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HomeStock BrokerICICIdirect vs Axis Direct

ICICIdirect vs Axis Direct

Side-by-side view of features, pricing context, and platform fit.

ICICIdirect

ICICIdirect

Active Clients: 20,45,086

ICICIdirect is a prominent retail stock broker in India, operating as part of the ICICI Group, and provides online trading and investment services spanning equity, derivatives, IPO, mutual funds, fixed deposits, bonds...

Axis Direct

Axis Direct

Active Clients: 4,11,423

Established in 2005, Axis Securities Ltd is a subsidiary of Axis Bank, a prominent private bank in India. Axis Sec serves as a comprehensive broker, providing stock broking services and distributing financial products...

Side-by-Side Compare Table

CategoryICICIdirectAxisDirect
Basic Details
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
  • •Broker Type: Full-service broker (Axis Securities)
  • •Founded: 2005
Charges & AMC
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
  • •Demat Account Opening: Rs 0
  • •Demat AMC: Rs 750 per year (first year free in listed offer)
Brokerage
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
  • •Brokerage is plan based.
  • •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
Other Charges
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
  • •MTF interest is plan dependent.
  • •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
Leverage (Margin)
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.
  • •E-Margin (T+240) proposition is highlighted.
  • •Margin Trading Facility interest rates vary by plan.
Features
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
  • •Axis Bank-backed 3-in-1 integration.
  • •30+ product access including unlisted shares and SLBM.
Trading Platforms
  • •ICICIdirect.com website
  • •ICICIdirect mobile app
  • •Axis Direct Investor App
  • •Axis Direct Trader App
Reviews & Ratings
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.
  • •Positioned as a trusted bank-backed full-service option.
  • •In this source extract, no single numeric overall rating is explicitly listed.
Investment Options
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
  • •Equity and derivatives
  • •Mutual funds and SIP
Order Types Offered
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
  • •Standard order types on mobile/web/desktop
  • •GTD support referenced in app features
Suitable For (Investor Type)
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
  • •Users who want banking + Demat + trading linkage.
  • •Investors needing research-backed and branch-enabled service.
Pros and Cons
  • •Pros:
  • •Robust integrated banking-broking setup.
  • •Pros:
  • •Strong 3-in-1 ecosystem with Axis Bank integration.

Detailed Comparison

Basic Details

ICICIdirectAxisDirect
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
  • •SEBI Registration: INZ000183631
  • •NSE Member Code: 07730
  • •Net Worth: Rs 4581.84 Cr
  • •Broker Type: Full-service broker (Axis Securities)
  • •Founded: 2005
  • •SEBI Registration: INZ000161633
  • •NSE Member Code: 14816
  • •Net Worth: Rs 1804.95 Cr

Charges & AMC

ICICIdirectAxisDirect
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
  • •Demat debit charge and call-and-trade charges apply
  • •Demat Account Opening: Rs 0
  • •Demat AMC: Rs 750 per year (first year free in listed offer)
  • •Plan-based fee structure applies (for example Elite/Platinum plans)

Brokerage

ICICIdirectAxisDirect
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
  • •MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.
  • •Brokerage is plan based.
  • •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
  • •Platinum Plan example: Delivery 0.07%, Intraday 0.01%, Futures 0.01%, Options Rs 10/order.

Other Charges

ICICIdirectAxisDirect
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
  • •Standard statutory charges apply separately.
  • •MTF interest is plan dependent.
  • •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.

Leverage (Margin)

ICICIdirectAxisDirect
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.
  • •E-Margin (T+240) proposition is highlighted.
  • •Margin Trading Facility interest rates vary by plan.

Features

ICICIdirectAxisDirect
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
  • •Research and multi-product investing workflows.
  • •Axis Bank-backed 3-in-1 integration.
  • •30+ product access including unlisted shares and SLBM.
  • •Research-backed ideas and advisory support.
  • •Relationship manager support for premium users.

Trading Platforms

ICICIdirectAxisDirect
  • •ICICIdirect.com website
  • •ICICIdirect mobile app
  • •Axis Direct Investor App
  • •Axis Direct Trader App
  • •Trader EXE desktop terminal
  • •NXTOptions, Greeksoft, Spider, and allied advanced tools

Reviews & Ratings

ICICIdirectAxisDirect
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.
  • •Positioned as a trusted bank-backed full-service option.
  • •In this source extract, no single numeric overall rating is explicitly listed.

Investment Options

ICICIdirectAxisDirect
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
  • •Commodities
  • •Insurance and other wealth products
  • •Equity and derivatives
  • •Mutual funds and SIP
  • •IPO, ETF, NCD, fixed income
  • •Commodities, insurance, tax-saving products, unlisted stocks

Order Types Offered

ICICIdirectAxisDirect
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
  • •Delivery, intraday, and derivatives order flows
  • •Standard order types on mobile/web/desktop
  • •GTD support referenced in app features
  • •Advanced derivatives and options workflow tools

Suitable For (Investor Type)

ICICIdirectAxisDirect
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
  • •ICICI ecosystem customers who value seamless account linkage.
  • •Users who want banking + Demat + trading linkage.
  • •Investors needing research-backed and branch-enabled service.
  • •Traders who prefer premium pro tools with plan-based pricing.

Pros and Cons

ICICIdirectAxisDirect
  • •Pros:
  • •Robust integrated banking-broking setup.
  • •Broad product basket and research availability.
  • •Strong brand and support infrastructure.
  • •Cons:
  • •Brokerage can be high versus discount peers without optimized plan selection.
  • •Charges and plan structure can feel complex for new users.
  • •Pros:
  • •Strong 3-in-1 ecosystem with Axis Bank integration.
  • •Rich research and platform coverage.
  • •Multiple plans for different trading styles.
  • •Cons:
  • •Pricing is less simple than flat-fee discount brokers.
  • •Higher fixed plan fees may not suit very low-activity users.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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