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

Find a Comparison of Axis Direct vs Interactive Brokers 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 Interactive Brokers.

Background

Year of Incorporation 2006 1977
Website https://simplehai.axisdirect.in/ https://www.interactivebrokers.co.in/en/home.php
Phone 022-40508080 +91 22-61289888
Exchanges enabled BSE, NSE NSE (plus over 100 market centers across 24 countries).
Demat (NSDL/CDSL) NSDL NSDL
Brokerage

Equity 0.50% 0.05% per Executed Order
Equity Futures 0.05% 0.01% per Executed Order
Equity Options Rs 0.01 per lot Rs 25 per lot per
Currency Futures 0.05% 0.01% per Executed Order
Currency Options Rs 0.01 per lot 0.01% per Executed Order
Commodity Rs 50 per lot Rs 50 per lot per
Account Opening Costs

Trading only 0 Rs 0
Trading & Demat Rs 900 Rs 400
Commodity N/A Not Available
Transparency & other costs

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

Equity N/A 0.00325%
Futures N/A 0.0019 %
Options N/A 0.05%
Commodities N/A Not available
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- NIL
DP Transaction Charge N/A NIL
Offline order placing Charge N/A Rs 1500 per order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 22 Days
End of Day Yes 1 Year
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity N/A 2x intraday and overnight leverage
Equity Futures N/A Upto 2x for Intraday
Equity Options N/A Buying 0 & Shorting upto 2x for Intraday
Currency Futures N/A Upto 2x for Intraday
Currency Options N/A Buying 0 & Shorting upto 2x for Intraday
Commodity N/A Not Available
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 54.1 Crores
Profit after Tax FY12/13 5,179.43 Crores Rs 63.01 Crores
Profit after Tax FY13/14 6,217.67 Crores Rs 64.75 Crores
Profit after Tax FY 14/15 7,357.82 Crores Rs 74.30 Crores
Profit after Tax FY 15/16 8,223.66 Crores Rs 89.41 Crores
Profit after Tax FY 16/17 3,679.28 Crores Rs 79.38 Crores
Profit after Tax FY 17/18 275.68 Crores Rs 79.67 Crores
Profit after Tax FY 18/19 4,677 Crores Rs 93.62 Crores
Profit after Tax FY 19/20 2,898 Crores Rs 89.06 Crores
Profit after Tax FY 20/21 16,455 Crores Rs 99.53 Crores
Profit after Tax FY 21/22 22,913 Crores Rs 85.24 Crores
Profit after Tax FY 22/23 20,091 Crores Rs 78.27 Crores
Debt FY11/12 N/A Rs 17.67 Crores
Debt FY12/13 N/A Rs 13.43 Crores
Debt FY13/14 N/A Rs 21.88 Crores
Debt FY14/15 N/A Rs 21.05 Crores
Debt FY15/16 N/A Rs 23.05 Crores
Debt FY16/17 N/A Rs 22.53 Crores
Debt FY17/18 N/A Rs 22.09 Crores
Debt FY18/19 N/A Rs 23.67 Crores
Debt FY19/20 N/A Rs 21.41 Crores
Debt FY20/21 N/A Rs 24.02 Crores
Debt FY21/22 2,08,277.52 Rs 27.09 Crores
Debt FY22/23 N/A Rs 21.78 Crores
Profit to Equity(%) FY11/12 20.13% 14.94%
Profit to Equity(%) FY12/13 21.22% 7.29%
Profit to Equity(%) FY13/14 20.51% 9.71%
Profit to Equity(%) FY14/15 18.23% 9.01%
Profit to Equity(%) FY15/16 18.57% 9.64%
Profit to Equity(%) FY16/17 17.49% 10.04%
Profit to Equity(%) FY17/18 7.22% 10.14%
Profit to Equity(%) FY18/19 0.53% 11.34%
Profit to Equity(%) FY19/20 8.09% 13.24%
Profit to Equity(%) FY20/21 2.34% 12.52%
Profit to Equity(%) FY21/22 20.3% 17.85%
Profit to Equity(%) FY22/23 19.17% 14.56%
Balance Sheet Size FY11/12 285,627.79 Rs 908 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 977 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 990.08 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 1058.51 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 1071.18 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 1098.72 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 1110.91 Crores
Balance Sheet Size FY18/19 800,997 Rs 1195.94 Crores
Balance Sheet Size FY19/20 915,165 Rs 1293.62 Crores
Balance Sheet Size FY20/21 986,798 Rs 1369.20 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 1491.66 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 1627.43 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Axis Direct or Interactive Brokers?

Axis Direct Securities and Interactive Brokers 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 Interactive Brokers offer mobile trading apps?

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

What are the account opening charges for Interactive Brokers and Axis Direct?

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

Do both brokers provide margin trading facilities?

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