TopShareBrokers.com Logo
FREE Account Opening + Zero AMC Fees* + MutualFund SIP
Loading...

Upstox Vs IIFL Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Upstox Max Rs 20 per trade while the brokerage of IIFL Securities ranges between Rs 20. Upstox is a Discount Broker where IIFL Securities is a Full Service Broker. Upstox is having overall higher rating compare to IIFL Securities. Upstox is rated 4.5 out of 5 where IIFL Securities is rated only 4 out of 5. Number of active customer for IIFL Securities is 38,64,087 where number of active customer for Upstox is 7,19,141. IIFL Securities is serving more customer compare to Upstox.

Here we present side-by-side comparison of Upstox vs IIFL Securities 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 IIFL Securities'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 IIFL Securities 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 IIFL Securities'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 IIFL Securities on Service

  Upstox Compare
Upstox
IIFL Securities Compare
IIFL Securities
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 4.5 stars
Investments Offering Rated 4 stars Rated 4.5 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 BSE, NSE, MCX, NCDEX
Active Clients 7,19,141 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. IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...Know more about IIFL Securities
Broker Enquiry Request call back from IIFL Securities Request call back from Upstox
Expand

Account Opening Charges and AMC

Compare Upstox vs IIFL Securities on Trading & Demat Account Opening Charges

Comparison of Upstox with IIFL Securities on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with IIFL Securities
Charges Upstox IIFL Securities
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 250 PA (Free for 1st year)
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Upstox vs IIFL Securities on Plan Options

Plans are the most important feature you look when compare Upstox with IIFL Securities. 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 IIFL Securities on Plan Options
Plan Types Upstox IIFL Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Upstox
Account Opening Request
Expand

Brokerage Charges

Compare Upstox vs IIFL Securities on Brokerage Charges

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

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Brokerage Charges - Compare Upstox with IIFL Securities
Brokerage Charges Compare Upstox IIFL Securities
Plan Name Max Rs 20 Per Order Trading Plan IIFL iSERVE Brokerage Plan
Equity Delivery 2.5% or Rs 20 whichever is lower Flat Rs 20 per order
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Rs 20 per order
Equity Futures 0.05% or Rs 20 whichever is lower Flat Rs 20 per order
Equity Options Flat Fee Rs 20 Flat Rs 20 per order
Currency Futures 0.05% or Rs 20 whichever is lower Flat Rs 20 per order
Currency Options Flat Fee Rs 20 Flat Rs 20 per order
Commodity Trading Flat Fee Rs 20 Flat Rs 20 per order
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 20 Per Executable Order Rs 50 Per Call + GST
Auto Square off Charges Rs 20 Per Executable Order Rs 50 Per Call + GST
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for IIFL Securities
Expand

Share Broker's Transaction Charges

Compare Upstox vs IIFL Securities on Transaction Charges

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

Transaction Charges - Compare Upstox with IIFL Securities
Transaction Charges Compare Upstox IIFL Securities
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 5000 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for iifl-securities
Expand

Account Features

Compare Upstox vs IIFL Securities on Account Features

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

Account Features - Upstox with IIFL Securities
Account Features Compare Upstox IIFL Securities
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate 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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare Upstox vs IIFL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and IIFL Securities. 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 IIFL Securities
Trading Platform Compare Upstox IIFL Securities
Desktop Trading Platform Upstox Pro IIFL Trader terminal
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://ttweb.indiainfoline.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox IIFL Markets
Mobile Trading App Demo Upstox Demo IIFL Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod IIFL Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox Download iOS IIFL Markets 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 IIFL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for IIFL Securities
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for IIFL Securities
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for iifl-securities

Expand

Broker Ratings by Users

Compare Upstox vs IIFL Securities on User Rating

  Upstox IIFL Securities
  12 Customer Reviews    Rate Upstox 82 Customer Reviews    Rate IIFL Securities
Fees Ratings 3.5 3.1
Trading Brokerage Rating 3.8 2.9
Trading Platform Usability 3.7 3.4
Customer Service Ratings 3.5 2.9
Overall Ratings Rated 3.7 stars Rated 2.8 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews
Expand

Investment Offerings

Compare Upstox vs IIFL Securities on Investment Offerings

Compare Upstox with IIFL Securities 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - IIFL Securities provides PMS Service where Upstox doesn't offer

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

Order Types

Compare Upstox vs IIFL Securities on Order Types

Order Type - Compare Upstox with IIFL Securities 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) - Upstox provide Bracket Orders (BO) where IIFL Securities 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 facilities. The orders are sent to exchange on the next trading day. GTC Orders- IIFL Securities offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with IIFL Securities
Order Type Compare Upstox IIFL Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
Expand

Customer Service Offered

Compare Upstox vs IIFL Securities on Customer Service

Compare Upstox with IIFL Securities 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 IIFL Securities
Customer Service Compare Upstox IIFL Securities
24/7 Customer Service Upstox vs IIFL Securities - 24x7 customer support No Yes
Email Support Upstox vs IIFL Securities - Email Support Yes Yes
Onine Live Chat Upstox vs IIFL Securities - Onine Live Chat Yes Yes
Phone Support Upstox vs IIFL Securities - Phone Support Yes Yes
Toll Free Number Upstox vs IIFL Securities - Toll Free Number No Yes
Through Branches Upstox vs IIFL Securities - Through Branches Yes Yes
Customer Care Number Upstox vs IIFL Securities - Customer Care Number +91 22 6130 9999 022-40071000
Account Opening Process Upstox vs IIFL Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs IIFL Securities - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs IIFL Securities - Knowledge Center/Education https://upstox.com/help-center/ https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx
Head Office Address Upstox vs IIFL Securities - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Website Upstox vs IIFL Securities - Company Website https://upstox.com/ https://www.indiainfoline.com/
Expand

Tips/Research/Reports Published

Compare Upstox vs IIFL Securities on Research Reports, Tips

Compare Upstox with IIFL Securities on research reports and tips provided by the broker.

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

Demat Account

Compare Upstox vs IIFL Securities on Demat Account

Compare Upstox with IIFL Securities 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 IIFL Securities is ₹400 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹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 Upstox with IIFL Securities
  Upstox IIFL Securities
DP Source CDSL CDSL
DP ID Upstox vs IIFL Securities - DP ID 81800 44700
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹400 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)
Demat ₹20 + ₹50 courier charges ₹15 per certificate + ₹40 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
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 Nil
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) Nil
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

Expand

Special Offers,Advantages,Disadvantages

Compare Upstox vs IIFL Securities on Special Offers and Promotion

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

Compare Upstox vs IIFL Securities on Special Offers and Promotion
  Upstox IIFL Securities
Pay In and Pay Out Options Upstox vs IIFL Securities - 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
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upstox vs IIFL Securities - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.
Bank Supported and Charges Upstox vs IIFL Securities - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
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...

  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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...

  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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 Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.
Enquiry Open IIFL Securities Account Now>> Open Upstox Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00