The comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Axis Direct is known for its user-friendly trading experience and reliability, while Mirae Asset Sharekhan stands out for offering competitive brokerage rates and an advanced mobile trading platform. 5paisa provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 4.4 lakh, 31 lakh, and N/A users respectively, reflecting their popularity among investors. Overall, this comparison of Axis Direct, Mirae Asset Sharekhan, and 5paisa helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their offerings. Axis Direct provides 4 for Overall Rating, while Mirae Asset Sharekhan offers 4 and 5paisa features 4.
| Services / Features | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 4.4 lakh | 31 lakh | — |
| Broker Overview | Axis Direct Review | Mirae Asset Sharekhan Review | 5Paisa Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveal significant differences in their offerings. Axis Direct provides Free trading and demat account opening, while Mirae Asset Sharekhan offers N/A and 5paisa features Zero.
| Account Opening Charges and AMC | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Trading Account Opening | Free | — | Zero |
| Trading AMC | ₹ 790 | — | ₹300 per year |
| Demat Account Opening | Zero | — | Zero |
| Demat AMC | ₹ 790 | ₹400 | ₹25 + GST per month |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their offerings. Axis Direct provides - plans, while Mirae Asset Sharekhan offers - and 5paisa features -.
| Brokerage Plans | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Multiple Plans | - | - | - |
| Monthly Plans | - | - | - |
| Yearly Plans | - | - | - |
Brokerage Charges
This comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their brokerage charges. Axis Direct charges N/A brokerage on equity delivery and intraday, N/A for futures, and N/A for options. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. 5paisa charges ₹20/order brokerage on equity delivery and intraday, ₹20/order for futures, and ₹20/order for options.
| Brokerage Charges | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | 0.30% on trade price or minimum 1 paisa per share | ₹20/order | |
| Equity Intraday | 0.02% on trade price or minimum 1 paisa per share | ₹20/order | |
| Equity Futures | 0.02% per transaction value (each side) | ₹20/order | |
| Equity Options | ₹39 per lot (each side) | ₹20/order | |
| Currency Futures | 0.02% per transaction value (each side) | ₹20/order | |
| Currency Options | ₹5 per lot (each side) | ₹20/order | |
| Commodity Futures | 0.10% (one side) | ||
| Commodity Options | 1% on premium or ₹150, whichever is higher | ||
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹20 | NA | ₹20 |
| Auto Square Off Charges | ₹20 per lot | ₹50 per order | ₹20 |
| Brokerage Calculator |
Transactions Charges
This comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their transactions. Axis Direct provides NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) for Transaction Charges Equity Delivery, while Mirae Asset Sharekhan offers NSE: 0.00297% | 0.00375% and 5paisa features NSE: 0.00297% BSE: 0.00375%.
| Transactions Charges | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | 0.00375% | NSE: 0.00297% BSE: 0.00375% |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | 0.00375% | NSE: 0.00297% BSE: 0.00375% |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00173% | NSE: 0.00173% BSE: 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE: 0.03503% on Premium | NSE: 0.03503% BSE: Sensex 50/Stock options 0.0050% Sensex/Bankex options 0.0325% |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE: 0.00035% | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE: 0.0311% | NSE: 0.0311% BSE: 0.001% |
| Commodity | — | 0.0418% | 0.0418% |
Account Features
These are the notable distinctions in the account features of Axis Direct, Mirae Asset Sharekhan, and 5paisa when compared.
| Account Features | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| 3-in-1 Account | Yes | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | No |
Trading Platforms
The trading platforms comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their offerings. Axis Direct, Mirae Asset Sharekhan and 5paisa provide web trading platforms and mobile trading platforms.
| Trading Platforms | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Axis Direct | Sharekhan | 5paisa |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Sharekhan IOS App | App Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Nil | Zero |
Broker Ratings
The broker ratings comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their offerings. Axis Direct provides 4.2 for Fees Ratings, while Mirae Asset Sharekhan offers 4.3 and 5paisa features 4.3.
| Broker Ratings | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Fees Ratings | 4.2 | 4.3 | 4.3 |
| Trading Brokerage Rating | 4.0 | 4.3 | 4.3 |
| Trading Platform Usability | 4.2 | 4,3 | 4.3 |
| Customer Service Ratings | 4.1 | 4.2 | 4.2 |
| Overall Ratings | 4.2 | 4.3 | 4.3 |
Investment Offerings
This comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their investment offerings. Axis Direct provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and 5paisa provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | Yes | No | No |
| Insurance | Yes | No | No |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | No |
| Other Investment Options | Yes | Yes | Yes |
Customer Support
The comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their Customer Support. Axis Direct provides Yes, while Mirae Asset Sharekhan offers Yes and 5paisa features N/A.
