Sharekhan Vs Upstox Share Broker Comparison
Sharekhan Vs Upstox share broker comparison

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 NameSharekhan SecuritiesUpstox
Broker InfoSharekhan ReviewUpstox Review

Sharekhan Vs Upstox Background

Incorporation YearFeb, 20002011 Started as RKSV
Broker ServicesFull-Service Discount BrokerDiscount Broker
Website URLwww.sharekhan.comwww.upstox.com
Contact Number022 330546000022-61309999
Exchanges AccessibleNSE, BSE, MCX-SX, MCX & NCDEXNSE, BSE, MCX-SX & MCX
Demat (NSDL/CDSL)NSDL & CDSLNSDL- Partnership with ILFS
Active Total Client5,00,000+ Clients100000+ Clients

Introduction

IntroductionSharekhan SecuritiesUpstox
Broker Reviews /OpinionSharekhan 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 InquiryGet CallbackGet Callback

Broker Ratings and Reviews Comparison

Broker Rating/ReviewsSharekhan SecuritiesUpstox
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 InvestorsSharekhan SecuritiesUpstox
Day TradersYes, Available ✔Yes, Available ✔
Active Investor/TraderYes, Available ✔Yes, Available ✔
InvestorYes, Available ✔Yes, Available ✔

Account Opening Fees and AMC Comparison

Account Opening Fees and AMCSharekhan SecuritiesUpstox
Trading Account Opening Charges₹ 750 for Classic & ₹ 1000 for Trade TigerRs.150 for Equity 
Trading Annual Maintenance Charges₹ 0Free
Demat Account Opening Fees₹ 0Rs.150
Demat Annual Maintenance Charges₹ 450Rs.150/Per Annum (1st Year Free)
Commodity Fees₹ 0Rs.150 for Commodity Account
Offer DP ServiceYes, Available ✔Yes, Available ✔

Available Trading Brokerage Plans Comparison

Available Brokerage PlansSharekhan SecuritiesUpstox
Monthly SubscriptionNot Available, ✖Yes, Available ✔
Yearly SubscriptionNot Available, ✖Not Available, ✖
Multiple SubscriptionNot Available, ✖Not Available, ✖

Trading Brokerage Charges Comparison

Brokerage ChargesSharekhan SecuritiesUpstox
Plan Subscription SummeryPercentage Based Brokerage ChargesUpstox charges Only Rs.20 Per order for all segments and Rs.0 for Equity Delivery.
Equity Intraday Charges0.10% for Intraday Rs.20/executed order or 0.01% whichever is lower.
Equity Delivery Charges0.50% for Delivery – NegotiableFree
Equity Futures Charges0.10% on one side oniy for intraday sq.off & 0.10% on second side if sq.off on next nextRs.20/executed order or 0.01% whichever is lower.
Equity Options ChargesRs.100 per LotRs.20/executed order or 0.01% whichever is lower.
Currency Futures Charges0.10%Rs.20/executed order or 0.01% whichever is lower.
Currency Options Charges₹ 20/lot- NegotiableRs.20/executed order or 0.01% whichever is lower.
Commodity Charges0.10%Rs.20/executed order or 0.01% whichever is lower.
Minimum Brokerage FeesDefualt 0.10%0.01% Minimum
Any Hidden CostNo, ✖No, ✖
Call & Trade ChargesFreeRs 20 + 18% GST per order

Available Margins / Leverage Comparison

Margins or LeverageSharekhan SecuritiesUpstox
Equity Margin IntradayUpto 32x times for equity cash.Up to 15 times-Base Plan & Up to 20 times-Priority Plan.
Equity Margin DeliveryUpto 15x times for equity deliveryNo Margin for Delivery.
Equity Margin FuturesUpto 15x times for equity futuresNormal Margin-Up to 4 times for Index & Stock future.
Priority Plan- Up to 5 times for Index & Stock future.
Equity Margin OptionsUpto 10x times for equity optionsNormal 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 FuturesUpto 8x for currency futuresNRML Plan: 4 times. Priority Plan: 4 times. NRML CO: 4 times.
Priority CO: 5 times
Currency Margin OptionsUpto 10x for currency optionsNRML Plan: 4 times. Priority Plan: 4 times. NRML CO: 4 times.
Priority CO: 5 times
Commodity MarginUpto 10x times for CommodityNRML 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 FeesSharekhan SecuritiesUpstox
Equity Day Trading0.00325% or Rs.325/per crore.0.00325% or Rs.325/per crore.
Equity Delivery0.00325% or Rs.325/per crore.0.00325% or Rs.325/per crore.
Equity Futures Trading0.0021% or Rs.210/per crore.0.0021% or Rs.210/per crore.
Equity Options Trading0.055% or Rs.5500/per crore.0.055% or Rs.5500/per crore.
Currency Futures Trading0.0013% or Rs.130/per crore.0.0015% or Rs.150/per crore.
Currency Options Trading0.042% or Rs.4200/per crore.0.06% or Rs.6000/per crore.
Commodities TradingNAAgri: 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 ChargeFreeRs. 20 per order
Sebi ChargesRs.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 / SoftwareSharekhan SecuritiesUpstox
Desktop Trading PlatformTrade TigerDartstock/NEST TRADER/FOX TRADER
Web Basednewtrade.sharekhan.compro.upstox.com
Mobile ApplicationSharekhan Mobile AppUpstox

Trading Platform Details Comparison

Trading Platform DetailsSharekhan SecuritiesUpstox
Demo (Desktop) PlatformYes, Available ✔Yes, Available ✔
Windows Desktop platform Yes, Available ✔Yes, Available ✔
MAC Desktop platform No, ✖No, ✖
Web Trading URLYes, Available ✔pro.upstox.com
Web Trading Portals InfoYes, Available ✔Upstox.com
Mobile SiteYes, Available ✔Yes, Available ✔
Mobile Trading AvailabilityYes, Available ✔Yes, Available ✔
Mobile Trading ApplicationDownload LinkUpstox
Mobile App DemoDemo LinkDemo
Android / Ios Mobile AppYes, ✔ Both AvailableYes, ✔ Both Available

Charting Facility Comparison

ChartingSharekhan SecuritiesUpstox
Intraday (Day Chart)Yes, Available ✔Yes, Available ✔
End of Day (Daily Chart)Yes, Available ✔Yes, Available ✔
Coding/BacktestingNo, ✖Not Available, ✖

Reporting Comparison

ReportingSharekhan SecuritiesUpstox
Trade Online  ReportsYes, Available ✔Yes, Available ✔
PNL Online ReportsYes, Available ✔Yes, Available ✔
Online Contract Notes Yes, Available ✔Yes, Available ✔

Trading Support and Tools Comparison

Support & ToolsSharekhan SecuritiesUpstox
Research & TipsYes, Available ✔No, ✖
Brokerage CalculatorNo, ✖Yes, Available ✔
Span Margin CalculatorNo, ✖Yes, Available ✔
Trailing StoplossYes, Available ✔No, ✖
Training & EducationYes, ✔ Blogs, ArticlesYes, ✔ Blogs, Articles

Trading Features Comparison

Useful Trading FeaturesSharekhan SecuritiesUpstox
3 in 1 Account (Bank+Trading+Demat)No, ✖No, ✖
Instant Fund withdrawalNo, ✖No, ✖(24 hours)
Relationship Managers (RM)Yes, Available ✔No, ✖
ChartsYes, Available ✔Yes, Available ✔
Algo Trading / RobotNo, ✖No, ✖
Mobile SMS AlertsYes, Available ✔Yes, Available ✔(Free)
Online DemoYes, Available ✔Yes, Available ✔
Online Portfolio Yes, Available ✔Yes, Available ✔
Margin for Future TradingYes, Available ✔Yes, Available ✔
Combined Records for Equity & CommodityYes, Available ✔Yes, Available ✔
Intraday Sq.off Timing3.15 PM3.15 PM
Can NRI TradeYes, Available ✔Yes, Available ✔
Extra FeaturesAsk to BrokerPivot Point Indicator on Chart

