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 | |
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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 |
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Account Opening & AMC Charges
Upstox | IIFL Securities | |
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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 |
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Brokerage charges & Plans
Upstox | IIFL Securities | |
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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 - Other Charges
Upstox | IIFL Securities | |
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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 - Transaction Charges
Upstox | IIFL Securities | |
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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%) |
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Margin (Exposure)
Upstox | IIFL Securities | |
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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 | |
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Online Portfolio |
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Algo Trading |
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Margin Trading Facility |
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Call & Trade Facility |
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Referral Program |
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Collateral Margin |
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Online Demo |
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3 in 1 Account |
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Charting |
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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 |
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Direct Mutual Fund |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Review & Rating
Upstox | IIFL Securities | |
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Trading Brokerage | ||
Customer Service | ||
Fees | ||
Trading Platform Usability | ||
Mobile App | ||
Research | ||
Desktop Software | ||
Overall Ratings | ||
Broker Rating | Upstox is rated 3.9 of 5 | |
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Request a call back from Broker
Upstox | IIFL Securities | |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Investment Options
Upstox | IIFL Securities | |
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Currency |
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IPO |
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Commodity |
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Debt |
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Other Options |
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Stock Cash / Equity |
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Mutual Funds |
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Bond / NCD |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Order Type
Upstox | IIFL Securities | |
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Bracket Order/BO/OCO |
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BTST |
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Cover Order/CO |
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Good Till Cancelled (GTC) |
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BUY ABOVE/SELL BELOW |
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After Market Order(AMO) |
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STBT |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Research & Report
Upstox | IIFL Securities | |
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Free Tips |
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Quarterly Result Analysis |
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Daily Market Report |
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News Alerts |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Daily Market Report
Upstox | IIFL Securities | |
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Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Suitable For Investor
Upstox | IIFL Securities | |
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Casual Investor |
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Active Investor |
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Trader |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Pros & Cons
Upstox | IIFL Securities | |
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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. |
Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Background
Upstox | IIFL Securities | |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Compare All Brokers
Upstox | IIFL Securities | |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |
Upstox Vs IIFL Securities - Account Opening & AMC Charges
Upstox Vs IIFL Securities
Upstox | IIFL Securities | |
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Upstox NRI Account OpeningUpstox 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
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IIFL Securities NRI Account ReviewIIFL 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 .. |
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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 | |
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Online Portfolio |
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Algo Trading |
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Margin Trading Facility |
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Call & Trade Facility |
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Referral Program |
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Collateral Margin |
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Online Demo |
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3 in 1 Account |
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Charting |
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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 |
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Direct Mutual Fund |
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Enquiry with Upstox Open Account | Enquiry with IIFL Securities Open Account |