Axis Trading / Online Trading – Review, Process, Benefits, Charges & more
Last Updated Date: Apr 13, 2023Axis Direct is the equity broking division of Axis Securities which is a part of the leading private bank in the country – Axis Bank. The Axis Trading facilities are rendered by Axis Securities which was incorporated in the year 2011.
Axis Online Trading for retail customers is the main business target of the firm and it is counted amongst the top ten stock brokerage firms in the country with an active clientele of 4.2 lakhs and above.
The firm deals in a wide range of products starting from equities to IPOs, mutual funds and others. The three-in-one account of the firm is one of the primary advantages for the customers as there is no hassle in transferring funds.
We hope you can find all your answers from this article below regarding Axis Direct. We will guide you through the online trading process on the Axis Direct platform as well starting from the account opening to trading. The article will also cover the various trading platforms that the firm offers to customers.
Axis Trading and Benefits
If you are using the Axis Bank Trading service, then you can avail of all these facilities:
- For your Axis Online Trading, you have all three accounts in place, well-integrated and the complete transaction within the three accounts namely Demat, trading and Bank account takes place seamlessly. The firm is part of Axis Bank and provides an Axis Bank account with the Demat and the trading account.
- This firm offers a very simple and ultra-low brokerage plan which will be discussed in the latter part of the article. The firm being a traditional brokerage house with all the required services with so low brokerage is a boon for the traders and investors associated with the firm.
- The traders and investors can diversify their investments amongst various investment options as the firm offers multiple options for investments under one roof.
- Axis Direct provides detailed research reports of companies, stock reviews, market reviews and daily/monthly or weekly reviews of the market and stocks for the customers. This helps traders to know about the market and analyze it easily.
- The firm has been a major player in stock market education as well. It provides online tutorials to interested candidates, there are webinars and seminars from time to time organized by the firm and eminent market analysts, research analysts, traders and investors to address the inquisitive investors by spreading the knowledge of the stock market.
Open Trading Account with Axis Direct – Fill up the Form Now!
Axis Direct Trading Charges
| Other Charges | |
| SEBI Turnover Charges | 0.00005% (₹5/Crore) |
| 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 |
| 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) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | NIL |
| Dematerialisation Charges | Rs 5/- per certificate or Rs 50/- per request, whichever is higher. |
| Pledge Creation | 0.04% of the value of the transaction or Rs 50/- (per Instruction) whichever is higher. |
| Pledge Invocation | Rs. 12.5 per scrip |
| Margin Pledge/Unpledge/ Pledge closure | Rs. 15.5 per scrip |
| Margin Repledge | Rs. 13.5 + Rs. 13.5 (Rs. 27 per scrip) |
Other Trading Charges
The Axis Trading Charges include:
- Brokerage charges are a flat fee brokerage scheme the same across all the segments and will be discussed in detail in the next section of this article.
- STT is charged at a rate of 0.0126% and it is charged on total turnover
- SEBI charges and transaction charges are also charged on the total turnover and the rates are 0.0005% and 0.00325% respectively
- Stamp duty charges are also levied on each of the transactions as per the rates of stamp duty prevailing in the state from which you are trading.
- Finally, you need to pay the GST on the transaction and it is charged at an 18% rate on the total amount of brokerage charge and transaction charge of the same transaction clubbed together.
Find Online Trading Services of other Stock Brokers
Axis Bank Delivery Trading
| Axis Direct Delivery Charges | |
| Equity Delivery | 0.50% |
The Axis Direct Delivery Trading services can be availed for 0.50% which means that you can take delivery of the shares that you have purchased and you just need to pay 0.50% of the entire turnover.
Axis Intraday Trading
| Axis Direct Intraday Charges | |
| Equity Intraday | 0.05% |
The brokerage charges for the Axis Direct Intraday Trading segment are 0.05% only. You can trade any number of shares in order and there is no limit to the number of orders as well.
You can trade any number of orders per day and for each order, you just need to pay 0.05% on the basis of the total turnover.
Axis Direct Option Trading
| Axis Direct Option Charges | |
| Equity Options | Rs.20 per lot |
For Axis Direct Option Trading, you need to pay Rs.20 for each lot on an order that gets executed. The order can have any number of lots of options, and you will have to pay on the basis of each lot.
Axis Bank Futures Trading
| Axis Direct Futures Charges | |
| Equity Futures | 0.05% |
The Axis Direct Futures Trading charge is 0.05% for one order. Equity futures are traded as contracts and an order can contain any number of contracts, and for that, the brokerage will be 0.05% on the overall turnover basis.
Axis Currency Trading
| Axis Direct Currency Charges | |
| Currency Option | Rs.20 per lot |
| Currency Futures | 0.05% |
You can avail of Axis Direct Currency Trading both in futures and options segments for Rs.20 per lot and 0.05% of the entire turnover basis.
Axis Direct Commodity Trading
| Axis Direct Commodity Charges | |
| Commodity Futures Trading | FLAT 0.03% brokerage (or Rs 25 per order whichever is higher) |
| Commodity Options Trading | Rs 50 per lot |
You can trade in commodity derivatives seamlessly with Axis Direct. You only have to pay a charge of FLAT 0.03% brokerage (or Rs 25 per order whichever is higher) for commodity futures. On the other hand, you are liable to pay Rs 50 per lot for the commodity options segment.
