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The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Upstox ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker IIFL Securities and AxisDirect are full service brokers where Upstox is a discount broker. Overall rating for IIFL Securities is 4, Upstox is rated 4.5, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Upstox vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared IIFL Securities vs Upstox vs AxisDirect 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 IIFL Securities vs Upstox vs AxisDirect in this setion with 360 degree view of broker information.
 IIFL Securities |
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| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX | NSE, BSE |
| Broker Overview | IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...  |
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. | 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... |
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In this section we have compared IIFL Securities vs Upstox vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities charges Free for account opening, Upstox charges Promotion offer: Free for account opeing, and AxisDirect charges Rs 999 for account opeing. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Upstox charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | IIFL Securities | Upstox | AxisDirect |
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| Trading Account Opening Fees | Free | Promotion offer: Free | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 250 PA (Free for 1st year) | Free | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare IIFL Securities vs Upstox vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect offers Multiple Plans where IIFL Securities and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Upstox | AxisDirect |
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| IIFL Securities | Upstox | Zerodha | |
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IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
| Brokerage Charges Compare | IIFL Securities | Upstox | AxisDirect |
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| Plan Name | IIFL iSERVE Brokerage Plan | Max Rs 20 Per Order Trading Plan | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | Flat Rs 20 per order | 2.5% or Rs 20 whichever is lower | 0.50% (Each leg) |
| Equity Intraday | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower | 0.05% (Each leg) |
| Equity Futures | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower | 0.05% (Each leg) |
| Equity Options | Flat Rs 20 per order | Flat Fee Rs 20 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Flat Rs 20 per order | 0.05% or Rs 20 whichever is lower | 0.05% (Each Leg) |
| Currency Options | Flat Rs 20 per order | Flat Fee Rs 20 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Flat Rs 20 per order | Flat Fee Rs 20 | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | |||
| Hidden Charges | Info Not Available | Info Not Available | |
| Funding | Yes - 18% interest PA | Info Not Available | Yes - 18% interest PA |
| Call & Trade Charges | Rs 50 Per Call + GST | Rs 50 + 18% GST | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | Rs 50 Per Call + GST | Rs 50 + 18% GST | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Upstox | Brokerage Calculator for AxisDirect |
Compare IIFL Securities vs Upstox vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Upstox | AxisDirect |
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| 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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | |
| Brokerage Charges | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for upstox | Complete Brokerage Plans for axisdirect |
Compare IIFL Securities vs Upstox vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox and AxisDirect offers 3-in-1 Account where IIFL Securities offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - IIFL Securities and AxisDirect offers NRI Trading where Upstox doesn't offers NRI Trading.
| Account Features Compare | IIFL Securities | Upstox | AxisDirect |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 2:45 PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Upstox vs AxisDirect. 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.
| IIFL Securities | Upstox | AxisDirect | ||
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82 Customer Reviews
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12 Customer Reviews
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6 Customer Reviews
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| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews | Upstox is Rated 3.7 / 5 based on 12 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare IIFL Securities vs Upstox vs AxisDirect 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 - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Upstox and AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Upstox | AxisDirect |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Upstox vs AxisDirect 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 offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provides Bracket Orders (BO) facility where IIFL Securities and AxisDirect doesn't provides Bracket Orders. 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 Type Compare | IIFL Securities | Upstox | AxisDirect |
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Compare IIFL Securities vs Upstox vs AxisDirect 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 Service Compare | IIFL Securities | Upstox | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | 022-40071000 | +91 22 6130 9999 | 022-61480808 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://upstox.com/help-center/ | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
| Website | https://www.indiainfoline.com/ | https://upstox.com/ | https://simplehai.axisdirect.in |
Compare IIFL Securities vs Upstox vs AxisDirect on research reports and tips provided by broker.
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Compare IIFL Securities vs Upstox vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Upstox | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 81800 | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹300 PA | ₹500 pa |
| Advance Deposit | Nil | NIL | Nil |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹13 + ₹5.50 CDSL charges | ₹10 |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹20 + ₹50 courier charges | ₹3 per certificate |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | ₹50 | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹25 |
| Pledge Creation Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹25 |
| Pledge Closure | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹25 |
| Pledge Closure Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹25 |
| Pledge Invocation | Nil | 0.05% of the transaction value (Min ₹50) | Nil |
| Failed Instruction Charges | Nil | ₹50 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Upstox vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Upstox | AxisDirect | |
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| Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro Pau-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
| Payout Time | Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. | Max 24 hrs except bank holidays | Instant to Axis Bank. |
| Bank Supported and Charges | Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. | Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | NA |
| Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 |
Direct from your Axis bank account. |
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Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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| Dislikes |
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There are some setbacks or disadvantages also while trading with Upstox;
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| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquire for IIFL Securities | Enquire for Upstox | Enquire for AxisDirect |
Last Updated on 2023-09-14T04:42:55+00:00
