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About ICICI Direct
ICICIdirect is one of India’s leading retail stock dealers. It is a subsidiary of the ICICI Group. Over 50 lakh people use its online trading and investment services. Equity, commodity, and currency trading are available at th… >> More

About Upstox
Upstox is a low-cost trading organisation in India that offers trading possibilities at unbelievable pricing. The company offers trading in several areas such as equities, commodities, currenc… >> More

ICICI Direct Vs Upstox

ICICI Direct is a Full Service Broker that was founded in 2000. It provides trading on the BSE and NSE. It has 154 locations in India. Upstox is a Discount Broker that was founded in 2012. It provides trading on the BSE, NSE, and MCX. It has four branches in India.

ICICI DirectUpstox
Type of Broker Full Service BrokerDiscount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 20002012
Number of Branches 1544

ICICI Direct Vs Upstox Charges & AMC

The fee for opening an ICICIdirect trading account is Rs 0 (free), whereas the fee for starting an Upstox account is Rs 0 (free). The AMC charges for an ICICIdirect Demat Account are Rs 300 (from the second year) and Rs 150 for an Upstox Demat Account.

ICICI DirectUpstox
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 150
Upstox-open Upstox Account

ICICI Direct Vs Upstox Brokerage

ICICIdirect costs 0.55% for equity brokerage and Rs 20 per order intraday, whereas Upstox charges Rs 20 per executed order or 2.5% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type ICICI Direct ICICI Neo Plan Upstox Default
Fixed Charges NANA
Equity Delivery 0.55% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order

ICICI Direct Vs Upstox Brokerage Plan 2

ICICI Direct Upstox
Account Type I-Secure Plan Default
Fixed Charges NANA
Equity Delivery 0.55% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.275% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 95 per lot Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order

ICICI Direct Charges Vs Upstox

Minimum Brokerage Rs 35 per trade (I-Secure Plan) 0.05%
Other Charges Margin Trading Interest: 0.025% Per day Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 50 per tradeRs 20 per trade

ICICIdirect Vs Upstox Transaction Charges

ICICIdirect option transaction fees are NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium). Upstox exchange transaction charges for options are as follows: NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

ICICI DirectUpstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) Group A - Rs 290 per Cr (0.0029%)

ICICI Direct Vs Upstox Leverage (Margin)

The ICICIdirect intraday trading margin is up to 20% of the trade value (5x leverage) based on the stock, while the Upstox intraday cash margin is also up to 20% of the trade value (5x leverage) based on the stock.

ICICI DirectUpstox
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)

Compare ICICIdirect and Upstox Features

ICICIdirect’s trading platforms include ICICIdirect.com (website), Trade Racer, and the ICICIDirect Mobile App. Upstox provides trading software such as Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola.

ICICI DirectUpstox
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:30 PM 3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Option strategy builder

ICICI Direct Vs Upstox Investment Options

ICICI DirectUpstox
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Upstox Order Type Offered

ICICI DirectUpstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICI Direct Vs Upstox Research Report

ICICI DirectUpstox
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Upstox Suitable For Investor Type

ICICI DirectUpstox
Casual Investor
Active Investor
Trader

ICICI Direct - Pros and Cons

Pros

Cons

Upstox - Pros and Cons

Pros

Cons

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Top Brokers in India with Best Trading Apps

The world of trading has been revolutionised in recent years by the introduction of trading apps.

These apps have made trading more accessible, convenient, and affordable than ever before, allowing people to trade on-the-go using just their smartphone or tablet. With so many trading apps available on the market, it can be difficult to know which one to choose.

We’ll take a look at some of the best trading apps in India available today, comparing Angel One, Zerodha, Upstox, Alice Blue, SAMCO, and ICICI Direct.

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Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.The app offers features.

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