IIFL Securities⭐ 9.1/10
Upstox⭐ 9.2/10IIFL Securities vs Upstox Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
IIFL Securities vs Upstox: Too Close to Call
IIFL Securities (rated 9.1) and Upstox (rated 9.2) are highly competitive. If you want to minimize upfront charges, choose IIFL Securities (pricing is Free vs Free). If you prefer a platform built for technical charting, choose IIFL Securities.
📊 Charges & Pricing Comparison
| Fee / Segment | IIFL Securities | Upstox |
|---|---|---|
| Account Opening Fee | Free | Free |
| Account AMC (Annual) | Rs 300 / year | Rs 150 / year |
| Equity Delivery | Rs 20 or 0.05% | Rs 20 or 0.1% |
| Intraday Brokerage | Rs 20 per order | Rs 20 or 0.05% |
| Futures & Options | Rs 20 per order | Rs 20 per order |
| Commodity Trading | Rs 20 per order | Rs 20 per order |
| Other / DP Charges | Standard industry charges | Standard DP charges |
| Account Opening Time | 15 Minutes | 10 Minutes |
💻 Trading Tools & Platforms
| Platform Feature | IIFL Securities | Upstox |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ❌ No |
| Trading API Access | ✅ Free API | ✅ Free API |
| Advanced Charts | ✅ Yes | ✅ Yes |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
IIFL Securities Pros & Cons
Pros
- ✅ Competitive pricing
- ✅ Good customer support in regional languages
Cons
- ❌ App UI might lack modern polish compared to top tier brokers
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
❓ FAQs: IIFL Securities vs Upstox
Which is cheaper between IIFL Securities and Upstox?
IIFL Securities charges Rs 20 or 0.05% for delivery trades and Rs 20 per order for intraday, with an AMC of Rs 300 / year. Meanwhile, Upstox charges Rs 20 or 0.1% for delivery and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. In terms of onboarding costs, IIFL Securities is Free compared to Upstox's Free.
Who has a better mobile app: IIFL Securities or Upstox?
IIFL Securities's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is IIFL Securities safer to use than Upstox?
Both IIFL Securities and Upstox are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, IIFL Securities has a rating of 9.1/10, reflecting their complaint ratio and client size, while Upstox has a rating of 9.2/10.