Compare 3 Brokers

Upstox Vs IDBI Direct: Which one is better?

The brokerage of Upstox Max Rs 20 per trade while the brokerage of IDBI Direct ranges between .08 to .5%. Upstox is a Discount Broker where IDBI Direct is a Full Service Broker. Upstox is having overall higher rating compare to IDBI Direct. Upstox is rated 4.5 out of 5 where IDBI Direct is rated only 3.5 out of 5.

Here we present side-by-side comparison of Upstox vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs IDBI Direct'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 Upstox vs IDBI Direct on Service

  Upstox Compare
Upstox
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE
Broker Overview 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. IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive broker...Know more about IDBI Direct
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IDBI Direct. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

In this section we have compared Upstox with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Rs 150 Equity/ Rs 150 Commodity for account opening where IDBI Direct charges Rs 700 for account opeing. Demat AMC charges - Upstox charges Rs 150 PA (Waived for 1st year) AMC for Demat account where IDBI Direct charges Rs 350 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with IDBI Direct
Charges Upstox IDBI Direct
Trading Account Opening Fees Rs 150 Equity/ Rs 150 Commodity Rs 700
Trading AMC Free Free
Demat Account Opening Fees Rs 150 Free
Demat AMC Rs 150 PA (Waived for 1st year) Rs 350 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare Upstox with IDBI Direct. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Upstox provide Multiple Plans where IDBI Direct doesn't offer Monthlay Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Upstox IDBI Direct
Account Opening Request
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Brokerage Charges

Compare Upstox vs IDBI Direct on Brokerage Charges

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

IDBI Direct Brokerage Plan detail - This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months.

Brokerage Charges - Compare Upstox with IDBI Direct
Brokerage Charges Compare Upstox IDBI Direct
Plan Name Max Rs 20 Per Order Trading Plan Flexi Gold Trading Plan (Percentage Based)
Equity Delivery Free 0.5% or 50 paisa
Equity Intraday 0.01% or Rs 20 whichever is lower 0.08% or 8 paisa
Equity Futures Flat Fee Rs 20 0.08% or 8 paisa
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures Flat Fee Rs 20 0.08% or 8 paisa
Currency Options Flat Fee Rs 20 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 Per Executable Order Info Not Available
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for IDBI Direct
SPAN Margin Calculator SPAN Margin Calculator for Upstox SPAN Margin Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare Upstox vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare Upstox with IDBI Direct
Transaction Charges Compare Upstox IDBI Direct
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 190 Per Cr
Equity Options Rs 5500 Per Cr Rs 5100 Per Cr
Currency Futures Rs 150 Per Cr Rs 110 Per Cr
Currency Options Rs 6000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for idbicapital
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Account Features

Compare Upstox vs IDBI Direct on Account Features

Compare Upstox with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers margin funding where Upstox doesn't offers margin funding. NRI Trading - both brokers provides NRI Trading facility.

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

Compare Upstox vs IDBI Direct on Trading Platform

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

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Broker Ratings by Users

Compare Upstox vs IDBI Direct on User Rating

  Upstox IDBI Direct
  8 Customer Reviews    Rate Upstox 30 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.3 3.0
Trading Brokerage Rating 3.8 2.4
Trading Platform Usability 3.3 2.5
Customer Service Ratings 3.1 2.8
Overall Ratings Rated 3.3 stars Rated 2.7 stars
Broker Rating Upstox is Rated 3.3 / 5 based on 8 customer reviews IDBI Direct is Rated 2.7 / 5 based on 30 customer reviews
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Investment Offerings

Compare Upstox vs IDBI Direct on Investment Offerings

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

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

Compare Upstox vs IDBI Direct on Order Types

Order Type - Compare Upstox with IDBI Direct 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) - Upstox provide Cover Orders (CO) where IDBI Direct doesn't offer.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 provide Bracket Orders (BO) where IDBI Direct 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- both brokers doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with IDBI Direct
Order Type Compare Upstox IDBI Direct
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes No
Bracket Ordre Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare Upstox vs IDBI Direct on Margin/Leverage

Comapre Upstox with IDBI Direct 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 Upstox with IDBI Direct
Margin Product Compare Upstox IDBI Direct
Equity Delivery Margin Upstox vs IDBI Direct - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Info Not Available
Equity Intraday Margin Upstox vs IDBI Direct - Equity Intraday Margin Up to 15x for Equity Intraday in Base Plan, Up to 20x on Priority Plan. Info Not Available
Futures Margin Upstox vs IDBI Direct - Futures Margin Up to 4x for Index/Stock future (of NRML Margin), Priority Plan - up to 5x for Index and 4x for Stocks. Info Not Available
Options Margin Upstox vs IDBI Direct - Options Margin 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. Info Not Available
Equity CO Margin Upstox vs IDBI Direct - Equity CO Margin Up to 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan. Info Not Available
Futures CO Margin Upstox vs IDBI Direct - Futures CO Margin Up to 4x for Index/Stock (of NRML Margin) future, Priority Plan - up to 7x for Index and 6x for Stocks. Info Not Available
Options CO Margin Upstox vs IDBI Direct - Options CO Margin 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. Info Not Available
Commodity Margin Upstox vs IDBI Direct - Commodity Margin Up to 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions. Info Not Available
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Customer Service Offered

Compare Upstox vs IDBI Direct on Customer Service

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

Compare Upstox vs IDBI Direct on Research Reports, Tips

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

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

Compare Upstox vs IDBI Direct on Demat Account

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

Demat Charges - Compare Upstox with IDBI Direct
  Upstox IDBI Direct
DP Source CDSL CDSL
DP ID Upstox vs IDBI Direct - DP ID 81800 No
Demat Account Annual Maintenance Charges(AMC) Rs. 300/- per annum. Rs. 450/- p.a ( Rs. 400/- for customers receiving statements by e-mail) Senior citizens ? Rs. 350/- p.a
Advance Deposit NIL NO
Statutory charges NIL NO
Transaction Charges on Debit (Per ISIN) Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip. 0.04% of market value or Rs30/- per Transaction whichever is higher
Demat Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms. Rs5 per certificate Plus Rs 40 postage
Remat Rs. 25/- per certificate or 0.05% of the value whichever is higher. Rs.20/- for every hundred securities or Flat fee of Rs.20/- per certificate whichever is higher
Pledge Creation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. 0.05% of market value or Rs.50/- per transaction whichever is higher
Pledge Creation Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. NIL
Pledge Closure 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. 0.05% of market value or Rs.25/- per transaction whichever is higher
Pledge Closure Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. 0.05% of market value or Rs.25/- per transaction whichever is higher
Pledge Invocation 0.05% of the transaction charges subject to a minimum of Rs. 50/- 0.15% of market value or Rs.25/- per transaction
Failed Instruction Charges Rs. 50/- per transaction. nil
Other 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. NIL

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Special Offers,Advantages,Disadvantages

Compare Upstox vs IDBI Direct on Special Offers and Promotion

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

Compare Upstox vs IDBI Direct on Special Offers and Promotion
  Upstox IDBI Direct
Pay In and Pay Out Options Upstox vs IDBI Direct - Pay In and Pay Out Options 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
Info Not Available
Payout Time Upstox vs IDBI Direct - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Upstox vs IDBI Direct - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Info Not Available
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Info Not Available
Likes
  • 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...

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

Detail Review...

Dislikes
  • 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...

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

Detail Review...

Special Offers/Promo 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 Upstox Enquire about IDBI Direct

Last Updated on 2019-06-27T00:43:21+00:00







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