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Upstox Vs SAMCO: 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 SAMCO Max Rs 20 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to SAMCO. Upstox is rated 4.5 out of 5 where SAMCO is rated only 4 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for SAMCO is 71,113. Upstox is serving more customer compare to SAMCO.

Here we present side-by-side comparison of Upstox vs SAMCO 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 SAMCO'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 SAMCO 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 SAMCO'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 SAMCO on Service

  Upstox Compare
Upstox
SAMCO Compare
SAMCO
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 4 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 3.5 stars
Customer Service Rated 4.5 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 38,64,087 71,113
Broker Overview One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service. Rs. 20/order ultra-low brokerage, free Giga engine powered StockNote App & Web trading platform and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and Rank...Know more about SAMCO
Broker Enquiry Request call back from Upstox Request call back from SAMCO
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Account Opening Charges and AMC

Compare Upstox vs SAMCO on Trading & Demat Account Opening Charges

Comparison of Upstox with SAMCO on trading & demat account opening charges and AMC. Trading account opening charges - SAMCO offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where SAMCO charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Upstox with SAMCO
Charges Upstox SAMCO
Trading Account Opening Fees Promotion offer: Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs SAMCO on Plan Options

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

Account Opening

  Upstox SAMCO
Account Opening Request
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Brokerage Charges

Compare Upstox vs SAMCO on Brokerage Charges

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

SAMCO Brokerage Plan detail - Trade in any segment in just Rs 20 per executable order, No size restriction,No Hidden charges.

Brokerage Charges - Compare Upstox with SAMCO
Brokerage Charges Compare Upstox SAMCO
Plan Name Max Rs 20 Per Order Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 2.5% or Rs 20 whichever is lower 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or Rs 20 whichever is lower 0.02% 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 Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 Per Executable Order Rs 20 per Executed order, with First 20 C&T are free
Auto Square off Charges Rs 20 Per Executable Order Rs 20 per Executed order, with First 20 C&T are free
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for SAMCO
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Share Broker's Transaction Charges

Compare Upstox vs SAMCO on Transaction Charges

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

Transaction Charges - Compare Upstox with SAMCO
Transaction Charges Compare Upstox SAMCO
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 210 Per Cr
Equity Options Rs 5500 Per Cr Rs 5300 Per Cr
Currency Futures Rs 150 Per Cr Rs 135 Per Cr
Currency Options Rs 6000 Per Cr Rs 4400 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for samco
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Account Features

Compare Upstox vs SAMCO on Account Features

Compare Upstox with SAMCO 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 SAMCO 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 - SAMCO offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - SAMCO offers NRI where Upstox doesn't offers NRI Trading.

Account Features - Upstox with SAMCO
Account Features Compare Upstox SAMCO
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 No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Upstox vs SAMCO on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox and SAMCO. 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 SAMCO
Trading Platform Compare Upstox SAMCO
Desktop Trading Platform Upstox Pro SAMCO Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.com/ https://trade.samco.in/Samruddi/Login/indexauth.jsp
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Upstox StockNote
Mobile Trading App Demo Upstox Demo StockNote Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod StockNote Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Upstox Download iOS StockNote Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for SAMCO
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for SAMCO
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for SAMCO
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for samco

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Broker Ratings by Users

Compare Upstox vs SAMCO on User Rating

  Upstox SAMCO
  12 Customer Reviews    Rate Upstox 31 Customer Reviews    Rate SAMCO
Fees Ratings 3.5 3.7
Trading Brokerage Rating 3.8 4.7
Trading Platform Usability 3.7 4.1
Customer Service Ratings 3.5 4.1
Overall Ratings Rated 3.7 stars Rated 4.2 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews SAMCO is Rated 4.2 / 5 based on 31 customer reviews
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Investment Offerings

Compare Upstox vs SAMCO on Investment Offerings

Compare Upstox with SAMCO 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 SAMCO
Investment Offerings Compare Upstox SAMCO
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 No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Upstox vs SAMCO on Order Types

Order Type - Compare Upstox with SAMCO 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 broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Upstox with SAMCO
Order Type Compare Upstox SAMCO
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 No No
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Customer Service Offered

