The top stock brokers in India are known to offer better investment tools than others, and they provide low brokerages fee. With discount brokers, you can either perform a trade on the web through a computerized trading system or call in your order with a broker over the phone

The Best and top Stock broker is largely referred to as agents who are skilled and certified to invest in the securities market. They typically act as agents for buyers and sellers of stocks and charge a fee against the delivery of their services. It is necessary to keep in mind that the Best stock broker in India does not own the securities, They just offer their services to the investors at the lowest brokerage charges.

S. No.	Broker	No. of  Active Clients	Market %Share
1	ZERODHA BROKING LIMITED	2398743	14.28%
2	RKSV SECURITIES INDIA PRIVATE LIMITED (Upstox)	1281861	9.66%
3	ANGEL BROKING LIMITED	1125418	6.48%
4	HDFC SECURITIES LTD.	675551	6.03%
5	ICICI SECURITIES LIMITED	629260	5.62%
6	KOTAK SECURITIES LTD.	583482	5.21%
7	SHAREKHAN LTD.	547950	4.89%
8	5 PAISA CAPITAL LIMITED	489661	4.37%
9	MOTILAL OSWAL FINANCIAL SERVICES LIMITED	385535	3.44%
10	AXIS SECURITIES LIMITED	271990	2.43%

How to select the best broker ?

As you know about some of the best & Top Stock Broker in India .It is also essential for you to understand how can you select a good discount broker. Here are a few points to keep in mind while choosing a discount broker-

1. Brokerage- Ensure that the charge of the broker should be minimum as if you trade a lot then it is a paramount thing to compare with others and choose the one with the best and most economical pricing
2. Trading Platform- Before opting for any trading platform always choose the one which is user-friendly and should make things simple for you like order placing, research tools, etc. so that you can get the maximum benefits
3. Customer Support- It is substantial for you to even check about the customer support offered by the discount brokerage firm as it helps in maintaining smooth and seamless trading.
4. Leverage- Margin trading should never be ignored while selecting a discount broker as it is a significant aspect that differentiates between two brokers.

Advantages of brokers in trading

These are some of the essential aspects to check on before opting for a discount brokerage firm also always watch out for the hidden charges, broker review, branch network, online trading terminal, and discount broker financial strength before choosing any broker.

• Low cost: They provide the lowest brokerage charges as compared to the traditional full-service brokers. This helps the traders to convert ant trade into profit with a low break-even point
• Online platform for trading: Discount broker offers an online trading platform that allows the investors in doing trade smoothly and quickly
• Unbiased offer: One of the best things about them is that whether you are a prominent investor or small, discount brokers offer you the same
• Transparency index: They are pretty much reliable as all their deals are transparent because the margin calculator is known to everyone
• Client education: Numerous discount brokers provide an educational video tutorial for their clients so that it can help them in trade with them for a longer span
• Quick account opening: Just with the help of an Aadhar card they provide you with an option of paperless account opening in just a couple of minutes
• Transactional Cost: They charge you with the minimum transactional cost irrespective of the volume of trade

Disadvantages of Discount Brokers

• No advisory: They do not provide advisory service whereas full-service brokers offer it without any charge
• No 3-in-1 account: Discount brokers provide you with an option to open a trading and Demat account. They do not offer you the feature of opening a bank account
• No branch support: Usually the discount brokers work centrally, hence if you need branch support for paperwork then you need to choose another option for yourself
• PMS service: Discount brokers do not offer portfolio management services to their clients. If you want a fund manager, then a full-service broker would be the best option for you.

This was about the discount brokers and how they can benefit you while trading. All the above-mentioned discount brokerage platforms are great and really moving the trading community a step forward. There might be some small differences amongst them, so choose the one as per your requirements.

1. Zerodha

They were one of the first discount broker companies that brought a revolution in the trading industry. It was founded in the year 2010 by Nitin Kamath and is said to be the most significant discount broker in India. They are the ones who brought this concept to India, and since then, there is no looking back.

It has more than 1.5 million clients and is known for lower brokerage charges. They charge around Rs.20 for every trade irrespective of the trade volume. Undoubtedly, now there is a significant change in how the brokerage was being charged.

It gives over 15% of daily retail trading amounts across the Indian stock market. You can open an account with them by just paying a small amount of Rs.300, and its maintenance charges are Rs.300 for a year. Zerodha is quite flexible when it comes to services and features provided by them.

They also have a mobile app by the name of KITE which has more than 1,000,000 downloads on the play store. It is also a member of NSE, BSE, MCX, and MCX-SX. It enables you to trade on stocks, government securities, mutual funds, sovereign gold bonds, and Futures & options.

