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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 What is this parameter? Discount Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type What is this parameter? 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.
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Stock Broker Fees / Charges

  Upstox Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees What is this parameter? ₹150 (Eq and F&O), ₹150 (MCX) Rs 0
Trading Account AMC What is this parameter? ₹0 Rs 0
Demat Account Opening Fees What is this parameter? ₹0 Rs 0
Demat Account AMC What is this parameter? ₹150 (paid upfront) Rs 200
Demat Account is Mandatory? What is this parameter? 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 What is this parameter? ₹0
Equity Delivery Brokerage What is this parameter? ₹0 0.2%
Equity Intraday Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.02%
Equity Futures Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.02%
Equity Options Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Rs 35
Currency Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.02%
Currency Options Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) Rs 20
Commodity Futures Trading Brokerage What is this parameter? ₹20 per trade or 0.01% (whichever is lower) 0.01%
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

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

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0
Other Brokerage Charges What is this parameter?
Call & Trade Charges What is this parameter? ₹20 per trade
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Taxes

  Upstox Nirmal Bang Securities Pvt Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 What is this parameter? NSE ₹325 | BSE ₹275 ₹390
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 ₹390
Equity Futures What is this parameter? NSE ₹210 ₹240
Equity Options What is this parameter? NSE ₹5500 ₹5700
Currency Futures What is this parameter? ₹150 ₹240
Currency Options What is this parameter? ₹6000 ₹5700
Commodity What is this parameter? MCX ₹260/Cr ₹250
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Exposure

  Upstox Nirmal Bang Securities Pvt Ltd
Equity Delivery What is this parameter? 1x
Equity Intraday What is this parameter? Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options What is this parameter? Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity What is this parameter? Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Upstox Nirmal Bang Securities Pvt Ltd
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No Yes
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Odin Diet
Intraday Square-off Time What is this parameter? 3:15 PM 3:15
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Upstox Nirmal Bang Securities Pvt Ltd
  46 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 46 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 What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No Yes
Mutual Funds What is this parameter? No Yes
Bond / NCD What is this parameter? No Yes
Debt What is this parameter? No Yes
Other Investment Options What is this parameter?
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Customer Service Offered

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

  Upstox Nirmal Bang Securities Pvt Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Upstox Nirmal Bang Securities Pvt Ltd
Daily Market Report What is this parameter? No Yes
Free Tips What is this parameter? No Yes
Quarterly Result Analysis What is this parameter? No Yes
News Alerts What is this parameter? No Yes
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Suitable for Investor Category

  Upstox Nirmal Bang Securities Pvt Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Upstox Nirmal Bang Securities Pvt Ltd
Pros What is this parameter?
  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 What is this parameter?
  • 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.

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 What is this parameter? Useful articles about Upstox:
Promo / Offers What is this parameter?

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

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