IIFL Securities Vs Upstox
Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.
| IIFL Securities | Upstox | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1996 | 2012 |
| Number of Branches | 900 | 4 |
| Open IIFL Securities Account | Open Upstox Account |
IIFL Securities Vs Upstox Charges & AMC
IIFL Securities trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 249. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 0 (Free).
| IIFL Securities | Upstox | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 249 |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 250 (Free for 1st year) | Rs 0 (Free) |
IIFL Securities Vs Upstox Brokerage
IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.
| Account Type | IIFL Securities iServe | Upstox Default |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per order | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per order | Rs 20 per executed order |
IIFL Securities Charges Vs Upstox
| Minimum Brokerage | 0.05% | |
| Other Charges | Advisory SMS - Rs 50 per month | Auto Square-off Charges: Rs 50 |
| Call & Trade Charges | Rs 50 per call | Rs 20 per trade |
IIFL Securities Vs Upstox Transaction Charges
IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).
| IIFL Securities | Upstox | |
|---|---|---|
| Equity Delivery | Rs 325 per Cr (0.00325%) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | Rs 325 per Cr (0.00325%) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | Rs 210 per Cr (0.0021%) | NSE Rs 200 per Cr (0.002%) |
| Equity Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Currency Futures | Rs 210 per Cr (0.0021%) | NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) |
| Currency Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) |
| Commodity | Group A - Rs 280 per Cr (0.0028%) | Group A - Rs 290 per Cr (0.0029%) |
| Open IIFL Securities Account | Open Upstox Account |
IIFL Securities Vs Upstox Leverage (Margin)
IIFL Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| IIFL Securities | Upstox | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open IIFL Securities Account | Open Upstox Account |
Compare IIFL Securities and Upstox Features
The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.
| IIFL Securities | Upstox | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
| Intraday Square-off Time | 3:00 PM | |
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | Option strategy builder | |
| Open IIFL Securities Account | Open Upstox Account |
IIFL Securities Vs Upstox Review
IIFL Securities is rated 2.7 of 5 based on 123 customer reviews whereas Upstox is rated 2.4 of 5 based on 128 customer reviews.
| IIFL Securities | Upstox | |
|---|---|---|
123 Customer Reviews  |
128 Customer Reviews |
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| Broker Rating | IIFL Securities is rated 2.7 of 5 based on 123 customer reviews | Upstox is rated 2.4 of 5 based on 128 customer reviews |
IIFL Securities Vs Upstox Investment Options
| IIFL Securities | Upstox | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Insurance |
IIFL Securities Vs Upstox Order Type Offered
| IIFL Securities | Upstox | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open IIFL Securities Account | Open Upstox Account |
IIFL Securities Vs Upstox Research Report
| IIFL Securities | Upstox | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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IIFL Securities Vs Upstox Suitable For Investor Type
| IIFL Securities | Upstox | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
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IIFL Securities Vs Upstox - Pros and Cons
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| Open IIFL Securities Account | Open Upstox Account |
