Sharekhan Vs Upstox
Sharekhan
Sharekhan is Discount Broker. Its 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.
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.
Sharekhan Vs Upstox - Broker Details
Sharekhan | Upstox | |
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Single Margin Facility | NO | |
Year of Incorporation | 2000 | 2012 |
Exchanges | NSE, BSE, MCX and NCDEX. | BSE, NSE and MCX |
Branches | 160+ | 45 |
Brokerage | 0.10% | Rs.20/Order or 0.05% |
Broker Type | Discount Broker | Discount Broker |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Account Opening & AMC Charges
Sharekhan | Upstox | |
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Trading Account Opening Charge | Rs.0 (Free) | Rs.249 |
Demat Account Opening Charge | Rs.0 (Free) | ₹0 (Free) |
Demat Account AMC | Rs.400 (Free for 1st year) | Rs.300/yearly |
Trading Account AMC | Rs.0 (Free) | Rs.0 (Free) |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Brokerage charges & Plans
Sharekhan | Upstox | |
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Commodity Futures | 0.03% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Futures | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Equity Delivery | 0.50% | Zero brokerage |
Equity Options | Rs.50 per lot | Flat Rs. 20 per executed order. |
Commodity Options | 0.03% | Flat Rs. 20 per executed order. |
Equity Futures | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Options | Rs.30 per lot | Flat Rs. 20 per executed order. |
Fixed Charges | Rs.1,00,000 per year | Rs. 20/Order |
Equity Intraday | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Other Charges
Sharekhan | Upstox | |
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RMS Square Off Charge | - | Rs. 20 per order+ GST |
API Charges | TradeTiger API at no extra cost. | ₹ 750 * per month |
Call & Trade Charges | Rs.0 (free) | Rs. 20 per order+ GST |
Other Brokerage Charges | Rs.1,00,000 per year | Rs.20/Order or 0.05% |
Minimum Brokerage | 0.10% | Rs.20/order |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Transaction Charges
Sharekhan | Upstox | |
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Currency Options | NSE ₹4220 per Cr (0.04220%)| MCX ₹3220 per Cr (0.03220%) (on premium) | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% |
Equity Futures | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side | NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% |
Equity Intraday | NSE ₹325 per Cr (0.00325%)| BSE ₹275 per Cr (0.00275%) (each side) | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
Equity Options | NSE ₹5000 per Cr (0.05%)| BSE ₹50 per Cr (0.0005%) (on premium) | NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% |
Commodity | MCX (Non Agri) ₹230 per Cr (0.0023%) | MCX (Agri) ₹95 per Cr (0.00095%) | Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% |
Currency Futures | NSE ₹135 per Cr (0.00135%) | MCX ₹130 per Cr (0.00130%) | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% |
Equity Delivery | NSE ₹325 per Cr (0.00325%)| BSE ₹275 per Cr (0.00275%) (each side) | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Margin (Exposure)
Sharekhan | Upstox | |
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Equity Options | 1 time (SPAN + Exposure) | Option Sell: Basic: 3x | Priority: 4x | |
Equity Intraday | Up to 10 times | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Currency Options | NA | Basic: 3x | Priority: 4x |
Commodity Options | NA | 2 times |
Commodity Futures | Up to 2 times for Intraday | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | Up to 5 times with 24% interest per year | No extra margins provided |
Currency Futures | NA | Basic:3x | Priority:4x | |
Equity Futures | 2 time for Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Features
Sharekhan | 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 | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:15 |
Trading Platform | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) | 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 Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Review & Rating
Sharekhan | Upstox | |
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Trading Brokerage | ||
Customer Service | ||
Fees | ||
Trading Platform Usability | ||
Mobile App | ||
Research | ||
Desktop Software | ||
Overall Ratings | ||
Broker Rating | Upstox is rated 3.9 of 5 | |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Request a call back from Broker
Sharekhan | Upstox | |
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Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Investment Options
Sharekhan | 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 Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Order Type
Sharekhan | 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 Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Research & Report
