SBI Securities Vs AxisDirect NRI Account Comparison

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.

1. The largest bank in India with the highest number of branches.
2. Offer 3 in 1 account for convenient online trading
3. Free expert recommendations on trading & investments
4. Assistance from Relationship Managers
5. SBI securities NRI opening fees are lowest among full-service brokers.
6. Mutual fund services are available to NRIs who don't have a trading account.

1. Offers 4-in-1 account for fast trading experience.
2. Offers online Mutual Fund, IPO and NCD services.
3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
5. Free trading and investment recommendations.
6. Assistance from Relationship Managers.
7. GTC and AMO orders.
8. A subsidiary of the reputed Axis Bank.

1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
3. Doesn't offer Good-till canceled (GTC) order.

1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
2. Axis does not provide online trading facility to USA based NRI clients.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

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.