Upstox vs Dhan vs Shoonya
In this article, we will review ‘Upstox vs Dhan vs Shoonya‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
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| Product Name |
Upstox app review India in 2024: Brokerage Charges list, AMC & RatingDhan app review & chargesShoonya Finvasia Brokerage charges Review |
| Product Image |
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| Price | |
| Our Rating | |
| Brand | Upstox Dhan Shoonya |
| Category | Stock brokers Stock brokers Stock brokers |
Company Overview
   |
|
| Company name | Upstox- RKSV Securities India Private Limited (RSIPL) Dhan Shoonya by Finvasia |
| Headquarters | Delhi Mumbai Mumbai |
| Founder | Ravi Kumar Mr Pravin Jadhav Sarvjeet Singh Virk and Tajinder Singh Virk |
| Establishment Year | April 6, 2009 2021 2009 |
Account opening & AMC
|
|
| Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. | ₹0 ₹0 ₹0 |
| Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. | ₹0 ₹0 ₹0 |
Pledge Charges
|
|
| Pledge Creation Charges | ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only ₹ 12.5 / transaction / ISIN + GST ₹20 |
| Pledge Invocation Charges | ₹50 + GST per scrip for unpledging ₹ 12.5 / transaction / ISIN + GST ₹20 |
| Interest on Margin Trading | ₹20/day for every slab of ₹40,000 taken as MTF 0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin Does not provide |
| Margin Re-Pledge | ₹20 + GST per scrip for Equity ₹ 12.5 / transaction / ISIN + GST ₹20 |
Brokerage charges & Fees
|
|
| Brokerage Plan | Standard Standard Standard account |
| Equity Delivery Charges | ₹20 or 2.5% whichever is lower ₹0 ₹0 |
| Equity Intraday Charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order whichever is lower ₹0 |
| Equity Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order whichever is lower ₹0 |
| Equity Options charges | Flat ₹20 per executed order ₹20 per executed order ₹0 |
| Currency Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order whichever is lower ₹0 |
| Currency Options charges | Flat ₹20 per executed order ₹20 per executed order ₹0 |
| Commodity Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order whichever is lower ₹0 |
| Commodity Options charges | Flat ₹20 per executed order ₹20 per executed order ₹0 |
Customer services offered
|
|
| Demat Services |
 Yes
Yes
Yes
|
| Trading Services |
Yes
Yes
Yes
|
| Intraday Services |
Yes
Yes
Yes
|
| F&O Services |
Yes
Yes
Yes
|
| IPO Services |
Yes
Yes
Yes
|
| Share Pledging |
Yes
Yes
Yes
|
| NRI Services |
Yes
Yes
 No
|
| Referral Program |
Yes
Yes
Yes
|
Customer Support
|
|
| Call Support | 022-41792999: All Trading Days – 8 am to 5 pm +91 9987761000 (9:00 am to 6:00 pm on Market Trading days) +91 1726 750 000, +91 9779 097 777 |
| Email Support | support@upstox.com: All Trading Days – 8 am to 5 pm help@dhan.co (24x7) clientsupport@shoonya.com |
| Whatsapp Support |
No
No
No
|
| Website Support |
Yes, 8AM - 7PM IST, Monday - Saturday
Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday)
Yes, Chat support
|
Leverage (Margin) Offered
|
|
| Equity Delivery Margin Leverage | No leverage available; you need the full purchase value in your account. Upto 1.39x depending on the stock (lower leverage for volatile stocks) No leverage available; you need the full purchase value in your account. |
| Equity Intraday Margin Leverage | Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks) Upto 4x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks) |
| Equity F&O Intraday Margin Leverage | Leverage is 1.3x across all Equity F&O contracts No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Equity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Currency F&O Margin Leverage | Leverage is 1.3x across all Currency F&O contracts No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Commodity F&O Intraday Margin Leverage | Leverage is 1.3x across all Commodity F&O contracts No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Commodity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
Unique Offerings
|
|
| Free Account Opening |
Yes
Yes
Yes
|
| Free Brokerage |
On Mutual Funds and IPOs only
Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only
Yes
|
| Free AMC |
Yes
Yes
Yes
|
| Free Equity Delivery |
No
Yes
Yes
|
| Free F&O Trading |
No
No
Yes
|
| Free Intraday Trading |
No
No
Yes
|
| Free Trading calls |
No
No
No
|
| Happy Trading Hours |
No
No
No
|
| Flexible Brokerage Plans |
No
Yes
Yes
|
| Referral Offers |
Yes
Yes
Yes
|
| Margin Funding (MTF)/ Pledging |
Yes
Yes
No
|
| Brokerage Cashback |
No
No
No
|
| Zero Brokerage for Loss Making Trades |
No
No
No
|
| Relationship Manager |
No
No
No
|
Services Provided
|
|
| Equity Delivery |
Yes
Yes
Yes
|
| Equity Intraday |
Yes
Yes
Yes
|
| Equity Futures |
Yes
Yes
Yes
|
| Equity Options |
Yes
Yes
Yes
|
| Currency Futures |
Yes
Yes
Yes
|
| Currency Options |
Yes
Yes
Yes
|
| Commodity Futures |
Yes
Yes
Yes
|
| Commodity Options |
Yes
Yes
Yes
|
| Foreign Stocks |
No
No
No
|
| Mutual Funds |
Yes
Yes
Yes
|
| Banking |
No
No
No
|
| Insurance |
No
No
No
|
| Corporate Bonds |
No
No
No
|
| Govt. Bonds |
No
No
No
|
| Digital Gold |
No
No
No
|
Order Types
|
|
| Market Order |
Yes
Yes
Yes
|
| Limit Order |
Yes
Yes
Yes
|
| Bracket Order |
Yes
Yes
Yes
|
| Cover Order |
Yes
Yes
Yes
|
| After Market Order (AMO) |
Yes
Yes
Yes
|
| Good Till Cancelled (GTC) |
Yes
Yes
Yes
|
| Buy Today Sell Tomorrow (BTST) |
No
Yes
No
|
| Sell Today Buy Tomorrow (STBT) |
No
No
No
|
Research & Reports
|
|
| Annual Reports |
No
Yes
No
|
| Company Reports |
Yes, Basic only
Yes
No
|
| Research Reports |
No
No
No
|
| Fundamental Reports |
Yes, Basic only
No
No
|
| IPO Reports |
Yes
Yes
Yes
|
| Technical Reports |
Yes, Basic only
Yes
No
|
| Stock tips |
No
No
No
|
| Daily Market Review |
Yes
No
Yes
|
| Monthly Review |
Yes
Yes
No
|
| Weekly Review |
Yes
No
No
|
| Robo Advisory |
No
No
No
|
STT & CTT Charges
|
|
| Equity Delivery STT & CTT | 0.1% on buy & sell 0.1% on buy & sell 0.1% on buy & sell |
| Equity Intraday STT & CTT | 0.025% on the sell side 0.025% on sell transactions 0.025% on the sell side |
| Equity Futures STT & CTT | 0.0125% on sell side 0.0125% on sell side 0.0125% on sell side |
| Equity Options STT & CTT | 0.0625% on sell side (on premium) 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.0625% on sell side (on premium) |
| Currency Futures STT & CTT | No STT No STT No STT |
| Currency Options STT & CTT | No STT No STT No STT |
| Commodity Futures STT & CTT | 0.01% on sell trade (Non-Agri) 0.01% on sell side 0.01% (of Selling Value) |
| Commodity Options STT & CTT | 0.05% on sell trade 0.05% on sell side 0.05% (of Selling Value) |
Trading Features
|
|
| Watchlist |
Yes
Yes
Yes
|
| Real Time Updates |
Yes
Yes
Yes
|
| Portfolio Details |
Yes
Yes
Yes
|
| Price Alert |
Yes
Yes
Yes
|
| Online Mutual Fund Buy |
Yes
Yes
Yes
|
| Global indices |
No
No
No
|
| Customized Recommendations |
No
No
No
|
| Advanced charting |
Yes
Yes
Yes
|
| Live market |
Yes
Yes
Yes
|
| Multiple Profile Management |
No
No
No
|
| Secure Platform |
Yes
Yes
Yes
|
Trading Platforms
|
|
| Android App |
Yes
Yes
Yes
|
| iOS App |
Yes
Yes
Yes
|
| Web Trading Platform |
Yes
Yes
Yes
|
| Trading Terminal |
Yes
Yes
Yes
|
| Algo Trading Platform |
Yes
Yes
Yes
|
| Foreign Stocks Trading Platform |
No
No
No
|
| Basket Trading Platform |
Yes
Yes
Yes
|
| Mutual Fund Investment Platform |
Yes
Yes
Yes
|
| Digital Gold Investment Platform |
No
No
No
|
| Bonds Investment Platform |
No
No
No
|
Transaction Charges
|
|
| Equity Delivery Transaction Charges | NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group BSE: 0.00375%, NSE: 0.00325% 0.00325% |
| Equity Intraday Transaction Charges | NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group BSE: 0.00375%, NSE: 0.00325% 0.00325% |
| Equity Futures Transaction Charges | NSE Exchange turnover charge: 0.0019%. BSE: Nil NSE: 0.0019%, BSE: 0 (Zero) Exchange txn charge: 0.0019% |
| Equity Options Transaction Charges | NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium) NSE: 0.05% (on premium), BSE: 0.005% (on premium) Exchange txn charge: 0.05% (on premium) |
| Currency Futures Transaction Charges | NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015% Exchange txn charge: 0.0009% |
| Currency Options Transaction Charges | NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001% NSE: 0.035%, BSE: 0.001% Exchange txn charge: 0.035% |
| Commodity Futures Transaction Charges | Non-Agri: Exchange turnover charge: 0.0026% Group A, B : 0.0026% 260/ crore |
| Commodity Options Transaction Charges | Exchange turnover charge: 0.05% 0.05% 5000/ crore |
Stamp Duty charges
|
|
| Equity Delivery Stamp Duty | 0.015% or ₹1500 / crore on buy side 0.015% on turnover of buy orders 0.015% |
| Equity Intraday Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% on turnover of buy orders 0.003% |
| Equity Futures Stamp Duty | 0.002% or ₹200 / crore on buy side 0.0125% on sell side 0.002% |
| Equity Options Stamp Duty | 0.003% or ₹300 / crore on buy side 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) 0.003% |
| Currency Futures Stamp Duty | 0.0001% or Rs 10 per crore on buy-side 0.0001% on turnover of buy orders 0.0001% on Buy Side |
| Currency Options Stamp Duty | 0.0001% or Rs 10 per crore on buy-side 0.0001% on turnover of buy orders 0.0001% on Buy Side |
| Commodity Futures Stamp Duty | 0.002% or ₹200 per crore on buy-side 0.002% on turnover of buy orders 0.002% |
| Commodity Options Stamp Duty | 0.003% or ₹300 per crore on buy-side 0.003% on turnover of buy orders 0.003% |
Other Charges
|
|
| SEBI Turnover Charges | ₹10/crore (For all segments) ₹10/Crore (For all segments) ₹10/Crore (For all segments) |
| DP Charges | ₹18.5 + GST per scrip (irrespective of quantity) ₹ 12.50 / instruction / ISIN + GST. ₹9 + GST/scrip |
| GST charges | 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat) |
| Account Closure Charges | Free Free Free |
| Reactivation Charges | Free Free Free |
| Dematerialization Charges | ₹20 per Certificate ₹150 per certificate + ₹100 courier charges ₹150 per certificate + ₹100 courier charges |
| Call and Trade charges | ₹50 + 18% GST ₹ 50 / order + GST ₹0 |
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