Choice Broking Vs Axis Direct
Choice Broking
Choice Broking is a full service Broker. Choice Broking Review 2024 gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Axis Direct
Axis Direct is a full service Broker. Axis Direct Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Choice Broking Vs Axis Direct - Broker Details
| Choice Broking | Axis Direct | |
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| Single Margin Facility |
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| Year of Incorporation | 2010 | 2011 |
| Exchanges | NSE, BSE, MCX, NCDEX, and ICEX. | BSE, NSE, MCX and NCDEX |
| Branches | 50+ | 2500+ |
| Brokerage | 0.02% | 0.05% |
| Broker Type | Full service Broker | Full Service Broker |
Choice Broking Vs Axis Direct - Account Opening & AMC Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹900/- |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹200+GST ( 2nd Year onwards) | ₹750/- |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Choice Broking Vs Axis Direct - Brokerage charges & Plans
| Choice Broking | Axis Direct | |
|---|---|---|
| Commodity Futures | 0.02% | 0.03% |
| Currency Futures | 0.02% | 0.05% |
| Equity Delivery | 0.2% | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% |
| Equity Options | ₹25/Lot | ₹10/ Order |
| Commodity Options | ₹50/Lot | ₹50/ Lot |
| Equity Futures | 0.02% | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% |
| Currency Options | ₹20/Lot | ₹10/ Order |
| Fixed Charges | 0.02% | N/A |
| Equity Intraday | 0.02% | 0.05% |
Choice Broking Vs Axis Direct - Other Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | Intraday:- ₹0/- | Carry forward:- ₹10/Lot |
| API Charges | - | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹20/ Call (20th call/ Month) |
| Other Brokerage Charges | ₹25/Lot | 0.05% |
| Minimum Brokerage | 0.02% | 0.05% |
Choice Broking Vs Axis Direct - Transaction Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Currency Options | NSE : Transaction Charges:- 0.035% | Clearing charge:- 0.002% | ₹5000/Cr (0.05%) (on premium) |
| Equity Futures | NSE: Exchange transaction charge:- 0.002% | Clearing charge:- 0.0005% | NSE ₹190/Cr (0.0019%) | BSE ₹300/ Cr (0.003%) (each side) |
| Equity Intraday | NSE/BSE:- 0.00345% | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) |
| Equity Options | NSE: Exchange transaction charge:- 0.05% | Clearing charge:- 0.002% | NSE ₹5000/Cr (0.05%) | BSE ₹300/Cr (0.003%) (on premium) |
| Commodity | Future Exchange txn charge:- 0.0026% | Clearing charge: 0.0003% | RMS Charge 0.005% (Only NCDEX) || Option:- Exchange txn charge:- 0.05% | Clearing charge :- 0.002% | N/A |
| Currency Futures | NSE: Transaction Charges:- 0.035% | Clearing charge:- 0.002% | ₹190/Cr (0.0019%) |
| Equity Delivery | NSE/BSE:- 0.00345% | NSE ₹325/Cr (0.00325%) | BSE ₹300/Cr (0.003%) (each side) |
Choice Broking Vs Axis Direct - Margin (Exposure)
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Choice Broking Vs Axis Direct - Features
| Choice Broking | Axis Direct | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM |
| Trading Platform | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). | 1. Axis Direct Portal 2. Direct Trade (Desktop Trading Application) 3. Swift Trade 3.0 (Web-based trading platform). 4. Axis Direct Mobile App 5. Axis Direct Wise Advisor |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Choice Broking Vs Axis Direct - Review & Rating
| Choice Broking | Axis Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Choice Broking Vs Axis Direct - Request a call back from Broker
| Choice Broking | Axis Direct | |
|---|---|---|
Choice Broking Vs Axis Direct - Investment Options
| Choice Broking | Axis Direct | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Choice Broking Vs Axis Direct - Order Type
| Choice Broking | Axis Direct | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Choice Broking Vs Axis Direct - Research & Report
| Choice Broking | Axis Direct | |
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| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Choice Broking Vs Axis Direct - Daily Market Report
| Choice Broking | Axis Direct | |
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| Daily Market Reports & News |
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Choice Broking Vs Axis Direct - Suitable For Investor
| Choice Broking | Axis Direct | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Choice Broking Vs Axis Direct - Pros & Cons
| Choice Broking | Axis Direct | |
|---|---|---|
| Pros | 1. It offers a broad range of investment products. 2. It has a simple trading platform and offers it to the customers. 3. It offers various multiple AMC plans to its customers that provides lifetime AMC and refundable AMC options. 4. It has a proactive and prompt customer service. 5. It has an instant and paperless demat account opening process. 6. Choice broking has an excellent margin trading facility service to its customers. 7. The research call provided by the brokers has 78% accuracy ratio. | 1.It offers three in one account that enables the smooth transfer of funds. 2.It provides elaborated research and reports. 3.It provides various trading software that has very quick and high performance. 4. It provides personal guidance from the experts. 5. It has excellent trading platforms. |
