Axis Direct vs Edelweiss Capital – Compare Charges, Trading Features, Offers & more

Find a Comparison of Axis Direct vs Edelweiss Capital here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Axis Direct and Edelweiss Capital.

Background

Year of Incorporation 2006 1996
Website https://simplehai.axisdirect.in/ https://www.nuvamawealth.com/
Phone 022-40508080 1800-102-3335
Exchanges enabled BSE, NSE NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL NSDL/CDSL
Brokerage

Equity 0.50% 0.03% for Intraday, & 0.3% for Delivery
Equity Futures 0.05% 0.03% of Turnover
Equity Options Rs 0.01 per lot Rs 10 per executed order
Currency Futures 0.05% 0.03% of Turnover
Currency Options Rs 0.01 per lot Rs 10 per executed order
Commodity Rs 50 per lot Rs 20 per executed order
Account Opening Costs

Trading only 0 Free
Trading & Demat Rs 900 Rs 500
Commodity N/A Rs 400
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity N/A 0.00325% of Turnover
Futures N/A 0.0019% of Turnover
Options N/A 0.051% of Premium Turnover
Commodities N/A 0.0025% of Turnover
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- Rs 500 per year
DP Transaction Charge N/A Rs 25/ Debit Transaction
Offline order placing Charge N/A NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 22 Days on NEST
End of Day Yes 10 years on NEST
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity N/A Upto 20x for Intraday, Upto 4x for Delivery
Equity Futures N/A Upto 3x for Intraday
Equity Options N/A Buying No Leverage, Shorting upto 3x for Intraday
Currency Futures N/A Upto 2x for Intraday
Currency Options N/A Buying No Leverage, Shorting upto 2x for Intraday
Commodity N/A Upto 3x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 4,242.21 Crores Rs 7.7 Crores
Profit after Tax FY12/13 5,179.43 Crores Rs 18.8 Crores
Profit after Tax FY13/14 6,217.67 Crores Rs 45.1 Crores
Profit after Tax FY 14/15 7,357.82 Crores Rs 19.5 Crores
Profit after Tax FY 15/16 8,223.66 Crores Rs 36.04 Crores
Profit after Tax FY 16/17 3,679.28 Crores Rs 29.60 Crores
Profit after Tax FY 17/18 275.68 Crores Rs 33.39 Crores
Profit after Tax FY 18/19 4,677 Crores Rs 33.74 Crores
Profit after Tax FY 19/20 2,898 Crores Rs 28.61 Crores
Profit after Tax FY 20/21 16,455 Crores Rs 39.73 Crores
Profit after Tax FY 21/22 22,913 Crores Rs 33.44 Crores
Profit after Tax FY 22/23 20,091 Crores Rs 36.01 Crores
Debt FY11/12 N/A Rs 903 Crores
Debt FY12/13 N/A Rs 1262 Crores
Debt FY13/14 N/A Rs 647 Crores
Debt FY14/15 N/A Rs 514 Crores
Debt FY15/16 N/A Rs 555.34 Crores
Debt FY16/17 N/A Rs 724.55 Crores
Debt FY17/18 N/A Rs 610.99 Crores
Debt FY18/19 N/A Rs 818.35 Crores
Debt FY19/20 N/A Rs 680.37 Crores
Debt FY20/21 N/A Rs 851.19 Crores
Debt FY21/22 2,08,277.52 Rs 681.13 Crores
Debt FY22/23 N/A Rs 647.23 Crores
Profit to Equity(%) FY11/12 20.13% 3.11%
Profit to Equity(%) FY12/13 21.22% 4.57%
Profit to Equity(%) FY13/14 20.51% 10.9%
Profit to Equity(%) FY14/15 18.23% 16.14%
Profit to Equity(%) FY15/16 18.57% 19.93%
Profit to Equity(%) FY16/17 17.49% 21.00%
Profit to Equity(%) FY17/18 7.22% 20.41%
Profit to Equity(%) FY18/19 0.53% 16.42%
Profit to Equity(%) FY19/20 8.09% 21.57%
Profit to Equity(%) FY20/21 2.34% 21.27%
Profit to Equity(%) FY21/22 20.3% 28.52%
Profit to Equity(%) FY22/23 19.17% 22.05%
Balance Sheet Size FY11/12 285,627.79 Rs 1893 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 1922 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 2094 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 2217.90 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 2509 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 2718.29 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 3065.71 Crores
Balance Sheet Size FY18/19 800,997 Rs 3400.75 Crores
Balance Sheet Size FY19/20 915,165 Rs 3450.57 Crores
Balance Sheet Size FY20/21 986,798 Rs 3548.80 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 3718.25 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 3923.80 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Axis Direct or Edelweiss Capital?

Axis Direct Securities and Edelweiss Capital are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Axis Direct and Edelweiss Capital offer mobile trading apps?

Yes, both Axis Direct Securities and Edelweiss Capital provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Edelweiss Capital and Axis Direct?

The account opening charges by brokers Axis Direct and Edelweiss Capital for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Axis Direct and Edelweiss Capital are SEBI-registered brokers with good reputations. Axis Direct is known for its trading platforms, while Edelweiss Capital is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Axis Direct and Edelweiss Capital offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.