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Comparision (Upstox VS INDmoney)

 

Upstox Vs INDmoney

Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.

INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints

Upstox Vs INDmoney - Broker Details

Upstox INDmoney
Single Margin Facility
Year of Incorporation 2009 2019
Exchanges BSE, NSE and MCX NSE, BSE and MCX
Branches Zero 966
Brokerage ₹20/ Order or 0.05% (Whichever is lower) 0.05% or up to ₹20/Per Order
Broker Type Discount Broker Discount Broker

Upstox Vs INDmoney - Account Opening & AMC Charges

Upstox INDmoney
Trading Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account Opening Charge ₹0 (Free) ₹0 (Free)
Demat Account AMC ₹0 (Free) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)

Upstox Vs INDmoney - Brokerage charges & Plans

Upstox INDmoney
Commodity Futures ₹20/ Order or 0.05% (whichever is lower) N/A
Currency Futures ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order
Equity Delivery ₹20/ Order or 2.5% (whichever is lower) 0.05% or up to ₹20/Per Order
Equity Options ₹20/ Order 0.05% or up to ₹20/Per Order
Commodity Options ₹20/ Order N/A
Equity Futures ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order
Currency Options ₹20/ Order 0.05% or up to ₹20/Per Order
Fixed Charges ₹20/ Order 0.05% or up to ₹20/Per Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order

Upstox Vs INDmoney - Other Charges

Upstox INDmoney
RMS Square Off Charge (₹50 + GST) ₹50 per position
API Charges ₹0 (Free) N/A
Call & Trade Charges (₹50 + GST) ₹50 per position
Other Brokerage Charges ₹20/ Order or 0.05% ( Whichever is lower) 0.05% or up to ₹20/Per Order
Minimum Brokerage ₹20/ Order 0.05% or up to ₹20/Per Order

Upstox Vs INDmoney - Transaction Charges

Upstox INDmoney
Currency Options NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% NSE: 0.035 % And | BSE: 0.001% On Options Premium Value
Equity Futures NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% NSE: 0.00195% on total turnover value
Equity Intraday NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group NSE - 0.00325% | BSE- 0.00375%
Equity Options NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% NSE: 0.053% on premium value
Commodity Non-Agri: Exchange turnover charge: 0.0026% Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value
Equity Delivery NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group NSE - 0.00325% | BSE- 0.00375%

Upstox Vs INDmoney - Margin (Exposure)

Upstox INDmoney
Equity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margins(SPAN + Exposure) 1x(100% of NRML margin (Span + Exposure))
Commodity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (no margin)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)

Upstox Vs INDmoney - Features

Upstox INDmoney
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 Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 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. INDmoney Online Web Portal, 2. INDmoney Mobile App
SMS Alerts for Trades
Direct Mutual Fund

Upstox Vs INDmoney - Review & Rating

Upstox INDmoney
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
Call Back Open Account

Upstox Vs INDmoney - Request a call back from Broker

Upstox INDmoney

Upstox Vs INDmoney - Investment Options

Upstox INDmoney
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD

Upstox Vs INDmoney - Order Type

Upstox INDmoney
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT

Upstox Vs INDmoney - Research & Report

Upstox INDmoney
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts

Upstox Vs INDmoney - Daily Market Report

Upstox INDmoney
Daily Market Reports & News

Upstox Vs INDmoney - Suitable For Investor

Upstox INDmoney
Casual Investor
Active Investor
Trader

Upstox Vs INDmoney - Pros & Cons

Upstox INDmoney
Pros 1.Brokerage free trading in Equity delivery segment. 2. For customers convenience, mobile trading app is available. 3. Both web and mobile has After Market Order (AMO), (CO) or (OCO) order. 4. Availability of stop loss in both web and mobile. 5. Availability of multiple indicators to monitor market. 6. Upstox bridge for Amibroker helps to code and execute the trading strategies. 7. Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. 8.Availability of Margin against shares. 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed.
Cons 1. Unavailability of unlimited monthly trading plans. 2.Extra charge of call and trade fee on per executed order. 3. In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. 4. No provision for stock tips and recommendations. 5. Unavailability of 3 in 1 account. 6. Customer support is time constraint. 7.Unavailability of margin funding on delivery trades. 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support.

