Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of Upstox ranges between Rs 20. ICICIDirect is a Full Service Broker where Upstox is a Discount Broker. ICICIDirect is having overall lower rating compare to Upstox. ICICIDirect is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for ICICIDirect is 26,86,765. Upstox is serving more customer compare to ICICIDirect.
Here we present side-by-side comparison of ICICIDirect vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of ICICIDirect vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared ICICIDirect vs Upstox's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Full Service Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE, MCX|
|Broker Overview||ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...||One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.|
Comparison of ICICIDirect with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where ICICIDirect charges Rs 300 per annum AMC for Demat account.
|Trading Account Opening Fees||Free||Promotion offer: Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 per annum||Free|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where Upstox doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others
|Brokerage Charges Compare||ICICIDirect||Upstox|
|Plan Name||NEO Flat Discount Brokerage Plan||Max Rs 20 Per Order Trading Plan|
|Equity Delivery||0.55%||2.5% or Rs 20 whichever is lower|
|Equity Intraday||Flat Rs. 20 per order||0.05% or Rs 20 whichever is lower|
|Equity Futures||Free (Rs. 0 brokerage)||0.05% or Rs 20 whichever is lower|
|Equity Options||Flat Rs. 20 per order||Flat Fee Rs 20|
|Currency Futures||Flat Rs. 20 per order||0.05% or Rs 20 whichever is lower|
|Currency Options||Flat Rs. 20 per order||Flat Fee Rs 20|
|Commodity Trading||Flat Rs. 20 per order||Flat Fee Rs 20|
|Minimum Brokerage||Rs 35 per trade||NIL|
|Hidden Charges||Yes||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||First 20 call free and Rs 25 there onwards.||Rs 20 Per Executable Order|
|Auto Square off Charges||First 20 call free and Rs 25 there onwards.||Rs 20 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for Upstox|
Compare ICICIDirect with Upstox on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||Upstox|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 210 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5500 Per Cr|
|Currency Futures||Rs 100 Per Cr||Rs 150 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 6000 Per Cr|
|Commodity||NA||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for icicidirect||Complete Brokerage Plans for upstox|
Compare ICICIDirect with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Upstox offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where Upstox doesn't offers NRI Trading.
|Account Features Compare||ICICIDirect||Upstox|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
|Trading Platform Compare||ICICIDirect||Upstox|
|Desktop Trading Platform||Trade Racer||Upstox Pro|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||https://pro.upstox.com/|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||ICICI direct Mobile||Upstox|
|Mobile Trading App Demo||ICICI direct Mobile Demo||Upstox Demo|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod Upstox Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS Upstox Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for ICICIDirect||Equity Intraday and Delivery Brokerage Calculator for Upstox|
|Futures Brokerage Calculator||Futures Brokerage Calculator for ICICIDirect||Futures Brokerage Calculator for Upstox|
|Options Brokerage Calculator||Options Brokerage Calculator for ICICIDirect||Options Brokerage Calculator for Upstox|
|Detail||Detail on Trading Platforms for icicidirect||Detail on Trading Platforms for upstox|
Compare ICICIDirect with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Upstox offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Upstox doesn't offer
|Investment Offerings Compare||ICICIDirect||Upstox|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare ICICIDirect with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||ICICIDirect||Upstox|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare ICICIDirect with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||ICICIDirect||Upstox|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||1860 123 1122||+91 22 6130 9999|
|Account Opening Process||Online||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
Compare ICICIDirect with Upstox on research reports and tips provided by the broker.
Compare ICICIDirect with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Upstox is ₹300 PA where for ICICIDirect is ₹700 pa.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading â€“ when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹700 pa||₹300 PA|
|Advance Deposit||Rs. 7500/- , If the client is not having ICICI BANK Account||NIL|
|Transaction Charges on Debit (Per ISIN)||0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges)||₹13 + ₹5.50 CDSL charges|
|Demat||₹50 per set up||₹20 + ₹50 courier charges|
|Remat||₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction||₹100 for every hundred securities or ₹25 per certificate (whichever is higher)|
|Pledge Creation||0.02% (Min ₹35 and Max ₹25,000)||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Creation Confirmation||0.02% (Min ₹35 and Max ₹25,000)||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Closure||0.02% (Min ₹35 and Max ₹25,000)||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Closure Confirmation||0.02% (Min ₹35 and Max ₹25,000)||0.02% of the transaction value (Min ₹50) + CDSL charges|
|Pledge Invocation||0.02% (Min ₹35 and Max ₹25,000)||0.05% of the transaction value (Min ₹50)|
|Failed Instruction Charges||₹30 per transaction||₹50|
Compare ICICIDirect with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Instant to ICICI Bank.||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Info Not Available||Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.|
|Bank Detail||Direct from your ICICI bank account.||HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
|Special Offers/Promo||Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.||Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs|
|Enquiry||Open Zerodha Account Now>>||Open Upstox Account Now>>|
Last Updated on 2022-12-20T01:09:17+00:00
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