Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): 0.5%
Brokerage Charge For Intraday Trading: 0.05%
Brokerage Charge For Futures Trading: 0.05%
Brokerage Charge For Options Trading: INR 20
Annual Maintenance Charge: INR 750 + INR 499 per year.
Payment Gateway Charges Netbanking: INR 0.
E-margin Interest Charges: 13.99% .
Digital KYC Charges: INR 0
Call & Trade Order: INR 20
Account Opening Fees
Zero
Eligibility
Any Indian resident can apply.
Annual Fees
INR 750 + INR 499 per year.
Axis Direct Review
Special Features
Free research tools and reports.
Features
Cons
No zero brokerage.
High maintenance charges.
Pros
Free research reports.
Free tools for stock and mutual fund analysis.
Robus physical presence.
Part of Axis group.
Low brokerage.
Pros and Cons
How to Apply?
Axis Direct allows you to open a demat and trading account entirely online in just 15 minutes. Here's a step-by-step guide:
Visit the Axis Direct account opening page: https://simplehai.axisdirect.in/
Enter your Name, Phone Number, and a verified Email Address.
You'll receive a One-Time Password (OTP) on your mobile number for verification. Enter the OTP to continue.
Provide your PAN Card number and Date of Birth.
Fill out the detailed online application form with your personal information.
Upload scanned copies of the required documents:PAN Card (mandatory)
Proof of Address (Aadhaar Card, Driving Licence, Voter ID, or Passport)
Cancelled Cheque from your bank account (linked to your trading account)
Passport-sized Photograph
KRA Verification (optional): If your KYC (Know Your Customer) details are already registered with the Central KYC Registry (CKYC), you can opt for instant verification. This eliminates the need for physical document submission.
If not KRA verified, you'll need to e-sign the online account opening form. This can be done digitally.
Once all steps are completed and your information verified, your Axis Direct account will be opened. You'll receive confirmation and login credentials via email.pen_spark
Documents Required
Account Opening and Procedures
Axis Direct
Brokerage, account opening cost, and maintenance charges are very high compared to other brokers.
Its terminal-based trading platform is a chargeable subscription-based platform.
Some users have experienced longer wait times and less satisfactory support when seeking assistance from Axis Direct's customer service team. A division of Axis Bank, Axis Direct offers an array of financial services in multiple market segments, including equities, mutual funds, etc. Its trading platform allows the online buying and selling of securities and offers various tools for research, analysis as well as conceptual understanding. Axis Direct can serve you better if you are a trader.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai