Axis Direct vs FYERS Securities

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

Axis Direct
Axis Direct
Full-Service Broker · since 2006
VS
FYERS Securities
Discount Broker · since 2015
FYERS Securities

Axis Direct vs FYERS Securities — quick verdict

Choose Axis Direct if

You want research and offline support

Invest Right. Invest Now.

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Company overview

Axis Direct is a full-service broker incorporated in 2006; FYERS Securities is a discount broker incorporated in 2015.

ParameterAxis DirectFYERS Securities
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX · MSEI NSE · BSE · MCX
Year of incorporation 2006 older 2015
Number of branches 4,800+ wider 98+
Active clients 14 Lakh+ larger 10 Lakh+

Charges & AMC

Account-opening and maintenance charges for Axis Direct and FYERS Securities compared side by side.

ParameterAxis DirectFYERS Securities
Trading a/c opening ₹0 (Online) ₹0
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 (1st Year), ₹750 + GST per year thereafter ₹0 lower
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) ₹12.5 + GST per ISIN on sell transactions lower

Brokerage charges

How Axis Direct and FYERS Securities price each trading segment, per executed order.

ParameterAxis DirectFYERS Securities
Equity Delivery 0.50% ₹0 (Free)
Equity Intraday 0.05% ₹20 or 0.03% per executed order (whichever is lower)
Equity Futures 0.05% ₹20 or 0.03% per executed order (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.05% ₹20 or 0.03% per executed order (whichever is lower)
Commodity F&O 0.05% ₹20 or 0.03% per executed order (whichever is lower)
Call & Trade ₹20 per executed order ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Axis Direct and FYERS Securities, per segment.

ParameterAxis DirectFYERS Securities
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 Axis Direct and FYERS Securities — AMC, debit transactions, pledging and remat.

ParameterAxis DirectFYERS Securities
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 (1st Year), ₹750 + GST per year thereafter ₹0
Debit Transaction Charges ₹15.93 per debit transaction (including GST) ₹12.5 + GST per ISIN on sell transactions
Pledge / Unpledge Charges ₹50 + GST per request ₹12.5 + GST per ISIN
Dematerialisation (Demat) ₹50 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹50 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Axis Direct and FYERS Securities.

ParameterAxis DirectFYERS Securities
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 (Sell) Premium Value (Not Applicable) Premium Value (Not Applicable)
Currency Futures & Options 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 Axis Direct and FYERS Securities.

ParameterAxis DirectFYERS Securities
3-in-1 account ✓ Yes better ✕ No
Automated / API trading ✕ No ✓ Yes better
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes better ✕ No
Trading platforms Axis Direct Web, Axis Direct Mobile App, Fast Trade FYERS Web, FYERS Mobile App, FYERS One
Intraday square-off 3:15 PM 3:15 PM
Other Research Recommendations, Smart Edge Reports, Basket Orders, Price Alerts, Advanced Charting, Option Chain, Margin Trading Facility (MTF), Portfolio Tracker, Watchlists TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF)

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Axis Direct and FYERS Securities.

ParameterAxis DirectFYERS Securities
Trading platforms offered Axis Direct Web, Axis Direct Mobile App, Fast Trade FYERS Web, FYERS Mobile App, FYERS One
Number of platforms 3 3
Platforms (summary) Axis Direct Web, Axis Direct Mobile App, Fast Trade FYERS Web, FYERS Mobile App, FYERS One
Mobile / desktop apps Web Trading Platform, Mobile Trading App, Desktop Trading Software Web, Mobile, Desktop

User ratings

User ratings for Axis Direct and FYERS Securities across the key parameters.

Rated onAxis DirectFYERS Securities
Fees 4 4.9 better
Brokerage 4.1 4.9 better
Trading platform 4.6 4.9 better
Customer service 4.5 better 4.4
Research 4.8 better 4.2
Overall 4.4 4.7 better

Investment options

Which investment products Axis Direct and FYERS Securities let you access.

ParameterAxis DirectFYERS Securities
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 Axis Direct and FYERS Securities.

ParameterAxis DirectFYERS Securities
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 Axis Direct and FYERS Securities.

ParameterAxis DirectFYERS Securities
SEBI registration INZ000250138 INZ000166137
NSE member code 12798 12768
Year of incorporation 2006 longer track record 2015
Net worth ₹1,639.08 Cr stronger ₹1,348+ Cr
Exchange memberships NSE · BSE · MCX · MSEI NSE · BSE · MCX
Latest complaint ratio 0.002% 0.002%

Complaints record

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

ParameterAxis DirectFYERS Securities
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 14,18,214 larger base 10,87,436
Complaints filed 22 —
Complaint ratio 0.002% 0.002%

Pros & cons

The main advantages and drawbacks of each broker.

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.
FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
Open Axis Direct Account Open FYERS Securities Account

Explore more comparisons

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 5paisa Axis Direct vs Choice Broking Axis Direct vs m.Stock Axis Direct vs Sahi Axis Direct vs SMC Global Axis Direct vs Anand Rathi Axis Direct vs Jainam Broking Limited

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs 5paisa FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities 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.