Sharekhan | 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 Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Daily Market Report
Sharekhan | Upstox | |
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Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Suitable For Investor
Sharekhan | Upstox | |
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Casual Investor |
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Active Investor |
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Trader |
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Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Pros & Cons
Sharekhan | Upstox | |
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Pros | 1. It offers multiple trading platforms to its customers to suite the needs of customer. 2. It provides various brokerage slabs to fulfil the customer needs. More you trade with Sharekhan the lesser brokerage you need to pay. 3. It provides the online and classroom trading, seminars and workshops to the investors. 4. The stock broker does not charge online fund transfer from the bank account and the funds pay-out to bank account. 5. It does not charge for DP transactions. 6. It allows fixed deposit as collateral for the future and options trading. 7. It charges zero fees from the call and trade facility. | • 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 does not offer the 3-in-1 account as it does not provide the banking services. 2. The brokerage charged is percentage based that are higher in comparison to the flat fee brokers. 3. It charges a minimum brokerage fee of 10 paisa per stock and would not allow you to trade in stocks below ₹20. 4. The customers who hold Classic account are unable to trade in Commodities. | • 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 Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Background
Sharekhan | Upstox | |
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Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Compare All Brokers
Sharekhan | Upstox | |
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Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Account Opening & AMC Charges
Sharekhan Vs Upstox
Sharekhan | Upstox | |
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Sharekhan NRI Account OpeningSharekhan is one of the largest stock brokers in India and is ranked as 3rd among the most famous stock broker. It was incorporated in the year 2000 and provides its brokerage services by its website. It has grown immensely since last 10 years and now is considered as the leading stock broker of India. It provides services to all kinds of customers that includes investors, .. + " 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.
Sharekhan Vs Upstox - Brokerage charges & Plans
Sharekhan | Upstox | |
---|---|---|
Commodity Futures | 0.03% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Futures | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Equity Delivery | 0.50% | Zero brokerage |
Equity Options | Rs.50 per lot | Flat Rs. 20 per executed order. |
Commodity Options | 0.03% | Flat Rs. 20 per executed order. |
Equity Futures | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Currency Options | Rs.30 per lot | Flat Rs. 20 per executed order. |
Fixed Charges | Rs.1,00,000 per year | Rs. 20/Order |
Equity Intraday | 0.10% | Rs. 20 per executed order or 0.05% (whichever is lower) |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Margin (Exposure)
Sharekhan | Upstox | |
---|---|---|
Equity Options | 1 time (SPAN + Exposure) | Option Sell: Basic: 3x | Priority: 4x | |
Equity Intraday | Up to 10 times | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Currency Options | NA | Basic: 3x | Priority: 4x |
Commodity Options | NA | 2 times |
Commodity Futures | Up to 2 times for Intraday | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | Up to 5 times with 24% interest per year | No extra margins provided |
Currency Futures | NA | Basic:3x | Priority:4x | |
Equity Futures | 2 time for Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Other Charges
Sharekhan | Upstox | |
---|---|---|
RMS Square Off Charge | - | Rs. 20 per order+ GST |
API Charges | TradeTiger API at no extra cost. | ₹ 750 * per month |
Call & Trade Charges | Rs.0 (free) | Rs. 20 per order+ GST |
Other Brokerage Charges | Rs.1,00,000 per year | Rs.20/Order or 0.05% |
Minimum Brokerage | 0.10% | Rs.20/order |
Enquiry with Sharekhan Open Account | Enquiry with Upstox Open Account |
Sharekhan Vs Upstox - Features
Sharekhan | 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 | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:15 |
Trading Platform | 1. TradeTiger (Trading Terminal) 2. Sharekhan Website (Website Trading) 3. Sharekhan App (Mobile Trading) 4. Sharekhan Mini (Low bandwidth app) | 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 Sharekhan Open Account | Enquiry with Upstox Open Account |