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.
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Upstox |
Axis Securities |
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| 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 ...  |
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... |
Type of Broker
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Discount Broker |
Full Service Broker |
| Supported Exchnage
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BSE, NSE, MCX |
BSE, NSE |
| Account Type
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Upstox Basic |
Fixed Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Upstox |
Axis Securities |
| Trading Account Opening Fees
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₹150 (Eq and F&O), ₹150 (MCX) |
Rs 999 |
| Trading Account AMC
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₹0 |
Rs 0 |
| Demat Account Opening Fees
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₹0 |
Rs 0 |
| Demat Account AMC
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₹150 (paid upfront) |
Rs 650 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Upstox |
Axis Securities |
| Account Type |
Upstox Basic |
Fixed Plan |
| Fixed Charges
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₹0 |
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| Equity Delivery Brokerage
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₹0 |
0.50% |
| Equity Intraday Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.05% |
| Equity Futures Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.05% |
| Equity Options Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Currency Futures Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.05% |
| Currency Options Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Commodity Futures Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
NA |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Upstox |
Axis Securities |
| Account Type |
Upstox Priority |
Investment Plus Plan |
| Fixed Charges
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₹0 |
Rs 1500 for 6 Months |
| Equity Delivery Brokerage
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₹0 |
0.50% |
| Equity Intraday Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
0.05% |
| Equity Futures Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
0.05% |
| Equity Options Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Currency Futures Trading Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
0.05% |
| Currency Options Trading Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Commodity Futures Trading Brokerage
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₹30 per trade or 0.05% (whichever is lower) |
NA |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Upstox |
Axis Securities |
| Account Type |
Upstox Basic |
Now or Never Plan |
| Fixed Charges
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₹0 |
Rs 5555 for 10 years |
| Equity Delivery Brokerage
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₹0 |
0.25% |
| Equity Intraday Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.03% |
| Equity Futures Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.03% |
| Equity Options Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Currency Futures Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
0.03% |
| Currency Options Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
Intraday Rs 0.01, Carry Forward: Rs 10 per lot |
| Commodity Futures Trading Brokerage
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₹20 per trade or 0.01% (whichever is lower) |
NA |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0 |
Rs 20 per trade or 2.5% of the trade value whichever is lower |
| Other Brokerage Charges
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| Call & Trade Charges
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₹20 per trade |
Rs 20 per call post 20th call per month |
Taxes
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Upstox |
Axis Securities |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Upstox |
Axis Securities |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
0.00325% (Rs 325/Cr) |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
0.00325% (Rs 325/Cr) |
| Equity Futures
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NSE ₹210 |
0.0019% (Rs 190/Cr) |
| Equity Options
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NSE ₹5500 |
0.05% (Rs 5000/crore) |
| Currency Futures
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₹150 |
0.0019% (Rs 190/Cr) |
| Currency Options
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₹6000 |
0.05% (Rs 5000/crore) |
| Commodity
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MCX ₹260/Cr |
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Exposure
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Upstox |
Axis Securities |
| Equity Delivery
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1x |
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| Equity Intraday
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Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x |
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| Equity Futures
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x |
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| Equity Options
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
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| Currency Futures
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
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| Currency Options
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
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| Commodity
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Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x |
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Share Broker Features
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Upstox |
Axis Securities |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
DirectTrade, Swift Trade |
| Intraday Square-off Time
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3:15 PM |
3:15 |
| Other Features
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Broker Ratings (Average User Rating)
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Upstox |
Axis Securities |
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46 Customer Reviews  |
45 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Upstox is Rated 2.5 / 5 based on 46 customer reviews |
AxisDirect is Rated 2.2 / 5 based on 45 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Upstox |
Axis Securities |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Upstox |
Axis Securities |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Upstox |
Axis Securities |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Upstox |
Axis Securities |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Upstox |
Axis Securities |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Upstox |
Axis Securities |
| Pros
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- 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.
More Advantages... |
- Zero brokerage for options Intraday trading. Rs 10 per lot for options carry forward.
- Offers 3-in-1 investment account
- Free research reports
- Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
More Advantages... |
| Cons
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- 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.
More Disadvantages... |
- Installable trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
More Disadvantages... |
| Reviews
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Useful articles about Upstox:
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| Promo / Offers
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Get Account Opening Fee Refunded
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback. To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.
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Enquire about Upstox
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Enquire about AxisDirect
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| Compare More Brokers |
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Zerodha
Zero Account Opening Fee