Comparison –  Axis Direct Vs Upstox

Axis Direct Upstox
Year of Incorporation 2006 2008
Exchanges enabled NSE & BSE NSE, BSE & MCX
Demat (NSDL/CDSL) NSDL NSDL- Partnership with ILFS
Brokerages
Equity 0.05% for Intraday, 0.5% of Delivery
0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)
Equity Futures 0.05% of Turnover Rs 20/executed order or 0.01% whichever is lower
Equity Options Rs 100/lot Rs 20/executed order or 0.01% whichever is lower
Currency Futures 0.05% of Turnover Rs 20/executed order or 0.01% whichever is lower
Currency Options Rs 100/lot Rs 20/executed order or 0.01% whichever is lower
Commodity NA Rs 20/executed order or 0.01% whichever is lower
Account opening charges
Trading and Demat Rs 900 Nill
Only Trading Nill
Commodity Nill
Trading Tools
Platforms Mobile/ web Mobile/ web/ desktop
Charting 5 days on Web based 22 days
Margins & Leverage Provided
Equity Upto 10 times for Intraday, 0 for Delivery Upto 20 times for intraday, 0 for delivery
Equity Futures No Leverage Upto 4 times for intraday
Equity Options No Leverage Buying no leverage, shorting upto 4 times for intraday
Currency Futures No Leverage Upto 4 times for intraday
Currency Options No Leverage Buying no leverage, shorting upto 4 times for intraday
Commodity NA Upto 3 times for intraday
Serviceable
3 in 1 Account YES NO
Instant Fund withdrawal YES NO
Instant Fund Transfer YES YES
Relationship Managers YES NO