Top Stock Advisory
SAS Online vs. Axis Direct
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are SAS Online and Axis Direct. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of SAS Online and Axis Direct.
Overview
SAS Online are Axis Direct both private companies and SAS Online operates as a discount broker, while Axis Direct functions as a full service broker. Shrey Jain & Siddharth Jain co-founded SAS Online in 2013. And Axis Direct was founded in the year 2011 by Arun Thukral. SAS Online's headquarters are in New Delhi, Delhi and Axis Direct's headquarters are in Mumbai, India.
SAS Online operates as a discount broker, while Axis Direct functions as a full service broker. SAS Online is registered in NSE, BSE and MCX, while Axis Direct is registered in BSE, NSE, MCX. The total branches of SAS Online are 1 and the Axis Direct branches are 56.
| Overview | SAS Online | Axis Direct |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | New Delhi, Delhi | Mumbai, India |
| Founders | Shrey Jain & Siddharth Jain | Arun Thukral |
| Foundation Year | 2013 | 2011 |
| Supported Exchanges | NSE, BSE and MCX | BSE, NSE, MCX |
| Total branches | 1 | 56 |
SAS Online and Axis Direct Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with SAS Online charging Free and Axis Direct charging Rs.999.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the SAS Online Demat account is Rs.300 and for the Axis Direct Demat account is Rs.650 per Annum. The Trading AMC for SAS Online and Axis Direct is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both SAS Online and Axis Direct is CDSL.
| Account Opening and Demat Charges | SAS Online | Axis Direct |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.999 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 | Rs.650 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Rs.25,000 |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | CDSL & NSDL |
SAS Online and Axis Direct Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for SAS Online is Rs.9 per executed order, while Axis Direct charges you 0.20% – 0.60%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for SAS Online is Rs.9 per executed order and for Axis Direct also, it is 0.03% – 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. SAS Online charge Rs.9 per executed order and Axis Direct charge 0.03% – 0.05% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, SAS Online charges Rs.9 per executed order, and Axis Direct charges Rs.10 per lot.
| Equity Brokerage Charges | SAS Online | Axis Direct |
|---|---|---|
| Equity Delivery Brokerage | Rs.9 per executed order | 0.20% – 0.60% |
| Equity Intraday Brokerage | Rs.9 per executed order | 0.03% – 0.05% |
| Equity Futures Brokerage | Rs.9 per executed order | 0.03% – 0.05% |
| Equity Options Brokerage | Rs.9 per executed order | Rs.10 per lot |
SAS Online and Axis Direct Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for SAS Online is Rs.9 per executed order and for Axis Direct is 0.03% – 0.05%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. SAS Online charges Rs.9 per executed order for currency options, whereas SAS Online charges Rs.10 per lot.
| Currency Brokerage Charges | SAS Online | Axis Direct |
|---|---|---|
| Currency Futures Brokerage | Rs.9 per executed order | 0.03% – 0.05% |
| Currency Options Brokerage | Rs.9 per executed order | Rs.10 per lot |
SAS Online and Axis Direct Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. SAS Online charges Rs.9 per executed order for commodity trading, while Axis Direct charges NA.
| Commodity Brokerage Charges | SAS Online | Axis Direct |
|---|---|---|
| Commodity Options Brokerage | Rs.9 per executed order | NA |
SAS Online and Axis Direct Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: SAS Online levies a minimum brokerage fee of Rs.9 per executed order, while Axis Direct charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: SAS Online levies a transaction brokerage charge of 0.00295% of Total Turnover, while Axis Direct charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for SAS Online is 0.0002% of Total Turnover and for SAS Online is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for SAS Online are 0.0126% of Total Turnover, while for Axis Direct, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. SAS Online charges Rs 20 per trader and Axis Direct charges Rs 20 per call.
| Other Brokerage Charges | SAS Online | Axis Direct |
|---|---|---|
| Minimum Brokerage Charges | Rs.9 per executed order | Percentage of Transaction | Transaction Brokerage Charges | 0.00295% of Total Turnover | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | Rs 20 per trader | Rs 20 per call |
SAS Online and Axis Direct Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by SAS Online is up to Upto 2x and by Axis Direct it is up to Upto 10x.
