Compare 3 Brokers

ICICIDirect Vs Upstox: Which one is better?

The brokerage of ICICIDirect Max 0.05 to .55% 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.

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.

Compare ICICIDirect vs Upstox on Service

  ICICIDirect Compare
ICICIDirect
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE BSE, NSE, MCX
Broker Overview ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICIDirect From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICIDirect vs Upstox on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Upstox charges Rs 150 Equity/ Rs 150 Commodity for account opeing. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where Upstox charges Rs 150 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Upstox
Charges ICICIDirect Upstox
Trading Account Opening Fees Free Rs 150 Equity/ Rs 150 Commodity
Trading AMC Free Free
Demat Account Opening Fees Free Rs 150
Demat AMC Rs 600 PA (Waived for 1st year) Rs 150 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Upstox on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - Both the brokers don't have Monthly Plans.

Compare ICICIDirect with Upstox on Plan Options
Plan Types ICICIDirect Upstox
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  ICICIDirect Upstox
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Upstox on Brokerage Charges

ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

Brokerage Charges - Compare ICICIDirect with Upstox
Brokerage Charges Compare ICICIDirect Upstox
Plan Name I-Secure Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.55% or 55 paisa Free
Equity Intraday 0.03% or 3 paisa 0.01% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa Flat Fee Rs 20
Equity Options Rs 95 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa Flat Fee Rs 20
Currency Options Rs 25 Per Lot Flat Fee Rs 20
Commodity Trading NA 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
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Upstox
SPAN Margin Calculator SPAN Margin Calculator for ICICIDirect SPAN Margin Calculator for Upstox
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Share Broker's Transaction Charges

Compare ICICIDirect vs Upstox on Transaction Charges

Compare ICICIDirect with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare ICICIDirect with Upstox
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
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Account Features

Compare ICICIDirect vs Upstox on Account Features

Compare ICICIDirect with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where Upstox offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers margin funding where Upstox doesn't offers margin funding. NRI Trading - both brokers provides NRI Trading facility.

Account Features - ICICIDirect with Upstox
Account Features Compare ICICIDirect Upstox
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs Upstox on Trading Platform

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 link for mobile app to download and demo links for easy access.

Trading Platform - Compare ICICIDirect with Upstox
Trading Platform Compare ICICIDirect Upstox
Desktop Trading Platform Trade Racer DartStock/Nest Trader/Fox Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Upstox
Mobile Trading App Demo ICICI direct Mobile Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare ICICIDirect vs Upstox on User Rating

  ICICIDirect Upstox
  264 Customer Reviews    Rate ICICIDirect 8 Customer Reviews    Rate Upstox
Fees Ratings 2.4 3.3
Trading Brokerage Rating 1.8 3.8
Trading Platform Usability 3.3 3.3
Customer Service Ratings 2.8 3.1
Overall Ratings Rated 2.5 stars Rated 3.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews Upstox is Rated 3.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare ICICIDirect vs Upstox on Investment Offerings

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 brokers 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 brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Upstox doesn't offer

Investment Offerings - Compare ICICIDirect with Upstox
Investment Offerings Compare ICICIDirect Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare ICICIDirect vs Upstox on Order Types

Order Type - Compare ICICIDirect with Upstox on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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) is placed an compulsory stop loss and this is a 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 facility. The orders are send 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 Types - Compare ICICIDirect with Upstox
Order Type Compare ICICIDirect Upstox
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare ICICIDirect vs Upstox on Margin/Leverage

