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Upstox Vs Marwadi Group: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.30%. Upstox is a Discount Broker where Marwadi Group is a Full Service Broker. Upstox is having overall higher rating compare to Marwadi Group. Upstox is rated 4.5 out of 5 where Marwadi Group is rated only 3.5 out of 5. Number of active customer for Upstox is 22,37,974 where number of active customer for Marwadi Group is 1,15,161. Upstox is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Upstox vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Marwadi Group'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 Upstox vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Upstox vs Marwadi Group'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 Upstox vs Marwadi Group on Service

  Upstox Compare
Upstox
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 22,37,974 1,15,161
Broker Overview 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. Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare Upstox vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Upstox with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Marwadi Group offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with Marwadi Group
Charges Upstox Marwadi Group
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare Upstox with Marwadi Group. 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 Upstox with Marwadi Group on Plan Options
Plan Types Upstox Marwadi Group
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare Upstox vs Marwadi Group on Brokerage Charges

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

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Upstox with Marwadi Group
Brokerage Charges Compare Upstox Marwadi Group
Plan Name Max Rs 20 Per Order Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower 0.30%
Equity Intraday 0.05% or Rs 20 whichever is lower 0.06%
Equity Futures 0.05% or Rs 20 whichever is lower 0.02%
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures 0.05% or Rs 20 whichever is lower 0.02%
Currency Options Flat Fee Rs 20 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 20 Rs 100 Per Lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 + 18% GST NA
Auto Square off Charges Rs 50 + 18% GST NA
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Upstox vs Marwadi Group on Transaction Charges

Compare Upstox with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare Upstox with Marwadi Group
Transaction Charges Compare Upstox Marwadi Group
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for marwadi-group
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Account Features

Compare Upstox vs Marwadi Group on Account Features

Compare Upstox with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Marwadi Group offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Upstox with Marwadi Group
Account Features Compare Upstox Marwadi Group
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes 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 No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Upstox vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Marwadi Group. 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 Upstox with Marwadi Group
Trading Platform Compare Upstox Marwadi Group
Desktop Trading Platform Upstox Pro Marwadi ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox MSFL Connect
Mobile Trading App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare Upstox vs Marwadi Group on User Rating

  Upstox Marwadi Group
  12 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 3.5 2.7
Trading Brokerage Rating 3.8 2.3
Trading Platform Usability 3.7 2.0
Customer Service Ratings 3.5 2.3
Overall Ratings 3.7 2.7
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Upstox vs Marwadi Group on Investment Offerings

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

Compare Upstox vs Marwadi Group on Order Types

Order Type - Compare Upstox with Marwadi Group 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) - Upstox provide Cover Orders (CO) where Marwadi Group doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provide Bracket Orders (BO) where Marwadi Group doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Upstox offers Good Till Cancelled (GTC) orders where Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

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

Compare Upstox vs Marwadi Group on Customer Service

Compare Upstox with Marwadi Group 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 Upstox with Marwadi Group
Customer Service Compare Upstox Marwadi Group
24/7 Customer Service Upstox vs Marwadi Group - 24x7 customer support No No
Email Support Upstox vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Upstox vs Marwadi Group - Onine Live Chat Yes No
Phone Support Upstox vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Upstox vs Marwadi Group - Toll Free Number No No
Through Branches Upstox vs Marwadi Group - Through Branches Yes Yes
Customer Care Number Upstox vs Marwadi Group - Customer Care Number +91 22 6130 9999 +91-281-6192000/+91-281-7174000
Account Opening Process Upstox vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Upstox vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Upstox vs Marwadi Group - Knowledge Center/Education https://upstox.com/help-center/ https://www.marwadionline.com/blog/
Head Office Address Upstox vs Marwadi Group - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Info Not Available
Website Upstox vs Marwadi Group - Company Website https://upstox.com/ https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare Upstox vs Marwadi Group on Research Reports, Tips

Compare Upstox with Marwadi Group on research reports and tips provided by the broker.

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

Compare Upstox vs Marwadi Group on Demat Account

Compare Upstox with Marwadi Group 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 Marwadi Group is ₹250 pa where for Upstox is ₹300 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 Upstox is ₹13 + ₹5.50 CDSL charges where for Marwadi Group is ₹25.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 Upstox with Marwadi Group
  Upstox Marwadi Group
DP Source CDSL CDSL
DP ID Upstox vs Marwadi Group - DP ID 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹250 pa
Advance Deposit NIL NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹25
Demat ₹20 + ₹50 courier charges ₹3 per certificate
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹25 per certificate
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹50
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) ₹25
Failed Instruction Charges ₹50 ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Upstox vs Marwadi Group on Special Offers and Promotion

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

Compare Upstox vs Marwadi Group on Special Offers and Promotion
  Upstox Marwadi Group
Pay In and Pay Out Options Upstox vs Marwadi Group - Pay In and Pay Out Options 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
Info Not Available
Payout Time Upstox vs Marwadi Group - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Upstox vs Marwadi Group - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Info Not Available
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Info Not Available
Likes

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...

  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

Dislikes

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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

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 Upstox Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-12-15T00:33:11+00:00