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Comparision (Upstox VS ICICI Direct)

 

Upstox Vs ICICI Direct

Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs ICICI Direct - Broker Details

Upstox ICICI Direct
Single Margin Facility
Year of Incorporation 2009 1995
Exchanges BSE, NSE and MCX BSE and NSE.
Branches Zero 250+
Brokerage ₹20/ Order or 0.05% (Whichever is lower) Prime Plan: ₹900/-
Broker Type Discount Broker Full service Broker

Upstox Vs ICICI Direct - Account Opening & AMC Charges

Upstox ICICI Direct
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹0 (Free) ₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC ₹0 (Free) ₹0 (Free)

Upstox Vs ICICI Direct - Brokerage charges & Plans

Upstox ICICI Direct
Commodity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Currency Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Equity Delivery ₹20/ Order or 2.5% (whichever is lower) ₹0.09%
Equity Options ₹20/ Order ₹20/ Order
Commodity Options ₹20/ Order ₹20/ Order
Equity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Currency Options ₹20/ Order ₹20/ Order
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order

Upstox Vs ICICI Direct - Other Charges

Upstox ICICI Direct
RMS Square Off Charge (₹50 + GST) ₹50/ Order
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges (₹50 + GST) ₹50/ Order
Other Brokerage Charges ₹20/ Order or 0.05% ( Whichever is lower) Prime Plan: ₹900/-
Minimum Brokerage ₹20/ Order ₹20/ Order

Upstox Vs ICICI Direct - Transaction Charges

Upstox ICICI Direct
Currency Options NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% Exchange turnover charge: 0.04% |Clearing charge: 0.025%
Equity Futures NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% NSE: 0.002%
Equity Intraday NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group NSE: 0.00345% | BSE: 0.00345%
Equity Options NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% NSE: 0.053%
Commodity Non-Agri: Exchange turnover charge: 0.0026% Non-Agri: Exchange turnover charge: 0.0026%
Currency Futures NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% Exchange turnover charge: 0.0009% | Clearing charge: 0.0004%
Equity Delivery NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group 0.00345% trade on buy & sell

Upstox Vs ICICI Direct - Margin (Exposure)

Upstox ICICI Direct
Equity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margins(SPAN + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (100% of trade value)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)

Upstox Vs ICICI Direct - Features

Upstox ICICI Direct
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App.
SMS Alerts for Trades
Direct Mutual Fund

Upstox Vs ICICI Direct - Review & Rating

Upstox ICICI Direct
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
Call Back Open Account Call Back Open Account

Upstox Vs ICICI Direct - Request a call back from Broker

Upstox ICICI Direct

Upstox Vs ICICI Direct - Investment Options

Upstox ICICI Direct
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD

Upstox Vs ICICI Direct - Order Type

Upstox ICICI Direct
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT

Upstox Vs ICICI Direct - Research & Report

Upstox ICICI Direct
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts

Upstox Vs ICICI Direct - Daily Market Report

Upstox ICICI Direct
Daily Market Reports & News

Upstox Vs ICICI Direct - Suitable For Investor

Upstox ICICI Direct
Casual Investor
Active Investor
Trader

Upstox Vs ICICI Direct - Pros & Cons

Upstox ICICI Direct
Pros 1.Brokerage free trading in Equity delivery segment. 2. For customers convenience, mobile trading app is available. 3. Both web and mobile has After Market Order (AMO), (CO) or (OCO) order. 4. Availability of stop loss in both web and mobile. 5. Availability of multiple indicators to monitor market. 6. Upstox bridge for Amibroker helps to code and execute the trading strategies. 7. Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. 8.Availability of Margin against shares. 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE.
Cons 1. Unavailability of unlimited monthly trading plans. 2.Extra charge of call and trade fee on per executed order. 3. In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. 4. No provision for stock tips and recommendations. 5. Unavailability of 3 in 1 account. 6. Customer support is time constraint. 7.Unavailability of margin funding on delivery trades. 1. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month.

