AxisDirect vs Upstox Comparison: 2024

About AxisDirect

It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row  2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.

Axis Direct: Overview

The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm  with over 75 branches across India.

In addition to this, Axis direct provides the 3-in-1 account facility which

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

AxisDirect vs Upstox Account Opening Charges: 2024

ChargeAxisDirectUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹999 (For a 3-in-1 Account)₹249
Trading Account AMC₹0₹0
Demat Account AMC₹650 per year (free for 1st year)₹300 per year (paid monthly)

AxisDirect vs Upstox Brokerage Charges and Plans : 2024

ChargeAxisDirectUpstox
Plan NameN/ABasic
Equity Delivery0.50%₹0 (FREE)
Equity Intraday0.05%₹20 per trade or 0.05% (whichever is lower)
Equity Futures0.05%₹20 per trade or 0.05% (whichever is lower)
Equity Options₹0.01 or ₹10 per lot₹20 per trade or 0.05% (whichever is lower)
Currency Futures0.05% ₹20 per trade or 0.05% (whichever is lower)
Currency Options₹0.01 or ₹10 per lot₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsFutures: 0.03% and Options: ₹50 per lot₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

AxisDirect vs Upstox Margin / Exposure: 2024

SegmentAxisDirectUpstox
Equity Delivery1x1x (no margin)
Equity IntradayUpto 10xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Future1xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options1xBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Future1xBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options1xBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Future3xBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options1xN/A

AxisDirect vs Upstox Currency Charges and Plans: 2024

AxisDirect charge 0.05% for Currency Futures and ₹0.01 or ₹10 per lot for Currency Options whereas Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.

AxisDirect vs Upstox Commodity Charges and Plans: 2024

AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity and Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity.
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