Axis Direct vs Zerodha | Broker Comparison

Axis Direct vs Zerodha

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

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...

Zerodha

Zerodha

Active Clients: 68,62,233

Zerodha holds the position of India's top stockbroker, ranking among the largest and most esteemed brokers providing online **flat fee discount brokerage** services for investments in Equity, Currency, Commodity, IPO,...

Side-by-Side Compare Table

Category	AxisDirect	Zerodha
Basic Details	•Broker Type: Full-service broker (Axis Securities) •Founded: 2005	•Broker Type: Discount broker •Founded: 2010
Charges & AMC	•Demat Account Opening: Rs 0 •Demat AMC: Rs 750 per year (first year free in listed offer)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0
Brokerage	•Brokerage is plan based. •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.	•Equity Delivery: Rs 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
Other Charges	•MTF interest is plan dependent. •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.	•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.
Leverage (Margin)	•E-Margin (T+240) proposition is highlighted. •Margin Trading Facility interest rates vary by plan.	•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.
Features	•Axis Bank-backed 3-in-1 integration. •30+ product access including unlisted shares and SLBM.	•Market-leading client base and volume share. •Transparent flat-fee pricing model.
Trading Platforms	•Axis Direct Investor App •Axis Direct Trader App	•Zerodha Kite (web and mobile) •Coin (mutual funds)
Reviews & Ratings	•Positioned as a trusted bank-backed full-service option. •In this source extract, no single numeric overall rating is explicitly listed.	•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.
Investment Options	•Equity and derivatives •Mutual funds and SIP	•Equity •F&O
Order Types Offered	•Standard order types on mobile/web/desktop •GTD support referenced in app features	•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners
Suitable For (Investor Type)	•Users who want banking + Demat + trading linkage. •Investors needing research-backed and branch-enabled service.	•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem.
Pros and Cons	•Pros: •Strong 3-in-1 ecosystem with Axis Bank integration.	•Pros: •Zero delivery brokerage and low flat intraday/F&O fees.

Detailed Comparison

Basic Details

AxisDirect	Zerodha
•Broker Type: Full-service broker (Axis Securities) •Founded: 2005 •SEBI Registration: INZ000161633 •NSE Member Code: 14816 •Net Worth: Rs 1804.95 Cr	•Broker Type: Discount broker •Founded: 2010 •SEBI Registration: INZ000031633 •NSE Member Code: 13906 •Net Worth: Rs 14374.75 Cr

Charges & AMC

AxisDirect	Zerodha
•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)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 •Demat AMC: Rs 300 per year

Brokerage

AxisDirect	Zerodha
•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.	•Equity Delivery: Rs 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower) •Equity Futures: Flat Rs 20 or 0.03% (whichever is lower) •Equity Options: Flat Rs 20 per executed order •Mutual Funds (direct): Rs 0

Other Charges

AxisDirect	Zerodha
•MTF interest is plan dependent. •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.	•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.

Leverage (Margin)

AxisDirect	Zerodha
•E-Margin (T+240) proposition is highlighted. •Margin Trading Facility interest rates vary by plan.	•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.

Features

AxisDirect	Zerodha
•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.	•Market-leading client base and volume share. •Transparent flat-fee pricing model. •Strong ecosystem: Kite, Coin, Varsity, and partner tools.

Trading Platforms

AxisDirect	Zerodha
•Axis Direct Investor App •Axis Direct Trader App •Trader EXE desktop terminal •NXTOptions, Greeksoft, Spider, and allied advanced tools	•Zerodha Kite (web and mobile) •Coin (mutual funds) •Ecosystem tools: Streak, Sensibull, Smallcase, and more

Reviews & Ratings

AxisDirect	Zerodha
•Positioned as a trusted bank-backed full-service option. •In this source extract, no single numeric overall rating is explicitly listed.	•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.

Investment Options

AxisDirect	Zerodha
•Equity and derivatives •Mutual funds and SIP •IPO, ETF, NCD, fixed income •Commodities, insurance, tax-saving products, unlisted stocks	•Equity •F&O •Currency and commodity •IPO, bonds, G-Secs •Direct mutual funds

Order Types Offered

AxisDirect	Zerodha
•Standard order types on mobile/web/desktop •GTD support referenced in app features •Advanced derivatives and options workflow tools	•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners

Suitable For (Investor Type)

AxisDirect	Zerodha
•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.	•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem. •Beginners and advanced users due to education plus platform depth.

Pros and Cons

AxisDirect	Zerodha
•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.	•Pros: •Zero delivery brokerage and low flat intraday/F&O fees. •Strong product ecosystem and technology maturity. •Trusted and transparent pricing structure. •Cons: •No branch-heavy assisted full-service model. •Some advanced workflows rely on external integrated tools.

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.