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Upstox vs Axis Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Axis Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Axis Direct.

Background

Year of Incorporation 2010
Website https://upstox.com/
Phone 022 - 41792999
Exchanges enabled NSE, BSE & MCX
Demat (NSDL/CDSL) CDSL
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 16 Lakhs
Profit after Tax FY12/13 Rs 24 lakhs
Profit after Tax FY13/14 Rs 68 Lakhs
Profit after Tax FY 14/15 Rs 71 Lakhs
Profit after Tax FY 15/16 Rs 73 Lakhs
Profit after Tax FY 16/17 Rs 77 Lakhs
Profit after Tax FY 17/18 Rs 80 Lakhs
Profit after Tax FY 18/19 Rs 86 Lakhs
Profit after Tax FY 19/20 Rs 88 Lakhs
Profit after Tax FY 20/21 Rs 92 Lakhs
Profit after Tax FY 21/22 Rs 95 Lakhs
Profit after Tax FY 22/23 Rs 97 Lakhs
Debt FY11/12 0
Debt FY12/13 0
Debt FY13/14 Rs 1.38 Crores
Debt FY14/15 Rs 1.77 Crores
Debt FY15/16 Rs 2.13 Crores
Debt FY16/17 Rs 2.44 Crores
Debt FY17/18 Rs 2.87 Crores
Debt FY18/19 Rs 3.11 Crores
Debt FY19/20 Rs 3.56 Crores
Debt FY20/21 Rs 3.91 Crores
Debt FY21/22 Rs 4.18 Crores
Debt FY22/23 Rs 4.40 Crores
Profit to Equity(%) FY11/12 3.48
Profit to Equity(%) FY12/13 5.10
Profit to Equity(%) FY13/14 13.73
Profit to Equity(%) FY14/15 15.70
Profit to Equity(%) FY15/16 16.22
Profit to Equity(%) FY16/17 16.87
Profit to Equity(%) FY17/18 17.42
Profit to Equity(%) FY18/19 17.99
Profit to Equity(%) FY19/20 18.54
Profit to Equity(%) FY20/21 19.01
Profit to Equity(%) FY21/22 21.58
Profit to Equity(%) FY22/23 22.15
Balance Sheet Size FY11/12 Rs 6.23 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free
Equity Futures Rs 20/executed order
Equity Options Rs 20/executed order
Currency Futures Rs 20/executed order
Currency Options Rs 20/executed order
Commodity Rs 20/executed order
Account Opening Costs

