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SBICAP Securities Vs Upstox: Which one is better?

Both the brokers are registered with SEBI. SBICAP Securities offers investmenet in Equity, F&O and Currency only, where Upstox offers investment in Equity, F&O, Currency and Commodities.. The brokerage of SBICAP Securities Max .05 to 0.50% per trade while the brokerage of Upstox ranges between Rs 20. SBICAP Securities is a Full Service Broker where Upstox is a Discount Broker. SBICAP Securities is having overall lower rating compare to Upstox. SBICAP Securities 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 SBICAP Securities is 8,55,994. Upstox is serving more customer compare to SBICAP Securities.

Here we present side-by-side comparison of SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities 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 SBICAP Securities vs Upstox on Service

  SBICAP Securities Compare
SBICAP Securities
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 8,55,994 24,01,555
Broker Overview Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... Know more about SBICAP Securities 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 SBICAP Securities vs Upstox on Trading & Demat Account Opening Charges

Comparison of SBICAP Securities with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - SBICAP Securities charges Rs 850 for account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where SBICAP Securities charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SBICAP Securities with Upstox
Charges SBICAP Securities Upstox
Trading Account Opening Fees Rs 850 Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 500 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SBICAP Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare SBICAP Securities 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 SBICAP Securities with Upstox on Plan Options
Plan Types SBICAP Securities 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 SBICAP Securities vs Upstox on Brokerage Charges

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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

Brokerage Charges - Compare SBICAP Securities with Upstox
Brokerage Charges Compare SBICAP Securities Upstox
Plan Name Standard or default brokerage plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.50% 2.5% or Rs 20 whichever is lower
Equity Intraday 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% 0.05% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.03% 0.05% or Rs 20 whichever is lower
Currency Options Rs 30 Per Lot Flat Fee Rs 20
Commodity Trading Rs. 100 per lot Flat Fee Rs 20
Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. Rs 50 + 18% GST
Auto Square off Charges First Free 30 per month, after Rs 10 per square-off Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for SBICAP Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare SBICAP Securities vs Upstox on Transaction Charges

Compare SBICAP Securities with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare SBICAP Securities with Upstox
Transaction Charges Compare SBICAP Securities 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 sbicap-securities Complete Brokerage Plans for upstox
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Account Features

Compare SBICAP Securities vs Upstox on Account Features

Compare SBICAP Securities 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 SBICAP Securities doesn't offers Algo Trading. Margin Funding - Upstox offers a margin funding where SBICAP Securities doesn't offers margin funding. NRI Trading - SBICAP Securities offers NRI where Upstox doesn't offers NRI Trading.

Account Features - SBICAP Securities with Upstox
Account Features Compare SBICAP Securities Upstox
3 in 1 Account Yes, SBICAP Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, SBICAP Securities 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 No Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features Trading software terminal: ODIN Diet NIL
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Trading Platform

Compare SBICAP Securities vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SBICAP Securities 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 SBICAP Securities with Upstox
Trading Platform Compare SBICAP Securities Upstox
Desktop Trading Platform SBISMART XPRESS - NextTrader Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://login1.sbismart.com/nidp/app/login https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App SBISMART Upstox
Mobile Trading App Demo SBISMART Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod SBISMART Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SBISMART 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 SBICAP Securities Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for SBICAP Securities Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare SBICAP Securities vs Upstox on User Rating

  SBICAP Securities Upstox
  78 Customer Reviews    Rate SBICAP Securities 12 Customer Reviews    Rate Upstox
Fees Ratings 3.3 3.5
Trading Brokerage Rating 3.1 3.8
Trading Platform Usability 2.8 3.7
Customer Service Ratings 2.7 3.5
Overall Ratings 2.7 3.7
Broker Rating SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare SBICAP Securities vs Upstox on Investment Offerings

Compare SBICAP Securities 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 - Upstox offers trading options in Commodity (MCX) where SBICAP Securities doesn't offer. 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 SBICAP Securities with Upstox
Investment Offerings Compare SBICAP Securities Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare SBICAP Securities vs Upstox on Order Types

Order Type - Compare SBICAP Securities 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. 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 SBICAP Securities with Upstox
Order Type Compare SBICAP Securities 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 Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare SBICAP Securities vs Upstox on Customer Service

Compare SBICAP Securities 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 SBICAP Securities with Upstox
Customer Service Compare SBICAP Securities Upstox
24/7 Customer Service SBICAP Securities vs Upstox - 24x7 customer support No No
Email Support SBICAP Securities vs Upstox - Email Support Yes Yes
Onine Live Chat SBICAP Securities vs Upstox - Onine Live Chat No Yes
Phone Support SBICAP Securities vs Upstox - Phone Support Yes Yes
Toll Free Number SBICAP Securities vs Upstox - Toll Free Number Yes No
Through Branches SBICAP Securities vs Upstox - Through Branches Yes Yes
Customer Care Number SBICAP Securities vs Upstox - Customer Care Number 022 6854 5555 +91 22 6130 9999
Account Opening Process SBICAP Securities vs Upstox - Account Opening Process Offline Online/Paperless
Customer Support Email SBICAP Securities vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SBICAP Securities vs Upstox - Knowledge Center/Education https://www.sbismart.com/education https://upstox.com/help-center/
Head Office Address SBICAP Securities vs Upstox - Head Office Address/Corporate Address SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website SBICAP Securities vs Upstox - Company Website https://www.sbismart.com https://upstox.com/
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Tips/Research/Reports Published

Compare SBICAP Securities vs Upstox on Research Reports, Tips

Compare SBICAP Securities with Upstox on research reports and tips provided by the broker.

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

Compare SBICAP Securities vs Upstox on Demat Account

Compare SBICAP Securities 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 SBICAP Securities is ₹500.

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 SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300) 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 SBICAP Securities with Upstox
  SBICAP Securities Upstox
DP Source CDSL CDSL
DP ID SBICAP Securities vs Upstox - DP ID 19300 81800
Demat Account Annual Maintenance Charges(AMC) ₹500 ₹300 PA
Advance Deposit 0 for all NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.01% of the transaction value (Min ₹21 and Max ₹300) ₹13 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 courier charges ₹20 + ₹50 courier charges
Remat ₹35 per certificate + CDSL Charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹10 ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare SBICAP Securities vs Upstox on Special Offers and Promotion

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

Compare SBICAP Securities vs Upstox on Special Offers and Promotion
  SBICAP Securities Upstox
Pay In and Pay Out Options SBICAP Securities vs Upstox - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
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 SBICAP Securities vs Upstox - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges SBICAP Securities vs Upstox - Bank Supported and Charges Direct to SBI Bank. Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Direct to SBI bank account HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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
  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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 2023-09-13T02:35:55+00:00