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Upstox Vs Nirmal Bang (Compare Upstox and Nirmal Bang)

Upstox Logo

About 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 Securities Pvt Ltd Logo

About 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 2012 1986
Number of Branches 4 2000
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Upstox Vs Nirmal Bang Charges & AMC

Upstox trading account opening charges is Rs 249 while Nirmal Bang account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 0 (Free) and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Upstox Nirmal Bang
Trading Account Opening Charges Rs 249 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 0 (Free) Rs 200

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Upstox Vs Nirmal Bang Brokerage

Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low 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%.

Account Type Upstox Default Nirmal Bang Basic Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 2.5% whichever is low 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: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today.

Upstox Charges Vs Nirmal Bang

Minimum Brokerage 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade

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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
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Upstox Vs Nirmal Bang Leverage (Margin)

Upstox margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nirmal Bang margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Upstox Nirmal Bang
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 No Yes
Margin Against Shares (Equity Cash) No
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
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Upstox Vs Nirmal Bang Review

Upstox is rated 2.4 of 5 based on 122 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Upstox Nirmal Bang
  122 Customer Reviews    Rate Upstox 19 Customer Reviews    Rate Nirmal Bang
Fees 3.4 3.6
Brokerage 3.5 3.5
Trading Platform 2.6 2.6
Customer Service 2.3 2.3
Research Capabilities 2.3 3.0
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating Upstox is rated 2.4 of 5 based on 122 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews

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Contact Broker / Request A Call Back

  Upstox Enquire Nirmal Bang Enquire
Contact Broker Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today. 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
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 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
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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 Yes
Active Investor Yes
Trader Yes

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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 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 of Rs 50 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.
  • Doesn't offer digital gold.
  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

Flat Rs 20 per Trade Brokerage

  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 Brokerage for Mutual Funds.
  • Rs 0 Demat AMC.
  • Trade with the best trading platform.

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

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Compare Upstox Compare Nirmal Bang
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