Sharekhan Vs Upstox (Compare Sharekhan and Upstox)


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan


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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Sharekhan Vs Upstox

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Sharekhan Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2000 2012
Number of Branches 2800 4
Open an Online Trading Account with Sharekhan.Open an Online Trading Account with Upstox.
Enquire SharekhanOpen Upstox Account
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Sharekhan Vs Upstox Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 249. Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 300.

  Sharekhan Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 249
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 300
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Sharekhan Vs Upstox Brokerage Charges & Plans

Sharekhan Vs Upstox Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Sharekhan Upstox
Account Type Classic Account Default
Fixed Charges NA
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 50 per lot Rs 20 per executed order
Currency Futures 0.10% Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures 0.03% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options 0.03% Rs 20 per executed order
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.

Sharekhan Vs Upstox Brokerage Plan 2

  Sharekhan Upstox
Account Type Prepaid - ₹1 Lakh Default
Fixed Charges Rs 1,00,000 per year NA
Equity Delivery 0.10% Rs 0 (Free)
Equity Intraday 0.015% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.015% Rs 20 per executed order or 0.05% whichever is lower
Equity Options 0.05% or Rs 63 per lot 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
Enquire SharekhanOpen Upstox Account

Sharekhan Vs Upstox Brokerage Plan 3

  Sharekhan Upstox
Account Type Margin - ₹1 Lakh Default
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 0 (Free)
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options 1% or Rs 70 per lot 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
Enquire SharekhanOpen Upstox Account

Sharekhan Charges Vs Upstox

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 Rs 20 per trade
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Sharekhan Vs Upstox Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Sharekhan Upstox
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side) NSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%) NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium) NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%) Group A - Rs 290 per Cr (0.0029%)
Enquire SharekhanOpen Upstox Account
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Sharekhan Vs Upstox Leverage (Margin)

Sharekhan margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Upstox margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Sharekhan Upstox
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Enquire SharekhanOpen Upstox Account
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Compare Sharekhan and Upstox Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Sharekhan Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform TradeTiger, Sharekhan Mobile Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:30 PM 3:00 PM
Other Features Pattern finder, Class room training Option strategy builder
Referral Program Yes
Enquire SharekhanOpen Upstox Account
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Sharekhan Vs Upstox Review

Sharekhan is rated 3.3 of 5 based on 301 customer reviews whereas Upstox is rated 2.4 of 5 based on 116 customer reviews.

  Sharekhan Upstox
  301 Customer Reviews    Rate Sharekhan 116 Customer Reviews    Rate Upstox
Fees 3.0 3.4
Brokerage 2.8 3.5
Trading Platform 3.7 2.6
Customer Service 3.3 2.3
Research Capabilities 3.0 2.3
Overall Ratings Rated 3.3 stars Rated 2.4 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 301 customer reviews Upstox is rated 2.4 of 5 based on 116 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire Upstox Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online and start trading today.
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Sharekhan Vs Upstox Investment Options

  Sharekhan Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, NRI Trading
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Sharekhan Vs Upstox Order Type Offered

  Sharekhan Upstox
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Enquire SharekhanOpen Upstox Account
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Sharekhan Vs Upstox Research Report

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

  Sharekhan Upstox
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes
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Sharekhan Vs Upstox - Pros and Cons

  Sharekhan Upstox
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund and digital gold 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 Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
Cons
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.
  • No margin funding.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • 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.
Reviews
Promo / Offers

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

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

Free Equity Delivery Trading & Mutual Funds

  • Pay Rs 0 Brokerage for Equity Delivery, Mutual Funds, and Digital Gold.
  • Pay flat Rs 20 for Intra-day and F&O Trades.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Enquire SharekhanOpen Upstox Account

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