Upstox vs HDFC Securities – Comparison Review
Page Contents Table
A side-by-side with table-wise comparative study in the following sections between Upstox vs HDFC Securities below, will enlighten the pros and cons and help any investor to compare and analyze, and then take the right decision whether to choose Upstox or HDFC Securities.
HDFC is a big name and is pretty familiar to most of us. HDFC Securities is a subsidiary of –
HDFC Bank which emerged as a leading stock broking company with a whole lot of features in diversified products and services in retail as well as in the corporate sectors.
Apart from traditional ways, they also have the facility to trade over the phone.
Talking about Upstox, they started as a stockbroker in the year 2009 with very strong 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. It is a low-cost stockbroker who uses a pretty decent and stable platform to trade.
Upstox Vs HDFC Securities Overview:
HDFC Securities emerged in the market as a full-service broker which was established in the year 2000.
Headquartered in Mumbai the company was founded by Bharat Shat and presently have their branches spread across all major cities and towns in India.
On the other hand, Upstox, as a stockbroker, headquarters in Mumbai, started its journey in the year 2009 by Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath with strong backend support from well-reputed stock traders.
They are also members of BSE, NSE, MCX, and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.
|Broker Category||Full-Service Broker||Discount Broker|
|Head office||Mumbai, India||Mumbai, India|
|Founded By||Bharat Shat||Raghu Kumar, |
Ravi Kumar &
Upstox Vs HDFC Securities Customer Ratings:
If we do an assessment between Upstox vs HDFC Securities in terms of Customer Ratings, the below table quite clearly shows that HDFC Securities exceeds customer rating parameters than Upstox in every category except Brokerage charges where the rating is higher of Upstox.
In overall Star Ratings, HDFC Securities is rated as 4 out of a maximum of 5 Starts.
|Customer Ratings||HDFC Securities||Upstox|
|On Experience||8.0 out of 10||5.3 out of 10|
|On Products & Services||8.0 out of 10||6.5 out of 10|
|On Brokerage Charges & Fees||5.0 out of 10||9.5 out of 10|
|On Stock Research & Advisory||6.2 out of 10||3.0 out of 10|
|On Trading Platforms||7.0 out of 10||6.5 out of 10|
|On Overall Ratings||6.8 out of 10||6.2 out of 10|
|On Star Ratings||★★★★☆||★★★☆☆|
Upstox Vs HDFC Securities AMC & AOC:
Looking into the figures in terms of AMC & AOC below, it is clear that HDFC Securities charges much more than Upstox in every individual category and especially Margin Money is extremely high of HDFC Securities where Upstox doesn’t charge any.
|Demat Services||HDFC Securities||Upstox|
|Depository Participant||NSDL & CDSL||CDSL|
|Charges on Account Opening||Rs.500||Rs.150|
|AMC on Demat||Rs.300 per Annum||Rs.150 per Annum|
|AMC on Trading||500||Free|
|Marginal Money||Minimum Rs.25,000||Zero|
|Offline to Online||Yes||No|
Upstox Vs HDFC Securities Brokerage Charges:
HDFC Securities charges brokerage on a percentage basis in most of the cases and a fixed amount is few, while Upstox has its policy of charging only as a fixed amount in every category and absolutely no charges in Margin Money and Trading AMC.
|Brokerage Charge & Fees||HDFC Securities Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.50%||Zero|
|Equity Intraday Trading||0.05%||Rs.20|
|Commodity Options Trading||Na||Rs.20|
|Equity Futures Trading||0.05%||Rs.20|
|Equity Options Trading||Rs.100 per Lot or 1% of Premium (Takes higher Amount)||Rs.20 per lot|
|Currency Futures Trading||0.05%||Rs.20|
|Currency Options Trading||Rs.100 per Lot or 1% of Premium (Takes higher Amount)||Rs.20 per lot|
|Demat AMC Charges||Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Rs.500 per annum||Free|
|Margin Money||Minimum Rs.25,000||Zero|
Comparison of Other Charges:
Considering other charges, both Upstox & HDFC Securities charges almost the same with HDFC Securities being a little higher in Transaction Charges.
