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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 Securities Ltd Axis Securities
 
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 is a subsidiary company of Axis Bank Ltd. Company offers broking services and distribution of financial products to retail customers in India. Axis Sec offers a single account to its customer to invest in Equitie... Know more about Axis Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, MCX BSE, NSE
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
Number of Branches 1
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Fyers Vs AxisDirect Charges

  Fyers Securities Ltd Axis Securities
Trading Account Opening Fees ₹0 (Free) ₹900 (3 in 1 account)
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 ₹500
Demat Account is Mandatory? No No
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Fyers Vs AxisDirect Brokerage

Brokerage Plan 1

  Fyers Securities Ltd Axis Securities
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 0.03% each side
Currency Options Trading Brokerage ₹20 per executed order ₹20 per lot
Commodity Futures Trading Brokerage NA 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments) ₹250 per monthly fee if do not have axis bank account
Call & Trade Charges ₹20 per trade ₹20 per call post 20th call per month
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Fyers Vs AxisDirect Taxes

  Fyers Securities Ltd Axis Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Fyers Vs AxisDirect Transaction Charges

  Fyers Securities Ltd Axis Securities
Equity Delivery ₹325 per crore (0.00325%) 0.00325% (₹325/Cr)
Equity Intraday ₹325 per crore (0.00325%) 0.00325% (₹325/Cr)
Equity Futures ₹240 per crore (0.0024%) 0.0019% (₹190/Cr)
Equity Options ₹5900 per crore (on premium) (0.059%) 0.05% (₹5000/crore)
Currency Futures ₹240 per crore (0.0024%) 0.0019% (₹190/Cr)
Currency Options ₹5900 per crore (on premium) (0.059%) 0.05% (₹5000/crore)
Commodity NA
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Fyers Vs AxisDirect Exposure Margin

  Fyers Securities Ltd Axis Securities
Equity Delivery 1 times Nil
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) Nil
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x Nil
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) NA
Commodity NA 3x
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Fyers and AxisDirect Feature Comparison

  Fyers Securities Ltd Axis Securities
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, Swift Trade, Axisdirect Mobile
Intraday Square-off Time 3:20 PM 3:15
Other Features Brokerage free thematic investing is available Can trade in 32 exchanges through Saxo Trader
Referral Program Yes
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Fyers Vs AxisDirect Review

  Fyers Securities Ltd Axis Securities
  8 Customer Reviews    Rate Fyers 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.1 2.0
Trading Brokerage Rating 3.9 1.8
Trading Platform Usability 3.0 2.7
Customer Service Ratings 4.0 2.4
Overall Ratings Rated 3.6 stars Rated 2.2 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd Axis Securities
Contact / Request Call Back
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Fyers Vs AxisDirect Investment Options

  Fyers Securities Ltd Axis Securities
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
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Fyers Vs AxisDirect Customer Service

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

  Fyers Securities Ltd Axis Securities
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.

Enquire about Fyers Enquire about AxisDirect
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