NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryUpstoxICICIdirect
Basic Details
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
Charges & AMC
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
Brokerage
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
Other Charges
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
Leverage (Margin)
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
Features
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
Trading Platforms
  • Upstox Pro web platform
  • Upstox mobile app
  • ICICIdirect.com website
  • ICICIdirect mobile app
Reviews & Ratings
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.
Investment Options
  • Equity
  • F&O
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
Order Types Offered
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
Suitable For (Investor Type)
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
Pros and Cons
  • Pros:
  • Competitive low-cost brokerage model.
  • Pros:
  • Robust integrated banking-broking setup.

Detailed Comparison

Basic Details

UpstoxICICIdirect
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • SEBI Registration: INZ000315837
  • NSE Member Code: 13942
  • Net Worth: Rs 839.83 Cr
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
  • SEBI Registration: INZ000183631
  • NSE Member Code: 07730
  • Net Worth: Rs 4581.84 Cr

Charges & AMC

UpstoxICICIdirect
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • App/web platform model with low-cost pricing
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
  • Demat debit charge and call-and-trade charges apply

Brokerage

UpstoxICICIdirect
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • Equity Options: Flat Rs 20 per order
  • Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
  • MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.

Other Charges

UpstoxICICIdirect
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • DP sell charges and statutory charges are additional
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
  • Standard statutory charges apply separately.

Leverage (Margin)

UpstoxICICIdirect
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.

Features

UpstoxICICIdirect
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Direct mutual fund access with zero commission.
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • Research and multi-product investing workflows.

Trading Platforms

UpstoxICICIdirect
  • Upstox Pro web platform
  • Upstox mobile app
  • ICICIdirect.com website
  • ICICIdirect mobile app

Reviews & Ratings

UpstoxICICIdirect
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.

Investment Options

UpstoxICICIdirect
  • Equity
  • F&O
  • Commodity
  • Currency
  • Mutual funds
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Commodities
  • Insurance and other wealth products

Order Types Offered

UpstoxICICIdirect
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Call-and-trade assisted execution
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Delivery, intraday, and derivatives order flows

Suitable For (Investor Type)

UpstoxICICIdirect
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Investors needing discount pricing across major segments.
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
  • ICICI ecosystem customers who value seamless account linkage.

Pros and Cons

UpstoxICICIdirect
  • Pros:
  • Competitive low-cost brokerage model.
  • Broad segment coverage across equity, derivatives, commodity, and currency.
  • Free account opening and strong digital onboarding.
  • Cons:
  • Assisted services add extra charges.
  • Some advanced full-service advisory expectations may not be met.
  • Pros:
  • Robust integrated banking-broking setup.
  • Broad product basket and research availability.
  • Strong brand and support infrastructure.
  • Cons:
  • Brokerage can be high versus discount peers without optimized plan selection.
  • Charges and plan structure can feel complex for new users.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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