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Upstox Vs Interactive Brokers – Indian Share Brokers Comparison
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Upstox Vs Interactive Brokers
Here is a point by point comparison of Upstox Vs Interactive Brokers.
RKSV (or Upstox) is a discount broker launched by 3 co-founders in 2012. Today, RKSV 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. Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or Upstox is internet based, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short-term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between Upstox Vs Interactive Brokers 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 stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Interactive Brokers Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 1977 | 2012 |
| Number of branches across India | 1 | 3 |
| Exchanges | NSE, BSE | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹150 |
| Transaction Charges | Interactive Brokers Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹6 to ₹20 per executed trade | ₹0 |
| Intraday Delivery | ₹6 to ₹20 per executed trade | ₹20 per executed order |
| Equity Futures | ₹6 to ₹20 per executed trade | ₹20 per executed order |
| Equity Options | ₹6 to ₹20 per executed trade | ₹20 per executed order |
| Currency Futures | ₹6 to ₹20 per executed trade | ₹20 per executed order |
| Currency Options | ₹6 to ₹20 per executed trade | ₹20 per executed order |
| Commodity | NA | ₹20 per executed order |
| Brokerage Calculator | Upstox Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | 4 times for intraday, 2 times for delivery | Upto 20 times Intraday |
| Equity Futures | Upto 3 times Intraday | Upto 4 times for Intraday |
| Equity Options | Buying No Leverage, Shorting Upto 3 times | Upto 4 times for Intraday |
| Currency Futures | Upto 2 times Intraday | Upto 4 times for Intraday |
| Currency Options | Buying No Leverage, Shorting Upto 2 times | Upto 4 times for Intraday |
| Commodities | NA | 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) | IB Trader Workstation, IB TWS, IB WebTrader | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints in 2016 | 0.04% | 0.12% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Upstox Vs Interactive Brokers for the benefits of other readers. Please feel free to share in the comments below.
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Summary
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Upstox Vs Interactive Brokers
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