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Axis Direct in India — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: only 55% of the weight has data, need 55%
- Safety20%100
- Payouts15%0
- Track record10%75
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Axis Securities Ltd
- Founded
- 2011
- Retail leverage
- 100IN
- Currencies
- INR.
- Swap-free account
- no
Licence check
Open an account with Axis DirectThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Axis Securities Ltd
- Local standing
- SEBI-regulated domestic full-service broker.
- Licence as the register states it
- SEBI stock broker INZ000161633; member NSE/BSE/MCX; CDSL DP.
- Leverage for this entity
- Intraday MIS ~1.3x-5x (segment-dependent); MTF offered; SEBI peak-margin rules apply.
- The firm behind it
- Axis Securities incorporated 2005; broking arm of Axis Bank; 5M+ customer base.
- What we hold against it
- Full-service pricing higher than discount brokers; no major SEBI action verified at review.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic full-service broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: 2-in-1 Demat+Trading, subscription plans (e.g. flat-fee vs percentage brokerage tiers). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Axis Direct sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:100 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking (Axis Bank & others).
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- AxisDirect app (RING / Trader / Investor)
- web trading
- desktop
Identical for every row: Leverage 100 IN.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence INZ000161633, read on 09.07.2026
- Safety 100 of 100, its strongest of 4 scored axes
- 3 platforms: AxisDirect app (RING / Trader / Investor), web trading, desktop
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal in 120 h, over the India median 48
- Payouts 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 7IN
- Min deposit, USD
- 10 groupIN
- Rank in this country
- #26
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500 group
- Rank in this country
- #32
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Axis Direct |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Axis Direct accept residents of India?
- Yes. SEBI-regulated domestic full-service broker. Onboarding entity: Axis Securities Ltd
- Is Axis Direct licensed to serve clients in India?
- SEBI stock broker INZ000161633; member NSE/BSE/MCX; CDSL DP. Checked on 09.07.2026.
- What leverage does Axis Direct offer to retail clients in India?
- Up to 1:100. Pay margins as low as 1% on the contract value to get high exposure.
- Which trading platforms does Axis Direct support?
- AxisDirect app (RING / Trader / Investor), web trading, desktop. Instruments: Equity, F&O, currency, commodity, mutual funds, IPO, bonds/NCDs.
- How can I withdraw money from Axis Direct in India?
- UPI, net-banking (Axis Bank & others).
- What account types does Axis Direct offer?
- 2-in-1 Demat+Trading; subscription plans (e.g. flat-fee vs percentage brokerage tiers).
- Does Axis Direct offer a swap-free (Islamic) account?
- No. Axis Direct publishes no swap-free (Islamic) account for India.