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Upstox Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where IDBI Direct offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. 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. Number of active customer for IDBI Direct is 38,64,087 where number of active customer for Upstox is 67,157. IDBI Direct is serving more customer compare to Upstox.

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.

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
  • 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 Upstox vs IDBI Direct on Service

  Upstox Compare
Upstox
IDBI Direct Compare
IDBI Direct
Overall Rating Rated 4.5 stars Rated 3.5 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4.5 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 67,157 38,64,087
Broker Overview 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. 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
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

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

Comparison of Upstox with IDBI Direct 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 Upstox with IDBI Direct
Charges Upstox IDBI Direct
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 350 PA [Free for 1st year]
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 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 Upstox with IDBI Direct on Plan Options
Plan Types Upstox IDBI Direct
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Upstox
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 - IDBI Direct Brokerage Plan

Brokerage Charges - Compare Upstox with IDBI Direct
Brokerage Charges Compare Upstox IDBI Direct
Plan Name Max Rs 20 Per Order Trading Plan Flat Brokerage PLan
Equity Delivery 2.5% or Rs 20 whichever is lower 0.20%
Equity Intraday 0.05% or Rs 20 whichever is lower 0.02%
Equity Futures 0.05% or Rs 20 whichever is lower Flat Rs 15 per order
Equity Options Flat Fee Rs 20 Flat Rs 15 per order
Currency Futures 0.05% or Rs 20 whichever is lower Flat Rs 15 per order
Currency Options Flat Fee Rs 20 Flat Rs 15 per order
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 Free
Auto Square off Charges Rs 20 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Upstox Brokerage 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 - 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 - IDBI Direct offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - IDBI Direct offers NRI where Upstox doesn't offers NRI Trading.

Account Features - Upstox with IDBI Direct
Account Features Compare Upstox IDBI Direct
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat 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 No 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 links 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 Upstox Pro Infinity
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No 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 Free
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
  12 Customer Reviews    Rate Upstox 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.5 3.0
Trading Brokerage Rating 3.8 2.5
Trading Platform Usability 3.7 2.6
Customer Service Ratings 3.5 2.7
Overall Ratings Rated 3.7 stars Rated 2.7 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 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 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 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 Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
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 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- IDBI Direct offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with IDBI Direct
Order Type Compare Upstox IDBI Direct
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 No Yes
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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 compares types of service offered by each broker for a quick resolution for query/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 022-3913 5001
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]  [email protected]
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/ https://www.idbidirect.in/
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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 the 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. 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 IDBI Direct is ₹350 pa where for Upstox is ₹300 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 Upstox is ₹13 + ₹5.50 CDSL charges where for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 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) ₹300 PA ₹350 pa
Advance Deposit NIL NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹20 + ₹50 courier charges ₹5 per certificate + ₹30 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation 0.05% of the transaction value (Min ₹50) 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges ₹50 Nil
Other Charges Nil 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 the general features, advantages, disadvantages, payout 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
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

  • 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...

Dislikes
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

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

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 2023-01-16T04:23:11+00:00