NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryAxisDirectFyers
Basic Details
  • Broker Type: Full-service broker (Axis Securities)
  • Founded: 2005
  • Broker Type: Discount broker
  • Founded: 2015
Charges & AMC
  • Demat Account Opening: Rs 0
  • Demat AMC: Rs 750 per year (first year free in listed offer)
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0 (lifetime as stated)
Brokerage
  • Brokerage is plan based.
  • Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
  • Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges
  • MTF interest is plan dependent.
  • Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
  • Call and Trade: additional charge (referenced as Rs 50/order)
  • Admin square-off charges may apply for auto close positions.
Leverage (Margin)
  • E-Margin (T+240) proposition is highlighted.
  • Margin Trading Facility interest rates vary by plan.
  • Margin products include MTF offerings in promotional messaging.
  • Practical leverage and margin depend on segment, risk, and exchange norms.
Features
  • Axis Bank-backed 3-in-1 integration.
  • 30+ product access including unlisted shares and SLBM.
  • In-house built trading stack.
  • Insta Options for strategy building and payoff analysis.
Trading Platforms
  • Axis Direct Investor App
  • Axis Direct Trader App
  • Fyers App (mobile)
  • Fyers Web
Reviews & Ratings
  • Positioned as a trusted bank-backed full-service option.
  • In this source extract, no single numeric overall rating is explicitly listed.
  • Marketed as a low-brokerage technology-first platform.
  • In this source extract, a single numeric overall rating is not prominently presented.
Investment Options
  • Equity and derivatives
  • Mutual funds and SIP
  • Equity cash
  • F&O
Order Types Offered
  • Standard order types on mobile/web/desktop
  • GTD support referenced in app features
  • Standard equity and derivatives order types
  • Intraday and delivery order handling
Suitable For (Investor Type)
  • Users who want banking + Demat + trading linkage.
  • Investors needing research-backed and branch-enabled service.
  • Active traders focused on low brokerage and platform tools.
  • Users who prefer in-house charting and options strategy interfaces.
Pros and Cons
  • Pros:
  • Strong 3-in-1 ecosystem with Axis Bank integration.
  • Pros:
  • Very competitive flat-fee structure.

Detailed Comparison

Basic Details

AxisDirectFyers
  • Broker Type: Full-service broker (Axis Securities)
  • Founded: 2005
  • SEBI Registration: INZ000161633
  • NSE Member Code: 14816
  • Net Worth: Rs 1804.95 Cr
  • Broker Type: Discount broker
  • Founded: 2015
  • SEBI Registration: INZ000008524
  • NSE Member Code: 90061
  • Net Worth: Rs 175.61 Cr

Charges & AMC

AxisDirectFyers
  • Demat Account Opening: Rs 0
  • Demat AMC: Rs 750 per year (first year free in listed offer)
  • Plan-based fee structure applies (for example Elite/Platinum plans)
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0 (lifetime as stated)
  • Demat AMC: Rs 0 (lifetime as stated)

Brokerage

AxisDirectFyers
  • Brokerage is plan based.
  • Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
  • Platinum Plan example: Delivery 0.07%, Intraday 0.01%, Futures 0.01%, Options Rs 10/order.
  • Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • Futures: Rs 20 or 0.03% (whichever is lower)
  • Options: Flat Rs 20 per executed order

Other Charges

AxisDirectFyers
  • MTF interest is plan dependent.
  • Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
  • Call and Trade: additional charge (referenced as Rs 50/order)
  • Admin square-off charges may apply for auto close positions.
  • Usual statutory charges apply across segments.

Leverage (Margin)

AxisDirectFyers
  • E-Margin (T+240) proposition is highlighted.
  • Margin Trading Facility interest rates vary by plan.
  • Margin products include MTF offerings in promotional messaging.
  • Practical leverage and margin depend on segment, risk, and exchange norms.

Features

AxisDirectFyers
  • Axis Bank-backed 3-in-1 integration.
  • 30+ product access including unlisted shares and SLBM.
  • Research-backed ideas and advisory support.
  • Relationship manager support for premium users.
  • In-house built trading stack.
  • Insta Options for strategy building and payoff analysis.
  • Low-cost fixed brokerage proposition.

Trading Platforms

AxisDirectFyers
  • Axis Direct Investor App
  • Axis Direct Trader App
  • Trader EXE desktop terminal
  • NXTOptions, Greeksoft, Spider, and allied advanced tools
  • Fyers App (mobile)
  • Fyers Web
  • Fyers One desktop terminal

Reviews & Ratings

AxisDirectFyers
  • Positioned as a trusted bank-backed full-service option.
  • In this source extract, no single numeric overall rating is explicitly listed.
  • Marketed as a low-brokerage technology-first platform.
  • In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

AxisDirectFyers
  • Equity and derivatives
  • Mutual funds and SIP
  • IPO, ETF, NCD, fixed income
  • Commodities, insurance, tax-saving products, unlisted stocks
  • Equity cash
  • F&O
  • Currency derivatives
  • Mutual funds (direct)

Order Types Offered

AxisDirectFyers
  • Standard order types on mobile/web/desktop
  • GTD support referenced in app features
  • Advanced derivatives and options workflow tools
  • Standard equity and derivatives order types
  • Intraday and delivery order handling
  • Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

AxisDirectFyers
  • Users who want banking + Demat + trading linkage.
  • Investors needing research-backed and branch-enabled service.
  • Traders who prefer premium pro tools with plan-based pricing.
  • Active traders focused on low brokerage and platform tools.
  • Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

AxisDirectFyers
  • Pros:
  • Strong 3-in-1 ecosystem with Axis Bank integration.
  • Rich research and platform coverage.
  • Multiple plans for different trading styles.
  • Cons:
  • Pricing is less simple than flat-fee discount brokers.
  • Higher fixed plan fees may not suit very low-activity users.
  • Pros:
  • Very competitive flat-fee structure.
  • Lifetime-free account opening and AMC in listed plan context.
  • Strong options/trader-focused tooling.
  • Cons:
  • Assisted channels (call and trade/admin square-off) add extra charges.
  • Product breadth is narrower than some full-service bank-backed brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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