The comparison between Lemonn, Upstox, and Rupeezy highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Lemonn is known for its user-friendly trading experience and reliability, while Upstox stands out for offering competitive brokerage rates and an advanced mobile trading platform. Rupeezy provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 8.27 Lakhs, 23.78 lakh, and 32000 users respectively, reflecting their popularity among investors. Overall, this comparison of Lemonn, Upstox, and Rupeezy helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their offerings. Lemonn provides 4 for Overall Rating, while Upstox offers 4.5 and Rupeezy features 4.
| Services / Features | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE | NSE, BSE |
| Active Clients | 8.27 Lakhs | 23.78 lakh | 32000 |
| Broker Overview | Lemonn Review | Upstox Review | Rupeezy Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Lemonn, Upstox, and Rupeezy reveal significant differences in their offerings. Lemonn provides N/A trading and demat account opening, while Upstox offers Free and Rupeezy features Zero.
| Account Opening Charges and AMC | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Trading Account Opening | — | Free | Zero |
| Trading AMC | — | ₹300 | — |
| Demat Account Opening | — | Free | — |
| Demat AMC | ₹250 + GST per year | ₹300 | ₹25 + GST Monthly |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their offerings. Lemonn provides - plans, while Upstox offers - and Rupeezy features No.
| Brokerage Plans | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Multiple Plans | - | - | No |
| Monthly Plans | - | - | No |
| Yearly Plans | - | - | No |
Brokerage Charges
This comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their brokerage charges. Lemonn charges ₹20 per executed order brokerage on equity delivery and intraday, ₹20 per executed order for futures, and ₹20 per executed order for options. Upstox charges ₹20 brokerage on equity delivery and intraday, ₹20 or 0.1% for futures, and ₹20 for options. Rupeezy charges 0.1% brokerage on equity delivery and intraday, ₹20 / order for futures, and ₹20 / order for options.
| Brokerage Charges | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | ₹20 per executed order | ₹20 | 0.1% |
| Equity Intraday | ₹20 per executed order | ₹20 or 0.1% | ₹20 or 0.1% |
| Equity Futures | ₹20 per executed order | ₹20 or 0.1% | ₹20 / order |
| Equity Options | ₹20 per executed order | ₹20 | ₹20 / order |
| Currency Futures | ₹20 or 0.5% | 0.1% buy & sell | |
| Currency Options | ₹20 | ₹20 or 0.1% (lower) | |
| Commodity Futures | ₹20 / order | ||
| Commodity Options | ₹20 / order | ||
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹50 per ISIN | ₹75 + GST | ₹25 per order + GST |
| Auto Square Off Charges | ₹50 per ISIN | ₹75 + GST | ₹25 per order + GST |
| Brokerage Calculator |
Transactions Charges
This comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their transactions. Lemonn provides N/A for Transaction Charges Equity Delivery, while Upstox offers NSE: 0.00297% per trade and Rupeezy features NSE: 0.00297% | BSE: 0.00375%.
| Transactions Charges | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Equity Delivery | — | NSE: 0.00297% per trade | NSE: 0.00297% | BSE: 0.00375% |
| Equity Intraday | — | NSE: 0.00297% per trade | NSE: 0.00297% | BSE: 0.00375% |
| Equity Futures | — | NSE: 0.00188% | NSE: 0.0019% | BSE: 0 |
| Equity Options | — | NSE: 0.0495% (on premium) | NSE: 0.03503% (premium) | BSE: 0.0325% (premium) |
| Currency Futures | — | NSE: 0.00035% BSE: 0.00045% | NSE: 0.00297% | BSE: 0.00375% |
| Currency Options | — | NSE: 0.0311% BSE: 0.001% | NSE: 0.00297% | BSE: 0.00375% |
| Commodity | — | 0.05% | Exchange: 0.0418% |
Account Features
These are the notable distinctions in the account features of Lemonn, Upstox, and Rupeezy when compared.
| Account Features | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | Yes |
| NRI Trading | No | No | Yes |
Trading Platforms
The trading platforms comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their offerings. Lemonn, Upstox and Rupeezy provide web trading platforms and mobile trading platforms.
