About SBI Securities
SBI Securities Ltd is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SBI Securities is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
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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, Mutua...
Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX |
| Year of Incorporation | 2001 | 2006 |
| Number of Branches | 117 | 56 |
| Open AxisDirect Account |
SBI Securities trading account opening charges is Rs 0 while AxisDirect account opening changes is Rs 0. SBI Securities Demat Account AMC Charges is Rs 0 and AxisDirect Demat Account AMC Charges is Rs 750 (free for 1st year).
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| 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 0 | Rs 750 (free for 1st year) |
SBI Securities brokerage charges for equity is 0.50% and intraday is Rs 20 per order whereas AxisDirect brokerage charges for equity is 0.50% (Each Leg) and intraday is 0.05% (Each Leg).
| Account Type | SBI Securities Suvidha | AxisDirect Standard Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | 0.50% (Each Leg) |
| Equity Intraday | Rs 20 per order | 0.05% (Each Leg) |
| Equity Futures | 0.05% | 0.05% (Each Leg) |
| Equity Options | Rs 50 per lot (sell and buy side) | Rs 20 Per Order |
| Currency Futures | Rs 20 per lot | 0.03% (Each Leg) |
| Currency Options | Rs 20 per lot | Rs 20 Per Order |
| Commodity Futures | 0.05% | 0.03% (Each Leg) |
| Commodity Options | Rs 50 (sell and buy side) | 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: Zero Intraday Brokerage with Axis Direct! MTF Interest ā 9.99% p.a. ā± 5 min | 100% Online | Paperless |
| Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | Rs 25 per trade |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 20 per call (First 20 calls free for a month) |
| Open AxisDirect Account |
SBI Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the AxisDirect margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| 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 AxisDirect Account |
The trading platforms offered SBI Securities include SBI Smart Web, SBI Smart Mobile. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | SBI Smart Web, SBI Smart Mobile | DirectTrade, Axisdirect Web, Axisdirect Mobile |
| Intraday Square-off Time | 2:45 PM | 3:15 |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open AxisDirect Account |
SBI Securities is rated of 5 based on 165 customer reviews whereas AxisDirect is rated of 5 based on 89 customer reviews.
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| Ā | 165 Customer Reviews Ā Ā Ā  | 89 Customer Reviews Ā Ā Ā |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform | |  |
| Customer Service |  |  |
| Research Capabilities |  | |
| Overall Rating | | |
| Broker Rating | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews | AxisDirect is Rated 2.0 / 5 based on 89 customer reviews |
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| 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. | Zero Intraday Brokerage with Axis Direct! MTF Interest ā 9.99% p.a. ā± 5 min | 100% Online | Paperless |
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open AxisDirect Account |
| Ā | SBI Securities | AxisDirect |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Ā | SBI Securities | AxisDirect |
|---|---|---|
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| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| AxisDirect Special OfferZero Intraday Brokerage with Axis Direct!
Limited-time offer! |
| Open AxisDirect Account |
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Open AxisDirect Account