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AxisDirect Vs Firstock NRI Account Comparison

The side-by-side comparison of AxisDirect and Firstock NRI Account. Compare AxisDirect Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and AxisDirect NRI Account reviews.

Find out AxisDirect Vs Firstock which is better NRI Trading Account. See AxisDirect Vs Firstock which is best NRI Demat Account.

Our Axis Securities comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between AxisDirect and Firstock NRI Account.

AxisDirect Vs Firstock

 AxisDirectFirstock
 
 AxisDirect LogoFirstock Logo
About the BrokerAxis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w...Know more about Axis SecuritiesFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI AccountEquity (PIS)
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.

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AxisDirect Vs Firstock Charges

 AxisDirectFirstock
NRI Account Opening Fees₹2500
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 750 (free for 1st year)Rs 0 (Free)
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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AxisDirect Vs Firstock NRI Account Brokerage Comparison

Account TypeAxisDirect NRI AccountFirstock Equity (PIS)
Equity Delivery0.75%0.5% or Rs 200 per order, whichever is lower
Equity Futures0.05%Rs 100 per executed order
Equity OptionsIntraday: 1p per lot, Carry Forward: ₹10 per lotRs 100 per executed order
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Other Charges

Contract Note Reporting Charges
Other Brokerage ChargesPIS Acct AMC: ₹1,500, Minimum Brokerage ₹50Equity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
TDS Charges on Long Term Gain (Holding > 365 Days)11.96%11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days)17.94%17.94%
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AxisDirect Vs Firstock NRI Account Taxes/Fees

 AxisDirectFirstock
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% on delivery based turnover and 0.002% on non-delivery based turnover.0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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AxisDirect Vs Firstock NRI Account Margin

 AxisDirect MarginFirstock Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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AxisDirect and Firstock NRI Account Features

 AxisDirectFirstock
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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AxisDirect Vs Firstock NRI Account Review

 AxisDirect ReviewFirstock Review
 89 Customer Reviews    Rate AxisDirect1 Customer Reviews    Rate Firstock
FeesRated 2.0 starsRated 3.0 stars
BrokerageRated 1.8 starsRated 3.0 stars
Trading PlatformRated 2.5 starsRated 3.0 stars
Customer ServiceRated 2.1 starsRated 3.0 stars
Overall RatingRated 2.0 starsRated 3.0 stars
Broker RatingAxisDirect is Rated 2.0 / 5 based on 89 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

 AxisDirect EnquireAxisDirect Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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AxisDirect Vs Firstock NRI Investment Options

 AxisDirectFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

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AxisDirect Vs Firstock NRI Customer Service

 AxisDirectFirstock
Customer Care Number+91 22 4257 0809
Customer Care Email
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AxisDirect Vs Firstock Order Type Offered for NRI Account

 AxisDirectFirstock
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

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AxisDirect Vs Firstock - NRI Account Advantages and Disadvantages

 AxisDirectFirstock
Pros
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

Cons
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
Conclusion

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

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