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Nirmal Bang Vs Upstox
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Nirmal Bang Vs Upstox
Here is a point by point comparison of Nirmal Bang Vs Upstox. Nirmal Bang is an oldie in full service broking segment in India with its operations starting in as early as 1986. This stock broking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
Upstox is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Everything about discount brokers such as Upstox is internet based, be it – customer service, trading, account opening etc. Full service brokers such as Nirmal Bang, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Nirmal Bang Vs Upstox to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Nirmal Bang Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1986 | 2012 |
| Number of branches across India | 2000 | 3 |
| Exchanges | NSE, BSE, MCX, NCDEX and MCX–SX | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹150 |
| Transaction Charges | Nirmal Bang Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.2% | ₹0 |
| Intraday Delivery | 0.02% | ₹20 per executed order |
| Equity Futures | 0.02% | ₹20 per executed order |
| Equity Options | ₹35 per lot | ₹20 per executed order |
| Currency Futures | 0.02% | ₹20 per executed order |
| Currency Options | ₹20 per lot | ₹20 per executed order |
| Commodity | 0.01% | ₹20 per executed order |
| Brokerage Calculator | Nirmal Bang Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 4 times for Delivery, upto 10 times for Intraday | Upto 20 times Intraday |
| Equity Futures | Upto 4 times | Upto 4 times for Intraday |
| Equity Options | No Margins for Buying, Upto 2 times for Shorting | Upto 4 times for Intraday |
| Currency Futures | No Margins for Buying, Upto 2 times for Shorting | Upto 4 times for Intraday |
| Currency Options | Upto 3 times | Upto 4 times for Intraday |
| Commodities | Upto 3 times | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ODIN Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.12% | 0.12% |
| OVERALL RATING |  | |
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Summary
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Date
Broker Name
Nirmal Bang Vs Upstox
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