Comparison –  UPSTOX Vs Axis Direct

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