Find Segment Trading Charges of other Brokers
Axis Direct Online Trading Process
To get started with start Axis Online Trading, you need to keep up with the process as follows:
Account Opening
- Click on the button “Open Demat Account”, and a form will appear on the computer screen.
- Fill out the form with the required details and then submit the same. Make sure all the details are correct before submission.
- Upload the documents for KYC purposes when asked.
- The documents required for KYC include the PAN, AADHAAR Card and a cancelled cheque and photograph.
- You will receive the password and user id of your account on your registered email id.
Login
- Using the login credentials, log on to the Axis Direct website
- You will find details of all trading platforms.
Downloading and setting up trading platforms
- Open the trading terminal or the other application.
- Create the market watchlist by adding the stock scrips that you want to trade.
Online Trading
- Analyze the market and the stocks you want to trade.
- Click on the stock scrip you want to know the details about. You can view the details, market depth, and others.
- Put the price of what you want to trade, the unit and other details required.
- Click on place order.
- Your orders get executed when the order criteria match another one on a different side. For instance, you have placed an order with Rs.100 as the selling price, and when there is a buyer who wants to buy the shares for Rs.100, then your order will get executed.
- You get an automatic notification about the execution of the order.
- It takes around t+2 days for the settlement of the transaction through clearing houses.
Axis Online Trading Platforms
Axis Bank Online Trading Platforms include –
- The Axis Direct Swift Trade is a browser-based trading platform that offers speedy transactions and trades. It helps in creating a market watch of different assets – there is multiple market watch option. The online platform offers research resources and tools as well. There are multiple keyboard shortcuts available on this site as well which helps in quick order placement.
- Axis Direct Trade is the trading terminal of the firm. It needs to be downloaded and there are multiple features to assist you in your trading. There are live market news/updates, real-time data, historical data, analytical tools and charts integrated with the live market. The user interface of the software is really great.
- Axis Direct App is the mobile trading application of the firm which has portfolio tracking facilities, a customizable market watch list, intraday charts, real-time data, and many other features to make your trading easy and smooth. With this application you have no boundary of time for trading, you can travel and trade as well.
Check out the Online Trading Services of other Brokers
Axis Trading – Conclusion
Axis Trading is available at a very reasonable brokerage charge. It is a full-service brokerage house and works like one but charges very reasonably which is a rare sight in the industry.
For traders and investors, it is both financially beneficial as they can save on brokerage and also they benefit from other facilities provided by the firm.
Axis Direct Online Trading
Does Axis Direct provide Online Trading?
Yes, Axis Direct provides their customers with Online Trading along with which they provide their customers with a three-account benefit, where the trading, demat, and bank account are jointly handled by the client for easy and seamless transactions.
What are the Charges in Axis Direct?
The brokerage charges are a flat fee that is asked by the broker here, other charges that the trader might also have to bear are the STT charges which are charged at a rate of 0.0126%, SEBI charges which are only around 0.0005% of the total transaction amount.
Does Axis Direct provide Delivery Trading?
Many traders prefer to trade in delivery, as it gives them the luxury to hold their shares until the market is in their favour. Thus equity delivery plays a very imperative part in the stock world. Equity delivery is provided at Axis Direct to interested traders at a very feasible brokerage charge.
Is delivery trading Free at Axis Direct?
No, Axis Direct charges their traders with a flat-fixed rate for equity delivery. One of the major benefits of trading in delivery which clients get at Axis Direct is they are not required to pay the brokerage on basis of their total transaction amount. Equity delivery is around 0.50% at this very broker house.
Does Axis Directs provide Option Trading?
As options trading requires one to carry out a lesser amount of capital to an investment than a stock or other type of market trade requires Options are widely preferred for that very reason. Axis Directs does provide their customers to trade options.
What are Options Trading Charges at Axis Direct?
For traders who trade with Axis Direct, they have to pay a flat brokerage of Rs.20 per lot for brokerage. The broker house is known widely for its fixed set of brokerages for options, supporting traders trading in volume. The commodity options charge is FLAT 0.03% brokerage (or Rs 25 per order whichever is higher).
Does Axis Direct provide Futures Trading?
The future market has been repeatedly proven to be more efficient and fair, while investors with good judgment can make quick money in this very sector of trading. It is impossible for a highly valued brokerage house like Axis Direct to not offer this very segment of trade to their customers, futures trades are very much provided at Axis Direct.
What is Futures brokerage at Axis Direct?
Futures at Axis Direct carry a brokerage of 0.05%. The clients are required to pay a percentage of their total transaction amount. So, the standard brokerage of 0.05% applies for all orders, keeping in check, the transaction amount.
Is Axis Direct safe for trading?
The firm has been a major player in the stock market and has been known and addressed by various traders. Axis Directs due to its secure and reliable services have been one of the most preferred broker houses out there in the stock industry.
Do Axis Direct provide Trading Tips?
The firm not only provides tips but also has online tutorials for new traders to help them get their way through the stock industry. On top of this, Axis Directs eminent researchers team is always ready to help active traders with the most advanced tricks and tips to increase their trade benefit.
Open Trading Account with Axis Direct – Fill up the Form Now!
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