Broker comparison
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| Attribute | Anand Rathi | Upstox |
|---|---|---|
| Brokerage | 0.50% delivery / 0.05% intraday | ₹20 / Intraday & F&O order |
| Type | Full-service broker | Discount broker |
| Account opening | Free (₹0) | Free (₹0) |
| AMC | ₹600/yr | ₹0 |
| Equity delivery | 0.50% | ₹0 |
| Intraday / F&O | 0.05% | ₹20 per order |
| DP charges | ₹20 + GST | ₹18.5 per scrip |
| SEBI registration | INZ000010198 | INZ000185137 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 3.6 | Rating 4.5 |
| Best for | HNI investors who want dedicated manager | Chartists and algo traders wanting a low-cost API |
| Hidden charges to watch | Relationship-manager product commissions; advisory fees | DP charges per scrip on sale; call & trade ₹25 per order; API fees beyond the free tier |
| Segments | Equity, F&O, Currency, Commodity, Debt | Equity, F&O, Commodity, Currency, Mutual funds |
| F&O (all segments) | Per-contract slabs | ₹20 per order |
| Highlights | Dedicated relationship manager, Wealth products, Research calls | Upstox Pro web, Coins & MF, Option chain analytics, Open API |
| Open account | Anand Rathi | Upstox |
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