Looking to choose between Geojit and Upstox? Our detailed comparison covers everything from brokerage charges, account fees, trading platforms, investment options, research reports, and more. Whether you’re an active trader or a casual investor, this guide will help you make an informed decision. Compare features, pros and cons, and find the best broker for your needs!
About Geojit
Geojit Financial Services Ltd., incorporated in 1987, is a full-service stockbroker based in India. Headquartered in Kochi, Kerala, Geojit has a strong presence in India and the Gulf region. The firm specializes in cash equity and derivatives trading and has extensive experience in portfolio management services, as well as the distribution of financial products like mutual funds and life insurance. Geojit provides trading services on NSE and BSE through a robust network of around 500 branches and state-of-the-art online trading platforms.
About Upstox
Founded in 2012, Upstox is a technology-driven discount brokerage firm offering cost-effective trading solutions. Upstox provides trading in equities, commodities, currencies, futures, and options through its advanced trading platforms – Upstox Pro Web and Upstox Pro Mobile. The firm is backed by investors such as Kalaari Capital, Ratan Tata, and GVK Davix. Upstox offers powerful tools for trading, analysis, and charting, making it a popular choice for traders. for more details please visit
Geojit Vs Upstox: Overview
| Feature | Geojit | Upstox |
|---|---|---|
| Type of Broker | Full-Service Broker | Discount Broker |
| Exchange Membership | BSE, NSE, MCX-SX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 2012 |
| Number of Branches | 509 | 4 |
Geojit Vs Upstox: Charges & AMC
| Feature | Geojit | 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 per year | Rs 150 per year |
Geojit Vs Upstox: Brokerage Charges
| Account Type | Geojit Online Traditional Plan | Upstox Default Plan |
|---|---|---|
| Equity Delivery | 0.30% | Rs 20 per executed order or 2.5% (whichever is lower) |
| Equity Intraday | 0.03% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Equity Futures | 0.01% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Equity Options | Rs 50 per lot | Rs 20 per executed order |
| Currency Futures | 0.01% | Rs 20 per executed order or 0.05% (whichever is lower) |
| Currency Options | Rs 50 per lot | Rs 20 per executed order |
| Commodity Futures | NA | Rs 20 per executed order or 0.05% (whichever is lower) |
| Commodity Options | NA | Rs 20 per executed order |
Geojit Vs Upstox: Leverage (Margin)
| Feature | Geojit | Upstox |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | Up to 20% of trade value (5x) | Up to 20% of trade value (5x) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin (1x) | 100% of NRML margin (1x) |
Geojit Vs Upstox: Trading Platforms
| Feature | Geojit | Upstox |
|---|---|---|
| Trading Platforms | Selfie Platinum, Selfie Gold, Mobile App | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS & Android Algola |
| Charting | Yes | Yes |
| Automated Trading | No | Yes |
| SMS Alerts | Yes | No |
| Online Portfolio | Yes | No |
| Referral Program | No | Yes |
| Margin Trading Funding | Yes | Yes |
Geojit Vs Upstox: Research & Reports
| Feature | Geojit | Upstox |
|---|---|---|
| Daily Market Report | Yes | No |
| Free Tips | Yes | No |
| Quarterly Result Analysis | Yes | No |
| News Alerts | Yes | No |
Geojit Vs Upstox: Pros and Cons
Pros: Geojit Vs Upstox
Geojit
- Free research and recommendations.
- Free account opening.
- Rs 20 per trade Intraday brokerage in GTrade Max plan.
- Strong branch network (over 500 branches across India).
- Offices in UAE, Oman, Bahrain, and Kuwait for NRI investors.
- Advanced online trading platforms.
Upstox
- Zero account opening fees.
- Zero brokerage for Mutual Fund investments.
- Flat Rs 20 per trade brokerage for all segments, including equity delivery.
- Feature-rich trading platforms with direct mutual fund investments.
- Good-Till-Triggered (GTT) orders available.
- One app for equity, currency, and commodity trading.
Cons: Geojit Vs Upstox
Geojit
- Higher brokerage compared to other full-service brokers.
- Minimum brokerage charges of Rs 20 per lot or 1 paisa per share.
Upstox
- No margin funding for delivery trades.
- No stock tips or research reports.
- No 3-in-1 account option.
- No 24/7 customer support.
- Higher Demat debit transaction charges.
- Auto square-off charges of Rs 50 per order.
Final Verdict
Geojit is a great choice for investors who require full-service brokerage support, research reports, and personalized customer service. It is ideal for long-term investors and NRIs. On the other hand, Upstox is a cost-effective platform suited for active traders looking for low brokerage and advanced trading features.