Upstox Vs Trade Bulls – Comparison
Comparing Upstox vs Trade Bull Securities based on all segment-wise details is required to know for every investor is detailed here below. In this Comparative assessment, we dedicated the study to the gains and drawbacks of both the broker for the knowledge of investors.
The Mumbai based discount broker Upstox started its journey in 2009.
This organization is famed for its offering on the trading platform and also for having a wide range of products and services.
On the other side, Trade Bull Securities a Mumbai centered full-service broker established in 2009.
Known for facilitating free trading & DEMAT account & other different amenities, it is one of the most famous stockbrokers of India.
- No brokerage charges on trading on equity delivery.
- The brokerage fee structure is flat fee-based.
- Share trading Account AMC is free.
- Don’t facilitate trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money criteria are absent.
Trade Bulls Securities:
- Zero cost trading account
- Zero cost DEMAT account
- Forex trading facility available.
- Trading account AMC is free.
- Discount on Brokerage charges.
Upstox Vs Trade Bulls Overview:
Here we have compared Upstox vs Trade Bull Securities considering different organization structure aspects like- company type, broker category, originated location, founder and establishment year.
|Broker Type||Discount Broker||Full-Service Broker|
|Founder||Raghu Kumar, |
Ravi Kumar &
Upstox Vs Trade Bulls Customer Ratings:
Comparing Upstox Vs Trade Bull Securities based on customer ratings we get the below details.
Here we can see that Upstox has got lesser ratings than Trade Bull Securities in terms of experience, product-services, research information & trading platforms. Whereas in terms of the brokerage fee the rating of Trade Bull Securities is lesser than Upstox.
|Customer Ratings||Upstox||Tradebulls Securities|
|Products & Services||6.5/10||7.6/10|
|Brokerage Charges & Fees||9.5/10||7.8/10|
|Stock Research & Advisory||3.0/10||6.6/10|
Comparison on AOC & AMC:
Relatively comparing Upstox vs Trade Bull Securities based on AMC & AOC we derive the below details.
Here we can see that both Upstox & Trade Bull Securities offers free of cost trading AMC. But DEMAT AMC and account opening is a chargeable affair for both of them.
|Demat Services||Upstox||Tradebulls Securities|
|Account Opening Charges||Rs.150||Free or Rs.299|
|Demat AMC Charges||Rs.150 per Annum||Free or Rs.300|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Rs.0 – Rs.300,000|
|Offline to Online||✖||✔|
Upstox Vs Trade Bulls Brokerage Fee:
In light of the brokerage fee charged we here have compared Upstox vs Trade Bull Securities as below. Upstox charges brokerage in a flat fee structure of @INR.20/- whereas, Trade Bull Securities charges a percentage based brokerage structure.
Both the broker have minimum brokerage charges for the investors.
|Brokerage Charge & Fees||Upstox Brokerage||Tradebulls Securities Brokerage|
|Equity Delivery Trading||Zero||0.10% – 0.30%|
|Equity Intraday Trading||Rs.20||0.010% – 0.030%|
|Commodity Options Trading||Rs.20||0.010% – 0.030%|
|Equity Futures Trading||Rs.20||0.010% – 0.030%|
|Equity Options Trading||Rs.20 per lot||Rs.50 – Rs.80 per Lot|
|Currency Futures Trading||Rs.20||0.010% – 0.030%|
|Currency Options Trading||Rs.20 per lot||Rs.50 – Rs.80 per Lot|
|Minimum Brokerage||Rs.20||Rs.30 per Trade|
|Demat AMC Charges||Rs.150 per annum||Free or Rs.300|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Rs.0 – Rs.300,000|
Comparison of Other Transaction Charges:
Contrasting Upstox vs Trade Bull Securities based on other administrative fees we get the below details. Here we can see that both the brokers have a similar fee structure for their customers excluding the transaction charge.
Charges for transaction charge is lesser in Upstox than Trade Bull Securities.
|Other Charges||Upstox||Tradebulls Securities|
|Transaction Charges||0.00275% of Total Turnover||0.00325% 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 & Discounts:
Comparing Upstox vs Trade Bull Securities based on discount & offers we get the below details. Here we can see that Trade Bull Securities offers more offers than Upstox.
|ZERO Demat Account Offer||✖||✔|
|ZERO Trading Account Offer||✔||✔|
|Discount on Brokerage Offer||✔||✔|
|Trading Happy Hours Offer||✖||✖|
|Flexible Brokerage Plans Offer||✖||✔|
|1 Month Brokerage Free Offer||✖||✖|
|Offer on Holiday||✖||✖|
|Offer on Referral||✖||✔|
|Zero Brokerage for Loss Making Trades Offer||✖||✖|
Comparison of Services:
Comparing Upstox vs Trade Bull Securities based on services offered we derived the below details. Here we can see that Upstox offers lesser numbers of services than Trade Bull Securities.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 60x|
Upstox Vs Trade Bulls Research & Advisory:
Relatively comparing Upstox vs Trade Bull Securities based on research information we get the below information.
We can see in this chart that Upstox doesn’t offer any research information to their investors whereas, Trade Bull Securities offers all kinds of research & advisory support.
|Research & Advisory||Upstox||Tradebulls Securities|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
Upstox Vs Trade Bulls Margin/ Exposure/ Leverage
Considering the leverage/margin we here have compared Upstox vs Trade Bull Securities as below. Almost all the margin charges are different for these broking organizations. These charges always play a role in trading.
|Exposure / Leverage||Upstox Margin||Tradebulls Securities Margin|
|Equity Delivery||Maximum 5x||Maximum 6x|
|Equity Intraday||Maximum 20x||Maximum 60x|
|Equity Futures||Maximum 7x||Maximum 20x|
|Equity Options||Maximum 8x||Maximum 20x|
|Currency Futures||Maximum 5x||Maximum 10x|
|Currency Options||Maximum 6x||Maximum 10x|
|Commodities||Maximum 7x||Maximum 40x|
Comparison of Products:
In terms of product offering, we here compared Upstox vs Trade Bull Securities as below. We can see from the below chart that Trade Bull Securities offers more variants (products) than Upstox.
Upstox Vs Trade Bulls Trading Platform:
The trading medium is an elementary needful thing for all the investors. We here have assessed Upstox vs Trade Bull Securities based on their trading terminal offering.
Both brokers are equipped with various digital media to help their customers.
|Trading Platforms||Upstox||Tradebulls Securities|
|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||✔||✔|
Comparison of Customer Assistance:
Based on experiences on customer assistance we here have compared Upstox vs Trade Bull Securities as below. Both brokers offer similar channels to help their customers.
|Customer Support||Upstox||Tradebulls Securities|
Comparison on Complaint Handled:
Based on the complaints handled Upstox vs Trade Bull Securities we get the below details. Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way.
|Complaints (Current Year)||Upstox||Tradebulls Securities|
|Lodged in BSE||185||168|
|Resolved in BSE||126||162|
|Lodged in NSE||175||203|
|Resolved in NSE||139||200|
To conclude we can state that both Upstox and Trade Bull Securities are renowned in the stockbroking market but both have their advantage as well as faults. Hence it is difficult to consider one good and another one bad.
The investors should choose the broker keeping in mind his personal preference and requirements.