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HomeStock BrokerAxis Direct vs Upstox

Axis Direct vs Upstox

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...

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Side-by-Side Compare Table

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

Detailed Comparison

Basic Details

AxisDirectUpstox
  • •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: Legacy RKSV/Upstox retail broking entity
  • •SEBI Registration: INZ000315837
  • •NSE Member Code: 13942
  • •Net Worth: Rs 839.83 Cr

Charges & AMC

AxisDirectUpstox
  • •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)
  • •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

Brokerage

AxisDirectUpstox
  • •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 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

Other Charges

AxisDirectUpstox
  • •MTF interest is plan dependent.
  • •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
  • •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

Leverage (Margin)

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

Features

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

Trading Platforms

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

Reviews & Ratings

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

Investment Options

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

Order Types Offered

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

Suitable For (Investor Type)

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

Pros and Cons

AxisDirectUpstox
  • •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:
  • •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.

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.

Compare Axis Direct with Top Brokers

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