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Upstox Vs Trade Plus Online Comparison: Find the Best Discount Broker

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Upstox vs. TRADE PLUS ONLINE – Comparison

Upstox and Trade Plus Online both are a well-known name in the stockbroking industry. This comparative analytical study between the brokers can highlight the areas, where an investor needs to know the difference.

This informative study between Upstox vs Trade Plus Online highlights those areas to assist traders to make investing decisions. 

Upstox is a discount brokerage firm established in 2009 at Mumbai. Formerly it was known as RKSV Securities.

This organization is known for its range of trading platform offerings and a wide range of products and services. 

Conversely, Trade Plus Online is a Discount Broker that started its journey in 2015. It offers various products in flat fee brokerage charges and currently listed under NSE, BSE & MCX.

Specification: 

Upstox:

  1. Zero brokerage fee on equity delivery trading
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required. 

Trade Plus Online

  1. NRI Trading facility
  2. E-KYC facility is present.
  3. Facilitates investment in IPO, Bonds & Mutual Funds,
  4. Higher call & trade charges
  5. INFINI trading platform is not free.
Upstox Vs Trade Plus Online
Upstox Vs Trade Plus Online

Upstox Vs Trade Plus Services Offered: 

Here we have compared Upstox vs Trade Plus Online based on their service offering. In the below comparison chart we can see that, in terms of the trading platform & brokerage charge, Upstox is leading.

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Whereas, in the rest case (product offering and customer service) both the broker has the same ratings. 

 ParticularsUpstoxTradePlusOnline
Overall Rating★★★★★★★
Brokerage Charges★★★★★★★
Trading Platform★★★★★★★
Investments Offering★★★★★★★★
Customer Service★★★★★★★★
Broker Type Discount BrokerDiscount Broker
Exchanges Supported BSE, NSE, MCXNSE, BSE, MCX

Comparison on AMC & AOC:

Comparing account opening charge & account maintenance charge we can assess Upstox vs Trade Plus Online as below. Trade Plus Online provides DEMAT account opening fees & trading AMC for free. Upstox provides only free AMC on trading.

ChargesUpstoxTradePlusOnline
Account Opening Fees- Trading150 Rupees200 Rupees
AMC of TradingFreeFree
Account Opening Fees- DEMAT150 RupeesFree
AMC of DEMAT150 Rupees PA (Waived for 1st year)200 Rupees (First Year Free)
Provide DP Service

Upstox Vs Trade Plus Brokerage Plan: 

Trade Plus Online offers Multiple and Monthly types of brokerage plans. Whereas, Upstox offers Multiple type brokerage plans only. Details of assessment furnished below:

Plan TypesUpstox BrokerageTradePlusOnline Brokerage
Multiple Brokerage Plans
Monthly Brokerage Plans
Yearly Brokerage Plans

Upstox Vs Trade Plus Brokerage Charge: 

Both Upstox & Trade Plus Online offer a flat fee-based brokerage charge structure to their investors. The minimum brokerage is zero for both Upstox & Trade Plus Online. The comparison between both the broker is mentioned below: 

ParticularsUpstoxTradePlusOnline
Plan NameMax 20 Rupees Per Order Trading PlanFlat Fee Plan
Equity DeliveryFreeFree
Equity Intraday0.01% or 20 Rupees whichever is lower0.01% or 9 Rupees whichever is lower
Equity FuturesFlat Fee 20 RupeesFlat Fee 9 Rupees
Equity OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Currency FuturesFlat Fee 20 RupeesFlat Fee 9 Rupees
Currency OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Commodity TradingFlat Fee 20 RupeesFlat Fee 9 Rupees
Minimum BrokerageNILNIL
Hidden ChargesInfo Not AvailableNo
FundingInfo Not AvailableYes – 24% interest PA
Call & Trade Charges20 Rupees Per Executable Order75 Rupees Per Day Per segment or 1000 Rupees for unlimited call n Trade

Comparison on Transaction Charge:

Contrasting both Upstox vs Trade Plus Online we get this below comparative transaction fee structure. Here we can see that in every segment other than commodities the transaction charge of Upstox is lesser than the Trade Plus Online.

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ParticularsUpstoxTradePlusOnline
Equity Delivery325 Rupees Per Cr330 Rupees Per Cr
Equity Intraday325 Rupees Per Cr330 Rupees Per Cr
Equity Futures210 Rupees Per Cr350 Rupees Per Cr
Equity Options5500 Rupees Per Cr7500 Rupees Per Cr
Currency Futures150 Rupees Per Cr165 Rupees Per Cr
Currency Options6000 Rupees Per Cr6000 Rupees Per Cr
CommodityNon-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr
Non-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr

Comparison on Account Feature:

Hereby we are assessing Upstox vs Trade Plus Online based on account feature offer as below: 

ParticularsUpstoxTradePlusOnline
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILCharting & Tech Tools -YES –
INFINI POWER – MCX and Equities

Upstox Vs Trade Plus Trading Platform: 

Upstox vs Trade Plus Online hereby compared based on their trading terminal offering. Both the broker is offering an updated and featureful trading terminal for the ease of investors. 

