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 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
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
Charge | Interactive Brokers | Upstox |
---|---|---|
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) |
Charge | Interactive Brokers | Upstox |
---|---|---|
Plan Name | N/A | Basic |
Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | ₹0 (FREE) |
Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Interactive Brokers | Upstox |
---|---|---|
Equity Delivery | N/A | 1x (no margin) |
Equity Intraday | N/A | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | N/A | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | N/A | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | N/A | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | N/A | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | N/A | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |
Interactive Brokers | Upstox |
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