Upstox Vs ProfitMart
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
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 Vs ProfitMart - Broker Details
Upstox | ProfitMart | |
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Single Margin Facility | NO |
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Year of Incorporation | 2012 | 2010 |
Exchanges | BSE, NSE and MCX | BSE, NSE, MCX. |
Branches | 45 | 32 |
Brokerage | Rs.20/Order or 0.05% | 1 Paisa per Rs.100 |
Broker Type | Discount Broker | Discount Broker |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Account Opening & AMC Charges
Upstox | ProfitMart | |
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Trading Account Opening Charge | Rs.249 | ₹250+GST(₹45) i.e. ₹295 one time . |
Demat Account Opening Charge | ₹0 (Free) | Rs.0 (Free) |
Demat Account AMC | Rs.300/yearly | Rs.999/yearly |
Trading Account AMC | Rs.0 (Free) | Rs.0 (Free) |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Brokerage charges & Plans
Upstox | ProfitMart | |
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Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Equity Delivery | Zero brokerage | 30 Paisa per ₹100 |
Equity Options | Flat Rs. 20 per executed order. | Rs.25 per lot. |
Commodity Options | Flat Rs. 20 per executed order. | 1 Paisa per Rs.100 |
Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Currency Options | Flat Rs. 20 per executed order. | Rs.25 per lot. |
Fixed Charges | Rs. 20/Order | 1 Paisa per Rs.100 |
Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Other Charges
Upstox | ProfitMart | |
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RMS Square Off Charge | Rs. 20 per order+ GST | - |
API Charges | ₹ 750 * per month | 2500 + 18% GST |
Call & Trade Charges | Rs. 20 per order+ GST | Rs.0 (free) |
Other Brokerage Charges | Rs.20/Order or 0.05% | 1 Paisa per Rs.100 |
Minimum Brokerage | Rs.20/order | 1 Paisa per Rs.100 |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Transaction Charges
Upstox | ProfitMart | |
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Currency Options | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | 0.00325% of Total Turnover |
Equity Futures | NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% | 0.00325% of Total Turnover |
Equity Intraday | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group | 0.00325% of Total Turnover |
Equity Options | NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% | 0.00325% of Total Turnover |
Commodity | Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% | 0.00325% of Total Turnover |
Currency Futures | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% | 0.00325% of Total Turnover |
Equity Delivery | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group | 0.00325% of Total Turnover |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Margin (Exposure)
Upstox | ProfitMart | |
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Equity Options | Option Sell: Basic: 3x | Priority: 4x | | Up to 3X (Trading Margin) |
Equity Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 20X (Time Leverage) |
Currency Options | Basic: 3x | Priority: 4x | Up to 3X (Trading Leverage) |
Commodity Options | 2 times | Up to 3X |
Commodity Futures | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Up to 5X (Trading Exposure) |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | No extra margins provided | 1x (no margin) |
Currency Futures | Basic:3x | Priority:4x | | Up to 5X |
Equity Futures | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 5X (Time Limit) |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Features
Upstox | ProfitMart | |
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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 | 3:15 | EQUITY 3:15, CURRENCY 4:30 PM, COMMODIITES 11:15 PM / 11:40 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. Profitmart Mobile App. 2. Tradetron Algo Trading Platform. 3. Fox Trader Trading Platform. 4. API Bridge. |
SMS Alerts for Trades |
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Direct Mutual Fund |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Review & Rating
Upstox | ProfitMart | |
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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 | Profitmart is rated 3.3 of 5 |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Request a call back from Broker
Upstox | ProfitMart | |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Investment Options
Upstox | ProfitMart | |
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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 Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Order Type
Upstox | ProfitMart | |
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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 Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Research & Report
Upstox | ProfitMart | |
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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 Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Daily Market Report
Upstox | ProfitMart | |
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Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Compare Stock Brokers Review | ||
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Suitable For Investor
Upstox | ProfitMart | |
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Casual Investor |
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Active Investor |
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Trader |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Pros & Cons
Upstox | ProfitMart | |
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Pros | • 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. | 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. |
Cons | • 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. | 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. |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Background
Upstox | ProfitMart | |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Compare All Brokers
Upstox | ProfitMart | |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Account Opening & AMC Charges
Upstox Vs ProfitMart
Upstox | ProfitMart | |
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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
+ " Vs "+ ProfitMart
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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 .. |
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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 Vs ProfitMart - Brokerage charges & Plans
Upstox | ProfitMart | |
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Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Equity Delivery | Zero brokerage | 30 Paisa per ₹100 |
Equity Options | Flat Rs. 20 per executed order. | Rs.25 per lot. |
Commodity Options | Flat Rs. 20 per executed order. | 1 Paisa per Rs.100 |
Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Currency Options | Flat Rs. 20 per executed order. | Rs.25 per lot. |
Fixed Charges | Rs. 20/Order | 1 Paisa per Rs.100 |
Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) | 1 Paisa per Rs.100 |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Margin (Exposure)
Upstox | ProfitMart | |
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Equity Options | Option Sell: Basic: 3x | Priority: 4x | | Up to 3X (Trading Margin) |
Equity Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 20X (Time Leverage) |
Currency Options | Basic: 3x | Priority: 4x | Up to 3X (Trading Leverage) |
Commodity Options | 2 times | Up to 3X |
Commodity Futures | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Up to 5X (Trading Exposure) |
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
Equity Delivery | No extra margins provided | 1x (no margin) |
Currency Futures | Basic:3x | Priority:4x | | Up to 5X |
Equity Futures | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 5X (Time Limit) |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Other Charges
Upstox | ProfitMart | |
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RMS Square Off Charge | Rs. 20 per order+ GST | - |
API Charges | ₹ 750 * per month | 2500 + 18% GST |
Call & Trade Charges | Rs. 20 per order+ GST | Rs.0 (free) |
Other Brokerage Charges | Rs.20/Order or 0.05% | 1 Paisa per Rs.100 |
Minimum Brokerage | Rs.20/order | 1 Paisa per Rs.100 |
Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |
Upstox Vs ProfitMart - Features
Upstox | ProfitMart | |
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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 | 3:15 | EQUITY 3:15, CURRENCY 4:30 PM, COMMODIITES 11:15 PM / 11:40 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. Profitmart Mobile App. 2. Tradetron Algo Trading Platform. 3. Fox Trader Trading Platform. 4. API Bridge. |
SMS Alerts for Trades |
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Direct Mutual Fund |
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Enquiry with Upstox Open Account | Enquiry with ProfitMart Open Account |