Axis Direct vs Upstox
Comparison of charges, features, and platform quality. Both Axis Direct and Upstox are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.
Our Verdict
This is a comparison between a Discount Broker (Upstox) and a Full-Service Broker (Axis Direct).
Choose Upstox if:
- You want to save massively on brokerage fees.
- You don't need stock tips or a relationship manager.
Choose Axis Direct if:
- You are a beginner needing guidance & research reports.
- You prefer offline support or a relationship manager.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Full-Service / Hybrid | Discount |
| Account Opening | ₹900 | ₹0 (Free) |
| AMC (Yearly) | ₹650/year | ₹150/year |
| Equity Delivery | 0.50% | ₹20 or 2.5% |
| Intraday Tradng | 0.05% | ₹20 or 0.05% |
| Active Clients | 10 Lakhs+ | 30 Lakhs+ |
| Rating | 3.8 | 4.6 |
| Best For | Investors, Banking | Intraday, Options |
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Brokerage Charges Explained
Axis Direct Fees
For equity delivery, 0.50% applies. If you trade Intraday, you pay 0.05% per order.
This makes it suitable for investors.
Upstox Fees
For equity delivery, ₹20 or 2.5% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for frequent traders.
Trading Platform & App
Axis DirectAxis Direct's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
UpstoxUpstox's platform focuses on research and data. Users find it powerful for detailed tracking.
Choose Axis Direct if:
- You are looking for the best platform for Investors.
- You are looking for the best platform for Banking.
- You prefer 3-in-1 account features.
Choose Upstox if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer fast app features.
Pros & Cons Comparison
Axis Direct
Advantages
- 3-in-1 Account
- Research reports
- Seamless fund transfer
Disadvantages
- Performance issues
- High charges
Upstox
Advantages
- Fast trading platform (Pro)
- Good charting tools
- Margin against shares
Disadvantages
- Delivery is charged (₹20)
- Customer support mixed reviews
- Downtime issues occasionally
