Upstox vs Nuvama
Side by side comparison of active clients, charges, and regulatory track records.
Detailed head to head comparison
| Metric | Upstox | Nuvama |
|---|---|---|
| Broker Type | Discount | Full service |
| Active Clients | - | - |
| Market Share | - | - |
| Complaints per 10k clients | - | - |
| Complaint Resolution | - | - |
| Reliability Score | 93.6/100 | 94.1/100 |
| Delivery Brokerage | - | - |
| Intraday Brokerage | - | - |
| F&O Brokerage | - | - |
| Demat AMC / Year | - | - |
| Account Opening | Free | Free |
| Head Office | Mumbai | Mumbai |
| Founded | 2009 | 2008 |
| SEBI Registration | - | INZ000005231 |
| Segments | Equity delivery, Equity F&O, Currency, Commodity | Equity delivery, Equity F&O, Currency, Commodity |
| Defaulter List Status | No | No |
Frequently asked questions
How do brokerage charges compare between Upstox and Nuvama?
For equity delivery, Upstox offers - while Nuvama offers -. For intraday equity trades, Upstox charges - compared to Nuvama at -.
Which broker has more active clients, Upstox or Nuvama?
Upstox has - active clients (- market share) while Nuvama has - active clients (- market share) based on primary NSE disclosures.
What are the account opening and Demat AMC fees for Upstox vs Nuvama?
For Upstox, account opening is Free and annual Demat AMC is -. For Nuvama, account opening is Free and annual Demat AMC is -.
Is Upstox or Nuvama better for beginners?
Both Upstox and Nuvama are SEBI-registered intermediaries. Beginners often look for low delivery brokerage, intuitive mobile apps, and prompt customer support. Compare delivery charges (- vs -) and complaint rates (- vs -) to decide which matches your investment style.
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Source: SEBI recognised-intermediary register, NSE monthly active client disclosures, and official broker rate cards. Methodology · Sources & lineage · All comparisons