Fyers Vs AxisDirect (Compare Fyers and AxisDirect)


Fyers
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", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


AxisDirect
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 AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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Fyers Vs AxisDirect

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  Fyers AxisDirect
Type of Broker Discount Broker Full Service Broker
Exchnage Membership NSE, MCX BSE, NSE, MCX
Year of Incorporation 2015 2006
Number of Branches 0 56
Open an Online Trading Account with Fyers.Open an Online Trading Account with AxisDirect.
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Fyers Vs AxisDirect Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while AxisDirect account opening changes is Rs 900. Fyers Demat Account AMC Charges is Rs 300 and AxisDirect Demat Account AMC Charges is Rs 650.

  Fyers AxisDirect
Trading Account Opening Charges Rs 0 (Free) Rs 900
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 Rs 650
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Fyers Vs AxisDirect Brokerage Charges & Plans

Fyers Vs AxisDirect Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  Fyers AxisDirect
Account Type Flat Fee Brokerage Plan Standard Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.50%
Equity Intraday Rs 20 per executed order or .03% whichever is lower 0.05%
Equity Futures Rs 20 per executed order or .03% whichever is lower 0.05%
Equity Options Rs 20 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Rs 20 per executed order or .03% whichever is lower 0.05%
Currency Options Rs 20 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Rs 20 per executed order or .03% whichever is lower 0.03%
Commodity Options Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Fyers Charges Vs AxisDirect

Minimum Brokerage Intra-day: Rs 7 or 2.5% whichever is lower Rs 20 per trade
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per trade Rs 20 per call
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Fyers Vs AxisDirect Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

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

Fyers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the AxisDirect margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Fyers AxisDirect
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Fyers and AxisDirect Features

The trading platforms offered Fyers include Fyers One (In-house build). AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  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 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 is rated 3.2 of 5 based on 21 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  Fyers AxisDirect
  21 Customer Reviews    Rate Fyers 71 Customer Reviews    Rate AxisDirect
Fees 3.3 2.0
Brokerage 3.7 1.7
Trading Platform 3.2 2.6
Customer Service 3.4 2.2
Research Capabilities 1.7 2.9
Overall Ratings Rated 3.2 stars Rated 2.1 stars
Broker Rating Fyers is rated 3.2 of 5 based on 21 customer reviews AxisDirect is rated 2.1 of 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire AxisDirect Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. 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
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 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 - Pros and Cons

  Fyers AxisDirect
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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!
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews
Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

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