Upstox Vs INDmoney - Background

Upstox INDmoney

Upstox Vs INDmoney - Compare All Brokers

Upstox INDmoney

Upstox Vs INDmoney - STT/CTT

Upstox INDmoney
Commodity Futures 0.01% on sell trade (Non-Agri) 0.01% only on sell side Non-Agri
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell 0.025% only on sell
Equity Options 0.05% only on sell 0.05% only on sell (On Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both buy & sell
Equity Futures 0.01% only on sell 0.01% only on sell
Commodity Options 0.05% on sell trade 0.05% only on sell side

Upstox Vs INDmoney - Demat transaction charges

Upstox INDmoney
Equity Demat Transaction Charges Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell ₹250/ per certificate

Upstox Vs INDmoney - GST

Upstox INDmoney
Equity/Currencies/Commodities ( Delivery & FNO) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) 18% on (Brokerage + Transaction Charge)

Upstox Vs INDmoney - SEBI Charges

Upstox INDmoney
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/Crore

Upstox Vs INDmoney - Account Opening & AMC Charges

Upstox
INDmoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
 
Call Back Open Account

Upstox Vs INDmoney

Upstox INDmoney
 

Upstox Review 2024 - Brokerage Charges, Account Opening, Margin

Upstox (which was earlier known as RKSV securities) is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix.

+ " Vs "+ INDmoney
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INDmoney Account Opening Process, Charges, and Documentation Details

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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints

Upstox Vs INDmoney - Brokerage charges & Plans

Upstox INDmoney
Commodity Futures ₹20/ Order or 0.05% (whichever is lower) N/A
Currency Futures ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order
Equity Delivery ₹20/ Order or 2.5% (whichever is lower) 0.05% or up to ₹20/Per Order
Equity Options ₹20/ Order 0.05% or up to ₹20/Per Order
Commodity Options ₹20/ Order N/A
Equity Futures ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order
Currency Options ₹20/ Order 0.05% or up to ₹20/Per Order
Fixed Charges ₹20/ Order 0.05% or up to ₹20/Per Order
Equity Intraday ₹20/ Order or 0.05% (whichever is lower) 0.05% or up to ₹20/Per Order
Call Back Open Account

Upstox Vs INDmoney - Margin (Exposure)

Upstox INDmoney
Equity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Equity Intraday 5x (Up to 20% of trade value) 5x (Up to 20% of trade value)
Currency Options 1x (100% of NRML margins(SPAN + Exposure) 1x(100% of NRML margin (Span + Exposure))
Commodity Options Option Sell: 1x | Option Buying: No Margin 1x (100% of NRML margin (Span + Exposure)
Commodity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Delivery 1x (no margin) 1x (no margin)
Currency Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Equity Futures 1x (100% of NRML margin (Span + Exposure) 1x (100% of NRML margin (Span + Exposure)
Call Back Open Account

Upstox Vs INDmoney - Other Charges

Upstox INDmoney
RMS Square Off Charge (₹50 + GST) ₹50 per position
API Charges ₹0 (Free) N/A
Call & Trade Charges (₹50 + GST) ₹50 per position
Other Brokerage Charges ₹20/ Order or 0.05% ( Whichever is lower) 0.05% or up to ₹20/Per Order
Minimum Brokerage ₹20/ Order 0.05% or up to ₹20/Per Order

Upstox Vs INDmoney - STT/CTT

Upstox INDmoney
Commodity Futures 0.01% on sell trade (Non-Agri) 0.01% only on sell side Non-Agri
Currency Futures No STT No STT
Equity Intraday 0.025% only on sell 0.025% only on sell
Equity Options 0.05% only on sell 0.05% only on sell (On Premium)
Currency Options No STT No STT
Equity Delivery 0.1% on both buy & sell 0.1% on both buy & sell
Equity Futures 0.01% only on sell 0.01% only on sell
Commodity Options 0.05% on sell trade 0.05% only on sell side

Upstox Vs INDmoney - Demat transaction charges

Upstox INDmoney
Equity Demat Transaction Charges Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell ₹250/ per certificate

Upstox Vs INDmoney - GST

Upstox INDmoney
Equity/Currencies/Commodities ( Delivery & FNO) 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) 18% on (Brokerage + Transaction Charge)

Upstox Vs INDmoney - SEBI Charges

Upstox INDmoney
Equity/Currencies/Commodities ( Delivery & FNO) ₹10/ Crore ₹10/Crore

Upstox Vs INDmoney - Features

Upstox INDmoney
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 Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 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. INDmoney Online Web Portal, 2. INDmoney Mobile App
SMS Alerts for Trades
Direct Mutual Fund
Call Back Open Account

Upstox

INDmoney