Compare Upstox vs SAMCO on Customer Service

Compare Upstox with SAMCO 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 SAMCO
Customer Service Compare Upstox SAMCO
24/7 Customer Service Upstox vs SAMCO - 24x7 customer support No No
Email Support Upstox vs SAMCO - Email Support Yes Yes
Onine Live Chat Upstox vs SAMCO - Onine Live Chat Yes No
Phone Support Upstox vs SAMCO - Phone Support Yes Yes
Toll Free Number Upstox vs SAMCO - Toll Free Number No Yes
Through Branches Upstox vs SAMCO - Through Branches Yes No
Customer Care Number Upstox vs SAMCO - Customer Care Number +91 22 6130 9999 022-2222-7777/022-4503-0450
Account Opening Process Upstox vs SAMCO - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs SAMCO - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs SAMCO - Knowledge Center/Education https://upstox.com/help-center/ https://www.samco.in/knowledge-center/
Head Office Address Upstox vs SAMCO - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Website Upstox vs SAMCO - Company Website https://upstox.com/ https://www.samco.in/
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Tips/Research/Reports Published

Compare Upstox vs SAMCO on Research Reports, Tips

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

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

Compare Upstox vs SAMCO on Demat Account

Compare Upstox with SAMCO 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 SAMCO is ₹400 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 SAMCO is ₹10.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 SAMCO
  Upstox SAMCO
DP Source CDSL CDSL
DP ID Upstox vs SAMCO - DP ID 81800 54200
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹400 pa
Advance Deposit NIL NIL
Statutory charges Nil Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges ₹10
Demat ₹20 + ₹50 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) CDSL charges + ₹50 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges ₹25 per transaction
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 ₹25 per transaction
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 per transaction
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs SAMCO on Special Offers and Promotion

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

Compare Upstox vs SAMCO on Special Offers and Promotion
  Upstox SAMCO
Pay In and Pay Out Options Upstox vs SAMCO - 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
pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from SAMCO trader or Back Office
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upstox vs SAMCO - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Upstox vs SAMCO - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform (StockNote/SAMCO Star).
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Likes
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered next-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

Detail Review...

Dislikes
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

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 SAMCO Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00

FAQs

Upstox and SAMCO both are online discount brokers but below are the reasons why Upstox is better than SAMCO;

  • Lower Upstox Demat AMC charges of Rs. 150 from 2nd year onwards.
  • Free Equity Delivery Trading at zero brokerage.
  • Upstox 3-in-1 account: Upstox Demat A/c + Upstox Trading A/c + IndusInd Bank A/c
  • Best online trading platforms: Upstox Pro Web, Upstox Pro mobile app, etc.
  • Upstox Trading Tools like dartstock, Algo Lab, Developer, and FoxTrader.
  • Enjoy the benefits of high margin with Upstox Priority Plan.

 

SAMCO and Upstox both the industry’s well known discount brokerage houses. Although Upstox offers advanced trading platforms and online trading across multiple investment products, still, there are few reasons why SAMCO is better than Upstox pointed below:

  • Open Free SAMCO Demat and Trading Account.
  • Zero SAMCO Trading Account AMC charges.
  • Margin trading funding facility or trade with zero cash.
  • Availability of NRI trading facility that is not available with Upstox.
  • Get upto 4x margin in the equity delivery segment with SAMCO Cash Plus.
  • Get margin against shares you have for intraday trading with SAMCO StockPlus.
  • SAMCO Buy Today Pay Tomorrow (BTPT).
  • SAMCO tools: Stock rating tool, Risk advisor, and Caution stock watchlist.

 

Although Upstox and SAMCO both are one of the best discount brokers in the industry that offers online trading at a flat brokerage charge. Despite knowing the fact that unlike Upstox, SAMCO offers a free online Demat and trading account, there are still several important reasons that make Upstox the best broker. Here are the key reasons why to choose Upstox rather than SAMCO:

  • Lifetime free delivery trading
  • Open Upstox or IndusStox 3-in-1 account.
  • Zero Demat AMC for 1st year and later Rs. 150 which is Rs. 400 p.a. on SAMCO Demat account.
  • Upstox allows Global investment at 60+ exchanges in 25+ countries.
  • Ultra-fast trading platforms like Upstox Pro mobile app and Upstox Pro Web.
  • Flexible brokerage plans: Uptsox basic plan and Upstox priority plan.
  • Online investment in direct mutual funds with Upstox.
  • 3rd party trading tools like Foxtrader, Dartstock, Upstox API, etc.