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Upstox Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Upstox is a Discount Broker where AxisDirect is a Full Service Broker. Upstox is having overall higher rating compare to AxisDirect. Upstox is rated 4.5 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for AxisDirect is 3,89,282. Upstox is serving more customer compare to AxisDirect.

Here we present side-by-side comparison of Upstox 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 Upstox 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 Upstox 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 Upstox 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 Upstox vs AxisDirect on Service

  Upstox Compare
Upstox
AxisDirect Compare
AxisDirect
Overall Rating Rated 4.5 stars Rated 3.5 stars
Brokerage Charges Rated 4.5 stars Rated 3.5 stars
Trading Platform Rated 4.5 stars Rated 3.5 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 38,64,087 3,89,282
Broker Overview One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service. 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 Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare Upstox vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Upstox with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Upstox 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 Upstox with AxisDirect
Charges Upstox AxisDirect
Trading Account Opening Fees Promotion offer: 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 Upstox vs AxisDirect on Plan Options

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

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

Account Opening

  Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare Upstox vs AxisDirect on Brokerage Charges

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

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 Upstox with AxisDirect
Brokerage Charges Compare Upstox AxisDirect
Plan Name Max Rs 20 Per Order Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower 0.50% (Each leg)
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.05% 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 0.05% 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 Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 20 Per Executable Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off 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 AxisDirect
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Share Broker's Transaction Charges

Compare Upstox vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Upstox with AxisDirect
Transaction Charges Compare Upstox AxisDirect
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
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Account Features

Compare Upstox vs AxisDirect on Account Features

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

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

Compare Upstox vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox 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 Upstox with AxisDirect
Trading Platform Compare Upstox AxisDirect
Desktop Trading Platform Upstox Pro Ring
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox AxisDirect Ring Mobile App
Mobile Trading App Demo Upstox Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox 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 Upstox Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Upstox vs AxisDirect on User Rating

  Upstox AxisDirect
  12 Customer Reviews    Rate Upstox 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.5 2.5
Trading Brokerage Rating 3.8 2.0
Trading Platform Usability 3.7 3.2
Customer Service Ratings 3.5 2.7
Overall Ratings Rated 3.7 stars Rated 2.3 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Upstox vs AxisDirect on Investment Offerings

Compare Upstox 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 Upstox with AxisDirect
Investment Offerings Compare Upstox 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 Upstox vs AxisDirect on Order Types

Order Type - Compare Upstox 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) - Upstox 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- AxisDirect offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with AxisDirect
Order Type Compare Upstox 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 No Yes
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Customer Service Offered

Compare Upstox vs AxisDirect on Customer Service

Compare Upstox 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 Upstox with AxisDirect
Customer Service Compare Upstox AxisDirect
24/7 Customer Service Upstox vs AxisDirect - 24x7 customer support No No
Email Support Upstox vs AxisDirect - Email Support Yes Yes
Onine Live Chat Upstox vs AxisDirect - Onine Live Chat Yes Yes
Phone Support Upstox vs AxisDirect - Phone Support Yes Yes
Toll Free Number Upstox vs AxisDirect - Toll Free Number No Yes
Through Branches Upstox vs AxisDirect - Through Branches Yes Yes
Customer Care Number Upstox vs AxisDirect - Customer Care Number +91 22 6130 9999 022-61480808
Account Opening Process Upstox vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Upstox vs AxisDirect - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs AxisDirect - Knowledge Center/Education https://upstox.com/help-center/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Upstox vs AxisDirect - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Upstox vs AxisDirect - Company Website https://upstox.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Upstox vs AxisDirect on Research Reports, Tips

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

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

Compare Upstox vs AxisDirect on Demat Account

Compare Upstox 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 AxisDirect is ₹500 pa where for Upstox is ₹300 PA.

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 Upstox is ₹13 + ₹5.50 CDSL charges 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 Upstox with AxisDirect
  Upstox AxisDirect
DP Source CDSL CDSL
DP ID Upstox vs AxisDirect - DP ID 81800 49200
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹500 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹10
Demat ₹20 + ₹50 courier charges ₹3 per certificate
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Invocation 0.05% of the transaction value (Min ₹50) Nil
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs AxisDirect on Special Offers and Promotion

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

Compare Upstox vs AxisDirect on Special Offers and Promotion
  Upstox AxisDirect
Pay In and Pay Out Options Upstox vs AxisDirect - 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 Upstox vs AxisDirect - Payout Time Max 24 hrs except bank holidays Instant to Axis Bank.
Bank Supported and Charges Upstox vs AxisDirect - 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.
Likes
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

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
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

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 Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs 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 Upstox Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00