The primary objective of this content is to discuss the Axis Direct Brokerage Charges in detail. Traders and investors always try to find out the brokerage charged by a broker house before trading with them. This article will address all of their queries regarding the Axis Direct Charges.
Axis Direct is a popular name in the stock business that is trusted by a large number of traders. It is an esteemed financial institution that has offered exceptional services to its clients. Therefore, anyone who wants to trade with this renowned broker house should not leave out any portion of this article.
|Equity Delivery Trading||0.50%|
|Equity Intraday Trading||0.05%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the Axis Direct Brokerage Charges?
|What are the Equity Delivery Charges?||0.50%|
|What are the Equity Intraday Charges?||0.05%|
|What is the brokerage on Equity Futures?||0.05%|
|How much brokerage charged for Equity Options?||Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot|
|What is the brokerage on Currency Futures?||0.05%|
|What is the brokerage on Currency Options?||Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot|
|How much brokerage charged for Commodity Trading?||0.03% / Rs 50 per lot|
|Brokerage Calculator||Axis Direct Brokerage Calculator|
This portion of the article will explain the brokerage charges levied by Axis Direct on all the products. This broker house has divided the charges into different categories, and clients have to pay according to the charges fixed for each category.
The choices of financial products available with Axis Direct are equities, futures, options, currencies, and commodities. The Axis Direct Brokerage charged on equity delivery is between 0.2% and 0.6%. Charges imposed for trading equity intraday is only 0.05%.
Traders have to pay a brokerage fee between 0.03% and 0.05% for trading in equity futures. Axis Direct levies only Rs.10 for trading one lot of equity options. The brokerage on currency futures is also very low, and it is only 0.03% to 0.05%.
Another Rs.10 is charged for trading a single lot of currency options which is rare in the market. The Axis Direct Charges on trading commodities is unavailable, as the company does not provide trading in this segment.
We run a brokerage calculator that helps traders in calculating the exact brokerage fee they need to pay. This calculator can be used online and helps in learning the charges before trading.
Open Demat Account with Axis Direct Now! – Fill up the Form
What are the Axis Direct Account Opening Charges?
|Account Opening Charges|
|Is there any Trading Account Charges [One Time]?||Rs 900|
|How much is the Trading Account AMC [Yearly]?||Rs 0|
|Is there any Demat Charges [One Time]?||Rs 0|
|How much is the Demat AMC [Yearly]?||Rs 650|
|Any minimum Margin Money required?||75% Margin|
Clients are charged with an account opening fee for opening a trading account and a Demat account with any broker house. These charges vary with the broker houses and are imposed only once in a lifetime. The Axis Direct Account Opening Charges will be discussed below.
Traders have to pay Rs.900 for opening a trading account with Axis Direct. They can get introduced to the whole world of financial trading by paying this amount just for one time. The broker house does not charge any annual maintenance fee from its clients for holding a trading account which is very relieving.
Clients, however, need not pay a single penny as the Axis Direct Demat Charges. The Demat account can be opened for free, and the company will offer all types of services required to its clients.
A maintenance fee of Rs.650 is levied on the Demat account, and one can get a wide range of service in exchange. A minimum margin amount of 75% Margin should be maintained by a trader in his bank account for trading with Axis Direct.
Find out Brokerage & Other Charges of Stock Brokers
What are the Axis Direct Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||0.00325%|
|What are the Transaction Charges for Equity Intraday?||0.00325%|
|How much is the Transaction Charges for Equity Futures?||0.00190%|
|How much is the Transaction Charges for Equity Options?||0.05000%|
|What are the Transaction Charges for Currency Futures?||0.00190%|
|What are the Transaction Charges for Currency Options?||0.05000%|
|Any Transaction Charges for Commodity Trading?||NA|
Transaction charges are levied on all the transactions done from a trading account of a broker house. Axis Direct also charges transaction fees, but it is a very small amount and will not affect the overall profit of the trader.
The Axis Direct Transaction Charges for equity delivery is 0.00325%. Traders have to pay a similar transaction fee for trading equity intraday. The transaction charge on equity futures is much lower than the previous two, and it is 0.0019%.
Axis Direct imposes a transaction charge of 0.05% on equity options. The broker house maintains a minimal transaction fee of 0.0019% on trading currency futures.
Transaction charges on currency options are the same as that of equity options, 0.05%. There are no Axis Direct Charges on commodity trading, the segment is unavailable presently.
What are the other remaining Axis Direct Charges?
|How much is the Transaction Charges levied?||0.0002% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% of (Brokerage + Transaction Charges)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 20 per instruction|
|Any charges Account Closure?||NIL|
|What are the Dematerialisation Charges?||Rs 5/- per certificate or Rs 50/- per request, whichever is higher.|
A trader is obliged to pay a small amount of charge to the government for trading any financial product. These charges come under ‘other charges’ and are deducted besides the transaction fees and the brokerage charges.
This portion of the article will discuss those miscellaneous charges that a client has to pay while trading with Axis Direct. Axis Direct Charges /Govt Charges are transaction fee of 0.0002% of the total turnover. It imposes an STT charge of 0.0126 of the total turnover of the trader.
The state government levies a Stamp Duty between 0.002% and 0.004% which depends on the state where the trader is processing the transaction. Clients have to pay a GST of 18% on the total of his brokerage charges and transaction fees.
Axis Direct Charges 18% + GST on the margin fund. The broker house imposes a reactivation charge of Rs.20 on one segment and NIL for closing an account. There is also a dematerialization charge of Rs 5/- per certificate or Rs 50/- per request, whichever is higher, imposed by Axis Direct.
Check out Charges of other Stock Brokers
General FAQs on Axis Direct Charges
Lets have a look at the FAQs on Axis Direct Charges:
Does Axis Direct provide fixed brokerage options?
Yes, Axis Direct provides fixed brokerage options to the traders.
Does Axis Direct have different brokerage charges for penny stocks?
No, stockbroker does not impose different brokerage fees for penny stocks.
Can I calculate Axis Direct brokerage even before I place a Trade?
Yes, we maintain a robust brokerage calculator with advanced features.
Can I calculate Axis Direct margin / limit / exposure?
Yes, traders can calculate margin, limit, and exposure before trading with Axis Direct.
Is there any account opening fees by Axis Direct?
Yes, this broker house charges account opening fees for trading accounts.
Is there any AMC levied by Axis Direct?
No, there is no Annual Maintenance Charge levied by Axis Direct.
Axis Direct Charges – Conclusion
It can be concluded from this article on Axis Direct that it has every reason to be called a top stock broker in the country. The Axis Direct Charges are levied tactfully to ensure clients earn the maximum profit.
No Axis Direct Demat Charges are imposed on the clients, and that will encourage new investors to a major extent. So, anyone looking to trade with a reliable financial institution should contact Axis Direct without any hesitation.
Open Demat Account with Axis Direct Now! – Fill up the Form
Find out Brokerage Charges of other Stock Brokers
Most Read Topics
|Top 10 Trading Platforms|
|Best Mobile Trading App|
|Top 10 Stock Brokers in India|
|Best Intraday Brokers in India|
|Stock Brokers Review|