Upstox vs IDBI Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs IDBI Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and IDBI Direct.

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Upstox vs IDBI Direct – Company Overview

Company Overview Upstox IDBI Direct
Company Type Private Public
Headquarters Mumbai Mumbai
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath Nagaraj Garla
Establishment Year 2011 1993

Compare the Brokerage of Upstox and IDBI Direct

Brokerage Upstox IDBI Direct
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Trade or 2.5%, whichever is low 0.50% of Transaction Value
Equity Intraday Rs.20 per Trade or 0.05% (whichever is low) 0.05% of Transaction Value
Equity Future Rs.20 per Trade or 0.05% (whichever is low) 0.05% of Transaction Value
Equity Option Rs.20 per Trade Rs.50 per Lot
Commodity Future Rs.20 per Trade or 0.05% (whichever is low) 0.05% of Transaction Value
Commodity Option Rs.20 per Trade Rs.50 per Lot
Currency Future Rs.20 per Trade or 0.05% (whichever is low) 0.05% of Transaction Value
Currency Option Rs.20 per Trade Rs.50 per Lot

Upstox vs IDBI Direct – Trading Platforms

Trading Platforms Upstox IDBI Direct
Android App Upstox Android App Link IDBI Direct Android App Link
iOS App Upstox iOS App Link IDBI Direct iOS App Link
Web Trading Platform Upstox Web Trading Link IDBI Direct Web Trading Link
Trading Terminal NA Available
Algo Trading Platform Available Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform Available NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Upstox and IDBI Direct – Trading Features

Trading Features Upstox IDBI Direct
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports No Yes
Global indices No No
Customised Recommendations No No
Stock tips No No
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No Yes
Robust & Secure Platform Yes Yes

Compare Upstox vs IDBI Direct Offers

Offers Upstox IDBI Direct
Free Account Opening Yes Yes
Free AMC No No
Free Brokerage No No
Flat Brokerage Yes No
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No Yes
Referral Offers Upto Rs.700 per Client Upto Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Upstox vs IDBI Direct – Products Provided

Products Provided Upstox IDBI Direct
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No Yes
Insurance No Yes
Corporate Bonds No Yes
Govt. Bonds No Yes
Digital Gold No No

Upstox vs IDBI Direct – Services Provided

Services Provided Upstox IDBI Direct
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No Yes
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution Yes, UpLearn No
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Upstox and IDBI Direct Advisory

Advisory Upstox IDBI Direct
Fundamental Reports Yes Yes
Research Reports No Yes
Company Reports No Yes
Annual Reports No Yes
IPO Reports Yes Yes
Technical Reports No No
Stock Tips No No
Daily Top Stock Picks No No
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No Yes
Robo Advisory No No

Comparison of Upstox and IDBI Direct Exposure

Exposure Upstox IDBI Direct
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Upstox & IDBI Direct

Programs Upstox IDBI Direct
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Upstox vs IDBI Direct – Ratings by Finec

Ratings Upstox IDBI Direct
Overall Rating 9.80 / 10 7.60 / 10
Customer Support 9.76 / 10 7.57 / 10
Technology 9.92 / 10 7.70 / 10
Charges 9.84 / 10 7.63 / 10
Products & Service 9.74 / 10 7.56 / 10
Experience 9.72 / 10 7.54 / 10

Compare Customer Support of Upstox and IDBI Direct

Customer Support Upstox IDBI Direct
Trading Support Available, Chargeable Available, Free
Dedicated Dealer Available, Chargeable Available, Free
Call Support 022-41792999 022-67719100
Email Support support@upstox.com customercare@idbi.co.in
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA Available

Comparison of Upstox & IDBI Direct Complaints

Complaints Upstox IDBI Direct
Total Complaints Lodged 299 35
Total Complaints Resolved 258 28
% of Resolved Complaints 86.29% 80.00%
Non Actionable Complaints 28 3
% of Non Actionable Complaints 9.36% 8.57%

Compare Demat Charges of Upstox vs IDBI Direct

Demat Charges Upstox IDBI Direct
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.150 per Year + GST Rs.350 per Year

Upstox vs IDBI Direct – Compare STT & CTT

STT & CTT Upstox IDBI Direct
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of Upstox and IDBI Direct

Stamp Duty Upstox IDBI Direct
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Upstox vs IDBI Direct – Transaction Charges

Transaction Charges Upstox IDBI Direct
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.05% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00022% (BSE) 0.0009% (NSE) & 0.00022% (BSE)
Currency Option 0.035% (NSE) & 0.001% (BSE) 0.035% (NSE) & 0.001% (BSE)

Compare Pledge Charges of Upstox & IDBI Direct

Pledge Charges Upstox IDBI Direct
Pledge Creation Charges Rs.50 per Request Rs.50 per Request or 0.04% of Value (whichever is higher)
Pledge Invocation Charges Rs.50 per Request Rs.50 per Request or 0.04% of Value (whichever is higher)
Interest on Margin Trading 0.048% per day 0.07% per day

Comparison of Upstox and IDBI Direct – Hidden Charge

Hidden Charge Upstox IDBI Direct
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.18.5 per Scrip only on Sell Rs.25 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Rs.150
Reactivation Charges Free Rs.100
Dematerialisation Charges Rs.20 per Certificate Rs.35 per Certificate
Call & Trade Charges Rs.50 + 18% GST per Trade Free

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