Looking for Low Brokerage, High Margin & Free Tips?
Marwadi Shares Vs Upstox – Share Brokers Comparison
| | Broker Comparison, Trading | No Comments
Here is a point by point comparison of Marwadi Shares 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. Marwadi Shares is a Gujarat based full-service stockbroker and has around 1450 branches across different parts of the country. The broker offers low brokerage charges but has low focus on developing its in-house trading platforms. Thus, clients must make sure to understand their requirements before opening the account.
Full-service brokers such as Marwadi Shares 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 Marwadi Shares 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
 |  | |
| Marwadi Group Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service | Discount Broker |
| Incorporated In the Year | 1992 | 2012 |
| Number of branches across India | 1450 | 3 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹450 per year or ₹2500 for lifetime | ₹150 |
| Transaction Charges | Marwadi Shares Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | ₹0 |
| Intraday Delivery | 0.06% | ₹20 per executed order |
| Equity Futures | 0.02% | ₹20 per executed order |
| Equity Options | ₹100 per lot | ₹20 per executed order |
| Currency Futures | 0.02% | ₹20 per executed order |
| Currency Options | ₹100 per lot | ₹20 per executed order |
| Commodity | 0.02% | ₹20 per executed order |
| Brokerage Calculator | Marwadi Group Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, 2 times for Delivery | Upto 20 times Intraday |
| Equity Futures | 2 times for Intraday | Upto 4 times for Intraday |
| Equity Options | 4 times for Intraday | Upto 4 times for Intraday |
| Currency Futures | 2 times for Intraday | Upto 4 times for Intraday |
| Currency Options | 4 times for Intraday | Upto 4 times for Intraday |
| Commodities | 2 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, NSE Now, Marwadi Trade Mobile App | NEST, Upstox, Upstox Pro |
| Complaints percentage | 0.01% | 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 Marwadi Shares Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
Check out more comparisons here.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Marwadi Shares Vs Upstox
Overall Rating
