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
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Charge | Upstox | Nirmal Bang |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹249 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year (paid monthly) | ₹200 per year |
Charge | Upstox | Nirmal Bang |
---|---|---|
Plan Name | Basic | N/A |
Equity Delivery | ₹0 (FREE) | 0.2% |
Equity Intraday | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Equity Futures | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Equity Options | ₹20 per trade or 0.05% (whichever is lower) | ₹35 |
Currency Futures | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Currency Options | ₹20 per trade or 0.05% (whichever is lower) | ₹20 |
Commodity Options | ₹20 per trade or 0.05% (whichever is lower) | 0.01% |
Mutual Fund | N/A | N/A |
Segment | Upstox | Nirmal Bang |
---|---|---|
Equity Delivery | 1x (no margin) | Upto 10x |
Equity Intraday | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x | Upto 4x |
Equity Future | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x | Upto 4x |
Equity Options | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x | Upto 2x for shorting |
Currency Future | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x | Upto 2x for shorting |
Currency Options | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x | Upto 3x |
Commodity Future | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Upto 3x |
Commodity Options | N/A | N/A |