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Fyers Vs AxisDirect (Compare Fyers and AxisDirect)

The side-by-side comparison of Fyers and AxisDirect. Compare Fyers Vs AxisDirect brokerage, charges, exposure margin, demat account. Read AxisDirect and Fyers review.

Find out Fyers Vs AxisDirect which is better and Fyers Vs AxisDirect which is best.

Our Fyers Securities Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between Fyers and AxisDirect.

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Fyers Vs AxisDirect

  Fyers AxisDirect
Find more info about broker
Fyers Securities Ltd Logo Axis Securities Logo
About the Broker Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDir... Know more about Axis Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
Year of Incorporation 2015 2006
Number of Branches 0 56
Enquire Fyers Enquire AxisDirect
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Fyers Vs AxisDirect Charges

  Fyers AxisDirect
Trading Account Opening Fees ₹0 (Free) ₹900
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 ₹650
Demat Account is Mandatory? No No
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Fyers Vs AxisDirect Brokerage

Brokerage Plan 1

  Fyers AxisDirect
Account Type Flat Fee Brokerage Plan Trade@20 (SA75000)
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower NA
Currency Options Trading Brokerage ₹20 per executed order NA
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

Brokerage Plan 2

  Fyers AxisDirect
Account Type Flat Fee Brokerage Plan Fixed Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.50% (Each Leg)
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.05% (Each Leg)
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.05% (Each Leg)
Equity Options Brokerage ₹20 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.05% (Each Leg)
Currency Options Trading Brokerage ₹20 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage NA 0.03% (Each Leg)
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹20 per trade
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per trade ₹20 per call
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Fyers Vs AxisDirect Taxes

  Fyers AxisDirect
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Fyers Vs AxisDirect Transaction Charges

  Fyers AxisDirect
Equity Delivery ₹325 per Cr (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday ₹325 per Cr (0.00325%) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures ₹240 per Cr (0.0024%) NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options ₹5900 per Cr (on premium) (0.059%) NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures ₹240 per Cr (0.0024%) ₹190 per Cr (0.0019%)
Currency Options ₹5900 per Cr (on premium) (0.059%) ₹5000 per Cr (0.05%) (on premium)
Commodity NA
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Fyers Vs AxisDirect Exposure Margin

  Fyers AxisDirect
Equity Delivery 1 times 100% (1x)
Equity Intraday Up to 16x (based on the stock) Upto 10x
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) 100% (1x)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x 100% (1x)
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 100% (1x)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) 100% (1x)
Commodity Futures NA 3x
Commodity Options 100% (1x)
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Fyers and AxisDirect Feature Comparison

  Fyers AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Fyers One (In-house build) DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:20 PM 3:15
Other Features Brokerage free thematic investing is available
Referral Program Yes Yes
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Fyers Vs AxisDirect Review

  Fyers AxisDirect
  12 Customer Reviews    Rate Fyers 53 Customer Reviews    Rate AxisDirect
Fees 3.5 2.1
Trading Brokerage 3.8 1.8
Trading Platform Usability 3.5 2.8
Customer Service 4.2 2.4
Research Capabilities 5.0
Overall Ratings Rated 3.9 stars Rated 2.2 stars
Broker Rating Fyers is Rated 3.9 / 5 based on 12 customer reviews AxisDirect is Rated 2.2 / 5 based on 53 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire AxisDirect Enquire
Contact Broker

FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

Leave your contact information and we will get in touch with you....

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Fyers Vs AxisDirect Investment Options

  Fyers AxisDirect
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Loans, ETF, Corporate FD
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Fyers Vs AxisDirect Customer Service

  Fyers AxisDirect
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Fyers Vs AxisDirect Order Type Offered

  Fyers AxisDirect
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No Yes
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Fyers Vs AxisDirect Research Report

  Fyers AxisDirect
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Fyers Vs AxisDirect Suitable For Investor Type

  Fyers AxisDirect
Casual Investor Yes
Active Investor Yes
Trader Yes
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Fyers Vs AxisDirect - Advantages and Disadvantages

  Fyers AxisDirect
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

More Advantages...

  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

  • Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹20 extra per trade

More Disadvantages...

Reviews
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

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