Find a Comparison of Upstox vs Interactive Brokers here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.
This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Interactive Brokers.
| Year of Incorporation | 2010 | 1977 |
| Website | https://upstox.com/ | https://www.interactivebrokers.co.in/en/home.php |
| Phone | 022-41792999 | +91 22-61289888 |
| Exchanges enabled | NSE, BSE & MCX | NSE (plus over 100 market centers across 24 countries). |
| Demat (NSDL/CDSL) | CDSL | NSDL |
| Equity | Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery | 0.05% per Executed Order |
| Equity Futures | Rs 20 or 0.05% per executed order | 0.01% per Executed Order |
| Equity Options | Rs 20 or 0.05% per executed order | Rs 25 per lot per |
| Currency Futures | Rs 20 or 0.05% per executed order | 0.01% per Executed Order |
| Currency Options | Rs. 20 per lot | 0.01% per Executed Order |
| Commodity | Rs 20 per executed order | Rs 50 per lot per |
| Trading only | Free | Rs 0 |
| Trading & Demat | Zero | Rs 400 |
| Commodity | Zero | Not Available |
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.0035% on Turnover | 0.00325% |
| Futures | 0.0021% on Turnover | 0.0019 % |
| Options | 0.059% on Premium Turnover | 0.05% |
| Commodities | 0.0036% on Turnover | Not available |
| AMC charge | Zero | NIL |
| DP Transaction Charge | Rs 18.5 per debit transaction | NIL |
| Offline order placing Charge | Rs 25 per order placed on the phone | Rs 1500 per order |
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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| Intraday | 22 days | 22 Days |
| End of Day | 10 years | 1 Year |
| Coding/Backtesting |  |
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| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Leverage Provided
| Equity | Upto 5x on Intraday and Upto 1x on Delivery | 2x intraday and overnight leverage |
| Equity Futures | Upto 4x for intraday | Upto 2x for Intraday |
| Equity Options | Buying no leverage, shorting upto 4x for intraday | Buying 0 & Shorting upto 2x for Intraday |
| Currency Futures | Upto 4x for intraday | Upto 2x for Intraday |
| Currency Options | Buying no leverage, shorting upto 4x for intraday | Buying 0 & Shorting upto 2x for Intraday |
| Commodity | Upto 3x for intraday | Not Available |
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.
| Profit after Tax FY11/12 | 0 | Rs 54.1 Crores |
| Profit after Tax FY12/13 | 0 | Rs 63.01 Crores |
| Profit after Tax FY13/14 | 0 | Rs 64.75 Crores |
| Profit after Tax FY 14/15 | 0 | Rs 74.30 Crores |
| Profit after Tax FY 15/16 | 0 | Rs 89.41 Crores |
| Profit after Tax FY 16/17 | 0 | Rs 79.38 Crores |
| Profit after Tax FY 17/18 | 0 | Rs 79.67 Crores |
| Profit after Tax FY 18/19 | 0 | Rs 93.62 Crores |
| Profit after Tax FY 19/20 | 0 | Rs 89.06 Crores |
| Profit after Tax FY 20/21 | 0 | Rs 99.53 Crores |
| Profit after Tax FY 21/22 | 0 | Rs 85.24 Crores |
| Profit after Tax FY 22/23 | Rs 25 Crores | Rs 78.27 Crores |
| Debt FY11/12 | 0 | Rs 17.67 Crores |
| Debt FY12/13 | 0 | Rs 13.43 Crores |
| Debt FY13/14 | Rs 15.38 Crores | Rs 21.88 Crores |
| Debt FY14/15 | Rs 25.77 Crores | Rs 21.05 Crores |
| Debt FY15/16 | Rs 52.13 Crores | Rs 23.05 Crores |
| Debt FY16/17 | Rs 108.44 Crores | Rs 22.53 Crores |
| Debt FY17/18 | Rs 112.87 Crores | Rs 22.09 Crores |
| Debt FY18/19 | Rs 143.11 Crores | Rs 23.67 Crores |
| Debt FY19/20 | Rs 193.56 Crores | Rs 21.41 Crores |
| Debt FY20/21 | Rs 283.91 Crores | Rs 24.02 Crores |
| Debt FY21/22 | Rs 374.18 Crores | Rs 27.09 Crores |
| Debt FY22/23 | Rs 439.40 Crores | Rs 21.78 Crores |
| Profit to Equity(%) FY11/12 | 0 | 14.94% |
| Profit to Equity(%) FY12/13 | 0 | 7.29% |
| Profit to Equity(%) FY13/14 | 0 | 9.71% |
| Profit to Equity(%) FY14/15 | 0 | 9.01% |
| Profit to Equity(%) FY15/16 | 0 | 9.64% |
| Profit to Equity(%) FY16/17 | 0 | 10.04% |
| Profit to Equity(%) FY17/18 | 0 | 10.14% |
| Profit to Equity(%) FY18/19 | 1.99% | 11.34% |
| Profit to Equity(%) FY19/20 | 6.54% | 13.24% |
| Profit to Equity(%) FY20/21 | 8.01% | 12.52% |
| Profit to Equity(%) FY21/22 | 10.58% | 17.85% |
| Profit to Equity(%) FY22/23 | 11.15% | 14.56% |
| Balance Sheet Size FY11/12 | Rs 2316.23 Crores | Rs 908 Crores |
| Balance Sheet Size FY12/13 | Rs 2825.10 Crores | Rs 977 Crores |
| Balance Sheet Size FY13/14 | Rs 3532.97 Crores | Rs 990.08 Crores |
| Balance Sheet Size FY14/15 | Rs 4248.78 Crores | Rs 1058.51 Crores |
| Balance Sheet Size FY15/16 | Rs 4349.94 Crores | Rs 1071.18 Crores |
| Balance Sheet Size FY16/17 | Rs 4550.25 Crores | Rs 1098.72 Crores |
| Balance Sheet Size FY17/18 | Rs 4858.87 Crores | Rs 1110.91 Crores |
| Balance Sheet Size FY18/19 | Rs 5163.55 Crores | Rs 1195.94 Crores |
| Balance Sheet Size FY19/20 | Rs 5375.90 Crores | Rs 1293.62 Crores |
| Balance Sheet Size FY20/21 | Rs 5889.52 Crores | Rs 1369.20 Crores |
| Balance Sheet Size FY21/22 | Rs 6005.55 Crores | Rs 1491.66 Crores |
| Balance Sheet Size FY22/23 | Rs 6316.10 Crores | Rs 1627.43 Crores |
Upstox Securities and Interactive Brokers are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.
Yes, both Upstox Securities and Interactive Brokers provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Upstox and Interactive Brokers for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Upstox and Interactive Brokers are SEBI-registered brokers with good reputations. Upstox is known for its trading platforms, while Interactive Brokers is praised for cost-effective pricing.
Yes, both Upstox and Interactive Brokers offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