ParticularsUpstoxTradePlusOnline
Desktop Trading PlatformDartStock/
Nest Trader/
Fox Trader
NSE NOW,
INFINI TRADER
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailpro.upstox.cominfini.tradeplusonline.com
Mobile Site
Mobile Trading
Mobile Trading AppUpstoxTradeplus Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Products Offering:

Here we have compared Upstox vs Trade Plus Online based on their product offering.

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ParticularsUpstoxTradePlusOnline
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment OptionsNILNIL

Comparison on Margin/ Exposure/ Leverage

Considering the leverage Upstox vs Trade Plus Online are compared here below: 

ParticularsUpstox MarginTradePlusOnline Margin
Equity Delivery Leverage No Leverage for Equity Delivery.Maximum 4x leverage on Equity Delivery with Margin Funding.
Equity Intraday Leverage  Maximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage  1x implies real SPAN + Exposure.1x implies real SPAN + Exposure.
Options Leverage  1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.
Equity CO Leverage  Maximum 10x or 10% considering Flexible and ELM, There won’t be any further Leverage for Cover Order.Maximum 10x or 10% considering Flexible and ELM, There won’t be any further Leverage for Cover Order.
Futures CO Leverage  1x implies real SPAN + Exposure Leverage, No further Leverage for Futures Cover Order.1x implies real SPAN + Exposure Leverage, No further Leverage for Futures Cover Order.
Options CO Leverage  1x implies actual SPAN + Publicity Leverage (Sell) or Superior Leverage (Purchase), There won’t be any further Leverage for Options Cover Order.1x implies actual SPAN + Publicity Leverage (Sell) or Superior Leverage (Purchase), There won’t be any further Leverage for Options Cover Order.
Commodity Leverage  1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.1x implies real SPAN + Disclosure in Sell and Superior Leverage in Buy.

Upstox Vs Trade Plus Customer Support: 

Contrasting Upstox vs Trade Plus Online based on their extensive investor support we derived the below-mentioned details:

ParticularsUpstoxTradePlusOnline
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number +91 22 6130 9999044-49427576 / 044-28214171
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected] [email protected]
Knowledge Center/Education upstox.com/help-centersupport.tradeplusonline.com/support/solutions
Head Office Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai – 400 013
Tradeplus Online,
Ganga Griha 4th & 5th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Nungambakkam
Chennai – 600 034
Website upstox.comtradeplusonline.com
Tradeplus Free Demat account
Upstox Vs Trade Plus – Tradeplus Free Demat account

Comparison of DEMAT Account Feature: 

Here we have compared Upstox vs Trade Plus Online based on DEMAT account feature as here below: 

 ParticularsUpstox DEMAT Account TradePlusOnline DEMAT Account
DP SourceCDSLNSDL
DP ID 8180086500
Demat Account Annual Maintenance Charges(AMC)150 Rupees pa900 Rupees for Ten Years
Advance DepositNILNIL
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)13 Rupees + 5.50 Rupees CDSL charges0.02% of the transaction value (Min 15 Rupees and Max 200 Rupees)
Demat20 Rupees + 50 Rupees courier charges50 Rupees up to five certificates (5 Rupees per additional certificate) ( Min 50 Rupees)
Remat100 Rupees for every hundred securities or 25 Rupees per certificate (whichever is higher)15 Rupees for every hundred securities or 15 Rupees per certificate (whichever is higher) + 50 Rupees request charges
Pledge Creation0.02% of the transaction value (Min 50 Rupees) + CDSL charges15 Rupees per transaction
Pledge Creation Confirmation0.02% of the transaction value (Min 50 Rupees) + CDSL charges0.02% of the value (Min 50 Rupees)
Pledge Closure0.02% of the transaction value (Min 50 Rupees) + CDSL charges0.02% of the value (Min 50 Rupees)
Pledge Closure Confirmation0.02% of the transaction value (Min 50 Rupees) + CDSL charges0.02% of the value (Min 50 Rupees)
Pledge Invocation0.05% of the transaction value (Min 50 Rupees)0.02% of the value (Min 50 Rupees)
Failed Instruction Charges50 Rupees15 Rupees
Other ChargesNilNil

Conclusion:

Finally, we can say that both Upstox vs Trade Plus Online are market competitors in the stock-broker segment & both offer many similar facilities and many countering services also.

But an individual needs to learn the feature of each broker so that they can take a wise decision to invest their hard-earned money.

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