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Upstox vs Interactive Brokers – Compare Charges, Trading Features, Offers & more

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.

Background

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
Financial Health

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 Rs 16 Lakhs Rs 104.1 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 63.01 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 64.75 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 74.30 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 89.41 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 79.38 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 79.67 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 93.62 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 89.06 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 99.53 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 85.24 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 78.27 Crores
Debt FY11/12 0 Rs 17.67 Crores
Debt FY12/13 0 Rs 13.43 Crores
Debt FY13/14 Rs 1.38 Crores Rs 21.88 Crores
Debt FY14/15 Rs 1.77 Crores Rs 21.05 Crores
Debt FY15/16 Rs 2.13 Crores Rs 23.05 Crores
Debt FY16/17 Rs 2.44 Crores Rs 22.53 Crores
Debt FY17/18 Rs 2.87 Crores Rs 22.09 Crores
Debt FY18/19 Rs 3.11 Crores Rs 23.67 Crores
Debt FY19/20 Rs 3.56 Crores Rs 21.41 Crores
Debt FY20/21 Rs 3.91 Crores Rs 24.02 Crores
Debt FY21/22 Rs 4.18 Crores Rs 27.09 Crores
Debt FY22/23 Rs 4.40 Crores Rs 21.78 Crores
Profit to Equity(%) FY11/12 3.48 14.94
Profit to Equity(%) FY12/13 5.10 7.29
Profit to Equity(%) FY13/14 13.73 9.71
Profit to Equity(%) FY14/15 15.70 9.01
Profit to Equity(%) FY15/16 16.22 9.64
Profit to Equity(%) FY16/17 16.87 10.04
Profit to Equity(%) FY17/18 17.42 10.14
Profit to Equity(%) FY18/19 17.99 11.34
Profit to Equity(%) FY19/20 18.54 13.24
Profit to Equity(%) FY20/21 19.01 12.52
Profit to Equity(%) FY21/22 21.58 17.85
Profit to Equity(%) FY22/23 22.15 14.56
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 908 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 977 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 990.08 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 968.51 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 1071.18 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 1098.72 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 1110.91 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 1095.94 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 1369.20 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 1391.66 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 1293.62 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 1627.43 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free 0.05% of the value of the transaction with a minimum of INR 30 per order. Intra-day charge on one side only. Lower Rates available for high volume traders
Equity Futures Rs 20/executed order 0.01% of the value of the transaction. Intra-day charge on one side only. Lower Rates available for high volume traders
Equity Options Rs 20/executed order INR 25 per lot per side (Single Stock), INR 15 per lot per side (Index)
Currency Futures Rs 20/executed order 0.01% of the value of the transaction. Intra-day charge on one side only. Lower Rates available for high volume traders
Currency Options Rs 20/executed order 0.01% of the value of the transaction. Intra-day charge on one side only. Lower Rates available for high volume traders
Commodity Rs 20/executed order NA
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 USD 5 in INR adjusted against commissions on a monthly basis, waived for the first 3 months and waived for accounts with over USD 100,000 in INR worth of account value
Commodity Rs 250 NA
Transparency & other costs

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 Trading: 0, Rs 400/year for Demat NIL
DP Transaction Charge Rs 22/debit transaction NIL
Offline order placing Charge Rs 25/order placed on the phone Rs 1500/order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 22 Days
End of Day 10 years 1 Year
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery 2 times intraday and overnight leverage
Equity Futures Upto 4 times for intraday Upto 2 times for Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday Buying 0 & Shorting upto 2 times for Intraday
Currency Futures Upto 4 times for intraday Upto 2 times for Intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday Buying 0 & Shorting upto 2 times for Intraday
Commodity Upto 3 times for intraday NA
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Frequently Asked Questions

Is Upstox better than Interactive Brokers ?

Upstox and Interactive Brokers are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Interactive Brokers better than Upstox ?

Upstox and Interactive Brokers are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Interactive Brokers ?

Upstox and Interactive Brokers are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Interactive Brokers cheaper than Upstox ?

Upstox and Interactive Brokers are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Interactive Brokers ?

To find out the better of the two stockbrokers Upstox and Interactive Brokers, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.