ProfitMart Vs Upstox
ProfitMart
Profitmart Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges Profitmart Review of NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Upstox
Upstox Review Online Share/Stock Trading, Options Trading, Discount Brokers in India, Upstox Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
ProfitMart Vs Upstox - Broker Details
ProfitMart | Upstox | |
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Single Margin Facility |
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NO |
Year of Incorporation | 2010 | 2012 |
Exchanges | BSE, NSE, MCX. | BSE, NSE and MCX |
Branches | 32 | 45 |
Brokerage | 1 Paisa per Rs.100 | Rs.20/Order or 0.05% |
Broker Type | Discount Broker | Discount Broker |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Account Opening & AMC Charges
ProfitMart | Upstox | |
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Trading Account Opening Charge | ₹250+GST(₹45) i.e. ₹295 one time . | Rs.249 |
Demat Account Opening Charge | Rs.0 (Free) | ₹0 (Free) |
Demat Account AMC | Rs.999/yearly | Rs.300/yearly |
Trading Account AMC | Rs.0 (Free) | Rs.0 (Free) |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Brokerage charges & Plans
ProfitMart | Upstox | |
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Commodity Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Equity Delivery | 30 Paisa per ₹100 | Zero brokerage |
Equity Options | Rs.25 per lot. | Flat Rs. 20 per executed order. |
Commodity Options | 1 Paisa per Rs.100 | Flat Rs. 20 per executed order. |
Equity Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Options | Rs.25 per lot. | Flat Rs. 20 per executed order. |
Fixed Charges | 1 Paisa per Rs.100 | Rs. 20/Order |
Equity Intraday | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Other Charges
ProfitMart | Upstox | |
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RMS Square Off Charge | - | Rs. 20 per order+ GST |
API Charges | 2500 + 18% GST | ₹ 750 * per month |
Call & Trade Charges | Rs.0 (free) | Rs. 20 per order+ GST |
Other Brokerage Charges | 1 Paisa per Rs.100 | Rs.20/Order or 0.05% |
Minimum Brokerage | 1 Paisa per Rs.100 | Rs.20/order |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Transaction Charges
ProfitMart | Upstox | |
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Currency Options | 0.00325% of Total Turnover | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% |
Equity Futures | 0.00325% of Total Turnover | NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% |
Equity Intraday | 0.00325% of Total Turnover | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
Equity Options | 0.00325% of Total Turnover | NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% |
Commodity | 0.00325% of Total Turnover | Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% |
Currency Futures | 0.00325% of Total Turnover | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% |
Equity Delivery | 0.00325% of Total Turnover | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Margin (Exposure)
ProfitMart | Upstox | |
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Equity Options | Up to 3X (Trading Margin) | Option Sell: Basic: 3x | Priority: 4x | |
Equity Intraday | Up to 20X (Time Leverage) | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Currency Options | Up to 3X (Trading Leverage) | Basic: 3x | Priority: 4x |
Commodity Options | Up to 3X | 2 times |
Commodity Futures | Up to 5X (Trading Exposure) | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | 1x (no margin) | No extra margins provided |
Currency Futures | Up to 5X | Basic:3x | Priority:4x | |
Equity Futures | Up to 5X (Time Limit) | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Features
ProfitMart | Upstox | |
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Online Portfolio |
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Algo Trading |
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Margin Trading Facility |
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Call & Trade Facility |
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Referral Program |
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Collateral Margin |
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Online Demo |
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3 in 1 Account |
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Charting |
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Intraday Square-off Time | EQUITY 3:15, CURRENCY 4:30 PM, COMMODIITES 11:15 PM / 11:40 PM. | 3:15 |
Trading Platform | 1. Profitmart Mobile App. 2. Tradetron Algo Trading Platform. 3. Fox Trader Trading Platform. 4. API Bridge. | 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. |
SMS Alerts for Trades |
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Direct Mutual Fund |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Review & Rating
ProfitMart | Upstox | |
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Trading Brokerage | ||
Customer Service | ||
Fees | ||
Trading Platform Usability | ||
Mobile App | ||
Research | ||
Desktop Software | ||
Overall Ratings | ||
Broker Rating | Profitmart is rated 3.3 of 5 | Upstox is rated 3.9 of 5 |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Request a call back from Broker
ProfitMart | Upstox | |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Investment Options
ProfitMart | Upstox | |
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Currency |
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IPO |
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Commodity |
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Debt |
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Other Options |
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Stock Cash / Equity |
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Mutual Funds |
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Bond / NCD |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Order Type
ProfitMart | Upstox | |
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Bracket Order/BO/OCO |
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BTST |
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Cover Order/CO |
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Good Till Cancelled (GTC) |
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BUY ABOVE/SELL BELOW |
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After Market Order(AMO) |
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STBT |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Research & Report
ProfitMart | Upstox | |
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Free Tips |
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Quarterly Result Analysis |
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Daily Market Report |
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News Alerts |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Daily Market Report
