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Upstox Vs AxisDirect Share Broker Comparison

The side-by-side comparison of Upstox and Axis Securities stock brokers in India. The comparison below highlights the similarities and differences between Upstox and AxisDirect's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Upstox and AxisDirect.

  Upstox Axis Securities
 
Upstox Logo Axis Securities Logo
About the Broker Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox 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 BSE, NSE, MCX BSE, NSE
Account Type Upstox Basic Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with Upstox. 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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Stock Broker Fees / Charges

  Upstox Axis Securities
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) ₹900 (3 in 1 account)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹150 ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Axis Securities
Account Type Upstox Basic Trade@20 (SA75000)
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹20 per executed order
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03% each side
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per lot
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Brokerage Plan 2

  Upstox Axis Securities
Account Type Upstox Priority Trade@20 (SA75000)
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹20 per executed order
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.03% each side
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per lot
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.03% each side
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹0 ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges ₹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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Taxes

  Upstox 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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Transaction Charges

  Upstox Axis Securities
Equity Delivery NSE ₹325 | BSE ₹275 0.00325% (₹325/Cr)
Equity Intraday NSE ₹325 | BSE ₹275 0.00325% (₹325/Cr)
Equity Futures NSE ₹210 0.0019% (₹190/Cr)
Equity Options NSE ₹5500 0.05% (₹5000/crore)
Currency Futures ₹150 0.0019% (₹190/Cr)
Currency Options ₹6000 0.05% (₹5000/crore)
Commodity MCX ₹260/Cr
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Exposure

  Upstox Axis Securities
Equity Delivery 2.5x Nil
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x Upto 10x
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Nil
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Nil
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x NA
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x NA
Commodity Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x 3x
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Share Broker Features

  Upstox Axis Securities
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola DirectTrade, Swift Trade, Axisdirect Mobile
Intraday Square-off Time 3:15 PM 3:15
Other Features Option strategy builder Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  Upstox Axis Securities
  49 Customer Reviews    Rate Upstox 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.8 2.0
Trading Brokerage Rating 3.6 1.8
Trading Platform Usability 2.9 2.7
Customer Service Ratings 2.5 2.4
Overall Ratings Rated 2.6 stars Rated 2.2 stars
Broker Rating Upstox is Rated 2.6 / 5 based on 49 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  Upstox Axis Securities
Contact / Request Call Back
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Investment Options Available

  Upstox 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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Customer Service Offered

  Upstox Axis Securities
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Upstox Axis Securities
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No Yes
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Research / Tips / Reports Published

  Upstox Axis Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Upstox Axis Securities
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Upstox Axis Securities
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

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 Useful articles about Upstox:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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