They made the delivery trades free so that the investors can get an entry into the market without any hindrances. Because of its newness and approach, Zerodha has been able to rival all the big players like ICICI direct, HDFC securities, Sharekhan, etc. You can also read our detailed review of Zerodha here.

Zerodha Account Open Charges | Zerodha AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 200
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)
Demat Account Opening Charges (One Time)	Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 300

Brokerage Charges

Segment	Brokerage Fee
Monthly Fee (Fixed)
Equity Delivery	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 20 per executed order
Currency Futures	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 20 per executed order or .03% whichever is lower
Commodity Futures	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 20 per executed order or .03% whichever is lower

Trading Platforms: Kite 3.0, Kite Mobile, Console, Pi, Sentinel, Coin

Pros:

• Zero brokerage for delivery
• Bing brand value and customer support
• In-house trading platforms
• Innovate and user-friendly trading platform

Cons:

• Cannot invest in IPO through Zerodha
• No research report

 2. Upstox

They are one of the most distinguished discount brokers in India and are for traders who look for low brokerage, huge margins, and a secure trading platform. They become even more famous after being backed by Kalaari Capital and Ratan Tata.

The trading terminal that it offers to some of its clients Upstocks pro is a high-speed and reliable source for seamless trading. They were initially known as RKSV as they began their company by this name in 2012 and changed it to Upstox in 2015.

The good part about them is that they have high-tech and advanced trading platforms, which makes trading easy. Upstox has created a completely paperless Demat opening and trading platform.

Upstox Account Open Charges | Upstox AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 249
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)
Demat Account Opening Charges (One Time)	Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)

Brokerage Charges:

They have a set brokerage of Rs.20 for every trade irrespective of the trade amount.

Type	Brokerage
Equity Delivery	Free
Equity Futures	They charge under Rs. 20 per completed order or 0.01%
Equity Intraday	They charge under Rs. 20 per completed order or 0.01%
Equity Options	Rs. 20 per completed order
Commodity F&O	Under Rs. 20 per executed order or 0.01%
Currency Futures & Options	Under Rs. 20 per executed order or 0.01%

 Pros:

• Free delivery trading
• Great trading platforms
• Priority brokerage
• Provide online account opening process

Cons:

• Cannot make direct trades in IPO & FPO, NCDs

3. Angel One

Angel One is one of the largest full-service brokers in India that offers a fixed, flat fee brokerage plan to its investors with a simple pricing model. The company provides online and offline trading and investment services across Equity, F&O, Commodity, Currency, IPO, Bonds, and Mutual Funds. The broker also offers advisory services, a margin trading facility, and loans against shares.

Angel One offers free Equity Delivery trading. The maximum brokerage charged by Angel One is Rs 20 per order and the lowest brokerage charged is 0.25% of the transaction value for Equity Intraday, F&O, Currency, and Commodity. In addition to the brokerage, an investor also needs to pay various other transaction and regulatory charges, Demat charges over and above the brokerage.

Angel One also has an online brokerage calculator that helps investors calculate their cost of trading by giving information about brokerage and other regulatory charges like brokerage, STT charges, SEBI tax, and GST on their transactions. Angel One brokerage calculator also helps to compare with the competitor charges and assess the yearly savings.

Angel One Account Open Charges | Angel One AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)
Demat Account Opening Charges (One Time)	Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 240

Angel One Brokerage Charges 2022

The customer pays a commission (brokerage) when buying or selling stocks through Angel One. The brokerage charges for equity, commodities, and currency derivative trading for Angel One are explained as below.

Angel One Angel iTrade PRIME

Segment	Brokerage Fee
Monthly Fee (Fixed)
Equity Delivery	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order
Equity Futures	Rs 20 per executed order
Equity Options	Rs 20 per executed order
Currency Futures	Rs 20 per executed order
Currency Options	Rs 20 per executed order
Commodity Futures	Rs 20 per executed order
Commodity Options	Rs 20 per executed order

PROS:

• Full-service brokerage services are available at ultra-low brokerage fees.
• Margin trading facility and securities as collateral are available.
• Do not charge for NEFT/fund transfers. (Others charge ~Rs 10 per).
• Only charge Rs 20 for intraday square-off and call & trade (others charge Rs 50).
• Free advisory/tips for stocks and mutual funds (Others do not).

CONS:

• Margin funding is given to the customers without notice. This causes major confusion and customers pay hefty interest charges.
• Angel broking doesn’t offer to trade in SME shares.
• Angel RM and the sales team try to cross-sale other products and services.
• GTC/GTT order facility not available.
• Doesn’t offer a 3-in-1 account.

