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India Infoline (IIFL) Vs Upstox Share Broker Comparison

The side-by-side comparison of India Infoline Limited and Upstox stock brokers in India. The comparison below highlights the similarities and differences between India Infoline (IIFL) 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 India Infoline (IIFL) and Upstox.

  India Infoline Limited Upstox
 
India Infoline Limited Logo Upstox Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited 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 NSE, BSE, MCX BSE, NSE, MCX
Account Type Standard Account Upstox Basic
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). 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

  India Infoline Limited Upstox
Trading Account Opening Fees ₹750 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 555 (One time) ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  India Infoline Limited Upstox
Account Type Standard Account 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 1% of Premium or ₹100 per lot whichever is high ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage Rs 25 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 2

  India Infoline Limited Upstox
Account Type Standard Account 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 1% of Premium or ₹100 per lot whichever is high ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage Rs 25 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage 0.05% ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Rs 0.05 per share ₹0
Other Brokerage Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call ₹20 per trade
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Taxes

  India Infoline Limited 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

  India Infoline Limited Upstox
Equity Delivery 0.00325% NSE ₹325 | BSE ₹275
Equity Intraday 0.00325% NSE ₹325 | BSE ₹275
Equity Futures 0.0021% NSE ₹210
Equity Options 0.051% on premium NSE ₹5500
Currency Futures 0.0021% ₹150
Currency Options 0.051% on premium ₹6000
Commodity 0.0028% MCX ₹260/Cr
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Exposure

  India Infoline Limited Upstox
Equity Delivery Upto 3x with 18% interest per year 2.5x
Equity Intraday Upto 20x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Upto 3x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options 3x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Upto 2x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options 2x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Upto 3x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  India Infoline Limited Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM
Other Features Market Mantra, Loyalty Points Option strategy builder
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Broker Ratings (Average User Rating)

  India Infoline Limited Upstox
  103 Customer Reviews    Rate India Infoline (IIFL) 49 Customer Reviews    Rate Upstox
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.7 3.6
Trading Platform Usability 3.3 2.9
Customer Service Ratings 2.7 2.5
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited Upstox
Contact / Request Call Back
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Investment Options Available

  India Infoline Limited Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD No
Debt Yes No
Other Investment Options
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Customer Service Offered

  India Infoline Limited Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  India Infoline Limited Upstox
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  India Infoline Limited 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

  India Infoline Limited Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  India Infoline Limited Upstox
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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 Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

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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