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Upstox vs Nirmal Bang – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Nirmal Bang 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 Nirmal Bang.

Background

Year of Incorporation 2010 1996
Website https://upstox.com/ https://www.nirmalbang.com/
Phone 022 - 41792999 022-3826 8600
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX, MCX & NCDEX
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 7.4 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 12.4 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 4.2 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 2.37 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 4.99 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 5.73 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 6.00 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 7.69 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 7.70 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 9.18 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 10.87 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 10.53 Crores
Debt FY11/12 0 Rs 26.11 Crores
Debt FY12/13 0 Rs 24.88 Crores
Debt FY13/14 Rs 1.38 Crores Rs 29.63 Crores
Debt FY14/15 Rs 1.77 Crores Rs 28.17 Crores
Debt FY15/16 Rs 2.13 Crores Rs 23.31 Crores
Debt FY16/17 Rs 2.44 Crores Rs 23.31 Crores
Debt FY17/18 Rs 2.87 Crores Rs 24.77 Crores
Debt FY18/19 Rs 3.11 Crores Rs 31.61 Crores
Debt FY19/20 Rs 3.56 Crores Rs 31.61 Crores
Debt FY20/21 Rs 3.91 Crores Rs 32.85 Crores
Debt FY21/22 Rs 4.18 Crores Rs 35.53 Crores
Debt FY22/23 Rs 4.40 Crores Rs 35.53 Crores
Profit to Equity(%) FY11/12 3.48 8.54
Profit to Equity(%) FY12/13 5.10 7.63
Profit to Equity(%) FY13/14 13.73 11.44
Profit to Equity(%) FY14/15 15.70 11.54
Profit to Equity(%) FY15/16 16.22 11.15
Profit to Equity(%) FY16/17 16.87 10.77
Profit to Equity(%) FY17/18 17.42 13.53
Profit to Equity(%) FY18/19 17.99 13.53
Profit to Equity(%) FY19/20 18.54 14.08
Profit to Equity(%) FY20/21 19.01 16.72
Profit to Equity(%) FY21/22 21.58 19.10
Profit to Equity(%) FY22/23 22.15 19.10
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 86.6 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 93.5 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 85.8 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 67.96 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 67.99 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 57.95 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 70.74 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 74.82 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 72.42 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 91.92 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 91.92 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 92.02 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free 0.02% for Intraday, 0.2% for Delivery
Equity Futures Rs 20/executed order 0.02% of Turnover
Equity Options Rs 20/executed order Rs 35/lot
Currency Futures Rs 20/executed order 0.02% of Turnover
Currency Options Rs 20/executed order Rs 20/lot
Commodity Rs 20/executed order 0.01% of Turnover
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 NIL
Commodity Rs 250 NIL
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.0039% of Turnover
Futures 0.0021% on Turnover 0.0024% of Turnover
Options 0.059% on Premium Turnover 0.057% of Premium Turnover
Commodities 0.0036% on Turnover 0.0025% of Turnover
AMC charge Trading: 0, Rs 400/year for Demat Rs 250/month
DP Transaction Charge Rs 22/debit transaction 0.03% with Rs 25 minimum per debit instruction
Offline order placing Charge Rs 25/order placed on the phone NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 5 Days on ODIN
End of Day 10 years 5 Years on ODIN
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 10 times for Intraday, upto 4 times for Delivery @interest
Equity Futures Upto 4 times for intraday Upto 4 times Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday Buying no Leverage, Shorting upto 2 times for Intraday
Currency Futures Upto 4 times for intraday Upto 3 times Intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday Buying no Leverage, Shorting upto 2 times for Intraday
Commodity Upto 3 times for intraday Upto 3times Intraday
Support & Tools

