Upstox vs NJ Wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs NJ Wealth 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 NJ Wealth.

Background

Year of Incorporation 2010 2000
Website https://upstox.com/ https://www.njwealth.in/
Phone 022-41792999 0261-6155000
Exchanges enabled NSE, BSE & MCX BSE, NSE
Demat (NSDL/CDSL) CDSL CDSL & NSDL
Brokerage

Equity Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery 0.1% - 0.2%
Equity Futures Rs 20 or 0.05% per executed order 0.01% - 0.02%
Equity Options Rs 20 or 0.05% per executed order Rs.10 - Rs.20 per Lot
Currency Futures Rs 20 or 0.05% per executed order 0.01% - 0.02%
Currency Options Rs. 20 per lot Rs.10 - Rs.20 per Lot
Commodity Rs 20 per executed order 0.01% - 0.02%
Account Opening Costs

Trading only Free Rs. 300
Trading & Demat Zero Free
Commodity Zero Rs.100
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
Futures 0.0021% on Turnover 0
Options 0.059% on Premium Turnover 0
Commodities 0.0036% on Turnover 0
AMC charge Zero Rs 250 per annum
DP Transaction Charge Rs 18.5 per debit transaction Rs 20
Offline order placing Charge Rs 25 per order placed on the phone 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days Yes
End of Day 10 years Yes
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 7x for Intraday
Equity Futures Upto 4x for intraday Upto 4x
Equity Options Buying no leverage, shorting upto 4x for intraday Upto 5X
Currency Futures Upto 4x for intraday Upto 1x
Currency Options Buying no leverage, shorting upto 4x for intraday Upto 3x
Commodity Upto 3x for intraday Upto 3x
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 1521.69 Crores
Profit after Tax FY12/13 0 Rs 2179.98 Crores
Profit after Tax FY13/14 0 Rs 2865.45 Crores
Profit after Tax FY 14/15 0 Rs 3452.44 Crores
Profit after Tax FY 15/16 0 Rs 5134.80 Crores
Profit after Tax FY 16/17 0 Rs 7568.40 Crores
Profit after Tax FY 17/18 0 Rs 4861.99 Crores
Profit after Tax FY 18/19 0 Rs 2758.71 Crores
Profit after Tax FY 19/20 0 Rs 1534.54 Crores
Profit after Tax FY 20/21 0 Rs (125.87) Crores
Profit after Tax FY 21/22 0 Rs (2413.70) Crores
Profit after Tax FY 22/23 Rs 25 Crores Rs 654.94 Crores
Debt FY11/12 0 Rs 37.58 Crores
Debt FY12/13 0 Rs 32.87 Crores
Debt FY13/14 Rs 15.38 Crores Rs 58.90 Crores
Debt FY14/15 Rs 25.77 Crores Rs 79.15 Crores
Debt FY15/16 Rs 52.13 Crores Rs 159.36 Crores
Debt FY16/17 Rs 108.44 Crores Rs 234.23 Crores
Debt FY17/18 Rs 112.87 Crores Rs 288.96 Crores
Debt FY18/19 Rs 143.11 Crores Rs 311.66 Crores
Debt FY19/20 Rs 193.56 Crores Rs 346.17 Crores
Debt FY20/21 Rs 283.91 Crores Rs 377.39 Crores
Debt FY21/22 Rs 374.18 Crores Rs 413.52 Crores
Debt FY22/23 Rs 439.40 Crores Rs 439.61 Crores
Profit to Equity(%) FY11/12 0 27.45%
Profit to Equity(%) FY12/13 0 29.40%
Profit to Equity(%) FY13/14 0 21.23%
Profit to Equity(%) FY14/15 0 20.42%
Profit to Equity(%) FY15/16 0 26.64%
Profit to Equity(%) FY16/17 0 38.11%
Profit to Equity(%) FY17/18 0 40.27%
Profit to Equity(%) FY18/19 1.99% 41.34%
Profit to Equity(%) FY19/20 6.54% 43.50%
Profit to Equity(%) FY20/21 8.01% 46.15%
Profit to Equity(%) FY21/22 10.58% 45.31%
Profit to Equity(%) FY22/23 11.15% 44.90%
Balance Sheet Size FY11/12 Rs 2316.23 Crores Rs 6349.37 Crores
Balance Sheet Size FY12/13 Rs 2825.10 Crores Rs 6738.15 Crores
Balance Sheet Size FY13/14 Rs 3532.97 Crores Rs 6891.54 Crores
Balance Sheet Size FY14/15 Rs 4248.78 Crores Rs 7487.89 Crores
Balance Sheet Size FY15/16 Rs 4349.94 Crores Rs 7746.66 Crores
Balance Sheet Size FY16/17 Rs 4550.25 Crores Rs 7976.32 Crores
Balance Sheet Size FY17/18 Rs 4858.87 Crores Rs 8446.49 Crores
Balance Sheet Size FY18/19 Rs 5163.55 Crores Rs 8561.64 Crores
Balance Sheet Size FY19/20 Rs 5375.90 Crores Rs 8648.75 Crores
Balance Sheet Size FY20/21 Rs 5889.52 Crores Rs 8864.61 Crores
Balance Sheet Size FY21/22 Rs 6005.55 Crores Rs 9370.11 Crores
Balance Sheet Size FY22/23 Rs 6316.10 Crores Rs 9691.38 Crores

