Broker comparison
Upstox vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Upstox and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Upstox | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (flat) |
| AMC | ₹0 first year, then ₹300 + GST per year | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | Upstox API — Free (per official developer page) | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | ≈ 135 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - via Upstox API | Yes - via IIFL trading API |
| Platforms | Upstox app, Upstox web (Pro) | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Intraday and options traders who prioritise app speed and a free API. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Both publish execution-speed figures (Upstox: ≈ 135 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Upstox full profile
- IIFL Securities full profile
- Upstox brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Upstox vs IIFL Securities: which has lower delivery brokerage?
At our last review, Upstox published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Upstox or IIFL Securities have a trading API?
Both have documented APIs at review time: Upstox (Upstox API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Upstox or IIFL Securities?
Upstox publishes ≈ 135 ms (median); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Upstox - official website - https://upstox.com
- Upstox - official pricing - https://upstox.com/brokerage-charges/
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges