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

Here is a detailed comparison of Axis Direct vs JM Financial. Axis Direct is the only banking broker known to offer great deals to its clients like happy hour trading, free demat account & more; while JM Financial is more focused on on different types of of financial investments rather than trading.

So if you are looking for opening Demat account just for daily trading into various segments then JM Financial would not be a good option. This comparison between Axis Direct & JM Financial will give you an idea to finally select the best company that suits your need.

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 JM Financial

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

Compare Stock Brokers


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

Now let’s compare JM Financial& Axis Direct

Overview of Axis Direct & JM Financial

Overview Axis Direct JM Financial
Company Type Private Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Arun Thukral Nimesh Kampani
Established Year 2011 1986

Axis Direct vs JM Financial Customer Ratings Comparison

Customer Ratings Axis Direct JM Financial
Experience 6.2/10 6.2/10
Products & Services 6.5/10 6.4/10
Brokerage Charges & Fees 6.2/10 6.2/10
Stock Research & Advisory 6.3/10 6.6/10
Trading Platforms 6.3/10 5.8/10
Overall Ratings 6.3/10 6.4/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 879 329

Axis Direct vs JM Financial Demat Account Comparison

Demat Services Axis Direct JM Financial
Depository Source CDSL & NSDL CDSL
Account Opening Charges Rs.999 Rs.799
Demat AMC Charges Rs.650 per annum Rs.299
Trading AMC Charges Free Free
Margin Money Rs.25,000 Rs.15,000 Minimum
Offline to Online S R

JM Financial vs Axis Direct Brokerage Charges Comparison

Brokerage Charge & Fees Axis Direct JM Financial
Equity Delivery Trading 0.20% – 0.60% 0.5% – 0.15%
Equity Intraday Trading 0.03% – 0.05% 0.05% -0.015%
Commodity Options Trading NA NA
Equity Futures Trading 0.03% – 0.05% 0.05% -0.015%
Equity Options Trading Rs.10 per lot Rs.75 – Rs.20 per Lot
Currency Futures Trading 0.03% – 0.05% 0.05% -0.015%
Currency Options Trading Rs.10 per lot Rs.75 – Rs.20 per Lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Rs.650 per Annum Rs.299
Trading AMC Charges Free Free
Margin Money Rs.25,000 Rs.15,000 Minimum
Brokerage Calculator Axis Direct Brokerage Calculator JM Financial Brokerage Calculator

JM Financial & Axis Direct Other Charges Comparison

Other Charges Axis Direct JM Financial
Transaction Charges 0.00325% of Total Turnover 0.00325% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare JM Financial & Axis Direct Offers

Offers Axis Direct JM Financial
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 S
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of Axis Direct vs JM Financial

Services Axis Direct JM Financial
Demat Services R R
Trading Services R R
3 in 1 Account R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 15x Upto 7x

Compare JM Financial & Axis Direct Research & Advisory

Research & Advisory Axis Direct JM Financial
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R R
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 R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Axis Direct vs JM Financial Exposure/Leverage

Exposure / Leverage Axis Direct JM Financial
Equity Delivery Upto 10x Upto 1x
Equity Intraday Upto 15x Upto 7x
Equity Futures Upto 12x Upto 2x
Equity Options Upto 12x Upto 4x
Currency Futures Upto 7x Upto 3x
Currency Options Upto 8x Upto 3x
Commodities NA Upto 2x
Margin Calculator Axis Direct Margin Calculator JM Financial Margin Calculator

Axis Direct vs JM Financial Product Comparison

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

Axis Direct vs JM Financial Trading Platform Comparison

Trading Platforms Axis Direct JM Financial
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R S
Mobile Site Platform R R
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 R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R S
Multi Account Management R S

Axis Direct vs JM Financial Customer Support

Customer Support Axis Direct JM Financial
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 50

Axis Direct vs JM Financial Customer Complaints

Complaints (Current Year) Axis Direct JM Financial
Lodged in BSE 129 5
Resolved in BSE 115 5
Lodged in NSE 189 7
Resolved in NSE 165 7

Compare Axis Direct with other Brokers & JM Financial with other Brokers


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