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Axis Direct vs IDBI Direct – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of Axis Direct vs IDBI Direct. Axis Direct is the only banking broker known to offer great deals to its clients like happy hour trading, free demat account & more while IDBI Direct is one banking broker which is totally against any kind of marketing gimmick. This comparison between Axis Direct & IDBI Direct is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Axis Direct vs IDBI Direct

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This Axis Direct & IDBI Direct comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare IDBI DirectAxis Direct

Overview of Axis Direct & IDBI Direct

Overview Axis Direct IDBI Direct
Company Type Private Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Arun Thukral Shri. Nagaraj Garla
Established Year 2011 1993

Axis Direct vs IDBI Direct Customer Ratings Comparison

Customer Ratings Axis Direct IDBI Direct
Experience 6.2/10 6.2/10
Products & Services 6.5/10 6.0/10
Brokerage Charges & Fees 6.2/10 6.3/10
Stock Research & Advisory 6.3/10 6.1/10
Trading Platforms 6.3/10 6.0/10
Overall Ratings 6.3/10 6.1/10
Star Ratings ★★★★☆ ★★★☆☆
Total Client Reviews 879 157

Axis Direct vs IDBI Direct Demat Account Comparison

Demat Services Axis Direct IDBI Direct
Depository Source CDSL & NSDL CDSL & NSDL
Account Opening Charges Rs 900 Rs 500
Demat AMC Charges Rs.650 per annum Rs 450
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

IDBI Direct vs Axis Direct Brokerage Charges Comparison

Brokerage Charge & Fees Axis Direct IDBI Direct
Equity Delivery Trading 0.50% 0.50%
Equity Intraday Trading 0.05% 0.05%
Commodity Options Trading 0.03% / Rs 50 per lot NA
Equity Futures Trading 0.05% 0.05%
Equity Options Trading Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 100 per lot
Currency Futures Trading 0.05% NA
Currency Options Trading Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot NA
Minimum Brokerage Percentage of Transaction Rs.100 per executed order
Demat AMC Charges Rs.650 per Annum Rs.450
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Axis Direct Brokerage Calculator IDBI Direct Brokerage Calculator

IDBI Direct & Axis Direct Other Charges Comparison

Other Charges Axis Direct IDBI Direct
Transaction Charges 0.00325% of Total Turnover 0.00312% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare IDBI Direct & Axis Direct Offers

Offers Axis Direct IDBI Direct
Free Demat Account S R
Free Trading Account S R
Discount on Brokerage S R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S R
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of Axis Direct vs IDBI Direct

Services Axis Direct IDBI Direct
Demat Services R R
Trading Services R R
3 in 1 Account R R
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R S
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare IDBI Direct & Axis Direct Research & Advisory

Research & Advisory Axis Direct IDBI Direct
Fundamental Reports R R
Research Reports R R
Company Reports R S
Annual Reports R S
Company Stock Review R R
Free Stock Tips S R
IPO Reports R R
Top Picks R R
Daily Market Review S R
Monthly Reports R S
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Axis Direct vs IDBI Direct Exposure/Leverage

Exposure / Leverage Axis Direct IDBI Direct
Equity Delivery 1x 1x
Equity Intraday 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Axis Direct Margin Calculator IDBI Direct Margin Calculator

Axis Direct vs IDBI Direct Product Comparison

Products Axis Direct IDBI Direct
Equity Trading R R
Commodity Trading S R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking R R
SIP R R
Insurance R S

Axis Direct vs IDBI Direct Trading Platform Comparison

Trading Platforms Axis Direct IDBI Direct
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

Axis Direct vs IDBI Direct Customer Support

Customer Support Axis Direct IDBI Direct
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support S S
Toll Free Number 1800 210 0808 S
Branches 186 225

Axis Direct vs IDBI Direct Customer Complaints

Complaints (Current Year) Axis Direct IDBI Direct
Lodged in BSE 129 46
Resolved in BSE 115 42
Lodged in NSE 189 65
Resolved in NSE 165 59

Compare Axis Direct with other Brokers & IDBI Direct with other Brokers


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