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HomeStock BrokerUpstox vs Axis Direct

Upstox vs Axis Direct

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

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...

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...

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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