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IDBI Capital Vs Upstox Share Broker Comparison

The side-by-side comparison of IDBI Capital Markets and Securities Ltd and Upstox stock brokers in India. The comparison below highlights the similarities and differences between IDBI Capital 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 IDBI Capital and Upstox.

  IDBI Capital Markets and Securities Ltd Upstox
 
IDBI Capital Markets and Securities Ltd Logo Upstox Logo
About the Broker 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 Part... Know more about IDBI Capital Markets and Securities 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, NSDL BSE, NSE, MCX
Account Type Paisa Power Classic Upstox Basic
Broker Enquiry Open an Online Trading Account with IDBI Capital. 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

  IDBI Capital Markets and Securities Ltd Upstox
Trading Account Opening Fees Rs 500 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC NIL ₹0
Demat Account Opening Fees NIL ₹0
Demat Account AMC Rs 450 ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  IDBI Capital Markets and Securities Ltd Upstox
Account Type Paisa Power Classic Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage Rs 100 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage NA ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage NA ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage NA ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  IDBI Capital Markets and Securities Ltd Upstox
Account Type Paisa Power Classic Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage Rs 100 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage NA ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage NA ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage NA ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower. ₹0
Other Brokerage Charges
Call & Trade Charges Nil ₹20 per trade
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Taxes

  IDBI Capital Markets and Securities Ltd Upstox
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  IDBI Capital Markets and Securities Ltd Upstox
Equity Delivery 0.00325% NSE ₹325 | BSE ₹275
Equity Intraday 0.00325% NSE ₹325 | BSE ₹275
Equity Futures 0.0019% NSE ₹210
Equity Options 0.051% on premium NSE ₹5500
Currency Futures NA ₹150
Currency Options NA ₹6000
Commodity NA MCX ₹260/Cr
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Exposure

  IDBI Capital Markets and Securities Ltd Upstox
Equity Delivery Nil 2.5x
Equity Intraday Upto 4x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Nil Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  IDBI Capital Markets and Securities Ltd 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 Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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 3:15 PM
Other Features Morning Report, Equity SIP, Investment Guide Option strategy builder
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Broker Ratings (Average User Rating)

  IDBI Capital Markets and Securities Ltd Upstox
  37 Customer Reviews    Rate IDBI Capital 49 Customer Reviews    Rate Upstox
Fees Ratings 3.2 3.8
Trading Brokerage Rating 2.6 3.6
Trading Platform Usability 2.6 2.9
Customer Service Ratings 2.9 2.5
Overall Ratings Rated 2.8 stars Rated 2.6 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Markets and Securities Ltd Upstox
Contact / Request Call Back
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Investment Options Available

  IDBI Capital Markets and Securities Ltd Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Customer Service Offered

  IDBI Capital Markets and Securities Ltd Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  IDBI Capital Markets and Securities Ltd Upstox
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  IDBI Capital Markets and Securities Ltd Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  IDBI Capital Markets and Securities Ltd Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  IDBI Capital Markets and Securities Ltd Upstox
Pros - Prepaid plans are available for volume traders.

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 - Additional charge of Rs 2000 per year for installable trading platform.

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 Useful articles about Upstox:
Promo / Offers

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.

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