20Rs per Trade from Axis Securities

#1
Axis direct has come out with India Trade @ 20 plan in which every trade is for 20Rs. only.

I write options on positional basis and now SEBI has increased the margins required to absurd levels. To earn any meaningful amount We need to keep large sums of money in broker accounts which does not feel really safe. In this context how would you rate this new plan of Axis direct:

1) Am I right in my understanding that Axis Direct being related to Axis bank my funds would be truly safe with them ( I am talking about funds upwards of 50 Lakhs)?

2) How are Axis Direct platforms usability and reliability wise?

3) Should I be aware of any excessive or hidden charges like Clearing charges, Transaction charges etc.


Thanks,
 

milkyblack

Well-Known Member
#2
Hello everyone,

Any one using Axis direct as a broker to trade. Pls share your views about the platform etc.
Any input will be highly appreciated
 

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