Top Stock Advisory
Coimbatore Capital vs. Upstox
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Coimbatore Capital and Upstox. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Coimbatore Capital and Upstox.
Overview
Coimbatore Capital is public company and Upstox is private company. Coimbatore Capital operates as a full service Broker, while Upstox functions as a discount broker. D.Balasundaram co-founded Coimbatore Capital in 1995. And Upstox was founded in the year 2009 by Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath. Coimbatore Capital's headquarters are in Coimbatore, T.N and Upstox's headquarters are in Mumbai, India.
Coimbatore Capital operates as a full service Broker, while Upstox functions as a discount broker. Coimbatore Capital is registered in NA, while Upstox is registered in BSE, NSE, MCX. The total branches of Coimbatore Capital are Nil and the Upstox branches are 4.
| Overview | Coimbatore Capital | Upstox |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Coimbatore, T.N | Mumbai, India |
| Founders | D.Balasundaram | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath |
| Foundation Year | 1995 | 2009 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | 4 |
Coimbatore Capital and Upstox Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Coimbatore Capital charging Rs.250 and Upstox charging Rs.150.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Coimbatore Capital Demat account is Rs.399 per Annum and for the Upstox Demat account is Rs.150 per annum. The Trading AMC for Coimbatore Capital and Upstox is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Coimbatore Capital and Upstox is CDSL.
| Account Opening and Demat Charges | Coimbatore Capital | Upstox |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Rs.150 |
| Demat AMC (Annual Maintenance Charges) | Rs.399 per Annum | Rs.150 per annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.1,000 | Zero |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | CDSL |
Coimbatore Capital and Upstox Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Coimbatore Capital is 0.25%, while Upstox charges you Zero.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Coimbatore Capital is 0.02% and for Upstox also, it is Rs.20.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Coimbatore Capital charge 0.02% and Upstox charge Rs.20 for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Coimbatore Capital charges Rs.10 per Lot, and Upstox charges Rs.20 per lot.
| Equity Brokerage Charges | Coimbatore Capital | Upstox |
|---|---|---|
| Equity Delivery Brokerage | 0.25% | Zero |
| Equity Intraday Brokerage | 0.02% | Rs.20 |
| Equity Futures Brokerage | 0.02% | Rs.20 |
| Equity Options Brokerage | Rs.10 per Lot | Rs.20 per lot |
Coimbatore Capital and Upstox Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Coimbatore Capital is 0.03% and for Upstox is Rs.20.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Coimbatore Capital charges Rs.10 per Lot for currency options, whereas Coimbatore Capital charges Rs.20 per lot.
| Currency Brokerage Charges | Coimbatore Capital | Upstox |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Rs.20 |
| Currency Options Brokerage | Rs.10 per Lot | Rs.20 per lot |
Coimbatore Capital and Upstox Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Coimbatore Capital charges 0.04% for commodity trading, while Upstox charges Rs.20.
| Commodity Brokerage Charges | Coimbatore Capital | Upstox |
|---|---|---|
| Commodity Options Brokerage | 0.04% | Rs.20 |
Coimbatore Capital and Upstox Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Coimbatore Capital levies a minimum brokerage fee of Percentage of Transaction, while Upstox charges Rs.20 brokerage fee.
Transaction Brokerage Charges: Coimbatore Capital levies a transaction brokerage charge of 0.00325%, while Upstox charges 0.00275% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Coimbatore Capital is 0.0002% of Total Turnover and for Coimbatore Capital is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Coimbatore Capital are 0.0126% of selling value, while for Upstox, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Coimbatore Capital charges NA and Upstox charges Rs 20 per trade.
| Other Brokerage Charges | Coimbatore Capital | Upstox |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.20 | Transaction Brokerage Charges | 0.00325% | 0.00275% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per trade |
Coimbatore Capital and Upstox Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Coimbatore Capital is up to Upto 2x and by Upstox it is up to Upto 5x.
Equity Intraday: Leverage for equity intraday by Coimbatore Capital is up to Upto 7x and by Upstox it is up to Upto 20x.
