Quick Comparision (Upstox
VS Definedge 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.
Upstox
Definedge Securities
Single Margin Facility
Year of Incorporation
2009
2015
Exchanges
BSE, NSE and MCX
NSE, BSE, MCX and NCDEX.
Branches
Zero
270
Brokerage
₹20/ Order or 0.05% (Whichever is lower)
₹18 per executed order
Broker Type
Discount Broker
Discount Broker
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Upstox
Definedge Securities
Trading Account Opening Charge
₹0 (Free)
₹180
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹300
Trading Account AMC
₹0 (Free)
₹300 AMC
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Upstox
Definedge Securities
Commodity Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Currency Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Equity Delivery
₹20/ Order or 2.5% (whichever is lower)
₹0 (Free)
Equity Options
₹20/ Order
₹18 per executed order
Commodity Options
₹20/ Order
₹18 per executed order
Equity Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Currency Options
₹20/ Order
₹18 per executed order
Fixed Charges
₹20/ Order
₹18 per executed order
Equity Intraday
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹ 18 per executed order whichever is lower
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Upstox
Definedge Securities
RMS Square Off Charge
(₹50 + GST)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
(₹50 + GST)
₹36/- per order
Other Brokerage Charges
₹20/ Order or 0.05% ( Whichever is lower)
₹18 per executed order
Minimum Brokerage
₹20/ Order
₹18 per executed order
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Upstox
Definedge Securities
Currency Options
NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025%
NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium)
Equity Futures
NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002%
NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side
Equity Intraday
NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side)
Equity Options
NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005%
NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium)
Commodity
Non-Agri: Exchange turnover charge: 0.0026%
MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%)
Currency Futures
NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%)
Equity Delivery
NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group
NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side)
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Upstox
Definedge 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)
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Upstox
Definedge Securities
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
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 & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 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. Zone Web, 2. Zone Mobile, 3. Tradepoint Software
SMS Alerts for Trades
Direct Mutual Fund
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Upstox
Definedge Securities
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Upstox
Definedge Securities
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Upstox
Definedge Securities
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Upstox
Definedge Securities
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Upstox
Definedge Securities
Daily Market Reports & News
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Upstox
Definedge Securities
Casual Investor
Active Investor
Trader
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Upstox
Definedge 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. Well-established brokerage firm, 2. Diverse range of financial products, 3. Advanced trading platforms. 4. Experienced team of professionals, 5. Strong research and analysis support.
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. Possible high fees or commissions, 2. Customer service quality might vary, 3. Limited physical branch presence, 4. May not cater to all types of investors.5. Platform complexity for beginners.
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Upstox
Definedge Securities
Commodity Futures
0.01% on sell trade (Non-Agri)
0.01% on sell side (Non-Agri)
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 sell Side
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy & sell
0.1% on both buy and sell
Equity Futures
0.01% only on sell
0.01% on sell Side
Commodity Options
0.05% on sell trade
0.05% on sell side
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Upstox
Definedge Securities
Equity Demat Transaction Charges
Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell
₹0 (Free)
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Upstox
Definedge Securities
Equity/Currencies/Commodities ( Delivery & FNO)
18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)
18% (on brokerage + transaction charges)
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Upstox
Definedge Securities
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/ Crore
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Trading Account Opening Charge
₹0 (Free)
₹180
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹300
Trading Account AMC
₹0 (Free)
₹300 AMC
Enquiry with Definedge Securities
Upstox
Definedge Securities
Upstox Review 2024 - Brokerage Charges, Account Opening, Margin Upstox (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.
+ " Vs "+ Definedge Securities
Definedge Securities Review | Account Charges, Brokerage, and Trading Platforms
Read more..
Upstox
Definedge Securities
Commodity Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Currency Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Equity Delivery
₹20/ Order or 2.5% (whichever is lower)
₹0 (Free)
Equity Options
₹20/ Order
₹18 per executed order
Commodity Options
₹20/ Order
₹18 per executed order
Equity Futures
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹18 per executed order whichever is lower
Currency Options
₹20/ Order
₹18 per executed order
Fixed Charges
₹20/ Order
₹18 per executed order
Equity Intraday
₹20/ Order or 0.05% (whichever is lower)
0.03% or ₹ 18 per executed order whichever is lower
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge 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
Enquiry with Definedge Securities
Upstox
Definedge Securities
RMS Square Off Charge
(₹50 + GST)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
(₹50 + GST)
₹36/- per order
Other Brokerage Charges
₹20/ Order or 0.05% ( Whichever is lower)
₹18 per executed order
Minimum Brokerage
₹20/ Order
₹18 per executed order
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge Securities
Commodity Futures
0.01% on sell trade (Non-Agri)
0.01% on sell side (Non-Agri)
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 sell Side
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy & sell
0.1% on both buy and sell
Equity Futures
0.01% only on sell
0.01% on sell Side
Commodity Options
0.05% on sell trade
0.05% on sell side
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge Securities
Equity Demat Transaction Charges
Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell
₹0 (Free)
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge Securities
Equity/Currencies/Commodities ( Delivery & FNO)
18% (on brokerage + transaction charges) | Equity Delivery - 18% (on brokerage + transaction + demat charges)
18% (on brokerage + transaction charges)
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge Securities
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/ Crore
Call Back
Open Account
Enquiry with Definedge Securities
Upstox
Definedge Securities
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
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 & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 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. Zone Web, 2. Zone Mobile, 3. Tradepoint Software
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Definedge Securities