The brokerage of Upstox Max Rs 20 per trade while the brokerage of Axis Direct ranges between 0.05% to 0.5%. Upstox is a Discount Broker where Axis Direct is a Full Service Broker. Upstox is having overall higher rating compare to Axis Direct. Upstox is rated 4.5 out of 5 where Axis Direct is rated only 3.5 out of 5.
Here we present side-by-side comparison of Upstox vs Axis Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Axis Direct'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.
|Broker Type||Discount Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE, MCX||BSE, NSE|
|Broker Overview||From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.||Since its inception in 2005, Axis Securities Limited aims to become a leading player in the Retail Brokering Industry. The Broker is engaged in the business of marketing and selling of financial products of the Axis Bank Limited.|
In this section we have compared Upstox with Axis Direct on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Rs 150 Equity/ Rs 150 Commodity for account opening where Axis Direct charges Rs 999 for account opeing. Demat AMC charges - Upstox charges Rs 150 PA (Waived for 1st year) AMC for Demat account where Axis Direct charges Rs 650 PA AMC for Demat account.
|Trading Account Opening Fees||Rs 150 Equity/ Rs 150 Commodity||Rs 999|
|Demat Account Opening Fees||Rs 150||Rs 650|
|Demat AMC||Rs 150 PA (Waived for 1st year)||Rs 650 PA|
|Provide DP Service|
Plans are the most important feature you look when compare Upstox with Axis Direct. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - Both the brokers don't have Monthly Plans.
|Plan Types||Upstox||Axis Direct|
|Account Opening Request|
Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others
Axis Direct Brokerage Plan detail - Fixed Plan Brokerage is simple and easy to understand. Axis Direct is right in line with its closest full-service competitors. Its .50% for equity trades is slightly less expensive than ICICI (.55%) while same as Kotak, HDFC and SBI (.50%).
|Brokerage Charges Compare||Upstox||Axis Direct|
|Plan Name||Max Rs 20 Per Order Trading Plan||Fixed Brokerage Trading Plan (Percentage Based)|
|Equity Delivery||Free||0.5% or 50 paisa|
|Equity Intraday||0.01% or Rs 20 whichever is lower||0.05% or 5 paisa|
|Equity Futures||Flat Fee Rs 20||0.05% or 5 paisa|
|Equity Options||Flat Fee Rs 20||Rs 10 Per Lot|
|Currency Futures||Flat Fee Rs 20||0.05% or 5 paisa|
|Currency Options||Flat Fee Rs 20||Rs 20 Per Lot|
|Commodity Trading||Flat Fee Rs 20||Futures - .03 or 3 paisa, Options - Rs 50 Per Lot|
|Hidden Charges||Info Not Available||No|
|Funding||Info Not Available||Yes - 18% interest PA|
|Call & Trade Charges||Rs 20 Per Executable Order||20 calls Free and after that Rs 20 per call|
|Brokerage Calculator||Brokerage Calculator for Upstox||Brokerage Calculator for Axis Direct|
|SPAN Margin Calculator||SPAN Margin Calculator for Upstox||SPAN Margin Calculator for Axis Direct|
Compare Upstox with Axis Direct on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Upstox||Axis Direct|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 210 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5500 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 150 Per Cr||Rs 100 Per Cr|
|Currency Options||Rs 6000 Per Cr||Rs 4000 Per Cr|
|Commodity||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for upstox||Complete Brokerage Plans for axisdirect|
Compare Upstox with Axis Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Axis Direct offers 3-in-1 account where Upstox offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Axis Direct doesn't offers Algo Trading. Margin Funding - Axis Direct offers margin funding where Upstox doesn't offers margin funding. NRI Trading - both brokers provides NRI Trading facility.