4. HDFC Securities

HDFC Securities is a full-service broker with a mixed pricing model for each segment. The company charges a minimum brokerage of Rs 25 as the brokerage for Equity Intraday, Delivery, and Futures. For options, the company charges per lot basis for Equity Options and Commodity Options and per contract basis for Currency Options.

Apart from the standard brokerage plan, HDFC Securities also offers a Value brokerage plan that reduces Equity Delivery brokerage to 0.10%, Equity Intraday to 0.010%, and charges only Rs 20 per order for Derivatives trades. The Value Brokerage plans have a fixed subscription fee ranging from Rs 199 to Rs 5,999 with a validity period of 360 days.

HDFC Securities Account Open Charges | HDFC Securities AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 999
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0
Demat Account Opening Charges (One Time)	Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 750

HDFC Securities Brokerage Charges 2022

The customer pays a commission (brokerage) when buying or selling stocks through HDFC Securities. The brokerage charges for equity, commodities, and currency derivative trading for HDFC Securities are explained below.

HDFC Securities Lite Zero Plan

Segment	Brokerage Fee
Monthly Fee (Fixed)	NA
Equity Delivery	0.50%
Equity Intraday	0.05%
Equity Futures	Rs 20 per trade
Equity Options	Rs 20 per trade
Currency Futures
Currency Options
Commodity Futures
Commodity Options

PROS:

• An Integrated 3-in-1 account (banking, broking, and Demat accounts) is available. This makes HDFC an extremely convenient trading platform.
• Investment online in IPOs, Mutual Funds, GOI Bonds, Insurance, and Postal Savings Schemes all from one website.
• Trading is available in both BSE and NSE.
• Excellent trading platform for beginners

CONS:

• HDFC Sec brokerage is very high and not negotiable.
• HDFC doesn’t offer commodity trading. You cannot trade at MCX or NCDEX through HDFC.
• In the 3-in-1 account, the Demat Account has to be opened with HDFC Bank Ltd as the Depository Participant (DP) and the Bank Account has to be opened with HDFC Bank as the Banker.
• HDFC’s minimum brokerage charge is Rs 25 per trade which is very high. A most discount broker doesn’t have a minimum brokerage.
• HDFC charges flat Rs 0.05 per share brokerage on stocks quoting up to Rs 10. This makes it very difficult to trade in penny stocks

5. ICICI DIRECT

ICICIdirect is one of the largest full-service retail stockbrokers with a range of brokerage plans to suit each investor type. ICICIdirect brokerage plans include various low-cost schemes that allow brokerage-free Futures trading and access to various value-added services. The value-added services differ from plan to plan and include instant fund withdrawal in case of sell trades, exclusive research content, buy now and pay later, etc.

ICICIdirect Account Open Charges | ICICIdirect AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)
Demat Account Opening Charges (One Time)	Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 300 (from 2nd year)

ICICIdirect Brokerage Charges 2022

The customer pays a commission (brokerage) when buying or selling stocks through ICICIdirect. The brokerage charges for equity, commodities, and currency derivative trading for ICICIdirect are explained as below.

ICICIdirect ICICI Neo Plan

Segment	Brokerage Fee
Monthly Fee (Fixed)	NA
Equity Delivery	0.55%
Equity Intraday	Rs 20 per order
Equity Futures	Rs 0 (Free)
Equity Options	Rs 20 per order
Currency Futures	Rs 20 per order
Currency Options	Rs 20 per order
Commodity Futures	Rs 20 per order
Commodity Options	Rs 20 per order

PROS:

• 3-in-1 account integrates your banking, broking, and Demat accounts. All accounts are from ICICI and are very well integrated. This feature makes ICICI the most interesting player in the online trading facility. There is absolutely no manual interference required. This is truly an online trading environment.
• Unlike most of the online trading companies in India which require transferring money to the broker’s pool or towards deposits, at ICICIDirect you can manage your own demat and bank accounts through ICICIdirect.com. Money from selling stock is available in the ICICI bank account as soon as the ICICIDirect receives it.
• Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard.
• Trading is available in both BSE and NSE.
• A low bandwidth website is available for slow internet connection or for trading from mobile devices.
• Through VTC Feature (Valid Till Cancelled), customers can place buy or sell limit orders which will remain valid for 45 days.

CONS:

1. ICICIdirect brokerage is high and not negotiable. The brokerage can be brought down by subscribing to ICICIdirect Prime or prepaid brokerage plans.
2. ICICI minimum brokerage charge as per the standard I-Secure Plan is Rs 35 per trade which is very high for traders who do small trades.
3. ICICI charges flat Rs 0.05 per share brokerage on stocks quoting up to Rs 10. This makes it very difficult to trade in penny stocks.
4. ICICIdirect charges Rs 25 per call for call & trade after the first 20 free calls in a month.

