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AxisDirect Vs ICICIDirect Vs Upstox: Which one is better?

The brokerage of AxisDirect ranges between 0.05% to 0.5%, the brokerage of ICICIDirect ranges between Rs. 20, while the brokerage of Upstox ranges between Rs 20. The broker AxisDirect and ICICIDirect are full service brokers where Upstox is a discount broker. Overall rating for AxisDirect is 3.5, ICICIDirect is rated 4, Upstox is rated 4.5 out of 5.

Here we present side-by-side comparison of AxisDirect vs ICICIDirect vs Upstox stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared AxisDirect vs ICICIDirect vs Upstox on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better AxisDirect vs ICICIDirect vs Upstox in this setion with 360 degree view of broker information.

Compare AxisDirect vs ICICIDirect vs Upstox on Service

  AxisDirect Compare
AxisDirect
ICICIDirect Compare
ICICIDirect
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE NSE, BSE, MCX NSE, BSE, MCX
Broker Overview Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...Know more about ICICIDirect Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare AxisDirect vs ICICIDirect vs Upstox on Trading & Demat Account Opening Charges

In this section we have compared AxisDirect vs ICICIDirect vs Upstox on trading & demat account opening charges and AMC. Trading account opening charges - AxisDirect charges Rs 999 for account opening, ICICIDirect charges Free for account opeing, and Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - AxisDirect charges Rs 750 PA (Free for 1st year) as AMC for Demat account, ICICIDirect charges Rs 300 per annum AMC for Demat account, where Upstox charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare AxisDirect vs ICICIDirect vs Upstox
Charges AxisDirect ICICIDirect Upstox
Trading Account Opening Fees Rs 999 Free Promotion offer: Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 750 PA (Free for 1st year) Rs 300 per annum Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare AxisDirect vs ICICIDirect vs Upstox on Plan Options

Plans are the most important feature you look when compare AxisDirect vs ICICIDirect vs Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect and ICICIDirect offers Multiple Plans where Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare AxisDirect vs ICICIDirect vs Upstox on Plan Options
Plan Types AxisDirect ICICIDirect Upstox
Multiple Plans Yes Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare AxisDirect vs ICICIDirect vs Upstoxon Brokerage Charges

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare AxisDirect vs ICICIDirect vs Upstox
Brokerage Charges Compare AxisDirect ICICIDirect Upstox
Plan Name Fixed Brokerage Trading Plan (Percentage Based) NEO Flat Discount Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.50% (Each leg) 0.55% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.05% (Each leg) Flat Rs. 20 per order 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% (Each leg) Free (Rs. 0 brokerage) 0.05% or Rs 20 whichever is lower
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures 0.05% (Each Leg) Flat Rs. 20 per order 0.05% or Rs 20 whichever is lower
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p Flat Rs. 20 per order Flat Fee Rs 20
Commodity Trading Futures: 0.03% (Each leg)| Options: Rs. 50 per lot Flat Rs. 20 per order Flat Fee Rs 20
Minimum Brokerage Rs 35 per trade
Hidden Charges No Yes
Call & Trade Charges Free 20 calls per month, and after Rs. 20 per order First 20 call free and Rs 25 there onwards. Rs 50 + 18% GST
Auto Square off Charges 20 calls Free and after that Rs 20 per call First 20 call free and Rs 25 there onwards. Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for AxisDirect Brokerage Calculator for ICICIDirect Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare AxisDirect vs ICICIDirect vs Upstox on Transaction Charges

Compare AxisDirect vs ICICIDirect vs Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare AxisDirect vs ICICIDirect vs Upstox
Transaction Charges Compare AxisDirect ICICIDirect Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for axisdirect Complete Brokerage Plans for icicidirect Complete Brokerage Plans for upstox
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Account Features

Compare AxisDirect vs ICICIDirect vs Upstox on Account Features

Compare AxisDirect vs ICICIDirect vs Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 3-in-1 Account which includes bank, trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect and ICICIDirect offers NRI Trading where Upstox doesn't offers NRI Trading.

