Comparison –  UPSTOX Vs ICICI Direct

Upstox ICICI Direct
Year of Incorporation 2008 2000
Exchanges enabled NSE, BSE & MCX NSE & BSE
Demat (NSDL/CDSL) NSDL- Partnership with ILFS NSDL & CDSL
Brokerages
Equity 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday) Equity Intraday 0.05% & Delivery 0.25%- Negotiable
Equity Futures Rs 20/executed order or 0.01% whichever is lower 0.05% of Turnover for Overnight & Intraday only one side- Negotiable
Equity Options Rs 20/executed order or 0.01% whichever is lower Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable
Currency Futures Rs 20/executed order or 0.01% whichever is lower 0.05% of Turnover for Overnight & Intraday only one side- Negotiable
Currency Options Rs 20/executed order or 0.01% whichever is lower Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable
Commodity Rs 20/executed order or 0.01% whichever is lower NA
Account opening charges
Trading and Demat Nill Rs 975 for 3 in 1 Account
Only Trading Nill NA
Commodity Nill NA
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 22 days 20 Days
Margins & Leverage Provided
Equity Upto 20 times for intraday, 0 for delivery Intraday upto 25 times & Delivery upto 5 times for interest
Equity Futures Upto 4 times for intraday Upto 4 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday Not for buying but upto 2 times for shorting
Currency Futures Upto 4 times for intraday NA
Currency Options Buying no leverage, shorting upto 4 times for intraday NA
Commodity Upto 3 times for intraday NA
Serviceable
3 in 1 Account NO YES
Instant Fund withdrawal NO YES
Instant Fund Transfer YES YES
Relationship Managers NO YES