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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 What is this parameter? Discount Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX BSE, NSE
Account Type What is this parameter? Upstox Basic Fixed Plan
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 What is this parameter? ₹150 (Eq and F&O), ₹150 (MCX) Rs 999
Trading Account AMC What is this parameter? ₹0 Rs 0
Demat Account Opening Fees What is this parameter? ₹0 Rs 0
Demat Account AMC What is this parameter? ₹150 (paid upfront) Rs 650
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Axis Securities
Account Type Upstox Basic Fixed Plan
Fixed Charges What is this parameter? ₹0
Equity Delivery Brokerage What is this parameter? ₹0 0.50%
Equity Intraday Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.05%
Equity Futures Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.05%
Equity Options Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.05%
Currency Options Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Commodity Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Upstox Axis Securities
Account Type Upstox Priority Investment Plus Plan
Fixed Charges What is this parameter? ₹0 Rs 1500 for 6 Months
Equity Delivery Brokerage What is this parameter? ₹0 0.50%
Equity Intraday Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.05%
Equity Futures Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.05%
Equity Options Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) 0.05%
Currency Options Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Commodity Futures Trading Brokerage What is this parameter? ₹30 per trade or 0.05% (whichever is lower) NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 3

  Upstox Axis Securities
Account Type Upstox Basic Now or Never Plan
Fixed Charges What is this parameter? ₹0 Rs 5555 for 10 years
Equity Delivery Brokerage What is this parameter? ₹0 0.25%
Equity Intraday Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.03%
Equity Futures Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.03%
Equity Options Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.03%
Currency Options Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Intraday Rs 0.01, Carry Forward: Rs 10 per lot
Commodity Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0 Rs 20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹20 per trade Rs 20 per call post 20th call per month
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Taxes

  Upstox Axis Securities
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 What is this parameter? NSE ₹325 | BSE ₹275 0.00325% (Rs 325/Cr)
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 0.00325% (Rs 325/Cr)
Equity Futures What is this parameter? NSE ₹210 0.0019% (Rs 190/Cr)
Equity Options What is this parameter? NSE ₹5500 0.05% (Rs 5000/crore)
Currency Futures What is this parameter? ₹150 0.0019% (Rs 190/Cr)
Currency Options What is this parameter? ₹6000 0.05% (Rs 5000/crore)
Commodity What is this parameter? MCX ₹260/Cr
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Exposure

  Upstox Axis Securities
Equity Delivery What is this parameter? 1x
Equity Intraday What is this parameter? Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity What is this parameter? Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Upstox Axis Securities
3 in 1 Account What is this parameter? No Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No
Trading Platform What is this parameter? Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola DirectTrade, Swift Trade
Intraday Square-off Time What is this parameter? 3:15 PM 3:15
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Upstox Axis Securities
  42 Customer Reviews    Rate Upstox 45 Customer Reviews    Rate AxisDirect
Fees Ratings 3.7 2.0
Trading Brokerage Rating 3.7 1.8
Trading Platform Usability 2.8 2.7
Customer Service Ratings 2.5 2.5
Overall Ratings Rated 2.5 stars Rated 2.2 stars
Broker Rating Upstox is Rated 2.5 / 5 based on 42 customer reviews AxisDirect is Rated 2.2 / 5 based on 45 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 What is this parameter? Yes Yes
Commodity What is this parameter? Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No Yes
Mutual Funds What is this parameter? No Yes
Bond / NCD What is this parameter? No Yes
Debt What is this parameter? No Yes
Other Investment Options What is this parameter?
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Customer Service Offered

  Upstox Axis Securities
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? No Yes
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Order Type

  Upstox Axis Securities
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Upstox Axis Securities
Daily Market Report What is this parameter? No Yes
Free Tips What is this parameter? No Yes
Quarterly Result Analysis What is this parameter? No Yes
News Alerts What is this parameter? No Yes
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Suitable for Investor Category

  Upstox Axis Securities
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Upstox Axis Securities
Pros What is this parameter?
  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. Zero brokerage for options Intraday trading. Rs 10 per lot for options carry forward.
  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 What is this parameter?
  • 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 What is this parameter? Useful articles about Upstox:
Promo / Offers What is this parameter?

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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