Upstox Vs Nirman Broking
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.
Nirman Broking
Nirman Broking Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs Nirman Broking - Broker Details
| Upstox | Nirman Broking | |
|---|---|---|
| Single Margin Facility |
|
|
| Year of Incorporation | 2009 | 1987 |
| Exchanges | BSE, NSE and MCX | BSE, NSE, MCX and NCDEX |
| Branches | Zero | 20 |
| Brokerage | ₹20/ Order or 0.05% (Whichever is lower) | ₹20 per executed order or 0.05% |
| Broker Type | Discount Broker | Full Service Broker |
| Call Back Open Account |
Upstox Vs Nirman Broking - Account Opening & AMC Charges
| Upstox | Nirman Broking | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹360 + GST per year |
| Trading Account AMC | ₹0 (Free) | N/A |
| Call Back Open Account |
Upstox Vs Nirman Broking - Brokerage charges & Plans
| Upstox | Nirman Broking | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed per order or 0.05% |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | ₹20 or 2.5% |
| Equity Options | ₹20/ Order | Flat ₹20 per executed per order |
| Commodity Options | ₹20/ Order | Flat ₹20 per executed per order |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% |
| Currency Options | ₹20/ Order | Flat ₹20 per executed per order |
| Fixed Charges | ₹20/ Order | ₹20 per executed order or 0.05% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% |
| Call Back Open Account |
Upstox Vs Nirman Broking - Other Charges
| Upstox | Nirman Broking | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹20 per order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹20 per order |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | ₹20 per executed order or 0.05% |
| Minimum Brokerage | ₹20/ Order | ₹20 per executed order or 0.05% |
| Call Back Open Account |
Upstox Vs Nirman Broking - Transaction Charges
| Upstox | Nirman Broking | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | NSE ₹500/Cr (0.005%) (on premium) |
| Equity Futures | NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% | NSE: ₹200/Cr (0.0019%) |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | NSE: ₹345/Cr (0.00325%) |
| Equity Options | NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% | NSE ₹5000/Cr (0.05%) (on premium) |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | N/A |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE ₹120/Cr (0.0012%) |
| Equity Delivery | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | NSE: ₹345/Cr (0.00325%) |
| Call Back Open Account |
Upstox Vs Nirman Broking - Margin (Exposure)
| Upstox | Nirman Broking | |
|---|---|---|
| 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) | 6x (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 Nirman Broking - Features
| Upstox | Nirman Broking | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | 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. Nirman Profit Plus Mobile App, 2. Profit Plus Web Portal, 3. Nirman Profit Plus Desktop Software |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Review & Rating
| Upstox | Nirman Broking | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Upstox Vs Nirman Broking - Request a call back from Broker
| Upstox | Nirman Broking | |
|---|---|---|
| Call Back Open Account |
Upstox Vs Nirman Broking - Investment Options
| Upstox | Nirman Broking | |
|---|---|---|
| Currency |
|
|
| IPO |
|
|
| Commodity |
|
|
| Debt |
|
|
| Other Options |
|
|
| Stock Cash / Equity |
|
|
| Mutual Funds |
|
|
| Bond / NCD |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Order Type
| Upstox | Nirman Broking | |
|---|---|---|
| Bracket Order/BO/OCO |
|
|
| BTST |
|
|
| Cover Order/CO |
|
|
| Good Till Cancelled (GTC) |
|
|
| BUY ABOVE/SELL BELOW (SL-M) |
|
|
| After Market Order(AMO) |
|
|
| STBT |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Research & Report
| Upstox | Nirman Broking | |
|---|---|---|
| Free Tips |
|
|
| Quarterly Result Analysis |
|
|
| Daily Market Report |
|
|
| News Alerts |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Daily Market Report
| Upstox | Nirman Broking | |
|---|---|---|
| Daily Market Reports & News |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Suitable For Investor
| Upstox | Nirman Broking | |
|---|---|---|
| Casual Investor |
|
|
| Active Investor |
|
|
| Trader |
|
|
| Call Back Open Account |
Upstox Vs Nirman Broking - Pros & Cons
| Upstox | Nirman Broking | |
|---|---|---|
| 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. Wide Range of Financial Products, 2. User-Friendly Platform 3. Excellent customer service and support, 4. Wide range of investment products and options, 5. Competitive pricing and low fees. 6. Competitive Pricing |
| 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. Market volatility and potential investment risks, 2. Technology Issues 3. Dependency on market conditions and economic factors, |
| Call Back Open Account |
Upstox Vs Nirman Broking - Background
| Upstox | Nirman Broking | |
|---|---|---|
| Call Back Open Account |
Upstox Vs Nirman Broking - Compare All Brokers
| Upstox | Nirman Broking | |
|---|---|---|
| Call Back Open Account |
Upstox Vs Nirman Broking - STT/CTT
| Upstox | Nirman Broking | |
|---|---|---|
| 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 | 0.025% on the Sell Side |
| 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 buy & 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 |
| Call Back Open Account |
Upstox Vs Nirman Broking - Demat transaction charges
| Upstox | Nirman Broking | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹10 + GST per scrip only on sell |
| Call Back Open Account |
Upstox Vs Nirman Broking - GST
| Upstox | Nirman Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Upstox Vs Nirman Broking - SEBI Charges
| Upstox | Nirman Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Upstox Vs Nirman Broking - Account Opening & AMC Charges
Upstox
Nirman Broking
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹360 + GST per year
Trading Account AMC
₹0 (Free)
N/A
Upstox Vs Nirman Broking
| Upstox | Nirman Broking | |
|---|---|---|
Upstox Review 2024 - Brokerage Charges, Account Opening, MarginUpstox (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. |
Nirman Broking Account Opening Process and Charges |
|
|
|
|
|
Nirman Broking
Nirman Broking Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs Nirman Broking - Brokerage charges & Plans
| Upstox | Nirman Broking | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed per order or 0.05% |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | ₹20 or 2.5% |
| Equity Options | ₹20/ Order | Flat ₹20 per executed per order |
| Commodity Options | ₹20/ Order | Flat ₹20 per executed per order |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% |
| Currency Options | ₹20/ Order | Flat ₹20 per executed per order |
| Fixed Charges | ₹20/ Order | ₹20 per executed order or 0.05% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% |
| Call Back Open Account |
Upstox Vs Nirman Broking - Margin (Exposure)
| Upstox | Nirman Broking | |
|---|---|---|
| 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) | 6x (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 Nirman Broking - Other Charges
| Upstox | Nirman Broking | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹20 per order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹20 per order |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | ₹20 per executed order or 0.05% |
| Minimum Brokerage | ₹20/ Order | ₹20 per executed order or 0.05% |
| Call Back Open Account |
Upstox Vs Nirman Broking - STT/CTT
| Upstox | Nirman Broking | |
|---|---|---|
| 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 | 0.025% on the Sell Side |
| 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 buy & 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 |
| Call Back Open Account |
Upstox Vs Nirman Broking - Demat transaction charges
| Upstox | Nirman Broking | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹10 + GST per scrip only on sell |
| Call Back Open Account |
Upstox Vs Nirman Broking - GST
| Upstox | Nirman Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Upstox Vs Nirman Broking - SEBI Charges
| Upstox | Nirman Broking | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Upstox Vs Nirman Broking - Features
| Upstox | Nirman Broking | |
|---|---|---|
| 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 Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | 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. Nirman Profit Plus Mobile App, 2. Profit Plus Web Portal, 3. Nirman Profit Plus Desktop Software |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account |