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Bajaj Financial Vs Upstox (Compare Bajaj Financial and Upstox)

Bajaj Financial Securities Ltd Logo

About Bajaj Financial
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

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

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Bajaj Financial Vs Upstox

Incorporated in 2010, Bajaj Financial 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 Financial 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 Financial AccountOpen Upstox Account

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Bajaj Financial Vs Upstox Charges & AMC

Bajaj Financial trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Bajaj Financial Demat Account AMC Charges is Rs 199 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 150.

  Bajaj Financial Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
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 150

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Bajaj Financial Vs Upstox Brokerage

Bajaj Financial brokerage charges for equity is Rs 20 per order and intraday is Rs 20 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 Financial Freedom Plan Upstox Default
Fixed Charges Rs 431 per year NA
Equity Delivery Rs 20 per order Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 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) + Rs 0 Demat AMC Open Demat Account Now!.
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Bajaj Financial Vs Upstox Brokerage Plan 2

  Bajaj Financial 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 Financial AccountOpen Upstox Account

Bajaj Financial Vs Upstox Brokerage Plan 3

  Bajaj Financial 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 Financial AccountOpen Upstox Account

Bajaj Financial Charges Vs Upstox

Minimum Brokerage Rs 5 per executed order 0.05%
Other Charges RMS Auto-Square off: Rs 20 per order Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per trade Rs 20 per trade

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Bajaj Financial Vs Upstox Transaction Charges

Bajaj Financial transaction charges for options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 5000 per Cr (0.05%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Bajaj Financial Upstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 5000 per Cr (0.05%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5300 per Cr (0.053%) | BSE Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 290 per Cr (0.0029%)
Open Bajaj Financial AccountOpen Upstox Account

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Bajaj Financial Vs Upstox Leverage (Margin)

Bajaj Financial 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 Financial 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 Financial AccountOpen Upstox Account

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Compare Bajaj Financial and Upstox Features

The trading platforms offered Bajaj Financial 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 Financial Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
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 Yes
Referral Program Yes
Other Features Option strategy builder
Open Bajaj Financial AccountOpen Upstox Account

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Bajaj Financial Vs Upstox Review

Bajaj Financial is rated 3.1 of 5 based on 15 customer reviews whereas Upstox is rated 2.4 of 5 based on 142 customer reviews.

  Bajaj Financial Upstox
  15 Customer Reviews    Rate Bajaj Financial 142 Customer Reviews    Rate Upstox
Fees 2.7 3.4
Brokerage 3.2 3.4
Trading Platform 2.9 2.6
Customer Service 2.6 2.3
Research Capabilities 2.0 2.2
Overall Ratings Rated 3.1 stars Rated 2.4 stars
Broker Rating Bajaj Financial is rated 3.1 of 5 based on 15 customer reviews Upstox is rated 2.4 of 5 based on 142 customer reviews

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Contact Broker / Request A Call Back

  Bajaj Financial Enquire Upstox Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) + Rs 0 Demat AMC Open Demat Account Now!. 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 Financial Vs Upstox Investment Options

  Bajaj Financial 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 Financial Vs Upstox Order Type Offered

  Bajaj Financial 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 Financial AccountOpen Upstox Account

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Bajaj Financial Vs Upstox Research Report

  Bajaj Financial Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Bajaj Financial Vs Upstox Suitable For Investor Type

  Bajaj Financial Upstox
Casual Investor Yes
Active Investor Yes
Trader Yes Yes

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Bajaj Financial Vs Upstox - Pros and Cons

  Bajaj Financial Upstox
Pros
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • 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
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer margin funding for delivery trades.
  • Doesn't offer stock tips or recommendations.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer 24/7 customer support.
  • Doesn't offer API access for automated trading.
  • Doesn't offer NRI Trading and Demat account.
  • Doesn't offer BTST
  • Doesn't offer digital gold.
  • Call-and-trade fee is Rs 20 per executed order extra.
  • Automatic settlement charges an additional Rs 50 per executed order.
  • Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers

Bajaj Financial Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 20 Per Trade Brokerage (with Rs 431 yearly fee)
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly fee)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 yearly fee)
  • Rs 0 Demat AMC

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

Upstox Special Offer

Exclusive offer by Upstox

  • 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 Financial AccountOpen Upstox Account

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