Equity Futures: Leverage for Equity Futures by Coimbatore Capital is up to Upto 4x and by Upstox it is up to Upto 7x.
Equity Options: Leverage for Equity Options by Coimbatore Capital is up to Upto 2x and by Upstox also, it is up to Upto 8x.
| Equity Leverage | Coimbatore Capital | Upstox |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 5x | Equity Intraday | Upto 7x | Upto 20x | Equity Futures | Upto 4x | Upto 7x | Equity Options | Upto 2x | Upto 8x |
Coimbatore Capital and Upstox Currency Leverage
The currency futures leverage provided by Coimbatore Capital is up to Upto 2x, while for Upstox it is up to Upto 5x.
The currency options leverage provided by Coimbatore Capital is up to Upto 2x, while for Upstox it is up to Upto 6x.
| Currency Leverage | Coimbatore Capital | Upstox |
|---|---|---|
| Currency Futures | Upto 2x | Upto 5x | Currency Options | Upto 2x | Upto 6x |
Coimbatore Capital and Upstox Commodity Leverage
The commodity leverage provided by Coimbatore Capital is up to Upto 5x, while for Upstox it is up to Upto 7x.
| Commodity Leverage | Coimbatore Capital | Upstox |
|---|---|---|
| Commodity | Upto 5x | Upto 7x |
Coimbatore Capital and Upstox Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Coimbatore Capital | Upstox |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | No | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Coimbatore Capital and Upstox Features
Equity Trading: Coimbatore Capital and Upstox brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Coimbatore Capital and Upstox also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Coimbatore Capital and Upstox broker is that you can also invest in IPOs. Coimbatore Capital also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Coimbatore Capital offers trading exposure of up to Upto 7x, while Upstox gives up to Upto 20x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Coimbatore Capital and Upstox, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Coimbatore Capital and Upstox also allow you to trade in forex trading.
| Features | Coimbatore Capital | Upstox |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | No | IPO (Initial public offering) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 7x | Upto 20x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Coimbatore Capital and Upstox Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Coimbatore Capital and Upstox offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Coimbatore Capital | Upstox |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | No |
| IPO Reports | No | No |
| Top Picks | No | No |
| Daily Market Review | No | No |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Coimbatore Capital and Upstox Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Coimbatore Capital and Upstox offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Coimbatore Capital | Upstox |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Coimbatore Capital and Upstox Mobile Trading Platforms
Coimbatore Capital and Upstox offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Coimbatore Capital | Upstox |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Coimbatore Capital and Upstox Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Coimbatore Capital and Upstox give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Coimbatore Capital | Upstox |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 10 | Zero |
Coimbatore Capital and Upstox Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Coimbatore Capital and Upstox registered and resolved complaints.
For Coimbatore Capital, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Upstox, the Percentage of resolved BSE complaints is 68.11 % and the Percentage of resolved NSE complaints is 79.43 %.
We can say that Coimbatore Capital is better than Upstox in case of resolving customer complaints.
| BSE Complaints | Coimbatore Capital | Upstox |
|---|---|---|
| BSE Complaints | 0 | 185 |
| BSE Resolved Complaints | 0 | 126 |
| Percentage of resolved BSE complaints | NaN % | 68.11 % |
| NSE Complaints | 1 | 175 |
| NSE Resolved Complaints | 1 | 139 |
| Percentage of resolved NSE complaints | 100.00 % | 79.43 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 73.77 % |
Frequently Asked Questions
Is Coimbatore Capital better than Upstox?
Coimbatore Capital is a full service broker and Upstox is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Upstox better than Coimbatore Capital?
Upstox is a discount broker and Coimbatore Capital is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Coimbatore Capital and Upstox?
Being a full-service broker, Coimbatore Capital tends to have higher brokerage charges, while Upstox, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Coimbatore Capital and Upstox?
To figure out which of the two stockbrokers, Coimbatore Capital and Upstox, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Coimbatore Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Coimbatore Capital with other brokerage firms.
Compare Upstox with other stock brokers
Visit the following pages to see a detailed comparision report of Upstox with other brokerage firms.