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HomeStock BrokerAxis Direct vs Fyers

Axis Direct vs Fyers

Side-by-side view of features, pricing context, and platform fit.

Axis Direct

Axis Direct

Active Clients: 4,11,423

Established in 2005, Axis Securities Ltd is a subsidiary of Axis Bank, a prominent private bank in India. Axis Sec serves as a comprehensive broker, providing stock broking services and distributing financial products...

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

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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