Fyers Vs AxisDirect (Compare Fyers and AxisDirect)

The side-by-side comparison of Fyers and AxisDirect. Compare Fyers Vs AxisDirect brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs 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
Supported Exchnages NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Standard Brokerage Plan
Year of Incorporation 2015 2006
Number of Branches 0 56
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.
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Fyers Vs AxisDirect Charges & AMC

Fyers trading account opening charges is ₹400 (Free) while AxisDirect account opening changes is ₹900. Fyers Demat Account AMC Charges is ₹300 and AxisDirect Demat Account AMC Charges is ₹650.

  Fyers AxisDirect
Trading Account Opening Charges ₹400 (Free) ₹900
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 (Free) ₹0
Demat Account AMC Charges ₹300 ₹650
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Fyers Vs AxisDirect Brokerage Charges & Plans

Fyers Vs AxisDirect Brokerage

Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹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
Equity Delivery Brokerage ₹0 (Free) 0.50%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.05%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.05%
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 .03% whichever is lower 0.05%
Currency Options Trading Brokerage ₹20 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order ₹50 per lot
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

Fyers Charges Vs AxisDirect

Minimum Brokerage Charges Intra-day: ₹7 or 2.5% whichever is lower ₹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 Transaction Charges

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

  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 Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the AxisDirect margin for intraday cash is Upto 10x.

  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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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 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 is rated 4.0 of 5 based on 14 customer reviews whereas AxisDirect is rated 2.2 of 5 based on 57 customer reviews.

  Fyers AxisDirect
  14 Customer Reviews    Rate Fyers 57 Customer Reviews    Rate AxisDirect
Fees 3.6 2.1
Trading Brokerage 4.0 1.8
Trading Platform Usability 3.6 2.7
Customer Service 4.3 2.3
Research Capabilities 2.0 3.7
Overall Ratings Rated 4.0 stars Rated 2.2 stars
Broker Rating Fyers is rated 4.0 of 5 based on 14 customer reviews AxisDirect is rated 2.2 of 5 based on 57 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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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 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 ₹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!
  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 ₹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
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

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