Sharekhan Vs Upstox | Share Broker Comparison 2021

Sharekhan Vs Upstox step-by-step comparison between all aspect of share brokers like Active clients, Trading platform, Brokerage charges, Customer care supports & tools, Margin/leverage, Account opening charges etc.

Sharekhan Vs Upstox Side-by-side Comparison

Broker Name	Sharekhan Securities	Upstox
Broker Info	Sharekhan Review	Upstox Review

Sharekhan Vs Upstox Background

Incorporation Year	Feb, 2000	2011 Started as RKSV
Broker Services	Full-Service Discount Broker	Discount Broker
Website URL	www.sharekhan.com	www.upstox.com
Contact Number	022 330546000	022-61309999
Exchanges Accessible	NSE, BSE, MCX-SX, MCX & NCDEX	NSE, BSE, MCX-SX & MCX
Demat (NSDL/CDSL)	NSDL & CDSL	NSDL- Partnership with ILFS
Active Total Client	5,00,000+ Clients	100000+ Clients

Introduction

Introduction	Sharekhan Securities	Upstox
Broker Reviews /Opinion	Sharekhan securities has great brand value. One of the largest stock broking company in india. Sharekhan has presences in almost all indian cities. Provide great trading platform and first broker introduced bracket and trailing stoploss order.	Upstox is reputed discount broker with low brokerage charges for per order. Customer care support is very good. Upstox is suitable for both the intraday trader as well as investors.

Broker Ratings and Reviews Comparison

Broker Rating/Reviews	Sharekhan Securities	Upstox
Opening Charges	★★★★	★★★★★
Commissions & Fees	★★★	★★★★★
Trading Platforms & Tools	★★★★★	★★★★★
Order Execution	★★★★★	★★★★★
Fund Add/Withdraw	★★★★★	★★★★★
Customer Services	★★★★★	★★★★★
Overall Rating	★★★★	★★★★★

Usable For Investors Category Comparison

Useful for Type of Investors	Sharekhan Securities	Upstox
Day Traders	Yes, Available ✔	Yes, Available ✔
Active Investor/Trader	Yes, Available ✔	Yes, Available ✔
Investor	Yes, Available ✔	Yes, Available ✔

Account Opening Fees and AMC Comparison

Account Opening Fees and AMC	Sharekhan Securities	Upstox
Trading Account Opening Charges	₹ 750 for Classic & ₹ 1000 for Trade Tiger	Rs.150 for Equity
Trading Annual Maintenance Charges	₹ 0	Free
Demat Account Opening Fees	₹ 0	Rs.150
Demat Annual Maintenance Charges	₹ 450	Rs.150/Per Annum (1st Year Free)
Commodity Fees	₹ 0	Rs.150 for Commodity Account
Offer DP Service	Yes, Available ✔	Yes, Available ✔

Available Trading Brokerage Plans Comparison

Available Brokerage Plans	Sharekhan Securities	Upstox
Monthly Subscription	Not Available, ✖	Yes, Available ✔
Yearly Subscription	Not Available, ✖	Not Available, ✖
Multiple Subscription	Not Available, ✖	Not Available, ✖

Trading Brokerage Charges Comparison

Brokerage Charges	Sharekhan Securities	Upstox
Plan Subscription Summery	Percentage Based Brokerage Charges	Upstox charges Only Rs.20 Per order for all segments and Rs.0 for Equity Delivery.
Equity Intraday Charges	0.10% for Intraday	Rs.20/executed order or 0.01% whichever is lower.
Equity Delivery Charges	0.50% for Delivery – Negotiable	Free
Equity Futures Charges	0.10% on one side oniy for intraday sq.off & 0.10% on second side if sq.off on next next	Rs.20/executed order or 0.01% whichever is lower.
Equity Options Charges	Rs.100 per Lot	Rs.20/executed order or 0.01% whichever is lower.
Currency Futures Charges	0.10%	Rs.20/executed order or 0.01% whichever is lower.
Currency Options Charges	₹ 20/lot- Negotiable	Rs.20/executed order or 0.01% whichever is lower.
Commodity Charges	0.10%	Rs.20/executed order or 0.01% whichever is lower.
Minimum Brokerage Fees	Defualt 0.10%	0.01% Minimum
Any Hidden Cost	No, ✖	No, ✖
Call & Trade Charges	Free	Rs 20 + 18% GST per order

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Available Margins / Leverage Comparison

Margins or Leverage	Sharekhan Securities	Upstox
Equity Margin Intraday	Upto 32x times for equity cash.	Up to 15 times-Base Plan & Up to 20 times-Priority Plan.
Equity Margin Delivery	Upto 15x times for equity delivery	No Margin for Delivery.
Equity Margin Futures	Upto 15x times for equity futures	Normal Margin-Up to 4 times for Index & Stock future. Priority Plan- Up to 5 times for Index & Stock future.
Equity Margin Options	Upto 10x times for equity options	Normal Margin-Up to 4 times for Index & Stock option short. Priority Plan- Up to 5 times for Index & Stock options. No margin for option buying.
Currency Margin Futures	Upto 8x for currency futures	NRML Plan: 4 times. Priority Plan: 4 times. NRML CO: 4 times. Priority CO: 5 times
Currency Margin Options	Upto 10x for currency options	NRML Plan: 4 times. Priority Plan: 4 times. NRML CO: 4 times. Priority CO: 5 times
Commodity Margin	Upto 10x times for Commodity	NRML Plan: 2.5 times. Priority Plan: 3 times. NRML CO: 3 times. Priority CO: 4 times.

