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

Find a Comparison of Nirmal Bang 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 Nirmal Bang and Axis Direct.

Background

Year of Incorporation 1996 2006
Website https://www.nirmalbang.com/ https://simplehai.axisdirect.in/
Phone 022-3826 8600 022-40508080
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX BSE, NSE
Demat (NSDL/CDSL) NSDL NSDL
Brokerage

Equity 0.02% for Intraday, 0.2% for Delivery 0.50%
Equity Futures 0.02% of Turnover 0.05%
Equity Options Rs 35/lot Rs 0.01 per lot
Currency Futures 0.02% of Turnover 0.05%
Currency Options Rs 20/lot Rs 0.01 per lot
Commodity 0.01% of Turnover Rs 50 per lot
Account Opening Costs

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

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

Equity 0.0039% of Turnover N/A
Futures 0.0024% of Turnover N/A
Options 0.057% of Premium Turnover N/A
Commodities 0.0025% of Turnover N/A
AMC charge Rs 250/month First Year: Rs. 350/- Second Year Onwards: Rs. 750/-
DP Transaction Charge 0.03% with Rs 25 minimum per debit instruction N/A
Offline order placing Charge NIL N/A
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10 times for Intraday, upto 4 times for Delivery @interest N/A
Equity Futures Upto 4 times Intraday N/A
Equity Options Buying no Leverage, Shorting upto 2 times for Intraday N/A
Currency Futures Upto 3 times Intraday N/A
Currency Options Buying no Leverage, Shorting upto 2 times for Intraday N/A
Commodity Upto 3times Intraday 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 Rs 7.4 Crores 4,242.21 Crores
Profit after Tax FY12/13 Rs 12.4 Crores 5,179.43 Crores
Profit after Tax FY13/14 Rs 4.2 Crores 6,217.67 Crores
Profit after Tax FY 14/15 Rs 2.37 Crores 7,357.82 Crores
Profit after Tax FY 15/16 Rs 4.99 Crores 8,223.66 Crores
Profit after Tax FY 16/17 Rs 5.73 Crores 3,679.28 Crores
Profit after Tax FY 17/18 Rs 6.00 Crores 275.68 Crores
Profit after Tax FY 18/19 Rs 7.69 Crores 4,677 Crores
Profit after Tax FY 19/20 Rs 7.70 Crores 2,898 Crores
Profit after Tax FY 20/21 Rs 9.18 Crores 16,455 Crores
Profit after Tax FY 21/22 Rs 10.87 Crores 22,913 Crores
Profit after Tax FY 22/23 Rs 10.53 Crores 20,091 Crores
Debt FY11/12 Rs 26.11 Crores N/A
Debt FY12/13 Rs 24.88 Crores N/A
Debt FY13/14 Rs 29.63 Crores N/A
Debt FY14/15 Rs 28.17 Crores N/A
Debt FY15/16 Rs 23.31 Crores N/A
Debt FY16/17 Rs 23.31 Crores N/A
Debt FY17/18 Rs 24.77 Crores N/A
Debt FY18/19 Rs 31.61 Crores N/A
Debt FY19/20 Rs 31.61 Crores N/A
Debt FY20/21 Rs 32.85 Crores N/A
Debt FY21/22 Rs 35.53 Crores 2,08,277.52
Debt FY22/23 Rs 35.53 Crores N/A
Profit to Equity(%) FY11/12 8.54 20.13%
Profit to Equity(%) FY12/13 7.63 21.22%
Profit to Equity(%) FY13/14 11.44 20.51%
Profit to Equity(%) FY14/15 11.54 18.23%
Profit to Equity(%) FY15/16 11.15 18.57%
Profit to Equity(%) FY16/17 10.77 17.49%
Profit to Equity(%) FY17/18 13.53 7.22%
Profit to Equity(%) FY18/19 13.53 0.53%
Profit to Equity(%) FY19/20 14.08 8.09%
Profit to Equity(%) FY20/21 16.72 2.34%
Profit to Equity(%) FY21/22 19.10 20.3%
Profit to Equity(%) FY22/23 19.10 19.17%
Balance Sheet Size FY11/12 Rs 86.6 Crores 285,627.79
Balance Sheet Size FY12/13 Rs 93.5 Crores 340,560.66
Balance Sheet Size FY13/14 Rs 85.8 Crores 383,244.89
Balance Sheet Size FY14/15 Rs 67.96 Crores 461,932.39
Balance Sheet Size FY15/16 Rs 67.99 Crores 525,467.62
Balance Sheet Size FY16/17 Rs 57.95 Crores 601,467.67
Balance Sheet Size FY17/18 Rs 70.74 Crores 691,329.58
Balance Sheet Size FY18/19 Rs 74.82 Crores 800,997
Balance Sheet Size FY19/20 Rs 72.42 Crores 915,165
Balance Sheet Size FY20/21 Rs 91.92 Crores 986,798
Balance Sheet Size FY21/22 Rs 91.92 Crores 1,175,178
Balance Sheet Size FY22/23 Rs 92.02 Crores 1,317,326

