Upstox Vs Hensex Securities
Upstox
Upstox is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix.
Upstox provides many more rich trading features like trading, analysis, charter and etc. It provides ease to place orders through phones and browsers. Upstox provides a completely Upstox Free trading account and free trading as well in Equity Delivery Segment. Upstox refer and earn review program is also available in which you can refer your friends to trading with Upstox.
Hensex Securities
Hensex Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs Hensex Securities - Broker Details
| Upstox | Hensex Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2009 | 2000-2001 |
| Exchanges | BSE, NSE and MCX | NSE, BSE and MCX |
| Branches | Zero | 10+ |
| Brokerage | ₹20/ Order or 0.05% (Whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Broker Type | Discount Broker | Discount Broker |
Upstox Vs Hensex Securities - Account Opening & AMC Charges
| Upstox | Hensex Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | First Year Free (After ₹250 -/- per year for indivusual) | First Year Free (After ₹2000 -/- per year for Corporate) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Upstox Vs Hensex Securities - Brokerage charges & Plans
| Upstox | Hensex Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹40 or 0.10 per order |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.50% per order |
| Equity Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Commodity Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Currency Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Fixed Charges | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
Upstox Vs Hensex Securities - Other Charges
| Upstox | Hensex Securities | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | N/A |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | (₹50 + GST) | ₹20 per executed order |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Minimum Brokerage | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
Upstox Vs Hensex Securities - Transaction Charges
| Upstox | Hensex Securities | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | BSE: 0.001% | NSE: 0.035% |
| Equity Futures | NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% | NSE: 0.002% |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | BSE: 0.00345% | NSE: 0.00345% |
| Equity Options | NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% | NSE: 0.053% |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | Commodity Futures- 0.0026% | Commodity option- 0.05% |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE: 0.0009% | BSE: 0.00022% |
| Equity Delivery | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | BSE: 0.00345% | NSE: 0.00345% |
Upstox Vs Hensex Securities - Margin (Exposure)
| Upstox | Hensex Securities | |
|---|---|---|
| Equity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
Upstox Vs Hensex Securities - Features
| Upstox | Hensex Securities | |
|---|---|---|
| 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 Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM | Equity Cash: 03:21 PM | Equity F&O :03:15 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 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 | 1. Hensex Web, 2. Hensex Wave(Hensez E-trade), 3. Hensex Diet, 4. Hensex MF |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Upstox Vs Hensex Securities - Review & Rating
| Upstox | Hensex Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Upstox Vs Hensex Securities - Request a call back from Broker
| Upstox | Hensex Securities | |
|---|---|---|
Upstox Vs Hensex Securities - Investment Options
| Upstox | Hensex Securities | |
|---|---|---|
| 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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Upstox Vs Hensex Securities - Order Type
| Upstox | Hensex Securities | |
|---|---|---|
| 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 (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Upstox Vs Hensex Securities - Research & Report
| Upstox | Hensex Securities | |
|---|---|---|
| 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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Upstox Vs Hensex Securities - Daily Market Report
| Upstox | Hensex Securities | |
|---|---|---|
| Daily Market Reports & News |
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Upstox Vs Hensex Securities - Suitable For Investor
| Upstox | Hensex Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Upstox Vs Hensex Securities - Pros & Cons
| Upstox | Hensex Securities | |
|---|---|---|
| Pros | 1.Brokerage free trading in Equity delivery segment. 2. For customers convenience, mobile trading app is available. 3. Both web and mobile has After Market Order (AMO), (CO) or (OCO) order. 4. Availability of stop loss in both web and mobile. 5. Availability of multiple indicators to monitor market. 6. Upstox bridge for Amibroker helps to code and execute the trading strategies. 7. Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. 8.Availability of Margin against shares. | 1. Hensex broker offers competitive brokerage rates, 2. They provide a wide range of investment options and financial products, 3. Hensex broker offers advanced trading platforms and tools, 4.They provide research and analysis to assist investors in making informed decisions, 5. Hensex broker offers reliable customer support and assistance. |