Account Features - AxisDirect vs ICICIDirect vs Upstox
Account Features Compare AxisDirect ICICIDirect Upstox
3 in 1 Account Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No No Yes
SMS Alerts Yes Yes Yes
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 2:45 PM 3:15PM 3:15PM
NRI Trading Yes Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare AxisDirect vs ICICIDirect vs Upstoxon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w AxisDirect vs ICICIDirect vs Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare AxisDirect vs ICICIDirect vs Upstox
Trading Platform Compare AxisDirect ICICIDirect Upstox
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://login.axisdirect.in/

https://www.icicidirect.com

https://pro.upstox.com/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App AxisDirect Ring Mobile App ICICI direct Mobile Upstox
Mobile Trading App Demo AxisDirect Ring Mobile App Demo ICICI direct Mobile Demo Upstox Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod AxisDirect Ring Mobile App Download Andriod ICICI direct Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS AxisDirect Ring Mobile App Download iOS ICICI direct Mobile Download iOS Upstox Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for AxisDirect Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for AxisDirect Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for AxisDirect Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for axisdirect Detail on Trading Platforms for icicidirect Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare AxisDirect vs ICICIDirect vs Upstox on User Rating

  AxisDirect ICICIDirect Upstox
  20 Customer Reviews    Rate AxisDirect 267 Customer Reviews    Rate ICICIDirect 12 Customer Reviews    Rate Upstox
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating AxisDirect is Rated 0.7 / 5 based on 20 customer reviews ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare AxisDirect vs ICICIDirect vs Upstox on Investment Offerings

Compare AxisDirect vs ICICIDirect vs Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - AxisDirect and Upstox offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where AxisDirect and Upstox doesn't offers PMS facility.

Investment Offerings - Compare AxisDirect vs ICICIDirect vs Upstox
Investment Offerings Compare AxisDirect ICICIDirect Upstox
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes No Yes
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes No
ETF Yes Yes Yes
Banking Yes Yes No
Insurance Yes Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes Yes Yes
PMS Service No Yes No
Other Investment Options NIL NIL NIL
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Order Types

Compare AxisDirect vs ICICIDirect vs Upstox on Order Types

Order Type - Compare AxisDirect vs ICICIDirect vs Upstox on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

Order Types - Compare AxisDirect vs ICICIDirect vs Upstox
Order Type Compare AxisDirect ICICIDirect Upstox
CNC order No No No
MIS order No No No
NRML order No No No
Cover order No No No
Bracket order No No No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes Yes
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Customer Service Offered

Compare AxisDirect vs ICICIDirect vs Upstox on Customer Service

Compare AxisDirect vs ICICIDirect vs Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare AxisDirect vs ICICIDirect vs Upstox
Customer Service Compare AxisDirect ICICIDirect Upstox
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes Yes Yes
Customer Care Number 022-61480808 1860 123 1122 +91 22 6130 9999
Account Opening Process Online Online Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://simplehai.axisdirect.in/learn/overview https://www.icicidirect.com/knowledge-center https://upstox.com/help-center/
Head Office Address Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website https://simplehai.axisdirect.in https://www.icicidirect.com https://upstox.com/
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Tips/Research/Reports Published

Compare AxisDirect vs ICICIDirect vs Upstox on Research Reports, Tips

Compare AxisDirect vs ICICIDirect vs Upstox on research reports and tips provided by broker.

Research Reports - Compare AxisDirect vs ICICIDirect vs Upstox
  AxisDirect ICICIDirect Upstox
Research Mutual Funds Yes Yes No
Research Equity Reports Yes Yes No
Research ETF Yes Yes No
Daily Market Report Yes Yes No
Free Tips Yes Yes No
Quarterly Result Analysis Yes Yes No
News Alerts Yes Yes No
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Demat Account

Compare AxisDirect vs ICICIDirect vs Upstox on Demat Account

Compare AxisDirect vs ICICIDirect vs Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare AxisDirect vs ICICIDirect vs Upstox
  AxisDirect ICICIDirect Upstox
DP Source CDSL CDSL CDSL
DP ID 49200 14301 81800
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹700 pa ₹300 PA
Advance Deposit Nil Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹13 + ₹5.50 CDSL charges
Demat ₹3 per certificate ₹50 per set up ₹20 + ₹50 courier charges
Remat ₹10 for every hundred securities (Min ₹10) ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹25 0.02% (Min ₹35 and Max ₹25,000) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation ₹25 0.02% (Min ₹35 and Max ₹25,000) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹25 0.02% (Min ₹35 and Max ₹25,000) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation ₹25 0.02% (Min ₹35 and Max ₹25,000) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation Nil 0.02% (Min ₹35 and Max ₹25,000) 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹30 per transaction ₹50
Other Charges
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Special Offers,Advantages,Disadvantages

Compare AxisDirect vs ICICIDirect vs Upstox on Special Offers and Promotion

Compare AxisDirect vs ICICIDirect vs Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare AxisDirect vs ICICIDirect vs Upstox on Special Offers and Promotion
  AxisDirect ICICIDirect Upstox
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
Likes
  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes
  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquire for AxisDirect Enquire for ICICIDirect Enquire for Upstox

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