Upstox Vs ICICI Direct - Background

Upstox ICICI Direct

Upstox Vs ICICI Direct - Compare All Brokers

Upstox ICICI Direct

Upstox Vs ICICI Direct - STT/CTT

Upstox ICICI Direct
Commodity Futures 0.01% on sell trade (Non-Agri) 0.01% on sell side (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
Equity Options 0.05% only on sell 0.05% on Sell Side(on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both Buy and Sell
Equity Futures 0.01% only on sell 0.01% on Sell Side
Commodity Options 0.05% on sell trade 0.05% on sell side

Upstox Vs ICICI Direct - Demat transaction charges

Upstox ICICI Direct
Equity Demat Transaction Charges Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000)

Upstox Vs ICICI Direct - GST

Upstox ICICI Direct
Equity/Currencies/Commodities ( Delivery & FNO) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Upstox Vs ICICI Direct - SEBI Charges

Upstox ICICI Direct
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/Crore

Upstox Vs ICICI Direct - Account Opening & AMC Charges

Upstox
ICICI Direct
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC
₹0 (Free)
₹0 (Free)
 
Call Back Open Account
Call Back Open Account

Upstox Vs ICICI Direct

Upstox ICICI Direct
 

Upstox Review 2024 - Brokerage Charges, Account Opening, Margin

Upstox (which was earlier known as RKSV securities) is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix.

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ICICI Direct Review | Brokerage Charges, Account Opening

With ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.
 
 

ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs ICICI Direct - Brokerage charges & Plans

Upstox ICICI Direct
Commodity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Currency Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Equity Delivery ₹20/ Order or 2.5% (whichever is lower) ₹0.09%
Equity Options ₹20/ Order ₹20/ Order
Commodity Options ₹20/ Order ₹20/ Order
Equity Futures ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Currency Options ₹20/ Order ₹20/ Order
Fixed Charges ₹20/ Order ₹20/ Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) ₹20/ Order
Call Back Open Account Call Back Open Account

Upstox Vs ICICI Direct - Margin (Exposure)

Upstox ICICI Direct
Equity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margins(SPAN + Exposure) 1x (100% of NRML margin (Span + Exposure)
Commodity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (100% of trade value)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Call Back Open Account

Upstox Vs ICICI Direct - Other Charges

Upstox ICICI Direct
RMS Square Off Charge (₹50 + GST) ₹50/ Order
API Charges ₹0 (Free) ₹0 (Free)
Call & Trade Charges (₹50 + GST) ₹50/ Order
Other Brokerage Charges ₹20/ Order or 0.05% ( Whichever is lower) Prime Plan: ₹900/-
Minimum Brokerage ₹20/ Order ₹20/ Order

Upstox Vs ICICI Direct - STT/CTT

Upstox ICICI Direct
Commodity Futures 0.01% on sell trade (Non-Agri) 0.01% on sell side (Non-Agri)
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
Equity Options 0.05% only on sell 0.05% on Sell Side(on Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both Buy and Sell
Equity Futures 0.01% only on sell 0.01% on Sell Side
Commodity Options 0.05% on sell trade 0.05% on sell side

Upstox Vs ICICI Direct - Demat transaction charges

Upstox ICICI Direct
Equity Demat Transaction Charges Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000)

Upstox Vs ICICI Direct - GST

Upstox ICICI Direct
Equity/Currencies/Commodities ( Delivery & FNO) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Upstox Vs ICICI Direct - SEBI Charges

Upstox ICICI Direct
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/Crore

Upstox Vs ICICI Direct - Features

Upstox ICICI Direct
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM
Trading Platform 1.Pro Web (Web-based trading platform) 2.Pro Mobile (mobile trading application) 3.Algo Lab (bridge for Amibroker) 4.Option Strategy Builder 5.Order Generator 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App.
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account

Upstox

ICICI Direct