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About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among the top 10 stock brokers in India with over 4.2 lakhs active customers.
AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home ... 
About INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmoney acts as a trading and clearing member of NSE, BSE and BSE Star MF and provides transparency and se...
Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.
| AxisDirect | INDmoney | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE |
| Year of Incorporation | 2006 | 2019 |
| Number of Branches | 56 | 1 |
| Open INDmoney Account |
AxisDirect trading account opening charges is Rs 0 while INDmoney account opening changes is Rs 0. AxisDirect Demat Account AMC Charges is Rs 750 (free for 1st year) and INDmoney Demat Account AMC Charges is Rs 0.
| AxisDirect | INDmoney | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 750 (free for 1st year) | Rs 0 |
AxisDirect brokerage charges for equity is 0.50% (Each Leg) and intraday is 0.05% (Each Leg) whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.
| Account Type | AxisDirect Standard Brokerage Plan | INDmoney Standard Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.50% (Each Leg) | 0.05% of order value or Rs 20, whichever is lower |
| Equity Intraday | 0.05% (Each Leg) | 0.05% of order value or Rs 20, whichever is lower |
| Equity Futures | 0.05% (Each Leg) | Rs 20 per executed order |
| Equity Options | Rs 20 Per Order | Rs 20 per executed order |
| Currency Futures | 0.03% (Each Leg) | |
| Currency Options | Rs 20 Per Order | |
| Commodity Futures | 0.03% (Each Leg) | |
| Commodity Options | Rs 50 per lot | |
| 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: Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Minimum Brokerage | Rs 25 per trade | Rs 2 |
| Other Charges | ||
| Call & Trade Charges | Rs 20 per call (First 20 calls free for a month) | Rs 500 |
| Open INDmoney Account |
AxisDirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| AxisDirect | INDmoney | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open INDmoney Account |
The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.
| AxisDirect | INDmoney | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | DirectTrade, Axisdirect Web, Axisdirect Mobile | INDmoney App, INDstocks App and INDmoney Web Platform |
| Intraday Square-off Time | 3:15 | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open INDmoney Account |
AxisDirect is rated of 5 based on 89 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.
| AxisDirect | INDmoney | |
|---|---|---|
89 Customer Reviews  | 1 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  |  |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating | | |
| Broker Rating | AxisDirect is Rated 2.0 / 5 based on 89 customer reviews | INDmoney is Rated 4.0 / 5 based on 1 customer reviews |
| AxisDirect | INDmoney | |
|---|---|---|
| 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. | Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| AxisDirect | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| AxisDirect | INDmoney | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open INDmoney Account |
| AxisDirect | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| AxisDirect | INDmoney | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| INDmoney Special OfferFree stock trading and mutual funds Account
Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today. |
| Open INDmoney Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open INDmoney Account