6. Kotak Securities 

Kotak Securities Ltd is a full-service stock broker offering 3-in-1 accounts (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency), and mutual funds. It also offers services like Portfolio Management services (PMS), research, margin trade funding, depository services, and third-party products like insurance.

Kotak Securities Account Open Charges | Kotak Securities AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0
Demat Account Opening Charges (One Time)	Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 600

Kotak Securities Brokerage Charges 2022

The customer pays a commission (brokerage) when buying or selling stocks through Kotak Securities. The brokerage charges for equity, commodities, and currency derivative trading for Kotak Securities are explained below.

Kotak Securities Trade Free Plan

Segment	Brokerage Fee
Monthly Fee (Fixed)
Equity Delivery	0.25% or Rs 20 whichever is higher
Equity Intraday	Free
Equity Futures	Delivery: Rs 20 per trade | Intraday: Free
Equity Options	Delivery: Rs 20 per trade | Intraday: Free
Currency Futures	Delivery: Rs 20 per trade | Intraday: Free
Currency Options	Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures	Delivery: Rs 20 per trade | Intraday: Free
Commodity Options	Delivery: Rs 20 per trade | Intraday: Free

Pros:

• Kotak Securities offers a 3-in-1 account. 
• 25+ years of trusted service.
• Low-cost online discount brokerage plans are available.
• Zero brokerage plan for investors up to the age of 30 years.

Cons:

• A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
• High Equity delivery brokerage charges.
• Very high brokerage in dealer-assisted brokerage plan.

7. Sharekhan

Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over the last 10+ years through its a very successful online trading platform and a chain of franchises located in almost every part of India. Sharekhan also has an international presence in the UAE and Oman.

Sharekhan offers its services to all kinds of customers including individual investors and traders, corporate, institutional, and NRI. Sharekhan offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, and commodities trading facilities on MCX and NCDEX. Sharekhan also offers depository services (Demat account) and the option to invest in mutual funds and IPOs.

Sharekhan Account Open Charges | Sharekhan AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0 (Free)
Demat Account Opening Charges (One Time)	Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 400 (Free for 1st year)

The customer pays a commission (brokerage) when buying or selling stocks through Sharekhan. The brokerage charges for equity, commodities, and currency derivative trading for Sharekhan are explained below.

Sharekhan Classic Account

Segment	Brokerage Fee
Monthly Fee (Fixed)
Equity Delivery	0.50%
Equity Intraday	0.10%
Equity Futures	0.10%
Equity Options	Rs 50 per lot
Currency Futures	0.10%
Currency Options	Rs 30 per lot
Commodity Futures	0.03%
Commodity Options	0.03%

PROS:

• Sharekhan offers a different trading platforms to suit customer requirements. This includes online browser-based trading, Installable terminal, mobile, call n trade, and in-person trade through branch offices.
• It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas are available to them.
• Sharekhan offers online and classroom training, seminars, and workshops to investors.
• Sharekhan doesn’t charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
• Sharekhan doesn’t charge for DP transactions. Share transfer from and to the DP account is free.
• Sharekhan has an India-wide network of branches. You can find surely find a Sharekhan in your neighborhood.
• Call & Trade facility is free with Sharekhan.
• Sharekhan allows fixed deposits as collateral for future and option trading.

CONS:

• Sharekhan doesn’t offer 3-in-1 accounts as they don’t provide banking services.
• The brokerage charges are % based which are higher in comparison to flat fee brokers.
• They charge a minimum brokerage of 10 paise per stock and would not let you trade stocks below Rs 20. (If you trade, you will lose the majority of your money in brokerage).
• Classic account holders cannot trade commodities.

8. 5paisa

5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients. 5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX.

5paisa Account Opening Charges & AMC

Service	Charges
Trading Account Opening Charges (One Time)	Rs 300
Trading Annual maintenance charges (AMC)	Rs 0
Demat Account Opening Charges (One Time)	Rs 0
Demat Account Maintenance Charges (AMC)	Rs 540 yearly (charged as Rs 45 per traded month)

5Paisa Trading Brokerage Charges

Segment	Brokerage Fee
Equity Intra-day	Rs 20 per trade
Equity Delivery	Rs 20 per trade
Equity Futures	Rs 20 per trade
Equity Options	Rs 20 per trade
Commodity Futures	Rs 20 per trade
Commodity Options	Rs 20 per trade
Currency Futures	Rs 20 per trade
Currency Options	Rs 20 per trade

PROS:

