Upstox Vs iTradeOnline (Compare Upstox and iTradeOnline)

The side-by-side comparison of Upstox and iTradeOnline. Compare Upstox Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Upstox vs 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... Know more about Upstox


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 ₹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 f... Know more about iTradeOnline by Trustline

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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
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic Pay Per Trade
Year of Incorporation 2012
Number of Branches 4
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
Enquire UpstoxEnquire iTradeOnline
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Upstox Vs iTradeOnline Charges & AMC

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

  Upstox iTradeOnline
Trading Account Opening Charges ₹249 ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Upstox Vs iTradeOnline Brokerage Charges & Plans

Upstox Vs iTradeOnline Brokerage

Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  Upstox iTradeOnline
Account Type Upstox Basic Pay Per Trade
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or 0.05% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Upstox Vs iTradeOnline Brokerage Plan 2

  Upstox iTradeOnline
Account Type Upstox Priority (Higher Margin) Pay Per Trade
Fixed Charges NA ₹0
Equity Delivery Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹30 per executed order ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per executed order ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹30 per executed order
Enquire UpstoxEnquire iTradeOnline

Upstox Charges Vs iTradeOnline

Minimum Brokerage Charges 0.05% ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹20 per trade ₹0 (Free)
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Upstox Vs iTradeOnline Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Upstox iTradeOnline
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹210 per Cr (0.0021%) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity Group A - ₹290 per Cr (0.0029%) MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Upstox Vs iTradeOnline Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  Upstox iTradeOnline
Equity Delivery 1x (no margin) Upto 5x (based on the stock)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Upto 20x (based on the stock)
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
Enquire UpstoxEnquire iTradeOnline
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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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 3:15 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Option strategy builder
Referral Program Yes
Enquire UpstoxEnquire iTradeOnline
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Upstox Vs iTradeOnline Review

Upstox is rated 2.5 of 5 based on 84 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Upstox iTradeOnline
  84 Customer Reviews    Rate Upstox 7 Customer Reviews    Rate iTradeOnline
Fees 3.6 3.9
Trading Brokerage 3.6 4.1
Trading Platform Usability 2.7 3.9
Customer Service 2.4 3.7
Research Capabilities 2.4 1.0
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating Upstox is rated 2.5 of 5 based on 84 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire iTradeOnline Enquire
Contact Broker

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Upstox Vs iTradeOnline Investment Options

  Upstox iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds No No
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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Upstox Vs iTradeOnline Order Type Offered

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

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

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

  Upstox iTradeOnline
Pros
  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.
  9. 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.
  • 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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • 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

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire UpstoxEnquire iTradeOnline

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