Axis Direct Vs Trade Plus Online

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Axis Direct Vs Trade Plus Online 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 Trade Plus Online Comparison

Here is a point by point comparison of Axis Direct Vs Trade Plus Online.

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.

TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010.

It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.

They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.

Discount brokers such as Trade Plus Online offer trading services at much cheaper brokerage rates and reasonable customer service.

Full-service brokers such as 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 Trade Plus Online 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 Trade Plus Online 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	Trade Plus Online Review
OVERVIEW
Broker Type	Full Service Broker	Discount Broker
Incorporated In the Year	2006	1995
Number of branches across India	73	300
Exchanges	NSE, BSE, MSEI and MCX-SX	NSE, BSE, MCX
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹999	₹199
Trading Account Annual Maintenance Charges	₹0	₹499 (for 5 years)
Demat Account Opening Charges	₹0	₹0
Demat Account Annual Maintenance Charges	₹650	₹0
Transaction Charges	Axis Direct Transaction Charges	TradePlus Online Transaction Charges
BROKERAGE
Equity Delivery	0.5%	0.1%
Intraday Delivery	0.05%	0.01%
Equity Futures	0.05%	₹799 per month for Unlimited trading or 0.01% whichever is lower
Equity Options	₹100 per lot	₹99 per month for Unlimited trading or 0.01% whichever is lower
Currency Futures	0.05%	₹99 per month for Unlimited trading or 0.01% whichever is lower
Currency Options	₹100 per lot	₹99 per month for Unlimited trading or 0.01% whichever is lower
Commodity	NA	₹99 per month for Unlimited trading or 0.01% whichever is lower
Brokerage Calculator	Axis Direct Brokerage Calculator	TradePlus Online Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 10 times for Intraday, 0 for Delivery	4 times for Delivery on Shares when VAR margin is less than 20%
Equity Futures	No Leverage	NA
Equity Options	No Leverage	Upto 2 times for Intraday
Currency Futures	No Leverage	NA
Currency Options	No Leverage	Upto 2 times for Intraday
Commodities	NA	Upto 2 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	Nest On Web, Infini Trader, TradPlus Mobile
Total BSE+NSE Complaints	39	140
OVERALL RATING
	Get a Call Back	Get a Callback

*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 Trade Plus Online for the benefits of other readers? Please feel free to share in the comments below.

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