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Upstox vs Axis Direct – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 29, 2023

Here is a detailed comparison of Upstox vs Axis Direct. This comparison includes all metrics required to give a detailed idea about both the stock brokers. In this comparison we will cover the similarities between Upstox vs Axis Direct along with differences.

Upstox vs Axis Direct

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

This Upstox vs Axis Direct comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare Upstox vs Axis Direct:

Overview of Upstox & Axis Direct

Overview Upstox Axis Direct
Company Type Private Private
Broker Type Discount Broker Full Service Broker
Headquarters Mumbai, India Mumbai, India
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath Arun Thukral
Established Year 2011 2011

Upstox vs Axis Direct Customer Ratings Comparison

Customer Ratings Upstox Axis Direct
Experience 8.1 / 10 6.2/10
Products & Services 8.0 / 10 6.5/10
Brokerage Charges & Fees 7.9 / 10 6.2/10
Stock Research & Advisory 9.0 / 10 6.3/10
Trading Platforms 5.0 / 10 6.3/10
Overall Ratings 7.90 / 10 6.3/10
Star Ratings ★★★☆☆ ★★★★☆
Total Client Reviews 2147 879

Upstox vs Axis Direct Demat Account Comparison

Demat Services Upstox Axis Direct
Depository Source CDSL CDSL & NSDL
Account Opening Charges Rs 0 (Free) Rs 900
Demat AMC Charges Rs 249 Rs.650 per annum
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S S

Axis Direct vs Upstox Brokerage Charges Comparison

Brokerage Charge & Fees Upstox Axis Direct
Equity Delivery Trading Zero 0.50%
Equity Intraday Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Commodity Options Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.03% / Rs 50 per lot
Equity Futures Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Equity Options Trading Flat Rs.20 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Currency Options Trading Flat Rs.20 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Minimum Brokerage Rs.20 Percentage of Transaction
Demat AMC Charges Rs.249 Rs.650 per Annum
Trading AMC Charges Rs. 354 Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Upstox Brokerage Calculator Axis Direct Brokerage Calculator

Axis Direct & Upstox Other Charges Comparison

Other Charges Upstox Axis Direct
Transaction Charges 0.00275% of Total Turnover 0.00325% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Axis Direct & Upstox Offers

Offers Upstox Axis Direct
Free Demat Account S S
Free Trading Account R S
Discount on Brokerage R S
Trading Happy Hours S S
Flexible Brokerage Plans S R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of Upstox vs Axis Direct

Services Upstox Axis Direct
Demat Services R R
Trading Services R R
3 in 1 Account S R
Intraday Services R R
IPO Services R R
Stock Recommendations S R
Robo Advisory R S
PMS S R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Axis Direct & Upstox Research & Advisory

Research & Advisory Upstox Axis Direct
Fundamental Reports S R
Research Reports S R
Company Reports S R
Annual Reports S R
Company Stock Review S R
Free Stock Tips S S
IPO Reports S R
Top Picks S R
Daily Market Review S S
Monthly Reports S R
Weekly Reports S R
Offline Advisory S R
Relationship Manager S R

Upstox vs Axis Direct Exposure/Leverage

Exposure / Leverage Upstox Axis Direct
Equity Delivery 1x 1x
Equity Intraday Upto 5x 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Upstox Margin Calculator Axis Direct Margin Calculator

Upstox vs Axis Direct Product Comparison

Products Upstox Axis Direct
Equity Trading R R
Commodity Trading S S
Currency Trading R R
Options R R
Futures R R
Mutual Funds S R
Forex S R
Banking S R
SIP S R
Insurance S R

Upstox vs Axis Direct Trading Platform Comparison

Trading Platforms Upstox Axis Direct
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

Upstox vs Axis Direct Customer Support

Customer Support Upstox Axis Direct
Dedicated Dealer S R
Offline Trading S R
Online Trading R R
24*7 Support S R
Email Support R R
Chat Support S S
Toll Free Number S 1800 210 0808
Branches Zero 186

Upstox vs Axis Direct Customer Complaints

Complaints (Current Year) Upstox Axis Direct
Lodged in BSE 185 129
Resolved in BSE 126 115
Lodged in NSE 175 189
Resolved in NSE 139 165

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