Unlimited Trading @ Rs 899 per month - Prostocks

Upstox Vs Nirmal Bang (Compare Upstox and Nirmal Bang)

The side-by-side comparison of Upstox and Nirmal Bang. Compare Upstox Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Upstox review.

Find out Upstox Vs Nirmal Bang which is better and Upstox Vs Nirmal Bang which is best.

Our Upstox comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Upstox and Nirmal Bang.

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Upstox Vs Nirmal Bang

  Upstox Nirmal Bang
Find more info about broker
Upstox Logo Nirmal Bang Securities Pvt Ltd 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 Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Discount Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Upstox Basic Basic Plan
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 Nirmal Bang. Leave your contact info and we will get in touch with you.
Year of Incorporation 2012 1986
Number of Branches 4 2000
Enquire Upstox Enquire Nirmal Bang
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Upstox Vs Nirmal Bang Charges

  Upstox Nirmal Bang
Trading Account Opening Fees ₹0 (Free) ₹0
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹300 ₹200
Demat Account is Mandatory? No No
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Upstox Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Upstox Nirmal Bang
Account Type Upstox Basic Basic Plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.2%
Equity Intraday Brokerage ₹20 per executed order 0.02%
Equity Futures Brokerage ₹20 per executed order 0.02%
Equity Options Brokerage ₹20 per executed order ₹35
Currency Futures Trading Brokerage ₹20 per executed order 0.02%
Currency Options Trading Brokerage ₹20 per executed order ₹20
Commodity Futures Trading Brokerage ₹20 per executed order 0.01%
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer: FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

Brokerage Plan 2

  Upstox Nirmal Bang
Account Type Upstox Priority Basic Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 0.2%
Equity Intraday Brokerage ₹30 per executed order 0.02%
Equity Futures Brokerage ₹30 per executed order 0.02%
Equity Options Brokerage ₹30 per executed order ₹35
Currency Futures Trading Brokerage ₹30 per executed order 0.02%
Currency Options Trading Brokerage ₹30 per executed order ₹20
Commodity Futures Trading Brokerage ₹30 per executed order 0.01%
Commodity Options Trading Brokerage ₹30 per executed order

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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Upstox Vs Nirmal Bang Taxes

  Upstox Nirmal Bang
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Upstox Vs Nirmal Bang Transaction Charges

  Upstox Nirmal Bang
Equity Delivery NSE ₹325 | BSE ₹275 ₹390
Equity Intraday NSE ₹325 | BSE ₹275 ₹390
Equity Futures NSE ₹210 ₹240
Equity Options NSE ₹5500 ₹5700
Currency Futures ₹150 ₹240
Currency Options ₹6000 ₹5700
Commodity MCX ₹260/Cr ₹250
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Upstox Vs Nirmal Bang Exposure Margin

  Upstox Nirmal Bang
Equity Delivery 2.5x upto 10x
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x Upto 4x
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Upto 4x
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Upto 2x for shorting
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Upto 2x for shorting
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Upto 3x
Commodity Futures Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Upto 3x
Commodity Options
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Upstox and Nirmal Bang Feature Comparison

  Upstox Nirmal Bang
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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15 PM 3:15
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs Nirmal Bang Review

  Upstox Nirmal Bang
  65 Customer Reviews    Rate Upstox 14 Customer Reviews    Rate Nirmal Bang
Fees 3.6 3.7
Trading Brokerage 3.7 3.5
Trading Platform Usability 2.7 2.7
Customer Service 2.5 2.5
Research Capabilities 2.5
Overall Ratings Rated 2.6 stars Rated 2.6 stars
Broker Rating Upstox is Rated 2.6 / 5 based on 65 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Nirmal Bang Enquire
Contact Broker

FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

Leave your contact information and we will get in touch with you....

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Upstox Vs Nirmal Bang Investment Options

  Upstox Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Upstox Vs Nirmal Bang Customer Service

  Upstox Nirmal Bang
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
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Upstox Vs Nirmal Bang Order Type Offered

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

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

  Upstox Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader Yes
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Upstox Vs Nirmal Bang - Advantages and Disadvantages

  Upstox Nirmal Bang
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...

  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

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...

  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.

More Disadvantages...

Reviews
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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