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, leverage, margin, demat account and intraday trading. Find which is best Upstox vs Nirmal Bang?


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


Nirmal Bang
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 Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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Upstox Vs Nirmal Bang

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  Upstox Nirmal Bang
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Upstox Basic Basic Plan
Year of Incorporation 2012 1986
Number of Branches 4 2000
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.
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Upstox Vs Nirmal Bang Charges & AMC

Upstox trading account opening charges is ₹249 while Nirmal Bang account opening changes is ₹0. Upstox Demat Account AMC Charges is ₹300 and Nirmal Bang Demat Account AMC Charges is ₹200.

  Upstox Nirmal Bang
Trading Account Opening Charges ₹249 ₹0
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 (Free) ₹0
Demat Account AMC Charges ₹300 ₹200
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Upstox Vs Nirmal Bang Brokerage Charges & Plans

Upstox Vs Nirmal Bang Brokerage

Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Upstox Nirmal Bang
Account Type Upstox Basic Basic Plan
Fixed Charges NA NA
Equity Delivery Brokerage ₹0 (Free) 0.2%
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Equity Options Brokerage ₹20 per executed order ₹35
Currency Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.02%
Currency Options Trading Brokerage ₹20 per executed order ₹20
Commodity Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.01%
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

Upstox Vs Nirmal Bang Brokerage Plan 2

  Upstox Nirmal Bang
Account Type Upstox Priority (Higher Margin) Basic Plan
Fixed Charges NA NA
Equity Delivery Brokerage ₹0 0.2%
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Equity Options Brokerage ₹30 per executed order ₹35
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.02%
Currency Options Trading Brokerage ₹30 per executed order ₹20
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹30 per executed order
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Upstox Charges Vs Nirmal Bang

Minimum Brokerage Charges 0.05%
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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Upstox Vs Nirmal Bang Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while Nirmal Bang exchange transaction charges for options is ₹5700.

  Upstox Nirmal Bang
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) ₹390
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) ₹390
Equity Futures NSE ₹210 per Cr (0.0021%) ₹240
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) ₹5700
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) ₹240
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium) ₹5700
Commodity Group A - ₹290 per Cr (0.0029%) ₹250
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Upstox Vs Nirmal Bang Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

  Upstox Nirmal Bang
Equity Delivery 1x (no margin) upto 10x
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Upto 4x
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Upto 4x
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x Upto 2x for shorting
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Upto 2x for shorting
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x Upto 3x
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Upto 3x
Commodity Options
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Compare Upstox and Nirmal Bang Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  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 is rated 2.5 of 5 based on 96 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews.

  Upstox Nirmal Bang
  96 Customer Reviews    Rate Upstox 16 Customer Reviews    Rate Nirmal Bang
Fees 3.5 3.8
Trading Brokerage 3.5 3.4
Trading Platform Usability 2.7 2.6
Customer Service 2.3 2.3
Research Capabilities 2.3 2.5
Overall Ratings Rated 2.5 stars Rated 2.5 stars
Broker Rating Upstox is rated 2.5 of 5 based on 96 customer reviews Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews
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Contact Broker / Request A Call Back

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

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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) Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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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) No No
Sell Today Buy Tomorrow (STBT) No 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 - Pros and Cons

  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.
  9. Online IPO, FPO, Bonds and NCD's are available.
  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
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.
  • Doesn't offer BTST facility.
  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.
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.

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