Upstox Vs TradePlus
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.
TradePlus
TradePlus Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs TradePlus - Broker Details
| Upstox | TradePlus | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2009 | 1983 |
| Exchanges | BSE, NSE and MCX | BSE, NSE, MCX, and CDSL |
| Branches | Zero | N/A |
| Brokerage | ₹20/ Order or 0.05% (Whichever is lower) | 0.025% on the Sell Side |
| Broker Type | Discount Broker | Discount Broker |
| Call Back Open Account |
Upstox Vs TradePlus - Account Opening & AMC Charges
| Upstox | TradePlus | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹99* per month (This charge depends on the plan) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹99* per month (This charge depends on the plan) |
| Call Back Open Account |
Upstox Vs TradePlus - Brokerage charges & Plans
| Upstox | TradePlus | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹99 per month or 0.01% on turnover each side |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹99 per month or ₹20 per lot each side |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | ₹0 (Free) |
| Equity Options | ₹20/ Order | ₹99 per month or ₹60 per lot each side |
| Commodity Options | ₹20/ Order | ₹99 per month or ₹60 per lot each side |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹799 per month or 0.01% on turnover each side |
| Currency Options | ₹20/ Order | ₹99 per month or ₹20 per lot each side |
| Fixed Charges | ₹20/ Order | 0.01% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.01% |
| Call Back Open Account |
Upstox Vs TradePlus - Other Charges
| Upstox | TradePlus | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | N/A |
| API Charges | ₹0 (Free) | ₹1500 + GST for a month |
| Call & Trade Charges | (₹50 + GST) | ₹ 75/- per day +GST |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | 0.01% |
| Minimum Brokerage | ₹20/ Order | 0.01% |
| Call Back Open Account |
Upstox Vs TradePlus - Transaction Charges
| Upstox | TradePlus | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% |Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | NSE: 0.037% | BSE: 0.00025% |
| Equity Futures | NSE: Exchange turnover charge: 0.0020% | Clearing charge: 0.0002% | NSE: NSE: 0.002% |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | NSE: 0.00335% | BSE:0.00375% |
| Equity Options | NSE: Exchange turnover charge: 0.053% | Clearing charge: 0.005% | NSE: 0.0505% | BSE:0.00375% |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | NSE: 0.0026% | BSE:0.0014% |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE: 0.00095% | BSE: 0.00022% |
| Equity Delivery | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | NSE: 0.00375% | BSE:0.00335% |
| Call Back Open Account |
Upstox Vs TradePlus - Margin (Exposure)
| Upstox | TradePlus | |
|---|---|---|
| Equity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Commodity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Upstox Vs TradePlus - Features
| Upstox | TradePlus | |
|---|---|---|
| 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 (F&O):- 3:15 PM | Currency:- 4:30 PM | Commodity :- 11:15 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. Rocket, 2. Rocket Plus, 3. Infinity MF |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
Upstox Vs TradePlus - Review & Rating
| Upstox | TradePlus | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Upstox Vs TradePlus - Request a call back from Broker
| Upstox | TradePlus | |
|---|---|---|
| Call Back Open Account |
Upstox Vs TradePlus - Investment Options
| Upstox | TradePlus | |
|---|---|---|
| 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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| Call Back Open Account |
Upstox Vs TradePlus - Order Type
| Upstox | TradePlus | |
|---|---|---|
| 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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| Call Back Open Account |
Upstox Vs TradePlus - Research & Report
| Upstox | TradePlus | |
|---|---|---|
| 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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| Call Back Open Account |
Upstox Vs TradePlus - Daily Market Report
| Upstox | TradePlus | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
Upstox Vs TradePlus - Suitable For Investor
| Upstox | TradePlus | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
Upstox Vs TradePlus - Pros & Cons
| Upstox | TradePlus | |
|---|---|---|
