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