Axis Direct and Paytm Money are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Axis Direct is listed as a Private Discount Broker , established in 2011 and headquartered in Mumbai, while Paytm Money is listed as a Private Discount Broker , established in 2019 and headquartered in Bangalore.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Axis Direct or Paytm Money is a better fit for your investment style, platform preference, and budget.
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.
Paytm Money is listed as a Private Discount Broker established in 2019 with headquarters in Bangalore and founded by Vijay Shekhar Sharma. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. 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.
Axis Direct vs Paytm Money — A Comprehensive Company Overview
| Company Overview | Axis Direct | Paytm Money |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Bangalore |
| Founder | Arun Thukral | Vijay Shekhar Sharma |
| Establishment Year | 2011 | 2019 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Axis Direct and Paytm Money.
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 Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Axis Direct charges 0.05% of Transaction Value while Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low).
Equity futures: This charge applies to futures contracts on stocks and indices. Axis Direct charges 0.05% of Transaction Value while Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low).
Equity options: This charge applies to equity option contracts. Axis Direct charges Rs.10 per Trade while Paytm Money charges Rs.15 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Axis Direct charges 0.05% of Transaction Value . Paytm Money does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. Axis Direct charges Rs.10 per Trade . Paytm Money does not currently list a charge for this segment.
Axis Direct vs Paytm Money — Detailed Brokerage Comparison
| Brokerage | Axis Direct | Paytm Money |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.5% of Transaction Value | Rs.15 per Trade & 2.5% (whichever is low) |
| Equity Intraday | 0.05% of Transaction Value | Rs.15 per Trade or 0.05% (whichever is Low) |
| Equity Future | 0.05% of Transaction Value | Rs.15 per Trade or 0.02% (whichever is low) |
| Equity Option | Rs.10 per Trade | Rs.15 per Trade |
| Commodity Future | 0.05% of Transaction Value | NA |
| Commodity Option | Rs.10 per Trade | NA |
| Currency Future | NA | NA |
| Currency Option | NA | NA |
Axis Direct provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Paytm Money provides mobile app access, web trading and algo trading support for its users.
Android app: Axis Direct and Paytm Money both list an Android trading app.
iOS app: Axis Direct and Paytm Money both list an iOS trading app.
Web trading platform: Axis Direct and Paytm Money both list a web trading platform.
Desktop trading terminal: Axis Direct lists a desktop trading terminal, while Paytm Money does not currently mention it.
Algo trading: Paytm Money lists algo trading support, while Axis Direct does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Axis Direct and Paytm Money both list a mutual fund investment platform.
Digital gold platform: Axis Direct lists digital gold investing, while Paytm Money does not currently mention it.
Bonds platform: Axis Direct lists a bonds investment platform, while Paytm Money does not currently mention it.
Axis Direct vs Paytm Money — Complete Comparison of Trading Platforms
| Trading Platform | Axis Direct | Paytm Money |
|---|---|---|
| Android App | Axis Securities Android App Link | Paytm Money Android App Link |
| iOS App | Axis Securities iOS App Link | Paytm Money iOS App Link |
| Web Trading Platform | Axis Securities Web Trading Link | Paytm Money Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Available | NA |
| Bonds Platform | Available | NA |
Axis Direct highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while Paytm Money promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. 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 Paytm Money offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Axis Direct and Paytm Money offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Axis Direct and Paytm Money offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Axis Direct and Paytm Money offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Axis Direct and Paytm Money offer this feature.
Global indices: Real-time data on leading global stock market indices. Paytm Money offers this; Axis Direct does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Axis Direct offers this; Paytm Money does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Axis Direct offers this; Paytm Money does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Axis Direct and Paytm Money offer this feature.
Live market: Live updates on market movements and trends. Both Axis Direct and Paytm Money offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Axis Direct offers this; Paytm Money does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Axis Direct and Paytm Money offer this feature.
Axis Direct vs Paytm Money — Comprehensive Comparison of Trading Features
| Trading Feature | Axis Direct | Paytm Money |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | Yes |
| Customised Recommendations | Yes | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| Robust & Secure Platform | Yes | Yes |
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 Paytm Money.
Free account opening: Axis Direct lists free account opening, while Paytm Money does not currently mention it.
Free AMC: Neither broker currently highlights free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Axis Direct and Paytm Money both list flat brokerage pricing.
Flexible brokerage plans: Axis Direct lists flexible brokerage plans, while Paytm Money does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
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 Paytm Money does not currently mention it.
Free trading calls: Axis Direct lists free trading calls, while Paytm Money 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 Paytm Money offers Yes for referrals.
Axis Direct vs Paytm Money — Comparison of Latest Offers
| Offer | Axis Direct | Paytm Money |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | No | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes, Limited | Yes |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | NA |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.500 per Client | Yes |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
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 Paytm Money highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.
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 and bonds.
Axis Direct vs Paytm Money — Complete Comparison of Products
| Product | Axis Direct | Paytm Money |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | No |
| Commodity Future | Yes | No |
| Currency Option | No | No |
| Currency Future | No | No |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | Yes | No |
| Insurance | Yes | No |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | No |
| Digital Gold | Yes | No |
Demat services: Axis Direct and Paytm Money both list Demat services.
