ICICI Direct vs Upstox Comparison: 2024

About ICICI Direct

ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.

ICICI Direct: Overview

The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.

The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

ICICI Direct vs Upstox Account Opening Charges: 2024

ChargeICICI DirectUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹975 (One-time)₹249
Trading Account AMC₹0₹0
Demat Account AMC₹700 per year₹300 per year (paid monthly)

ICICI Direct vs Upstox Brokerage Charges and Plans : 2024

ChargeICICI DirectUpstox
Plan NameI-Secure PlanBasic
Equity Delivery0.55%₹0 (FREE)
Equity Intraday0.275% ₹20 per trade or 0.05% (whichever is lower)
Equity Futures0.050%₹20 per trade or 0.05% (whichever is lower)
Equity Options₹95 per lot and Option (Intraday) ₹50 per lot₹20 per trade or 0.05% (whichever is lower)
Currency Futures0.050% and Currency Futures(Intraday) ₹50₹20 per trade or 0.05% (whichever is lower)
Currency Options₹25 per lot and Currency Options (Intraday) ₹10 per lot₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsN/A₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

ICICI Direct vs Upstox Margin / Exposure: 2024

SegmentICICI DirectUpstox
Equity Delivery5x1x (no margin)
Equity IntradayUpto 25xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Future4xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options2x for shortingBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureN/ABasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsN/ABasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureN/ABasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsN/AN/A

ICICI Direct vs Upstox Currency Charges and Plans: 2024

ICICI Direct charge 0.050% and Currency Futures(Intraday) ₹50 for Currency Futures and ₹25 per lot and Currency Options (Intraday) ₹10 per lot for Currency Options whereas Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.
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