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
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2012	2006
Number of Branches	4	56
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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	Default	Standard Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	0.50%
Equity Intraday	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Equity Futures	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Equity Options	Rs 20 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures	Rs 20 per executed order or 0.05% whichever is lower	0.05%
Currency Options	Rs 20 per executed order	Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures	Rs 20 per executed order or 0.05% whichever is lower	0.03%
Commodity Options	Rs 20 per executed order	Rs 50 per lot
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.

Upstox Charges Vs AxisDirect

Minimum Brokerage	0.05%	Rs 20 per trade
Other Charges	Auto Square-off Charges: Rs 50
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%)
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Upstox Vs AxisDirect Leverage (Margin)

Upstox margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the AxisDirect margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Upstox	AxisDirect
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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	3:00 PM	3:15
Other Features	Option strategy builder
Referral Program
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Upstox Vs AxisDirect Review

Upstox is rated 2.4 of 5 based on 117 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

	Upstox	AxisDirect
	117 Customer Reviews	71 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Upstox is rated 2.4 of 5 based on 117 customer reviews	AxisDirect is rated 2.1 of 5 based on 71 customer reviews

Upstox Vs AxisDirect Investment Options

	Upstox	AxisDirect
Stock / Equity
Commodity
Currency
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)
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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	Zero account opening fee. Zero brokerage for trading in Equity Delivery (Cash & Carry). Zero brokerage for Mutual Fund and digital gold investment. Flat Rs 20 per trade brokerage for all other segments. Offer direct mutual funds. Free trading software for mobile and web browsers. One app for trading in equity, currency, and commodity. Margin Against Share is available 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. It does not offer the 'Good Till Canceled (GTC) order type. It does not offer BTST facility. Unlimited monthly plans not available. No stock tips or recommendations. It charges an additional fee for call & trade. It charges an additional fee of Rs 50 for auto-square-off done by the broker. Higher demat debit transaction charges. Upstox doesn't offer NRI Trading and Demat Account. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.	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	Free Equity Delivery Trading & Mutual Funds Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold. Pay flat Rs 20 for Intra-day and F&O Trades. Trade with the best trading platform. It is a limited-time offer. Open Instant Account online and start trading the same day.
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