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.
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.
|Broker Type||Full-Service Broker||Discount Broker|
|Headquarters||Mumbai, India||Mumbai, India|
|Founder||Rashesh Shah||Raghu Kumar, |
Ravi Kumar &
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.
|Products & Services||7.5/10||6.5/10|
|Brokerage Charges & Fees||6.5/10||9.5/10|
|Stock Research & Advisory||8.0/10||3.0/10|
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.
|Depository Source||NSDL & CDSL||CDSL|
|Account Opening Charges||Rs.750||Rs.150|
|DEMAT AMC Charges||Free or Rs.300 per Annum||Rs.150 per Annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Minimum Rs.25,000||Zero|
|Offline to Online||No||No|
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 & Fees||Edelweiss Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.55%||Zero|
|Equity Intraday Trading||0.04%||Rs.20|
|Commodity Options Trading||NA||Rs.20|
|Equity Futures Trading||0.04%||Rs.20|
|Equity Options Trading||Rs.120 per Lot||Rs.20 per lot|
|Currency Futures Trading||0.035%||Rs.20|
|Currency Options Trading||Rs.30 per Lot||Rs.20 per lot|
|Minimum Brokerage||Percentage of Transaction||Rs.20|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Minimum Rs.25,000||Zero|
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.
|Transaction Charges||0.00275% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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||✔||✖|
|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.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 25x||Maximum 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 & Advisory||Edelweiss||Upstox|
|Company Stock Review||✔||✖|
|Free Stock Tips||✖||✖|
|Daily Market Review||✔||✖|
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 / Leverage||Edelweiss Margin||Upstox Margin|
|Equity Delivery||Maximum 15x||Maximum 5x|
|Equity Intraday||Maximum 25x||Maximum 20x|
|Equity Futures||Maximum 15x||Maximum 7x|
|Equity Options||Maximum 10x||Maximum 8x|
|Currency Futures||Maximum 12x||Maximum 5x|
|Currency Options||Maximum 10x||Maximum 6x|
|Commodities||Maximum 15x||Maximum 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.
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,
|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||✖||✖|
|Online MF Buy||✔||✔|
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.
|Support Number||1800 102 3335||022 – 6130 9999|
|Toll-Free Number||1800 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)||Edelweiss||Upstox|
|Lodged in BSE||212||185|
|Resolved in BSE||207||126|
|Lodged in NSE||133||175|
|Resolved in NSE||119||139|
Upstox Vs Edelweiss Opening Account
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.
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.