| Customer Support | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | — |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | Yes | - | — |
| Through Branches | Yes | Yes | — |
| Customer Care Number | 022-40508080 | 02241683500 | 8976689766 |
| Account Opening Process | Online/Offline | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://simplehai.axisdirect.in/learn/overview | https://www.sharekhan.com/learn-and-grow | — |
| Head Office Address |
Unit 002 A, Building – A, Agastya Corporate Park, Piramal Realty, Kamani Junction, Kurla West, Mumbai – 400 070 |
Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. |
IIFL House, Sun Infotech Park, Road No. 16V, Plot no. B-23, MIDC, Thane Industrial Area, Waghle Estate, Thane, Maharashtra – 400604 |
| Website | https://simplehai.axisdirect.in/ | https://www.sharekhan.com/ | https://www.5paisa.com/ |
Research and Reports
The research and reports comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their offerings.
| Research and Reports | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Axis Direct, Mirae Asset Sharekhan, and 5paisa reveals significant differences in their demat account charges. Axis Direct provides CDSL & NSDL for DP Source, while Mirae Asset Sharekhan offers NSDL & CDSL and 5paisa features CDSL.
| Demat Account Charges | Axis Direct | Mirae Asset Sharekhan | 5paisa |
|---|---|---|---|
| DP Source | CDSL & NSDL | NSDL & CDSL | CDSL |
| DP ID | NSDL - 300484 | CDSL - 12049200 | NSDL - 300513 | CDSL - 12036000 | 192-2016 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 750 per year | ₹ 400 | ₹300 per year |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | - | ₹20 + GST per scrip |
| Demat | Rs 5 per certificate subject to minimum of Rs 50 per request, whichever is higher | ₹ 5 per share certificate (minimum ₹ 50 per request) | ₹15 |
| Remat | Rs 20 for every 100 securities or part thereof or Rs 50 per request whichever is higher | ₹ 50 per certificate or ₹ 50 for every hundred securities | ₹15 + CDSL charges |
| Pledge Creation | Rs 50 per instruction | ₹ 20 per transaction | ₹20 + GST |
| Pledge Creation Confirmation | Nil | NA | ₹20 + GST |
| Pledge Closure | Rs 50 per instruction | ₹ 20 per transaction | ₹20 + GST |
| Pledge Closure Confirmation | Nil | NA | ₹20 + GST |
| Pledge Invocation | Rs 50 per instruction | ₹ 20 per transaction | ₹20 + GST |
| Failed Instruction Charges | Rs 10 per Instruction | - | ₹20 + GST |
| Other Charges | — | - | — |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Axis Direct |
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| Mirae Asset Sharekhan |
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| 5paisa |
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User Experience: Buying Stocks
Axis Direct – User Trading Experience
Account Opening Experience: Users benefit from a 3-in-1 integrated banking setup, making fund transfers seamless.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is competitive, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.1/5.
Market Presence: Around 4.4 lakh active clients use this broker.
Mirae Asset Sharekhan – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02% on trade price or minimum 1 paisa per share, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
5paisa – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20/order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around many active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Axis Direct charges Free, Mirae Asset Sharekhan charges Not specified, and 5paisa charges Zero. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Axis Direct offers Not specified for equity intraday, Mirae Asset Sharekhan provides 0.02% on trade price or minimum 1 paisa per share, and 5paisa charges ₹20/order. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Axis Direct offers 4, Mirae Asset Sharekhan provides 4, and 5paisa features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Axis Direct has 4 support, Mirae Asset Sharekhan offers 4, and 5paisa provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Axis Direct with 4.2, Mirae Asset Sharekhan with 4,3, and 5paisa with 4.3. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Axis Direct (Yes), Mirae Asset Sharekhan (Yes), and 5paisa (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Axis Direct offers user-friendly platforms with educational resources, Mirae Asset Sharekhan provides competitive pricing with intuitive interfaces, and 5paisa combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Axis Direct focuses on intuitive design and quick execution, Mirae Asset Sharekhan emphasizes advanced charting and analysis tools, while 5paisa balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
Axis Direct
Mirae Asset Sharekhan