Comparison Link:

Compare Nirmal Bang Compare Axis Direct
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Nirmal Bang Vs Choice Equity Broking Axis Direct Vs Choice Equity Broking
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Nirmal Bang Vs Beeline Broking Axis Direct Vs Beeline Broking
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Nirmal Bang Vs 5Paisa Axis Direct Vs 5Paisa
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Nirmal Bang Vs Navia Markets Ltd Axis Direct Vs Navia Markets Ltd
Nirmal Bang Vs Tradejini Axis Direct Vs Tradejini
Nirmal Bang Vs Tata Securities Axis Direct Vs Tata Securities
Nirmal Bang Vs Swastika Investmart Axis Direct Vs Swastika Investmart
Nirmal Bang Vs SMC Global Axis Direct Vs SMC Global
Nirmal Bang Vs SBICAP Securities Axis Direct Vs SBICAP Securities
Nirmal Bang Vs SASOnline Axis Direct Vs SASOnline
Nirmal Bang Vs Samco securities Axis Direct Vs Samco securities
Nirmal Bang Vs RK Global Axis Direct Vs RK Global
Nirmal Bang Vs Reliance Securities Axis Direct Vs Reliance Securities
Nirmal Bang Vs Master Trust Capital Axis Direct Vs Master Trust Capital
Nirmal Bang Vs Kotak Securities Axis Direct Vs Kotak Securities
Nirmal Bang Vs Interactive Brokers Axis Direct Vs Interactive Brokers
Nirmal Bang Vs IIFL Securities Axis Direct Vs IIFL Securities
Nirmal Bang Vs Dhani Axis Direct Vs Dhani
Nirmal Bang Vs IDBI Capital Axis Direct Vs IDBI Capital
Nirmal Bang Vs HDFC Securities Axis Direct Vs HDFC Securities
Nirmal Bang Vs Geojit Axis Direct Vs Geojit
Nirmal Bang Vs Fyers Securities Axis Direct Vs Fyers Securities
Nirmal Bang Vs Edelweiss Capital Axis Direct Vs Edelweiss Capital
Nirmal Bang Vs Easytradez Axis Direct Vs Easytradez
Nirmal Bang Vs Rupeezy Axis Direct Vs Rupeezy
Nirmal Bang Vs Anand Rathi Axis Direct Vs Anand Rathi
Nirmal Bang Vs Aditya Birla Money Axis Direct Vs Aditya Birla Money
Nirmal Bang Vs Achiievers Axis Direct Vs Achiievers
Nirmal Bang Vs A C Choksi Axis Direct Vs A C Choksi
Nirmal Bang Vs Angel Broking Axis Direct Vs Angel Broking
Nirmal Bang Vs Motilal Oswal Axis Direct Vs Motilal Oswal
Nirmal Bang Vs ICICI Direct Axis Direct Vs ICICI Direct
Nirmal Bang Vs Sharekhan Axis Direct Vs Sharekhan
Nirmal Bang Vs Groww Axis Direct Vs Groww
Nirmal Bang Vs Tradesmart Online Axis Direct Vs Tradesmart Online
Nirmal Bang Vs Zerodha Axis Direct Vs Zerodha

Frequently Asked Questions

Is Nirmal Bang better than Axis Direct ?

Nirmal Bang 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 Nirmal Bang ?

Nirmal Bang 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 Nirmal Bang cheaper than Axis Direct ?

Nirmal Bang 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 Nirmal Bang ?

Nirmal Bang 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 Nirmal Bang vs. Axis Direct ?

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