Top Stock Advisory
Upstox vs. Arch Finance
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 Upstox and Arch Finance. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Upstox and Arch Finance.
Overview
Upstox are Arch Finance both private companies and Upstox operates as a discount broker, while Arch Finance functions as a full service broker. Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath co-founded Upstox in 2009. And Arch Finance was founded in the year 1995 by Narendra Goushal. Upstox's headquarters are in Mumbai, India and Arch Finance's headquarters are in NEW DELHI.
Upstox operates as a discount broker, while Arch Finance functions as a full service broker. Upstox is registered in BSE, NSE, MCX, while Arch Finance is registered in NA. The total branches of Upstox are 4 and the Arch Finance branches are Nil.
| Overview | Upstox | Arch Finance |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, India | NEW DELHI |
| Founders | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | Narendra Goushal |
| Foundation Year | 2009 | 1995 |
| Supported Exchanges | BSE, NSE, MCX | NA |
| Total branches | 4 | Nil |
Upstox and Arch Finance 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 Upstox charging Rs.150 and Arch Finance charging Rs.250.
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 Upstox Demat account is Rs.150 per annum and for the Arch Finance Demat account is Rs.250 per Annum. The Trading AMC for Upstox and Arch Finance 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 Upstox and Arch Finance is CDSL.
| Account Opening and Demat Charges | Upstox | Arch Finance |
|---|---|---|
| Trading Account Opening Charges | Rs.150 | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Rs.150 per annum | Rs.250 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero | Minimum Rs.10,000 |
| Offline to Online Charges | Not applicable | Yes |
| Depository | CDSL | CDSL & NSDL |
Upstox and Arch Finance 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 Upstox is Zero, while Arch Finance charges you 0.20%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Upstox is Rs.20 and for Arch Finance also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Upstox charge Rs.20 and Arch Finance charge 0.02% 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, Upstox charges Rs.20 per lot, and Arch Finance charges Rs.20 per Lot.
| Equity Brokerage Charges | Upstox | Arch Finance |
|---|---|---|
| Equity Delivery Brokerage | Zero | 0.20% |
| Equity Intraday Brokerage | Rs.20 | 0.02% |
| Equity Futures Brokerage | Rs.20 | 0.02% |
| Equity Options Brokerage | Rs.20 per lot | Rs.20 per Lot |
Upstox and Arch Finance 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 Upstox is Rs.20 and for Arch Finance is 0.02%.
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. Upstox charges Rs.20 per lot for currency options, whereas Upstox charges Rs.20 per Lot.
| Currency Brokerage Charges | Upstox | Arch Finance |
|---|---|---|
| Currency Futures Brokerage | Rs.20 | 0.02% |
| Currency Options Brokerage | Rs.20 per lot | Rs.20 per Lot |
Upstox and Arch Finance 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. Upstox charges Rs.20 for commodity trading, while Arch Finance charges 0.02%.
| Commodity Brokerage Charges | Upstox | Arch Finance |
|---|---|---|
| Commodity Options Brokerage | Rs.20 | 0.02% |
Upstox and Arch Finance Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Upstox levies a minimum brokerage fee of Rs.20, while Arch Finance charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Upstox levies a transaction brokerage charge of 0.00275% of Total Turnover, while Arch Finance charges 0.00311%.
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 Upstox is 0.0002% of Total Turnover and for Upstox 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 Upstox are 0.0126% of Total Turnover, while for Arch Finance, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Upstox charges Rs 20 per trade and Arch Finance charges NA.
| Other Brokerage Charges | Upstox | Arch Finance |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 | Percentage of Transaction | Transaction Brokerage Charges | 0.00275% of Total Turnover | 0.00311% | 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 Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | Rs 20 per trade | NA |
Upstox and Arch Finance 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 Upstox is up to Upto 5x and by Arch Finance it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Upstox is up to Upto 20x and by Arch Finance it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Upstox is up to Upto 7x and by Arch Finance it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Upstox is up to Upto 8x and by Arch Finance also, it is up to Upto 5x.
| Equity Leverage | Upstox | Arch Finance |
|---|---|---|
| Equity Delivery | Upto 5x | Upto 2x | Equity Intraday | Upto 20x | Upto 6x | Equity Futures | Upto 7x | Upto 3x | Equity Options | Upto 8x | Upto 5x |
Upstox and Arch Finance Currency Leverage
The currency futures leverage provided by Upstox is up to Upto 5x, while for Arch Finance it is up to Upto 2x.
