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LKP Securities Vs Upstox – Share Brokers Comparison
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LKP Securities Vs Upstox
Here is a point by point comparison of LKP Securities Vs Upstox. LKP Securities is a full-service stockbroker based out of Mumbai and has a presence in more than 2300 locations across 200 cities of India. Started as a securities brokerage house in 1948, LKP Securities is a listed public company that posted a net worth of ₹158 Crore for the FY 2016-17.
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.
Discount brokers such as Upstox offer trading services at much cheaper brokerage rates and reasonable customer service. Full-service brokers such as LKP Securities 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. 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 LKP Securities 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
 |  | |
| LKP Securities Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1948 | 2012 |
| Number of branches across India | 17 | 3 |
| Exchanges | NSE, BSE, MCX & MSEI | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹250 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹200 | ₹150 |
| Transaction Charges | LKP Securities Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | ₹0 |
| Intraday Delivery | 0.01% | ₹20 per executed order |
| Equity Futures | 0.01% | ₹20 per executed order |
| Equity Options | ₹10 per lot | ₹20 per executed order |
| Currency Futures | 0.007% | ₹20 per executed order |
| Currency Options | ₹10 per lot | ₹20 per executed order |
| Commodity | 0.01% | ₹20 per executed order |
| Brokerage Calculator | LKP Securities Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 Times for Intraday, For Delivery upto 2 times | Upto 20 times Intraday |
| Equity Futures | Upto 2 times Intraday | Upto 4 times for Intraday |
| Equity Options | Buying No Margin, Shorting upto 2 times for Intraday | Upto 4 times for Intraday |
| Currency Futures | Upto 1.5 times Intraday | Upto 4 times for Intraday |
| Currency Options | Upto 2 times Intraday | Upto 4 times for Intraday |
| Commodities | Upto 2 times 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) | LKP Blue, Trade Smart LKP Mobile App, LKP Boss | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints in 2016 | 0.18% | 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 LKP Securities Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
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LKP Securities Vs Upstox
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