Trading only Rs 250
Trading & Demat Rs 460
Commodity Rs 250
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover
Futures 0.0021% on Turnover
Options 0.059% on Premium Turnover
Commodities 0.0036% on Turnover
AMC charge Trading: 0, Rs 400/year for Demat
DP Transaction Charge Rs 22/debit transaction
Offline order placing Charge Rs 25/order placed on the phone
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days
End of Day 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery
Equity Futures Upto 4 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday
Currency Futures Upto 4 times for intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday
Commodity Upto 3 times for intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Compare Upstox Compare Axis Direct
Upstox Vs Dhani Axis Direct Vs Dhani
Upstox Vs IIFL Securities Axis Direct Vs IIFL Securities
Upstox Vs Paytm Money Axis Direct Vs Paytm Money
Upstox Vs Goldmine Stocks Axis Direct Vs Goldmine Stocks
Upstox Vs Globe Capital Axis Direct Vs Globe Capital
Upstox Vs Fortune Trading Axis Direct Vs Fortune Trading
Upstox Vs Finvasia Axis Direct Vs Finvasia
Upstox Vs Farsight Securities Axis Direct Vs Farsight Securities
Upstox Vs Fairwealth Securities Axis Direct Vs Fairwealth Securities
Upstox Vs Elite Wealth Axis Direct Vs Elite Wealth
Upstox Vs Dealmoney Securites Axis Direct Vs Dealmoney Securites
Upstox Vs Competent Finman Axis Direct Vs Competent Finman
Upstox Vs Coimbatore Capital Axis Direct Vs Coimbatore Capital
Upstox Vs Cholamandalam Axis Direct Vs Cholamandalam
Upstox Vs Choice Equity Broking Axis Direct Vs Choice Equity Broking
Upstox Vs Canara Bank Axis Direct Vs Canara Bank
Upstox Vs Bonanza Portfolio Axis Direct Vs Bonanza Portfolio
Upstox Vs B N Rathi Axis Direct Vs B N Rathi
Upstox Vs BMA Wealth Creators Axis Direct Vs BMA Wealth Creators
Upstox Vs Bezel Stock Brokers Axis Direct Vs Bezel Stock Brokers
Upstox Vs Beeline Broking Axis Direct Vs Beeline Broking
Upstox Vs Bansal Finstock Axis Direct Vs Bansal Finstock
Upstox Vs Ats Share Brokers Axis Direct Vs Ats Share Brokers
Upstox Vs Asit C Mehta Axis Direct Vs Asit C Mehta
Upstox Vs ASE Capital Markets Axis Direct Vs ASE Capital Markets
Upstox Vs Arihant Capital Axis Direct Vs Arihant Capital
Upstox Vs Alice Blue Axis Direct Vs Alice Blue
Upstox Vs 5Paisa Axis Direct Vs 5Paisa
Upstox Vs M.stock Axis Direct Vs M.stock
Upstox Vs WisdomCapital Axis Direct Vs WisdomCapital
Upstox Vs Way2wealth Axis Direct Vs Way2wealth
Upstox Vs Ventura Securities Axis Direct Vs Ventura Securities
Upstox Vs Tradeplus Online Axis Direct Vs Tradeplus Online
Upstox Vs Tradejini Axis Direct Vs Tradejini
Upstox Vs Tata Securities Axis Direct Vs Tata Securities
Upstox Vs Swastika Investmart Axis Direct Vs Swastika Investmart
Upstox Vs SMC Global Axis Direct Vs SMC Global
Upstox Vs SBICAP Securities Axis Direct Vs SBICAP Securities
Upstox Vs SASOnline Axis Direct Vs SASOnline
Upstox Vs Samco securities Axis Direct Vs Samco securities
Upstox Vs RKGlobal Axis Direct Vs RKGlobal
Upstox Vs Reliance Securities Axis Direct Vs Reliance Securities
Upstox Vs Nirmal Bang Axis Direct Vs Nirmal Bang
Upstox Vs Master Trust Capital Axis Direct Vs Master Trust Capital
Upstox Vs Kotak Securities Axis Direct Vs Kotak Securities
Upstox Vs Interactive Brokers Axis Direct Vs Interactive Brokers
Upstox Vs Indiainfoline Axis Direct Vs Indiainfoline
Upstox Vs Indiabulls Securities Axis Direct Vs Indiabulls Securities
Upstox Vs IDBI Capital Axis Direct Vs IDBI Capital
Upstox Vs HDFC Securities Axis Direct Vs HDFC Securities
Upstox Vs Geojit Axis Direct Vs Geojit
Upstox Vs Fyers Securities Axis Direct Vs Fyers Securities
Upstox Vs Edelweiss Capital Axis Direct Vs Edelweiss Capital
Upstox Vs Easytradez Axis Direct Vs Easytradez
Upstox Vs Asthatrade Axis Direct Vs Asthatrade
Upstox Vs Anand Rathi Axis Direct Vs Anand Rathi
Upstox Vs Aditya Birla Money Axis Direct Vs Aditya Birla Money
Upstox Vs Achiievers Axis Direct Vs Achiievers
Upstox Vs A C Choksi Axis Direct Vs A C Choksi
Upstox Vs Angel Broking Axis Direct Vs Angel Broking
Upstox Vs Motilal Oswal Axis Direct Vs Motilal Oswal
Upstox Vs ICICI Direct Axis Direct Vs ICICI Direct
Upstox Vs Sharekhan Axis Direct Vs Sharekhan
Upstox Vs Groww Axis Direct Vs Groww
Upstox Vs Tradesmartonline Axis Direct Vs Tradesmartonline
Upstox Vs Zerodha Axis Direct Vs Zerodha

Frequently Asked Questions

Is Upstox better than Axis Direct ?

Upstox and Axis Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Axis Direct better than Upstox ?

Upstox and Axis Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Axis Direct ?

Upstox and Axis Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Axis Direct cheaper than Upstox ?

Upstox and Axis Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Axis Direct ?

To find out the better of the two stockbrokers Upstox and Axis Direct, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.