AxisDirect vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
AxisDirect vs Nirmal Bang Account Opening Charges: 2024
| Charge | AxisDirect | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| 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) | ₹200 per year |
AxisDirect vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Nirmal Bang |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹0.01 or ₹10 per lot | ₹35 |
| Currency Futures | 0.05% | 0.02% |
| Currency Options | ₹0.01 or ₹10 per lot | ₹20 |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.01% |
| Mutual Fund | N/A | N/A |
AxisDirect vs Nirmal Bang Margin / Exposure: 2024
| Segment | AxisDirect | Nirmal Bang |
|---|---|---|
| Equity Delivery | 1x | Upto 10x |
| Equity Intraday | Upto 10x | Upto 4x |
| Equity Future | 1x | Upto 4x |
| Equity Options | 1x | Upto 2x for shorting |
| Currency Future | 1x | Upto 2x for shorting |
| Currency Options | 1x | Upto 3x |
| Commodity Future | 3x | Upto 3x |
| Commodity Options | 1x | N/A |