|Other Charges||HDFC Securities||Upstox|
|Transaction Charges||0.00325% 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:
In terms of Offers & discounts, there doesn’t seem to be many differences of either Upstox or HDFC Securities.
|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:
Except for Robo Advisory and Trading Institution, HDFC Securities provides all other services. Upstox, on the other hand, doesn’t facilitate 3 in 1 account, Stock Recommendations to their customers along with PMS and Trading Institution. Comparing both the broker we get these below details.
|3 in 1 Account||✔||✖|
|Trading Exposure||Maximum 14x||Maximum 20x|
Upstox Vs HDFC Securities Research & Advisory:
HDFC Securities is engaged in most of the Research & Advisory process whereas, Upstox doesn’t have any such practices for their clients.
|Research & Advisory||HDFC Securities||Upstox|
|Fundamental Reports Services||✔||✖|
|Research Reports Services||✔||✖|
|Company Reports Services||✔||✖|
|Annual Reports Services||✔||✖|
|Company Stock Review Services||✔||✖|
|Free Stock Tips Services||✖||✖|
|IPO Reports Services||✔||✖|
|Top Picks Services||✖||✖|
|Daily Market Review Services||✖||✖|
|Monthly Reports Services||✔||✖|
|Weekly Reports Services||✔||✖|
|Offline Advisory Services||✔||✖|
|Relationship Manager Services||✔||✖|
Upstox Vs HDFC Securities Leverage / Margin/Exposure
Leverages are more or less similar to both HDFC Securities and Upstox. It’s a mix and match and slightly differs from each other.
|Exposure / Leverage||HDFC Securities Margin||Upstox Margin|
|Equity Delivery||Maximum 8x||Maximum 5x|
|Equity Intraday||Maximum 14x||Maximum 20x|
|Equity Futures||Maximum 7x||Maximum 7x|
|Equity Options||Maximum 8x||Maximum 8x|
|Currency Futures||Maximum 7x||Maximum 5x|
|Currency Options||Maximum 5x||Maximum 6x|
|Commodities||Maximum 6x||Maximum 7x|
Comparison on Products Offered:
It’s clear from the below table that HDFC Securities provides services of a wide range of Products except they do not deal with Commodity Trading. On the other hand, Upstox provides very limited products to offer for its clients.
Upstox Vs HDFC Securities Trading Platform:
Both Upstox & HDFC Securities equally cater to various means of Trading Platforms for their clients. Also, the common platform which none of them support is Windows App and Other Mobile OS.
|Trading Platforms||HDFC Securities||Upstox|
|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 HDFC Securities Customer Support:
Supporting customers through various means is supported by HDFC Securities as well as Upstox. However, we find that HDFC Securities provides additional support through Dedicated Dealer, Toll-Free Number as well as support through Branches, which are spread across major cities and towns.
|Customer Support||HDFC Securities||Upstox|
|Support Number||1800 425 4332||022 – 6130 9999|
|Toll-Free Number||1800 425 4332||✖|
Comparison on Complaint Handled:
In reality, no company exists without a single complaint. The beauty lies in how soon the complaints are resolved. The figures below show HDFC Securities has a higher resolution rate percentage than Upstox in both BSE and NSE. In this comparison, we have shown a comparison between Upstox vs HDFC Securities based on grievance handled.
|Complaints (Current Year)||HDFC Securities||Upstox|
|Lodged in BSE||194||185|
|Resolved in BSE||189||126|
|Lodged in NSE||226||175|
|Resolved in NSE||215||139|
HDFC is a big name and HDFC Securities is a subsidiary of HDFC Bank. Upstox has very strong backend support from renowned stock traders. Both Upstox & HDFC Securities, as stockbrokers, have their policies and are successful in their line of business.
This article is based on the comparison between Upstox vs HDFC Securities highlighting on their different offerings.
Pros and cons are part of every business house and it is solely the investor who has to decide whether to choose HDFC Securities or Upstox as per their actual need.
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.