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TradePlus Online Vs Upstox
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TradePlus Online Vs Upstox
Here is a point by point comparison of TradePlus Online Vs Upstox. TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Upstox 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. Everything about discount brokers such as Upstox and TradePlus Online is Online, be it – customer service, trading, account opening 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 TradePlus Online and Upstox to help you find which of the two suits your needs better. The comparison is made on various 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 and which one to go for.
Comparison
 |  | |
| Upstox Review | Trade Plus Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2012 | 1995 |
| Number of branches across India | 3 | 300 |
| Exchanges | NSE, BSE, MCX and MCX – SX | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹150 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹150 | ₹0 |
| Transaction Charges | Upstox Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹0 | 0.1% |
| Intraday Delivery | ₹20 per executed order | 0.01% |
| Equity Futures | ₹20 per executed order | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹20 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹20 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹20 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | ₹20 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Brokerage Calculator | Upstox Brokerage Calculator | TradePlus Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 times Intraday | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 4 times for Intraday | NA |
| Equity Options | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Currency Futures | Upto 4 times for Intraday | NA |
| Currency Options | Upto 4 times for Intraday | Upto 2 times for Intraday |
| Commodities | Upto 3 times for Intraday | Upto 2 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) | NEST, Upstox, Upstox Pro | Nest On Web, Infini Trader, TradPlus Mobile |
| Total BSE+NSE Complaints %age | 0.12% | 0.10% |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with TradePlus Online Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
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Summary
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Date
Broker Name
TradePlus Online Vs Upstox
Overall Rating
