5paisa vs Axis Direct

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
Axis Direct
Full-Service Broker · since 2006
Axis Direct

5paisa vs Axis Direct — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose Axis Direct if

You want research and offline support

Invest Right. Invest Now.

Company overview

5paisa is a discount broker incorporated in 2007; Axis Direct is a full-service broker incorporated in 2006.

Parameter5paisaAxis Direct
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · MSEI
Year of incorporation 2007 2006 older
Number of branches 20+ Branches 4,800+ wider
Active clients 38 Lakh+ larger 14 Lakh+

Charges & AMC

Account-opening and maintenance charges for 5paisa and Axis Direct compared side by side.

Parameter5paisaAxis Direct
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year lower ₹0 (1st Year), ₹750 + GST per year thereafter
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST) lower

Brokerage charges

How 5paisa and Axis Direct price each trading segment, per executed order.

Parameter5paisaAxis Direct
Equity Delivery ₹20 per executed order 0.50%
Equity Intraday ₹20 per executed order 0.05%
Equity Futures ₹20 per executed order 0.05%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order 0.05%
Commodity F&O ₹20 per executed order 0.05%
Call & Trade ₹100 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and Axis Direct, per segment.

Parameter5paisaAxis Direct
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for 5paisa and Axis Direct — AMC, debit transactions, pledging and remat.

Parameter5paisaAxis Direct
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹0 (1st Year), ₹750 + GST per year thereafter
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges ₹20 + GST per request ₹50 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹50 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹50 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and Axis Direct.

Parameter5paisaAxis Direct
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across 5paisa and Axis Direct.

Parameter5paisaAxis Direct
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Axis Direct Web, Axis Direct Mobile App, Fast Trade
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Research Recommendations, Smart Edge Reports, Basket Orders, Price Alerts, Advanced Charting, Option Chain, Margin Trading Facility (MTF), Portfolio Tracker, Watchlists

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and Axis Direct.

Parameter5paisaAxis Direct
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Axis Direct Web, Axis Direct Mobile App, Fast Trade
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Axis Direct Web, Axis Direct Mobile App, Fast Trade
Mobile / desktop apps Web, Mobile, Desktop Web Trading Platform, Mobile Trading App, Desktop Trading Software

User ratings

User ratings for 5paisa and Axis Direct across the key parameters.

Rated on5paisaAxis Direct
Fees 4.8 better 4
Brokerage 4.9 better 4.1
Trading platform 4.5 4.6 better
Customer service 4.2 4.5 better
Research 4 4.8 better
Overall 4.5 better 4.4

Investment options

Which investment products 5paisa and Axis Direct let you access.

Parameter5paisaAxis Direct
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and Axis Direct.

Parameter5paisaAxis Direct
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and Axis Direct.

Parameter5paisaAxis Direct
SEBI registration INZ000010651 INZ000250138
NSE member code 11104 12798
Year of incorporation 2007 2006 longer track record
Net worth ₹1,201.91 Cr ₹1,639.08 Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · MSEI
Latest complaint ratio 0.002 0.002%

Complaints record

Exchange complaint data for 5paisa and Axis Direct — the ratio matters more than the raw count.

Parameter5paisaAxis Direct
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 16,82,541 larger base 14,18,214
Complaints filed 29 22
Complaint ratio 0.002 0.002%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
Axis Direct

▲ Pros

  • ✓ Backed by Axis Bank, one of India's leading private sector banks.
  • ✓ Convenient 3-in-1 Account for seamless banking and investing.
  • ✓ Comprehensive research reports and expert investment recommendations.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, bonds, and more.
  • ✓ Advanced web and mobile trading platforms.
  • ✓ Strong customer support with a nationwide branch network.

▼ Cons

  • ✕ Brokerage charges are higher than most discount brokers.
  • ✕ Annual Demat AMC is applicable after the introductory period.
  • ✕ Premium research and advisory services may be suited more for long-term investors.
  • ✕ Some brokerage plans vary based on customer profile and relationship.
  • ✕ Call & Trade charges are applicable.
  • ✕ Budget-conscious traders may find discount brokers more economical.
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Compare Axis Direct with

Axis Direct vs Zerodha Axis Direct vs Angel One Axis Direct vs Upstox Axis Direct vs Groww Axis Direct vs ICICI Direct Axis Direct vs Kotak Neo Axis Direct vs HDFC Securities Axis Direct vs SBI Securities Axis Direct vs Motilal Oswal Axis Direct vs Paytm Money Axis Direct vs Mirae Asset Sharekhan Axis Direct vs Choice Broking Axis Direct vs m.Stock Axis Direct vs Sahi Axis Direct vs FYERS Securities Axis Direct vs SMC Global Axis Direct vs Anand Rathi Axis Direct vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.