ICICIdirect Vs Upstox (Compare ICICIdirect and Upstox)

ICICIdirect Vs Upstox

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

	ICICIdirect	Upstox
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	2012
Number of Branches	154	4
	Open ICICIdirect Account	Open Upstox Account

ICICIdirect Vs Upstox Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Upstox Demat Account AMC Charges is Rs 150.

	ICICIdirect	Upstox
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 150

ICICIdirect Vs Upstox Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type	ICICIdirect ICICI Neo Plan	Upstox Default
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 0 (Free)	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 20 per order	Rs 20 per executed order
Currency Futures	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
Special Offer	Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now	Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs Upstox Brokerage Plan 2

	ICICIdirect	Upstox
Account Type	I-Secure Plan	Default
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.275%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.05%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 95 per lot	Rs 20 per executed order
Currency Futures	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per order	Rs 20 per executed order
	Open ICICIdirect Account	Open Upstox Account

ICICIdirect Charges Vs Upstox

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	0.05%
Other Charges	Margin Trading Interest: 0.025% Per day	Auto Square-off Charges: Rs 50
Call & Trade Charges	Rs 50 per trade	Rs 20 per trade

ICICIdirect Vs Upstox Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

	ICICIdirect	Upstox
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 200 per Cr (0.002%)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	Group A - Rs 290 per Cr (0.0029%)
	Open ICICIdirect Account	Open Upstox Account

ICICIdirect Vs Upstox Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	Upstox
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open ICICIdirect Account	Open Upstox Account

Compare ICICIdirect and Upstox Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

	ICICIdirect	Upstox
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader	Option strategy builder
	Open ICICIdirect Account	Open Upstox Account

ICICIdirect Vs Upstox Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas Upstox is rated 2.4 of 5 based on 136 customer reviews.

	ICICIdirect	Upstox
	465 Customer Reviews	136 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 465 customer reviews	Upstox is rated 2.4 of 5 based on 136 customer reviews

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ICICIdirect Vs Upstox Investment Options

	ICICIdirect	Upstox
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICIdirect Vs Upstox Order Type Offered

	ICICIdirect	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Upstox Account

ICICIdirect Vs Upstox Research Report

	ICICIdirect	Upstox
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Upstox Suitable For Investor Type

	ICICIdirect	Upstox
Casual Investor
Active Investor
Trader

ICICIdirect Vs Upstox - Pros and Cons

	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.	Zero account opening fee. Zero brokerage for Mutual Fund investment. Flat Rs 20 per trade brokerage for all other segments including equity delivery. Offer direct mutual funds. One app for trading in equity, currency, and commodity. Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000. Margin Against Share is available Online IPO, FPO, Bonds, and NCD's are available. Good-Till-Triggered (GTT) orders are available.
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. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades. Doesn't offer unlimited trading plans. Doesn't offer margin funding for delivery trades. Doesn't offer stock tips or recommendations. Doesn't offer a 3-in-1 account. Doesn't offer 24/7 customer support. Doesn't offer API access for automated trading. Doesn't offer NRI Trading and Demat account. Doesn't offer BTST Doesn't offer digital gold. Call-and-trade fee is Rs 20 per executed order extra. Automatic settlement charges an additional Rs 50 per executed order. Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers	ICICIdirect Special Offer ICICIdirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 5 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	Upstox Special Offer Exclusive offer by Upstox Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades. Pay Rs 0 commission for Mutual Funds. It is a limited-time offer. Open Instant Account and start trading the same day.
	Open ICICIdirect Account	Open Upstox Account