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Upstox Vs iTradeOnline Share Broker Comparison

The side-by-side comparison of Upstox and iTradeOnline by Trustline stock brokers in India. The comparison below highlights the similarities and differences between Upstox and iTradeOnline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Upstox and iTradeOnline.

  Upstox iTradeOnline by Trustline
 
Upstox Logo iTradeOnline by Trustline Logo
About the Broker 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 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 lo... Know more about iTradeOnline by Trustline
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic Pay Per Trade
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Upstox iTradeOnline by Trustline
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹150 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox iTradeOnline by Trustline
Account Type Upstox Basic Pay Per Trade
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  Upstox iTradeOnline by Trustline
Account Type Upstox Priority Pay Per Trade
Fixed Charges ₹0 ₹0
Equity Delivery Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹20 per trade ₹0 (Free)
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Taxes

  Upstox iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Upstox iTradeOnline by Trustline
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹210 NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5500 NSE ₹5000 per crore (0.05%)
Currency Futures ₹150 NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options ₹6000 NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX ₹260/Cr MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Upstox iTradeOnline by Trustline
Equity Delivery 2.5x 1x (100% Margin Required)
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x Up to 20x
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x NSE: 2x
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x NSE: 2x
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x NSE: 2x
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x NSE: 2x
Commodity Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x MCX Futures: 8x
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Share Broker Features

  Upstox iTradeOnline by Trustline
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)
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 3:15 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Option strategy builder
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Broker Ratings (Average User Rating)

  Upstox iTradeOnline by Trustline
  49 Customer Reviews    Rate Upstox 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.8 4.2
Trading Brokerage Rating 3.6 4.7
Trading Platform Usability 2.9 4.0
Customer Service Ratings 2.5 4.2
Overall Ratings Rated 2.6 stars Rated 4.3 stars
Broker Rating Upstox is Rated 2.6 / 5 based on 49 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Upstox iTradeOnline by Trustline
Contact / Request Call Back
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Investment Options Available

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

  Upstox iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Upstox iTradeOnline by Trustline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  Upstox iTradeOnline by Trustline
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Upstox iTradeOnline by Trustline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Upstox iTradeOnline by Trustline
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.

More Advantages...

  • 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.

More Advantages...

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.
  • 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...

  • 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.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

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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Lifetime FREE AMC Demat Account - 50% Off

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

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