| Cons | 1. The Choice Broker does not allow to open a three-in-one account services to its customers. 2. It has no flexible brokerage plans. 3. The broker does not provide Margin Calculator. 4. It does not provide an in-house trading terminal. | 1.They charge high for brokerage, account opening and even Annual Maintenance charges. 2. The exposure provided by the broker is the least. 3. There is no support for the commodity segment. 4. It charges fees for the trading terminal and charges a nominal fee on monthly basis. |
Choice Broking Vs Axis Direct - Background
| Choice Broking | Axis Direct | |
|---|---|---|
Choice Broking Vs Axis Direct - Compare All Brokers
| Choice Broking | Axis Direct | |
|---|---|---|
Choice Broking Vs Axis Direct - STT/CTT
| Choice Broking | Axis Direct | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
Choice Broking Vs Axis Direct - Demat transaction charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹5/Certificate or ₹50/Request, whichever is higher |
Choice Broking Vs Axis Direct - GST
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charges + Clearing Charges) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Choice Broking Vs Axis Direct - SEBI Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Choice Broking Vs Axis Direct - Account Opening & AMC Charges
Choice Broking
Axis Direct
Trading Account Opening Charge
₹0 (Free)
₹900/-
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200+GST ( 2nd Year onwards)
₹750/-
Trading Account AMC
₹0 (Free)
₹0 (Free)
Choice Broking Vs Axis Direct
| Choice Broking | Axis Direct | |
|---|---|---|
Choice Broking Review | Brokerage Charges, Account OpeningChoice Equity Broking Private Limited is a Mumbai-based full-service stock broking firm and Choice broking established in 2010. Choice broking firm is a subsidiary of a publicly listed financial service provider organization named as Choice International Limited. It was formerly providing tis financial services since 1993 b .. + " Vs "+ Axis Direct |
Axis Direct ReviewsAxis Securities Limited is a full-service broker that is a part of Axis bank, Which is a leading private bank in India. Online Axis directs its services and various other trading financial products to the retail customers in India through Axis Direct brand. Axis direct is NSDL or CDSL participant and ranked among the top stock brokers in India with more than 4.2 lakhs active customer .. |
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Axis Direct
Axis Direct is a full service Broker. Axis Direct Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Choice Broking Vs Axis Direct - Brokerage charges & Plans
| Choice Broking | Axis Direct | |
|---|---|---|
| Commodity Futures | 0.02% | 0.03% |
| Currency Futures | 0.02% | 0.05% |
| Equity Delivery | 0.2% | Fixed Plan:- 0.5% | Investment Plus:-0.35% | Now or Never:- 0.2% | Premium Investment:-0.1% |
| Equity Options | ₹25/Lot | ₹10/ Order |
| Commodity Options | ₹50/Lot | ₹50/ Lot |
| Equity Futures | 0.02% | Fixed Plan:- 0.05% | Investment Plus:- 0.035% | Now or Never:- 0.02% | Premium Investment:- 0.01% |
| Currency Options | ₹20/Lot | ₹10/ Order |
| Fixed Charges | 0.02% | N/A |
| Equity Intraday | 0.02% | 0.05% |
Choice Broking Vs Axis Direct - Margin (Exposure)
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Choice Broking Vs Axis Direct - Other Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | Intraday:- ₹0/- | Carry forward:- ₹10/Lot |
| API Charges | - | N/A |
| Call & Trade Charges | ₹0 (Free) | ₹20/ Call (20th call/ Month) |
| Other Brokerage Charges | ₹25/Lot | 0.05% |
| Minimum Brokerage | 0.02% | 0.05% |
Choice Broking Vs Axis Direct - STT/CTT
| Choice Broking | Axis Direct | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on sell side |
| Commodity Options | 0.05% on sell side | 0.05% on sell side |
Choice Broking Vs Axis Direct - Demat transaction charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + GST per scrip only on sell | ₹5/Certificate or ₹50/Request, whichever is higher |
Choice Broking Vs Axis Direct - GST
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charges + Clearing Charges) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Choice Broking Vs Axis Direct - SEBI Charges
| Choice Broking | Axis Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Choice Broking Vs Axis Direct - Features
| Choice Broking | Axis Direct | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
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| Margin Trading Facility |
|
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| Call & Trade Facility |
|
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| Referral Program |
|
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities:- 11:00 PM |
| Trading Platform | 1. Jiffy (Mobile App). 2. Jiffy (Web-based). 3. ODIN. 4. Investica (Mutual Fund Investment). | 1. Axis Direct Portal 2. Direct Trade (Desktop Trading Application) 3. Swift Trade 3.0 (Web-based trading platform). 4. Axis Direct Mobile App 5. Axis Direct Wise Advisor |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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