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:
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
Trade Plus Online:
- NRI Trading facility
- E-KYC facility is present.
- Facilitates investment in IPO, Bonds & Mutual Funds,
- Higher call & trade charges
- INFINI trading platform is not free.
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.
Whereas, in the rest case (product offering and customer service) both the broker has the same ratings.
| Particulars | Upstox | TradePlusOnline |
| Overall Rating | ★★★★ | ★★★ |
| Brokerage Charges | ★★★★ | ★★★ |
| Trading Platform | ★★★★ | ★★★ |
| Investments Offering | ★★★★ | ★★★★ |
| Customer Service | ★★★★ | ★★★★ |
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX | NSE, 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.
| Charges | Upstox | TradePlusOnline |
| Account Opening Fees- Trading | 150 Rupees | 200 Rupees |
| AMC of Trading | Free | Free |
| Account Opening Fees- DEMAT | 150 Rupees | Free |
| AMC of DEMAT | 150 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 Types | Upstox Brokerage | TradePlusOnline 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:
| Particulars | Upstox | TradePlusOnline |
| Plan Name | Max 20 Rupees Per Order Trading Plan | Flat Fee Plan |
| Equity Delivery | Free | Free |
| Equity Intraday | 0.01% or 20 Rupees whichever is lower | 0.01% or 9 Rupees whichever is lower |
| Equity Futures | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Equity Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Currency Futures | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Commodity Trading | Flat Fee 20 Rupees | Flat Fee 9 Rupees |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | Info Not Available | No |
| Funding | Info Not Available | Yes – 24% interest PA |
| Call & Trade Charges | 20 Rupees Per Executable Order | 75 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.
| Particulars | Upstox | TradePlusOnline |
| Equity Delivery | 325 Rupees Per Cr | 330 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 330 Rupees Per Cr |
| Equity Futures | 210 Rupees Per Cr | 350 Rupees Per Cr |
| Equity Options | 5500 Rupees Per Cr | 7500 Rupees Per Cr |
| Currency Futures | 150 Rupees Per Cr | 165 Rupees Per Cr |
| Currency Options | 6000 Rupees Per Cr | 6000 Rupees Per Cr |
| Commodity | Non-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:
| Particulars | Upstox | TradePlusOnline |
| 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 Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
| Other Features | NIL | Charting & 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.
| Particulars | Upstox | TradePlusOnline |
| Desktop Trading Platform | DartStock/ Nest Trader/ Fox Trader | NSE NOW, INFINI TRADER |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✖ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | pro.upstox.com | infini.tradeplusonline.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Upstox | Tradeplus Mobile |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparison on Products Offering:
Here we have compared Upstox vs Trade Plus Online based on their product offering.
| Particulars | Upstox | TradePlusOnline |
| 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 Options | NIL | NIL |
Comparison on Margin/ Exposure/ Leverage
Considering the leverage Upstox vs Trade Plus Online are compared here below:
| Particulars | Upstox Margin | TradePlusOnline 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:
| Particulars | Upstox | TradePlusOnline |
| 24/7 Customer Service | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✔ | ✔ |
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✖ | ✖ |
| Through Branches | ✔ | ✖ |
| Customer Care Number | +91 22 6130 9999 | 044-49427576 / 044-28214171 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | upstox.com/help-center | support.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.com | tradeplusonline.com |
Comparison of DEMAT Account Feature:
Here we have compared Upstox vs Trade Plus Online based on DEMAT account feature as here below:
| Particulars | Upstox DEMAT Account | TradePlusOnline DEMAT Account |
| DP Source | CDSL | NSDL |
| DP ID | 81800 | 86500 |
| Demat Account Annual Maintenance Charges(AMC) | 150 Rupees pa | 900 Rupees for Ten Years |
| Advance Deposit | NIL | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 13 Rupees + 5.50 Rupees CDSL charges | 0.02% of the transaction value (Min 15 Rupees and Max 200 Rupees) |
| Demat | 20 Rupees + 50 Rupees courier charges | 50 Rupees up to five certificates (5 Rupees per additional certificate) ( Min 50 Rupees) |
| Remat | 100 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 Creation | 0.02% of the transaction value (Min 50 Rupees) + CDSL charges | 15 Rupees per transaction |
| Pledge Creation Confirmation | 0.02% of the transaction value (Min 50 Rupees) + CDSL charges | 0.02% of the value (Min 50 Rupees) |
| Pledge Closure | 0.02% of the transaction value (Min 50 Rupees) + CDSL charges | 0.02% of the value (Min 50 Rupees) |
| Pledge Closure Confirmation | 0.02% of the transaction value (Min 50 Rupees) + CDSL charges | 0.02% of the value (Min 50 Rupees) |
| Pledge Invocation | 0.05% of the transaction value (Min 50 Rupees) | 0.02% of the value (Min 50 Rupees) |
| Failed Instruction Charges | 50 Rupees | 15 Rupees |
| Other Charges | Nil | Nil |
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.
