IPO | BROKER REVIEW | INVESTING | ALGO TRADING | TECHNICAL ANALYSIS
 

Comparision (Upstox VS IIFL Securities)

Upstox Vs IIFL Securities

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.


IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs IIFL Securities - Broker Details

Upstox IIFL Securities
Single Margin Facility NO
Year of Incorporation 2012 1995
Exchanges BSE, NSE and MCX NSE, BSE, MCX and NCDEX.
Branches 45 2000+
Brokerage Rs.20/Order or 0.05% 0.025%
Broker Type Discount Broker Full Service Broker
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Upstox Vs IIFL Securities - Account Opening & AMC Charges

Upstox IIFL Securities
Trading Account Opening Charge Rs.249 Rs.250
Demat Account Opening Charge ₹0 (Free) Rs.250
Demat Account AMC Rs.300/yearly Rs.0 (1st year Fees)
Trading Account AMC Rs.0 (Free) Rs.0 for the 1st year
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Upstox Vs IIFL Securities - Brokerage charges & Plans

Upstox IIFL Securities
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025% or Rs.20 per lot
Equity Delivery Zero brokerage 0.25%
Equity Options Flat Rs. 20 per executed order. Rs.25 per lot
Commodity Options Flat Rs. 20 per executed order. Gold Rs.125| Silver Rs.80| Crude Oil Rs.80
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
Currency Options Flat Rs. 20 per executed order. Rs.8 per lot
Fixed Charges Rs. 20/Order 0.025%
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
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Upstox Vs IIFL Securities - Other Charges

Upstox IIFL Securities
RMS Square Off Charge Rs. 20 per order+ GST Rs.100
API Charges ₹ 750 * per month All our APIs are available free of cost.
Call & Trade Charges Rs. 20 per order+ GST Rs.0 (free)
Other Brokerage Charges Rs.20/Order or 0.05% 0.025%
Minimum Brokerage Rs.20/order 0.025%
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Upstox Vs IIFL Securities - Transaction Charges

Upstox IIFL Securities
Currency Options NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% Rs.5100 per Cr (0.051%) (On premium)
Equity Futures NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% Rs.210 per Cr (0.0021%)
Equity Intraday NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group Rs.325 per Cr (0.00325%)
Equity Options NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% Rs.5100 per Cr (0.051%) (On Premium)
Commodity Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% Group A- ₹280 per Cr (0.0028%)
Currency Futures NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% Rs.210 per Cr (0.0021%)
Equity Delivery NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group Rs.325 per Cr (0.00325%)
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Upstox Vs IIFL Securities - Margin (Exposure)

Upstox IIFL Securities
Equity Options Option Sell: Basic: 3x | Priority: 4x | 3 times for shorting
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 20 times
Currency Options Basic: 3x | Priority: 4x 2 times for shorting
Commodity Options 2 times Up to 3 times
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Up to 3 times
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided Up to 3 times (18% Annual Interest)
Currency Futures Basic:3x | Priority:4x | Up to 2 times
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 3 times
Enquiry with Upstox   Open Account Enquiry with IIFL Securities   Open Account

Upstox Vs IIFL Securities - Features

Upstox IIFL Securities
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 NSE/BSE Cash & Futures: 3.15 p.m, NSE Currency Futures: 4.45 p.m,
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. IIFL Markets App, 2. IIFL TT Web, 3. IIFL Trader Terminal
SMS Alerts for Trades
Direct Mutual Fund
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Upstox Vs IIFL Securities - Review & Rating

Upstox IIFL Securities
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 IIFL Securities - Request a call back from Broker

Upstox IIFL Securities
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Upstox Vs IIFL Securities - Investment Options

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

Upstox IIFL Securities
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 IIFL Securities - Research & Report

Upstox IIFL Securities
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Upstox Vs IIFL Securities - Daily Market Report

Upstox IIFL Securities
Compare Stock Brokers Review
Compare Stock Brokers Review
Compare Stock Brokers Review
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Upstox Vs IIFL Securities - Suitable For Investor

Upstox IIFL Securities
Casual Investor
Active Investor
Trader
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Upstox Vs IIFL Securities - Pros & Cons

Upstox IIFL Securities
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 is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD).
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. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds.
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Upstox Vs IIFL Securities - Background

Upstox IIFL Securities
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Upstox Vs IIFL Securities - Compare All Brokers

Upstox IIFL Securities
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Upstox Vs IIFL Securities - Account Opening & AMC Charges

Upstox
IIFL Securities
Trading Account Opening Charge
Rs.249
Rs.250
Demat Account Opening Charge
₹0 (Free)
Rs.250
Demat Account AMC
Rs.300/yearly
Rs.0 (1st year Fees)
Trading Account AMC
Rs.0 (Free)
Rs.0 for the 1st year

Upstox Vs IIFL Securities

Upstox IIFL Securities
 

Upstox NRI Account Opening

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 "+ IIFL Securities

IIFL Securities NRI Account Review

IIFL Securities is a part of IIFL Group and was incorporated in 1995. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial service provider in that provides a broad range of services. It is the highly recognised brand for the quality of advice, personalized serv ..
 
 

IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs IIFL Securities - Brokerage charges & Plans

Upstox IIFL Securities
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025% or Rs.20 per lot
Equity Delivery Zero brokerage 0.25%
Equity Options Flat Rs. 20 per executed order. Rs.25 per lot
Commodity Options Flat Rs. 20 per executed order. Gold Rs.125| Silver Rs.80| Crude Oil Rs.80
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
Currency Options Flat Rs. 20 per executed order. Rs.8 per lot
Fixed Charges Rs. 20/Order 0.025%
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) 0.025%
Enquiry with Upstox   Open Account Enquiry with IIFL Securities   Open Account

Upstox Vs IIFL Securities - Margin (Exposure)

Upstox IIFL Securities
Equity Options Option Sell: Basic: 3x | Priority: 4x | 3 times for shorting
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 20 times
Currency Options Basic: 3x | Priority: 4x 2 times for shorting
Commodity Options 2 times Up to 3 times
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Up to 3 times
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided Up to 3 times (18% Annual Interest)
Currency Futures Basic:3x | Priority:4x | Up to 2 times
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 3 times
Enquiry with Upstox   Open Account Enquiry with IIFL Securities   Open Account

Upstox Vs IIFL Securities - Other Charges

Upstox IIFL Securities
RMS Square Off Charge Rs. 20 per order+ GST Rs.100
API Charges ₹ 750 * per month All our APIs are available free of cost.
Call & Trade Charges Rs. 20 per order+ GST Rs.0 (free)
Other Brokerage Charges Rs.20/Order or 0.05% 0.025%
Minimum Brokerage Rs.20/order 0.025%
Enquiry with Upstox   Open Account Enquiry with IIFL Securities   Open Account

Upstox Vs IIFL Securities - Features

Upstox IIFL Securities
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 NSE/BSE Cash & Futures: 3.15 p.m, NSE Currency Futures: 4.45 p.m,
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. IIFL Markets App, 2. IIFL TT Web, 3. IIFL Trader Terminal
SMS Alerts for Trades
Direct Mutual Fund
Enquiry with Upstox   Open Account Enquiry with IIFL Securities   Open Account