Upstox Vs AxisDirect (Compare Upstox and AxisDirect)

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
	Enquire Upstox	Enquire AxisDirect

Upstox Vs AxisDirect Charges & AMC

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

	Upstox	AxisDirect
Trading Account Opening Charges	Rs 249	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

Upstox Vs AxisDirect Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 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	NA
Equity Delivery Brokerage	Rs 0 (Free)	0.50%
Equity Intraday Brokerage	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Equity Futures Brokerage	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Equity Options Brokerage	Rs 20 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Currency Options Trading Brokerage	Rs 20 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Trading Brokerage	Rs 20 per executed order or 0.05% whichever is lower	0.03%
Commodity Options Trading Brokerage	Rs 20 per executed order	Rs 50 per lot
Special Offer	Special Offer: 30 days unlimited brokerage credit + Flat Rs 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	Rs 0	0.50%
Equity Intraday Brokerage	Rs 30 per executed order or 0.10% whichever is lower	0.05%
Equity Futures Brokerage	Rs 30 per executed order or 0.10% whichever is lower	0.05%
Equity Options Brokerage	Rs 30 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage	Rs 30 per executed order or 0.10% whichever is lower	0.05%
Currency Options Trading Brokerage	Rs 30 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures Trading Brokerage	Rs 30 per executed order or 0.10% whichever is lower	0.03%
Commodity Options Trading Brokerage	Rs 30 per executed order	Rs 50 per lot
	Enquire Upstox	Enquire AxisDirect

Upstox Charges Vs AxisDirect

Minimum Brokerage Charges	0.05%	Rs 20 per trade
Other Brokerage Charges
Call & Trade Charges	Rs 20 per trade	Rs 20 per call

Upstox Vs AxisDirect Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

	Upstox	AxisDirect
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures	NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)	Rs 190 per Cr (0.0019%)
Currency Options	NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)	Rs 5000 per Cr (0.05%) (on premium)
Commodity	Group A - Rs 290 per Cr (0.0029%)
	Enquire Upstox	Enquire AxisDirect

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)
	Enquire Upstox	Enquire AxisDirect

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Enquire Upstox	Enquire AxisDirect

Upstox Vs AxisDirect Review

Upstox is rated 2.5 of 5 based on 106 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 68 customer reviews.

	Upstox	AxisDirect
	106 Customer Reviews	68 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Upstox is rated 2.5 of 5 based on 106 customer reviews	AxisDirect is rated 2.1 of 5 based on 68 customer reviews

Upstox Vs AxisDirect Investment Options

	Upstox	AxisDirect
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Loans, ETF, Corporate FD

Upstox Vs AxisDirect Order Type Offered

	Upstox	AxisDirect
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire Upstox	Enquire AxisDirect

Upstox Vs AxisDirect Research Report

	Upstox	AxisDirect
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Upstox Vs AxisDirect Suitable For Investor Type

	Upstox	AxisDirect
Casual Investor
Active Investor
Trader

Upstox Vs AxisDirect - Pros and Cons

	Upstox	AxisDirect
Pros	Upstox basic plan offers brokerage free trading in Equity Delivery segment. No brokerage for equity delivery trades. Free trading software including mobile and web trading app. Advance orders including AMO, CO and BO are available. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all. AmiBroker connector available for Algo Trading. Mutual Funds are available for investment. Higher leverage is available under different brokerage plan. Online IPO, FPO, Bonds and NCD's are available.	Offers 3-in-1 investment account Free research reports 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 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	Get 30 Days Unlimited Trading Join over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat Rs 20 per order. Request Callback
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