Upstox Vs Indira Securities (Compare Upstox and Indira Securities)


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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Upstox Vs Indira Securities

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Upstox Indira Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 2012 1987
Number of Branches 4 335
Open an Online Trading Account with Upstox.Open an Online Trading Account with Indira Securities.
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Upstox Vs Indira Securities Charges & AMC

Upstox trading account opening charges is Rs 249 while Indira Securities account opening changes is Rs 0 (Free). Upstox Demat Account AMC Charges is Rs 300 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Upstox Indira Securities
Trading Account Opening Charges Rs 249 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 450 (Free for 1st year)
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Upstox Vs Indira Securities Brokerage Charges & Plans

Upstox Vs Indira Securities Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  Upstox Indira Securities
Account Type Default Traditional Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.10%
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower 0.01%
Equity Futures Rs 20 per executed order or 0.05% whichever is lower 0.01%
Equity Options Rs 20 per executed order Rs 25 per lot (both side)
Currency Futures Rs 20 per executed order or 0.05% whichever is lower 0.01%
Currency Options Rs 20 per executed order Rs 25 per lot (both side)
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower 0.01%
Commodity Options Rs 20 per executed order Rs 25 per lot (both side)
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.
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Upstox Vs Indira Securities Brokerage Plan 2

  Upstox Indira Securities
Account Type Default Discount Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order
Equity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order
Currency Options Rs 20 per executed order Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 20 per executed order
Commodity Options Rs 20 per executed order Rs 20 per executed order
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Upstox Charges Vs Indira Securities

Minimum Brokerage 0.05% Rs 20 per executed order
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Upstox Vs Indira Securities Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  Upstox Indira Securities
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%)
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE Rs 120 per Cr (0.0012%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%) Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Upstox Vs Indira Securities Leverage (Margin)

Upstox margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities 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.

  Upstox Indira Securities
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 Upstox and Indira Securities Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Indira Securities offers ODIN trading software.

  Upstox Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola ODIN
Intraday Square-off Time 3:00 PM 3:15 PM
Other Features Option strategy builder
Referral Program Yes Yes
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Upstox Vs Indira Securities Review

Upstox is rated 2.4 of 5 based on 117 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  Upstox Indira Securities
  117 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate Indira Securities
Fees 3.4 2.3
Brokerage 3.5 4.3
Trading Platform 2.6 4.0
Customer Service 2.3 4.0
Research Capabilities 2.3 4.3
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating Upstox is rated 2.4 of 5 based on 117 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Indira Securities Enquire
Contact Broker 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. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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Upstox Vs Indira Securities Investment Options

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

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

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

  Upstox Indira Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Upstox Vs Indira Securities - Pros and Cons

  Upstox Indira Securities
Pros
  • 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.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  • 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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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.

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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