The currency options leverage provided by Upstox is up to Upto 6x, while for Arch Finance it is up to Upto 2x.
| Currency Leverage | Upstox | Arch Finance |
|---|---|---|
| Currency Futures | Upto 5x | Upto 2x | Currency Options | Upto 6x | Upto 2x |
Upstox and Arch Finance Commodity Leverage
The commodity leverage provided by Upstox is up to Upto 7x, while for Arch Finance it is up to Upto 2x.
| Commodity Leverage | Upstox | Arch Finance |
|---|---|---|
| Commodity | Upto 7x | Upto 2x |
Upstox and Arch Finance 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 | Upstox | Arch Finance |
|---|---|---|
| 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 | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Upstox and Arch Finance Features
Equity Trading: Upstox and Arch Finance 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: Upstox and Arch Finance also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Upstox and Arch Finance broker is that you can also invest in IPOs. Upstox also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Upstox offers trading exposure of up to Upto 20x, while Arch Finance gives up to Upto 6x.
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 Upstox and Arch Finance, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Upstox and Arch Finance also allow you to trade in forex trading.
| Features | Upstox | Arch Finance |
|---|---|---|
| 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 | No | Yes | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 20x | Upto 6x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Upstox and Arch Finance 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. Upstox and Arch Finance 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 | Upstox | Arch Finance |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | No | Yes |
| IPO Reports | No | No |
| Top Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Upstox and Arch Finance 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. Upstox and Arch Finance 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 | Upstox | Arch Finance |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Upstox and Arch Finance Mobile Trading Platforms
Upstox and Arch Finance offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Upstox | Arch Finance |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Upstox and Arch Finance 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. Upstox and Arch Finance 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 | Upstox | Arch Finance |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | Zero | 7 |
Upstox and Arch Finance 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 Upstox and Arch Finance registered and resolved complaints.
For Upstox, the Percentage of resolved BSE complaints is 68.11 % and the Percentage of resolved NSE complaints is 79.43 %.
For Arch Finance, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is NaN %.
We can say that Upstox is better than Arch Finance in case of resolving customer complaints.
| BSE Complaints | Upstox | Arch Finance |
|---|---|---|
| BSE Complaints | 185 | 0 |
| BSE Resolved Complaints | 126 | 0 |
| Percentage of resolved BSE complaints | 68.11 % | NaN % |
| NSE Complaints | 175 | 0 |
| NSE Resolved Complaints | 139 | 0 |
| Percentage of resolved NSE complaints | 79.43 % | NaN % |
| BSE/NSE Complaint vs. Resolved Percentage | 73.77 % | NaN % |
Frequently Asked Questions
Is Upstox better than Arch Finance?
Upstox is a discount broker and Arch Finance is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Arch Finance better than Upstox?
Arch Finance is a full service broker and Upstox is a discount 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 Upstox and Arch Finance?
The brokerage charges for Upstox are on the cheaper side since it is a discount broker, while Arch Finance is a full-service broker. 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, Upstox and Arch Finance?
To figure out which of the two stockbrokers, Upstox and Arch Finance, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Upstox with other stock brokers
Visit the following pages to see a detailed comparision report of Upstox with other brokerage firms.
Compare Arch Finance with other stock brokers
Visit the following pages to see a detailed comparision report of Arch Finance with other brokerage firms.