Interactive Brokers vs Upstox Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

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

Interactive Brokers vs Upstox Account Opening Charges: 2024

ChargeInteractive BrokersUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹249
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹300 per year (paid monthly)

Interactive Brokers vs Upstox Brokerage Charges and Plans : 2024

ChargeInteractive BrokersUpstox
Plan NameN/ABasic
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order₹0 (FREE)
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order₹20 per trade or 0.05% (whichever is lower)
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order₹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

Interactive Brokers vs Upstox Margin / Exposure: 2024

SegmentInteractive BrokersUpstox
Equity DeliveryN/A1x (no margin)
Equity IntradayN/ABasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureN/ABasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsN/ABasic: 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

Interactive Brokers vs Upstox Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order 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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