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HDFC SKY vs Upstox (Compare HDFC SKY and Upstox)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between HDFC SKY vs Upstox, Below comparison of HDFC SKY vs Upstox highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of HDFC SKY vs Upstox is given below:

HDFC SKY

Upstox

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	HDFC SKY	Upstox

About The Brokers

HDFC SKY :

HDFC SKY is the discount broking platform launched by HDFC Securities Ltd in 2023 — making it India's only bank-backed discount broker. >>> more

Upstox :

"Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co >>> more

Find More Information about the Broker :

HDFC SKY :

OVERVIEW

Upstox :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

HDFC SKY :

Discount Broker

Upstox :

Discount Broker

Promo/offers

HDFC SKY :

N/A

Upstox :

Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Advantage

HDFC SKY :

✔ What HDFC SKY Does Well

✓	India's only bank-backed discount broker — HDFC Bank Group institutional safety
✓	Free access to 23 years of HDFC Securities research — equity, F&O, ETF recommendations
✓	US stocks — fractional shares from $1, Apple/Google/Amazon etc.
✓	MTF at 12% p.a. — lowest in India (0% first 30 days); competitors charge 18–21%
✓	Both CDSL and NSDL DP — unique among discount brokers
✓	3-in-1 account with HDFC Bank — seamless fund transfers
✓	InstaOptions + NxtOption — dedicated F&O platforms with option chain analytics
✓	TradingView at tv.hdfcsky.com — advanced charting integrated
✓	Open API for algo traders
✓	ETF brokerage free for 30 days after account opening

Upstox :

✔ What Upstox Does Well

✓	Flat ₹20 per order — simple, transparent pricing
✓	First year demat AMC completely free
✓	Pro Web — fast TradingView charting with Chart360
✓	Backed by Ratan Tata & Kalaari Capital — credible
✓	Account opens in 15 minutes — among fastest in India
✓	Well-documented API for algorithmic traders
✓	150+ technical indicators on Pro platform
✓	IPO applications free via UPI/ASBA
✓	SEBI-registered, CDSL custody — securities safe
✓	Call & Trade at ₹20/order — cheaper than Zerodha's ₹50

Disadvantage

HDFC SKY :

✘ Where HDFC SKY Falls Short

✗	₹20 delivery brokerage — not free, unlike Zerodha, Groww, ProStocks, Shoonya
✗	AMC ₹240/yr from year 2 — Groww, Shoonya, ProStocks, Fyers, Alice Blue all ₹0 lifetime
✗	Auto square-off ₹50+GST per position
✗	NRI restrictions — US and Canada NRIs cannot open accounts
✗	Launched 2023 — newer platform with less operating history than Zerodha/Fyers
✗	Customer care hours Mon–Sat 9AM–5PM only (no evening/weekend support)
✗	Cannot maintain HDFC Securities + HDFC SKY accounts simultaneously (SEBI rule)
✗	US stock brokerage 5 cents/share (not flat fee) — costlier for high-price stocks
✗	Limited intraday access for NRIs

Upstox :

✘ Where Upstox Falls Short

✗	₹20 charged on delivery trades — unlike Zerodha's ₹0
✗	NRI trading accounts NOT available
✗	Mutual funds: regular plans only (not direct plans)
✗	No education resource like Zerodha Varsity
✗	No public platform outage disclosure page
✗	DP charge ₹20/scrip — applies on every delivery sell
✗	No phone support — chat and email only
✗	No research or stock recommendations
✗	No 3-in-1 integrated banking account
✗	Platform slows on high-volatility expiry days

Why This

HDFC SKY :

Upstox :

Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery,intraday and F&O trades.
After Market Order (AMO), Cover Order and BO are available on both web and mobile
Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
Zero Demat AMC, Free demat account for life.
Offers NRI trading.
Offers Mutual Fund Investment, SIP Investement.
Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix
Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.

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HDFC SKY vs Upstox Account Opening & AMC Charges

- and Upstox Trading Account Opening Fee is Rs 0 (Free) . - and Upstox Demat Account AMC is Rs 150 .

	HDFC SKY	Upstox
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : Rs 0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : Rs 0 (Free)
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : Rs 150
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : Rs 0 (Free)
	Open Account	Open Account

HDFC SKY vs Upstox Brokerage Charges

HDFC SKY Brokerage Charges Upstox Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order .

	HDFC SKY	Upstox
Plan Name	-	Plan Name : Basic Plan
Equity Delivery	-	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	-	Equity Intraday : Rs 20 per executed order or 0.05% whichever is lower
Equity Future	-	Equity Future : Rs 20 per executed order or 0.05% whichever is lower
Equity Options	-	Equity Options : Rs 20 per executed order
Currency Futures	-	Currency Futures : Rs 20 per executed order or 0.05% whichever is lower
Currency Options	-	Currency Options : Rs 20 per executed order
Monthly Fee	-	Monthly Fee : NA
Margin Trading	-	Margin Trading : -
Commodity Futures	-	Commodity Futures : Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	-	Commodity Options : Rs 20 per executed order
	Open Account	Open Account

HDFC SKY vs Upstox Exchange Transaction Charges

HDFC SKY Exchange Transaction Charges - and - . Upstox Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) .

