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HDFC Sky Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall lower rating compare to Upstox. HDFC Sky is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for HDFC Sky is 10,62,264. Upstox is serving more customer compare to HDFC Sky.

Here we present side-by-side comparison of HDFC Sky vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of HDFC Sky vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared HDFC Sky vs Upstox's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare HDFC Sky vs Upstox on Service

  HDFC Sky Compare
HDFC Sky
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 10,62,264 24,01,555
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare HDFC Sky vs Upstox on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Upstox
Charges HDFC Sky Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Upstox on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare HDFC Sky with Upstox on Plan Options
Plan Types HDFC Sky Upstox
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Upstox on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare HDFC Sky with Upstox
Brokerage Charges Compare HDFC Sky Upstox
Plan Name Fixed pricing model Max Rs 20 Per Order Trading Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call Rs 50 + 18% GST
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare HDFC Sky vs Upstox on Transaction Charges

Compare HDFC Sky with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky with Upstox
Transaction Charges Compare HDFC Sky Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for upstox
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Account Features

Compare HDFC Sky vs Upstox on Account Features

Compare HDFC Sky with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Upstox offers Algo Trading where HDFC Sky doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - HDFC Sky offers NRI where Upstox doesn't offers NRI Trading.

Account Features - HDFC Sky with Upstox
Account Features Compare HDFC Sky Upstox
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare HDFC Sky with Upstox
Trading Platform Compare HDFC Sky Upstox
Desktop Trading Platform HDFC Sky Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Upstox
Mobile Trading App Demo HDFC Sky App Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Upstox Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare HDFC Sky vs Upstox on User Rating

  HDFC Sky Upstox
  97 Customer Reviews    Rate HDFC Sky 12 Customer Reviews    Rate Upstox
Fees Ratings 2.4 3.5
Trading Brokerage Rating 2.1 3.8
Trading Platform Usability 2.9 3.7
Customer Service Ratings 2.8 3.5
Overall Ratings 2.4 3.7
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare HDFC Sky vs Upstox on Investment Offerings

Compare HDFC Sky with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with Upstox
Investment Offerings Compare HDFC Sky Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Upstox on Order Types

Order Type - Compare HDFC Sky with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Upstox offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare HDFC Sky with Upstox
Order Type Compare HDFC Sky Upstox
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs Upstox on Customer Service

Compare HDFC Sky with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare HDFC Sky with Upstox
Customer Service Compare HDFC Sky Upstox
24/7 Customer Service HDFC Sky vs Upstox - 24x7 customer support No No
Email Support HDFC Sky vs Upstox - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Upstox - Onine Live Chat No Yes
Phone Support HDFC Sky vs Upstox - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Upstox - Toll Free Number No No
Through Branches HDFC Sky vs Upstox - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Upstox - Customer Care Number 1800 121 2109 +91 22 6130 9999
Account Opening Process HDFC Sky vs Upstox - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Upstox - Knowledge Center/Education https://hdfcsky.com/learn https://upstox.com/help-center/
Head Office Address HDFC Sky vs Upstox - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website HDFC Sky vs Upstox - Company Website https://hdfcsky.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Upstox on Research Reports, Tips

Compare HDFC Sky with Upstox on research reports and tips provided by the broker.

Research Reports - Compare HDFC Sky with Upstox
  HDFC Sky Upstox
Research Mutual Funds HDFC Sky vs Upstox - Research Mutual Funds Yes No
Research Equity Reports HDFC Sky vs Upstox - Research Equity Reports Yes No
Research ETF HDFC Sky vs Upstox - Research ETF Yes No
Daily Market Report HDFC Sky vs Upstox - Daily Market Report Yes No
Free Tips HDFC Sky vs Upstox - Free Tips Yes No
Quarterly Result Analysis HDFC Sky vs Upstox - Quarterly Results Yes No
News Alerts HDFC Sky vs Upstox - Yes No
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Demat Account

Compare HDFC Sky vs Upstox on Demat Account

Compare HDFC Sky with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Upstox is ₹300 PA where for HDFC Sky is ₹750 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky with Upstox
  HDFC Sky Upstox
DP Source CDSL CDSL
DP ID HDFC Sky vs Upstox - DP ID CDSL: 1209 81800
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 PA
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹13 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹20 + ₹50 courier charges
Remat ₹30 ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.04% of transaction value (Min ₹40) 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Upstox on Special Offers and Promotion

Compare HDFC Sky with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs Upstox on Special Offers and Promotion
  HDFC Sky Upstox
Pay In and Pay Out Options HDFC Sky vs Upstox - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time HDFC Sky vs Upstox - Payout Time Instant to HDFC Bank. Max 24 hrs except bank holidays
Bank Supported and Charges HDFC Sky vs Upstox - Bank Supported and Charges Info Not Available Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Direct from your HDFC bank account. HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00