AxisDirect Vs INDmoney (Compare AxisDirect and INDmoney)

AxisDirect Vs INDmoney

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 AxisDirect Account	Open INDmoney Account

AxisDirect Vs INDmoney Charges & AMC

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 Vs INDmoney Brokerage

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	Special Offer: Zero Intraday Brokerage with Axis Direct! Why pay more to trade? MTF Interest – 9.99% p.a. Options – ₹20 per trade 🔓 Open Account – FREE ⏱ 5 min | 100% Online | Paperless	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.

AxisDirect Vs INDmoney Leverage (Margin)

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 AxisDirect Account	Open INDmoney Account

Compare AxisDirect and INDmoney Features

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 AxisDirect Account	Open INDmoney Account

AxisDirect Vs INDmoney Review

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