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Upstox Vs iTradeOnline (Compare Upstox and iTradeOnline)

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...

iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available...

Upstox Vs iTradeOnline

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Upstox	iTradeOnline
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2012
Number of Branches	4

	Open Upstox Account	Enquire iTradeOnline

Upstox Vs iTradeOnline Charges & AMC

Upstox trading account opening charges is Rs 249 while iTradeOnline account opening changes is Rs 0 (Free). Upstox Demat Account AMC Charges is Rs 300 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	Upstox	iTradeOnline
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)	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 300	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

Upstox Vs iTradeOnline Brokerage Charges & Plans

Upstox Vs iTradeOnline 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 iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

	Upstox	iTradeOnline
Account Type	Default	Pay Per Trade
Fixed Charges	NA	Rs 0
Equity Delivery	Rs 0 (Free)	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order or .01% whichever is lower
Equity Futures	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Currency Futures	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order or .01% whichever is lower
Commodity Options	Rs 20 per executed order
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: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Upstox Charges Vs iTradeOnline

Minimum Brokerage	0.05%	Rs 0 (No Minimum Brokerage)
Other Charges	Auto Square-off Charges: Rs 50	Physical contact notes: Rs 20
Call & Trade Charges	Rs 20 per trade	Rs 0 (Free)

Upstox Vs iTradeOnline Transaction Charges

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

	Upstox	iTradeOnline
Equity Delivery	NSE Rs 345 per Cr (0.00345%) \| BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per crore \| BSE Rs 1.5/trade (each side)
Equity Intraday	NSE Rs 345 per Cr (0.00345%) \| BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 per crore \| BSE Rs 1.5/trade (each side)
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 190 per crore (0.0019%)
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 130 per Cr (0.0013%) \| BSE Rs 26 per Cr (0.00026%)	NSE Rs 90/cr (0.0009%) \| BSE Rs 18/cr (0.00018%)
Currency Options	NSE Rs 2900 per Cr (0.029%) \| BSE Rs 2600 per Cr (0.026%) (on premium)	NSE Rs 4000 (on premium) per cr (0.04%) \| BSE Rs 1500
Commodity	Group A - Rs 290 per Cr (0.0029%)	MCX Rs 260/Cr (0.0026%) \| NCDEX Rs 600/cr (0.006%)
	Open Upstox Account	Enquire iTradeOnline

Upstox Vs iTradeOnline 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 iTradeOnline 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	iTradeOnline
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)
	Open Upstox Account	Enquire iTradeOnline

Compare Upstox and iTradeOnline Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	Upstox	iTradeOnline
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time	3:00 PM	Equity: 3:15 PM, Commodity: 11:15 PM
Other Features	Option strategy builder
Referral Program
	Open Upstox Account	Enquire iTradeOnline

Upstox Vs iTradeOnline Review

Upstox is rated 2.4 of 5 based on 114 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	Upstox	iTradeOnline
	114 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Upstox is rated 2.4 of 5 based on 114 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

Contact Broker / Request A Call Back

	Upstox Enquire	iTradeOnline 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.	Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback Name Phone # Email City Name State Are you a day trader?

Upstox Vs iTradeOnline Investment Options

	Upstox	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

Upstox Vs iTradeOnline Order Type Offered

	Upstox	iTradeOnline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Upstox Account	Enquire iTradeOnline

Upstox Vs iTradeOnline Research Report

	Upstox	iTradeOnline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Upstox Vs iTradeOnline Suitable For Investor Type

	Upstox	iTradeOnline
Casual Investor
Active Investor
Trader

Upstox Vs iTradeOnline - Pros and Cons

	Upstox	iTradeOnline
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.	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
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.	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.
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.	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
	Open Upstox Account	Enquire iTradeOnline

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Upstox	iTradeOnline
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