Upstox Vs INDmoney (Compare Upstox and INDmoney)

Upstox Vs INDmoney

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Upstox	INDmoney
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE
Year of Incorporation	2012	2019
Number of Branches	4	1
	Open Upstox Account	Open INDmoney Account

Upstox Vs INDmoney Charges & AMC

Upstox trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 150 and INDmoney Demat Account AMC Charges is Rs 0.

	Upstox	INDmoney
Trading Account Opening Charges	Rs 0 (Free)	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 150	Rs 0

Upstox Vs INDmoney 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 INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.

Account Type	Upstox Default	INDmoney Standard Plan
Fixed Charges	NA
Equity Delivery	Rs 20 per executed order or 2.5% whichever is low	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	Rs 20 per executed order or 0.05% whichever is lower	0.05% of order value or Rs 20, whichever is lower
Equity Futures	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order
Equity Options	Rs 20 per executed order	Rs 20 per executed order
Currency Futures	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 20 per executed order
Commodity Futures	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per executed order
Special Offer	Special Offer: Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds Open Instant Account	Special Offer: Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now.

Upstox Vs INDmoney Leverage (Margin)

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

	Upstox	INDmoney
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)
	Open Upstox Account	Open INDmoney Account

Compare Upstox and INDmoney Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.

	Upstox	INDmoney
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola	INDmoney App, INDstocks App and INDmoney Web Platform
Intraday Square-off Time	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Option strategy builder
	Open Upstox Account	Open INDmoney Account

Upstox Vs INDmoney Review

Upstox is rated of 5 based on 150 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.

	Upstox	INDmoney
	150 Customer Reviews	1 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Upstox is Rated 2.4 / 5 based on 150 customer reviews	INDmoney is Rated 4.0 / 5 based on 1 customer reviews