| Trading Platforms | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Lemonn | Upstox | Rupeezy |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Download | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Free | Nil |
Broker Ratings
The broker ratings comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their offerings. Lemonn provides 4 for Fees Ratings, while Upstox offers 4.3 and Rupeezy features 4.
| Broker Ratings | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Fees Ratings | 4 | 4.3 | 4 |
| Trading Brokerage Rating | 4 | 4.4 | 4 |
| Trading Platform Usability | 4 | 4.4 | 4 |
| Customer Service Ratings | 4 | 4.2 | 4 |
| Overall Ratings | 4 | 4.3 | 4 |
Investment Offerings
This comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their investment offerings. Lemonn provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Upstox provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and Rupeezy provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | Yes | No |
| Other Investment Options | Yes | Yes | Yes |
Customer Support Offered
The customer support comparison between Lemonn, Upstox, and Rupeezy reveals variations in their service offerings across different channels and availability.
| Customer Support Offered | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| 24/7 Customer Service | No | No | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | No | No | No |
| Through Branches | Yes | Yes | Yes |
| Customer Care Number | +918035769929 | 022-41792999 | 07556693322 |
| Account Opening Process | Online | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | https://upstox.com/uplearn/ | https://rupeezy.in/blog |
| Head Office Address | Galaxy, Unit No. 603, A Wing, Everest Grand, Mahakali Caves Road, Opp. Ahura Centre, Andheri East, Chakala Midc, Mumbai, Maharashtra – 400093 | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 | Astha Credit & Securities Pvt Ltd F-01,138/42, Usha Preet, Malviya Nagar, Bhopal (MP) 462003 |
| Website | https://lemonn.co.in/ | https://upstox.com/ | https://rupeezy.in/ |
Research and Reports
The research and reports comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their offerings.
| Research and Reports | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Lemonn, Upstox, and Rupeezy reveals significant differences in their demat account charges. Lemonn provides CDSL for DP Source, while Upstox offers CDSL and Rupeezy features NSDL & CDSL.
| Demat Account Charges | Lemonn | Upstox | Rupeezy |
|---|---|---|---|
| DP Source | CDSL | CDSL | NSDL & CDSL |
| DP ID | 96400 | 81800 | NSDL-IN303420 | CDSL-94500 |
| Demat Account Annual Maintenance Charges (AMC) | ₹250 + GST per year | Rs 300 | Rs 300 per year |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | — | — | — |
| Demat | ₹150 per certification + courier fees | — | — |
| Remat | ₹150 per certification + courier fees | — | — |
| Pledge Creation | ₹20 per ISIN | ₹20 + GST per scrip | ₹25 + GST |
| Pledge Creation Confirmation | ₹20 per ISIN | Yes | ₹25 + GST |
| Pledge Closure | ₹20 per ISIN | ₹20 + GST per scrip | ₹25 + GST |
| Pledge Closure Confirmation | ₹20 per ISIN | Yes | ₹25 + GST |
| Pledge Invocation | ₹20 per ISIN | ₹20 + GST per scrip | ₹25 + GST |
| Failed Instruction Charges | ₹13.5 + GST | ₹50 per transaction | Nil |
| Other Charges | No | No | Nil |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Lemonn |
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| Upstox |
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| Rupeezy |
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Frequently Asked Questions
The account opening charges vary significantly: Lemonn charges Not specified, Upstox charges Free, and Rupeezy charges Zero. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Lemonn offers ₹20 per executed order for equity intraday, Upstox provides ₹20 or 0.1%, and Rupeezy charges ₹20 or 0.1%. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Lemonn offers 4, Upstox provides 4.5, and Rupeezy features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Lemonn has 4 support, Upstox offers 4.4, and Rupeezy provides 3. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Lemonn with 4, Upstox with 4.4, and Rupeezy with 4. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Lemonn (Yes), Upstox (Yes), and Rupeezy (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Lemonn offers user-friendly platforms with educational resources, Upstox provides competitive pricing with intuitive interfaces, and Rupeezy combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Lemonn focuses on intuitive design and quick execution, Upstox emphasizes advanced charting and analysis tools, while Rupeezy balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.

