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

Find a Comparison of Lemonn vs Axis 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 Lemonn and Axis Direct.

Background

Year of Incorporation 2020 2006
Website https://lemonn.co.in/ https://simplehai.axisdirect.in/
Phone +918035769929 022-40508080
Exchanges enabled BSE, NSE BSE, NSE
Demat (NSDL/CDSL) CDSL NSDL
Brokerage

Equity Free for 1 Month afterwards 0.5% on Intraday 0.50%
Equity Futures Zero 0.05%
Equity Options Zero Rs 0.01 per lot
Currency Futures Zero 0.05%
Currency Options Zero Rs 0.01 per lot
Commodity Zero Rs 50 per lot
Account Opening Costs

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

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

Equity Zero N/A
Futures Zero N/A
Options Zero N/A
Commodities Zero N/A
AMC charge Zero First Year: Rs. 350/- Second Year Onwards: Rs. 750/-
DP Transaction Charge Rs 10 per transaction N/A
Offline order placing Charge 0 N/A
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days Yes
End of Day 5 Years Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 2x on Intraday N/A
Equity Futures 2x for intraday N/A
Equity Options Upto 2x for Intraday N/A
Currency Futures 2x for intraday N/A
Currency Options 1x N/A
Commodity 1x N/A
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 Not Available 4,242.21 Crores
Profit after Tax FY12/13 Not Available 5,179.43 Crores
Profit after Tax FY13/14 Not Available 6,217.67 Crores
Profit after Tax FY 14/15 Not Available 7,357.82 Crores
Profit after Tax FY 15/16 Not Available 8,223.66 Crores
Profit after Tax FY 16/17 Not Available 3,679.28 Crores
Profit after Tax FY 17/18 Not Available 275.68 Crores
Profit after Tax FY 18/19 Not Available 4,677 Crores
Profit after Tax FY 19/20 Rs 38 Lakhs 2,898 Crores
Profit after Tax FY 20/21 Rs 55 Lakhs 16,455 Crores
Profit after Tax FY 21/22 Rs 70 Lakhs 22,913 Crores
Profit after Tax FY 22/23 Rs 93 Lakhs 20,091 Crores
Debt FY11/12 Not Available N/A
Debt FY12/13 Not Available N/A
Debt FY13/14 Not Available N/A
Debt FY14/15 Not Available N/A
Debt FY15/16 Not Available N/A
Debt FY16/17 Not Available N/A
Debt FY17/18 Not Available N/A
Debt FY18/19 Not Available N/A
Debt FY19/20 Rs 28.64 Lakhs N/A
Debt FY20/21 Rs 31.35 Lakhs N/A
Debt FY21/22 Rs 33.41 Lakhs 2,08,277.52
Debt FY22/23 Rs 36.58 Lakhs N/A
Profit to Equity(%) FY11/12 Not Available 20.13%
Profit to Equity(%) FY12/13 Not Available 21.22%
Profit to Equity(%) FY13/14 Not Available 20.51%
Profit to Equity(%) FY14/15 Not Available 18.23%
Profit to Equity(%) FY15/16 Not Available 18.57%
Profit to Equity(%) FY16/17 Not Available 17.49%
Profit to Equity(%) FY17/18 Not Available 7.22%
Profit to Equity(%) FY18/19 Not Available 0.53%
Profit to Equity(%) FY19/20 18.09% 8.09%
Profit to Equity(%) FY20/21 16.34% 2.34%
Profit to Equity(%) FY21/22 20.34% 20.3%
Profit to Equity(%) FY22/23 18.14% 19.17%
Balance Sheet Size FY11/12 Not Available 285,627.79
Balance Sheet Size FY12/13 Not Available 340,560.66
Balance Sheet Size FY13/14 Not Available 383,244.89
Balance Sheet Size FY14/15 Not Available 461,932.39
Balance Sheet Size FY15/16 Not Available 525,467.62
Balance Sheet Size FY16/17 Not Available 601,467.67
Balance Sheet Size FY17/18 Not Available 691,329.58
Balance Sheet Size FY18/19 Not Available 800,997
Balance Sheet Size FY19/20 Rs 45 Crores 915,165
Balance Sheet Size FY20/21 Rs 57.34 Crores 986,798
Balance Sheet Size FY21/22 Rs 63.11 Crores 1,175,178
Balance Sheet Size FY22/23 Rs 77.28 Crores 1,317,326

Comparison Link:

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Frequently Asked Questions

Is Lemonn better than Axis Direct ?

Lemonn and Axis Direct 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 better than Lemonn ?

Lemonn and Axis Direct 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 Lemonn cheaper than Axis Direct ?

Lemonn and Axis Direct 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 Axis Direct cheaper than Lemonn ?

Lemonn and Axis Direct 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 Lemonn vs. Axis Direct ?

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