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Sharekhan Vs Upstox Vs AxisDirect: Which one is better?

The brokerage of Sharekhan ranges between 0.1 to 0.5%, the brokerage of Upstox ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Sharekhan and AxisDirect are full service brokers where Upstox is a discount broker. Overall rating for Sharekhan is 4, Upstox is rated 4.5, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of Sharekhan vs Upstox vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Sharekhan vs Upstox vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Sharekhan vs Upstox vs AxisDirect in this setion with 360 degree view of broker information.

Compare Sharekhan vs Upstox vs AxisDirect on Service

  Sharekhan Compare
Sharekhan
Upstox Compare
Upstox
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Full Service Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan 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. Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect
Broker Enquiry Request call back from Sharekhan Request call back from Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Upstox vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared Sharekhan vs Upstox vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan charges Free for account opening, Upstox charges Promotion offer: Free for account opeing, and AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) as AMC for Demat account, Upstox charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan vs Upstox vs AxisDirect
Charges Sharekhan Upstox AxisDirect
Trading Account Opening Fees Free Promotion offer: Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Upstox vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Sharekhan vs Upstox vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Sharekhan and AxisDirect offers Multiple Plans where Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Sharekhan vs Upstox vs AxisDirect on Plan Options
Plan Types Sharekhan Upstox AxisDirect
Multiple Plans Yes No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Sharekhan Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Upstox vs AxisDirecton Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Sharekhan vs Upstox vs AxisDirect
Brokerage Charges Compare Sharekhan Upstox AxisDirect
Plan Name Sharkehan Brokerage Plan Max Rs 20 Per Order Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.30% 2.5% or Rs 20 whichever is lower 0.50% (Each leg)
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures 0.02% 0.05% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Options Rs 20 per lot Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.02% 0.05% or Rs 20 whichever is lower 0.05% (Each Leg)
Currency Options Rs 5 per lot Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Rs 20 per lot Flat Fee Rs 20 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage Rs 20
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available Yes - 18% interest PA
Call & Trade Charges Free Rs 50 + 18% GST Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Free Rs 50 + 18% GST 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Upstox Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Sharekhan vs Upstox vs AxisDirect on Transaction Charges

Compare Sharekhan vs Upstox vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan vs Upstox vs AxisDirect
Transaction Charges Compare Sharekhan Upstox AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for upstox Complete Brokerage Plans for axisdirect
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Account Features

Compare Sharekhan vs Upstox vs AxisDirect on Account Features

Compare Sharekhan vs Upstox vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox and AxisDirect offers 3-in-1 Account where Sharekhan offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Sharekhan and AxisDirect offers NRI Trading where Upstox doesn't offers NRI Trading.

Account Features - Sharekhan vs Upstox vs AxisDirect
Account Features Compare Sharekhan Upstox AxisDirect
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. Yes, Sharekhan have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes Yes Yes
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15PM 2:45 PM
NRI Trading Yes No Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Sharekhan vs Upstox vs AxisDirecton Trading Platform

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

Trading Platform - Compare Sharekhan vs Upstox vs AxisDirect
Trading Platform Compare Sharekhan Upstox AxisDirect
Desktop Trading Platform TradeTiger Upstox Pro Ring
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.sharekhan.com/

https://pro.upstox.com/

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Sharekhan Upstox AxisDirect Ring Mobile App
Mobile Trading App Demo Sharekhan Demo Upstox Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Sharekhan Download Andriod Upstox Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Sharekhan Download iOS Upstox Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Upstox Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for upstox Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Sharekhan vs Upstox vs AxisDirect on User Rating

  Sharekhan Upstox AxisDirect
  184 Customer Reviews    Rate Sharekhan 12 Customer Reviews    Rate Upstox 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Sharekhan vs Upstox vs AxisDirect on Investment Offerings

Compare Sharekhan vs Upstox vs AxisDirect 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Sharekhan offers PMS facility where Upstox and AxisDirect doesn't offers PMS facility.

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

Compare Sharekhan vs Upstox vs AxisDirect on Order Types

Order Type - Compare Sharekhan vs Upstox vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - Sharekhan and Upstox provides Bracket Orders (BO) facility where AxisDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

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

Compare Sharekhan vs Upstox vs AxisDirect on Customer Service

Compare Sharekhan vs Upstox vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Sharekhan vs Upstox vs AxisDirect
Customer Service Compare Sharekhan Upstox AxisDirect
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No Yes
Through Branches Yes Yes Yes
Customer Care Number 1800227500 +91 22 6130 9999 022-61480808
Account Opening Process Offline Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.sharekhan.com/help/hello https://upstox.com/help-center/ https://simplehai.axisdirect.in/learn/overview
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://www.sharekhan.com https://upstox.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Sharekhan vs Upstox vs AxisDirect on Research Reports, Tips

Compare Sharekhan vs Upstox vs AxisDirect on research reports and tips provided by broker.

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

Compare Sharekhan vs Upstox vs AxisDirect on Demat Account

Compare Sharekhan vs Upstox vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Sharekhan vs Upstox vs AxisDirect
  Sharekhan Upstox AxisDirect
DP Source CDSL CDSL CDSL
DP ID 36000 81800 49200
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 PA ₹500 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL Nil
Statutory charges Actual Stamp Paper Charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹13 + ₹5.50 CDSL charges ₹10
Demat ₹5 per certificate (Min 50 per request) ₹20 + ₹50 courier charges ₹3 per certificate
Remat ₹50 per certificate or ₹50 for every hundred securities ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.03% (Min ₹100) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Closure Nil 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25
Pledge Invocation Nil 0.05% of the transaction value (Min ₹50) Nil
Failed Instruction Charges Nil ₹50 Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Upstox vs AxisDirect on Special Offers and Promotion

Compare Sharekhan vs Upstox vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Upstox vs AxisDirect on Special Offers and Promotion
  Sharekhan Upstox AxisDirect
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
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
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays Instant to Axis Bank.
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. NA
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Direct from your Axis bank account.
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

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...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • 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...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

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 Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for Sharekhan Enquire for Upstox Enquire for AxisDirect

Last Updated on 2024-03-04T07:37:57+00:00