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

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Compare Upstox Compare Nirmal Bang
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Upstox Vs Globe Capital Nirmal Bang Vs Globe Capital
Upstox Vs Fortune Trading Nirmal Bang Vs Fortune Trading
Upstox Vs Finvasia Nirmal Bang Vs Finvasia
Upstox Vs Farsight Securities Nirmal Bang Vs Farsight Securities
Upstox Vs Fairwealth Securities Nirmal Bang Vs Fairwealth Securities
Upstox Vs Elite Wealth Nirmal Bang Vs Elite Wealth
Upstox Vs Dealmoney Securites Nirmal Bang Vs Dealmoney Securites
Upstox Vs Competent Finman Nirmal Bang Vs Competent Finman
Upstox Vs Coimbatore Capital Nirmal Bang Vs Coimbatore Capital
Upstox Vs Cholamandalam Nirmal Bang Vs Cholamandalam
Upstox Vs Choice Equity Broking Nirmal Bang Vs Choice Equity Broking
Upstox Vs Canara Bank Nirmal Bang Vs Canara Bank
Upstox Vs Bonanza Portfolio Nirmal Bang Vs Bonanza Portfolio
Upstox Vs B N Rathi Nirmal Bang Vs B N Rathi
Upstox Vs BMA Wealth Creators Nirmal Bang Vs BMA Wealth Creators
Upstox Vs Bezel Stock Brokers Nirmal Bang Vs Bezel Stock Brokers
Upstox Vs Beeline Broking Nirmal Bang Vs Beeline Broking
Upstox Vs Bansal Finstock Nirmal Bang Vs Bansal Finstock
Upstox Vs Axis Direct Nirmal Bang Vs Axis Direct
Upstox Vs Ats Share Brokers Nirmal Bang Vs Ats Share Brokers
Upstox Vs Asit C Mehta Nirmal Bang Vs Asit C Mehta
Upstox Vs ASE Capital Markets Nirmal Bang Vs ASE Capital Markets
Upstox Vs Arihant Capital Nirmal Bang Vs Arihant Capital
Upstox Vs Alice Blue Nirmal Bang Vs Alice Blue
Upstox Vs 5Paisa Nirmal Bang Vs 5Paisa
Upstox Vs M.stock Nirmal Bang Vs M.stock
Upstox Vs WisdomCapital Nirmal Bang Vs WisdomCapital
Upstox Vs Way2wealth Nirmal Bang Vs Way2wealth
Upstox Vs Ventura Securities Nirmal Bang Vs Ventura Securities
Upstox Vs Tradeplus Online Nirmal Bang Vs Tradeplus Online
Upstox Vs Tradejini Nirmal Bang Vs Tradejini
Upstox Vs Tata Securities Nirmal Bang Vs Tata Securities
Upstox Vs Swastika Investmart Nirmal Bang Vs Swastika Investmart
Upstox Vs SMC Global Nirmal Bang Vs SMC Global
Upstox Vs SBICAP Securities Nirmal Bang Vs SBICAP Securities
Upstox Vs SASOnline Nirmal Bang Vs SASOnline
Upstox Vs Samco securities Nirmal Bang Vs Samco securities
Upstox Vs RKGlobal Nirmal Bang Vs RKGlobal
Upstox Vs Reliance Securities Nirmal Bang Vs Reliance Securities
Upstox Vs Master Trust Capital Nirmal Bang Vs Master Trust Capital
Upstox Vs Kotak Securities Nirmal Bang Vs Kotak Securities
Upstox Vs Interactive Brokers Nirmal Bang Vs Interactive Brokers
Upstox Vs Indiainfoline Nirmal Bang Vs Indiainfoline
Upstox Vs Indiabulls Securities Nirmal Bang Vs Indiabulls Securities
Upstox Vs IDBI Capital Nirmal Bang Vs IDBI Capital
Upstox Vs HDFC Securities Nirmal Bang Vs HDFC Securities
Upstox Vs Geojit Nirmal Bang Vs Geojit
Upstox Vs Fyers Securities Nirmal Bang Vs Fyers Securities
Upstox Vs Edelweiss Capital Nirmal Bang Vs Edelweiss Capital
Upstox Vs Easytradez Nirmal Bang Vs Easytradez
Upstox Vs Asthatrade Nirmal Bang Vs Asthatrade
Upstox Vs Anand Rathi Nirmal Bang Vs Anand Rathi
Upstox Vs Aditya Birla Money Nirmal Bang Vs Aditya Birla Money
Upstox Vs Achiievers Nirmal Bang Vs Achiievers
Upstox Vs A C Choksi Nirmal Bang Vs A C Choksi
Upstox Vs Angel Broking Nirmal Bang Vs Angel Broking
Upstox Vs Motilal Oswal Nirmal Bang Vs Motilal Oswal
Upstox Vs ICICI Direct Nirmal Bang Vs ICICI Direct
Upstox Vs Sharekhan Nirmal Bang Vs Sharekhan
Upstox Vs Groww Nirmal Bang Vs Groww
Upstox Vs Tradesmartonline Nirmal Bang Vs Tradesmartonline
Upstox Vs Zerodha Nirmal Bang Vs Zerodha

Frequently Asked Questions

Is Upstox better than Nirmal Bang ?

Upstox and Nirmal Bang 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 Nirmal Bang better than Upstox ?

Upstox and Nirmal Bang 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 Nirmal Bang ?

Upstox and Nirmal Bang 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 Nirmal Bang cheaper than Upstox ?

Upstox and Nirmal Bang 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. Nirmal Bang ?

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