Equity Intraday: Leverage for equity intraday by SAS Online is up to Upto 7x and by Axis Direct it is up to Upto 15x.
Equity Futures: Leverage for Equity Futures by SAS Online is up to Upto 3x and by Axis Direct it is up to Upto 12x.
Equity Options: Leverage for Equity Options by SAS Online is up to Upto 6x and by Axis Direct also, it is up to Upto 12x.
| Equity Leverage | SAS Online | Axis Direct |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 10x | Equity Intraday | Upto 7x | Upto 15x | Equity Futures | Upto 3x | Upto 12x | Equity Options | Upto 6x | Upto 12x |
SAS Online and Axis Direct Currency Leverage
The currency futures leverage provided by SAS Online is up to Upto 1x, while for Axis Direct it is up to Upto 7x.
The currency options leverage provided by SAS Online is up to Upto 3x, while for Axis Direct it is up to Upto 8x.
| Currency Leverage | SAS Online | Axis Direct |
|---|---|---|
| Currency Futures | Upto 1x | Upto 7x | Currency Options | Upto 3x | Upto 8x |
SAS Online and Axis Direct Commodity Leverage
The commodity leverage provided by SAS Online is up to Upto 2x, while for Axis Direct it is up to NA.
| Commodity Leverage | SAS Online | Axis Direct |
|---|---|---|
| Commodity | Upto 2x | NA |
SAS Online and Axis Direct Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | SAS Online | Axis Direct |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | No | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
SAS Online and Axis Direct Features
Equity Trading: SAS Online and Axis Direct brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: SAS Online and Axis Direct also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of SAS Online and Axis Direct broker is that you can also invest in IPOs. SAS Online also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. SAS Online offers trading exposure of up to Upto 7x, while Axis Direct gives up to Upto 15x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With SAS Online and Axis Direct, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. SAS Online and Axis Direct also allow you to trade in forex trading.
| Features | SAS Online | Axis Direct |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 7x | Upto 15x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | Yes | Insurance | No | Yes |
SAS Online and Axis Direct Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. SAS Online and Axis Direct offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | SAS Online | Axis Direct |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | No |
| IPO Reports | No | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | No | No |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
SAS Online and Axis Direct Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. SAS Online and Axis Direct offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | SAS Online | Axis Direct |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
SAS Online and Axis Direct Mobile Trading Platforms
SAS Online and Axis Direct offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | SAS Online | Axis Direct |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
SAS Online and Axis Direct Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. SAS Online and Axis Direct give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | SAS Online | Axis Direct |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | No Branch | 186 |
SAS Online and Axis Direct Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for SAS Online and Axis Direct registered and resolved complaints.
For SAS Online, the Percentage of resolved BSE complaints is 93.10 % and the Percentage of resolved NSE complaints is 92.68 %.
For Axis Direct, the Percentage of resolved BSE complaints is 89.15 % and the Percentage of resolved NSE complaints is 87.30 %.
We can say that SAS Online is better than Axis Direct in case of resolving customer complaints.
| BSE Complaints | SAS Online | Axis Direct |
|---|---|---|
| BSE Complaints | 29 | 129 |
| BSE Resolved Complaints | 27 | 115 |
| Percentage of resolved BSE complaints | 93.10 % | 89.15 % |
| NSE Complaints | 41 | 189 |
| NSE Resolved Complaints | 38 | 165 |
| Percentage of resolved NSE complaints | 92.68 % | 87.30 % |
| BSE/NSE Complaint vs. Resolved Percentage | 92.89 % | 88.22 % |
Frequently Asked Questions
Is SAS Online better than Axis Direct?
SAS Online is a discount broker and Axis Direct is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Axis Direct better than SAS Online?
Axis Direct is a full service broker and SAS Online is a discount broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between SAS Online and Axis Direct?
The brokerage charges for SAS Online are on the cheaper side since it is a discount broker, while Axis Direct is a full-service broker. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, SAS Online and Axis Direct?
To figure out which of the two stockbrokers, SAS Online and Axis Direct, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare SAS Online with other stock brokers
Visit the following pages to see a detailed comparision report of SAS Online with other brokerage firms.
Compare Axis Direct with other stock brokers
Visit the following pages to see a detailed comparision report of Axis Direct with other brokerage firms.