currency options.

AxisDirect vs Alice Blue Commodity Charges and Plans: 2024

AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity and Alice Blue charge Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order for commodity.
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