The brokerage of Upstox Max Rs 20 per trade while the brokerage of Nirmal Bang ranges between .02% to .20%. Upstox is a Discount Broker where Nirmal Bang is a Full Service Broker. Upstox is having overall higher rating compare to Nirmal Bang. Upstox is rated 4.5 out of 5 where Nirmal Bang is rated only 3 out of 5.
Here we present side-by-side comparison of Upstox vs Nirmal Bang 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 Nirmal Bang'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 Nirmal Bang 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 Nirmal Bang'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||BSE, NSE, MCX||BSE, NSE, MCX, NCDEX|
|Broker Overview||Upstox is the best broker in India offering free delivery trading and intraday, F&O, commodity, and currency trading at flat Rs. 20/per order brokerage through Pro web and Pro mobile app.||Nirmal Bang empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.|
Comparison of Upstox with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Upstox charges Rs 300 PA (Waived for 1st year) AMC for Demat account where Nirmal Bang charges Rs 200 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 PA (Waived for 1st year)||Rs 200 PA|
|Provide DP Service|
Plans are the most important feature you look when compare Upstox with Nirmal Bang. This section compare on high level about type of plans offered by brokers. Multiple Plans - Upstox provide Multiple Plans where Nirmal Bang doesn't offer Monthly Plans - Both the brokers don't have Monthly Plans.
|Plan Types||Upstox||Nirmal Bang|
|Account Opening Request|
Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others
Nirmal Bang Brokerage Plan detail - This is a standard plan by Nirmal Bang.This is % based brokerage plan.
|Brokerage Charges Compare||Upstox||Nirmal Bang|
|Plan Name||Max Rs 20 Per Order Trading Plan||Basic Trading Plan (Percentage Based)|
|Equity Delivery||Free||0.2% or 20 paisa|
|Equity Intraday||0.05% or Rs 20 whichever is lower||0.02% or 2 paisa|
|Equity Futures||Flat Fee Rs 20||0.02% or 2 paisa|
|Equity Options||Flat Fee Rs 20||Rs 100 Per Lot|
|Currency Futures||Flat Fee Rs 20||0.02% or 2 paisa|
|Currency Options||Flat Fee Rs 20||Rs 20 Per Lot|
|Commodity Trading||Flat Fee Rs 20||0.02% or 2 paisa|
|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 Nirmal Bang|
|SPAN Margin Calculator||SPAN Margin Calculator for Upstox||SPAN Margin Calculator for Nirmal Bang|
Compare Upstox with Nirmal Bang on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Upstox||Nirmal Bang|
|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 nirmal-bang|
Compare Upstox with Nirmal Bang 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 Nirmal Bang 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 - Nirmal Bang offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.
|Account Features Compare||Upstox||Nirmal Bang|
|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 Nirmal Bang. 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||Nirmal Bang|
|Desktop Trading Platform||DartStock/Nest Trader/Fox Trader||ODIN Diet|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/||https://nbtrade.nirmalbang.net/netnetlite/|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||Upstox||Beyond|
|Mobile Trading App Demo||Upstox Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Upstox Download||Andriod Beyond Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Upstox Download||iOS Beyond Download|
|Android Tablet App|
|iPad App (IOS)|
|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 Nirmal Bang|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Upstox||Futures Brokerage Calculator for Nirmal Bang|
|Options Brokerage Calculator||Options Brokerage Calculator for Upstox||Options Brokerage Calculator for Nirmal Bang|
|Detail||Detail on Trading Platforms for upstox||Detail on Trading Platforms for nirmal-bang|
|12 Customer Reviews||2 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||Upstox is Rated 3.7 / 5 based on 12 customer reviews||Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews|
Compare Upstox with Nirmal Bang 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||Upstox||Nirmal Bang|
|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 Nirmal Bang 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) - Upstox provide Cover Orders (CO) where Nirmal Bang 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 Nirmal Bang 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- Both broker doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Upstox||Nirmal Bang|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Upstox with Nirmal Bang on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||Upstox||Nirmal Bang|
|Equity Delivery Margin||No Margin/Leverage for Equity Delivery.||Info Not Available|
|Equity Intraday Margin||Up to 15x exposure with Basic Plan and 20x exposure with Priority plan||Up to 10x or 10% subject to Var and ELM.|
|Futures Margin||Up to 3x leverage for Index and Stocks in Basic Plan, Upto 6x leverage for Index in Priority Plan.||1x means actual SPAN + Exposure.|
|Options Margin||Upto 3x margin for Options shorting with Basic Plan, Upto 6x for Index Options sell with Priority Plan.No leverage for option buying.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
|Equity CO Margin||Up to 20x exposure with Basic Plan and 27x exposure with Priority plan||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.|
|Futures CO Margin||Up to 20x leverage for Index, 5x leverage for Stocks in Basic Plan, Upto 28x leverage for Index and 6x for stocks in Priority Plan.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||Up to 1.33x for option buying with Basic plan and 2x with Priority plan.||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||Up to 2.5x leverage for MCX futures in Basic Plan, Upto 3x leverage for Priority Plan. Up to 3x/4x with Basic/Priority plan with CO.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare Upstox with Nirmal Bang 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||Nirmal Bang|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91 22 6130 9999||Info Not Available|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|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|
|Website||https://upstox.com/||Info Not Available|
Compare Upstox with Nirmal Bang on research reports and tips provided by the broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare Upstox with Nirmal Bang on Demat Service and Charges. This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹150 pa||₹200 pa or ₹1000 for life time amc|
|Transaction Charges on Debit (Per ISIN)||₹13 + ₹5.50 CDSL charges||0.03% of the transaction value (Min ₹15)|
|Demat||₹20 + ₹50 courier charges||₹40 per demat requets + ₹40 for additional 50 certificate|
|Remat||₹100 for every hundred securities or ₹25 per certificate (whichever is higher)||0.04% of the value or ₹15 per certificate (whichever is higher)|
|Pledge Creation||0.02% of the transaction value (Min ₹50) + CDSL charges||0.02% of the transaction value (Min ₹100)|
|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||0.02% of the transaction value (Min ₹100)|
|Pledge Closure Confirmation||0.02% of the transaction value (Min ₹50) + CDSL charges||Nil|
|Pledge Invocation||0.05% of the transaction value (Min ₹50)||0.02% of the transaction value (Min ₹100)|
|Failed Instruction Charges||₹50||Nil|
Compare Upstox with Nirmal Bang 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|
Great customer support, PAN India presence, research reports, branch offices, free call and trade facility.
Minimum brokerage charges, charges for charts & technical analysis software.
|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 Nirmal Bang|
Last Updated on 2021-06-30T04:16:57+00:00