Upstox vs INDmoney
Comparison of charges, features, and platform quality. Both Upstox and INDmoney are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both Upstox and INDmoney are top-rated Discount brokers.
Upstox Wins on:
Best For IntradayBetter choice if you prioritize fast trading platform (pro) and need fast app, pro tools.
INDmoney Wins on:
Best For InvestorsBetter choice if you prioritize us stocks investing and need us stocks, finance tracker.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹150/year | ₹0 (Free) |
| Equity Delivery | ₹20 or 2.5% | ₹0 |
| Intraday Tradng | ₹20 or 0.05% | ₹0 |
| Active Clients | 30 Lakhs+ | 10 Lakhs+ |
| Rating | 4.6 | 4.4 |
| Best For | Intraday, Options | Investors, Mutual Funds |
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Brokerage Charges Explained
Upstox Fees
For equity delivery, ₹20 or 2.5% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for frequent traders.
INDmoney Fees
For equity delivery, ₹0 applies. If you trade Intraday, you pay ₹0 per order.
This makes it suitable for investors.
Trading Platform & App
UpstoxUpstox's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
INDmoneyINDmoney's platform focuses on research and data. Users find it powerful for detailed tracking.
Choose Upstox if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer fast app features.
Choose INDmoney if:
- You are looking for the best platform for Investors.
- You are looking for the best platform for Mutual Funds.
- You prefer us stocks features.
Pros & Cons Comparison
Upstox
Advantages
- Fast trading platform (Pro)
- Good charting tools
- Margin against shares
Disadvantages
- Delivery is charged (₹20)
- Customer support mixed reviews
- Downtime issues occasionally
INDmoney
Advantages
- US Stocks Investing
- All-in-one finance tracking
- Zero brokerage on US Stocks
Disadvantages
- Indian stocks feature is newer
- App can feel cluttered
