Upstox Vs Trustline (Compare Upstox and Trustline)


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


Trustline
Incorporated in 1989, Trustline Securities is a Noida based financial service provider. Trustline is a full-service broker for over 25 years. Trustline offers customised investment solutions to corporate, institutions and retail investors, through a wide network of offices across India. Trustline provides brokerage services through the online trading website and 400+ branch offices. Trustline research desk offers research based-on technical and fundamental analysis in equity, currency, and comm... Know more about Trustline Securities Ltd

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Upstox Vs Trustline

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

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

Upstox trading account opening charges is Rs 249 while Trustline account opening changes is Rs 0 (Free). Upstox Demat Account AMC Charges is Rs 300 and Trustline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  Upstox Trustline
Trading Account Opening Charges Rs 249 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 300 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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Upstox Vs Trustline Brokerage Charges & Plans

Upstox Vs Trustline Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Trustline brokerage charges for equity is 0.20% (20 paisa) and intraday is 0.02% (2 paisa).

  Upstox Trustline
Account Type Default Full-service Brokerage Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.20% (20 paisa)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower 0.02% (2 paisa)
Equity Futures Rs 20 per executed order or 0.05% whichever is lower 0.02% (2 paisa)
Equity Options Rs 20 per executed order Rs 75 per lot
Currency Futures Rs 20 per executed order or 0.05% whichever is lower 0.02% (2 paisa)
Currency Options Rs 20 per executed order Rs 7.5 per lot
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower Future: 0.02% (2 paisa) | Options: Rs 50 per lot
Commodity Options Rs 20 per executed order
Special Offer
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.
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Upstox Charges Vs Trustline

Minimum Brokerage 0.05% Rs 0 (No Minimum Brokerage)
Other Charges Auto Square-off Charges: Rs 50 Physical contact notes: Rs 20
Call & Trade Charges Rs 20 per trade Rs 0 (Free)
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Upstox Vs Trustline Transaction Charges

Upstox transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Trustline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Upstox Trustline
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity Group A - Rs 290 per Cr (0.0029%) MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Upstox Vs Trustline Leverage (Margin)

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

  Upstox Trustline
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)
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Compare Upstox and Trustline Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Trustline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Upstox Trustline
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) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:00 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs Trustline Review

Upstox is rated 2.4 of 5 based on 118 customer reviews whereas Trustline is rated 4.5 of 5 based on 2 customer reviews.

  Upstox Trustline
  118 Customer Reviews    Rate Upstox 2 Customer Reviews    Rate Trustline
Fees 3.4 4.0
Brokerage 3.5 3.5
Trading Platform 2.6 4.5
Customer Service 2.3 4.5
Research Capabilities 2.3 5.0
Overall Ratings Rated 2.4 stars Rated 4.5 stars
Broker Rating Upstox is rated 2.4 of 5 based on 118 customer reviews Trustline is rated 4.5 of 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Trustline Enquire
Contact Broker 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. Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Upstox Vs Trustline Investment Options

  Upstox Trustline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds No No
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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Upstox Vs Trustline Order Type Offered

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

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

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

  Upstox Trustline
Pros
  • 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.
  • Research based fundamental and technical analysis available to all the customers.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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.
  • Separate account needed for Mutual Funds investment.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API is now available.
  • No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers

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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

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

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