In this page, I am providing side by side comparison of AxisDirect Vs FYERS.
AxisDirect is a brokerage arm of Axisbank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.
FYERS falls in Discount Broker category. Hence they offer limited services but charges flat brokerage charges They are located at Bengaluru.
There are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of AxisDirect Vs FYERS:
Parameters | Axis Direct | FYERS |
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| Review | ||
| Type of Broker |
Full Service Broker |
Discount Broker |
| Incorporation Year | 2006 | 2015 |
| Supported Exchanges | NSE, BSE, MSEI and MCX | NSE, BSE |
Account Related Charges |
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| Trading Account Opening Fees | Rs 999 | Rs 0 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 420 | Rs 0 |
| Demat Account AMC | Rs 650 | Rs 400 |
Brokerage Charges |
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| Equity Delivery Brokerage | 0.3% | Rs 20 per executed order |
| Equity Intraday Brokerage | 0.05% | Rs 20 per executed order |
| Equity Futures Brokerage | 0.05% | Rs 20 per executed order |
| Equity Options Brokerage | Rs 100/lot | Rs 20 per executed order |
| Currency Futures Trading Brokerage | 0.05% | Rs 20 per executed order |
| Currency Options Trading Brokerage | Rs 100/lot | Rs 20 per executed order |
| Commodity Trading Brokerage | NA | NA |
| Minimum Brokerage Charges | Rs 20 per trade or 2.5% whichever is lower | NIL |
| Monthly Unlimited Plans |  | |
| Brokerage Calculator | Axis Direct Calculator | FYERS Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.00325% | 0.00325% |
| Equity Intraday | 0.00325% | 0.00325% |
| Equity Futures | 0.00190% | 0.00240% |
| Equity Options | 0.050% (On Premium) | 0.059% (On Premium) |
| Currency Futures | 0.00190% | 0.0024% |
| Currency Options | 0.050% (On Premium) | 0.059% (On Premium) |
| Commodity | NA | NA |
Exposure |
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| Equity | Upto 10 times Intraday and No Leverage for Delivery | Upto 15 times Intraday and 3 to 5 times for Delivery |
| Equity Futures | No Leverage | upto 5 times |
| Equity Options | No leverage | upto 5 times |
| Currency Futures | No Leverage | upto 5 times |
| Currency Options | No leverage | upto 5 times |
| Commodities | NA | NA |
Features |
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| 3 in 1 Account |  | |
| Mobile Trading | | |
| Charting | | |
| Automated Trading | | |
| After Trading Hour Orders | | |
| SMS Alerts | | |
| Margin Funding | | |
| Trading Platform | Axis SwiftTrade, AxisDirect Trade, Mobile Trade | FYERS One, FYERS market and FYERS Web |
Investment Services |
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| Stock / Equity | | |
| Commodity | | |
| Currency | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
Customer Service Channels |
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| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Support Through Branches | | |
| Relationship Managers | | |
Research Reports/Tips/Recommendations |
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| Daily Market Report | | |
| Tips/Recommendations | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
| Robo Advisory | | |
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of Axis Direct with other Brokers:
AxisDirect in comparison with other Stock Brokers |
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Point By Point Comparison of FYERS with other Brokers:
FYERS in comparison with other Stock Brokers |
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You can compare any two stock brokers of your choice by visiting Comparison of Stock Brokers in India page