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Upstox Vs Trade Bulls Comparison: Find the Best Discount Broker

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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.

Notable Points: 

Upstox: 

  1. No brokerage charges on trading on equity delivery.
  2. The brokerage fee structure is flat fee-based.
  3. Share trading Account AMC is free. 
  4. Don’t facilitate trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money criteria are absent. 

Trade Bulls Securities:

  1. Zero cost trading account
  2. Zero cost  DEMAT account
  3. Forex trading facility available. 
  4. Trading account AMC is free.
  5. Discount on Brokerage charges. 
Upstox Vs Trade Bulls
Upstox Vs Trade Bulls

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. 

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OverviewUpstoxTradebulls Securities
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersMumbai, IndiaMumbai
FounderRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Mr.Dinesh Thakkar
Established Year20092009

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 RatingsUpstoxTradebulls Securities
Experience5.3/107.0/10
Products & Services6.5/107.6/10
Brokerage Charges & Fees9.5/107.8/10
Stock Research & Advisory3.0/106.6/10
Trading Platforms6.5/106.8/10
Overall Ratings6.2/107.2/10
Star Ratings★★★☆☆★★★☆☆

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 ServicesUpstoxTradebulls Securities
Depository SourceCDSLCDSL
Account Opening ChargesRs.150Free or Rs.299
Demat AMC ChargesRs.150 per AnnumFree or Rs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.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.

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Both the broker have minimum brokerage charges for the investors. 

Brokerage Charge & FeesUpstox Brokerage Tradebulls Securities Brokerage
Equity Delivery TradingZero0.10% – 0.30%
Equity Intraday TradingRs.200.010% – 0.030%
Commodity Options TradingRs.200.010% – 0.030%
Equity Futures TradingRs.200.010% – 0.030%
Equity Options TradingRs.20 per lotRs.50 – Rs.80 per Lot
Currency Futures TradingRs.200.010% – 0.030%
Currency Options TradingRs.20 per lotRs.50 – Rs.80 per Lot
Minimum BrokerageRs.20Rs.30 per Trade
Demat AMC ChargesRs.150 per annumFree or Rs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.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 ChargesUpstoxTradebulls Securities
Transaction Charges0.00275% of Total Turnover0.00325% 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 & 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. 

OffersUpstoxTradebulls Securities
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. 

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ServicesUpstoxTradebulls Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 20xMaximum 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 & AdvisoryUpstoxTradebulls Securities
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 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 / LeverageUpstox MarginTradebulls Securities Margin
Equity DeliveryMaximum 5xMaximum 6x
Equity IntradayMaximum 20xMaximum 60x
Equity FuturesMaximum 7xMaximum 20x
Equity OptionsMaximum 8xMaximum 20x
Currency FuturesMaximum 5xMaximum 10x
Currency OptionsMaximum 6xMaximum 10x
CommoditiesMaximum 7xMaximum 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. 

ProductsUpstoxTradebulls Securities
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

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 PlatformsUpstoxTradebulls 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
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

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 SupportUpstoxTradebulls Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero10
Tradebulls Free Demat account
Upstox Vs Trade Bulls – Tradebulls Free Demat account

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)UpstoxTradebulls Securities
Lodged in BSE185168
Resolved in BSE126162
Lodged in NSE175203
Resolved in NSE139200

Conclusion: 

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.

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