Here is a point by point comparison of Upstox Vs Interactive Brokers.
RKSV (or Upstox) is a discount broker launched by 3 co-founders in 2012. Today, RKSV does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix. Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or Upstox is internet based, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short-term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between Upstox Vs Interactive Brokers to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Generally, above-mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Upstox Vs Interactive Brokers for the benefits of other readers. Please feel free to share in the comments below.