Unlimited Trading @ Rs 899 per month - Prostocks

IIFL Vs Upstox (Compare IIFL and Upstox)

The side-by-side comparison of IIFL and Upstox. Compare IIFL Vs Upstox brokerage, charges, exposure margin, demat account. Read Upstox and IIFL review.

Find out IIFL Vs Upstox which is better and IIFL Vs Upstox which is best.

Our IIFL Securities Limited comparison with Upstox highlights the major differences between two brokers. Find the best between IIFL and Upstox.

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IIFL Vs Upstox

  IIFL Upstox
Find more info about broker
IIFL Securities 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 IIFL Securities 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 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.
Year of Incorporation 1996 2012
Number of Branches 900 4
Enquire IIFL Enquire Upstox
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IIFL Vs Upstox Charges

  IIFL 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 ₹ 400 (One time) ₹150
Demat Account is Mandatory? No No
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IIFL Vs Upstox Brokerage

Brokerage Plan 1

  IIFL Upstox
Account Type Standard Account Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order
Equity Futures Brokerage 0.05% ₹20 per executed order
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order
Currency Futures Trading Brokerage ₹25 per lot ₹20 per executed order
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
Special Offer: FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

Brokerage Plan 2

  IIFL Upstox
Account Type Standard Account Upstox Priority
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹30 per executed order
Equity Futures Brokerage 0.05% ₹30 per executed order
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹30 per executed order
Currency Futures Trading Brokerage ₹25 per lot ₹30 per executed order
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹30 per executed order
Commodity Futures Trading Brokerage 0.05% ₹30 per executed order
Commodity Options Trading Brokerage ₹30 per executed order

Other Charges

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

  IIFL Upstox
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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IIFL Vs Upstox Transaction Charges

  IIFL 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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IIFL Vs Upstox Exposure Margin

  IIFL 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 Futures Upto 3x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Commodity Options
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IIFL and Upstox Feature Comparison

  IIFL 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) Yes
Margin Against Shares (Equity F&O) Yes
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
Referral Program Yes
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IIFL Vs Upstox Review

  IIFL Upstox
  108 Customer Reviews    Rate IIFL 65 Customer Reviews    Rate Upstox
Fees 2.9 3.6
Trading Brokerage 2.6 3.7
Trading Platform Usability 3.3 2.7
Customer Service 2.7 2.5
Research Capabilities 3.0 2.5
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 108 customer reviews Upstox is Rated 2.6 / 5 based on 65 customer reviews
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Contact Broker / Request A Call Back

  IIFL Enquire Upstox Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

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IIFL Vs Upstox Investment Options

  IIFL 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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IIFL Vs Upstox Customer Service

  IIFL Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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IIFL Vs Upstox Order Type Offered

  IIFL 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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IIFL Vs Upstox Research Report

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

  IIFL Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes
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IIFL Vs Upstox - Advantages and Disadvantages

  IIFL 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
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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