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ICICIDirect Vs Upstox Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Upstox stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Upstox.

  ICICI Securities Pvt Ltd. Upstox
 
ICICI Securities Pvt Ltd. Logo Upstox Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Upstox is the trading platform offered by RKSV, the popular discount broker offering Equity, Commodity and Currency Derivatives trading services at BSE, NSE and MCX. It is built on top of Omnisys NEST OMS (Order Management System). Upstox makes it ea... Know more about Upstox
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MCX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Upstox Pro
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Upstox
Trading Account Opening Fees What is this parameter? Rs 975 Rs 0
Trading Account AMC What is this parameter? NIL Rs 0
Demat Account Opening Fees What is this parameter? NIL Rs 0
Demat Account AMC What is this parameter? Rs 600 Rs 0
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Upstox
Account Type 3-in-1 Account (I-Secure Plan) Upstox Pro
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% Rs 0
Equity Intraday Brokerage What is this parameter? 0.275% Rs 20
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% Rs 20
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot Rs 20
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% Rs 20
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot Rs 20
Commodity Trading Brokerage What is this parameter? NA Rs 20

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Upstox
Account Type I-Saver Plan Upstox Basic
Fixed Charges What is this parameter? NIL
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% Rs 0
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% NA
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% NA
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot NA
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% NA
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot NA
Commodity Trading Brokerage What is this parameter? NA NA
Other Brokerage Charges What is this parameter?
Minimum Brokerage Charges What is this parameter? Rs 35 per trade Rs 20
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Transaction Charges

  ICICI Securities Pvt Ltd. Upstox
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? 0.0018% NSE ₹210
Equity Options What is this parameter? 0.05% on Premium NSE ₹5500
Currency Futures What is this parameter? 0.0012% ₹150
Currency Options What is this parameter? 0.05% on Premium ₹6000
Commodity What is this parameter? NA MCX ₹260/Cr
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Share Broker Features

  ICICI Securities Pvt Ltd. Upstox
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No
Trading Platform What is this parameter? Trade Racer Upstox (Omnisys NEST OMS)
Intraday Square-off Time What is this parameter? 3:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Upstox
  322 Customer Reviews    Rate ICICIDirect 4 Customer Reviews    Rate Upstox
Fees Ratings 2.3 3.8
Trading Brokerage Rating 1.8 4.0
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 322 customer reviews Upstox is Rated 4.0 / 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Upstox
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Upstox
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

  ICICI Securities Pvt Ltd. Upstox
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? Yes No
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Upstox
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Upstox
Casual Investor What is this parameter? Yes Yes
Active Investor What is this parameter?
Trader What is this parameter?

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Upstox
Pros What is this parameter?
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  • Upstox basic plan offers brokerage free trading in Equity Delivery segment.

More Advantages...

Cons What is this parameter?
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

  • UpStox (RKSV) does Prop Trading which makes it riskier broker then other brokers who doesn't do that.
  • Brokerage free trading is available only in Equity Delivery segment if you take UpStocks basic plan. For all other segments including Equity F&O, Commodity F&O and Currency Derivative, brokerage is not free.
  • In Upstox basic plan, though brokerage is free, customer still have to pay the demat transaction charges and demat annual maintenance charges as described above.
  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 25 per contract note + courier charges.
  • Doesn't offer facility to invest in IPO, FPO, Mutual Funds, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 24/7 customer service is not available.

More Disadvantages...

Reviews What is this parameter? Useful articles about Upstox:
Promo / Offers What is this parameter?
Enquire about ICICIDirect Enquire about Upstox
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