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

Find a Comparison of Axis Direct vs ICICI Direct 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 ICICI Direct.

Background

Year of Incorporation 2006 2000
Website https://simplehai.axisdirect.in/ https://www.icicidirect.com/
Phone 022-40508080 022 3355 1122
Exchanges enabled BSE, NSE NSE & BSE
Demat (NSDL/CDSL) NSDL NSDL & CDSL
Brokerage

Equity 0.50% 0.05% Equity Intraday
Equity Futures 0.05% 0.05% or Rs 50 per Trade
Equity Options Rs 0.01 per lot 0.05% or Rs 50 per Trade
Currency Futures 0.05% Rs 20 per executed order
Currency Options Rs 0.01 per lot Rs 20 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 975 for 3 in 1 Account
Commodity N/A Rs 0
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 0.05% of Turnover
Commodities N/A 0.05% of Turnover
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- Rs 700 per Year
DP Transaction Charge N/A Rs 25/Transaction or 0.05% whichever higher
Offline order placing Charge N/A 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 20 Days
End of Day Yes 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity N/A Upto 1x on Delivery & Upto 5x on Intraday
Equity Futures N/A Upto 4x
Equity Options N/A Not for buying but upto 2x for shorting
Currency Futures N/A 1x
Currency Options N/A 1x
Commodity N/A 1x
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 77.1 Crores
Profit after Tax FY12/13 5,179.43 Crores Rs 68.2 Crores
Profit after Tax FY13/14 6,217.67 Crores Rs 94.9 Crores
Profit after Tax FY 14/15 7,357.82 Crores Rs 159.52 Crores
Profit after Tax FY 15/16 8,223.66 Crores Rs 196.88 Crores
Profit after Tax FY 16/17 3,679.28 Crores Rs 232.64 Crores
Profit after Tax FY 17/18 275.68 Crores Rs 300.80 Crores
Profit after Tax FY 18/19 4,677 Crores Rs 490.63 Crores
Profit after Tax FY 19/20 2,898 Crores Rs 539.16 Crores
Profit after Tax FY 20/21 16,455 Crores Rs 1,067.59 Crores
Profit after Tax FY 21/22 22,913 Crores Rs 1,383.82 Crores
Profit after Tax FY 22/23 20,091 Crores Rs 1,118.43 Crores
Debt FY11/12 N/A Rs 2,209 Crores
Debt FY12/13 N/A Rs 4,219 Crores
Debt FY13/14 N/A Rs 6,317 Crores
Debt FY14/15 N/A Rs 8,250.83 Crores
Debt FY15/16 N/A Rs 9,862.09 Crores
Debt FY16/17 N/A Rs 10,435.99 Crores
Debt FY17/18 N/A Rs 11,755.66 Crores
Debt FY18/19 N/A Rs 12,859.36 Crores
Debt FY19/20 N/A Rs 13,689.28 Crores
Debt FY20/21 N/A Rs 14,536.48 Crores
Debt FY21/22 2,08,277.52 Rs 15,798.99 Crores
Debt FY22/23 N/A Rs 15,882.15 Crores
Profit to Equity(%) FY11/12 20.13% 32%
Profit to Equity(%) FY12/13 21.22% 21%
Profit to Equity(%) FY13/14 20.51% 27.07%
Profit to Equity(%) FY14/15 18.23% 29.22%
Profit to Equity(%) FY15/16 18.57% 30.63%
Profit to Equity(%) FY16/17 17.49% 32.89%
Profit to Equity(%) FY17/18 7.22% 41.55%
Profit to Equity(%) FY18/19 0.53% 40.19%
Profit to Equity(%) FY19/20 8.09% 26.41%
Profit to Equity(%) FY20/21 2.34% 33.02%
Profit to Equity(%) FY21/22 20.3% 41.00%
Profit to Equity(%) FY22/23 19.17% 40.45%
Balance Sheet Size FY11/12 285,627.79 Rs 908 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 948 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 1620 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 1857.26 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 1903.86 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 1983.64 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 2,222.18 Crores
Balance Sheet Size FY18/19 800,997 Rs 2,350.41 Crores
Balance Sheet Size FY19/20 915,165 Rs 5,470.58 Crores
Balance Sheet Size FY20/21 986,798 Rs 6,747.85 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 8,921.25 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 10,061.50 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Axis Direct or ICICI Direct?

Axis Direct Securities and ICICI Direct 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 ICICI Direct offer mobile trading apps?

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

What are the account opening charges for ICICI Direct and Axis Direct?

The account opening charges by brokers Axis Direct and ICICI Direct 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 ICICI Direct are SEBI-registered brokers with good reputations. Axis Direct is known for its trading platforms, while ICICI Direct is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

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