Transaction and Other Government Charges, Taxes Comparison

Transparency & Other Fees	Sharekhan Securities	Upstox
Equity Day Trading	0.00325% or Rs.325/per crore.	0.00325% or Rs.325/per crore.
Equity Delivery	0.00325% or Rs.325/per crore.	0.00325% or Rs.325/per crore.
Equity Futures Trading	0.0021% or Rs.210/per crore.	0.0021% or Rs.210/per crore.
Equity Options Trading	0.055% or Rs.5500/per crore.	0.055% or Rs.5500/per crore.
Currency Futures Trading	0.0013% or Rs.130/per crore.	0.0015% or Rs.150/per crore.
Currency Options Trading	0.042% or Rs.4200/per crore.	0.06% or Rs.6000/per crore.
Commodities Trading	NA	Agri: Rs.275 per crore & Non-Agri: Rs.360 per crore.
AMC Charge	₹ 400/- (1st year Free).	Free for Trading AMC. Rs.150 PA for Demat AMC
DP Transaction Fees	₹ 16/per transaction.	Rs 15.50 per debit instruction
Offline order placing Charge	Free	Rs. 20 per order
Sebi Charges	Rs.15/per cr.	Rs.15/per cr.
GST	18% on Brokerage + Transaction charges.	18% on Brokerage + Transaction charges.
Stamp Duty	As per Clients state.	As per Clients state.

Available Trading Platform / Software Comparison

Trading Platforms / Software	Sharekhan Securities	Upstox
Desktop Trading Platform	Trade Tiger	Dartstock/NEST TRADER/FOX TRADER
Web Based	newtrade.sharekhan.com	pro.upstox.com
Mobile Application	Sharekhan Mobile App	Upstox

Trading Platform Details Comparison

Trading Platform Details	Sharekhan Securities	Upstox
Demo (Desktop) Platform	Yes, Available ✔	Yes, Available ✔
Windows Desktop platform	Yes, Available ✔	Yes, Available ✔
MAC Desktop platform	No, ✖	No, ✖
Web Trading URL	Yes, Available ✔	pro.upstox.com
Web Trading Portals Info	Yes, Available ✔	Upstox.com
Mobile Site	Yes, Available ✔	Yes, Available ✔
Mobile Trading Availability	Yes, Available ✔	Yes, Available ✔
Mobile Trading Application	Download Link	Upstox
Mobile App Demo	Demo Link	Demo
Android / Ios Mobile App	Yes, ✔ Both Available	Yes, ✔ Both Available

Charting Facility Comparison

Charting	Sharekhan Securities	Upstox
Intraday (Day Chart)	Yes, Available ✔	Yes, Available ✔
End of Day (Daily Chart)	Yes, Available ✔	Yes, Available ✔
Coding/Backtesting	No, ✖	Not Available, ✖

Reporting Comparison

Reporting	Sharekhan Securities	Upstox
Trade Online Reports	Yes, Available ✔	Yes, Available ✔
PNL Online Reports	Yes, Available ✔	Yes, Available ✔
Online Contract Notes	Yes, Available ✔	Yes, Available ✔

Trading Support and Tools Comparison

Support & Tools	Sharekhan Securities	Upstox
Research & Tips	Yes, Available ✔	No, ✖
Brokerage Calculator	No, ✖	Yes, Available ✔
Span Margin Calculator	No, ✖	Yes, Available ✔
Trailing Stoploss	Yes, Available ✔	No, ✖
Training & Education	Yes, ✔ Blogs, Articles	Yes, ✔ Blogs, Articles

Trading Features Comparison

Useful Trading Features	Sharekhan Securities	Upstox
3 in 1 Account (Bank+Trading+Demat)	No, ✖	No, ✖
Instant Fund withdrawal	No, ✖	No, ✖(24 hours)
Relationship Managers (RM)	Yes, Available ✔	No, ✖
Charts	Yes, Available ✔	Yes, Available ✔
Algo Trading / Robot	No, ✖	No, ✖
Mobile SMS Alerts	Yes, Available ✔	Yes, Available ✔(Free)
Online Demo	Yes, Available ✔	Yes, Available ✔
Online Portfolio	Yes, Available ✔	Yes, Available ✔
Margin for Future Trading	Yes, Available ✔	Yes, Available ✔
Combined Records for Equity & Commodity	Yes, Available ✔	Yes, Available ✔
Intraday Sq.off Timing	3.15 PM	3.15 PM
Can NRI Trade	Yes, Available ✔	Yes, Available ✔
Extra Features	Ask to Broker	Pivot Point Indicator on Chart

