Axis Direct vs Fyers – Compare Charges, Trading Features, Offers & More

Overview — Axis Direct vs. Fyers

Axis Direct is listed as a Private Discount Broker established in 2011 with headquarters in Mumbai and founded by Arun Thukral. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard Plan brokerage structure.

Fyers is listed as a Private Discount Broker established in 2015 with headquarters in Bangalore and founded by Tejas Khoday, Shreyas Khodey & Yashas Khodey. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. Its brokerage model is structured as Standard Plan.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Axis Direct vs. Fyers

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Axis Direct and Fyers.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Axis Direct charges 0.5% of Transaction Value while Fyers charges Free.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Axis Direct charges 0.05% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is Low).

Equity futures: This charge applies to futures contracts on stocks and indices. Axis Direct charges 0.05% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).

Equity options: This charge applies to equity option contracts. Axis Direct charges Rs.10 per Trade while Fyers charges Rs.20 per Trade.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Axis Direct charges 0.05% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).

Commodity options: This charge applies to option contracts on commodity instruments. Axis Direct charges Rs.10 per Trade while Fyers charges Rs.20 per Trade.

Currency futures: This charge allows participation in forex price movements on the exchange. Axis Direct charges N/A ; Fyers charges Rs.20 per Trade or 0.03% (whichever is low).

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Axis Direct charges N/A ; Fyers charges Rs.20 per Trade.

Trading platforms comparison — Axis Direct vs. Fyers

Axis Direct provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Fyers provides mobile app access, web trading, desktop terminal access and algo trading support for its users.

• Android app: Axis Direct and Fyers both list an Android trading app.

• iOS app: Axis Direct and Fyers both list an iOS trading app.

• Web trading platform: Axis Direct and Fyers both list a web trading platform.

• Desktop trading terminal: Axis Direct and Fyers both list a desktop trading terminal.

• Algo trading: Fyers lists algo trading support, while Axis Direct does not currently mention it.

• Basket trading: Fyers lists basket trading, while Axis Direct does not currently mention it.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Axis Direct and Fyers both list a mutual fund investment platform.

• Digital gold platform: Axis Direct lists digital gold investing, while Fyers does not currently mention it.

• Bonds platform: Axis Direct lists a bonds investment platform, while Fyers does not currently mention it.

Axis Direct vs. Fyers — Comparison of trading features

Axis Direct highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while Fyers promotes watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Axis Direct and Fyers offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Axis Direct and Fyers offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Axis Direct offers this; Fyers does not currently highlight it.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Axis Direct offers this; Fyers does not currently highlight it.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Axis Direct and Fyers offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Axis Direct and Fyers offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Axis Direct and Fyers offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Axis Direct and Fyers offer this feature.

• Live market: Live updates on market movements and trends. Both Axis Direct and Fyers offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Axis Direct offers this; Fyers does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Axis Direct and Fyers offer this feature.

Axis Direct vs. Fyers — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Axis Direct and Fyers.

• Free account opening: Axis Direct and Fyers both list free account opening.

• Free AMC: Fyers lists free Demat AMC, while Axis Direct does not currently mention it.

• Free brokerage: Fyers lists free brokerage, while Axis Direct does not currently mention it.

• Flat brokerage: Axis Direct and Fyers both list flat brokerage pricing.

• Flexible brokerage plans: Axis Direct lists flexible brokerage plans, while Fyers does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Fyers lists free delivery trading, while Axis Direct does not currently mention it.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Axis Direct lists free research reports, while Fyers does not currently mention it.

• Free trading calls: Axis Direct lists free trading calls, while Fyers does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Axis Direct offers Upto Rs.500 per Client while Fyers offers 20% of Revenue for referrals.

Offered products comparison — Fyers vs. Axis Direct

Product availability determines whether a broker can support your preferred markets. Axis Direct highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while Fyers highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, banking services, insurance, corporate bonds, government bonds, digital gold, bonds, currency futures and currency options.

• Demat services: Axis Direct and Fyers both list Demat services.

• Trading services: Axis Direct and Fyers both list trading services.

• Intraday services: Axis Direct and Fyers both list intraday trading services.

• F&O services: Axis Direct and Fyers both list F&O services.

• IPO services: Axis Direct and Fyers both list IPO services.

• 3-in-1 account: Axis Direct lists 3-in-1 account support, while Fyers does not currently mention it.

• Stock research: Axis Direct lists stock research, while Fyers does not currently mention it.

• Stock recommendations: Axis Direct lists stock recommendations, while Fyers does not currently mention it.

• Trading education: Axis Direct and Fyers both list trading education.

• Share pledging: Axis Direct and Fyers both list share pledging.

• PMS or PCG: Axis Direct lists PMS or PCG support, while Fyers does not currently mention it.

• NRI services: Axis Direct lists NRI services, while Fyers does not currently mention it.

Offered services comparison — Axis Direct vs. Fyers

Axis Direct provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Fyers offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.

Stock advisory service comparison — Axis Direct vs. Fyers

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Axis Direct and Fyers.

Exposure comparison — Axis Direct vs. Fyers

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Axis Direct and Fyers across different segments.

Comparison of programs — Axis Direct vs. Fyers

Axis Direct and Fyers both list a sub-broker program. Axis Direct and Fyers both list a partner program. Axis Direct and Fyers both list a referral program.

Customer support comparison — Axis Direct vs. Fyers

Axis Direct provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Fyers provides support through trading desk support, call support, email support, website support and Facebook support. Axis Direct operates Available branches.

Ratings — Axis Direct vs. Fyers

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Axis Direct carries an overall rating of 8.74 / 10, while Fyers carries an overall rating of 8.20 / 10.

Complaints — Axis Direct vs. Fyers

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Axis Direct vs. Fyers

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Axis Direct and Fyers.

Pledge charges comparison — Axis Direct vs. Fyers

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Axis Direct vs. Fyers

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Axis Direct vs Fyers

Axis Direct lists account opening charges of Free and Demat AMC of Rs.750 (Rs.350 for first year). Fyers lists account opening charges of Free and Demat AMC of Free (limited period offer).

Axis Direct vs Fyers — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Axis Direct and Fyers

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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