Free Trading + Demat Account

ICICIDirect Vs Upstox (Compare ICICIDirect and Upstox)

The side-by-side comparison of ICICIDirect and Upstox. Compare ICICIDirect Vs Upstox brokerage, charges, exposure margin, demat account. Read Upstox and ICICIDirect review.

Find out ICICIDirect Vs Upstox which is better and ICICIDirect Vs Upstox which is best.

Our ICICI Securities Pvt Ltd. comparison with Upstox highlights the major differences between two brokers. Find the best between ICICIDirect and Upstox.

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ICICIDirect Vs Upstox

  ICICIDirect Upstox
Find more info about broker
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 a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Upstox Basic
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.
Year of Incorporation 2000 2012
Number of Branches 154 4
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ICICIDirect Vs Upstox Charges

  ICICIDirect Upstox
Trading Account Opening Fees ₹975 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹150
Demat Account is Mandatory? No No
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ICICIDirect Vs Upstox Brokerage

Brokerage Plan 1

  ICICIDirect Upstox
Account Type 3-in-1 Account (I-Secure Plan) Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹20 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order
Commodity Options Trading Brokerage NA ₹20 per executed order

Brokerage Plan 2

  ICICIDirect Upstox
Account Type I-Saver Plan Upstox Priority
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% ₹0
Equity Intraday Brokerage 0.75% to 0.25% ₹30 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹30 per executed order
Equity Options Brokerage ₹95 to ₹65 per lot ₹30 per executed order
Currency Futures Trading Brokerage 0.05% to 0.03% ₹30 per executed order
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹30 per executed order
Commodity Futures Trading Brokerage NA ₹30 per executed order
Commodity Options Trading Brokerage NA ₹30 per executed order

Brokerage Plan 3

  ICICIDirect Upstox
Account Type ICICIdirect Prime Plan Upstox Basic
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% ₹0 (Free)
Equity Intraday Brokerage 0.25% ₹20 per executed order
Equity Futures Brokerage 0.025% ₹20 per executed order
Equity Options Brokerage ₹35 ₹20 per executed order
Currency Futures Trading Brokerage ₹0 ₹20 per executed order
Currency Options Trading Brokerage ₹0 ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order
Commodity Options Trading Brokerage NA ₹20 per executed order

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per trade
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ICICIDirect Vs Upstox Taxes

  ICICIDirect Upstox
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICIDirect Vs Upstox Transaction Charges

  ICICIDirect Upstox
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹275
Equity Futures 0.0018% NSE ₹210
Equity Options 0.05% on Premium NSE ₹5500
Currency Futures 0.0012% ₹150
Currency Options 0.05% on Premium ₹6000
Commodity NA MCX ₹260/Cr
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ICICIDirect Vs Upstox Exposure Margin

  ICICIDirect Upstox
Equity Delivery 5x with Interest 2.5x
Equity Intraday Upto 25x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures 4x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options 2x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Futures NA Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Commodity Options
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ICICIDirect and Upstox Feature Comparison

  ICICIDirect Upstox
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Option strategy builder
Referral Program Yes
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ICICIDirect Vs Upstox Review

  ICICIDirect Upstox
  404 Customer Reviews    Rate ICICIDirect 55 Customer Reviews    Rate Upstox
Fees Ratings 2.3 3.7
Trading Brokerage Rating 1.7 3.7
Trading Platform Usability 3.4 2.8
Customer Service Ratings 2.8 2.5
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 404 customer reviews Upstox is Rated 2.6 / 5 based on 55 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire Upstox Enquire
Contact Broker
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ICICIDirect Vs Upstox Investment Options

  ICICIDirect Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIDirect Vs Upstox Customer Service

  ICICIDirect Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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ICICIDirect Vs Upstox Order Type Offered

  ICICIDirect Upstox
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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ICICIDirect Vs Upstox Research Report

  ICICIDirect Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIDirect Vs Upstox Suitable For Investor Type

  ICICIDirect Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIDirect Vs Upstox - Advantages and Disadvantages

  ICICIDirect Upstox
Pros
  • 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...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

Cons
  • 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...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback
Enquire ICICIDirect Enquire Upstox
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