Indiabulls Vs Upstox (Compare Indiabulls and Upstox)


Indiabulls
Indiabulls Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero interest margin funding. Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more... Know more about Indiabulls Ventures Limited


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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Indiabulls Vs Upstox

Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Indiabulls Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE and MCX BSE, NSE, MCX
Year of Incorporation 2000 2012
Number of Branches 18 4
Open an Online Trading Account with Indiabulls.Open an Online Trading Account with Upstox.
Enquire IndiabullsOpen Upstox Account
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Indiabulls Vs Upstox Charges & AMC

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

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

Indiabulls Vs Upstox Brokerage

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

  Indiabulls Upstox
Account Type Equity Unlimited Trade Default
Fixed Charges Rs 1000 NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per trade Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 15 per trade Rs 20 per executed order
Currency Futures Rs 15 per trade Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 15 per trade Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options 0.03% Rs 20 per executed order
Special Offer
Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the 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.

Indiabulls Vs Upstox Brokerage Plan 2

  Indiabulls Upstox
Account Type F&O Unlimited Trade Default
Fixed Charges Rs 1000 NA
Equity Delivery Rs 15 per trade Rs 0 (Free)
Equity Intraday Rs 15 per trade 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 0 (Free) Rs 20 per executed order
Currency Futures Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 0 (Free) Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options 0.03% Rs 20 per executed order
Enquire IndiabullsOpen Upstox Account

Indiabulls Vs Upstox Brokerage Plan 3

  Indiabulls Upstox
Account Type Base Plan Default
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 15 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 15 per executed order Rs 20 per executed order
Currency Futures Rs 15 per executed order Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 15 per executed order Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options 0.03% Rs 20 per executed order
Enquire IndiabullsOpen Upstox Account

Indiabulls Charges Vs Upstox

Minimum Brokerage Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan) 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 0 (Free) Rs 20 per trade
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Indiabulls Vs Upstox Transaction Charges

Indiabulls transaction charges for options is Rs 5500 per crore (on premium) (0.055%) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Indiabulls Upstox
Equity Delivery Rs 325 per crore (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per crore (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 250 per crore (0.0025%) NSE Rs 200 per Cr (0.002%)
Equity Options Rs 5500 per crore (on premium) (0.055%) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures Rs 250 per crore (0.0025%) NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options Rs 5500 per crore (on premium) (0.055%) NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
Enquire IndiabullsOpen Upstox Account
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Indiabulls Vs Upstox Leverage (Margin)

Indiabulls 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.

  Indiabulls 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)
Enquire IndiabullsOpen Upstox Account
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Compare Indiabulls and Upstox Features

The trading platforms offered Indiabulls include SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB). Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Indiabulls Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB) Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:00 PM
Other Features Live News, World market summary Option strategy builder
Referral Program Yes
Enquire IndiabullsOpen Upstox Account
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Indiabulls Vs Upstox Review

Indiabulls is rated 3.2 of 5 based on 50 customer reviews whereas Upstox is rated 2.4 of 5 based on 117 customer reviews.

  Indiabulls Upstox
  50 Customer Reviews    Rate Indiabulls 117 Customer Reviews    Rate Upstox
Fees 3.4 3.4
Brokerage 3.1 3.5
Trading Platform 3.7 2.6
Customer Service 3.0 2.3
Research Capabilities 2.4 2.3
Overall Ratings Rated 3.2 stars Rated 2.4 stars
Broker Rating Indiabulls is rated 3.2 of 5 based on 50 customer reviews Upstox is rated 2.4 of 5 based on 117 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Enquire Upstox Enquire
Contact Broker FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the 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.
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Indiabulls Vs Upstox Investment Options

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

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

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

  Indiabulls Upstox
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Indiabulls Vs Upstox - Pros and Cons

  Indiabulls Upstox
Pros
  • Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  • Interest-free Margin Funding in Unlimited Trading plan.
  • Margin funding is available at a low cost of 12% per annum in Rs 15/trade plan.
  • Free trading software.
  • Free research reports and trading tips to all the customers.
  • Years of experience, trust and good track record in stock broker business.
  • 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
  • Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App.
  • Local branch support is not available to online customers.
  • Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans.
  • Margin against share is not available in Unlimited Trading Plans.
  • 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

Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.

Get this limited time offer

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 IndiabullsOpen Upstox Account

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