ProfitMart | Upstox | |
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Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Suitable For Investor
ProfitMart | Upstox | |
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Casual Investor |
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Active Investor |
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Trader |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Pros & Cons
ProfitMart | Upstox | |
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Pros | 1. It provides various offers from time to time. 2. It provides the advanced and smart trading platforms that makes trading easy and efficient. 3. It provides the online or offline transaction facility. 4. It has quick and great customer support. 5. It has its branches across India to serve its customers. | • Brokerage free trading in Equity delivery segment, which means customer need not to pay any brokerage for delivery trades in equity. • For customers convenience, mobile trading app is available for both android and IOS platforms without any further software charges. • Both web and mobile has After Market Order (AMO), Cover Order (CO) or One Cancel OTHER (OCO) order. • Availability of stop loss in both web and mobile. • Availability of multiple indicators to monitor market. • Upstox bridge for Amibroker helps to code and execute the trading strategies. • Developer console from Upstox helps to build your own trading app. • Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. • Availability of Margin against shares. • For higher leverage, customers can opt for Priority Brokerage Package. |
Cons | 1. It prescribes least brokerage charges. 2. It does not provide the facility of brokerage calculator. 3. The trading platforms are not compatible for web. | • Unavailability of unlimited monthly trading plans. • Extra charge of call and trade fee on per executed order. • In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. • In the basic plan of Upstox, brokerage free trading can be availed only in Equity Delivery Segment. For rest of the segments, brokerage is charged at ₹ 20 or lower per trade. • Even though Upstox basic plan provide brokerage free trading, still demat transaction charges has to be paid by the customer. In fact, if we compare the demat debit transaction charges of Upstox (₹21.83) with other discount brokers (₹15.93), it turns out to be really high. • No provision for stock tips and recommendations. • Unavailability of 3 in 1 account as company doesn’t provide banking services. • Customer support is time constraint. • From Jan 2018 Upstox NRI trading and demat accounts are no longer available. • Unavailability of margin funding on delivery trades. |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Background
ProfitMart | Upstox | |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Compare All Brokers
ProfitMart | Upstox | |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Account Opening & AMC Charges
ProfitMart Vs Upstox
ProfitMart | Upstox | |
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Profitmart NRI Account ReviewProfitmart currently do not offer the facility of opening a NRI trading and demat account. Only the Indian residents can get their demat and trading accounts open with Profitmart. If an Profitmart wishes to open account with Profitmart then he is required to have his Indian residence proofs and Indian bank account. The customers who have recently became had to close their a .. + " Vs "+ Upstox |
Upstox NRI Account OpeningUpstox is one of the most popular discount brokers in the country and a large amount of people are interested in trading through it including not only who resides inside the country but also who live outside the country i.e. NRIs. NRI Trading Account |
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Upstox
Upstox Review Online Share/Stock Trading, Options Trading, Discount Brokers in India, Upstox Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
ProfitMart Vs Upstox - Brokerage charges & Plans
ProfitMart | Upstox | |
---|---|---|
Commodity Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Equity Delivery | 30 Paisa per ₹100 | Zero brokerage |
Equity Options | Rs.25 per lot. | Flat Rs. 20 per executed order. |
Commodity Options | 1 Paisa per Rs.100 | Flat Rs. 20 per executed order. |
Equity Futures | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Options | Rs.25 per lot. | Flat Rs. 20 per executed order. |
Fixed Charges | 1 Paisa per Rs.100 | Rs. 20/Order |
Equity Intraday | 1 Paisa per Rs.100 | Rs. 20 per executed order or 0.05% (whichever is lower) |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Margin (Exposure)
ProfitMart | Upstox | |
---|---|---|
Equity Options | Up to 3X (Trading Margin) | Option Sell: Basic: 3x | Priority: 4x | |
Equity Intraday | Up to 20X (Time Leverage) | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Currency Options | Up to 3X (Trading Leverage) | Basic: 3x | Priority: 4x |
Commodity Options | Up to 3X | 2 times |
Commodity Futures | Up to 5X (Trading Exposure) | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | 1x (no margin) | No extra margins provided |
Currency Futures | Up to 5X | Basic:3x | Priority:4x | |
Equity Futures | Up to 5X (Time Limit) | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Other Charges
ProfitMart | Upstox | |
---|---|---|
RMS Square Off Charge | - | Rs. 20 per order+ GST |
API Charges | 2500 + 18% GST | ₹ 750 * per month |
Call & Trade Charges | Rs.0 (free) | Rs. 20 per order+ GST |
Other Brokerage Charges | 1 Paisa per Rs.100 | Rs.20/Order or 0.05% |
Minimum Brokerage | 1 Paisa per Rs.100 | Rs.20/order |
Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |
ProfitMart Vs Upstox - Features
ProfitMart | Upstox | |
---|---|---|
Online Portfolio |
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Algo Trading |
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Margin Trading Facility |
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Call & Trade Facility |
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Referral Program |
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Collateral Margin |
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Online Demo |
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3 in 1 Account |
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Charting |
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Intraday Square-off Time | EQUITY 3:15, CURRENCY 4:30 PM, COMMODIITES 11:15 PM / 11:40 PM. | 3:15 |
Trading Platform | 1. Profitmart Mobile App. 2. Tradetron Algo Trading Platform. 3. Fox Trader Trading Platform. 4. API Bridge. | 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. |
SMS Alerts for Trades |
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Direct Mutual Fund |
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Enquiry with ProfitMart Open Account | Enquiry with Upstox Open Account |