Axis Direct Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-23 15:32

Abstract：AxisDirect, with its domain registered in 2009, is a brand under which Axis Securities Limited offers its retail broking and investment services. Its product offering includes Equity, Initial Public Offering, Derivatives, Mutual Fund, SIP, ETFs, NCDs, Bonds and Company FDs, Tax Planning and Insurance. You need to invest at least ₹50 Lakh with the company. It offers a platform available on web with an app version avaialable on PC and mobile phones.

AxisDirect Review Summary
Founded	2009
Registered Country/Region	India
Regulation	No regulation
Products & Services	Equity, Initial Public Offering, Derivatives, Mutual Fund, SIP, ETFs, NCDs, Bonds and Company FDs, Tax Planning, Insurance
Minimum Deposit	₹50 Lakh
Trading Platform	AxisDirect RING
Customer Support	Address: Unit 002 A, Building - A, Agastya Corporate Park, Piramal Realty, Kamani Junction, Kurla West, Mumbai - 400 070;
	Tel: 022-40508080; 022-61480808
	Email: helpdesk@axisdirect.in
	Social media: Twitter, Facebook, LinkedIn

AxisDirect Information

　　AxisDirect, with its domain registered in 2009, is a brand under which Axis Securities Limited offers its retail broking and investment services. Its product offering includes Equity, Initial Public Offering, Derivatives, Mutual Fund, SIP, ETFs, NCDs, Bonds and Company FDs, Tax Planning and Insurance. You need to invest at least ₹50 Lakh with the company. It offers a platform available on web with an app version avaialable on PC and mobile phones.

　　In addtion, it also offers a series of educational resources such as basic courses, webinars etc., to allow traders to obtain essential knowledge for successful trading.

　　However, one fact that is worth noting is that the broker currently operates without any valid regulation from any authority bodies, indicating less compliance to the rules and standards set by the authority.

Pros and Cons

Pros	Cons
Many years' industry experience	Lack of regulation
Diverse products and services
Low minimum deposit
Multiple contact channels

Is AxisDirect Legit?

　　Regulation is crucial to evaluate the legitimacy and reliability of a brokerage firm, but in the case of AxisDirect, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises significant concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on AxisDirect?

　　AxisDirect offers a diverse range of financial products and services for its clients.

　　Investment Products

Equity: Empower traders with quality research and advanced tools for informed trading decisions.
Initial Public Offerings (IPOs): Easily participate in market action online, minimizing hassles and paperwork.
Derivatives: Support for both novice and experienced traders with powerful platforms and educational resources.
Mutual Funds: Access over 6000 schemes from 23 companies, managed by professionals for hassle-free investment tracking.
Systematic Investment Plans (SIPs): Start small and build significant wealth over time with regular investments.
Exchange Traded Funds (ETFs): Intelligent diversification opportunities with manageable investment amounts.
NCDs, Bonds, and Company Fixed Deposits (FDs): Fixed income instruments that provide stability to your portfolio.

　　Insurance Products

Term Life Insurance: Affordable plans to secure your familys financial future with zero tax benefits.
Health Insurance: Coverage for medical emergencies, including free health check-ups and tax benefits.
Motor Insurance: Protects your vehicle against damages and third-party liabilities with free vehicle pick-up options.
Savings Plans: Combine life coverage with guaranteed returns for long-term wealth accumulation and tax benefits.

　　Financial Solutions

Tax Planning: Online solutions to reduce tax burdens while aiming to grow investments through equity.

Trading Platform

　　AxisDirect offers a proprietary trading platform naming “AxisDirect RING”, which is avaialble through web on any devices, along with an app version downloadable from PC, iOS and Android devices.

　　The platform is said to offer analytical tools, investment strategies, curated watchlist and trading tools such as options calculator for easier and more efficient trade execution and transaction.