AxisDirect vs Finvasia 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 Finvasia

Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.

Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.

Finvasia: an overview

Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides

AxisDirect vs Finvasia Account Opening Charges: 2024

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

AxisDirect vs Finvasia Brokerage Charges and Plans : 2024

ChargeAxisDirectFinvasia
Plan NameN/AStandard
Equity Delivery0.50%₹0
Equity Intraday0.05%₹0
Equity Futures0.05%₹0
Equity Options₹0.01 or ₹10 per lot₹0
Currency Futures0.05% ₹0
Currency Options₹0.01 or ₹10 per lot₹0
Commodity OptionsFutures: 0.03% and Options: ₹50 per lot₹0
Mutual FundN/AN/A

AxisDirect vs Finvasia Margin / Exposure: 2024

SegmentAxisDirectFinvasia
Equity Delivery1x1x
Equity IntradayUpto 10xUpto 10x
Equity Future1x2x
Equity Options1x1x
Currency Future1x1x
Currency Options1x1x
Commodity Future3x2x
Commodity Options1x1x

AxisDirect vs Finvasia Currency Charges and Plans: 2024

AxisDirect charge 0.05% for Currency Futures and ₹0.01 or ₹10 per lot for Currency Options whereas Finvasia Charges ₹0 for Currency futures and ₹0 for Currency options.

AxisDirect vs Finvasia Commodity Charges and Plans: 2024

AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity and Finvasia charge ₹0 for commodity.
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