Comapre ICICIDirect with Upstox on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare ICICIDirect with Upstox
Margin Product Compare ICICIDirect Upstox
Equity Delivery Margin ICICIDirect vs Upstox - Equity Delivery Margin No Delivery margin. No Margin/Leverage for Equity Delivery.
Equity Intraday Margin ICICIDirect vs Upstox - Equity Intraday Margin Upto 5x leverage for equity. Up to 15x for Equity Intraday in Base Plan, Up to 20x on Priority Plan.
Futures Margin ICICIDirect vs Upstox - Futures Margin Upto 2x leverage for futures. Up to 4x for Index/Stock future (of NRML Margin), Priority Plan - up to 5x for Index and 4x for Stocks.
Options Margin ICICIDirect vs Upstox - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan - up to 5x for Index and 4x for Stock Options.No leverage on Options Buying.
Equity CO Margin ICICIDirect vs Upstox - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. Up to 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan.
Futures CO Margin ICICIDirect vs Upstox - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Up to 4x for Index/Stock (of NRML Margin) future, Priority Plan - up to 7x for Index and 6x for Stocks.
Options CO Margin ICICIDirect vs Upstox - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan(PP) - up to 5x for Index and 4x for Stock Options, No leverage on Options Buying.
Commodity Margin ICICIDirect vs Upstox - Commodity Margin Info Not Available Up to 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare ICICIDirect vs Upstox on Customer Service

Compare ICICIDirect with Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect with Upstox
Customer Service Compare ICICIDirect Upstox
24/7 Customer Service ICICIDirect vs Upstox - 24x7 customer support No No
Email Support ICICIDirect vs Upstox - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Upstox - Onine Live Chat No Yes
Phone Support ICICIDirect vs Upstox - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Upstox - Toll Free Number No No
Through Branches ICICIDirect vs Upstox - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Upstox - Customer Care Number 33551122 +91 22 6130 9999
Account Opening Process ICICIDirect vs Upstox - Account Opening Process Offline Online/Paperless
Customer Support Email ICICIDirect vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Upstox - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp https://upstox.com/help-center/
Head Office Address ICICIDirect vs Upstox - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website ICICIDirect vs Upstox - Company Website https://www.icicidirect.com https://upstox.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Upstox on Research Reports, Tips

Compare ICICIDirect with Upstox on research reports and tips provided by broker.

Research Reports - Compare ICICIDirect with Upstox
  ICICIDirect Upstox
Research Mutual Funds ICICIDirect vs Upstox - Research Mutual Funds Yes No
Research Equity Reports ICICIDirect vs Upstox - Research Equity Reports Yes No
Research ETF ICICIDirect vs Upstox - Research ETF Yes No
Daily Market Report ICICIDirect vs Upstox - Daily Market Report Yes No
Free Tips ICICIDirect vs Upstox - Free Tips Yes No
Quarterly Result Analysis ICICIDirect vs Upstox - Quarterly Results Yes No
News Alerts ICICIDirect vs Upstox - Yes No
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Demat Account

Compare ICICIDirect vs Upstox on Demat Account

Compare ICICIDirect with Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with Upstox
  ICICIDirect Upstox
DP Source CDSL CDSL
DP ID ICICIDirect vs Upstox - DP ID 14300 81800
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a. Rs. 300/- per annum.
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Stamp Duty at actuals NIL
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-) Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip.
Demat Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms.
Remat Rs. 30 + CDSL actuals Rs. 25/- per certificate or 0.05% of the value whichever is higher.
Pledge Creation 0.03 % or minimum of Rs. 50/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure 0.03 % or minimum of Rs. 50/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Invocation 0.03 % or minimum of Rs. 50/- 0.05% of the transaction charges subject to a minimum of Rs. 50/-
Failed Instruction Charges Rejection/Fails Rs.30/- Rs. 50/- per transaction.
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges. Demat Rejection Charges: Rs. 35/- per rejection for every 500 gms. Adhoc / Non periodic statement requests: Adhoc statement requests: - Rs. 25/- (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs. 10/- plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Upstox on Special Offers and Promotion

Compare ICICIDirect with Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs Upstox on Special Offers and Promotion
  ICICIDirect Upstox
Pay In and Pay Out Options ICICIDirect vs Upstox - 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 ICICIDirect vs Upstox - Payout Time Instance to ICICI Bank. Max 24 hrs except bank holidays
Bank Supported and Charges ICICIDirect vs Upstox - 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
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

Detail Review...

  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.

Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

Detail Review...

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

Detail Review...

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. 100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.
Enquiry Enquire about ICICIDirect Enquire about Upstox

Last Updated on 2019-07-08T23:24:28+00:00







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