Services and Available Option Category Comparison

Investment Service and Available Options	Sharekhan Securities	Upstox
Equity Cash & Future & Option	Yes, Available ✔	Yes, Available ✔
Currency Derivatives (Forex)	Yes, Available ✔	Yes, Available ✔
Commodity	Yes, Available ✔	Yes, Available ✔
Online IPO Request	Yes, Available ✔	No, ✖
Mutual Funds (MF)	Yes, Available ✔	Yes, Available ✔
Bonds / Negotiable Certificate of Deposit	Yes, Available ✔	No, ✖
Exchange-Traded Fund (ETF)	Yes, Available ✔	Yes, Available ✔
Banking Services	No, ✖	No, ✖
Direct Insurance	Yes, Available ✔	No, ✖
Forex Investment	Yes, Available ✔	No, ✖
MF SIP Investments	Yes, Available ✔	No, ✖
PMS Services	Yes, Available ✔	No, ✖
Other Options	Ask to Broker	Ask to Broker

Fund Add / Fund Withdrawal Procedure Comparison

Fund Add/Withdrawal Process	Sharekhan Securities	Upstox
Fund Pay In and Pay out	Add Fund: Cheque, Online Bank Transfer using IMPS, NEFT or RTGS, UPI, Net-Banking and payment gatway. Withdrawal fund: Bank Tranfer	Add Fund: Cheque, Online Bank Transfer using IMPS, NEFT or RTGS, UPI, Net-Banking and payment gatway. Withdrawal fund: Bank Tranfer
Time for Payout	24 hours (working days)	24 hours (working days).
Linked Bank	Near about 22 bank available for fund credit and Rs.9 for per transaction.	Near about 30 bank available for fund credit and Rs.7 for per transaction.

Trading Order Types Comparison

Trading Order Types	Sharekhan Securities	Upstox
Cash N Carry (CNC Order)	Yes, Available ✔	Yes, Available ✔
Margin Intraday Square (MIS Order)	Yes, Available ✔	Yes, Available ✔
Normal (NRML Order)	Yes, Available ✔	Yes, Available ✔
Cover Order	Yes, Available ✔	Yes, Available ✔
Bracket Order	Yes, Available ✔	Yes, Available ✔
Buy Today Sell Tomorrow (BTST)	Yes, Available ✔	Yes, Available ✔
Sell Today Buy Tomorrow (STBT)	Yes, Available ✔	Yes, Available ✔
AMO -After Market Order	Yes, Available ✔	Yes, Available ✔
GTG-Good Till Cancelled	Yes, Available ✔	No, ✖

Customer Care Services and Numbers Comparison

Customer Care Services	Sharekhan Securities	Upstox
Customer Care Service 24/7	No, ✖	No, ✖
Email Support	Yes, Available ✔	Yes, Available ✔
Live Chat Online	Yes, Available ✔	No, ✖
Phone Support	Yes, Available ✔	Yes, Available ✔
Toll-Free Number	Yes, Available ✔	No, ✖
Support by Branch	Yes, Available ✔	Yes, Available ✔(Main Office)
Customer Care Contact Number	022 25753200	91 2261309999
Account Opening Procedure	Paperless	Paperless
Customer Support Email	[email protected]	[email protected]
Complaints Support Email	[email protected]	[email protected], [email protected]
Educational Blog	Yes, Available ✔	Yes, Available ✔
Head Office Address	ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400020	30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar West, Mumbai 400013

Investment Advice/tips/ Research & Reports Comparison

Investment Advice -Tips, Research & Reports	Sharekhan Securities	Upstox
Equity Research	Yes, Available ✔	No, ✖
Mutual Fund Research	Yes, Available ✔	No, ✖
ETF Research	No, ✖	No, ✖
Daily Report	Yes, Available ✔	No, ✖
Free Tips- Advisory	Yes, Available ✔	No, ✖
Company Result Analysis	Yes, Available ✔	No, ✖
News & Alerts	Yes, Available ✔	No, ✖

Sharekhan Vs Upstox Advantages & Disadvantages Comparison

Advantages & Disadvantages	Sharekhan Securities	Upstox
Pros / Likes	Most know Stock broker in India	No charges for Equity Delivery
	Very good Customer Care Support	Technically high-edge Trading Platform
	Pan india presence	Excellent Customer care Support
	Fast & high tech trading platform	Direct mutual fund investments.
	Excellent equity research	Diffrent types of orders types available.
Cons / Dislikes	High Brokerage charges	No stock tips / advisory.
	ETF Research not available	Online IPO Application not available.
	3-in-1 account not available	Rs.20 Extra for call n trade.
	No Algo Trading
Promotion or offer	1st Year Free Demat Annual Maintenance Charges (AMC)	Free equity delivery trading and only Rs.20 or 0.01 % whichever is lowest brokerage charges.