Upstox Vs Nirmal Bang (Compare Upstox and 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

Expand

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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Default Basic Plan
Year of Incorporation 2012 1986
Number of Branches 4 2000
Open an Online Trading Account with Upstox.Open an Online Trading Account with Nirmal Bang.
Open Upstox AccountEnquire Nirmal Bang
Expand

Upstox Vs Nirmal Bang Charges & AMC

Upstox trading account opening charges is Rs 0 (Free) while Nirmal Bang account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Upstox Nirmal Bang
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 Rs 200
Expand

Upstox Vs Nirmal Bang Brokerage Charges & Plans

Upstox Vs Nirmal Bang Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 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 Default Basic Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.2%
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Options Rs 20 per executed order Rs 35
Currency Futures Rs 20 per executed order or 0.05% whichever is lower 0.02%
Currency Options Rs 20 per executed order Rs 20
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower 0.01%
Commodity Options Rs 20 per executed order
Special Offer
Special Offer:

Open Free trading account + Brokerage Rs 0 for Eq Delivery and Rs 20 for Intra-day and F&O + Free Digital Gold (worth Rs 51). It is a limited-time offer. Open Instant Account online and start trading the same day.

Upstox Charges Vs Nirmal Bang

Minimum Brokerage 0.05%
Other Charges
Call & Trade Charges Rs 20 per trade
Expand

Upstox Vs Nirmal Bang Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Upstox Nirmal Bang
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 390
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 390
Equity Futures NSE Rs 200 per Cr (0.002%) Rs 240
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) Rs 5700
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) Rs 240
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) Rs 5700
Commodity Group A - Rs 290 per Cr (0.0029%) Rs 250
Open Upstox AccountEnquire Nirmal Bang
Expand

Upstox Vs Nirmal Bang Leverage (Margin)

Upstox provides the margin of 5x 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 5x Upto 4x
Equity Futures 2x Upto 4x
Equity Options 2x Upto 2x for shorting
Currency Futures 2x Upto 2x for shorting
Currency Options 2x Upto 3x
Commodity Futures 2x Upto 3x
Commodity Options
Open Upstox AccountEnquire Nirmal Bang
Expand

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 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 3:00 PM 3:15
Other Features Option strategy builder
Referral Program Yes
Open Upstox AccountEnquire Nirmal Bang
Expand

Upstox Vs Nirmal Bang Review

Upstox is rated 2.5 of 5 based on 108 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Upstox Nirmal Bang
  108 Customer Reviews    Rate Upstox 19 Customer Reviews    Rate Nirmal Bang
Fees 3.5 3.6
Brokerage 3.5 3.5
Trading Platform 2.7 2.6
Customer Service 2.3 2.3
Research Capabilities 2.4 3.0
Overall Ratings Rated 2.5 stars Rated 2.6 stars
Broker Rating Upstox is rated 2.5 of 5 based on 108 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
Expand

Contact Broker / Request A Call Back

  Upstox Enquire Nirmal Bang Enquire
Contact Broker

Open Free trading account + Brokerage Rs 0 for Eq Delivery and Rs 20 for Intra-day and F&O + Free Digital Gold (worth Rs 51). It is a limited-time offer. Open Instant Account online and start trading the same day.

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

Expand

Upstox Vs Nirmal Bang Investment Options

  Upstox Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
Expand

Upstox Vs Nirmal Bang Order Type Offered

  Upstox Nirmal Bang
Bracket Order No 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
Open Upstox AccountEnquire Nirmal Bang
Expand

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
Expand

Upstox Vs Nirmal Bang Suitable For Investor Type

  Upstox Nirmal Bang
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
Expand

Upstox Vs Nirmal Bang - Pros and Cons

  Upstox Nirmal Bang
Pros
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • 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.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  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

Open Free demat + trading account

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Get Free Digital Gold (worth Rs 51)

It is a limited-time offer. Open Instant Account online and start trading the same day.

Open Upstox AccountEnquire Nirmal Bang

Compare More Brokers...

Upstox Nirmal Bang
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App