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Comparision (Upstox VS ICICI Direct)

 

Upstox Vs ICICI Direct

Upstox
Upstox Review Online Share/Stock Trading, Options Trading, Discount Brokers in India, Upstox Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.


ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs ICICI Direct - Broker Details

Upstox ICICI Direct
Single Margin Facility NO
Year of Incorporation 2012 1995
Exchanges BSE, NSE and MCX BSE and NSE.
Branches 45 250+
Brokerage Rs.20/Order or 0.05% Prime Plan: ₹900
Broker Type Discount Broker Full service Broker
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Upstox Vs ICICI Direct - Account Opening & AMC Charges

Upstox ICICI Direct
Trading Account Opening Charge Rs.249 Rs.0 (Free)
Demat Account Opening Charge ₹0 (Free) Rs.0 (Free)
Demat Account AMC Rs.300/yearly ₹700 (From 2nd Year)
Trading Account AMC Rs.0 (Free) Rs.0 (Free)
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Upstox Vs ICICI Direct - Brokerage charges & Plans

Upstox ICICI Direct
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) NA
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.050% to 0.030%; I-Saver Plan: 0.05% to 0.03%; Prime Plan: ₹0
Equity Delivery Zero brokerage I-Secure Plan: 0.55%; I-Saver Plan: 0.75% to 0.25%; Prime Plan: 0.25%
Equity Options Flat Rs. 20 per executed order. I-Secure Plan: Up to ₹95; I-Saver Plan: Up to ₹95 per lot; Prime Plan: ₹0
Commodity Options Flat Rs. 20 per executed order. NA
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.05% to 0.03%; I-Saver Plan: 0.05% to 0.03%; Prime Plan: 0.25%
Currency Options Flat Rs. 20 per executed order. I-Secure Plan: Up to ₹25 per lot; I-Saver Plan: ₹0.25 to ₹65 per lot; Prime Plan: ₹0
Fixed Charges Rs. 20/Order Prime Plan: ₹900
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.275%; I-Saver Plan: 0.75% to 0.25%; Prime Plan: 0.25%
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Upstox Vs ICICI Direct - Other Charges

Upstox ICICI Direct
RMS Square Off Charge Rs. 20 per order+ GST -
API Charges ₹ 750 * per month
Call & Trade Charges Rs. 20 per order+ GST Rs.25/per order
Other Brokerage Charges Rs.20/Order or 0.05% Prime Plan: ₹900
Minimum Brokerage Rs.20/order Rs.20/order
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Upstox Vs ICICI Direct - Transaction Charges

Upstox ICICI Direct
Currency Options NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% ₹5000 per Cr. (0.05) (On Premium)
Equity Futures NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% ₹180 per Cr (0.0018%)
Equity Intraday NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)
Equity Options NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% ₹5000 per Cr (0.05%) (On premium)
Commodity Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% NA
Currency Futures NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% ₹120 per Cr (0.0012%)
Equity Delivery NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group NSE ₹310 per Cr | BSE ₹280 per Cr (0.0028%) (Each Side)
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Upstox Vs ICICI Direct - Margin (Exposure)

Upstox ICICI Direct
Equity Options Option Sell: Basic: 3x | Priority: 4x | 2 times for shorting
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 25 times
Currency Options Basic: 3x | Priority: 4x NA
Commodity Options 2 times NA
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x NA
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided 5 times with Interest
Currency Futures Basic:3x | Priority:4x | NA
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x 4 times
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Upstox Vs ICICI Direct - Features

Upstox ICICI Direct
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time 3:15 3:30 PM
Trading Platform 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App.
SMS Alerts for Trades
Direct Mutual Fund
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Upstox Vs ICICI Direct - Review & Rating

Upstox ICICI Direct
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating Upstox is rated 3.9 of 5
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Upstox Vs ICICI Direct - Request a call back from Broker

Upstox ICICI Direct
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Upstox Vs ICICI Direct - Investment Options

Upstox ICICI Direct
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Upstox Vs ICICI Direct - Order Type

Upstox ICICI Direct
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW
After Market Order(AMO)
STBT
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Upstox Vs ICICI Direct - Research & Report

Upstox ICICI Direct
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Upstox Vs ICICI Direct - Daily Market Report

Upstox ICICI Direct
Compare Stock Brokers Review
Compare Stock Brokers Review
Compare Stock Brokers Review
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Upstox Vs ICICI Direct - Suitable For Investor

Upstox ICICI Direct
Casual Investor
Active Investor
Trader
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Upstox Vs ICICI Direct - Pros & Cons

