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Upstox Vs Nirmal Bang Share Broker Comparison

The side-by-side comparison of Upstox and Nirmal Bang Securities Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Upstox and Nirmal Bang'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 Nirmal Bang.

  Upstox Nirmal Bang Securities Pvt Ltd
 
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
Number of Branches
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Stock Broker Fees / Charges

  Upstox Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) Rs 0
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹0 Rs 0
Demat Account AMC ₹150 Rs 200
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Nirmal Bang Securities Pvt Ltd
Account Type Upstox Basic Basic Plan
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 0.2%
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.02%
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.02%
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) Rs 35
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.02%
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) Rs 20
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Upstox Nirmal Bang Securities Pvt Ltd
Account Type Upstox Priority Basic Plan
Fixed Charges ₹0 NA
Equity Delivery Brokerage ₹0 0.2%
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.02%
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.02%
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) Rs 35
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.02%
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) Rs 20
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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Taxes

  Upstox Nirmal Bang Securities Pvt Ltd
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 Nirmal Bang Securities Pvt Ltd
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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Exposure

  Upstox Nirmal Bang Securities Pvt Ltd
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 Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Upto 3x
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Share Broker Features

  Upstox Nirmal Bang Securities Pvt Ltd
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 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
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Broker Ratings (Average User Rating)

  Upstox Nirmal Bang Securities Pvt Ltd
  50 Customer Reviews    Rate Upstox 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.7 3.7
Trading Brokerage Rating 3.6 3.5
Trading Platform Usability 2.8 2.7
Customer Service Ratings 2.4 2.5
Overall Ratings Rated 2.5 stars Rated 2.6 stars
Broker Rating Upstox is Rated 2.5 / 5 based on 50 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 Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Upstox Nirmal Bang Securities Pvt Ltd
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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Customer Service Offered

  Upstox Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
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Order Type

  Upstox Nirmal Bang Securities Pvt Ltd
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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Research / Tips / Reports Published

  Upstox Nirmal Bang Securities Pvt Ltd
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 Nirmal Bang Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Upstox Nirmal Bang Securities Pvt Ltd
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 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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