FREE Equity Delivery and MF
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The side-by-side comparison of AxisDirect and Trustline NRI Account. Compare AxisDirect Vs Trustline NRI Account brokerage charges, exposure margin, demat account and AMC. Read Trustline and AxisDirect NRI Account reviews.
Find out AxisDirect Vs Trustline which is better NRI Trading Account. See AxisDirect Vs Trustline which is best NRI Demat Account.
Our Axis Securities comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between AxisDirect and Trustline NRI Account.
AxisDirect | Trustline | |
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About the Broker | Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... | Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... |
Account Type | NRI Account | |
Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
AxisDirect | Trustline | |
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NRI Account Opening Fees | ₹2500 | ₹0 |
NRI Account AMC | ₹0 | ₹1000 + GST |
NRI Demat Account Opening Fees | Rs 0 | Regular: Rs 0, Lifetime Free AMC: Rs 1000 |
NRI Demat Account AMC | Rs 650 | Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 |
PIS Account AMC | NA | |
RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
Account Type | AxisDirect NRI Account | Trustline |
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Equity Delivery | 0.75% | 0.03 (3 paise) |
Equity Futures | 0.05% | 0.30 (30 paise) |
Equity Options | Intraday: 1p per lot, Carry Forward: ₹10 per lot | ₹75 per lot |
Contract Note Reporting Charges | ₹0 | |
Other Brokerage Charges | PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50 | |
TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
AxisDirect | Trustline | |
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Securities Transaction Tax (STT) |
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Exchange Transaction Charges | Check Exchange Transaction Fee | |
SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
AxisDirect Margin | Trustline Margin | |
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Equity Delivery | 1x | 1x |
Equity Futures | 1x | 1x |
Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage. |
AxisDirect | Trustline | |
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3-in-1 Account | ||
Automated Trading | ||
Free Research And Tips | ||
Other Features | ||
AxisDirect Enquire | Trustline Enquire | |
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Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
AxisDirect | Trustline | |
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Stocks | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Other Investment Options |
AxisDirect | Trustline | |
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Customer Care Number | +91 22 4257 0809 | (0120) 4613-888 |
Customer Care Email | helpdesk@trustline.in | |
AxisDirect | Trustline | |
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Bracket Order | ||
Cover Order | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) |
AxisDirect | Trustline | |
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Pros |
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Cons |
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Conclusion
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AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance. |
Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline. |
Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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