Axis Direct broker Accounts

axis direct Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: axis direct Account Types Overview

axis direct Account Types Explained

Axis Direct offers a variety of account types tailored to meet the diverse needs of traders and investors. Below are the available account types:

1. 3-in-1 Account

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure:
• Cash: 0.50%
• Intraday: 0.05%
• Futures: 0.05%
• Options: ₹25 per lot
• Leverage Options: Not specified
• Key Features: Combines Savings, Demat, and Trading accounts for seamless transactions.
• Target User Profile: Suitable for beginners and frequent traders.
• Trading Instruments Available: Equity, Mutual Funds, Derivatives, etc.

1. Fixed Plan

• Minimum Deposit Requirement: ₹999
• Spread/Commission Structure:
• Cash: 0.50%
• Intraday: 0.05%
• Futures: 0.05%
• Options: ₹25 per lot
• Leverage Options: Not specified
• Key Features: Fixed brokerage charges with no hidden fees.
• Target User Profile: Ideal for casual traders.
• Trading Instruments Available: Equity, Derivatives.

1. Investment Plus Plan

• Minimum Deposit Requirement: ₹1,500
• Spread/Commission Structure:
• Cash: 0.50%
• Intraday: 0.05%
• Futures: 0.05%
• Options: ₹25 per lot
• Leverage Options: Not specified
• Key Features: Complimentary delivery turnover of ₹3,00,000.
• Target User Profile: Suitable for intermediate traders.
• Trading Instruments Available: Equity, Derivatives.

1. Now or Never Plan

• Minimum Deposit Requirement: ₹5,555
• Spread/Commission Structure:
• Cash: 0.50%
• Intraday: 0.05%
• Futures: 0.05%
• Options: ₹25 per lot
• Leverage Options: Not specified
• Key Features: Complimentary delivery turnover of ₹12,00,000 with a validity of 10 years.
• Target User Profile: Best for frequent traders.
• Trading Instruments Available: Equity, Derivatives.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: 3-in-1 Account
• Intermediate: Investment Plus Plan
• Advanced: Now or Never Plan

Part 2: axis direct Account Features Comparison

Detailed axis direct Account Features

Features Comparison Across Different Account Types

• Minimum Deposit:

• 3-in-1 Account: Not specified

• Fixed Plan: ₹999

• Investment Plus Plan: ₹1,500

• Now or Never Plan: ₹5,555

• Maximum Leverage: Not specified across all accounts.

• Spreads (Typical/Minimum):

• Cash: 0.50%

• Intraday: 0.05%

• Futures: 0.05%

• Options: ₹25 per lot

• Commission Fees:

• Fixed Plan and Investment Plus Plan have similar commission structures.

• Lot Size:

• Standard lot sizes apply for all accounts.

• Available Trading Platforms:

• Axis Direct offers a proprietary trading platform.

• Execution Type:

• Market execution is standard across all account types.

• Islamic Account Availability: Not specified.

• Swap-Free Options: Not specified.

• Demo Account Features: Not specified.

Advantages of Each Account Type

• 3-in-1 Account:

• Seamless integration of banking and trading.

• No interest loss on savings during transactions.

• Fixed Plan:

• Transparent fee structure with no hidden charges.

• Low minimum deposit requirement.

• Investment Plus Plan:

• High complimentary turnover.

• Cost-effective for active traders.

• Now or Never Plan:

• Long validity period.

• High complimentary turnover for serious traders.

Disadvantages of Each Account Type

• 3-in-1 Account:

• Not suitable for high-frequency traders due to limited features.

• Fixed Plan:

• Limited benefits compared to higher-tier plans.

• Investment Plus Plan:

• Higher initial deposit may deter beginners.

• Now or Never Plan:

• High initial deposit requirement may not be feasible for all traders.

Part 3: axis direct Account Opening Requirements

axis direct Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and NRIs.
• Prohibited Countries: Not specified.

Identity Verification Documents Needed:

• PAN Card
• Proof of Identity (Aadhaar, Passport, etc.)
• Proof of Address (Utility bill, Bank statement, etc.)
• Passport-sized photograph

Proof of Residence Requirements:

• Valid address proof as mentioned above.

Additional Documentation for Professional Accounts:

• Not specified.

KYC/AML Compliance Procedures:

• Complete KYC documentation is required for account opening.

Verification Time Frames:

• Typically, account verification takes 1-3 business days.

Part 4: axis direct Account Opening Process

Step-by-Step axis direct Account Opening Guide

1. Visit Website and Click Registration: Go to the Axis Direct website and click on the "Open an Account" button.
2. Personal Information Entry: Fill in your personal details such as name, date of birth, and contact information.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify your trading preferences and risk appetite.
5. Document Upload: Upload the required KYC documents as specified.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is activated, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile registration may require additional permissions for document uploads.

Common Registration Issues and Solutions

• Document Rejections: Ensure all documents are clear and match the details provided.
• Verification Delays: Contact customer support for assistance.

Average Account Approval Time

• Generally, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the Axis Direct platform to request changes to your account type.

Part 5: axis direct Demo Account Information

axis direct Demo Account Guide

Demo Account Features and Benefits

• Allows users to practice trading without financial risk.
• Access to the same trading platform as live accounts.

How to Open a Demo Account

• Visit the Axis Direct website and select the demo account option.

Demo Account Limitations

• Limited trading instruments compared to live accounts.

Virtual Balance Amount

• Not specified.

Demo vs Live Account Differences

• Demo accounts do not involve real money transactions.

Duration/Expiry of Demo Accounts

• Not specified.

Part 6: axis direct Islamic Account (if available)

axis direct Islamic Account Details

Swap-Free/Islamic Account Availability

• Not specified.

Eligibility Requirements

• Not specified.

Differences from Standard Accounts

• Not specified.

How to Apply for Islamic Account

• Not specified.

Restrictions or Special Conditions

• Not specified.

FAQs – axis direct Account Types & Opening

1. What account types does axis direct offer？

• Axis Direct offers 3-in-1 Account, Fixed Plan, Investment Plus Plan, and Now or Never Plan.

1. What is the minimum deposit for each account type？

• Fixed Plan: ₹999, Investment Plus Plan: ₹1,500, Now or Never Plan: ₹5,555.

1. How long does axis direct account verification take？

• Typically, verification takes 1-3 business days.

1. Does axis direct offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with axis direct？

• Not specified.

1. Does axis direct offer Islamic/swap-free accounts？

• Not specified.

1. What documents do I need to open a axis direct account？

• PAN Card, Proof of Identity, Proof of Address, and a photograph.

1. Can I change my account type after registration？

• Yes, you can contact customer support to request changes.