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. 
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 |
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| 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 | 1973 |
Axis Direct vs JM Financial Customer Ratings Comparison |
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| 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 |
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| Demat Services | Axis Direct | JM Financial |
| Depository Source | CDSL & NSDL | CDSL |
| Account Opening Charges | Rs 900 | Rs. 1180 |
| Demat AMC Charges | Rs.650 per annum | Rs. 650 |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | S | R |
JM Financial vs Axis Direct Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Axis Direct | JM Financial |
| Equity Delivery Trading | 0.50% | 0.15% |
| Equity Intraday Trading | 0.05% | 0.02% |
| Commodity Options Trading | 0.03% / Rs 50 per lot | Rs 25 per lot |
| Equity Futures Trading | 0.05% | 0.02% |
| Equity Options Trading | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | Rs 25 per lot |
| Currency Futures Trading | 0.05% | 0.02% |
| Currency Options Trading | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot | Rs 25 per lot |
| Minimum Brokerage | Percentage of Transaction | Percentage of Transaction |
| Demat AMC Charges | Rs.650 per Annum | Rs.650 |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Axis Direct Brokerage Calculator | JM Financial Brokerage Calculator |
JM Financial & Axis Direct Other Charges Comparison |
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| Other Charges | Axis Direct | JM Financial |
| Transaction Charges | 0.00325% of Total Turnover | 0.00325% 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 JM Financial & Axis Direct Offers |
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| 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 |
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| 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 5x | Upto 5x |
Compare JM Financial & Axis Direct Research & Advisory |
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| 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 |
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| Exposure / Leverage | Axis Direct | JM Financial |
| 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 | JM Financial Margin Calculator |
Axis Direct vs JM Financial Product Comparison |
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| 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 |
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| 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 |
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| 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 |
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| 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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