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Upstox Vs Fyers Vs AxisDirect: Which one is better?

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

Here we present side-by-side comparison of Upstox vs Fyers 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 Upstox vs Fyers 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 Upstox vs Fyers vs AxisDirect in this setion with 360 degree view of broker information.

Compare Upstox vs Fyers vs AxisDirect on Service

  Upstox Compare
Upstox
Fyers Compare
Fyers
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Full Service Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX NSE, BSE
Broker Overview 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. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers 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
Broker Enquiry Request call back from Upstox Request call back from Fyers Request call back from Zerodha
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Account Opening Charges and AMC

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

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

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

Compare Upstox vs Fyers vs AxisDirect on Plan Options

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

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

Account Opening

  Upstox Fyers Zerodha
Account Opening Request
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Brokerage Charges

Compare Upstox vs Fyers vs AxisDirecton Brokerage Charges

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

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

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 Upstox vs Fyers vs AxisDirect
Brokerage Charges Compare Upstox Fyers AxisDirect
Plan Name Max Rs 20 Per Order Trading Plan Max Rs 20 Per Order Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower Free 0.50% (Each leg)
Equity Intraday 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.05% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower 0.05% (Each Leg)
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage
Hidden Charges Info Not Available No
Funding Info Not Available No Yes - 18% interest PA
Call & Trade Charges Rs 50 + 18% GST Rs 50 Per Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50 + 18% GST Rs 50 Per Order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Fyers Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Upstox vs Fyers vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Upstox vs Fyers vs AxisDirect
Transaction Charges Compare Upstox Fyers AxisDirect
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 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for fyers Complete Brokerage Plans for axisdirect
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Account Features

Compare Upstox vs Fyers vs AxisDirect on Account Features

Compare Upstox vs Fyers 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 Fyers offers only 2-in-1 account which includes trading and demat account. Margin Funding - Upstox and AxisDirect offers margin funding where Fyers doesn't offers margin funding. NRI Trading - AxisDirect offers NRI Trading where Upstox and Fyers doesn't offers NRI Trading.

Account Features - Upstox vs Fyers vs AxisDirect
Account Features Compare Upstox Fyers AxisDirect
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading Yes Yes No
SMS Alerts Yes No Yes
Online Demo Yes Yes Yes
Online Portfolio Yes No Yes
Margin Trading Funding Available Yes No Yes
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM 2:45 PM
NRI Trading No No Yes
Other Features NIL Fyers 30 Day Challenge NIL
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Trading Platform

Compare Upstox vs Fyers vs AxisDirecton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox vs Fyers 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.

Trading Platform - Compare Upstox vs Fyers vs AxisDirect
Trading Platform Compare Upstox Fyers AxisDirect
Desktop Trading Platform Upstox Pro Fyers One Ring
Desktop Demo Info Not Available Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://pro.upstox.com/

Fyers Web

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Upstox Fyers 2.0 Mobile App AxisDirect Ring Mobile App
Mobile Trading App Demo Upstox Demo Fyers 2.0 Mobile App Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Upstox Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Upstox Download iOS Fyers 2.0 Mobile App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Fyers Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for fyers Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Upstox vs Fyers vs AxisDirect on User Rating

  Upstox Fyers AxisDirect
  12 Customer Reviews    Rate Upstox 10 Customer Reviews    Rate Fyers 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Upstox vs Fyers vs AxisDirect on Investment Offerings

Compare Upstox vs Fyers 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) - All 3 brokers doesn't offer PMS facility.

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

Compare Upstox vs Fyers vs AxisDirect on Order Types

Order Type - Compare Upstox vs Fyers 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 and Fyers provides Bracket Orders (BO) facility where 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 Types - Compare Upstox vs Fyers vs AxisDirect
Order Type Compare Upstox Fyers AxisDirect
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order Yes Yes No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes Yes
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Customer Service Offered

Compare Upstox vs Fyers vs AxisDirect on Customer Service

Compare Upstox vs Fyers 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 Support - Compare Upstox vs Fyers vs AxisDirect
Customer Service Compare Upstox Fyers AxisDirect
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 No No Yes
Through Branches Yes No Yes
Customer Care Number +91 22 6130 9999 08060001111 022-61480808
Account Opening Process Online/Paperless 100% online and paperless proc Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://upstox.com/help-center/ https://fyers.in/school-of-stocks/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://upstox.com/ https://fyers.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Upstox vs Fyers vs AxisDirect on Research Reports, Tips

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

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

Compare Upstox vs Fyers vs AxisDirect on Demat Account

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

Demat Charges - Compare Upstox vs Fyers vs AxisDirect
  Upstox Fyers AxisDirect
DP Source CDSL CDSL CDSL
DP ID 81800 432-2019 49200
Demat Account Annual Maintenance Charges(AMC) ₹300 PA Free ₹500 pa
Advance Deposit NIL Nil Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹7 + ₹5.50 (CDSL Charges) per transaction ₹10
Demat ₹20 + ₹50 courier charges ₹0 ₹3 per certificate
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹0 ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil ₹25
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil ₹25
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges Nil ₹25
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil ₹25
Pledge Invocation 0.05% of the transaction value (Min ₹50) Nil Nil
Failed Instruction Charges ₹50 Nil Nil
Other Charges Nil Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Upstox vs Fyers vs AxisDirect on Special Offers and Promotion

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

Compare Upstox vs Fyers vs AxisDirect on Special Offers and Promotion
  Upstox Fyers AxisDirect
Pay In and Pay Out Options 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-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 Up to 24 Hrs except for Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. 24+ banks connected via payment gateway, Free pay in and Free Pay Out. NA
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Direct from your Axis bank account.
Likes

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...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

  • 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...

Dislikes

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

  • 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...

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 Upstox Enquire for Fyers Enquire for AxisDirect

Last Updated on 2023-12-15T00:33:11+00:00