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Indira Securities Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Indira Securities Max 0.01% to 0.10% per trade while the brokerage of Upstox ranges between Rs 20. Indira Securities is a Full Service Broker where Upstox is a Discount Broker. Indira Securities is having overall lower rating compare to Upstox. Indira Securities is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for Indira Securities is 8,665. Upstox is serving more customer compare to Indira Securities.

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

  Indira Securities Compare
Indira Securities
Upstox Compare
Upstox
Overall Rating Rated 4 stars Rated 4.5 stars
Brokerage Charges Rated 4 stars Rated 4.5 stars
Trading Platform Rated 3.5 stars Rated 4.5 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4 stars Rated 4.5 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 8,665 38,64,087
Broker Overview Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the... Know more about Indira Securities 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.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

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

Comparison of Indira Securities with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Indira 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 Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Indira Securities with Upstox
Charges Indira Securities Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare Indira Securities 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 Indira Securities with Upstox on Plan Options
Plan Types Indira Securities Upstox
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 Indira Securities vs Upstox on Brokerage Charges

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

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

Brokerage Charges - Compare Indira Securities with Upstox
Brokerage Charges Compare Indira Securities Upstox
Plan Name Traditional Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.10% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.01% 0.05% or Rs 20 whichever is lower
Equity Futures 0.01% 0.05% or Rs 20 whichever is lower
Equity Options Rs. 25 per lot (both side) Flat Fee Rs 20
Currency Futures Flat Fee Rs 20 0.05% or Rs 20 whichever is lower
Currency Options Futures: 0.01%|Options: Rs. 25 per lot (both side) Flat Fee Rs 20
Commodity Trading Futures: 0.01%|Options: Rs. 25 per lot (both side) Flat Fee Rs 20
Minimum Brokerage NA NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Rs 20 Per Executable Order
Auto Square off Charges Free Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Indira Securities vs Upstox on Transaction Charges

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

Transaction Charges - Compare Indira Securities with Upstox
Transaction Charges Compare Indira Securities Upstox
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 120 Per Cr Rs 150 Per Cr
Currency Options Rs 500 Per Cr Rs 6000 Per Cr
Commodity Non-Agri Rs 260| Agri Rs 600 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for indira-securities Complete Brokerage Plans for upstox
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Account Features

Compare Indira Securities vs Upstox on Account Features

Compare Indira Securities with Upstox 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 Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Indira Securities offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - Indira Securities offers NRI where Upstox doesn't offers NRI Trading.

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

Compare Indira Securities vs Upstox on Trading Platform

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

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Broker Ratings by Users

Compare Indira Securities vs Upstox on User Rating

  Indira Securities Upstox
  1 Customer Reviews    Rate Indira Securities 12 Customer Reviews    Rate Upstox
Fees Ratings 2.0 3.5
Trading Brokerage Rating 4.0 3.8
Trading Platform Usability 2.0 3.7
Customer Service Ratings 2.0 3.5
Overall Ratings Rated 3.0 stars Rated 3.7 stars
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Indira Securities vs Upstox on Investment Offerings

Compare Indira Securities 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 - Both broker offers trading options in Commodity (MCX). 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 Indira Securities with Upstox
Investment Offerings Compare Indira Securities Upstox
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 No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Indira Securities vs Upstox on Order Types

Order Type - Compare Indira Securities 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- Indira Securities offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Indira Securities with Upstox
Order Type Compare Indira Securities 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 No
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Customer Service Offered

Compare Indira Securities vs Upstox on Customer Service

Compare Indira Securities 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 Indira Securities with Upstox
Customer Service Compare Indira Securities Upstox
24/7 Customer Service Indira Securities vs Upstox - 24x7 customer support Yes No
Email Support Indira Securities vs Upstox - Email Support Yes Yes
Onine Live Chat Indira Securities vs Upstox - Onine Live Chat Yes Yes
Phone Support Indira Securities vs Upstox - Phone Support Yes Yes
Toll Free Number Indira Securities vs Upstox - Toll Free Number Yes No
Through Branches Indira Securities vs Upstox - Through Branches Yes Yes
Customer Care Number Indira Securities vs Upstox - Customer Care Number +91-(0)731-4797105/115/146 +91 22 6130 9999
Account Opening Process Indira Securities vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Indira Securities vs Upstox - Customer Support Email [email protected] [email protected] 
Knowledge Center/Education Indira Securities vs Upstox - Knowledge Center/Education https://www.indiratrade.com/blog https://upstox.com/help-center/
Head Office Address Indira Securities vs Upstox - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website Indira Securities vs Upstox - Company Website https://www.indiratrade.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare Indira Securities vs Upstox on Research Reports, Tips

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

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

Compare Indira Securities vs Upstox on Demat Account

Compare Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards).

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 Indira Securities is ₹20 or 0.02% whichever is higher 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 Indira Securities with Upstox
  Indira Securities Upstox
DP Source CDSL CDSL
DP ID Indira Securities vs Upstox - DP ID 752000 81800
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) ₹300 PA
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹20 or 0.02% whichever is higher ₹13 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 courier charges ₹20 + ₹50 courier charges
Remat ₹50 per RRN ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹50 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 ₹50 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹50 or 0.02% whichever is higher 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹25 ₹50
Other Charges Book Charges ₹20,POA Charges ₹130 Nil

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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs Upstox on Special Offers and Promotion

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

Compare Indira Securities vs Upstox on Special Offers and Promotion
  Indira Securities Upstox
Pay In and Pay Out Options Indira Securities vs Upstox - Pay In and Pay Out Options

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

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 Indira Securities vs Upstox - Payout Time

Max 24 hrs except bank holidays

Max 24 hrs except bank holidays
Bank Supported and Charges Indira Securities vs Upstox - Bank Supported and Charges

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

  • 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...

Dislikes
  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

  • 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...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order. 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 2022-08-16T23:53:27+00:00