ICICI Direct Vs Upstox 2023
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 Direct | Upstox | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX |
| Year of Incorporation | 2000 | 2012 |
| Number of Branches | 154 | 4 |
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 Direct | Upstox | |
|---|---|---|
| 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 |
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 | NA | NA |
| 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 | NA | NA |
| 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 trade | Rs 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 Direct | Upstox | |
|---|---|---|
| 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 Direct | Upstox | |
|---|---|---|
| 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 Direct | Upstox | |
|---|---|---|
| 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 Direct | Upstox | |
|---|---|---|
| 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 Direct | Upstox | |
|---|---|---|
| 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 Direct | Upstox | |
|---|---|---|
| Daily Market Report | ||
| Free Tips | ||
| Quarterly Result Analysis | ||
| News Alerts |
ICICIdirect Vs Upstox Suitable For Investor Type
| ICICI Direct | Upstox | |
|---|---|---|
| Casual Investor | ||
| Active Investor | ||
| Trader |
ICICI Direct - Pros and Cons
Pros
- Offers 3-in-1 account which makes stock market investment very easy for casual investors.
- Wide range of investment options available under one portal.
- Provides a low bandwidth website which works well where internet connection is slow.
- GTC (good till cancellation) and off-market hours order placement facility is very useful.
Cons
- ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
- Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
- Poor performance of website is reported in peak hours of trading.
- Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
- Demat Account is mandatory.
- Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
Upstox - Pros and Cons
Pros
- Zero account opening fee.
- Zero brokerage for Mutual Fund investment.
- Flat Rs 20 per trade brokerage for all other segments including equity delivery.
- Offer direct mutual funds.
- One app for trading in equity, currency, and commodity.
- Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
- Margin Against Share is available
- Online IPO, FPO, Bonds, and NCD's are available.
- Good-Till-Triggered (GTT) orders are available.
Cons
- Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
- Doesn't offer unlimited trading plans.
- Doesn't offer margin funding for delivery trades.
- Doesn't offer stock tips or recommendations.
- Doesn't offer a 3-in-1 account.
- Doesn't offer 24/7 customer support.
- Doesn't offer API access for automated trading.
- Doesn't offer NRI Trading and Demat account.
- Doesn't offer BTST
- Doesn't offer digital gold.
- Call-and-trade fee is Rs 20 per executed order extra.
- Automatic settlement charges an additional Rs 50 per executed order.
- Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
- Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Other Broker Reviews
Angel One
5/5
Angel one is a leading full-service brokerage firm in India that offers a user-friendly
Upstox
4/5
Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.
Alice Blue
3/5
Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue
ICICI Direct
4/5
ICICI Direct is a full-service brokerage firm that offers a trading app called.
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.
Angel One
Angel One is a leading full-service brokerage firm in India that offers a user-friendly trading app.
Upstox
Upstox is a discount brokerage firm that offers a trading app called Upstox Pro.The app offers features.
Alice Blue
Alice Blue is a discount brokerage firm that offers a trading app called Alice Blue Wave.
ICICI Direct
ICICI Direct is a full-service brokerage firm that offers a trading app called ICICI Direct Mobile. The app offers.
Samco
SAMCO is a discount brokerage firm that offers a trading app called SAMCO Trader.
Zerodha
Zerodha is a discount brokerage firm that offers a popular trading app called Kite.
5 paisa
5paisa is a financial services company that offers a wide range of services.
Compare Stock Brokers
Streamline your trading journey with our detailed stock broker comparisons for informed investment decisions.
Learn Trading
Master the art of trading with our comprehensive learning resources and expert guidance for confident investment strategies.
Latest Offers
Stay ahead of the game with our curated list of the latest offers from top broker apps for exclusive trading advantages.
