ICICIdirect Vs Upstox (Compare ICICIdirect and Upstox)

ICICIdirect Vs Upstox

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

	ICICIdirect	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
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ICICIdirect Vs Upstox Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Upstox Demat Account AMC Charges is Rs 150.

	ICICIdirect	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	For Individual account: Rs. 700 p.a.	Rs 150

ICICIdirect Vs Upstox Brokerage

ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas 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.

Account Type	ICICIdirect ICICI Direct Moneysaver Plan	Upstox Default
Fixed Charges	NA	NA
Equity Delivery	0.29%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.029%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.029%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 49 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
Special Offer	Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs Upstox Brokerage Plan 2

	ICICIdirect	Upstox
Account Type	Prime Plan - 299	Default
Fixed Charges	Rs 299 yearly	NA
Equity Delivery	0.25%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.025%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.025%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 49 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 lot	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
		Open Upstox Account

ICICIdirect Vs Upstox Brokerage Plan 3

	ICICIdirect	Upstox
Account Type	Prime Plan - 9999	Default
Fixed Charges	Rs 9999 one time	NA
Equity Delivery	0.07%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 9 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 lot	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
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ICICIdirect Charges Vs Upstox

Minimum Brokerage	No minimum brokerage (Moneysaver Plan)	0.05%
Other Charges	Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99%	Auto Square-off Charges: Rs 50
Call & Trade Charges	Rs 50 per trade	Rs 20 per trade
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ICICIdirect Vs Upstox Leverage (Margin)

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

	ICICIdirect	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)
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Compare ICICIdirect and Upstox Features

The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

	ICICIdirect	Upstox
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICI Direct.com (website), ICICI Direct Mobile App	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time	3:15 PM	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Daily, monthly and yearly free research recommendations, 100% limit in shares as margin	Option strategy builder
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ICICIdirect Vs Upstox Review

ICICIdirect is rated of 5 based on 484 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

	ICICIdirect	Upstox
	484 Customer Reviews	149 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews	Upstox is Rated 2.4 / 5 based on 149 customer reviews

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ICICIdirect Vs Upstox Investment Options

	ICICIdirect	Upstox
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

ICICIdirect Vs Upstox Order Type Offered

	ICICIdirect	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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ICICIdirect Vs Upstox Suitable For Investor Type

	ICICIdirect	Upstox
Casual Investor
Active Investor
Trader

ICICIdirect Vs Upstox - Pros and Cons

	ICICIdirect	Upstox
Pros	Offers 3-in-1 account which makes seamlessand instant fund transfers between bank and trading account. Wide range of investment options available under one portal. Enables curation of watchlist and has 4.8 (App Store) rated mobile app. GTC (good till cancellation) and off-market hours order placement facility is very useful.	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	Demat Account is mandatory.	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.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	Upstox Special Offer Exclusive offer by Upstox Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades. Pay Rs 0 commission for Mutual Funds. It is a limited-time offer. Open Instant Account and start trading the same day.
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