FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

IDBI Direct Vs Upstox: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Upstox offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Upstox ranges between Rs 20. IDBI Direct is a Full Service Broker where Upstox is a Discount Broker. IDBI Direct is having overall lower rating compare to Upstox. IDBI Direct is rated only 3.5 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for IDBI Direct is 55,285. Upstox is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Upstox's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare IDBI Direct vs Upstox on Service

  IDBI Direct Compare
IDBI Direct
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? NSE, BSE NSE, BSE, MCX
Active Clients 55,285 24,01,555
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
Expand

Account Opening Charges and AMC

Compare IDBI Direct vs Upstox on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Upstox
Charges IDBI Direct Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare IDBI Direct vs Upstox on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Upstox on Plan Options
Plan Types IDBI Direct Upstox
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Upstox
Account Opening Request
Expand

Brokerage Charges

Compare IDBI Direct vs Upstox on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare IDBI Direct with Upstox
Brokerage Charges Compare IDBI Direct Upstox
Plan Name Flat Brokerage PLan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.20% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.05% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.05% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA Flat Fee Rs 20
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs 50 + 18% GST
Auto Square off Charges NA Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Upstox
Expand

Share Broker's Transaction Charges

Compare IDBI Direct vs Upstox on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Upstox
Transaction Charges Compare IDBI Direct Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for upstox
Expand

Account Features

Compare IDBI Direct vs Upstox on Account Features

Compare IDBI Direct 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 IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where Upstox doesn't offers NRI Trading.

Account Features - IDBI Direct with Upstox
Account Features Compare IDBI Direct Upstox
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat 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 Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
Expand

Trading Platform

Compare IDBI Direct vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with Upstox
Trading Platform Compare IDBI Direct Upstox
Desktop Trading Platform Infinity Upstox Pro
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://pro.upstox.com/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Upstox
Mobile Trading App Demo Info Not Available Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for upstox

Expand

Broker Ratings by Users

Compare IDBI Direct vs Upstox on User Rating

  IDBI Direct Upstox
  31 Customer Reviews    Rate IDBI Direct 12 Customer Reviews    Rate Upstox
Fees Ratings 3.0 3.5
Trading Brokerage Rating 2.5 3.8
Trading Platform Usability 2.6 3.7
Customer Service Ratings 2.7 3.5
Overall Ratings 2.7 3.7
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
Expand

Investment Offerings

Compare IDBI Direct vs Upstox on Investment Offerings

Compare IDBI Direct 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 IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Order Types

Compare IDBI Direct vs Upstox on Order Types

Order Type - Compare IDBI Direct 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) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a 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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Upstox
Order Type Compare IDBI Direct Upstox
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
Expand

Customer Service Offered

Compare IDBI Direct vs Upstox on Customer Service

Compare IDBI Direct 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 Support - Compare IDBI Direct with Upstox
Customer Service Compare IDBI Direct Upstox
24/7 Customer Service IDBI Direct vs Upstox - 24x7 customer support No No
Email Support IDBI Direct vs Upstox - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Upstox - Onine Live Chat No Yes
Phone Support IDBI Direct vs Upstox - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Upstox - Toll Free Number Yes No
Through Branches IDBI Direct vs Upstox - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Upstox - Customer Care Number 022-3913 5001 +91 22 6130 9999
Account Opening Process IDBI Direct vs Upstox - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Upstox - Knowledge Center/Education Info Not Available https://upstox.com/help-center/
Head Office Address IDBI Direct vs Upstox - Head Office Address/Corporate Address Info Not Available Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website IDBI Direct vs Upstox - Company Website https://www.idbidirect.in/ https://upstox.com/
Expand

Tips/Research/Reports Published

Compare IDBI Direct vs Upstox on Research Reports, Tips

Compare IDBI Direct with Upstox on research reports and tips provided by the broker.

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

Demat Account

Compare IDBI Direct vs Upstox on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 Charges - Compare IDBI Direct with Upstox
  IDBI Direct Upstox
DP Source CDSL CDSL
DP ID IDBI Direct vs Upstox - DP ID No 81800
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 PA
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹13 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹30 courier charges ₹20 + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Upstox on Special Offers and Promotion

Compare IDBI Direct with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Upstox on Special Offers and Promotion
  IDBI Direct Upstox
Pay In and Pay Out Options IDBI Direct vs Upstox - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs Upstox - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges IDBI Direct 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 Info Not Available HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo 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 2023-08-21T03:25:00+00:00