Upstox ICICI Direct
Pros • Brokerage free trading in Equity delivery segment, which means customer need not to pay any brokerage for delivery trades in equity. • For customers convenience, mobile trading app is available for both android and IOS platforms without any further software charges. • Both web and mobile has After Market Order (AMO), Cover Order (CO) or One Cancel OTHER (OCO) order. • Availability of stop loss in both web and mobile. • Availability of multiple indicators to monitor market. • Upstox bridge for Amibroker helps to code and execute the trading strategies. • Developer console from Upstox helps to build your own trading app. • Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. • Availability of Margin against shares. • For higher leverage, customers can opt for Priority Brokerage Package. 1. It facilitates its customers by providing an integrated three-in-one account i.e. banking, broking and demat accounts. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. 5. The low bandwidth website is available for the slow internet connection or for the trading from various mobile devices. 6. By placing the VTC feature i.e. Valid till Cancelled, the customers can place buy or sell the limit orders that remains valid for 45 days.
Cons • Unavailability of unlimited monthly trading plans. • Extra charge of call and trade fee on per executed order. • In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. • In the basic plan of Upstox, brokerage free trading can be availed only in Equity Delivery Segment. For rest of the segments, brokerage is charged at ₹ 20 or lower per trade. • Even though Upstox basic plan provide brokerage free trading, still demat transaction charges has to be paid by the customer. In fact, if we compare the demat debit transaction charges of Upstox (₹21.83) with other discount brokers (₹15.93), it turns out to be really high. • No provision for stock tips and recommendations. • Unavailability of 3 in 1 account as company doesn’t provide banking services. • Customer support is time constraint. • From Jan 2018 Upstox NRI trading and demat accounts are no longer available. • Unavailability of margin funding on delivery trades. 1. The brokerage of ICICI direct is high and not negotiable. The brokerage can be brought down simply by subscribing to the ICICI direct prime or prepaid brokerage plans. 2. It does not offer commodity trading. With the ICICI Trading account the customers can’t trade at MCX or NCDEX. It offers several plans to introduce commodity trading in future. 3. The minimum brokerage as the standard I-Secure plan is ₹35 per trade that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹25 per call for the call and trader after first 20 free calls in a month.
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Upstox Vs ICICI Direct - Background

Upstox ICICI Direct
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Upstox Vs ICICI Direct - Compare All Brokers

Upstox ICICI Direct
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Upstox Vs ICICI Direct - Account Opening & AMC Charges

Upstox
ICICI Direct
Trading Account Opening Charge
Rs.249
Rs.0 (Free)
Demat Account Opening Charge
₹0 (Free)
Rs.0 (Free)
Demat Account AMC
Rs.300/yearly
₹700 (From 2nd Year)
Trading Account AMC
Rs.0 (Free)
Rs.0 (Free)

Upstox Vs ICICI Direct

Upstox ICICI Direct
 

Upstox NRI Account Opening, Charges, Services Review

Upstox is one of the most popular discount brokers in the country and a large amount of people are interested in trading through it including not only who resides inside the country but also who live outside the country i.e. NRIs.

NRI Trading Account + " Vs "+ ICICI Direct

ICICI Direct NRI Account Opening, Charges, Services Review

ICICI Direct is a full-service broker that avails its customer the service of retail trading and investment service from ICICI securities. ICICI Securities is the famous and largest stock broker in India. It was incorporated on 9 March, 1995 as ICICI Brokerage Services. The company offers a broad range of investment options to the retail and ins ..
 
 

ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs ICICI Direct - Brokerage charges & Plans

Upstox ICICI Direct
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) NA
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.050% to 0.030%; I-Saver Plan: 0.05% to 0.03%; Prime Plan: ₹0
Equity Delivery Zero brokerage I-Secure Plan: 0.55%; I-Saver Plan: 0.75% to 0.25%; Prime Plan: 0.25%
Equity Options Flat Rs. 20 per executed order. I-Secure Plan: Up to ₹95; I-Saver Plan: Up to ₹95 per lot; Prime Plan: ₹0
Commodity Options Flat Rs. 20 per executed order. NA
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.05% to 0.03%; I-Saver Plan: 0.05% to 0.03%; Prime Plan: 0.25%
Currency Options Flat Rs. 20 per executed order. I-Secure Plan: Up to ₹25 per lot; I-Saver Plan: ₹0.25 to ₹65 per lot; Prime Plan: ₹0
Fixed Charges Rs. 20/Order Prime Plan: ₹900
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) I-Secure Plan: 0.275%; I-Saver Plan: 0.75% to 0.25%; Prime Plan: 0.25%
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Upstox Vs ICICI Direct - Margin (Exposure)

Upstox ICICI Direct
Equity Options Option Sell: Basic: 3x | Priority: 4x | 2 times for shorting
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 25 times
Currency Options Basic: 3x | Priority: 4x NA
Commodity Options 2 times NA
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x NA
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided 5 times with Interest
Currency Futures Basic:3x | Priority:4x | NA
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x 4 times
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Upstox Vs ICICI Direct - Other Charges

Upstox ICICI Direct
RMS Square Off Charge Rs. 20 per order+ GST -
API Charges ₹ 750 * per month
Call & Trade Charges Rs. 20 per order+ GST Rs.25/per order
Other Brokerage Charges Rs.20/Order or 0.05% Prime Plan: ₹900
Minimum Brokerage Rs.20/order Rs.20/order
Enquiry with Upstox   Open Account Enquiry with ICICI Direct   Open Account

Upstox Vs ICICI Direct - Features

Upstox ICICI Direct
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time 3:15 3:30 PM
Trading Platform 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App.
SMS Alerts for Trades
Direct Mutual Fund
Enquiry with Upstox   Open Account Enquiry with ICICI Direct   Open Account