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Upstox Vs Tradeplus (Compare Upstox and Tradeplus)

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

Tradeplus (Navia Markets Ltd) Logo

About Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)

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Upstox Vs Tradeplus

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Upstox Tradeplus
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2012 1995
Number of Branches 4
Open Upstox AccountEnquire Tradeplus

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Upstox Vs Tradeplus Charges & AMC

Upstox trading account opening charges is Rs 249 while Tradeplus account opening changes is Rs 0. Upstox Demat Account AMC Charges is Rs 0 (Free) and Tradeplus Demat Account AMC Charges is Rs 0.

  Upstox Tradeplus
Trading Account Opening Charges Rs 249 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 0 (Free) Rs 0

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Upstox Vs Tradeplus Brokerage

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 whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

Account Type Upstox Default Tradeplus Flat Zero brokerage Scheme
Fixed Charges NA As per segment
Equity Delivery Rs 20 per executed order or 2.5% whichever is low Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower NA
Equity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 799 per month (unlimited trading)
Equity Options Rs 20 per executed order Rs 99 per month (unlimited trading)
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 99 per month (unlimited trading)
Currency Options Rs 20 per executed order Rs 99 per month (unlimited trading)
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 99 per month (unlimited trading)
Commodity Options Rs 20 per executed order Rs 99 per month (unlimited trading)
Special Offer
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today.
Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Upstox Vs Tradeplus Brokerage Plan 2

  Upstox Tradeplus
Account Type Default Flexi Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 2.5% whichever is low Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Lower of - Rs 9 per trade or 0.01%
Equity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 9 per executed order
Equity Options Rs 20 per executed order Rs 9 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower Rs 9 per executed order
Currency Options Rs 20 per executed order Rs 9 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower Rs 9 per executed order
Commodity Options Rs 20 per executed order Rs 9 per executed order
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Upstox Charges Vs Tradeplus

Minimum Brokerage 0.05%
Other Charges Auto Square-off Charges: Rs 50 SMS Charges: Rs 100 per segment.
Call & Trade Charges Rs 20 per trade Flat Rs 75 per day

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Upstox Vs Tradeplus Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

  Upstox Tradeplus
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 345 per crore (0.00345%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) Rs 345 per crore (0.00345%) (sale side)
Equity Futures NSE Rs 200 per Cr (0.002%) Rs 360 per crore (0.0036%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) Rs 7800 per crore (0.078%)(on premium)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) Rs 140 per crore (0.0014%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) Rs 6000 (on premium) per crore (0.06%)
Commodity Group A - Rs 290 per Cr (0.0029%) Rs 500 (0.005%)
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Upstox Vs Tradeplus Leverage (Margin)

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

  Upstox Tradeplus
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)
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Compare Upstox and Tradeplus Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Tradeplus offers INFINI, NSE NOW trading software.

  Upstox Tradeplus
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola INFINI, NSE NOW
Intraday Square-off Time 3:00 PM
Other Features Option strategy builder
Referral Program Yes
Open Upstox AccountEnquire Tradeplus

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Upstox Vs Tradeplus Review

Upstox is rated 2.4 of 5 based on 122 customer reviews whereas Tradeplus is rated 2.9 of 5 based on 36 customer reviews.

  Upstox Tradeplus
  122 Customer Reviews    Rate Upstox 36 Customer Reviews    Rate Tradeplus
Fees 3.4 3.5
Brokerage 3.5 4.1
Trading Platform 2.6 2.8
Customer Service 2.3 2.6
Research Capabilities 2.3 1.9
Overall Ratings Rated 2.4 stars Rated 2.9 stars
Broker Rating Upstox is rated 2.4 of 5 based on 122 customer reviews Tradeplus is rated 2.9 of 5 based on 36 customer reviews

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Contact Broker / Request A Call Back

  Upstox Enquire Tradeplus Enquire
Contact Broker Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today. Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

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Upstox Vs Tradeplus Investment Options

  Upstox Tradeplus
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options

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Upstox Vs Tradeplus Order Type Offered

  Upstox Tradeplus
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
Open Upstox AccountEnquire Tradeplus

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Upstox Vs Tradeplus Research Report

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

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Upstox Vs Tradeplus Suitable For Investor Type

  Upstox Tradeplus
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Upstox Vs Tradeplus - Pros and Cons

  Upstox Tradeplus
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 Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  1. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. Analysis tools available for intraday trading.
Cons
  • 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.
  • Doesn't offer digital gold.
  1. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. Lower margin.
Reviews
Promo / Offers

Flat Rs 20 per Trade Brokerage

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

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

Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

Open Upstox AccountEnquire Tradeplus

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