Upstox vs Goodwill Wealth – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Goodwill Wealth here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Goodwill Wealth.

Background

Year of Incorporation 2010 2008
Website https://upstox.com/ https://www.gwcindia.in/
Phone 022-41792999 044 4032 9999
Exchanges enabled NSE, BSE & MCX BSE, NSE, MCX
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery 0.33% on Delivery & 0.03% on Intraday
Equity Futures Rs 20 or 0.05% per executed order 0.03% per Executed Order
Equity Options Rs 20 or 0.05% per executed order Rs 30 per lot
Currency Futures Rs 20 or 0.05% per executed order 0.03% per executed order
Currency Options Rs. 20 per lot Rs 30 per lot
Commodity Rs 20 per executed order Rs 30 per lot
Account Opening Costs

Trading only Free Rs. 200
Trading & Demat Zero Rs. 200
Commodity Zero Rs. 200
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.00325% (NSE) & 0.00375% (BSE)
Futures 0.0021% on Turnover 0.0019% (NSE & BSE)
Options 0.059% on Premium Turnover 0.05% (on premium)
Commodities 0.0036% on Turnover 0.00436% of Turnover
AMC charge Zero Rs.350 per Year
DP Transaction Charge Rs 18.5 per debit transaction Rs 30 per Scrip
Offline order placing Charge Rs 25 per order placed on the phone Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 7 Days
End of Day 10 years 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 5x on Intraday and Upto 1x on Delivery Upto 2x for Delivery & Upto 5x for Intraday
Equity Futures Upto 4x for intraday Upto 2x
Equity Options Buying no leverage, shorting upto 4x for intraday Upto 5x
Currency Futures Upto 4x for intraday Upto 2x
Currency Options Buying no leverage, shorting upto 4x for intraday Upto 3x
Commodity Upto 3x for intraday Upto 5x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 0 Rs 10.67 Lakhs
Profit after Tax FY12/13 0 Rs 10.71 Lakhs
Profit after Tax FY13/14 0 Rs 13.38 Lakhs
Profit after Tax FY 14/15 0 Rs 15.82 Lakhs
Profit after Tax FY 15/16 0 Rs 22.88 Lakhs
Profit after Tax FY 16/17 0 Rs 30.17 Lakhs
Profit after Tax FY 17/18 0 Rs 32.22 Lakhs
Profit after Tax FY 18/19 0 Rs 39.36 Lakhs
Profit after Tax FY 19/20 0 Rs 38.00 Lakhs
Profit after Tax FY 20/21 0 Rs 45.85 Lakhs
Profit after Tax FY 21/22 0 Rs 50.41 Lakhs
Profit after Tax FY 22/23 Rs 25 Crores Rs 53.66 Lakhs
Debt FY11/12 0 Rs 12.27 Lakhs
Debt FY12/13 0 Rs 16.53 Lakhs
Debt FY13/14 Rs 15.38 Crores Rs 16.32 Lakhs
Debt FY14/15 Rs 25.77 Crores Rs 18.71 Lakhs
Debt FY15/16 Rs 52.13 Crores Rs 12.87 Lakhs
Debt FY16/17 Rs 108.44 Crores Rs 19.81 Lakhs
Debt FY17/18 Rs 112.87 Crores Rs 11.07 Lakhs
Debt FY18/19 Rs 143.11 Crores Rs 17.64 Lakhs
Debt FY19/20 Rs 193.56 Crores Rs 19.66 Lakhs
Debt FY20/21 Rs 283.91 Crores Rs 12.46 Lakhs
Debt FY21/22 Rs 374.18 Crores Rs 14.41 Lakhs
Debt FY22/23 Rs 439.40 Crores Rs 16.35 Lakhs
Profit to Equity(%) FY11/12 0 11.13%
Profit to Equity(%) FY12/13 0 13.28%
Profit to Equity(%) FY13/14 0 14.33%
Profit to Equity(%) FY14/15 0 14.42%
Profit to Equity(%) FY15/16 0 18.15%
Profit to Equity(%) FY16/17 0 17.74%
Profit to Equity(%) FY17/18 0 17.53%
Profit to Equity(%) FY18/19 1.99% 18.68%
Profit to Equity(%) FY19/20 6.54% 18.09%
Profit to Equity(%) FY20/21 8.01% 19.37%
Profit to Equity(%) FY21/22 10.58% 20.81%
Profit to Equity(%) FY22/23 11.15% 21.97%
Balance Sheet Size FY11/12 Rs 2316.23 Crores Rs 2094.36 Crores
Balance Sheet Size FY12/13 Rs 2825.10 Crores Rs 2718.97 Crores
Balance Sheet Size FY13/14 Rs 3532.97 Crores Rs 3054.10 Crores
Balance Sheet Size FY14/15 Rs 4248.78 Crores Rs 3146.81 Crores
Balance Sheet Size FY15/16 Rs 4349.94 Crores Rs 3373.32 Crores
Balance Sheet Size FY16/17 Rs 4550.25 Crores Rs 3594.45 Crores
Balance Sheet Size FY17/18 Rs 4858.87 Crores Rs 3875.20 Crore
Balance Sheet Size FY18/19 Rs 5163.55 Crores Rs 4280.67 Lakh
Balance Sheet Size FY19/20 Rs 5375.90 Crores Rs 4503.50 Crores
Balance Sheet Size FY20/21 Rs 5889.52 Crores Rs 4314.17 Crores
Balance Sheet Size FY21/22 Rs 6005.55 Crores Rs 5287.38 Crores
Balance Sheet Size FY22/23 Rs 6316.10 Crores Rs 5821.90 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Upstox or Goodwill Wealth?

Upstox Securities and Goodwill Wealth are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Upstox and Goodwill Wealth offer mobile trading apps?

Yes, both Upstox Securities and Goodwill Wealth provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Goodwill Wealth and Upstox?

The account opening charges by brokers Upstox and Goodwill Wealth for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Upstox and Goodwill Wealth are SEBI-registered brokers with good reputations. Upstox is known for its trading platforms, while Goodwill Wealth is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Upstox and Goodwill Wealth offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.