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 ₹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

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
	Enquire Upstox	Enquire AxisDirect

Upstox Charges Vs AxisDirect

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

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%)
	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 2.4 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	61 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

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 ₹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. Request Callback
	Enquire Upstox	Enquire AxisDirect