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Market Wolf vs Upstox (Compare Market Wolf 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 Market Wolf vs Upstox, Below comparison of Market Wolf 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 Market Wolf vs Upstox is given below:

Market Wolf Upstox
About The Brokers
Market Wolf :

"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account openi   >>> 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 :
Market Wolf :
OVERVIEW BROKERAGE
Upstox :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Market Wolf :
 Discount Broker
Upstox :
 Discount Broker
Promo/offers
Market Wolf :
N/A
Upstox :
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.
Advantage
Market Wolf :
  •  Market Wolf offers free trading practices during the market trading hours without KYC verification. Thus, it is beneficial for novice traders to have knowledge about trading before starting investing in the stock market.
  •  The trader only pays 10% brokerage on profitable trade and zero brokerage on loss. 
  •  Market Wolf accepts funds deposits via UPI, NEFT, RTGS, IMPS, Phonepe, GPay, and PayTM without any additional fees, and the trader allows users to deposit and withdraw funds from Market Wolf web and mobile app.
  •  There are 15+ charting styles to make the trading experience user-friendly, and the trader can set up up to 2 hours chart time frames to have better trading insight.
  •  Market Wolf offers a quick withdrawal process and the amount of credit within one business day.
  •  Market Wolf has inbuilt stop order features where the trader needs to set the percentage of the reward and risk (10%, 25%, 50% or 100%). The trade will be auto-squared off once the order crosses the predefined level.
  •  Market Wolf offers only high liquidity and quality stocks. 
Upstox :
  • No Brokerage on Mutual funds.
  • DEMAT AMC free for Life
  • Low cost Brokerage
  • Self-directed, easy to use online learning for all levels
  • Easy to get started with Aadhar based signup
  • Good Brokerage & Margin Calculator
  • Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you
Disadvantage
Market Wolf :
  •  Market Wolf trading app is not available for iOS users. It is currently available only for Android users. 
  •  The free practice session on the Market Wolf platform is only available on mobile applications and not on web browsers. 
  •  Market Wolf charges flat 10% brokerage on profit which is costly. 
  •  Market Wolf doesn’t offer a 3-in-1 account facility. It only provides a free trading account. 
  •  Market Wolf doesn’t offer other services such as mutual funds, IPO, Bonds, FDs, etc., except stock trading.
  •  Stop Trade sessions on Market Wolf take time to end the session as once the trader clicks on the icon “stop trade,” the system re-confirms the decision, which takes extra seconds and may change the overall profit or loss transactions. 
  •  Market Wolf has leveraged up to 100% profit which may cause loss of capital amount if the trader is still learning and doesn’t fully understand the trading mechanism.
  •  Market Wolf doesn’t have exact charges for STT, transaction charges, SEBI, and Stamp charges; the amount is auto calculated while the trader confirms the trading amount. It can be a hassle for a newbie trader to understand the costs.
  •  The trader can add up to 5 stocks to the wish list.
  •  Market Wolf Web is not available for trading. The trader requires to use the Market Wolf mobile application to perform trading. 
  •  Market Wolf is not suitable for advanced traders.
  •  Though there is zero brokerage on loss trade, the trader needs to pay SEBI charges, Stamp Duty, Exchange fee, and GST even if he didn’t earn profit.
  •  Market Wolf doesn’t allow the trader to hold the stocks. The trades get auto squared off at the end of the day if it doesn't meet the profit or loss auto stop level. 
  •  Market Wolf is not offering to trade on the BSE segment. 
  •  Though Market Wolf offers 24/7 customer care service, some days they take 1-2 business days to reply to a query. 
Upstox :
  • No margin funding
  • Does not provide Tips & recommendation
  • Turnover charges on futures and options is higher than competitors
  • Upstox doesn't offer unlimited monthly trading plans.
  • Doesn't offer research based services.
  • Charges on Funds Transfer @ ₹7 per fund transfer.
Why This
Market Wolf :
  • Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
  • Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading. 
  • Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
  • Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade. 
  • Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading. 
  • Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
  • Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements. 
  • Market Wolf offers 24/7 customer care to all users via an in-app help center. 
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.
Open Account

Market Wolf vs Upstox Account Opening & AMC Charges

Market Wolf Trading Account Opening Fee is ₹0 (Free) and Upstox Trading Account Opening Fee is Rs 249 . Market Wolf Demat Account AMC is ₹0 (Free) and Upstox Demat Account AMC is Rs 0 (Free) .

Market Wolf Upstox
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

Trading Account Opening Fee :

Rs 249

Demat Account Opening Fee Demat Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee :

Rs 0 (Free)

Demat Account AMC Demat Account AMC :

₹0 (Free)

Demat Account AMC :

Rs 0 (Free)

Trading Account AMC Trading Account AMC :

₹0 (Free)

Trading Account AMC :

Rs 0 (Free)

Open Account Open Account

Market Wolf vs Upstox Brokerage Charges

Market Wolf Brokerage Charges Equity Delivery is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Intraday is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Options is ₹0 brokerage if loss | 10% of GP(Profitable Trade) . 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 .

