Axis Direct Online Account Open Process, Forms and Fees
Axis Direct Track Record Of Best Online Stock Broker In India
Axis Direct Online Account Open Process, Forms and Fees
Axis Securities Limited is a full-service broker that is a part of Axis bank, which is a leading private bank in India. The broker provides its services and various other trading financial products to the retail customers in India through Axis Direct brand. It is ranked among the top stock brokers in India with more than 4.2 lakhs active customers.
Axis Direct offers investment opportunities in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and company fixed deposits. The broker is a participant of both the national stock exchanges i.e. BSE and NSE.
This stock broker is among the highest active clients in the stock broking space in India. The company holds a client base of more than 3,00,000. It also allows the customers to set up a demat three-in-one account that makes it more convenient to transfer funds.
Axis Direct provides services in various segments such as Equity, Derivatives, SIP, Mutual Funds, IPO, ETFs, Tax planning, NCDs, Bonds and Company FDs. It also has many easy-to-use trading software and platform including its advanced mobile app.
Axis Direct Account Opening
Axis Direct is a single platform that helps for online trading in Equity, Derivatives, Mutual Funds and IPOs. The customer is required to open an account with Axis direct to invest or trade in the stock market. It offers a three in one account and have a broad network of branches that makes the account opening process easier.
Documents Required to open an account with Axis Direct
The documents that are required to open a demat account with Axis Direct are:
1. Aadhar Card.
2. Pan Card.
3. Address Proof (Voter Id, Aadhar Card, Driving License, Passport, Lease agreement, Ration card, Landline or electricity bill, Insurance copy).
3. Bank account proof (Bank passbook, or Latest bank statement).
4. Income proof (Latest Salary Slip, Income Tax Return for currency and derivative segment).
How can you get the Axis Direct account opened?
There are few easy ways that makes the account opening procedure easier:
1. Fill an online registration form on the website. Enter your personal details and then submit the application form. After receiving the documents, the Axis direct representative will contact you to take the process further.
2. Visit the nearest branch.
3. Download the “Account opening application form” from the website, fill it and then submit it to the nearest branch via online or courier them.
Account Opening Charges
A customer is required to pay the account opening charges. The broker may charge an Annual Maintenance Charges (AMC), a yearly fee to maintain the account.
Trading Account Opening Charges
Trading Account AMC Charges
Demat Account Opening Charges
Demat AMC (Yearly)
Benefits of Opening an Account at Axis Direct
• It provides high leverage and up to 4x E-margin.
• Zero Demat AMC for the first year of account opening for Axis Bank account holders.
• A dedicated research team is available to guide you and to provide reports.
• Get access to many advanced trading platforms.
• You can trade or invest in all segment.
• You can easily link your trading account with any of your existing bank account.
Frequently Asked Questions
Axis Direct portal of Axis Securities Limited (ASL) provides a seamless investment or trading platform by linking the customer’s Savings bank account, demat account and a trading account.
Axis direct charges for Intraday is ₹0.01 per lot and carry forward for equity, currency and commodity options trading. The options are highly leveraged derivative products. The option trading is used in many ways that includes hedging or to reduce the risk exposure of the portfolio.
Axis direct auto square-off all open intraday positions at 3:15 PM.
To apply in an IPO through the Axis Bank, the customer needs to hold a savings bank account with Axis bank. The customer can use the demat account with any other DP service provider. A trading account is not compulsory when an individual has to apply in an IPO but needed to sell the shares received.
Axis bluechip has moderately high risk. It has good long-term returns. The scheme can be chosen by any aggressive investor that look for some good returns over the long-term. You can visit the Axis Mutual Fund investment platforms and can start investing in this scheme through SIP or lumpsum.
Yes, a non-Axis bank account holder can open a trading and demat account with Axis securities and can avail the Trade@20 plan by paying an additional ₹250 per month maintenance fee.
Axis MF allows the investments in various schemes of different fund houses such as Axis, SBI, Nippon, HDFC, etc. on the basis of investment objective, time horizon, and risk appetite. The customers can choose a suitable fund for the portfolio. An Axis Mutual Fund provides the expert’s recommendations on mutual fund investment. Various direct schemes of Axis Mutual Fund are Axis Bluechip Fund, Axis Focused 25 fund, Axis long term equity fund, Axis short term fund and Axis liquid fund.
It charges 0.05% for the currency futures trading and Intraday at ₹0.01 per lot| Carry forward: ₹10 per for currency options trading.
The Broker provides redemption facilities online and offline. To redeem offline, one has to visit the bank branch office and needs to fill a transaction slip and then submit it to the branch. If you invest online then the mutual fund can be redeemed from the same platform.
Yes, it offers an online IPO application to its customers. IPO offers early opportunities to buy shares of companies that are not previously traded publicly.
A customer can apply up to 3 IPO applications in Axis Bank Direct.
This limit order is to buy a security at not more or sell at not less than a specific price. By entering a limit order, one will not buy the stocks at higher price.
Axis Direct charges zero AMC for a trading account and ₹650 for a demat account. AMC is charged to maintain the account.
Yes, it provides trading tips for the stock and commodity trading to its customers.
It charges 0.05% for equity, currency and commodity future trading.
E-margin is a unique product where an individual can buy stocks in delivery with margin as lows as 25% and carry it for the next 90 trading days. During the 90 days trading period, one can either square off or take delivery of the position by bringing in the remaining funds.
No, the online trading facility is not available for the NRI investors based in the USA. Such investors can invest through their Relationship Manager or by using call and trade facility
It is 1,00,000 in cash segment from your account. The customer’s cash limit will increase by ₹1,00,000 for trading in a day.
Yes, you can make investments in Axis Mutual Fund online. You can invest in mutual funds online through a mobile app, website and internet banking.
It charges 0.05% for Intraday trades. These orders are known as Margin Intraday Square-up or MIS orders. All the open Intraday orders are auto-squared off at the end of the day. Extra leverage is offered for these trades.
Axis Direct offers a large range of services to the customers. All the demat and trading accounts are provided to you in three-in-one account services that are offered.