Axis Direct vs Way2wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Axis Direct vs Way2wealth 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 Way2wealth.

Background

Year of Incorporation 2006 1984
Website https://simplehai.axisdirect.in/ https://www.way2wealth.com/
Phone 022-40508080 1800 425 3690 FREE
Exchanges enabled BSE, NSE NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL NSDL, CDSL
Brokerage

Equity 0.50% 0.04% for Intraday, 0.4% for Delivery - Negotiable
Equity Futures 0.05% 0.04% of Turnover - Negotiable
Equity Options Rs 0.01 per lot Rs 50/lot - Negotiable
Currency Futures 0.05% 0.04% of Turnover - Negotiable
Currency Options Rs 0.01 per lot Rs 50/lot - Negotiable
Commodity Rs 50 per lot 0.04% of Turnover - Negotiable
Account Opening Costs

Trading only 0 NA
Trading & Demat Rs 900 Rs 350
Commodity N/A Rs 100
Transparency & other costs

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

Equity N/A 0.0038% of Turnover
Futures N/A 0.0034% of Turnover
Options N/A 0.056% of Premium Turnover
Commodities N/A 0.0035% of Turnover
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- Rs 330
DP Transaction Charge N/A Rs 18/debit instruction
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 6 times for Intraday, 0 for Delivery
Equity Futures N/A Upto 2 times for Intraday
Equity Options N/A No Leverage
Currency Futures N/A Upto 2 times for Intraday
Currency Options N/A No Leverage
Commodity N/A Upto3 times 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 4.2 Lakhs
Profit after Tax FY12/13 5,179.43 Crores Rs 5.87 Lakhs
Profit after Tax FY13/14 6,217.67 Crores Rs 5.23 Lakh
Profit after Tax FY 14/15 7,357.82 Crores Rs 7.93 Lakh
Profit after Tax FY 15/16 8,223.66 Crores Rs 11.19 Lakh
Profit after Tax FY 16/17 3,679.28 Crores Rs 11.74 Lakh
Profit after Tax FY 17/18 275.68 Crores Rs 12.16 Lakh
Profit after Tax FY 18/19 4,677 Crores Rs 14.39 Lakh
Profit after Tax FY 19/20 2,898 Crores Rs 14.50 Lakh
Profit after Tax FY 20/21 16,455 Crores Rs 16.00 Lakh
Profit after Tax FY 21/22 22,913 Crores Rs 17.02 Lakh
Profit after Tax FY 22/23 20,091 Crores Rs 15.37 Lakh
Debt FY11/12 N/A Rs 10.4 Lakhs
Debt FY12/13 N/A Rs 17.2 Lakhs
Debt FY13/14 N/A Rs 19.78 Lakh
Debt FY14/15 N/A Rs 16.80 Lakh
Debt FY15/16 N/A Rs 20.27 Lakh
Debt FY16/17 N/A Rs 18.04 Lakh
Debt FY17/18 N/A Rs 22.55 Lakh
Debt FY18/19 N/A Rs 22.41 Lakh
Debt FY19/20 N/A Rs 23.16 Lakh
Debt FY20/21 N/A Rs 25.14 Lakh
Debt FY21/22 2,08,277.52 Rs 26.94 Lakh
Debt FY22/23 N/A Rs 25.88 Lakh
Profit to Equity(%) FY11/12 20.13% 0.25
Profit to Equity(%) FY12/13 21.22% 1.52
Profit to Equity(%) FY13/14 20.51% 2.39
Profit to Equity(%) FY14/15 18.23% 3.71
Profit to Equity(%) FY15/16 18.57% 3.71
Profit to Equity(%) FY16/17 17.49% 4.61
Profit to Equity(%) FY17/18 7.22% 5.42
Profit to Equity(%) FY18/19 0.53% 6.22
Profit to Equity(%) FY19/20 8.09% 7.38
Profit to Equity(%) FY20/21 2.34% 8.12
Profit to Equity(%) FY21/22 20.3% 9.22
Profit to Equity(%) FY22/23 19.17% 10.22
Balance Sheet Size FY11/12 285,627.79 Rs 159 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 148 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 170 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 187.92 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 259.67 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 289.46 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 160.16 Crores
Balance Sheet Size FY18/19 800,997 Rs 240.46 Crores
Balance Sheet Size FY19/20 915,165 Rs 294.59 Crores
Balance Sheet Size FY20/21 986,798 Rs 181.53 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 227.41 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 289.78 Crores

Comparison Link:

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Frequently Asked Questions

Is Axis Direct better than Way2wealth ?

Axis Direct and Way2wealth are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Way2wealth better than Axis Direct ?

Axis Direct and Way2wealth are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Axis Direct cheaper than Way2wealth ?

Axis Direct and Way2wealth are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Way2wealth cheaper than Axis Direct ?

Axis Direct and Way2wealth are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Axis Direct vs. Way2wealth ?

To find out the better of the two stockbrokers Axis Direct and Way2wealth, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.