FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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ICICIDirect Vs IIFL Securities Vs Upstox: Which one is better?

The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of IIFL Securities ranges between Rs 20, while the brokerage of Upstox ranges between Rs 20. The broker ICICIDirect and IIFL Securities are full service brokers where Upstox is a discount broker. Overall rating for ICICIDirect is 4, IIFL Securities is rated 4, Upstox is rated 4.5 out of 5.

Here we present side-by-side comparison of ICICIDirect vs IIFL Securities vs Upstox stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared ICICIDirect vs IIFL Securities vs Upstox on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better ICICIDirect vs IIFL Securities vs Upstox in this setion with 360 degree view of broker information.

Compare ICICIDirect vs IIFL Securities vs Upstox on Service

  ICICIDirect Compare
ICICIDirect
IIFL Securities Compare
IIFL Securities
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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 Zerodha Request call back from IIFL Securities Request call back from Upstox
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Account Opening Charges and AMC

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

In this section we have compared ICICIDirect vs IIFL Securities vs Upstox on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and IIFL Securities offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account, where Upstox charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect vs IIFL Securities vs Upstox
Charges ICICIDirect IIFL Securities Upstox
Trading Account Opening Fees Free Free Promotion offer: Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 per annum Rs 250 PA (Free for 1st year) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs IIFL Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare ICICIDirect vs IIFL Securities vs Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where IIFL Securities and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Zerodha IIFL Securities Upstox
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs IIFL Securities vs Upstoxon Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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 ICICIDirect vs IIFL Securities vs Upstox
Brokerage Charges Compare ICICIDirect IIFL Securities Upstox
Plan Name NEO Flat Discount Brokerage Plan IIFL iSERVE Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.55% Flat Rs 20 per order 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 20 per order Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Equity Futures Free (Rs. 0 brokerage) Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Equity Options Flat Rs. 20 per order Flat Rs 20 per order Flat Fee Rs 20
Currency Futures Flat Rs. 20 per order Flat Rs 20 per order 0.05% or Rs 20 whichever is lower
Currency Options Flat Rs. 20 per order Flat Rs 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs. 20 per order Flat Rs 20 per order Flat Fee Rs 20
Minimum Brokerage Rs 35 per trade
Hidden Charges Yes Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Call + GST Rs 50 + 18% GST
Auto Square off Charges First 20 call free and Rs 25 there onwards. Rs 50 Per Call + GST Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for IIFL Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare ICICIDirect vs IIFL Securities vs Upstox on Transaction Charges

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

Transaction Charges - Compare ICICIDirect vs IIFL Securities vs Upstox
Transaction Charges Compare ICICIDirect IIFL Securities Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA 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 icicidirect Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for upstox
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Account Features

Compare ICICIDirect vs IIFL Securities vs Upstox on Account Features

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

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

Compare ICICIDirect vs IIFL Securities vs Upstoxon Trading Platform

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

Trading Platform - Compare ICICIDirect vs IIFL Securities vs Upstox
Trading Platform Compare ICICIDirect IIFL Securities Upstox
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.icicidirect.com

https://ttweb.indiainfoline.com

https://pro.upstox.com/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App ICICI direct Mobile IIFL Markets Upstox
Mobile Trading App Demo ICICI direct Mobile Demo IIFL Markets Demo Upstox Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod IIFL Markets Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS IIFL Markets Download iOS Upstox Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare ICICIDirect vs IIFL Securities vs Upstox on User Rating

  ICICIDirect IIFL Securities Upstox
  267 Customer Reviews    Rate ICICIDirect 82 Customer Reviews    Rate IIFL Securities 12 Customer Reviews    Rate Upstox
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews 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 ICICIDirect vs IIFL Securities vs Upstox on Investment Offerings

Compare ICICIDirect vs IIFL Securities vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - IIFL Securities and Upstox offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect and IIFL Securities offers PMS facility where Upstox doesn't offers PMS facility.

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

Compare ICICIDirect vs IIFL Securities vs Upstox on Customer Service

Compare ICICIDirect vs IIFL Securities vs Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect vs IIFL Securities vs Upstox
Customer Service Compare ICICIDirect IIFL Securities Upstox
24/7 Customer Service No Yes No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes Yes
Customer Care Number 1860 123 1122 022-40071000 +91 22 6130 9999
Account Opening Process Online Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://upstox.com/help-center/
Head Office Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
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 https://www.icicidirect.com https://www.indiainfoline.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs IIFL Securities vs Upstox on Research Reports, Tips

Compare ICICIDirect vs IIFL Securities vs Upstox on research reports and tips provided by broker.

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

Compare ICICIDirect vs IIFL Securities vs Upstox on Demat Account

Compare ICICIDirect vs IIFL Securities vs Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect vs IIFL Securities vs Upstox
  ICICIDirect IIFL Securities Upstox
DP Source CDSL CDSL CDSL
DP ID 14301 44700 81800
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹400 pa ₹300 PA
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account Nil NIL
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹13 + ₹5.50 CDSL charges
Demat ₹50 per set up ₹15 per certificate + ₹40 courier charges ₹20 + ₹50 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹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 0.02% (Min ₹35 and Max ₹25,000) ₹50 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) Nil 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹30 per transaction Nil ₹50
Other Charges
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs IIFL Securities vs Upstox on Special Offers and Promotion

Compare ICICIDirect vs IIFL Securities vs Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs IIFL Securities vs Upstox on Special Offers and Promotion
  ICICIDirect IIFL Securities Upstox
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • 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 Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquire for ICICIDirect Enquire for IIFL Securities Enquire for Upstox

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