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

CategoryUpstoxAxisDirect
Basic Details
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • Broker Type: Full-service broker (Axis Securities)
  • Founded: 2005
Charges & AMC
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • Demat Account Opening: Rs 0
  • Demat AMC: Rs 750 per year (first year free in listed offer)
Brokerage
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Brokerage is plan based.
  • Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
Other Charges
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • MTF interest is plan dependent.
  • Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
Leverage (Margin)
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
  • E-Margin (T+240) proposition is highlighted.
  • Margin Trading Facility interest rates vary by plan.
Features
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Axis Bank-backed 3-in-1 integration.
  • 30+ product access including unlisted shares and SLBM.
Trading Platforms
  • Upstox Pro web platform
  • Upstox mobile app
  • Axis Direct Investor App
  • Axis Direct Trader App
Reviews & Ratings
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
  • Positioned as a trusted bank-backed full-service option.
  • In this source extract, no single numeric overall rating is explicitly listed.
Investment Options
  • Equity
  • F&O
  • Equity and derivatives
  • Mutual funds and SIP
Order Types Offered
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Standard order types on mobile/web/desktop
  • GTD support referenced in app features
Suitable For (Investor Type)
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Users who want banking + Demat + trading linkage.
  • Investors needing research-backed and branch-enabled service.
Pros and Cons
  • Pros:
  • Competitive low-cost brokerage model.
  • Pros:
  • Strong 3-in-1 ecosystem with Axis Bank integration.

Detailed Comparison

Basic Details

UpstoxAxisDirect
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • SEBI Registration: INZ000315837
  • NSE Member Code: 13942
  • Net Worth: Rs 839.83 Cr
  • Broker Type: Full-service broker (Axis Securities)
  • Founded: 2005
  • SEBI Registration: INZ000161633
  • NSE Member Code: 14816
  • Net Worth: Rs 1804.95 Cr

Charges & AMC

UpstoxAxisDirect
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • App/web platform model with low-cost pricing
  • 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)

Brokerage

UpstoxAxisDirect
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • Equity Options: Flat Rs 20 per order
  • Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables
  • 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.

Other Charges

UpstoxAxisDirect
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • DP sell charges and statutory charges are additional
  • MTF interest is plan dependent.
  • Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.

Leverage (Margin)

UpstoxAxisDirect
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
  • E-Margin (T+240) proposition is highlighted.
  • Margin Trading Facility interest rates vary by plan.

Features

UpstoxAxisDirect
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Direct mutual fund access with zero commission.
  • 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.

Trading Platforms

UpstoxAxisDirect
  • Upstox Pro web platform
  • Upstox mobile app
  • Axis Direct Investor App
  • Axis Direct Trader App
  • Trader EXE desktop terminal
  • NXTOptions, Greeksoft, Spider, and allied advanced tools

Reviews & Ratings

UpstoxAxisDirect
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
  • Positioned as a trusted bank-backed full-service option.
  • In this source extract, no single numeric overall rating is explicitly listed.

Investment Options

UpstoxAxisDirect
  • Equity
  • F&O
  • Commodity
  • Currency
  • Mutual funds
  • Equity and derivatives
  • Mutual funds and SIP
  • IPO, ETF, NCD, fixed income
  • Commodities, insurance, tax-saving products, unlisted stocks

Order Types Offered

UpstoxAxisDirect
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Call-and-trade assisted execution
  • Standard order types on mobile/web/desktop
  • GTD support referenced in app features
  • Advanced derivatives and options workflow tools

Suitable For (Investor Type)

UpstoxAxisDirect
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Investors needing discount pricing across major segments.
  • 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.

Pros and Cons

UpstoxAxisDirect
  • Pros:
  • Competitive low-cost brokerage model.
  • Broad segment coverage across equity, derivatives, commodity, and currency.
  • Free account opening and strong digital onboarding.
  • Cons:
  • Assisted services add extra charges.
  • Some advanced full-service advisory expectations may not be met.
  • 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.

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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