| 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. Low trading commissions, 2. Wide range of investment options, 3. User-friendly trading platform, 4. Quick and efficient customer support, 5. Access to research and educational resources |
| 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 account maintenance fees, 2. Limited physical branch locations, 3. Potential platform downtime or technical issues, 4. Inactivity fees for dormant accounts, 5. Additional charges for certain transactions or services |
| Call Back Open Account |
Upstox Vs TradePlus - Background
| Upstox | TradePlus | |
|---|---|---|
| Call Back Open Account |
Upstox Vs TradePlus - Compare All Brokers
| Upstox | TradePlus | |
|---|---|---|
| Call Back Open Account |
Upstox Vs TradePlus - STT/CTT
| Upstox | TradePlus | |
|---|---|---|
| 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(on Premium) |
| 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 |
Upstox Vs TradePlus - Demat transaction charges
| Upstox | TradePlus | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹50+ Gst per scrip only on sell |
| Call Back Open Account |
Upstox Vs TradePlus - GST
| Upstox | TradePlus | |
|---|---|---|
| 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 |
Upstox Vs TradePlus - SEBI Charges
| Upstox | TradePlus | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Upstox Vs TradePlus - Account Opening & AMC Charges
Upstox
TradePlus
Trading Account Opening Charge
₹0 (Free)
₹99* per month (This charge depends on the plan)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹99* per month (This charge depends on the plan)
Upstox Vs TradePlus
| Upstox | TradePlus | |
|---|---|---|
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. |
TradePlus Online Review 2024 |
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TradePlus
TradePlus Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Upstox Vs TradePlus - Brokerage charges & Plans
| Upstox | TradePlus | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹99 per month or 0.01% on turnover each side |
| Currency Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹99 per month or ₹20 per lot each side |
| Equity Delivery | ₹20/ Order or 2.5% (whichever is lower) | ₹0 (Free) |
| Equity Options | ₹20/ Order | ₹99 per month or ₹60 per lot each side |
| Commodity Options | ₹20/ Order | ₹99 per month or ₹60 per lot each side |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹799 per month or 0.01% on turnover each side |
| Currency Options | ₹20/ Order | ₹99 per month or ₹20 per lot each side |
| Fixed Charges | ₹20/ Order | 0.01% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.01% |
| Call Back Open Account |
Upstox Vs TradePlus - Margin (Exposure)
| Upstox | TradePlus | |
|---|---|---|
| Equity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Commodity Options | Option Sell: 1x | Option Buying: No Margin | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Upstox Vs TradePlus - Other Charges
| Upstox | TradePlus | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | N/A |
| API Charges | ₹0 (Free) | ₹1500 + GST for a month |
| Call & Trade Charges | (₹50 + GST) | ₹ 75/- per day +GST |
| Other Brokerage Charges | ₹20/ Order or 0.05% ( Whichever is lower) | 0.01% |
| Minimum Brokerage | ₹20/ Order | 0.01% |
| Call Back Open Account |
Upstox Vs TradePlus - STT/CTT
| Upstox | TradePlus | |
|---|---|---|
| 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(on Premium) |
| 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 |
Upstox Vs TradePlus - Demat transaction charges
| Upstox | TradePlus | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday) No Charges | Equity Delivery- ₹18.5 + Gst per scrip per day only on sell | ₹50+ Gst per scrip only on sell |
| Call Back Open Account |
Upstox Vs TradePlus - GST
| Upstox | TradePlus | |
|---|---|---|
| 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 |
Upstox Vs TradePlus - SEBI Charges
| Upstox | TradePlus | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
| Call Back Open Account |
Upstox Vs TradePlus - Features
| Upstox | TradePlus | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
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| Margin Trading Facility |
|
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| Call & Trade Facility |
|
|
| Referral Program |
|
|
| 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 (F&O):- 3:15 PM | Currency:- 4:30 PM | Commodity :- 11:15 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. Rocket, 2. Rocket Plus, 3. Infinity MF |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |