Mirae Asset Sharekhan Vs Upstox (Compare Mirae Asset Sharekhan and Upstox)

Mirae Asset Sharekhan Vs Upstox

Incorporated in 2000, Mirae Asset Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

	Mirae Asset Sharekhan	Upstox
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2000	2012
Number of Branches	2800	4
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Mirae Asset Sharekhan Vs Upstox Charges & AMC

Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Upstox Demat Account AMC Charges is Rs 150.

	Mirae Asset Sharekhan	Upstox
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 150

Mirae Asset Sharekhan Vs Upstox Brokerage

Mirae Asset Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type	Mirae Asset Sharekhan Classic Account	Upstox Default
Fixed Charges		NA
Equity Delivery	0.30% on market rate or minimum 1 paisa per share	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.02% on market rate or minimum 1 paisa per share	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.02% per transaction value	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 39 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
Special Offer	Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Mirae Asset Sharekhan Vs Upstox Brokerage Plan 2

	Mirae Asset Sharekhan	Upstox
Account Type	Prepaid - Rs 1 Lakh	Default
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.015%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.015%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
		Open Upstox Account

Mirae Asset Sharekhan Vs Upstox Brokerage Plan 3

	Mirae Asset Sharekhan	Upstox
Account Type	Margin - Rs 1 Lakh	Default
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.05%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.05%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
		Open Upstox Account

Mirae Asset Sharekhan Charges Vs Upstox

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	0.05%
Other Charges		Auto Square-off Charges: Rs 50
Call & Trade Charges	Rs 20	Rs 20 per trade
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Mirae Asset Sharekhan Vs Upstox Leverage (Margin)

Mirae Asset Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Mirae Asset Sharekhan	Upstox
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Mirae Asset Sharekhan and Upstox Features

The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

	Mirae Asset Sharekhan	Upstox
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	TradeTiger, Sharekhan Mobile	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time	3:30 PM	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training	Option strategy builder
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Mirae Asset Sharekhan Vs Upstox Review

Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

	Mirae Asset Sharekhan	Upstox
	316 Customer Reviews	149 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Mirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviews	Upstox is Rated 2.4 / 5 based on 149 customer reviews

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Mirae Asset Sharekhan Vs Upstox Investment Options

	Mirae Asset Sharekhan	Upstox
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

Mirae Asset Sharekhan Vs Upstox Order Type Offered

	Mirae Asset Sharekhan	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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Mirae Asset Sharekhan Vs Upstox Suitable For Investor Type

	Mirae Asset Sharekhan	Upstox
Casual Investor
Active Investor
Trader

Mirae Asset Sharekhan Vs Upstox - Pros and Cons

	Mirae Asset Sharekhan	Upstox
Pros	Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them. Sharekhan offers online and classroom training, seminars and workshops to investors. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood. Call & Trade facility is free with Sharekhan. Sharekhan allows fixed deposits as collateral for future and option trading.	Zero account opening fee. Zero brokerage for Mutual Fund investment. Flat Rs 20 per trade brokerage for all other segments including equity delivery. Offer direct mutual funds. One app for trading in equity, currency, and commodity. Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000. Margin Against Share is available Online IPO, FPO, Bonds, and NCD's are available. Good-Till-Triggered (GTT) orders are available.
Cons	Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services. Classic account holders cannot trade Commodities, as the segment has to be activated separately. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.	Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades. Doesn't offer unlimited trading plans. Doesn't offer margin funding for delivery trades. Doesn't offer stock tips or recommendations. Doesn't offer a 3-in-1 account. Doesn't offer 24/7 customer support. Doesn't offer API access for automated trading. Doesn't offer NRI Trading and Demat account. Doesn't offer BTST Doesn't offer digital gold. Call-and-trade fee is Rs 20 per executed order extra. Automatic settlement charges an additional Rs 50 per executed order. Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	Upstox Special Offer Exclusive offer by Upstox Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades. Pay Rs 0 commission for Mutual Funds. It is a limited-time offer. Open Instant Account and start trading the same day.
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