| Cons | 1. Unavailability of unlimited monthly trading plans. 2.Extra charge of call and trade fee on per executed order. 3. In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. 4. No provision for stock tips and recommendations. 5. Unavailability of 3 in 1 account. 6. Customer support is time constraint. 7.Unavailability of margin funding on delivery trades. | 1. Hensex broker may have higher account maintenance fees or minimum balance requirements, 2. They might have limited accessibility or availability in certain regions, 3. Hensex broker may lack certain advanced features or tools compared to other brokers, 4. They may have a smaller network or fewer branch locations, 5. Hensex broker may not offer certain specialized investment options or services. |
Upstox Vs Hensex Securities - Background
| Upstox | Hensex Securities | |
|---|---|---|
Upstox Vs Hensex Securities - Compare All Brokers
| Upstox | Hensex Securities | |
|---|---|---|
Upstox Vs Hensex Securities - STT/CTT
| Upstox | Hensex Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on the sell side |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.05% on the sell side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.01% on the sell side |
| Commodity Options | 0.05% on sell trade | 0.05% on the sell side |
Upstox Vs Hensex Securities - Demat transaction charges
| Upstox | Hensex Securities | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹25/- per scrip (excluding GST) |
Upstox Vs Hensex Securities - GST
| Upstox | Hensex Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) | 18% on (Brokerage + Transaction Charge) |
Upstox Vs Hensex Securities - SEBI Charges
| Upstox | Hensex Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Upstox Vs Hensex Securities - Account Opening & AMC Charges
Upstox
Hensex Securities
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free (After ₹250 -/- per year for indivusual) | First Year Free (After ₹2000 -/- per year for Corporate)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Upstox Vs Hensex Securities
| Upstox | Hensex Securities | |
|---|---|---|
Upstox Review 2024 - Brokerage Charges, Account Opening, MarginUpstox (which was earlier known as RKSV securities) is a low-cost broking firm, whose main motive is to provide trading opportunities at unbeatable prices. Upstox is being backed by a group of investors like: Kalaari capital, Ratan Tata and GVK Davix. |
Hensex Securities Review 2024 |
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Hensex Securities
Hensex Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs Hensex Securities - Brokerage charges & Plans
| Upstox | Hensex Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹40 or 0.10 per order |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.50% per order |
| Equity Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Commodity Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Currency Options | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- ₹100 per lot |
| Fixed Charges | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Call Back Open Account |
Upstox Vs Hensex Securities - Margin (Exposure)
| Upstox | Hensex Securities | |
|---|---|---|
| Equity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of Normal margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Call Back Open Account |
Upstox Vs Hensex Securities - Other Charges
| Upstox | Hensex Securities | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | N/A |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | (₹50 + GST) | ₹20 per executed order |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
| Minimum Brokerage | ₹20/ Order | Basic- ₹20 per order | Premium- ₹40 or 0.10 per order | Advance- Up to 0.05% per order |
Upstox Vs Hensex Securities - STT/CTT
| Upstox | Hensex Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on the sell side |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.05% on the sell side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.01% on the sell side |
| Commodity Options | 0.05% on sell trade | 0.05% on the sell side |
Upstox Vs Hensex Securities - Demat transaction charges
| Upstox | Hensex Securities | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹25/- per scrip (excluding GST) |
Upstox Vs Hensex Securities - GST
| Upstox | Hensex Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges) | 18% on (Brokerage + Transaction Charge) |
Upstox Vs Hensex Securities - SEBI Charges
| Upstox | Hensex Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Upstox Vs Hensex Securities - Features
| Upstox | Hensex Securities | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity Cash:- 3:15 PM (Co- 3:10 PM) | Equity Derivatives:- 3:20 PM (Co- 3:10 PM) | Currency Derivatives:- 4:30 PM(Co- 4:35 PM) Commodities:- 40 mins prior to when the market closes at 11:30 PM 30 mins prior to when the market closes at 11:55 PM | Equity Cash: 03:21 PM | Equity F&O :03:15 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 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 | 1. Hensex Web, 2. Hensex Wave(Hensez E-trade), 3. Hensex Diet, 4. Hensex MF |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |