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Bajaj Finserv Vs Upstox (Compare Bajaj Finserv and Upstox)

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities Ltd

Bajaj Finserv Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Upstox Logo

About Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

Upstox Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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Bajaj Finserv Vs Upstox

Incorporated in 2010, Bajaj Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Bajaj Finserv Upstox
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2010 2012
Number of Branches 6 4
Open Bajaj Finserv AccountOpen Upstox Account
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Bajaj Finserv Vs Upstox Charges & AMC

Bajaj Finserv trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 249. Bajaj Finserv Demat Account AMC Charges is Rs 199 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 0 (Free).

  Bajaj Finserv Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 249
Trading Account AMC Charges Rs 899 per year Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 199 (Free for 1st year) Rs 0 (Free)
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Bajaj Finserv Vs Upstox Brokerage

Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Bajaj Finserv Freedom Plan Upstox Default
Fixed Charges Rs 0 NA
Equity Delivery 0.10% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 17 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 17 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 17 per order Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
Special Offer
Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Bajaj Finserv Vs Upstox Brokerage Plan 2

  Bajaj Finserv Upstox
Account Type Professional Pack Default
Fixed Charges Rs 2500 per year NA
Equity Delivery Rs 10 per order Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 10 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 10 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 10 per order Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
Open Bajaj Finserv AccountOpen Upstox Account

Bajaj Finserv Vs Upstox Brokerage Plan 3

  Bajaj Finserv Upstox
Account Type Bajaj Privilege Club Default
Fixed Charges Rs 9999 per year NA
Equity Delivery Rs 5 per order Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 5 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 5 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 5 per order Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
Open Bajaj Finserv AccountOpen Upstox Account

Bajaj Finserv Charges Vs Upstox

Minimum Brokerage Rs 5 for Equity Delivery & Intraday 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 20 per trade
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Bajaj Finserv Vs Upstox Transaction Charges

Bajaj Finserv transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Bajaj Finserv Upstox
Equity Delivery NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 225 per Cr (0.00225%) NSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5325 per Cr (0.05325%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
Open Bajaj Finserv AccountOpen Upstox Account
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Bajaj Finserv Vs Upstox Leverage (Margin)

Bajaj Finserv margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bajaj Finserv Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Bajaj Finserv AccountOpen Upstox Account
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Compare Bajaj Finserv and Upstox Features

The trading platforms offered Bajaj Finserv include BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website). Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Bajaj Finserv Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM 3:00 PM
Trading In SME Shares Allowed? No
Referral Program Yes
Other Features Option strategy builder
Open Bajaj Finserv AccountOpen Upstox Account
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Bajaj Finserv Vs Upstox Review

Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews whereas Upstox is rated 2.4 of 5 based on 131 customer reviews.

  Bajaj Finserv Upstox
  13 Customer Reviews    Rate Bajaj Finserv 131 Customer Reviews    Rate Upstox
Fees 2.7 3.4
Brokerage 3.4 3.4
Trading Platform 3.0 2.6
Customer Service 2.8 2.3
Research Capabilities 2.2
Overall Ratings Rated 3.2 stars Rated 2.4 stars
Broker Rating Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews Upstox is rated 2.4 of 5 based on 131 customer reviews
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Contact Broker / Request A Call Back

  Bajaj Finserv Enquire Upstox Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!. FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.
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Bajaj Finserv Vs Upstox Investment Options

  Bajaj Finserv Upstox
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Bajaj Finserv Vs Upstox Order Type Offered

  Bajaj Finserv Upstox
Bracket Order Yes No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No Yes
Open Bajaj Finserv AccountOpen Upstox Account
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Bajaj Finserv Vs Upstox Research Report

  Bajaj Finserv Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Bajaj Finserv Vs Upstox Suitable For Investor Type

  Bajaj Finserv Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes Yes
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Bajaj Finserv Vs Upstox - Pros and Cons

  Bajaj Finserv Upstox
Pros
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
Cons
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
Reviews
Promo / Offers

Bajaj Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

Upstox Special Offer

Exclusive offer by Upstox

  • FREE Account Opening.
  • Get Rs 1000 brokerage credit.
  • Rs 0 Demat AMC.
  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.
Open Bajaj Finserv AccountOpen Upstox Account

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