Find 1st of its kind Comparison of ICICI Direct Franchise vs Upstox Franchise. This comparison provides a detailed view of all the features of respecting sub broker or franchise brands.
ICICI Direct & Upstox are both Broking houses & provide sub brokership to their partners. Both of them have varied Business Models which we will discuss here.
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In this comparison, we will dig deep into all the aspects of both broking franchise brands. The significant aspects that we will discuss are:
- Overview
- Customer Ratings
- Business Models
- Security Deposit or Initial Investment
- Revenue Sharing or Commission
- Infrastructure Requirement
- Offers
- Support
- Brokerage Charges to Clients
- Other Charges & Margin to Clients
With this detailed comparison, we will have a clear understanding of which Sub Brokership is better: ICICI Direct Sub Broker Program or Upstox Sub Broker Program.
Start this amazing comparison between ICICI Direct Sub Broker & Upstox Sub Broker:
ICICI Direct Franchise vs Upstox Franchise – An Overview |
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| Overview | ICICI Direct Franchise | Upstox Franchise |
| Company Type | Public | Private |
| Broker type | Full Service Broker | Full Service Broker |
| Headquarters | Mumbai, India | Mumbai, India |
| Founder | M K Sharma | Raghu Kumar, Ravi Kumar |
| Established Year | 1994 | |
| SB Code Activation Time | 14 Days | 15 Days |
| Payout Time | 30 Days | 31 Days |
Customer Ratings of ICICI Direct Sub Broker & Upstox Sub Broker |
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| Customer Ratings | ICICI Direct Franchise | Upstox Franchise |
| Experience | 3.50 / 5 | 2.5/5 |
| Services | 4.00 / 5 | 2.8/5 |
| Products | 4.00 / 5 | 3.1/5 |
| Trading Platforms | 3.60 / 5 | 2.7/5 |
| Support | 3.50 / 5 | 2.8/5 |
| Revenue Sharing Model | 3.00 / 5 | 3.1/5 |
| Security Deposit | 2.50 / 5 | 3.3/5 |
| Offers | 2.50 / 5 | 2.7/5 |
| Market Share | 2.50 / 5 | 1.9/5 |
| Overll Ratings | 3.23 / 5 | 2.8/5 |
| Star Ratings | ★★★☆☆ | ★★★☆☆ |
Compare Business Models of ICICI Direct Franchise & Upstox Franchise |
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| Business Models | ICICI Direct Franchise | Upstox Franchise |
| Master Franchise | S | S |
| Sub Broker | R | R |
| Remisier | R | S |
| Referral Program | S | R |
ICICI Direct Franchise vs Upstox Franchise Security Deposit Comparison |
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| Security Deposit | ICICI Direct Franchise | Upstox Franchise |
| Master Franchise | NA | NA |
| Sub Broker | 75000 – 200000 | Rs 25,000 – Rs 50,000 |
| Remisier | 25000 – 100000 | NA |
| Referral Program | NA | NA |
Upstox Franchise vs ICICI Direct Franchise Revenue Sharing Comparison |
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| Revenue Sharing | ICICI Direct Franchise | Upstox Franchise |
| Master Franchise | NA | NA |
| Sub Broker | 50% – 75% | 10% – 30% |
| Remisier | 30% – 75% | NA |
| Referral Program | NA | Gift Voucher |
Upstox Sub Broker vs ICICI Direct Sub Broker Infra Requirement |
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| Infrastructure Requirement | ICICI Direct Franchise | Upstox Franchise |
| Office Area | Minimum 300 Sq Ft | Not Required |
| Employee Strength | Minimum 5 | Not Required |
| Research Services | R | S |
| Internet Connection | R | S |
| Trading Terminals | R | S |
| Telephone Lines | R | S |
Compare ICICI Direct Partner & Upstox Partner Offers |
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| Offers | ICICI Direct Franchise | Upstox Franchise |
| Zero Deposit | S | S |
| 10k Initial Deposit | S | R |
| Flexible Revenue Sharing | R | R |
| Flat Revenue Sharing | S | S |
| Zero Revenue Sharing with Prepaid | S | S |
Upstox Authorised Person vs ICICI Direct Authorised Person Support |
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| Support | ICICI Direct Franchise | Upstox Franchise |
| Marketing Support | R | S |
| Back-Office Support | R | R |
| Trading Support | R | S |
| Advisory Support | R | S |
| Dealing Training | S | R |
| Acquisition Training | S | S |
| Product Training | R | R |
Compare Brokerage Charges of ICICI Direct Franchise & Upstox Franchise |
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| Brokerage Charges to Clients | ICICI Direct Franchise | Upstox Franchise |
| Equity Delivery | 0.55% | Zero |
| Equity Intraday | 0.03% – 0.05% | Rs. 20 per trade or 0.01% |
| *Equity Futures | 0.03% – 0.05% | Rs. 20 per trade or 0.01% |
| Equity Options | Rs.35 – Rs.95 per Lot | *Rs. 20 per trade or 0.01% |
| Currency Futures | 0.03% – 0.05% | Rs. 20 per trade or 0.01% |
| Currency Options | Rs.10 – Rs.35 per Lot | Rs. 20 per trade or 0.01% |
| Commodity | NA | *Rs. 20 per trade or 0.01% |
ICICI Direct Partners & Upstox Partners Charges Comparison |
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| Charges to Clients | ICICI Direct Franchise | Upstox Franchise |
| Demat AMC | Rs.500 per Annum | Rs 150 (One Time) |
| Trading AMC | Rs.975 per Annum | Rs 150 (One Time) |
| Account Opening Charges | Zero | Zero |
| Transaction Charges | 0.002800% | 0.003250% |
| Margin Money | Minimum Rs.20,000 | Zero |
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