Fyers vs Axis Direct | Broker Comparison

Fyers vs Axis Direct

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

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 ...

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...

Side-by-Side Compare Table

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

Detailed Comparison

Basic Details

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

Charges & AMC

Fyers	AxisDirect
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)	•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)

Brokerage

Fyers	AxisDirect
•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	•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.

Other Charges

Fyers	AxisDirect
•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.	•MTF interest is plan dependent. •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.

Leverage (Margin)

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

Features

Fyers	AxisDirect
•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.	•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.

Trading Platforms

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

Reviews & Ratings

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

Investment Options

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

Order Types Offered

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

Suitable For (Investor Type)

Fyers	AxisDirect
•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•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.

Pros and Cons

Fyers	AxisDirect
•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.	•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.

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.