Compare Upstox and BlinkX to find the best discount broker for your trading needs. Explore their brokerage charges, account opening fees, trading platforms, margin offerings, and more. Make an informed decision with our in-depth review of Upstox vs BlinkX.
About Upstox
Upstox is a technology-driven discount brokerage firm in India that provides affordable trading services across multiple segments, including equities, commodities, currency, futures, and options. With its Upstox Pro Web and Upstox Pro Mobile platforms, traders get access to advanced features such as charting, analysis, and strategy-building tools. Upstox is backed by notable investors, including Kalaari Capital, Ratan Tata, and GVK Davix.
About BlinkX
Launched in 2022, BlinkX is a new-age discount brokerage offering various financial products and services, including equity, currency, derivatives, IPOs, mutual funds, and margin funding. Its flagship BlinkX Trading App provides a user-friendly investment experience with intelligent portfolio tracking, expert research, smart recommendations, and daily market updates. BlinkX also offers free account opening and maintenance fees for the first year.
Upstox Vs BlinkX Overview
| Feature | Upstox | BlinkX |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | BSE, NSE, MCX | BSE, NSE |
| Year of Incorporation | 2012 | 2022 |
| Number of Branches | 4 | 0 |
Upstox Vs BlinkX Charges & AMC
| Charge Type | Upstox | BlinkX |
|---|---|---|
| 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 150 | Rs 300 (Free for 1st year) |
Upstox Vs BlinkX Brokerage Comparison
| Segment | Upstox | BlinkX |
|---|---|---|
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is lower | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | Rs 0 (Free) |
| Equity Futures & Options | Rs 20 per executed order | Rs 0 (Free) |
| Currency Futures & Options | Rs 20 per executed order | Rs 0 (Free) |
| Commodity Futures & Options | Rs 20 per executed order | Not available |
Upstox Vs BlinkX Leverage (Margin)
| Segment | Upstox | BlinkX |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin (Span + Exposure) | 100% of NRML margin (Span + Exposure) |
Upstox Vs BlinkX Features
| Feature | Upstox | BlinkX |
|---|---|---|
| Trading Platforms | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS & Android Apps | BlinkX Trading App |
| Charting & Analysis | Yes | Yes |
| Automated Trading | Yes | No |
| SMS Alerts | No | Yes |
| Online Portfolio | No | Yes |
| Margin Trading Funding | Yes | Yes |
| Intraday Square-off Time | 3:00 PM | 3:10 PM |
| Trading in SME Shares | Yes | No |
| Referral Program | Yes | No |
Upstox Vs BlinkX Investment Options
| Investment Option | Upstox | BlinkX |
|---|---|---|
| Stock / Equity | Yes | Yes |
| Commodity | Yes | No |
| Currency | Yes | Yes |
| IPO | Yes | Yes |
| Mutual Funds | No | Yes |
| Debt Instruments | No | Yes |
Upstox Vs BlinkX Pros & Cons
Upstox Pros
- Zero account opening fees
- Flat Rs 20 per trade across all segments
- Advanced trading platforms with analysis tools
- Margin Trading Facility (MTF) at Rs 20/day
- Good-Till-Triggered (GTT) orders available
Upstox Cons
- No unlimited trading plans
- No stock tips or research recommendations
- Higher Demat debit transaction charges
- Call & trade fee of Rs 20 per order
BlinkX Pros
- Zero brokerage on all segments
- Monthly unlimited trading plans
- Free mutual fund investments
- Dedicated research calls & market insights
- 24/7 live chat support
BlinkX Cons
- Only supports mobile trading, no web or terminal platform
- No Good Till Cancelled (GTC) orders
- No automated trading or API access
Final Verdict: Which One to Choose?
- Choose Upstox if you prefer advanced trading tools, a well-established broker with multiple platforms, and don’t mind paying a flat brokerage fee.
- Choose BlinkX if you are looking for zero brokerage, unlimited trading plans, and a simplified mobile-first trading experience.