Edelweiss vs AxisDirect Comparison: 2024

About Edelweiss

Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.

Edelweiss Broking Ltd: An Overview

Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that

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

Edelweiss vs AxisDirect Account Opening Charges: 2024

ChargeEdelweissAxisDirect
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹999 (For a 3-in-1 Account)
Trading Account AMC₹0₹0
Demat Account AMC₹500 p.a. (For 1st year: Free)₹650 per year (free for 1st year)

Edelweiss vs AxisDirect Brokerage Charges and Plans : 2024

ChargeEdelweissAxisDirect
Plan NameLite PlanN/A
Equity Delivery₹10 per executed order0.50%
Equity Intraday₹10 per executed order0.05%
Equity Futures₹10 per executed order0.05%
Equity Options₹10 per executed order₹0.01 or ₹10 per lot
Currency Futures₹10 per executed order0.05%
Currency Options₹10 per executed order₹0.01 or ₹10 per lot
Commodity OptionsN/AFutures: 0.03% and Options: ₹50 per lot
Mutual FundN/AN/A

Edelweiss vs AxisDirect Margin / Exposure: 2024

SegmentEdelweissAxisDirect
Equity DeliveryUpto 10x1x
Equity IntradayUpto 40xUpto 10x
Equity Future40x1x
Equity OptionsNil1x
Currency Future1.5x1x
Currency OptionsNil1x
Commodity FutureUpto 6x3x
Commodity OptionsN/A1x

Edelweiss vs AxisDirect Currency Charges and Plans: 2024

Edelweiss charge ₹10 per executed order for Currency Futures and ₹10 per executed order for Currency Options whereas AxisDirect Charges 0.05% for Currency futures and ₹0.01 or ₹10 per lot for Currency options.
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