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Axis Direct Vs Edelweiss Broking
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Axis Direct Vs Edelweiss Broking comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Axis Direct Vs Edelweiss Broking Comparison
Here is a point by point comparison of Axis Direct Vs Edelweiss Broking.
Edelweiss Broking is a full-service broker based out of Mumbai with clients across Institutional, retail and corporations. It has a client base of around 9 lakh clients and covers around 237 locations from 120+ cities of India.
Edelweiss acquired J.P. Morgan asset management company in March 2016 thus widening its coverage and hold in the commodities segment.
Axis Direct is the stockbroking arm of Axis Bank and has coverage in 70+ cities of the country. The broker has developed its own trading platforms and allows its clients to trade across multiple financial segments through them. It also provides 3 in 1 demat account as a huge convenience.
Full-service brokers such as Edelweiss Broking or Axis Direct will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Axis Direct Vs Edelweiss Broking to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Axis Direct Vs Edelweiss Broking Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Axis Direct Review | Edelweiss Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 2006 | 2002 |
| Number of branches across India | 73 | 237 |
| Exchanges | NSE, BSE, MSEI and MCX-SX | NSE, BSE, MCX-SX and MSEI |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹999 | ₹1000 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹650 | Free for 1st year, ₹500 from 2nd year |
| Transaction Charges | Axis Direct Transaction Charges | Edelweiss Broking Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% | 0.45% |
| Intraday Delivery | 0.05% | 0.06% |
| Equity Futures | 0.05% | 0.06% |
| Equity Options | ₹100 per lot | ₹150 per lot |
| Currency Futures | 0.05% | 0.050% |
| Currency Options | ₹100 per lot | ₹50 per lot |
| Commodity | NA | NA |
| Brokerage Calculator | Axis Direct Brokerage Calculator | Edelweiss Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, 0 for Delivery | Upto 20 times for Intraday, Upto 4 times for Delivery @interest |
| Equity Futures | No Leverage | Upto 3 times for Intraday |
| Equity Options | No Leverage | Buying No Leverage, Shorting upto 3 times for Intraday |
| Currency Futures | No Leverage | Upto 2 times for Intraday |
| Currency Options | No Leverage | Buying No Leverage, Shorting upto 3 times for Intraday |
| Commodities | NA | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Swift Trade, Web Portal, AxisDirect Mobile app | Xtreme Trader, Traders Lounge, Mobile Trader |
| Total BSE+NSE Complaints | 39 | 78 |
| OVERALL RATING |  | |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Axis Direct Vs Edelweiss Broking for the benefits of other readers?
Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
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A Digital Blogger
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Axis Direct Vs Edelweiss Broking
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