Upstox vs Achiievers – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Achiievers here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Achiievers.

Background

Year of Incorporation 2010 1999
Website https://upstox.com/ https://www.achiieversequitiesltd.com/
Phone 022-41792999 +91-33-6606-3000
Exchanges enabled NSE, BSE & MCX NSE, BSE, & MCX
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery Rs 15 or 0.05% per executed order
Equity Futures Rs 20 or 0.05% per executed order Rs.15 per executed order
Equity Options Rs 20 or 0.05% per executed order Rs.15 per executed order
Currency Futures Rs 20 or 0.05% per executed order Rs.15 per executed order
Currency Options Rs. 20 per lot Rs.15 per executed order
Commodity Rs 20 per executed order Rs.15 per executed order
Account Opening Costs

Trading only Free Rs 750
Trading & Demat Zero Rs 750
Commodity Zero Rs 300
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.0035% of Turnover
Futures 0.0021% on Turnover 0.0039% of Turnover
Options 0.059% on Premium Turnover 0.075% of Premium Turnover
Commodities 0.0036% on Turnover 0.0046% of Turnover
AMC charge Zero Free
DP Transaction Charge Rs 18.5 per debit transaction Rs 12 + Rs 5.5 per scrip
Offline order placing Charge Rs 25 per order placed on the phone Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 5 Days on NOW & 5 Day on ODIN (MCX)
End of Day 10 years 10 years NOW & 5 years on ODIN (MCX)
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 5x on Intraday and Upto 1x on Delivery Upto 2x for Delivery & Upto 5x for Intraday
Equity Futures Upto 4x for intraday Upto 3x
Equity Options Buying no leverage, shorting upto 4x for intraday Upto 3x
Currency Futures Upto 4x for intraday Upto 2x
Currency Options Buying no leverage, shorting upto 4x for intraday Upto 2x
Commodity Upto 3x for intraday Upto 2x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 0 Rs 19 Lakhs
Profit after Tax FY12/13 0 Rs 1.1 Lakh
Profit after Tax FY13/14 0 Rs 1.9 Lakhs
Profit after Tax FY 14/15 0 Rs 4.9 Lakhs
Profit after Tax FY 15/16 0 Rs 5.3 Lakhs
Profit after Tax FY 16/17 0 Rs 5.9 Lakhs
Profit after Tax FY 17/18 0 Rs 22.18 Lakhs
Profit after Tax FY 18/19 0 Rs 29.26 Lakhs
Profit after Tax FY 19/20 0 Rs 38 Lakhs
Profit after Tax FY 20/21 0 Rs 55 Lakhs
Profit after Tax FY 21/22 0 Rs 70 Lakhs
Profit after Tax FY 22/23 Rs 25 Crores Rs 93 Lakhs
Debt FY11/12 0 Rs 54.7 Lakhs
Debt FY12/13 0 Rs 60.3 Lakhs
Debt FY13/14 Rs 15.38 Crores Rs 71.9 Lakhs
Debt FY14/15 Rs 25.77 Crores Rs 1.5 Crores
Debt FY15/16 Rs 52.13 Crores Rs 1.8 Crores
Debt FY16/17 Rs 108.44 Crores Rs 2.1 Crores
Debt FY17/18 Rs 112.87 Crores Rs 2.4 Crores
Debt FY18/19 Rs 143.11 Crores Rs 2.7 Crores
Debt FY19/20 Rs 193.56 Crores Rs 2.9 Crores
Debt FY20/21 Rs 283.91 Crores Rs 3.3 Crores
Debt FY21/22 Rs 374.18 Crores Rs 3.7 Crores
Debt FY22/23 Rs 439.40 Crores Rs 4.1 Crores
Profit to Equity(%) FY11/12 0 10.35%
Profit to Equity(%) FY12/13 0 10.26%
Profit to Equity(%) FY13/14 0 12.41%
Profit to Equity(%) FY14/15 0 14.00%
Profit to Equity(%) FY15/16 0 18.45%
Profit to Equity(%) FY16/17 0 20.01%
Profit to Equity(%) FY17/18 0 21.45%
Profit to Equity(%) FY18/19 1.99% 23.99%
Profit to Equity(%) FY19/20 6.54% 26.17%
Profit to Equity(%) FY20/21 8.01% 23.55%
Profit to Equity(%) FY21/22 10.58% 24.98%
Profit to Equity(%) FY22/23 11.15% 24.22%
Balance Sheet Size FY11/12 Rs 2316.23 Crores Rs 7.23 Crores
Balance Sheet Size FY12/13 Rs 2825.10 Crores Rs 8.81 Crores
Balance Sheet Size FY13/14 Rs 3532.97 Crores Rs 13.6 Crores
Balance Sheet Size FY14/15 Rs 4248.78 Crores Rs 17.1 Crores
Balance Sheet Size FY15/16 Rs 4349.94 Crores Rs 17.55 Crores
Balance Sheet Size FY16/17 Rs 4550.25 Crores Rs 17.87 Crores
Balance Sheet Size FY17/18 Rs 4858.87 Crores Rs 18.25 Crores
Balance Sheet Size FY18/19 Rs 5163.55 Crores Rs 18.99 Crores
Balance Sheet Size FY19/20 Rs 5375.90 Crores Rs 19.23 Crores
Balance Sheet Size FY20/21 Rs 5889.52 Crores Rs 19.75 Crores
Balance Sheet Size FY21/22 Rs 6005.55 Crores Rs 19.99 Crores
Balance Sheet Size FY22/23 Rs 6316.10 Crores Rs 20.43 Crores

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Frequently Asked Questions

Which is better, Upstox or Achiievers?

Upstox Securities and Achiievers are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Upstox and Achiievers offer mobile trading apps?

Yes, both Upstox Securities and Achiievers provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Achiievers and Upstox?

The account opening charges by brokers Upstox and Achiievers for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Upstox and Achiievers are SEBI-registered brokers with good reputations. Upstox is known for its trading platforms, while Achiievers is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Upstox and Achiievers offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.