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Choice Broking Vs Upstox – Share Brokers Comparison
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Choice Broking Vs Upstox
Here is a point by point comparison of Choice Broking Vs Upstox. Upstox (also known as RKSV) is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix. Choice Broking is a Mumbai based full-service stockbroker with a wide range of trading and investment products. Launched in the year 2010, the broker is known for multiple account opening and maintenance level plans providing a reasonable flexibility to its clients.
Full-service brokers such as Choice Broking will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Discount brokers such as Upstox offers trading services at much cheaper brokerage rates and reasonable customer service. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Choice Broking Vs Upstox to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Choice Broking Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 2010 | 2012 |
| Number of branches across India | 75 | 3 |
| Exchanges | NSE, BSE, MCX, MCX-SX | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹200 + ₹500 for PoA | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹150 |
| Transaction Charges | Choice Broking Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.2% | ₹0 |
| Intraday Delivery | 0.02% | ₹20 per executed order |
| Equity Futures | 0.02% | ₹20 per executed order |
| Equity Options | ₹50 per lot | ₹20 per executed order |
| Currency Futures | ₹10 per lot | ₹20 per executed order |
| Currency Options | ₹10 per lot | ₹20 per executed order |
| Commodity | 0.02% | ₹20 per executed order |
| Brokerage Calculator | Choice Broking Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, 2 times for Delivery | Upto 20 times Intraday |
| Equity Futures | 3 times for Intraday | Upto 4 times for Intraday |
| Equity Options | 2 times for Intraday | Upto 4 times for Intraday |
| Currency Futures | 2 times for Intraday | Upto 4 times for Intraday |
| Currency Options | 2 times for Intraday | Upto 4 times for Intraday |
| Commodities | 3 times for Intraday | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ODIN Diet, Choice Index Mobile App, Choice Investica | NEST, Upstox, Upstox Pro |
| Complaints percentage | 0.23% | 0.12% |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Choice Broking Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
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Choice Broking Vs Upstox
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