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
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||Discount Broker||Full Service Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE|
|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...|
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 Account Opening Fees||Promotion offer: Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Free||Rs 350 PA [Free for 1st year]|
|Provide DP Service|
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.
|Plan Types||Upstox||IDBI Direct|
|Account Opening Request|
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||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|
Compare Upstox with IDBI Direct on transaction charges and PCM fee by segment.
|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|
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 Compare||Upstox||IDBI Direct|
|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 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||IDBI Direct|
|Desktop Trading Platform||Upstox Pro||Infinity|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/||https://trade.idbicapital.com/|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||Upstox||IDBI Direct Mobile App|
|Mobile Trading App Demo||Upstox Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Upstox Download||Andriod IDBI Direct Mobile App Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Upstox Download||iOS IDBI Direct Mobile App Download|
|Android Tablet App|
|iPad App (IOS)|
|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|
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||IDBI Direct|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
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 Type Compare||Upstox||IDBI Direct|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||Upstox||IDBI Direct|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91 22 6130 9999||022-3913 5001|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||[email protected]|
|Knowledge Center/Education||https://upstox.com/help-center/||Info Not Available|
|Head Office Address||Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
|Info Not Available|
Compare Upstox with IDBI Direct on research reports and tips provided by the broker.
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 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 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 Account Annual Maintenance Charges(AMC)||₹300 PA||₹350 pa|
|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|
Compare Upstox with IDBI Direct 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 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||Max 24 hrs except bank holidays||Info Not Available|
|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|
|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
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