Upstox Vs Edelweiss – Comparison | Which Discount Broker is Better For Traders & Investor

Upstox Vs Edelweiss – Comparison

A comparative study and analysis of the advantages and disadvantages of Edelweiss and Upstox are discussed below for a better understanding and enlightening the pros and cons so that and investor can make the right decision whether to choose Upstox or Edelweiss.

The Background

Headquartered in Mumbai, Edelweiss Financial Services Ltd. started as a financial service provider with various diversions of products.

They are engaged in broking and investment services and also in the insurance sector.

The company emerged as a merchant bank in the year 2000 and helped many new upcoming companies to raise funds through non-IPO routes.

Upstox, on the other hand, started as a stockbroker in the year 2009 with backend support from notable and renowned stock traders like Ratan Tata, GVK Davix and Capital Kalaari and is a member of BSE, NSE, MCX and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.

Comparison of Organisational Overview: 

Edelweiss is co-founded by Rashesh Shah and Venkat Ramaswamy in the year 1995 as a Full-Service Broker with no as such major back-ups by any strong traders.

The company grew up so strongly, that not too long back in the year 2017, they took over Rooshnil Securities, Forefront Capital Management in 2014 and fund plans of world-renowned JP Morgan’s Asset Management in India in the year 2016.

On the other hand, Upstox, as a stockbroker, has support from notable and renowned stock traders like Ratan Tata, GVK Davix and Capital Kalaari and is a member of BSE, NSE, MCX and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.

Company TypePublicPrivate
Broker TypeFull-Service BrokerDiscount Broker
HeadquartersMumbai, IndiaMumbai, India
FounderRashesh ShahRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Established Year20082009
Upstox Vs Edelweiss
Upstox Vs Edelweiss Comparison

Upstox Vs Edelweiss Customer Ratings

When we compare Edelweiss v/s Upstox in terms of overall Customer Ratings, it’s quite prominently seen from the below table that, Edelweiss has exceeded each customer rating parameter with consistency Upstox, except Products & Services.

Good ratings made Edelweiss achieve a Four Star out of a maximum achievable limit of 5.

Customer RatingsEdelweissUpstox
Products & Services7.5/106.5/10
Brokerage Charges & Fees6.5/109.5/10
Stock Research & Advisory8.0/103.0/10
Trading Platforms7.5/106.5/10
Overall Ratings7.3/106.2/10
Star Ratings★★★★☆★★★☆☆

Upstox Vs Edelweiss AMC & AOC: 

A comparative study from various sources in terms of AMC & AOC shows that both Edelweiss and Upstox charge their customers for every service they offer except Trading of AMC.

It is quite noticeable that Edelweiss charges much more as compared to Upstox and remarkably, Margin Money charged at Rs.25,000 by Edelweiss wherein Upstox doesn’t charge any amount for the same.

DEMAT ServicesEdelweissUpstox
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesRs.750Rs.150
DEMAT AMC ChargesFree or Rs.300 per AnnumRs.150 per Annum
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Zero
Offline to OnlineNoNo

Upstox Vs Edelweiss Brokerage Fee: 

It’s interesting to have a thorough look at the table below, which implies that Upstox charges a fixed amount from their clients for every brokerage, whereas Edelweiss, in most of the cases, they charge based on percentage with exceptions on Equity Futures and Currency Options Trading, Demat AMC Charges as well as Margin Money.

Though charges are fixed but are very high in comparison to Upstox.

Brokerage Charge & FeesEdelweiss Brokerage Upstox Brokerage
Equity Delivery Trading0.55%Zero
Equity Intraday Trading0.04%Rs.20
Commodity Options TradingNARs.20
Equity Futures Trading0.04%Rs.20
Equity Options TradingRs.120 per LotRs.20 per lot
Currency Futures Trading0.035%Rs.20
Currency Options TradingRs.30 per LotRs.20 per lot
Minimum BrokeragePercentage of TransactionRs.20
Demat AMC ChargesFree or Rs.300 per AnnumRs.150 per annum
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.25,000Zero
Upstox demat account
Upstox Vs Edelweiss – Upstox Demat account

Upstox or Edelweiss Charges: 

In case of other charges, there are no differences and both Edelweiss and Upstox charge equally from their clients.

Several other charges like STT, GST, etc are there in these companies. Almost all of those are the same. A comparison of Edelweiss and Upstox is here.

Other ChargesEdelweissUpstox
Transaction Charges0.00275% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison of Offers & Discount: 

While comparing Offers & Discounts, we find that there are not much available from either from Edelweiss or Upstox. However, Edelweiss still provides more Offers and Discounts than Upstox.

Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered: 

Edelweiss has more diversified services as compared to Upstox, except Upstox offers a 3 in 1 Account, which is not offered by Edelweiss.

Almost all of the trading services are offered by these two broking organizations. A clear comparison of Edelweiss and Upstox is mentioned below. A comparative study of Edelweiss vs Upstox is mentioned below.

Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
Trading Institution
Trading ExposureMaximum 25xMaximum 20x

Upstox and Edelweiss Research & Advisory: 

There is no doubt that Research and Advisory are an important part of every business and customer service, but we can visualize from the below table that Upstox has no such activities and services for its clients.

However, most of them are provided by Edelweiss. A relative comparison of Edelweiss vs Upstox is derived below.

Research & AdvisoryEdelweissUpstox
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Upstox Vs Edelweiss Margin

When it comes to Margin, both Edelweiss and Upstox provide the same with a mix and match figures. These charges always have an effect on the trading experience of a trader.

Exposure / LeverageEdelweiss MarginUpstox Margin
Equity DeliveryMaximum 15xMaximum 5x
Equity IntradayMaximum 25xMaximum 20x
Equity FuturesMaximum 15xMaximum 7x
Equity OptionsMaximum 10xMaximum 8x
Currency FuturesMaximum 12xMaximum 5x
Currency OptionsMaximum 10xMaximum 6x
CommoditiesMaximum 15xMaximum 7x

Upstox Vs Edelweiss Products: 

In terms of Products, Edelweiss again is ahead of those of Upstox. Except Commodity Trading, Forex, and Banking, which are also not products of Upstox, Edelweiss has the rest of them available for their clients. A comparison of Edelweiss vs Upstox is here to be considered. 

Edelweiss Free Demat account
Upstox Vs Edelweiss – Edelweiss Free Demat account
Equity Trading
Commodity TradingNo
Currency Trading
Mutual Funds

Upstox Vs Edelweiss Trading Platform: 

While talking about Trading Platforms using technology as a medium, both Edelweiss and Upstox are the same. These platforms allow a trader to access his trading account and investments from anywhere,

Trading PlatformsEdelweissUpstox
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Upstox Vs Edelweiss Customer Support: 

Coming to Customer Support, Edelweiss has more ways and options to give support to its clients. They only don’t support Offline Trading, which is also not an option available to Upstox’s customers.

A proper customer support system helps a trader to solve the trading related problems. A comparative study of Edelweiss & Upstox is mentioned below.

Customer SupportEdelweissUpstox
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number1800 102 3335022 – 6130 9999
Email Support
Chat Support
Toll-Free Number1800 102 3335

Comparison of Complaints Handled: 

When we analyze Complaints v/s Resolution, it can be noticed that the resolution percentage of both BSE and NSE is more of Edelweiss than that of Upstox.

Complaints (Current Year)EdelweissUpstox
Lodged in BSE212185
Resolved in BSE207126
Lodged in NSE133175
Resolved in NSE119139

Upstox Vs Edelweiss Opening Account

Upstox Call Back Request

Edelweiss Call Back Request


Both Edelweiss and Upstox have a very strong track record in their line of business and both have their pros and cons. It is only the investor, who has decided as per their exact requirement and the product they chose to trade.

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Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years. I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.