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Upstox vs Canara Bank – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Canara Bank 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 Canara Bank.

Background

Year of Incorporation 2010
Website https://upstox.com/
Phone 022 - 41792999
Exchanges enabled NSE, BSE & MCX
Demat (NSDL/CDSL) CDSL
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 Rs 16 Lakhs
Profit after Tax FY12/13 Rs 24 lakhs
Profit after Tax FY13/14 Rs 68 Lakhs
Profit after Tax FY 14/15 Rs 71 Lakhs
Profit after Tax FY 15/16 Rs 73 Lakhs
Profit after Tax FY 16/17 Rs 77 Lakhs
Profit after Tax FY 17/18 Rs 80 Lakhs
Profit after Tax FY 18/19 Rs 86 Lakhs
Profit after Tax FY 19/20 Rs 88 Lakhs
Profit after Tax FY 20/21 Rs 92 Lakhs
Profit after Tax FY 21/22 Rs 95 Lakhs
Profit after Tax FY 22/23 Rs 97 Lakhs
Debt FY11/12 0
Debt FY12/13 0
Debt FY13/14 Rs 1.38 Crores
Debt FY14/15 Rs 1.77 Crores
Debt FY15/16 Rs 2.13 Crores
Debt FY16/17 Rs 2.44 Crores
Debt FY17/18 Rs 2.87 Crores
Debt FY18/19 Rs 3.11 Crores
Debt FY19/20 Rs 3.56 Crores
Debt FY20/21 Rs 3.91 Crores
Debt FY21/22 Rs 4.18 Crores
Debt FY22/23 Rs 4.40 Crores
Profit to Equity(%) FY11/12 3.48
Profit to Equity(%) FY12/13 5.10
Profit to Equity(%) FY13/14 13.73
Profit to Equity(%) FY14/15 15.70
Profit to Equity(%) FY15/16 16.22
Profit to Equity(%) FY16/17 16.87
Profit to Equity(%) FY17/18 17.42
Profit to Equity(%) FY18/19 17.99
Profit to Equity(%) FY19/20 18.54
Profit to Equity(%) FY20/21 19.01
Profit to Equity(%) FY21/22 21.58
Profit to Equity(%) FY22/23 22.15
Balance Sheet Size FY11/12 Rs 6.23 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free
Equity Futures Rs 20/executed order
Equity Options Rs 20/executed order
Currency Futures Rs 20/executed order
Currency Options Rs 20/executed order
Commodity Rs 20/executed order
Account Opening Costs

Trading only Rs 250
Trading & Demat Rs 460
Commodity Rs 250
Transparency & other costs

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

Equity 0.0035% on Turnover
Futures 0.0021% on Turnover
Options 0.059% on Premium Turnover
Commodities 0.0036% on Turnover
AMC charge Trading: 0, Rs 400/year for Demat
DP Transaction Charge Rs 22/debit transaction
Offline order placing Charge Rs 25/order placed on the phone
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days
End of Day 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery
Equity Futures Upto 4 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday
Currency Futures Upto 4 times for intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday
Commodity Upto 3 times for intraday
Support & Tools

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

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Upstox Vs Competent Finman Canara Bank Vs Competent Finman
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Upstox Vs Choice Equity Broking Canara Bank Vs Choice Equity Broking
Upstox Vs Bonanza Portfolio Canara Bank Vs Bonanza Portfolio
Upstox Vs B N Rathi Canara Bank Vs B N Rathi
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Upstox Vs Beeline Broking Canara Bank Vs Beeline Broking
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Upstox Vs 5Paisa Canara Bank Vs 5Paisa
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Upstox Vs Ventura Securities Canara Bank Vs Ventura Securities
Upstox Vs Tradeplus Online Canara Bank Vs Tradeplus Online
Upstox Vs Tradejini Canara Bank Vs Tradejini
Upstox Vs Tata Securities Canara Bank Vs Tata Securities
Upstox Vs Swastika Investmart Canara Bank Vs Swastika Investmart
Upstox Vs SMC Global Canara Bank Vs SMC Global
Upstox Vs SBICAP Securities Canara Bank Vs SBICAP Securities
Upstox Vs SASOnline Canara Bank Vs SASOnline
Upstox Vs Samco securities Canara Bank Vs Samco securities
Upstox Vs RKGlobal Canara Bank Vs RKGlobal
Upstox Vs Reliance Securities Canara Bank Vs Reliance Securities
Upstox Vs Nirmal Bang Canara Bank Vs Nirmal Bang
Upstox Vs Master Trust Capital Canara Bank Vs Master Trust Capital
Upstox Vs Kotak Securities Canara Bank Vs Kotak Securities
Upstox Vs Interactive Brokers Canara Bank Vs Interactive Brokers
Upstox Vs Indiainfoline Canara Bank Vs Indiainfoline
Upstox Vs Indiabulls Securities Canara Bank Vs Indiabulls Securities
Upstox Vs IDBI Capital Canara Bank Vs IDBI Capital
Upstox Vs HDFC Securities Canara Bank Vs HDFC Securities
Upstox Vs Geojit Canara Bank Vs Geojit
Upstox Vs Fyers Securities Canara Bank Vs Fyers Securities
Upstox Vs Edelweiss Capital Canara Bank Vs Edelweiss Capital
Upstox Vs Easytradez Canara Bank Vs Easytradez
Upstox Vs Asthatrade Canara Bank Vs Asthatrade
Upstox Vs Anand Rathi Canara Bank Vs Anand Rathi
Upstox Vs Aditya Birla Money Canara Bank Vs Aditya Birla Money
Upstox Vs Achiievers Canara Bank Vs Achiievers
Upstox Vs A C Choksi Canara Bank Vs A C Choksi
Upstox Vs Angel Broking Canara Bank Vs Angel Broking
Upstox Vs Motilal Oswal Canara Bank Vs Motilal Oswal
Upstox Vs ICICI Direct Canara Bank Vs ICICI Direct
Upstox Vs Sharekhan Canara Bank Vs Sharekhan
Upstox Vs Groww Canara Bank Vs Groww
Upstox Vs Tradesmartonline Canara Bank Vs Tradesmartonline
Upstox Vs Zerodha Canara Bank Vs Zerodha

Frequently Asked Questions

Is Upstox better than Canara Bank ?

Upstox and Canara Bank are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank better than Upstox ?

Upstox and Canara Bank are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Canara Bank ?

Upstox and Canara Bank are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Canara Bank cheaper than Upstox ?

Upstox and Canara Bank are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Canara Bank ?

To find out the better of the two stockbrokers Upstox and Canara Bank, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.