	HDFC SKY	Upstox
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : -	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options *	Equity Options : -	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 22 per Cr (0.00022%)
Currency Options	Currency Options : -	Currency Options : NSE Rs 3500 per Cr (0.035%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : -	Commodity : Group A - Rs 290 per Cr (0.0029%)
	Open Account	Open Account

HDFC SKY vs Upstox Other Charges

HDFC SKY and . Upstox Minimum Brokerage is 0.05% and Call & Trade is Rs 20 per trade .

	HDFC SKY	Upstox
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : 0.05%
Call & Trade	Call & Trade : -	Call & Trade : Rs 20 per trade
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹13 plus ₹5.50 (CDSL charges) per scrip.
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Auto Square-off Charges: Rs 50
	Open Account	Open Account

HDFC SKY vs Upstox Features

HDFC SKY and Upstox both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	HDFC SKY	Upstox
Trading Platform	Trading Platform : -	Trading Platform : Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : -
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : 1
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes
	Open Account	Open Account

HDFC SKY vs Upstox Demat Account Charges

A comparative table of various demat account charges between HDFC SKY and Upstox is below:

	HDFC SKY	Upstox
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : Rs 249
Advance Deposit	Advance Deposit : -	Advance Deposit : Nil
AMC	AMC : -	AMC : Rs 150
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : Rs 2.00 per certificate plus courier charges of Rs 35 per demat request
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : Rs 25 per certificate or 0.05% of the value whichever is higher.
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : Rs 13 + Rs 5.50 (CDSL charges) per scrip.
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : 0.05% of the transaction charges subject to a minimum of Rs 50
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Rs 50 per transaction
Other Charges	Other Charges : -	Other Charges : Demat Rejection Charges: Rs 35 per rejection for every 500 gms. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.
	Open Account	Open Account

HDFC SKY vs Upstox Basic Details

HDFC SKY and and . Upstox Year of Incorporation is 2012 and Total Number of Clients is 2036413 and Total Number of Branches is 4 .

	HDFC SKY	Upstox
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2012
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : BSE, NSE, MCX
Demat Services	Demat Services : -	Demat Services : No
Website	Website : -	Website : www.upstox.com
Contact Details	Contact Details : -	Contact Details : +91-22-6130-9999
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 2,036,413
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 4
Products *	Products : -	Products : Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.
	Open Account	Open Account

HDFC SKY vs Upstox Orders

Orders

	HDFC SKY	Upstox
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : No
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : Yes
	Open Account	Open Account

HDFC SKY vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

	HDFC SKY	Upstox
Equity Trading Recommendation *	Equity Trading Recommendation : -	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : -	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : -	Recommendation basis risk Profile : No
Comparison *	Comparison : -	Comparison : No
Free Tips *	Free Tips : -	Free Tips : No
Daily Market report *	Daily Market report : -	Daily Market report : No
ETF research *	ETF research : -	ETF research : No
Quarterly Results *	Quarterly Results : -	Quarterly Results : No
	Open Account	Open Account

HDFC SKY vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	HDFC SKY	Upstox
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : -
	Open Account	Open Account

HDFC SKY vs Upstox Product & Services

HDFC SKY and Upstox both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	HDFC SKY	Upstox
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : -	Margin Trading : Yes
Call N Trade *	Call N Trade : -	Call N Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : -	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : -	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : -	NRI Services : No
SMS Alerts *	SMS Alerts : -	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : -	Offers Multiple Plan : No
IPO Investment *	IPO Investment : -	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : -	Portfolio Analysis : Yes
Advanced Charting Features *	Advanced Charting Features : -	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : -	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : -	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : -	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : -	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : -	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : -	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : -	Aumtomated Trading : No
	Open Account	Open Account

HDFC SKY vs Upstox Customer Services

HDFC SKY and Upstox both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	HDFC SKY	Upstox
Toll Free Number *	Toll Free Number : -	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : -	Live Chat Facility : Yes
Email Facility *	Email Facility : -	Email Facility : Yes
Branch Offices *	Branch Offices : -	Branch Offices : Yes
Customer Care *	Customer Care : -	Customer Care : Yes
Community Service *	Community Service : -	Community Service : Yes
Relationship Manager *	Relationship Manager : -	Relationship Manager : No
24/7 Support *	24/7 Support : -	24/7 Support : No
	Open Account	Open Account

HDFC SKY vs Upstox Other Investement

HDFC SKY and Upstox both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	HDFC SKY	Upstox
Commodity Trading *	Commodity Trading : -	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : -	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : -	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : -	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : -	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : -	Insurance Services : No
Banking Services *	Banking Services : -	Banking Services : No
	Open Account	Open Account

HDFC SKY vs Upstox Trading Platform

HDFC SKY and Upstox both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	HDFC SKY	Upstox
Web Platform *	Web Platform : -	Web Platform : Yes
Android Mobile App *	Android Mobile App : -	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : -	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : -	Desktop Mac : No
I-Pad App *	I-Pad App : -	I-Pad App : Yes
Virtual Trading *	Virtual Trading : -	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : -	iPhone Mobile App : Yes
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	Open Account	Open Account