|Account Features Compare||Upstox||Axis Direct|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Axis Direct. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
|Trading Platform Compare||Upstox||Axis Direct|
|Desktop Trading Platform||DartStock/Nest Trader/Fox Trader||DIRECTTrade|
|Desktop Demo||Desktop Demo||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/||https://login.axisdirect.in/|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||Upstox||AxisDirect Mobile|
|Mobile Trading App Demo||Upstox Demo||AxisDirect Mobile Demo|
|Android Mobile App|
|Android App Download||Andriod Upstox Download||Andriod AxisDirect Mobile Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Upstox Download||iOS AxisDirect Mobile Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Yes, DirectTrade - Rs 2999 PA|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Upstox||Equity Intraday and Delivery Brokerage Calculator for Axis Direct|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Upstox||Futures Brokerage Calculator for Axis Direct|
|Options Brokerage Calculator||Options Brokerage Calculator for Upstox||Options Brokerage Calculator for Axis Direct|
|Detail||Detail on Trading Platforms for upstox||Detail on Trading Platforms for axisdirect|
|8 Customer Reviews||4 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||Upstox is Rated 3.3 / 5 based on 8 customer reviews||Axis Direct is Rated 2.8 / 5 based on 4 customer reviews|
Compare Upstox with Axis Direct 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 brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
|Investment Offerings Compare||Upstox||Axis Direct|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Upstox with Axis Direct on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provide Bracket Orders (BO) where Axis Direct 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 facility. The orders are send to exchange on the next trading day. GTC Orders- Axis Direct offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Upstox||Axis Direct|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre Upstox with Axis Direct on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||Upstox||Axis Direct|
|Equity Delivery Margin||No Margin/Leverage for Equity Delivery.||Upto 4x via Margin Funding for T+30 days|
|Equity Intraday Margin||Up to 15x for Equity Intraday in Base Plan, Up to 20x on Priority Plan.||Upto 6x leverage for equity.|
|Futures Margin||Up to 4x for Index/Stock future (of NRML Margin), Priority Plan - up to 5x for Index and 4x for Stocks.||Upto 2x leverage for futures.|
|Options Margin||Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan - up to 5x for Index and 4x for Stock Options.No leverage on Options Buying.||Upto 2x margin for Options shorting, No leverage for option buying.|
|Equity CO Margin||Up to 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan.||Upto 25x margin/leverage in CO for selected equity scripts.|
|Futures CO Margin||Up to 4x for Index/Stock (of NRML Margin) future, Priority Plan - up to 7x for Index and 6x for Stocks.||Upto 25x margin/leverage in CO.|
|Options CO Margin||Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan(PP) - up to 5x for Index and 4x for Stock Options, No leverage on Options Buying.||Upto 50x margin/leverage in CO, Options contracts Sell only.|
|Commodity Margin||Up to 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions.||Upto 2x margin/leverage for Commdities Intraday Futures.|
Compare Upstox with Axis Direct on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
|Customer Service Compare||Upstox||Axis Direct|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91 22 6130 9999||022-61480808|
|Account Opening Process||Online/Paperless||Offline|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
|Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Mumbai- 400 070.
Compare Upstox with Axis Direct on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare Upstox with Axis Direct on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||Rs. 300/- per annum.||Rs. 650/- p.a for Ind Rs. 1000/- for NRI p.a and corporates Rs 5000/ p.a for promoter|
|Transaction Charges on Debit (Per ISIN)||Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip.||0.04% of the value of the transaction or Rs. 25- (per Instruction) whichever is higher for securities|
|Demat||Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms.||Rs. 5/- per certificate or Rs. 50/- per request, whichever is higher|
|Remat||Rs. 25/- per certificate or 0.05% of the value whichever is higher.||Rs.20/- for every 100 securities or part there of or Rs.50/- per request, whichever is higher|
|Pledge Creation||0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Creation Confirmation||0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Closure||0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Closure Confirmation||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Invocation||0.05% of the transaction charges subject to a minimum of Rs. 50/-||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Failed Instruction Charges||Rs. 50/- per transaction.||Nil|
|Other Charges||Demat Rejection Charges: Rs. 35/- per rejection for every 500 gms. Adhoc / Non periodic statement requests: Adhoc statement requests: - Rs. 25/- (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs. 10/- plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.||Any change in client master detail will be charged Rs 25/-|
Compare Upstox with Axis Direct on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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||Max 24 hrs except bank holidays||Instance to Axis Bank.|
|Bank Supported and Charges||Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.||Info Not Available|
|Bank Detail||HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
|Direct from your Axis bank account.|
Seamless trade through 3 in 1 account, commodity trading, quality research, intutitive and powerful trading tools, robust trading platforms.
pay for software usage.
|Special Offers/Promo||100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.||Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.|
|Enquiry||Enquire about Upstox||Enquire about Axis Direct|
Last Updated on 2019-06-27T00:43:21+00:00