Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
Charge | Upstox | Marwadi Shares |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹249 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year (paid monthly) | ₹450 per year or one time fee of ₹2500 |
Charge | Upstox | Marwadi Shares |
---|---|---|
Plan Name | Basic | N/A |
Equity Delivery | ₹0 (FREE) | 0.30% |
Equity Intraday | ₹20 per trade or 0.05% (whichever is lower) | 0.06% |
Equity Futures | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Equity Options | ₹20 per trade or 0.05% (whichever is lower) | ₹100 per lot |
Currency Futures | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Currency Options | ₹20 per trade or 0.05% (whichever is lower) | ₹100 per lot |
Commodity Options | ₹20 per trade or 0.05% (whichever is lower) | 0.02% |
Mutual Fund | N/A | N/A |
Segment | Upstox | Marwadi Shares |
---|---|---|
Equity Delivery | 1x (no margin) | N/A |
Equity Intraday | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x | N/A |
Equity Future | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x | N/A |
Equity Options | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x | N/A |
Currency Future | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x | N/A |
Currency Options | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x | N/A |
Commodity Future | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | N/A |
Commodity Options | N/A | N/A |