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IIFL Securities Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Upstox ranges between Rs 20. IIFL Securities is a Full Service Broker where Upstox is a Discount Broker. IIFL Securities is having overall lower rating compare to Upstox. IIFL Securities is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for IIFL Securities is 4,26,451. Upstox is serving more customer compare to IIFL Securities.

Here we present side-by-side comparison of IIFL Securities vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IIFL Securities vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IIFL Securities vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IIFL Securities vs Upstox's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IIFL Securities vs Upstox on Service

  IIFL Securities Compare
IIFL Securities
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 4,26,451 24,01,555
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from IIFL Securities Request call back from Upstox
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Account Opening Charges and AMC

Compare IIFL Securities vs Upstox on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Upstox
Charges IIFL Securities Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IIFL Securities with Upstox on Plan Options
Plan Types IIFL Securities Upstox
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  IIFL Securities Upstox
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Upstox on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare IIFL Securities with Upstox
Brokerage Charges Compare IIFL Securities Upstox
Plan Name IIFL iSERVE Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Flat Rs 20 per order 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 20
Currency Futures Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Currency Options Flat Rs 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs 20 per order Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 50 Per Call + GST Rs 50 + 18% GST
Auto Square off Charges Rs 50 Per Call + GST Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare IIFL Securities vs Upstox on Transaction Charges

Compare IIFL Securities with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities with Upstox
Transaction Charges Compare IIFL Securities Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for upstox
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Account Features

Compare IIFL Securities vs Upstox on Account Features

Compare IIFL Securities with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where IIFL Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IIFL Securities offers NRI where Upstox doesn't offers NRI Trading.

Account Features - IIFL Securities with Upstox
Account Features Compare IIFL Securities Upstox
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. Yes, IIFL Securities have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare IIFL Securities vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities with Upstox
Trading Platform Compare IIFL Securities Upstox
Desktop Trading Platform IIFL Trader terminal Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com https://pro.upstox.com/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets Upstox
Mobile Trading App Demo IIFL Markets Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare IIFL Securities vs Upstox on User Rating

  IIFL Securities Upstox
  82 Customer Reviews    Rate IIFL Securities 12 Customer Reviews    Rate Upstox
Fees Ratings 3.1 3.5
Trading Brokerage Rating 2.9 3.8
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.9 3.5
Overall Ratings 2.8 3.7
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare IIFL Securities vs Upstox on Investment Offerings

Compare IIFL Securities with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where Upstox doesn't offer

Investment Offerings - Compare IIFL Securities with Upstox
Investment Offerings Compare IIFL Securities Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare IIFL Securities vs Upstox on Order Types

Order Type - Compare IIFL Securities with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IIFL Securities with Upstox
Order Type Compare IIFL Securities Upstox
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IIFL Securities vs Upstox on Customer Service

Compare IIFL Securities with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IIFL Securities with Upstox
Customer Service Compare IIFL Securities Upstox
24/7 Customer Service IIFL Securities vs Upstox - 24x7 customer support Yes No
Email Support IIFL Securities vs Upstox - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Upstox - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Upstox - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Upstox - Toll Free Number Yes No
Through Branches IIFL Securities vs Upstox - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Upstox - Customer Care Number 022-40071000 +91 22 6130 9999
Account Opening Process IIFL Securities vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Upstox - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://upstox.com/help-center/
Head Office Address IIFL Securities vs Upstox - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website IIFL Securities vs Upstox - Company Website https://www.indiainfoline.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare IIFL Securities vs Upstox on Research Reports, Tips

Compare IIFL Securities with Upstox on research reports and tips provided by the broker.

Research Reports - Compare IIFL Securities with Upstox
  IIFL Securities Upstox
Research Mutual Funds IIFL Securities vs Upstox - Research Mutual Funds Yes No
Research Equity Reports IIFL Securities vs Upstox - Research Equity Reports Yes No
Research ETF IIFL Securities vs Upstox - Research ETF Yes No
Daily Market Report IIFL Securities vs Upstox - Daily Market Report Yes No
Free Tips IIFL Securities vs Upstox - Free Tips Yes No
Quarterly Result Analysis IIFL Securities vs Upstox - Quarterly Results Yes No
News Alerts IIFL Securities vs Upstox - Yes No
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Demat Account

Compare IIFL Securities vs Upstox on Demat Account

Compare IIFL Securities with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Upstox is ₹300 PA where for IIFL Securities is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities with Upstox
  IIFL Securities Upstox
DP Source CDSL CDSL
DP ID IIFL Securities vs Upstox - DP ID 44700 81800
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 PA
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹13 + ₹5.50 CDSL charges
Demat ₹15 per certificate + ₹40 courier charges ₹20 + ₹50 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹50 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation Nil 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Upstox on Special Offers and Promotion

Compare IIFL Securities with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Upstox on Special Offers and Promotion
  IIFL Securities Upstox
Pay In and Pay Out Options IIFL Securities vs Upstox - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time IIFL Securities vs Upstox - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Max 24 hrs except bank holidays
Bank Supported and Charges IIFL Securities vs Upstox - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open IIFL Securities Account Now>> Open Upstox Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00