Compare 3 Brokers

Upstox Vs Axis Direct: Which one is better?

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.

Compare Upstox vs Axis Direct on Service

  Upstox Compare
Upstox
Axis Direct Compare
Axis Direct
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 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.
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 Axis Direct. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Upstox vs Axis Direct on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare Upstox with Axis Direct
Charges Upstox Axis Direct
Trading Account Opening Fees Rs 150 Equity/ Rs 150 Commodity Rs 999
Trading AMC Free Free
Demat Account Opening Fees Rs 150 Rs 650
Demat AMC Rs 150 PA (Waived for 1st year) Rs 650 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Axis Direct on Plan Options

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.

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

Account Opening

  Upstox Axis Direct
Account Opening Request
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Brokerage Charges

Compare Upstox vs Axis Direct on Brokerage Charges

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 with Axis Direct
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
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 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
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Share Broker's Transaction Charges

Compare Upstox vs Axis Direct on Transaction Charges

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

Transaction Charges - Compare Upstox with Axis Direct
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
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Account Features

Compare Upstox vs Axis Direct on Account Features

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 - Upstox with Axis Direct
Account Features Compare Upstox Axis Direct
3 in 1 Account No Upstox have 2-in-1 account. Only Demate 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 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Upstox vs Axis Direct on Trading Platform

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 with Axis Direct
Trading Platform Compare Upstox Axis Direct
Desktop Trading Platform DartStock/Nest Trader/Fox Trader DIRECTTrade
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes 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 Mobile
Mobile Trading App Demo Upstox Demo AxisDirect Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod AxisDirect Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox Download iOS AxisDirect Mobile 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 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

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Broker Ratings by Users

Compare Upstox vs Axis Direct on User Rating

  Upstox Axis Direct
  8 Customer Reviews    Rate Upstox 4 Customer Reviews    Rate Axis Direct
Fees Ratings 3.3 3.0
Trading Brokerage Rating 3.8 2.5
Trading Platform Usability 3.3 2.8
Customer Service Ratings 3.1 2.8
Overall Ratings Rated 3.3 stars Rated 2.8 stars
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
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Investment Offerings

Compare Upstox vs Axis Direct on Investment Offerings

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

Compare Upstox vs Axis Direct on Order Types

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 Types - Compare Upstox with Axis Direct
Order Type Compare Upstox Axis Direct
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Margin/Leverage

Compare Upstox vs Axis Direct on Margin/Leverage

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.

Exposure/margin - Compare Upstox with Axis Direct
Margin Product Compare Upstox Axis Direct
Equity Delivery Margin Upstox vs Axis Direct - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Upto 4x via Margin Funding for T+30 days
Equity Intraday Margin Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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 Upstox vs Axis Direct - 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.
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Customer Service Offered

Compare Upstox vs Axis Direct on Customer Service

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 Support - Compare Upstox with Axis Direct
Customer Service Compare Upstox Axis Direct
24/7 Customer Service Upstox vs Axis Direct - 24x7 customer support No No
Email Support Upstox vs Axis Direct - Email Support Yes Yes
Onine Live Chat Upstox vs Axis Direct - Onine Live Chat Yes Yes
Phone Support Upstox vs Axis Direct - Phone Support Yes Yes
Toll Free Number Upstox vs Axis Direct - Toll Free Number No Yes
Through Branches Upstox vs Axis Direct - Through Branches Yes Yes
Customer Care Number Upstox vs Axis Direct - Customer Care Number +91 22 6130 9999 022-61480808
Account Opening Process Upstox vs Axis Direct - Account Opening Process Online/Paperless Offline
Customer Support Email Upstox vs Axis Direct - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs Axis Direct - Knowledge Center/Education https://upstox.com/help-center/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Upstox vs Axis Direct - 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 Axis Direct - Company Website https://upstox.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Upstox vs Axis Direct on Research Reports, Tips

Compare Upstox with Axis Direct on research reports and tips provided by broker.

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

Compare Upstox vs Axis Direct on Demat Account

Compare Upstox with Axis Direct on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Upstox with Axis Direct
  Upstox Axis Direct
DP Source CDSL CDSL
DP ID Upstox vs Axis Direct - DP ID 81800 49200
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
Advance Deposit NIL Nil
Statutory charges NIL NIL
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 0.02% 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 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/-

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Axis Direct on Special Offers and Promotion

Compare Upstox with Axis Direct on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Upstox vs Axis Direct on Special Offers and Promotion
  Upstox Axis Direct
Pay In and Pay Out Options Upstox vs Axis Direct - 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 Axis Direct - Payout Time Max 24 hrs except bank holidays Instance to Axis Bank.
Bank Supported and Charges Upstox vs Axis Direct - 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
  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.

Detail Review...

Seamless trade through 3 in 1 account, commodity trading, quality research, intutitive and powerful trading tools, robust trading platforms.

Detail Review...

Dislikes
  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

Detail Review...

pay for software usage.

Detail Review...

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







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