Services and Available Option Category Comparison

Investment Service and Available OptionsSharekhan SecuritiesUpstox
Equity Cash & Future & OptionYes, Available ✔Yes, Available ✔
Currency Derivatives (Forex)Yes, Available ✔Yes, Available ✔
Commodity Yes, Available ✔Yes, Available ✔
Online IPO RequestYes, Available ✔No, ✖
Mutual Funds (MF)Yes, Available ✔Yes, Available ✔
Bonds / Negotiable Certificate of DepositYes, Available ✔No, ✖
Exchange-Traded Fund (ETF)Yes, Available ✔Yes, Available ✔
Banking ServicesNo, ✖No, ✖
Direct InsuranceYes, Available ✔No, ✖
Forex InvestmentYes, Available ✔No, ✖
MF SIP InvestmentsYes, Available ✔No, ✖
PMS ServicesYes, Available ✔No, ✖
Other OptionsAsk to BrokerAsk to Broker

Fund Add / Fund Withdrawal Procedure Comparison

Fund Add/Withdrawal ProcessSharekhan SecuritiesUpstox
Fund Pay In and Pay outAdd 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 Payout24 hours (working days)24 hours (working days).
Linked BankNear 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 TypesSharekhan SecuritiesUpstox
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 OrderYes, Available ✔Yes, Available ✔
Bracket OrderYes, Available ✔Yes, Available ✔
Buy Today Sell Tomorrow (BTST)Yes, Available ✔Yes, Available ✔
Sell Today Buy Tomorrow (STBT)Yes, Available ✔Yes, Available ✔
AMO -After Market OrderYes, Available ✔Yes, Available ✔
GTG-Good Till CancelledYes, Available ✔No, ✖

Customer Care Services and Numbers Comparison

Customer Care ServicesSharekhan SecuritiesUpstox
Customer Care Service 24/7No, ✖No, ✖
Email SupportYes, Available ✔Yes, Available ✔
Live Chat OnlineYes, Available ✔No, ✖
Phone SupportYes, Available ✔Yes, Available ✔
Toll-Free NumberYes, Available ✔No, ✖
Support by BranchYes, Available ✔Yes, Available ✔(Main Office)
Customer Care Contact Number022 25753200 91 2261309999
Account Opening ProcedurePaperlessPaperless
Customer Support Emailmyaccount@sharekhan.comsupport@upstocx.com
Complaints Support Emailigc@sharekhan.comcomplaints@upstox.com, complaints.mcx@upstox.com
Educational BlogYes, Available ✔Yes, Available ✔
Head Office AddressICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 40002030th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar West, Mumbai 400013

Investment Advice/tips/ Research & Reports Comparison

Investment Advice -Tips, Research & ReportsSharekhan SecuritiesUpstox
Equity ResearchYes, Available ✔No, ✖
Mutual Fund ResearchYes, Available ✔No, ✖
ETF ResearchNo, ✖No, ✖
Daily ReportYes, Available ✔No, ✖
Free Tips- AdvisoryYes, Available ✔No, ✖
Company Result AnalysisYes, Available ✔No, ✖
News & AlertsYes, Available ✔No, ✖

Sharekhan Vs Upstox Advantages & Disadvantages Comparison

Advantages & DisadvantagesSharekhan SecuritiesUpstox
Pros / LikesMost know Stock broker in IndiaNo charges for Equity Delivery
Very good Customer Care SupportTechnically high-edge Trading Platform
Pan india presenceExcellent Customer care Support
Fast & high tech trading platformDirect mutual fund investments.
Excellent equity  researchDiffrent types of orders types available.
Cons / DislikesHigh Brokerage charges No stock tips / advisory.
ETF Research not availableOnline IPO Application not available.
3-in-1 account not availableRs.20 Extra for call n trade.
No Algo Trading
Promotion or offer1st Year Free Demat Annual Maintenance Charges (AMC)Free equity delivery trading and only Rs.20 or 0.01 % whichever is lowest brokerage charges.

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