Broker comparison
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| Attribute | ICICI Direct | Upstox |
|---|---|---|
| Brokerage | 0.55% equity | ₹20 / Intraday & F&O order |
| Type | Full-service broker | Discount broker |
| Account opening | ₹975 | Free (₹0) |
| AMC | ₹700/yr | ₹0 |
| Equity delivery | 0.55% | ₹0 |
| Intraday / F&O | 0.055% | ₹20 per order |
| DP charges | ₹25 + GST | ₹18.5 per scrip |
| SEBI registration | INZ000000221 | INZ000185137 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 4.2 | Rating 4.5 |
| Best for | Investors who want advisory and execution under one roof | Chartists and algo traders wanting a low-cost API |
| Hidden charges to watch | ₹975 opening, ₹700 AMC, call & trade ₹50 per order, 3-in-1 bank fees | DP charges per scrip on sale; call & trade ₹25 per order; API fees beyond the free tier |
| Segments | Equity, F&O, Currency, Debt, Mutual funds, Insurance | Equity, F&O, Commodity, Currency, Mutual funds |
| F&O (all segments) | Per-contract slabs | ₹20 per order |
| Highlights | 3-in-1 account, Research reports, Portfolio advisory, InstaTrade API | Upstox Pro web, Coins & MF, Option chain analytics, Open API |
| Open account | ICICI Direct | Upstox |
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