Upstox Vs AxisDirect (Compare Upstox and AxisDirect)

The side-by-side comparison of Upstox and AxisDirect. Compare Upstox Vs AxisDirect brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Upstox vs AxisDirect?


Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


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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Upstox Vs AxisDirect

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 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.

  Upstox AxisDirect
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic Standard Brokerage Plan
Year of Incorporation 2012 2006
Number of Branches 4 56
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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Upstox Vs AxisDirect Charges & AMC

Upstox trading account opening charges is ₹249 while AxisDirect account opening changes is ₹900. Upstox Demat Account AMC Charges is ₹300 and AxisDirect Demat Account AMC Charges is ₹650.

  Upstox AxisDirect
Trading Account Opening Charges ₹249 ₹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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Upstox Vs AxisDirect Brokerage Charges & Plans

Upstox Vs AxisDirect Brokerage

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

  Upstox AxisDirect
Account Type Upstox Basic Standard Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.50%
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower 0.05%
Equity Futures Brokerage ₹20 per executed order or 0.05% 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 0.05% 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 0.05% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order ₹50 per lot
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Upstox Vs AxisDirect Brokerage Plan 2

  Upstox AxisDirect
Account Type Upstox Priority (Higher Margin) Standard Brokerage Plan
Fixed Charges NA NA
Equity Delivery Brokerage ₹0 0.50%
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower 0.05%
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower 0.05%
Equity Options Brokerage ₹30 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.05%
Currency Options Trading Brokerage ₹30 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹30 per executed order ₹50 per lot
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Upstox Charges Vs AxisDirect

Minimum Brokerage Charges 0.05% ₹20 per trade
Other Brokerage Charges
Call & Trade Charges ₹20 per trade ₹20 per call
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Upstox Vs AxisDirect Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while AxisDirect exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium).

  Upstox AxisDirect
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures NSE ₹210 per Cr (0.0021%) NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) ₹190 per Cr (0.0019%)
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium) ₹5000 per Cr (0.05%) (on premium)
Commodity Group A - ₹290 per Cr (0.0029%)
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Upstox Vs AxisDirect Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the AxisDirect margin for intraday cash is Upto 10x.

  Upstox AxisDirect
Equity Delivery 1x (no margin) 100% (1x)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Upto 10x
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x 100% (1x)
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x 100% (1x)
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x 100% (1x)
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x 100% (1x)
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x 3x
Commodity Options 100% (1x)
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Compare Upstox and AxisDirect Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  Upstox AxisDirect
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 Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15 PM 3:15
Other Features Option strategy builder
Referral Program Yes Yes
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Upstox Vs AxisDirect Review

Upstox is rated 2.4 of 5 based on 95 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 61 customer reviews.

  Upstox AxisDirect
  95 Customer Reviews    Rate Upstox 61 Customer Reviews    Rate AxisDirect
Fees 3.5 2.0
Trading Brokerage 3.5 1.8
Trading Platform Usability 2.6 2.7
Customer Service 2.3 2.3
Research Capabilities 2.2 2.9
Overall Ratings Rated 2.4 stars Rated 2.1 stars
Broker Rating Upstox is rated 2.4 of 5 based on 95 customer reviews AxisDirect is rated 2.1 of 5 based on 61 customer reviews
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FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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Upstox Vs AxisDirect Investment Options

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

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

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

  Upstox AxisDirect
Casual Investor Yes
Active Investor Yes
Trader Yes
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Upstox Vs AxisDirect - Pros and Cons

  Upstox AxisDirect
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.
  9. Online IPO, FPO, Bonds and NCD's are available.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
  • 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

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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