Compare Anand Rathi and Upstox to find the best stock broker for your trading needs. Anand Rathi, a full-service broker, offers research and advisory, portfolio management, and multiple investment options, while Upstox, a discount broker, provides a tech-driven, low-cost trading experience. Discover their brokerage charges, platform features, leverage, and more to make an informed decision.
About Anand Rathi
Founded in 1994, Anand Rathi is a full-service brokerage firm in India, offering a comprehensive range of investment services. It provides broking services across equities, commodities, IPOs, currency, derivatives, structured products, bonds, and smart baskets. Additionally, Anand Rathi offers services such as insurance, corporate deposits, loans, portfolio management, research and advisory, margin funding, and loan against shares.
About Upstox
Upstox is a discount brokerage firm launched in 2012 with a tech-first approach, providing low-cost trading solutions. It enables trading in equities, commodities, currency, futures, and options through its Upstox Pro Web and Upstox Pro Mobile platforms. Upstox is backed by investors like Kalaari Capital, Ratan Tata, and GVK Davix. The platform offers advanced trading features, including charting tools, analysis options, and strategy builders.
Anand Rathi Vs Upstox: Broker Comparison
| Feature | Anand Rathi | Upstox |
|---|---|---|
| Type of Broker | Full-Service Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 1994 | 2012 |
| Number of Branches | 1200+ | 4 |
Account Opening & AMC Charges
| Feature | Anand Rathi | 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 532 (1st Year Free) | Rs 150 |
Brokerage Charges
| Account Type | Anand Rathi | Upstox |
|---|---|---|
| Equity Delivery | 0.20% | Rs 20 per executed order or 2.5% (whichever is lower) |
| Equity Intraday | 0.02% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Equity Futures | 0.02% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Equity Options | Rs 50 per lot | Rs 20 per executed order |
| Currency Futures | 0.02% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Currency Options | Rs 20 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 100 per lot | Rs 20 per executed order |
Leverage (Margin) Comparison
| Feature | Anand Rathi | Upstox |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Up to 5x | Up to 5x |
| F&O (Equity, Currency, Commodity) | 1x | 1x |
Trading Platform Features
| Feature | Anand Rathi | Upstox |
|---|---|---|
| Trading Platforms | TradeMobi, Trade Xpress+, Tr@de X’pro | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader |
| Automated Trading | Yes | Yes |
| SMS Alerts | Yes | No |
| Online Portfolio | Yes | No |
| Margin Trading Funding | Yes | Yes |
| Referral Program | Yes | Yes |
Pros & Cons
Anand Rathi
Pros:
- Extensive branch network across India.
- Wide range of investment products.
- Free call & trade service.
- Strong research and advisory services.
Cons:
- Higher brokerage fees compared to discount brokers.
- No 3-in-1 account.
- Higher Demat AMC charges.
Upstox
Pros:
- Zero brokerage on Mutual Fund investments.
- Flat Rs 20 per trade for all segments.
- Tech-driven trading platform.
- Low account opening and maintenance charges.
Cons:
- No 3-in-1 account.
- No stock recommendations.
- Limited customer support.
- Higher call & trade charges (Rs 20 per trade).
Final Verdict: Anand Rathi vs Upstox
- Choose Anand Rathi if you need a full-service broker with research and advisory services, portfolio management, and a strong physical presence.
- Choose Upstox if you prefer a low-cost, technology-driven trading experience with flat brokerage fees and advanced trading tools.
For detailed insights, brokerage calculators, and exclusive offers, visit thesharebrokers.com today!