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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 Fixed Plan
Apply Now

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:

  1. Visit the Axis Direct account opening page: https://simplehai.axisdirect.in/

  2. Enter your Name, Phone Number, and a verified Email Address.

  3. You'll receive a One-Time Password (OTP) on your mobile number for verification. Enter the OTP to continue.

  4. Provide your PAN Card number and Date of Birth.

  5. Fill out the detailed online application form with your personal information.

  6. 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

  7. 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.

  8. If not KRA verified, you'll need to e-sign the online account opening form. This can be done digitally.

  9. 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
Aadhaar and PAN for online account opening.
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

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

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