IDBI Capital Vs Upstox (Compare IDBI Capital and Upstox)


IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd


Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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IDBI Capital Vs Upstox

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  IDBI Capital Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, NSDL BSE, NSE, MCX
Year of Incorporation 1993 2012
Number of Branches 14 4
Open an Online Trading Account with IDBI Capital.Open an Online Trading Account with Upstox.
Enquire IDBI CapitalOpen Upstox Account
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IDBI Capital Vs Upstox Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while Upstox account opening changes is Rs 249. IDBI Capital Demat Account AMC Charges is Rs 450 and Upstox Demat Account AMC Charges is Rs 300.

  IDBI Capital Upstox
Trading Account Opening Charges Rs 500 Rs 249
Trading Account AMC Charges NIL Rs 0 (Free)
Demat Account Opening Charges NIL Rs 0 (Free)
Demat Account AMC Charges Rs 450 Rs 300
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IDBI Capital Vs Upstox Brokerage Charges & Plans

IDBI Capital Vs Upstox Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  IDBI Capital Upstox
Account Type Standard Plan Default
Fixed Charges NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% 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 100 per lot Rs 20 per executed order
Currency Futures NA Rs 20 per executed order or 0.05% whichever is lower
Currency Options NA Rs 20 per executed order
Commodity Futures NA Rs 20 per executed order or 0.05% whichever is lower
Commodity Options NA Rs 20 per executed order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.

IDBI Capital Vs Upstox Brokerage Plan 2

  IDBI Capital Upstox
Account Type Ace Trader Plan Default
Fixed Charges NA
Equity Delivery 0.10% to 0.50% Rs 0 (Free)
Equity Intraday 0.020% to 0.050% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.020% to 0.048% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 100 per lot Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
Enquire IDBI CapitalOpen Upstox Account

IDBI Capital Charges Vs Upstox

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Nil Rs 20 per trade
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IDBI Capital Vs Upstox Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  IDBI Capital Upstox
Equity Delivery 0.00325% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.0019% NSE Rs 200 per Cr (0.002%)
Equity Options 0.051% on premium NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NA NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NA NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity NA Group A - Rs 290 per Cr (0.0029%)
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IDBI Capital Vs Upstox Leverage (Margin)

IDBI Capital margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Upstox margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  IDBI Capital Upstox
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare IDBI Capital and Upstox Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  IDBI Capital Upstox
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Power Pro, Power Streaming, IDBI Direct Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:00 PM 3:00 PM
Other Features Morning Report, Equity SIP, Investment Guide Option strategy builder
Referral Program Yes
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IDBI Capital Vs Upstox Review

IDBI Capital is rated 2.7 of 5 based on 40 customer reviews whereas Upstox is rated 2.4 of 5 based on 117 customer reviews.

  IDBI Capital Upstox
  40 Customer Reviews    Rate IDBI Capital 117 Customer Reviews    Rate Upstox
Fees 3.2 3.4
Brokerage 2.6 3.5
Trading Platform 2.6 2.6
Customer Service 2.8 2.3
Research Capabilities 2.7 2.3
Overall Ratings Rated 2.7 stars Rated 2.4 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 40 customer reviews Upstox is rated 2.4 of 5 based on 117 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire Upstox Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.
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IDBI Capital Vs Upstox Investment Options

  IDBI Capital Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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IDBI Capital Vs Upstox Order Type Offered

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

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

  IDBI Capital Upstox
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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IDBI Capital Vs Upstox - Pros and Cons

  IDBI Capital Upstox
Pros - Prepaid plans are available for volume traders.
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
Cons - Additional charge of Rs 2000 per year for installable trading platform.
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Free Equity Delivery Trading & Mutual Funds

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Enquire IDBI CapitalOpen Upstox Account

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