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Fyers Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Fyers offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Fyers Max Rs 20 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Fyers is a Discount Broker where AxisDirect is a Full Service Broker. Fyers is having overall higher rating compare to AxisDirect. Fyers is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for AxisDirect is 3,63,904 where number of active customer for Fyers is 2,22,798. AxisDirect is serving more customer compare to Fyers.

Here we present side-by-side comparison of Fyers vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Fyers vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Fyers vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Fyers vs AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Fyers vs AxisDirect on Service

  Fyers Compare
Fyers
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE, BSE
Active Clients 2,22,798 3,63,904
Broker Overview Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i... Know more about Fyers Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Fyers Request call back from Zerodha
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Account Opening Charges and AMC

Compare Fyers vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Fyers with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Fyers with AxisDirect
Charges Fyers AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Fyers vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Fyers with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where Fyers doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Fyers with AxisDirect on Plan Options
Plan Types Fyers AxisDirect
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Fyers Zerodha
Account Opening Request
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Brokerage Charges

Compare Fyers vs AxisDirect on Brokerage Charges

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Fyers with AxisDirect
Brokerage Charges Compare Fyers AxisDirect
Plan Name Max Rs 20 Per Order Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Free 0.50% (Each leg)
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% (Each Leg)
Currency Options Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 20 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding No Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50 Per Order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Fyers Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Fyers vs AxisDirect on Transaction Charges

Compare Fyers with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Fyers with AxisDirect
Transaction Charges Compare Fyers AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA
Brokerage Charges Complete Brokerage Plans for fyers Complete Brokerage Plans for axisdirect
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Account Features

Compare Fyers vs AxisDirect on Account Features

Compare Fyers with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Fyers offers only 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - AxisDirect offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - AxisDirect offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Fyers with AxisDirect
Account Features Compare Fyers AxisDirect
3 in 1 Account No Fyers have 2-in-1 account. Only Demate and Trading account. Yes, Fyers have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 2:45 PM
NRI Trading No Yes
Other Features Fyers 30 Day Challenge NIL
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Trading Platform

Compare Fyers vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Fyers with AxisDirect
Trading Platform Compare Fyers AxisDirect
Desktop Trading Platform Fyers One Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Fyers Web https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Fyers 2.0 Mobile App AxisDirect Ring Mobile App
Mobile Trading App Demo Fyers 2.0 Mobile App Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Fyers 2.0 Mobile App Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Fyers 2.0 Mobile App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Fyers Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for fyers Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Fyers vs AxisDirect on User Rating

  Fyers AxisDirect
  10 Customer Reviews    Rate Fyers 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.5 2.5
Trading Brokerage Rating 3.6 2.0
Trading Platform Usability 3.6 3.2
Customer Service Ratings 3.4 2.7
Overall Ratings 3.2 2.3
Broker Rating Fyers is Rated 3.2 / 5 based on 10 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Fyers vs AxisDirect on Investment Offerings

Compare Fyers with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Fyers with AxisDirect
Investment Offerings Compare Fyers AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Fyers vs AxisDirect on Order Types

Order Type - Compare Fyers with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Fyers provide Bracket Orders (BO) where AxisDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Fyers with AxisDirect
Order Type Compare Fyers AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Fyers vs AxisDirect on Customer Service

Compare Fyers with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Fyers with AxisDirect
Customer Service Compare Fyers AxisDirect
24/7 Customer Service Fyers vs AxisDirect - 24x7 customer support No No
Email Support Fyers vs AxisDirect - Email Support Yes Yes
Onine Live Chat Fyers vs AxisDirect - Onine Live Chat No Yes
Phone Support Fyers vs AxisDirect - Phone Support Yes Yes
Toll Free Number Fyers vs AxisDirect - Toll Free Number No Yes
Through Branches Fyers vs AxisDirect - Through Branches No Yes
Customer Care Number Fyers vs AxisDirect - Customer Care Number 08060001111 022-61480808
Account Opening Process Fyers vs AxisDirect - Account Opening Process 100% online and paperless proc Online
Customer Support Email Fyers vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Fyers vs AxisDirect - Knowledge Center/Education https://fyers.in/school-of-stocks/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Fyers vs AxisDirect - Head Office Address/Corporate Address Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Fyers vs AxisDirect - Company Website https://fyers.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Fyers vs AxisDirect on Research Reports, Tips

Compare Fyers with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare Fyers with AxisDirect
  Fyers AxisDirect
Research Mutual Funds Fyers vs AxisDirect - Research Mutual Funds No Yes
Research Equity Reports Fyers vs AxisDirect - Research Equity Reports No Yes
Research ETF Fyers vs AxisDirect - Research ETF No Yes
Daily Market Report Fyers vs AxisDirect - Daily Market Report No Yes
Free Tips Fyers vs AxisDirect - Free Tips No Yes
Quarterly Result Analysis Fyers vs AxisDirect - Quarterly Results No Yes
News Alerts Fyers vs AxisDirect - Yes Yes
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Demat Account

Compare Fyers vs AxisDirect on Demat Account

Compare Fyers with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for AxisDirect is ₹500 pa. Fyers is a better choice in terms of Demat AMC compare to AxisDirect.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Fyers with AxisDirect
  Fyers AxisDirect
DP Source CDSL CDSL
DP ID Fyers vs AxisDirect - DP ID 432-2019 49200
Demat Account Annual Maintenance Charges(AMC) Free ₹500 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹10
Demat ₹0 ₹3 per certificate
Remat ₹0 ₹10 for every hundred securities (Min ₹10)
Pledge Creation Nil ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure Nil ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation Nil Nil
Failed Instruction Charges Nil Nil
Other Charges Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Fyers vs AxisDirect on Special Offers and Promotion

Compare Fyers with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Fyers vs AxisDirect on Special Offers and Promotion
  Fyers AxisDirect
Pay In and Pay Out Options Fyers vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Fyers vs AxisDirect - Payout Time Up to 24 Hrs except for Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Fyers vs AxisDirect - Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Info Not Available
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Direct from your Axis bank account.
Likes
  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Fyers Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-08T01:50:46+00:00