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AxisDirect Vs mStock (Compare AxisDirect and mStock)

Axis Securities Logo

About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

Mirae Asset Capital Markets Logo

About mStock
Incorporated in April 2022 by Mirae Asset Capital Markets (India) Pvt Ltd, m.Stock offers a comprehensive range of stockbroking services to retail clients under its brand. It offers investment opportunities in stocks, currencies, IPOs and direct mutual funds. One of the platform's most attractive features is the lifetime zero brokerage plan with a one-time fee of Rs 999. Unlike most brokers, this plan ensures zero brokerage on F&O, Intraday, Delivery, IPOs, ETFs, Currency and Mutual Funds, m... Know more about Mirae Asset Capital Markets

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AxisDirect Vs mStock

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 2022, mStock is a Discount. It offers trading at BSE, NSE, MCX. It has 0 branches across India.

  AxisDirect mStock
Type of Broker Full Service Broker Discount
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2006 2022
Number of Branches 56 0

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AxisDirect Vs mStock Charges & AMC

AxisDirect trading account opening charges is Rs 900 while mStock account opening changes is Rs 999 (One TIme Cost). AxisDirect Demat Account AMC Charges is Rs 650 and mStock Demat Account AMC Charges is Annual Rs. 480 + GST (To be recovered on a Quarterly basis).

  AxisDirect mStock
Trading Account Opening Charges Rs 900 Rs 999 (One TIme Cost)
Trading Account AMC Charges Rs 0 Annual Rs. 480 + GST (To be recovered on a Quarter
Demat Account Opening Charges Rs 0 Rs 999 (One TIme Cost)
Demat Account AMC Charges Rs 650 Annual Rs. 480 + GST (To be recovered on a Quarterly basis)

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AxisDirect Vs mStock Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas mStock brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free).

Account Type AxisDirect Standard Brokerage Plan mStock Lifetime Zero Brokerage Plan
Fixed Charges NA Rs 999 (One Time Payment)
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% Rs 0 (Free)
Equity Futures 0.05% Rs 0 (Free)
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 0 (Free)
Currency Futures 0.05% Rs 0 (Free)
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 0 (Free)
Commodity Futures 0.03% NA
Commodity Options Rs 50 per lot NA
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 Vs mStock Brokerage Plan 2

  AxisDirect mStock
Account Type Standard Brokerage Plan Rs 0 Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% Rs.20 per Executed Order/0.3%of the turnover value
Equity Futures 0.05% Rs 20 as per executer order
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 20 as per executer order
Currency Futures 0.05% Rs 20 as per executer order
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 20 as per executer order
Commodity Futures 0.03% NA
Commodity Options Rs 50 per lot NA

AxisDirect Charges Vs mStock

Minimum Brokerage Rs 20 per trade
Other Charges Rs 20/order - MTF
Call & Trade Charges Rs 20 per call Rs 0 (Free)

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AxisDirect Vs mStock Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while mStock exchange transaction charges for options is NSE Rs 4950 per Cr (0.0495%) (on premium).

  AxisDirect mStock
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 188 per Cr (0.00188%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 4950 per Cr (0.0495%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 9 per Cr (0.00009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 35 per Cr (0.00035%) (on premium)
Commodity

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AxisDirect Vs mStock Leverage (Margin)

AxisDirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the mStock margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  AxisDirect mStock
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)

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Compare AxisDirect and mStock Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. mStock offers Mobile App & Web Platform trading software.

  AxisDirect mStock
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform DirectTrade, Axisdirect Web, Axisdirect Mobile Mobile App & Web Platform
Intraday Square-off Time 3:15
Trading In SME Shares Allowed? Yes
Referral Program Yes Yes
Other Features Buyback Trading

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AxisDirect Vs mStock Review

AxisDirect is rated 2.0 of 5 based on 89 customer reviews whereas .

  AxisDirect mStock
  89 Customer Reviews    Rate AxisDirect Customer Reviews    Rate mStock
Fees 2.0
Brokerage 1.8
Trading Platform 2.5
Customer Service 2.1
Research Capabilities 2.7
Overall Ratings Rated 2.0 stars
Broker Rating AxisDirect is rated 2.0 of 5 based on 89 customer reviews

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Contact Broker / Request A Call Back

  AxisDirect Enquire mStock Enquire
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.

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AxisDirect Vs mStock Investment Options

  AxisDirect mStock
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, ETF, Corporate FD Pay Later (MTF), Pledge Shares

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AxisDirect Vs mStock Order Type Offered

  AxisDirect mStock
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes

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AxisDirect Vs mStock Research Report

  AxisDirect mStock
Daily Market Report Yes
Free Tips Yes
Quarterly Result Analysis Yes
News Alerts Yes

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AxisDirect Vs mStock Suitable For Investor Type

  AxisDirect mStock
Casual Investor Yes
Active Investor
Trader

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AxisDirect Vs mStock - Pros and Cons

  AxisDirect mStock
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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