Axis Direct vs Fyers | Broker Comparison

Axis Direct vs Fyers

Side-by-side view of features, pricing context, and platform fit.

Axis Direct

Axis Direct

Active Clients: 4,11,423

Established in 2005, Axis Securities Ltd is a subsidiary of Axis Bank, a prominent private bank in India. Axis Sec serves as a comprehensive broker, providing stock broking services and distributing financial products...

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

Side-by-Side Compare Table

Category	AxisDirect	Fyers
Basic Details	•Broker Type: Full-service broker (Axis Securities) •Founded: 2005	•Broker Type: Discount broker •Founded: 2015
Charges & AMC	•Demat Account Opening: Rs 0 •Demat AMC: Rs 750 per year (first year free in listed offer)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)
Brokerage	•Brokerage is plan based. •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges	•MTF interest is plan dependent. •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.
Leverage (Margin)	•E-Margin (T+240) proposition is highlighted. •Margin Trading Facility interest rates vary by plan.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.
Features	•Axis Bank-backed 3-in-1 integration. •30+ product access including unlisted shares and SLBM.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.
Trading Platforms	•Axis Direct Investor App •Axis Direct Trader App	•Fyers App (mobile) •Fyers Web
Reviews & Ratings	•Positioned as a trusted bank-backed full-service option. •In this source extract, no single numeric overall rating is explicitly listed.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.
Investment Options	•Equity and derivatives •Mutual funds and SIP	•Equity cash •F&O
Order Types Offered	•Standard order types on mobile/web/desktop •GTD support referenced in app features	•Standard equity and derivatives order types •Intraday and delivery order handling
Suitable For (Investor Type)	•Users who want banking + Demat + trading linkage. •Investors needing research-backed and branch-enabled service.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.
Pros and Cons	•Pros: •Strong 3-in-1 ecosystem with Axis Bank integration.	•Pros: •Very competitive flat-fee structure.

Detailed Comparison

Basic Details

AxisDirect	Fyers
•Broker Type: Full-service broker (Axis Securities) •Founded: 2005 •SEBI Registration: INZ000161633 •NSE Member Code: 14816 •Net Worth: Rs 1804.95 Cr	•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr

Charges & AMC

AxisDirect	Fyers
•Demat Account Opening: Rs 0 •Demat AMC: Rs 750 per year (first year free in listed offer) •Plan-based fee structure applies (for example Elite/Platinum plans)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)

Brokerage

AxisDirect	Fyers
•Brokerage is plan based. •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order. •Platinum Plan example: Delivery 0.07%, Intraday 0.01%, Futures 0.01%, Options Rs 10/order.	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order

Other Charges

AxisDirect	Fyers
•MTF interest is plan dependent. •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.

Leverage (Margin)

AxisDirect	Fyers
•E-Margin (T+240) proposition is highlighted. •Margin Trading Facility interest rates vary by plan.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.

Features

AxisDirect	Fyers
•Axis Bank-backed 3-in-1 integration. •30+ product access including unlisted shares and SLBM. •Research-backed ideas and advisory support. •Relationship manager support for premium users.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.

Trading Platforms

AxisDirect	Fyers
•Axis Direct Investor App •Axis Direct Trader App •Trader EXE desktop terminal •NXTOptions, Greeksoft, Spider, and allied advanced tools	•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal

Reviews & Ratings

AxisDirect	Fyers
•Positioned as a trusted bank-backed full-service option. •In this source extract, no single numeric overall rating is explicitly listed.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

AxisDirect	Fyers
•Equity and derivatives •Mutual funds and SIP •IPO, ETF, NCD, fixed income •Commodities, insurance, tax-saving products, unlisted stocks	•Equity cash •F&O •Currency derivatives •Mutual funds (direct)

Order Types Offered

AxisDirect	Fyers
•Standard order types on mobile/web/desktop •GTD support referenced in app features •Advanced derivatives and options workflow tools	•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

AxisDirect	Fyers
•Users who want banking + Demat + trading linkage. •Investors needing research-backed and branch-enabled service. •Traders who prefer premium pro tools with plan-based pricing.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

AxisDirect	Fyers
•Pros: •Strong 3-in-1 ecosystem with Axis Bank integration. •Rich research and platform coverage. •Multiple plans for different trading styles. •Cons: •Pricing is less simple than flat-fee discount brokers. •Higher fixed plan fees may not suit very low-activity users.	•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.