Chittorgarh.com
Free Trading + Demat Account

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 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 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 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.
Expand

Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Upstox
Trading Account Opening Fees What is this parameter? ₹975 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC What is this parameter? ₹0 ₹0
Demat Account Opening Fees What is this parameter? ₹0 ₹0
Demat Account AMC What is this parameter? ₹600 ₹150 (paid upfront)
Demat Account is Mandatory? What is this parameter? No No
Expand

Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Upstox
Account Type 3-in-1 Account (I-Secure Plan) Upstox Basic
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% ₹0
Equity Intraday Brokerage What is this parameter? 0.275% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage What is this parameter? ₹95 to ₹35 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹25 to ₹10 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage What is this parameter? NA ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Upstox
Account Type I-Saver Plan Upstox Priority
Fixed Charges What is this parameter? ₹0
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% ₹0
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage What is this parameter? ₹95 to ₹65 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage What is this parameter? ₹95 to ₹65 per lot ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage What is this parameter? NA ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹35 per trade ₹0
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹25 per call after first 20 free calls per month ₹20 per trade
Expand

Taxes

  ICICI Securities Pvt Ltd. Upstox
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
Expand

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
Expand

Exposure

  ICICI Securities Pvt Ltd. Upstox
Equity Delivery What is this parameter? 1x
Equity Intraday What is this parameter? Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity What is this parameter? Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Expand

Share Broker Features

  ICICI Securities Pvt Ltd. Upstox
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No 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? Yes No
Margin Against Shares (Equity Cash) What is this parameter? Yes
Margin Against Shares (Equity F&O) What is this parameter? Yes
Trading Platform What is this parameter? ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time What is this parameter? 3:30 PM 3:15 PM
Other Features What is this parameter?
Expand

Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Upstox
  395 Customer Reviews    Rate ICICIDirect 46 Customer Reviews    Rate Upstox
Fees Ratings 2.3 3.7
Trading Brokerage Rating 1.7 3.6
Trading Platform Usability 3.4 2.8
Customer Service Ratings 2.8 2.4
Overall Ratings Rated 2.5 stars Rated 2.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 395 customer reviews Upstox is Rated 2.5 / 5 based on 46 customer reviews
Expand

Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Upstox
Contact / Request Call Back
Expand

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? Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
Expand

Customer Service Offered

  ICICI Securities Pvt Ltd. Upstox
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
Expand

Order Type

  ICICI Securities Pvt Ltd. Upstox
Bracket Order What is this parameter? No
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter? Yes
Sell Today Buy Tomorrow (STBT) What is this parameter? No
After Market Order(AMO) What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? Yes
Expand

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
Expand

Suitable for Investor Category

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

Expand

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...

  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 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...

  • 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.

More Disadvantages...

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

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.

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

Enquire about ICICIDirect Enquire about Upstox
Compare More Brokers



Message Board

Stock Message Board


Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App