Market Wolf Upstox
Plan Name Plan Name :

Market Wolf default Brokerage Plan

Plan Name :

Basic Plan

Equity Delivery Equity Delivery :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Delivery :

Rs 20 per executed order or 2.5% whichever is low

Equity Intraday Equity Intraday :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Intraday :

Rs 20 per executed order or 0.05% whichever is lower

Equity Future Equity Future :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Future :

Rs 20 per executed order or 0.05% whichever is lower

Equity Options Equity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Options :

Rs 20 per executed order

Currency Futures Currency Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Futures :

Rs 20 per executed order or 0.05% whichever is lower

Currency Options Currency Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Options :

Rs 20 per executed order

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading :

NA

Margin Trading : -
Commodity Futures Commodity Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Commodity Futures :

Rs 20 per executed order or 0.05% whichever is lower

Commodity Options Commodity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Commodity Options :

Rs 20 per executed order

Open Account Open Account

Market Wolf vs Upstox Exchange Transaction Charges

Market Wolf Exchange Transaction Charges Equity Future is NSE: 0.0019% and Equity Options is Rs 5000 per Cr (0.05%) (on premium) . Upstox Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) .

Market Wolf Upstox
Equity Delivery Equity Delivery :

NSE: 0.00325%

Equity Delivery :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday Equity Intraday :

NSE: 0.00325%

Equity Intraday :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Future * Equity Future :

NSE: 0.0019%

Equity Future :

NSE Rs 200 per Cr (0.002%)

Equity Options * Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Equity Options :

NSE Rs 5300 per Cr (0.053%) (on premium)

Currency Futures * Currency Futures :

NSE: 0.0009% + Investor protection fund (0.037%)

Currency Futures :

NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)

Currency Options Currency Options :

Rs 4000 per Cr (0.04%) (on premium)

Currency Options :

NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)

Commodity Commodity :

Rs 260 per Cr (0.0026%)

Commodity :

Group A - Rs 290 per Cr (0.0029%)

Open Account Open Account

Market Wolf vs Upstox Other Charges

Market Wolf Minimum Brokerage is NA and Call & Trade is NA . Upstox Minimum Brokerage is 0.05% and Call & Trade is Rs 20 per trade .

Market Wolf Upstox
Minimum Brokerage Minimum Brokerage :

NA

Minimum Brokerage :

0.05%

Call & Trade Call & Trade :

NA

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

Market Wolf vs Upstox Features

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

Market Wolf Upstox
Trading Platform Trading Platform :

Mobile, WEB

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 :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

Brokerage if Makes Profit

Unique features & Offers : -
Referral Program Referral Program :

Yes

Referral Program :

1

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes

Open Account Open Account

Market Wolf vs Upstox Demat Account Charges

A comparative table of various demat account charges between Market Wolf and Upstox is below:

Market Wolf Upstox
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

₹0 (Free)

Account Opening Fee :

Rs 249

Advance Deposit Advance Deposit :

₹0

Advance Deposit :

Nil

AMC AMC :

₹0 (Free)

AMC :

Rs 0

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 :

  1. Demat Rejection Charges: Rs 35 per rejection for every 500 gms.
  2. 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.
  3. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

Open Account Open Account

Market Wolf vs Upstox Basic Details

Market Wolf Year of Incorporation is 2017 and Total Number of Clients is 299954 and Total Number of Branches is NA . Upstox Year of Incorporation is 2012 and Total Number of Clients is 5596268 and Total Number of Branches is 4 .

Market Wolf Upstox
Year of Incorporation Year of Incorporation :

2017

Year of Incorporation :

2012

Active Exchange Memberships Active Exchange Memberships :

NSE and MCX

Active Exchange Memberships :

BSE, NSE, MCX

Demat Services Demat Services :

CDSL

Demat Services :

No

Website Website : https://marketwolf.com/ Website : www.upstox.com
Contact Details Contact Details :

+91 8591308916

Contact Details :

+91-22-6130-9999

Total Number of Clients Total Number of Clients :

299,954

Total Number of Clients :

5,596,268

Total Number of Branches Total Number of Branches :

NA

Total Number of Branches :

4

Products * Products :

Equity, Commodity, Currency, IPO

Products :

Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.

Open Account Open Account

Market Wolf vs Upstox Orders

Orders

Market Wolf 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

Market Wolf vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

Market Wolf Upstox
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

No

Comparison * Comparison :

No

Comparison :

No

Free Tips * Free Tips :

No

Free Tips :

No

Daily Market report * Daily Market report :

No

Daily Market report :

No

ETF research * ETF research :

No

ETF research :

No

Quarterly Results * Quarterly Results :

No

Quarterly Results :

No

Open Account Open Account

Market Wolf vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Market Wolf Upstox
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP : -
Open Account Open Account

Market Wolf vs Upstox Product & Services

Market Wolf 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:

Market Wolf Upstox
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

NA

Margin Trading :

Yes

Call in Trade * Call in Trade :

NA

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

NSE ONLY

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

No

NRI Services :

No

SMS Alerts * SMS Alerts :

No

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

No

IPO Investment :

No

Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator :

No

Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

No

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No

Open Account Open Account

Market Wolf vs Upstox Customer Services

Market Wolf 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:

Market Wolf Upstox
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

Yes

Live Chat Facility :

Yes

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

Yes

Customer Care * Customer Care :

Info Not Available

Customer Care :

Yes

Community Service * Community Service :

No

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

Relationship Manager :

No

24/7 Support * 24/7 Support :

Yes

24/7 Support :

No

Open Account Open Account

Market Wolf vs Upstox Other Investement

Market Wolf 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:

Market Wolf Upstox
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

No

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

No

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

No

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

Market Wolf vs Upstox Trading Platform

Market Wolf 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:

Market Wolf Upstox
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

No

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

No

I-Pad App :

Yes

Virtual Trading * Virtual Trading :

No

Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

No

iPhone Mobile App :

Yes

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