FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of Upstox ranges between Rs 20. The broker ICICIDirect and Reliance Securities are full service brokers where Upstox is a discount broker. Overall rating for ICICIDirect is 4, Reliance Securities is rated 3.5, Upstox is rated 4.5 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Reliance 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 Reliance 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 Reliance Securities vs Upstox in this setion with 360 degree view of broker information.
In this section we have compared ICICIDirect vs Reliance Securities vs Upstox on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect charges Free for account opening, Reliance Securities charges Rs 950 for account opeing, and Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where Upstox charges Free AMC for Demat account.
Charges | ICICIDirect | Reliance Securities | Upstox |
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Trading Account Opening Fees | Free | Rs 950 | Promotion offer: Free |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Free |
Demat AMC | Rs 300 per annum | Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) | Free |
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Plans are the most important feature you look when compare ICICIDirect vs Reliance Securities vs Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and Reliance Securities offers Multiple Plans where Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | ICICIDirect | Reliance Securities | Upstox |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Upstox | |
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Account Opening Request |
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.
Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
Brokerage Charges Compare | ICICIDirect | Reliance Securities | Upstox |
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Plan Name | NEO Flat Discount Brokerage Plan | R-FIXED Online Brokerage Plan (Percentage Based) | Max Rs 20 Per Order Trading Plan |
Equity Delivery | 0.55% | 0.50% | 2.5% or Rs 20 whichever is lower |
Equity Intraday | Flat Rs. 20 per order | 0.05% | 0.05% or Rs 20 whichever is lower |
Equity Futures | Free (Rs. 0 brokerage) | 0.05% | 0.05% or Rs 20 whichever is lower |
Equity Options | Flat Rs. 20 per order | Rs 100 Per Lot | Flat Fee Rs 20 |
Currency Futures | Flat Rs. 20 per order | 0.05% | 0.05% or Rs 20 whichever is lower |
Currency Options | Flat Rs. 20 per order | Rs 100 Per Lot | Flat Fee Rs 20 |
Commodity Trading | Flat Rs. 20 per order | Future: 0.05%| Options: Rs 100 per lot | Flat Fee Rs 20 |
Minimum Brokerage | Rs 35 per trade | 5 paise per share | |
Hidden Charges | Yes | No | |
Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 20 per call (Free First 20 call per month) | Rs 50 + 18% GST |
Auto Square off Charges | First 20 call free and Rs 25 there onwards. | Free First 20 call PM and Rs 20 their onwards. | Rs 50 + 18% GST |
Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Reliance Securities | Brokerage Calculator for Upstox |
Compare ICICIDirect vs Reliance Securities vs Upstox on transaction charges and PCM fee by segment.
Transaction Charges Compare | ICICIDirect | Reliance Securities | Upstox |
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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 reliance-securities | Complete Brokerage Plans for upstox |
Compare ICICIDirect vs Reliance 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 Reliance 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 Reliance Securities offers NRI Trading where Upstox doesn't offers NRI Trading.
Account Features Compare | ICICIDirect | Reliance Securities | Upstox |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
NRI Trading | ![]() |
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Other Features | NIL | Mobile Application: Rmobile Xpress | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect vs Reliance 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.
Compare ICICIDirect vs Reliance 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 - Reliance 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 Reliance Securities offers PMS facility where Upstox doesn't offers PMS facility.
Investment Offerings Compare | ICICIDirect | Reliance Securities | Upstox |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Compare ICICIDirect vs Reliance 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 Service Compare | ICICIDirect | Reliance Securities | Upstox |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 1860 123 1122 | 022 41596000 | 022 62436000 | +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://www.reliancesmartmoney.com/Insights | https://upstox.com/help-center/ |
Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Website | https://www.icicidirect.com | https://www.reliancesmartmoney.com | https://upstox.com/ |
Compare ICICIDirect vs Reliance Securities vs Upstox on research reports and tips provided by broker.
ICICIDirect | Reliance Securities | Upstox | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare ICICIDirect vs Reliance Securities vs Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details
ICICIDirect | Reliance Securities | Upstox | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 14301 | 41400 | 81800 |
Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹300 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% (Min ₹27) + CDSL charges | ₹13 + ₹5.50 CDSL charges |
Demat | ₹50 per set up | ₹5 per certificate + ₹30 request charges | ₹20 + ₹50 courier charges |
Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) |
Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | 0.02% of the transaction value (Min ₹50) + CDSL charges |
Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | 0.02% of the transaction value (Min ₹50) + CDSL charges |
Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | 0.02% of the transaction value (Min ₹50) + CDSL charges |
Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | 0.02% of the transaction value (Min ₹50) + CDSL charges |
Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | 0.05% of transaction value (Min ₹30) | 0.05% of the transaction value (Min ₹50) |
Failed Instruction Charges | ₹30 per transaction | Nil | ₹50 |
Other Charges |
Compare ICICIDirect vs Reliance Securities vs Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
ICICIDirect | Reliance Securities | Upstox | |
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Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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There are some setbacks or disadvantages also while trading with Upstox;
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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 Reliance Securities | Enquire for Upstox |
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