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

Find a Comparison of Upstox vs Geojit 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 Geojit.

Background

Year of Incorporation 2010 1996
Website https://upstox.com/ https://www.geojit.com/
Phone 022 - 41792999 18004255501
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX
Demat (NSDL/CDSL) CDSL NSDL & 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 Rs 47.7 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 49.4 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 75.8 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 88.00 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 107.71 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 137.49 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 108.82 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 93.60 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 139.00 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 128.86 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 137.74 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 160.05 Crores
Debt FY11/12 0 Rs 27.58 Crores
Debt FY12/13 0 Rs 37.03 Crores
Debt FY13/14 Rs 1.38 Crores Rs 29.78 Crores
Debt FY14/15 Rs 1.77 Crores Rs 33.25 Crores
Debt FY15/16 Rs 2.13 Crores Rs 31.87 Crores
Debt FY16/17 Rs 2.44 Crores Rs 33.85 Crores
Debt FY17/18 Rs 2.87 Crores Rs 40.37 Crores
Debt FY18/19 Rs 3.11 Crores Rs 37.81 Crores
Debt FY19/20 Rs 3.56 Crores Rs 40.51 Crores
Debt FY20/21 Rs 3.91 Crores Rs 39.63 Crores
Debt FY21/22 Rs 4.18 Crores Rs 45.75 Crores
Debt FY22/23 Rs 4.40 Crores Rs 41.96 Crores
Profit to Equity(%) FY11/12 3.48 31.3
Profit to Equity(%) FY12/13 5.10 11.9
Profit to Equity(%) FY13/14 13.73 18.2
Profit to Equity(%) FY14/15 15.70 24.43
Profit to Equity(%) FY15/16 16.22 35.17
Profit to Equity(%) FY16/17 16.87 37.26
Profit to Equity(%) FY17/18 17.42 40.67
Profit to Equity(%) FY18/19 17.99 34.85
Profit to Equity(%) FY19/20 18.54 30.01
Profit to Equity(%) FY20/21 19.01 34.15
Profit to Equity(%) FY21/22 21.58 39.42
Profit to Equity(%) FY22/23 22.15 30.34
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 614 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 610 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 644 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 686.71 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 673.67 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 960.37 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 900.92 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 919.72 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 1013.81 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 1050.98 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 944.55 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 921.74 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free 0.03% Intraday & 0.3% Delivery - Negotiable
Equity Futures Rs 20/executed order 0.03% of Turnover - Negotiable
Equity Options Rs 20/executed order Rs 75/lot- Negotiable
Currency Futures Rs 20/executed order 0.03% of Turnover- Negotiable
Currency Options Rs 20/executed order Rs 10/lot- Negotiable
Commodity Rs 20/executed order NA
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 Free if Rs 10,000 deposited
Commodity Rs 250 NA
Transparency & other costs

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

Equity 0.0035% on Turnover 0.00325% of Turnover
Futures 0.0021% on Turnover 0.0021% of Turnover
Options 0.059% on Premium Turnover 0.055% of Turnover
Commodities 0.0036% on Turnover NA
AMC charge Trading: 0, Rs 400/year for Demat Rs 350
DP Transaction Charge Rs 22/debit transaction Rs 15/debit transaction or 0.03% whichever is higher
Offline order placing Charge Rs 25/order placed on the phone 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 20 Days
End of Day 10 years 5 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 Intraday upto 10 times, For Delivery upto 7 days but with interest of 22%/annum
Equity Futures Upto 4 times for intraday No additional leverage for Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No additional leverage for Intraday
Currency Futures Upto 4 times for intraday No additional leverage for Intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday No additional leverage for Intraday
Commodity Upto 3 times for intraday NA
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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Frequently Asked Questions

Is Upstox better than Geojit ?

Upstox and Geojit 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 Geojit better than Upstox ?

Upstox and Geojit 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 Geojit ?

Upstox and Geojit 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 Geojit cheaper than Upstox ?

Upstox and Geojit 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. Geojit ?

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