Compare 3 Brokers

Upstox Vs Nirmal Bang: Which one is better?

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

  • 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 Nirmal Bang on Service

  Upstox Compare
Upstox
Nirmal Bang Compare
Nirmal Bang
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 30,27,803 1,24,764
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.
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Upstox vs Nirmal Bang on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare Upstox with Nirmal Bang
Charges Upstox Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA (Waived for 1st year) Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Nirmal Bang on Plan Options

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.

Compare Upstox with Nirmal Bang on Plan Options
Plan Types Upstox Nirmal Bang
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Upstox Nirmal Bang
Account Opening Request
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Brokerage Charges

Compare Upstox vs Nirmal Bang on Brokerage Charges

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 with Nirmal Bang
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
Minimum Brokerage NIL NIL
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
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Share Broker's Transaction Charges

Compare Upstox vs Nirmal Bang on Transaction Charges

Compare Upstox with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Upstox with Nirmal Bang
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
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Account Features

Compare Upstox vs Nirmal Bang on Account Features

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 - Upstox with Nirmal Bang
Account Features Compare Upstox Nirmal Bang
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 Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
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 No
Other Features NIL NIL
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Trading Platform

Compare Upstox vs Nirmal Bang on Trading Platform

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 with Nirmal Bang
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) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox Beyond
Mobile Trading App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Upstox Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
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
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare Upstox vs Nirmal Bang on User Rating

  Upstox Nirmal Bang
  12 Customer Reviews    Rate Upstox 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.5 3.5
Trading Brokerage Rating 3.8 4.0
Trading Platform Usability 3.7 3.0
Customer Service Ratings 3.5 3.5
Overall Ratings Rated 3.7 stars Rated 3.5 stars
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
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Investment Offerings

Compare Upstox vs Nirmal Bang on Investment Offerings

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

Compare Upstox vs Nirmal Bang on Order Types

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 Types - Compare Upstox with Nirmal Bang
Order Type Compare Upstox Nirmal Bang
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare Upstox vs Nirmal Bang on Margin/Leverage

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.

Exposure/margin - Compare Upstox with Nirmal Bang
Margin Product Compare Upstox Nirmal Bang
Equity Delivery Margin Upstox vs Nirmal Bang - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Info Not Available
Equity Intraday Margin Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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 Upstox vs Nirmal Bang - 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.
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Customer Service Offered

Compare Upstox vs Nirmal Bang on Customer Service

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 Support - Compare Upstox with Nirmal Bang
Customer Service Compare Upstox Nirmal Bang
24/7 Customer Service Upstox vs Nirmal Bang - 24x7 customer support No No
Email Support Upstox vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat Upstox vs Nirmal Bang - Onine Live Chat Yes No
Phone Support Upstox vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number Upstox vs Nirmal Bang - Toll Free Number No No
Through Branches Upstox vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number Upstox vs Nirmal Bang - Customer Care Number +91 22 6130 9999 Info Not Available
Account Opening Process Upstox vs Nirmal Bang - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Upstox vs Nirmal Bang - Customer Support Email [email protected]  Info Not Available
Knowledge Center/Education Upstox vs Nirmal Bang - Knowledge Center/Education https://upstox.com/help-center/ Info Not Available
Head Office Address Upstox vs Nirmal Bang - 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 Nirmal Bang - Company Website https://upstox.com/ Info Not Available
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Tips/Research/Reports Published

Compare Upstox vs Nirmal Bang on Research Reports, Tips

Compare Upstox with Nirmal Bang on research reports and tips provided by the broker.

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

Compare Upstox vs Nirmal Bang on Demat Account

Compare Upstox with Nirmal Bang on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Upstox with Nirmal Bang
  Upstox Nirmal Bang
DP Source CDSL CDSL
DP ID Upstox vs Nirmal Bang - DP ID 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹150 pa ₹200 pa or ₹1000 for life time amc
Advance Deposit NIL NIL
Statutory charges Nil Nil
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
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Nirmal Bang on Special Offers and Promotion

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

Compare Upstox vs Nirmal Bang on Special Offers and Promotion
  Upstox Nirmal Bang
Pay In and Pay Out Options Upstox vs Nirmal Bang - 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 Nirmal Bang - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Upstox vs Nirmal Bang - 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

Detail Review...

Great customer support, PAN India presence, research reports, branch offices, free call and trade facility.

Detail Review...

Dislikes
  • Call & trade services are not free, charged at Rs. 20 per call.
  • Stock market trading tips and recommendations are not available.
  • Upstox doesn’t offer NRI trading services.
  • 24*7 customer service is unavailable.

Detail Review...

Minimum brokerage charges, charges for charts & technical analysis software.

Detail Review...

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


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