• Flat 20 Rs/order irrespective of the size of the trade, segment, or exchange.
• All in one account to invest in stocks, mutual funds, commodities, currency, research, and advisory.
• Lowest DP Charges
• Free Mutual Fund account
• Multilingual trading app
• Free trading platform including mobile app, website, and desktop trading terminal. No software charges.
• Provide Stock Investment Ideas and Research tools
• Algo trading and Robo Advisory services

CONS:

• Margin funding is given to the customers without notice. This causes major confusion and customers pay hefty interest charges.
• Very high demat debit transaction charges. They charge Rs 25 or 0.025% in the Optimum plan.
• Higher exchange transaction charges in competition to other discount brokers.
• Call & Trade is available at an additional cost of Rs 100 per call in the Optimum plan. The customer can place any number of trades in one call for Flat Rs 100 fee.
• Research & advisory services are not available in the Optimum Plan.
• 5Paisa doesn’t offer NRI Trading services.

9. MOTILAL OSWAL

Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India-based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since its inception in 2003

Motilal Oswal has a diversified client base that includes retail customers (including High Net worthy Individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients.

As of March 2018, Motilal Oswal had a network spread over 500+ cities and towns comprising 2,200+ Business Locations operated by the company and its Business Partners. The company has over 10,00,000 registered customers with over Rs 69,500 Crores in depository assets.

Motilal Oswal Account Open Charges | Motilal Oswal AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 0
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0
Demat Account Opening Charges (One Time)	Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Free (Rs 400 2nd year onward)

Motilal Oswal Brokerage Charges 2022

Customer pays a commission (brokerage) when buying or selling stocks through Motilal Oswal. The brokerage charges for equity, commodities and currency derivative trading for Motilal Oswal are explained as below.

Motilal Oswal Default Plan

Segment	Brokerage Fee
Monthly Fee (Fixed)
Equity Delivery	0.50%
Equity Intraday	0.05% (both side)
Equity Futures	0.05% (both side)
Equity Options	Rs 100 per lot (both side)
Currency Futures	Rs 20 per lot (both side)
Currency Options	Rs 20 per lot (both side)
Commodity Futures	0.05% (both side)
Commodity Options

PROS:

• 20+ years of experience in trading and investment.
• Wide Range of Investment Choices – Equity, Derivatives, IPO, Mutual Funds, Insurance and Fixed Deposit.
• Value Pack Brokerage Schemes offers low brokerage options.
• Complete Ease of Operation with more than 60 banks for Fund Transfer.
• Free research advisory services.
• Free trading software.

CONS:

• Very high brokerage charges in comparison with the discount brokers like Zerodha and 5paisa.
• The brokerage in the value pack scheme is competitive but it requires upfront fees at the time of opting for the plan. The value pack plans cannot be updated or canceled once selected.
• Doesn’t offer a 3-in-1 account

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10. Axis Direct

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 top 10 stock brokers in India with over 4.2 lakhs active customers.

AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCDs, ETFs,s and Company Fixed Deposits. Axis Sec also offers Home Loans, Auto Loans, Personal Loans, Loans against Property, Loans against Shares Loans for SMEs, Credit and Prepaid Cards.

AxisDirect offers 3-in-1 account, an integrated Trading, Demat, and Bank account. This account offers a seamless transaction of money and shares between the 3 accounts. It simplifies trading for the customers especially beginners and casual traders.

AxisDirect Account Open Charges | AxisDirect AMC 2022

Transaction	Fee
Trading Account Opening Charges (One Time)	Rs 900
Trading Annual Maintenance Charges AMC (Yearly Fee)	Rs 0
Demat Account Opening Charges (One Time)	Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)	Rs 650

AxisDirect Brokerage Charges 2022

The customer pays a commission (brokerage) when buying or selling stocks through AxisDirect. The brokerage charges for equity, commodities, and currency derivative trading for AxisDirect are explained below.

AxisDirect Standard Brokerage Plan

Segment	Brokerage Fee
Monthly Fee (Fixed)	NA
Equity Delivery	0.50%
Equity Intraday	0.05%
Equity Futures	0.05%
Equity Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures	0.05%
Currency Options	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures	0.03%
Commodity Options	Rs 50 per lot

PROS:

• Axis Direct offers a 3-in-1 account. This includes Bank, Demat, and Trading accounts. This makes trading and investing very easy.
• Axis Direct offers a large number of products under one single brand/website.
• Axis Direct offers free research reports to its customers.
• Axis Direct offers classroom sessions, webinars, Online Tutorials, and Articles by Experts to help beginners understand the basics.

CONS:

• Very high brokerage in comparison to discount stock brokers like Zerodha.

FAQ: