Upstox⭐ 9.2/10
SBI Securities⭐ 8.0/10Upstox vs SBI Securities Comparison
Compare brokerage charges, trading platforms, technical features, pros, cons, and account opening times to see which Demat account is best for you.
Upstox is the Clear Winner
Upstox is the superior choice for most traders and investors due to its higher overall rating of 9.2/10 compared to SBI Securities's 8.0/10. Key strengths include Backing of top investors and A powerful, tech-first platform backed by Ratan Tata..
📊 Charges & Pricing Comparison
| Fee / Segment | Upstox | SBI Securities |
|---|---|---|
| Account Opening Fee | Free | Rs 850 (approx) |
| Account AMC (Annual) | Rs 150 / year | Rs 750 / year |
| Equity Delivery | Rs 20 or 0.1% | 0.50% |
| Intraday Brokerage | Rs 20 or 0.05% | 0.05% |
| Futures & Options | Rs 20 per order | Rs 50 per order (approx) |
| Commodity Trading | Rs 20 per order | N/A |
| Other / DP Charges | Standard DP charges | Extensive full-service charges |
| Account Opening Time | 10 Minutes | 24 Hours |
💻 Trading Tools & Platforms
| Platform Feature | Upstox | SBI Securities |
|---|---|---|
| Margin Trading (MTF) | ✅ Available | ✅ Available |
| Advisory & Tips | ❌ No | ✅ Yes |
| Trading API Access | ✅ Free API | ❌ No |
| Advanced Charts | ✅ Yes | ❌ No |
| Web Interface | Modern, fast, browser-based trading platform with TradingView charts. | Modern, fast, browser-based trading platform with TradingView charts. |
| Mobile Trading App | Highly rated mobile app available on iOS and Android with biometric login. | Highly rated mobile app available on iOS and Android with biometric login. |
Upstox Pros & Cons
Pros
- ✅ Backing of top investors
- ✅ Fast order execution
- ✅ Pro and Invest modes in app
Cons
- ❌ Customer support can be slow
- ❌ Delivery is not completely free
SBI Securities Pros & Cons
Pros
- ✅ Immense trust factor
- ✅ Seamless 3-in-1 account integration
- ✅ Relationship manager service
Cons
- ❌ Very high brokerage costs (percentage based)
- ❌ Outdated legacy technology
❓ FAQs: Upstox vs SBI Securities
Which is cheaper between Upstox and SBI Securities?
Upstox charges Rs 20 or 0.1% for delivery trades and Rs 20 or 0.05% for intraday, with an AMC of Rs 150 / year. Meanwhile, SBI Securities charges 0.50% for delivery and 0.05% for intraday, with an AMC of Rs 750 / year. In terms of onboarding costs, Upstox is Free compared to SBI Securities's Rs 850 (approx).
Who has a better mobile app: Upstox or SBI Securities?
Upstox's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". In comparison, SBI Securities's mobile app offers: "Highly rated mobile app available on iOS and Android with biometric login.". If you require advanced charting tools directly on your phone, both platforms support TradingView integrations but execution layouts vary.
Is Upstox safer to use than SBI Securities?
Both Upstox and SBI Securities are SEBI-registered brokers regulated in India, meaning your shares are safely held with central government-backed depositories (NSDL/CDSL). However, Upstox has a rating of 9.2/10, reflecting their complaint ratio and client size, while SBI Securities has a rating of 8.0/10.