Trading and investing in stocks is becoming more and more popular. Especially in small and growing tier 2 and tier 3 cities. Traders who are looking for actively trading in Indian stock markets are now looking for many dimensions. That can help them improve their trading experience. So knowing which is the best stock broker in India can solve many of the trading problems.
We have done a thorough study of which broker is best for trading in India and found 2 best brokers. Upstox and Samco are both discount brokers, which means they offer brokerage services at the most affordable price.
Best stock brokers for Trading:
| Upstox | Samco | |
|---|---|---|
| Brokerage | Rs.20 per executed order in F&O. and Free for equity delivery. | Rs.20 per executed order in F&O. and Free for equity delivery. |
| Desktop App | Yes | Yes |
| Mobile App | Yes | Yes |
| Margin - Cash | 25 times | 20 times |
| Margin - Futures | 10 times | 5 times |
| Margin - Option Selling | 6 times | 2 times |
| Call and Trade | Yes | Yes |
| Option Chain | Yes | No |
| Trade from Chart | Yes | Yes |
| Bracket Order | Yes | Yes |
| Cover Order | Yes | Yes |
| Auto Square off | Yes (at 3.15pm) | Yes (anytime after 3.00pm) |
| Refer a Friend | Yes | Yes |
| Customer Support | Excellent | Good |
| Account Opening with Aadhaar | Yes (activated in 2 hours) | Yes (activated in 48 hours) |
| Algo Trading | Yes | Yes |
| Deep OTM Option Selling | Yes | No |
| Platform Stability | Highly Stable | Not stable |
| Collateral as Margin | Yes (with 60% haircut) | Yes |
| Mutual Funds | Yes | Yes |
| Account Opening Fee | Depends on Segment. | Rs.300 |
| Over All Rating | 4.5/5 | 3/5 |
Of these both brokers, Upstox is a clear winner. Open a trading account with us and we will add you to our WhatsApp group and telegram channel. We share 1 trading call on banknifty option daily. We will add you to these groups if you open a trading account with us on upstox. Use this link to open an account at Upstox. Also, contact us on +91-9970777789 for free account opening and brokerage credit coupon codes.
Upstox is funded by Ratan Tata, so it is one of the largest stockbrokers with a reliable track record. Those who open an account with our link, we provide them with a discount on our technical analysis courses.
About
Trading with upstox is way better than zerodha… I am currently trading with upstox for almost 3 years now and service has improved a lot and wont look to move back to zerodha..
Upstox is better for trading in options as it provides more margin in selling options than zerodha.
I usually trade on the day of expiry by selling option for credit premium.
zerodha is not technically stable. I have seen multiple instances where zerodha kite was stuck and was unable to place or exit from a trade. Resulting heavy losses where i would have made small profits.
Upstox is way better than zerodha, platform is very stable and didnt see any connectivity issue.
I was trading with sharekhan, but switched to upstox and saving a lot of money on brokerage, You can open upstox account online within 2 hours.
samco was good previously but now upstox is way better than all these discount brokers
Upstox is best for trading in index options. Especially on the day of expiry selling options is helping me to make real money.
I have traded with many brokers previously, but no one beats upstox
I am looking to open an account with zerodha, as they are best discount brokers. I have previously traded with india infoline. They are very costly compared to zerodha.
upstox is really good for option writing, with 1 lakh capital. I am able to sell 8 lots of bank nifty options or 10 lots of nifty option for intraday trading. Which is more than any other discount broker.
I am trading with upstox when it was know as RKSV. I have been a F&O trader and very impressed with their platform and services. Trust me they are the best in the industry. Trading with upstox was one of the best decision i have ever take.
For selling nifty and banknifty options i was getting good margins. I trade these options by writing them, for writing options you dont have to pay cash, you can use collateral as margin for selling.
Trading in stock market needs good and reliable stock broker. I have traded with many full service brokers, but upstox was the only discount broker then. My first trade was on 2016 and since then I have been extremely satisfied with them.
Margin on intraday are same as many major brokers provide, I mostly trade banknifty and nifty options.
Bhaveek,
can you help me to open a trading account at upstox?
I have email you my details.
Upstox plans are good as compared to zerodha or samco. I have traded with zerodha and they have connectivity issue like every day or the other.
Zerodha services are good, but their platform is not stable. so i wanted to move to upstox, upstox is onle of the startups where Ratan Tata has made investment.
Upstox is providing better services than other discount brokers. They charge less margins for intraday trade. I can sell nifty options for 12,000 as margin. This is way less than other brokers. I highly recommend upstox.
Upstox is still the top most broker in the industry. I still remember when i started trading with upstox in 2014 and has seen nice improvements in the journey.
I am nifty futures trader look for swing trading, for me brokers like upstox was like a miracle.
Pros:
+best margin
+good customer support
+best software
+lowest brokerage
+collateral as margin
+referral income
+brokerage calculator
+easy to trade
Cons:
Didnt see any as of today.
Check Religare, India infoline, angel broking, motilal oswal, icicidirect, sbi capital, hdfc securities, nirmal bang and many more. But they cannot offer brokerage as low as upstox which is just Rs20 per order.
I have started trading with 20 lakhs, low brokerage at upstox has brought down my breakeven point. Which is why i am making money in stocks.
Brokerage of upstox is just Rs20 which is unbelievable. Trading and making money being full time trader is now possible only because of this broker.
Can someone help me to open a demat account at upstox?
I am looking for investing 10000 rupees in small shares. Rs.2-5 per share.
i have account at both upstox and samco. But i see upstox as always provided margin benefits better than all discount brokers.
Upstox provides trading directly from options chain, other brokers are not even closer to them.
I am investor, was with icicidirect but switched after I came to know about upstox. Upstox offers 0 (zero) brokerage for investments, where as icicidirect was charging me 0.75% on buy and 0.75 on selling shares.
Now i am saving a lot of brokerage. being a small investor i have paid more than 10000 brokerage to icicidirect with my account being just 200000.
I am interested in algo trading. Do upstox provide algo trading facility? If yes, then help me open a trading account.
Regards,
Rahul
how much margin will i get for nifty future on upstox with 1 lakh capital. Intraday trading only.
does upstox provide max pain and change in open interest levels. If yes then i am interested in opening a trading account with you.
what is capital requirement for trading in nifty future and banknifty future for buying 1 lot each for intraday trading?
Also do you give margin for positional trading in index futures?
options trading buying margin provided for intraday or just full margin is required?
I am with nirmal bang and they charge high brokerage per lot in options.
if upstox is best broker then why no ads on TV or newspaper?
my current broker is angel broking and i see it has branches everywhere in india. but no branches of upstox in my city.
I am new to stock market, how much money is needed for actively trading in shares?
i was looking to start with 10000 is it enough with upstox?
i have demat account with icicidirect and have few shares as holding. so can i link my same account with upstox or do i have to open a new demat account?
awaiting for your reply.
do you at upstox convert the physical shares certificate into demat form?
i need to do this before december 2018.
options trading brokerage is per lot or per executed order. As my current broker charges 45 rs per lot which is very high if i buy nifty options 50 lots then i have to pay more than 2200 rs as brokerage.
what is demat + trading account opening fees for upstocx? i am interested also add me to your whatsapp group.
zerodha is also good broker, you can add them to comparison table. I am with zerodha currently. but looking at margins upstox seems to be attractive.
do you provide portfolio management service?
upstox has better margins as compared to all the discounted brokerages. also brokerages are same, customer support is good and fast. my experience with upstox is great.
samco was good previously, but upstox has gained a lot of ground after the company improved trading experience. i have been trading with upstox for almost 10 months now and everything is going smooth.
how much time will it take to open a trading account at upstox using my Aadhaar number?
also can i immediately start referring my friends to upstox for commission?
i have checked 3 brokers upstox, samco and zerodha. But i have seen zerodha faces a lot of connectivity issues and platform becomes unusable. when i had open trade and wanted to close that trade platform became unusable and so i called customer support. Even there i had to wait for 8-10 minutes to connect to a support staff.
Eventually i made huge loss on a trade which was in big profit at some point in time. So zerodha is no more a choice. Samco is not advance in platform, so out of the race.
Now Upstox is also a discount broker, i have started with small capital just to check the platform stability. it is more stable didnt see any downtime or connectivity issues. Margins also better than zerodha.
SO I HIGHLY RECOMMEND TO GO WITH UPSTOX.
Thanks for sharing the post. The way you narrated the post is good and understanding. To my point of view, upstox plays a major role and provides better margins when compared to zerodha. Please let me know for the upcoming posts.