AxisDirect vs Angel Broking 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 Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
AxisDirect vs Angel Broking Account Opening Charges: 2024
| Charge | AxisDirect | Angel Broking |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹600 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹450 (from 2nd year onwards) |
AxisDirect vs Angel Broking Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Angel Broking |
|---|---|---|
| Plan Name | N/A | iTrade Prime |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | Flat ₹20 per executed order |
| Equity Futures | 0.05% | Flat ₹20 per executed order |
| Equity Options | ₹0.01 or ₹10 per lot | Flat ₹20 per executed order |
| Currency Futures | 0.05% | Flat ₹20 per executed order |
| Currency Options | ₹0.01 or ₹10 per lot | Flat ₹20 per executed order |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | Flat ₹20 per executed order |
| Mutual Fund | N/A | N/A |
AxisDirect vs Angel Broking Margin / Exposure: 2024
| Segment | AxisDirect | Angel Broking |
|---|---|---|
| Equity Delivery | 1x | Upto 3x |
| Equity Intraday | Upto 10x | Upto 10x |
| Equity Future | 1x | Upto 4x |
| Equity Options | 1x | 3x for shorting |
| Currency Future | 1x | Upto 2x |
| Currency Options | 1x | Upto 5x for shorting |
| Commodity Future | 3x | 3x |
| Commodity Options | 1x | N/A |