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Sharekhan Vs Upstox Share Broker Comparison

The side-by-side comparison of Sharekhan and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Upstox.

  Sharekhan Upstox
 
Sharekhan Logo Upstox Logo
About the Broker 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 & f... Know more about Sharekhan 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 ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account Upstox Basic
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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Stock Broker Fees / Charges

  Sharekhan Upstox
Trading Account Opening Fees ₹0 (Free) ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 (Free for 1st year) ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Upstox
Account Type Classic Account Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.10% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.10% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹50 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.10% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹30 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.03% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Upstox
Account Type Prepaid - ₹1 Lakh Upstox Priority
Fixed Charges ₹1,00,000 per year ₹0
Equity Delivery Brokerage 0.10% ₹0
Equity Intraday Brokerage 0.015% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.015% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage 0.05% or ₹63 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Upstox
Account Type Margin - ₹1 Lakh Upstox Basic
Fixed Charges ₹1,00,000 margin ₹0
Equity Delivery Brokerage 0.25% ₹0
Equity Intraday Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage 1% or ₹70 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹0
Other Brokerage Charges
Call & Trade Charges Rs 20 ₹20 per trade
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Taxes

  Sharekhan Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan Upstox
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹275
Equity Futures NSE ₹190 | BSE ₹50 NSE ₹210
Equity Options NSE ₹5000 | BSE ₹50 NSE ₹5500
Currency Futures NSE ₹135 | MCX ₹130 ₹150
Currency Options NSE ₹4220 | MCX ₹3220 ₹6000
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 MCX ₹260/Cr
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Exposure

  Sharekhan Upstox
Equity Delivery Upto 5x with 24% interest per year 2.5x
Equity Intraday Upto 10x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures 2x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Upto 2x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  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 Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:30 PM 3:15 PM
Other Features Pattern finder, Class room training Option strategy builder
Referral Program
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Broker Ratings (Average User Rating)

  Sharekhan Upstox
  277 Customer Reviews    Rate Sharekhan 50 Customer Reviews    Rate Upstox
Fees Ratings 3.1 3.7
Trading Brokerage Rating 2.9 3.6
Trading Platform Usability 3.7 2.8
Customer Service Ratings 3.4 2.4
Overall Ratings Rated 3.4 stars Rated 2.5 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Upstox is Rated 2.5 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Upstox
Contact / Request Call Back
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Investment Options Available

  Sharekhan Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, NRI Trading
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Customer Service Offered

  Sharekhan Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Sharekhan Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Sharekhan Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Sharekhan Upstox
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  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.

More Advantages...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

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 ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

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

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback
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