Comparison Link:

Compare Upstox Compare NJ Wealth
Upstox Vs Punch Trade NJ Wealth Vs Punch Trade
Upstox Vs BlinkX NJ Wealth Vs BlinkX
Upstox Vs Lemonn NJ Wealth Vs Lemonn
Upstox Vs Mandot Securities NJ Wealth Vs Mandot Securities
Upstox Vs HDFC Sky NJ Wealth Vs HDFC Sky
Upstox Vs Dhan NJ Wealth Vs Dhan
Upstox Vs Goodwill Wealth NJ Wealth Vs Goodwill Wealth
Upstox Vs Shoonya by Finvasia NJ Wealth Vs Shoonya by Finvasia
Upstox Vs Paytm Money NJ Wealth Vs Paytm Money
Upstox Vs Globe Capital NJ Wealth Vs Globe Capital
Upstox Vs Cholamandalam Securities NJ Wealth Vs Cholamandalam Securities
Upstox Vs Canara Bank NJ Wealth Vs Canara Bank
Upstox Vs Axis Direct NJ Wealth Vs Axis Direct
Upstox Vs Alice Blue NJ Wealth Vs Alice Blue
Upstox Vs 5Paisa NJ Wealth Vs 5Paisa
Upstox Vs M.stock NJ Wealth Vs M.stock
Upstox Vs WisdomCapital NJ Wealth Vs WisdomCapital
Upstox Vs Way2wealth NJ Wealth Vs Way2wealth
Upstox Vs Ventura Securities NJ Wealth Vs Ventura Securities
Upstox Vs Navia Markets Ltd NJ Wealth Vs Navia Markets Ltd
Upstox Vs Tradejini NJ Wealth Vs Tradejini
Upstox Vs Tata Securities NJ Wealth Vs Tata Securities
Upstox Vs Swastika Investmart NJ Wealth Vs Swastika Investmart
Upstox Vs SMC Global NJ Wealth Vs SMC Global
Upstox Vs SBICAP Securities NJ Wealth Vs SBICAP Securities
Upstox Vs SASOnline NJ Wealth Vs SASOnline
Upstox Vs Samco securities NJ Wealth Vs Samco securities
Upstox Vs RK Global NJ Wealth Vs RK Global
Upstox Vs Reliance Securities NJ Wealth Vs Reliance Securities
Upstox Vs Nirmal Bang NJ Wealth Vs Nirmal Bang
Upstox Vs Master Trust Capital NJ Wealth Vs Master Trust Capital
Upstox Vs Kotak Securities NJ Wealth Vs Kotak Securities
Upstox Vs Interactive Brokers NJ Wealth Vs Interactive Brokers
Upstox Vs IIFL Securities NJ Wealth Vs IIFL Securities
Upstox Vs Dhani NJ Wealth Vs Dhani
Upstox Vs IDBI Capital NJ Wealth Vs IDBI Capital
Upstox Vs HDFC Securities NJ Wealth Vs HDFC Securities
Upstox Vs Geojit NJ Wealth Vs Geojit
Upstox Vs Fyers Securities NJ Wealth Vs Fyers Securities
Upstox Vs Edelweiss Capital NJ Wealth Vs Edelweiss Capital
Upstox Vs Easytradez NJ Wealth Vs Easytradez
Upstox Vs Rupeezy NJ Wealth Vs Rupeezy
Upstox Vs Anand Rathi NJ Wealth Vs Anand Rathi
Upstox Vs Aditya Birla Money NJ Wealth Vs Aditya Birla Money
Upstox Vs Achiievers NJ Wealth Vs Achiievers
Upstox Vs Angel One NJ Wealth Vs Angel One
Upstox Vs Motilal Oswal NJ Wealth Vs Motilal Oswal
Upstox Vs ICICI Direct NJ Wealth Vs ICICI Direct
Upstox Vs Sharekhan NJ Wealth Vs Sharekhan
Upstox Vs Groww NJ Wealth Vs Groww
Upstox Vs Tradesmart Online NJ Wealth Vs Tradesmart Online
Upstox Vs Zerodha NJ Wealth Vs Zerodha

Frequently Asked Questions

Which is better, Upstox or NJ Wealth?

Upstox Securities and NJ Wealth 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 NJ Wealth offer mobile trading apps?

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

What are the account opening charges for NJ Wealth and Upstox?

The account opening charges by brokers Upstox and NJ Wealth 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 NJ Wealth are SEBI-registered brokers with good reputations. Upstox is known for its trading platforms, while NJ Wealth is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

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