Trading services: Axis Direct and Paytm Money both list trading services.
Intraday services: Axis Direct and Paytm Money both list intraday trading services.
F&O services: Axis Direct and Paytm Money both list F&O services.
IPO services: Axis Direct and Paytm Money both list IPO services.
3-in-1 account: Axis Direct lists 3-in-1 account support, while Paytm Money does not currently mention it.
Stock research: Axis Direct lists stock research, while Paytm Money does not currently mention it.
Stock recommendations: Axis Direct lists stock recommendations, while Paytm Money does not currently mention it.
Trading education: Axis Direct lists trading education, while Paytm Money does not currently mention it.
Share pledging: Axis Direct and Paytm Money both list share pledging.
PMS or PCG: Axis Direct lists PMS or PCG support, while Paytm Money does not currently mention it.
NRI services: Axis Direct lists NRI services, while Paytm Money does not currently mention it.
Axis Direct provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Paytm Money offers Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging.
Axis Direct vs Paytm Money — In-Depth Comparison of Services
| Service | Axis Direct | Paytm Money |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | Yes | No |
| Stock Research | Yes | No |
| Stock Recommendations | Yes | No |
| Trading Education | Yes, Learn | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | Yes | No |
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 Paytm Money.
Axis Direct and Paytm Money — Detailed Comparison of Advisory Services
| Advisory | Axis Direct | Paytm Money |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | No |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Axis Direct and Paytm Money across different segments.
Axis Direct and Paytm Money — Comprehensive Comparison of Trading Exposure
| Exposure | Axis Direct | Paytm Money |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1X | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Axis Direct and Paytm Money both list a sub-broker program. Axis Direct and Paytm Money both list a partner program. Axis Direct and Paytm Money both list a referral program.
Axis Direct vs Paytm Money — Comparative Analysis of Programs
| Program | Axis Direct | Paytm Money |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Axis Direct provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Paytm Money provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Axis Direct operates Available branches.
Axis Direct and Paytm Money — Comprehensive Comparison of Customer Support
| Support Channel | Axis Direct | Paytm Money |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 1800-210-0808 | 080-46253716 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | — |
| Branches / Offices | Available | NA |
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 Paytm Money carries an overall rating of 8.85 / 10.
Axis Direct vs Paytm Money — Ratings Comparison
| Rating Parameter | Axis Direct | Paytm Money |
|---|---|---|
| Overall Rating | 8.74 / 10 | 8.85 / 10 |
| Customer Support | 8.70 / 10 | 8.81 / 10 |
| Technology | 8.84 / 10 | 8.95 / 10 |
| Charges | 8.77 / 10 | 8.88 / 10 |
| Products & Services | 8.68 / 10 | 8.79 / 10 |
| Experience | 8.67 / 10 | 8.77 / 10 |
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.
Axis Direct & Paytm Money — Comparison of Customer Complaints
| Complaint Metric | Axis Direct | Paytm Money |
|---|---|---|
| Total Complaints Lodged | 76 | 195 |
| Total Complaints Resolved | 60 | 172 |
| % of Resolved Complaints | 78.95% | 88.21% |
| Non-Actionable Complaints | 12 | 18 |
| % of Non-Actionable Complaints | 15.79% | 9.23% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Axis Direct and Paytm Money.
Axis Direct vs Paytm Money — Detailed Comparison of Transaction Charges
| Transaction Charges | Axis Direct | Paytm Money |
|---|---|---|
| Equity Delivery | 0.00345% (NSE) & 0.00375% (BSE) | |
| Equity Intraday | 0.00345% (NSE) & 0.00375% (BSE) | |
| Equity Future | 0.002% (NSE & BSE) | |
| Equity Option | 0.053% (on premium) | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |
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.
Axis Direct & Paytm Money — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Axis Direct | Paytm Money |
|---|---|---|
| Pledge Creation Charges | Rs.15 per Request | |
| Pledge Invocation Charges | Rs.15 per Request | |
| Margin Trading Interest | 0.049% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Axis Direct and Paytm Money — Detailed Comparison of Hidden / Other Charges
| Charge | Axis Direct | Paytm Money |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.13.5 per Scrip only on Sell | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | Nil | |
| Reactivation Charges | Nil | |
| Dematerialisation Charges | Rs.250 per 100 Certificate | |
| Call & Trade Charges | Rs.100 per Trade |
Axis Direct lists account opening charges of Free and Demat AMC of Rs.750 (Rs.350 for first year). Paytm Money lists account opening charges of Rs.200 and Demat AMC of Free.
Axis Direct vs Paytm Money — Detailed Comparison of Demat Charges
| Demat Charges | Axis Direct | Paytm Money |
|---|---|---|
| Account Opening Charges | Free | Rs.200 |
| Annual Maintenance Charges (AMC) | Rs.750 (Rs.350 for first year) | Free |
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.
Axis Direct vs Paytm Money — Comparative Analysis of STT and CTT Charges
| STT & CTT | Axis Direct | Paytm Money |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |
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.
Axis Direct and Paytm Money — Comparison of Stamp Duty Charges
| Stamp Duty | Axis Direct | Paytm Money |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | NA | |
| Commodity Option | NA | |
| Currency Future | NA | |
| Currency Option | NA |