Axis Direct vs Paytm Money

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
Paytm Money
Discount Broker · since 2017
Paytm Money

Axis Direct vs Paytm Money — quick verdict

Choose Axis Direct if

You want research and offline support

Invest Right. Invest Now.

Choose Paytm Money if

You want low-cost, self-directed trading

Invest in stocks, F&O, mutual funds and IPOs with zero lifetime AMC and a technology-first trading platform.

Company overview

Axis Direct is a full-service broker incorporated in 2006; Paytm Money is a discount broker incorporated in 2017.

ParameterAxis DirectPaytm Money
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX · MSEI NSE · BSE · MCX · NCDEX · MSEI
Year of incorporation 2006 older 2017
Number of branches 4,800+ wider 0
Active clients 14 Lakh+ larger 21 Million+ Users*

Charges & AMC

Account-opening and maintenance charges for Axis Direct and Paytm Money compared side by side.

ParameterAxis DirectPaytm Money
Trading a/c opening ₹0 (Online) ₹0 (Free)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹0 (1st Year), ₹750 + GST per year thereafter ₹0 (Lifetime Free) lower
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) lower ₹20 per debit transaction

Brokerage charges

How Axis Direct and Paytm Money price each trading segment, per executed order.

ParameterAxis DirectPaytm Money
Equity Delivery 0.50% ₹20 per executed order
Equity Intraday 0.05% ₹20 per executed order
Equity Futures 0.05% ₹20 per executed order or 0.02% (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.05% ₹20 per executed order
Commodity F&O 0.05% ₹20 per executed order
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 Paytm Money, per segment.

ParameterAxis DirectPaytm Money
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: 0.0311% (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 Paytm Money — AMC, debit transactions, pledging and remat.

ParameterAxis DirectPaytm Money
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 (1st Year), ₹750 + GST per year thereafter ₹0 (Lifetime Free)
Debit Transaction Charges ₹15.93 per debit transaction (including GST) ₹20 per sell transaction
Pledge / Unpledge Charges ₹50 + GST per request ₹20 per transaction (Margin pledge/unpledge as per current tariff)
Dematerialisation (Demat) ₹50 per certificate + GST ₹250 per certificate / per scheme
Rematerialisation (Remat) ₹50 per certificate + GST ₹250 per certificate / per scheme
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Axis Direct and Paytm Money.

ParameterAxis DirectPaytm Money
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 Paytm Money.

ParameterAxis DirectPaytm Money
3-in-1 account ✓ Yes better ✕ No
Automated / API trading ✕ No ✓ Yes better
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Axis Direct Web, Axis Direct Mobile App, Fast Trade Paytm Money Web, Paytm Money App
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, Basket Orders, Option Chain, Stock SIP, Price Alerts, ETF Investing, NPS, Margin Trading Facility (MTF), eDIS

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Axis Direct and Paytm Money.

ParameterAxis DirectPaytm Money
Trading platforms offered Axis Direct Web, Axis Direct Mobile App, Fast Trade Paytm Money Web, Paytm Money App, TradingView Charts
Number of platforms 3 3
Platforms (summary) Axis Direct Web, Axis Direct Mobile App, Fast Trade Paytm Money Web, Paytm Money App
Mobile / desktop apps Web Trading Platform, Mobile Trading App, Desktop Trading Software Web, Mobile, Integrated Charting

User ratings

User ratings for Axis Direct and Paytm Money across the key parameters.

Rated onAxis DirectPaytm Money
Fees 4 4.8 better
Brokerage 4.1 4.8 better
Trading platform 4.6 better 4.5
Customer service 4.5 better 4.1
Research 4.8 better 3.8
Overall 4.4 4.4

Investment options

Which investment products Axis Direct and Paytm Money let you access.

ParameterAxis DirectPaytm Money
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 Paytm Money.

ParameterAxis DirectPaytm Money
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 Paytm Money.

ParameterAxis DirectPaytm Money
SEBI registration INZ000250138 INZ000240532
NSE member code 12798 90165
Year of incorporation 2006 longer track record 2017
Net worth ₹1,639.08 Cr stronger ₹366.98 Cr
Exchange memberships NSE · BSE · MCX · MSEI NSE · BSE · MCX · NCDEX · MSEI
Latest complaint ratio 0.002% 0.002%

Complaints record

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

ParameterAxis DirectPaytm Money
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 14,18,214 larger base 765,696
Complaints filed 22 14
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.
Paytm Money

▲ Pros

  • ✓ Zero lifetime Demat AMC.
  • ✓ Competitive flat brokerage across trading segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, IPOs, mutual funds, ETFs, bonds, and NPS.
  • ✓ Modern web and mobile trading platforms with advanced charting.
  • ✓ GTT orders, Basket Orders, Stock SIP, and Margin Trading Facility available.

▼ Cons

  • ✕ Limited offline branch network.
  • ✕ Research and advisory services are not as comprehensive as full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ No dedicated desktop trading software.
  • ✕ Customer support response time may vary during peak market hours.
Open Axis Direct Account Open Paytm Money 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 Mirae Asset Sharekhan Axis Direct vs 5paisa 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

Compare Paytm Money with

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