Upstox Review 2023
Upstox Pro Trading App: Features, Benefits & Comparison
Upstox is India’s tech-first low cost broking firm offering trading opportunities at unbeatable competitive rates across various segments, such as stocks, commodities, currency futures and options – accessible on its Upstox Pro Web and Upstox Pro Mobile trading platforms.
Upstox is supported by an international consortium of investors including Kalaari Capital, Ratan Tata and GVK Davix.
Upstox trading platform provides trading, analysis and charting features which make placing orders simple from mobile phones or web browsers. Built upon Omnesys NEST OMS (Order Management System) and Omnesys NEST RMS (Risk Management System).
Upstox Pro offers trading in Equity F&O, Equity Indra-Day, Commodities, and Currency Derivatives through Upstox’s paid service for traders – Upstox Pro.
Upstox Charges 2023
Upstox Account Opening Charges: Rs 0 (Free)
Upstox Demat AMC: Rs 150 per year
Upstox Equity Delivery & Intraday Charges
Upstox equity delivery brokerage fees start from Rs 20 or 2.5% (whichever is lesser per order), while intraday brokerage rates for executed orders is 20 rupees or 0.025%, depending on which is lower.
| Upstox Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | Rs 20 per executed order or 0.05% (whichever is lower) |
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
| Demat Transaction Charges | Rs 18.5 per scrip (only on sell) | Rs 0 |
Upstox Equity F&O Charges
Upstox Equity F&O brokerage fees start from Rs 20 or 0.05% of an executed order (whichever is the greater).
| Upstox Charges | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| Securities Transaction Tax (STT) | 0.1% (on Sell Side) | 0.05% (on Sell Side) |
| Transaction / Turnover Charges | Rs 190 per Cr (0.0019%) | Rs 5000 per Cr (0.05%) (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
| Demat Transaction Charges | Rs 0 | Rs 0 |
Upstox Currency Charges
Upstox Currency brokerage costs Rs 20 or 0.05% (whichever is lesser).
| Upstox Charges | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| Securities Transaction Tax (STT) | No STT | No STT |
| Transaction / Turnover Charges | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Upstox Commodity Charges
Upstox Commodity brokerage charges either Rs 20 per executed order, or 0.050% (whichever is less).
| Upstox Charges | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| Securities Transaction Tax (STT) | 0.01% on sell trade (Non-Agri) | 0.05% on sell trade |
| Transaction / Turnover Charges | Group A - Rs 260 per Cr (0.0026%) | N/A |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Charge Explained:
- STT: Sell side Transaction Tax is charged only on intraday and F&O trades; delivery trades in Equity incur both charges.
- Stamp Duty: Charges vary according to where a customer resides in each state.
- Goods and Services Tax (GST): GST will be assessed as 18% of the total brokerage and transaction charges cost.
- SEBI Turnover Fees: SEBI turnover fees are assessed at Rs 10 per Crore of turnover volume.
Other Charges (Upstox Broker Hidden Charges / Fees):
- Call and Trade Order Executions cost Rs 20 each,
- Physical contract notes will cost Rs 25 each plus courier charges (digital contract notes are free of charge).
- Instant Money Transfer fee per transfer : Rs 7.
Upstox Online Account Opening
To open an account with Upstox; please leave your information and one of their representatives will reach out shortly.
Upstox Pros and Cons
Here are the advantages of Upstox: it must read both its advantages and disadvantages before opening an account with Upstox; reading upstox pros and cons can help determine whether Upstox meets your investment needs or not.
Pros
- No fees apply when opening online accounts.
- Flat Rs 20 brokerage per trade for delivery, intraday and F&O transactions.
- No software licence fees apply and advance order types such as AMO, CO, SL and GTT can be ordered as required.
- Margin Trading Facility (MTF) can be obtained with interest charges of Rs 20/day on slabs of Rs 40,000 or above.
- Margin against Shares is now available.
- Upstox Pro Web Trading Platform features several indicators to keep tabs on markets while on-the-go.
- Upstox Bridge for AmiBroker provides you with everything you need to successfully code and implement your trading strategy using the AmiBroker AFL editor.
- Upstox Developer Console makes it simple and efficient for you to code (develop) your own trading app using popular programming languages such as Python.
- Upstox Option Chain Tool assists traders in quickly finding out Spot, Future prices and vertical comparison of rates; circuit levels; Open High Low Close; market depth as well as measuring volatility, open Interest performance indicator greeks are available as additional services to users.
- Upstox MF Platform offers hundreds of mutual funds that customers can invest in using either Lump Sum or SIP investment plans.
Cons
- Brokerage fees associated with stock deliveries typically amount to Rs 20 per trade; many brokers offer such deliveries without additional brokerage costs.
- Upstox does not offer unlimited monthly trading plans.
- Margin funding isn't currently available for delivery trades.
- Does not offer stock tips or recommendations.
- Provides only 2-in-1 accounts.
- Not providing 24/7 customer support.
- Does not provide API access for automated trading.
- Do not offer NRI Trading and Demat accounts.
- Call-and-trade fees start from Rs 20 per executed order.
- Automatic settlement costs an extra Rs 20 for every successfully executed order.
Upstox ₹0 AMC Plan
Account Opening Charges
Free
Equity Intraday Brokerage
₹20
Research Reports & Trading Calls
No
Equity Delivery Brokerage
–₹0
Account Maintenance Charges
₹20+Tax/Month
F&O/ Commodity Brokerage
–₹20
Broker Type
Discount
API Charges
₹0 per Month
Features of Upstox Trading App
Upstox provides mobile and website-based trading. RKSV built its trading platform specifically to make placing orders simple from both devices; currently no trading terminal is offered by Upstox.
User-friendly Interface
The app has a user-friendly interface that allows investors to trade with ease. It has a simple and intuitive design that makes it easy for even novice investors to use the app.
Real-time data and alerts
The app provides real-time market data and news updates to keep investors informed about the latest market trends and news.
Advanced Charts
The app has advanced charting tools that help investors analyze stocks and other securities in detail. These charts include technical indicators, trend lines, and other useful tools.
Research Reports
The app provides comprehensive research reports on stocks and other securities that help investors make informed decisions.
One-Click Trading
The app allows investors to trade with just one click, making it easier to place orders quickly.
Multiple Order Types
The app supports multiple order types, including limit orders, stop-loss orders, and market orders, which give investors more control over their trades.
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