Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. The Upstox. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata. It became popular due to its easy account opening procedure which is free, and a flat trading cost of ¹20. Upstox helps customers trade across domains of equity (delivery & intraday), derivatives (future & options), and currencies.
In today’s world, where everyone wants to be as luxurious as celebrities, the regular income is not at all enough. People aspire to buy all the luxuries and amenities as soon as possible. To fulfill their such wishes they tend to increase the horizon of their earnings, which could give them a hope of additional income with no further time investment.
In such a case, online trading platforms have come as a solution to this problem. There is a long list of online trading platforms which provides services in the investment and trading but one of the most reliable and sensible application is Upstox.
Upstox is one amongst the best discount brokers available in India, especially for the traders. On One side the Upstox provides it’s traders with the fastest trading platforms which are the main need to book the high profits in day trading. On the other side, its highly convenient as you only need to pay only a flat Rs 20 per trade irrespective of your trade volume.
In this article we are going to give a comprehensive review of this discount broker who have been making big in the industry since the past few years.
About Upstox
The company, Upstox is a tech-first low cost broking firm in India that is providing trading opportunities at indomitable prices. This company provide trading on different segments such as commodities, equities, currency, futures, options which are accessible on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms.
Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata and GVK Davix.
This trading platform offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
The best thing about Upstox is that it offers absolutely free trading account and also free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders.
Note: Get the unbiased review of Upstox and check its trading app, Demat account opening charges,Upstox brokerage, margin, plans, features, investment option, ratings & review for free on Select by Finology.
Ratings of Upstox
Overall Rating
2.5/5
Fees
3.5/5
Brokerage
3.6/5
Usability
2.7/5
Customer Service
2.4/5
Research Capabilities
2.4/5
A comparison of upstox trading plans
As stated above there are two different plan in the upstox namely, upstox basic plan and upstox priority pack. Let’s see what’s the difference between the two.
Segment
Upstox Basic Plan
Upstox Priority Pack
Brokerage - Equity Delivery
Free
Free
Brokerage - F&O, Commodity, Currency
¹20 per trade or 0.05% (whichever is lower)
¹30 per trade or 0.05% (whichever is lower)
Margin - Intraday
NSE/BSE Cash
15x
20x
Index Futures
4x
5x
Stock Futures
4x
4x
Index Option Sell
4x
5x
Stock Option Sell
4x
4x
NSE Currency
4x
4x
MCX Future
2.5x
3x
Margin - CO/OCO Orders
NSE/BSE Cash
20x
25x
Index Futures
10x
14x
Stock Futures
4x
6x
NSE Option Buy
1.33x
2x
Index Option Sell
4x
5x
Stock Option Sell
4x
4x
NSE Currency
4x
5x
MCX Future
3x
4x
What are the charges in the Upstox?
Though the platform upstox is completely online but still there are some charges that the trader is required to pay while a wailing the services from the Upstox. Here, we will look at some charges that upstox is charging currently.
Upstox Prepaid Brokerage Plans (¹249, ¹499 or ¹999)
Each and every upstox customer wants to purchase one of the following prepaid brokerage plans so that he can open Upstox account. It is necessary for a trader to buy a prepaid brokerage plan with this platform, upstox. This plan is also mandatory for those people who would want to do only equity delivery trades which are free from the brokerage.
Plan
Customer Pays
Customer gets brokerage worth
Extra brokerage earned
Standard Plan
¹249
¹400
¹151
Advanced Plan
¹499
¹1,000
¹501
Premium Plan
¹999
¹2,500
¹1501
Upstox Equity Delivery Charges & Intraday Charges
Upstox Charges
Equity Delivery
Equity Intraday
Brokerage
¹0
¹20 per executed order or 0.05% (whichever is lower)
STT
0.1% on both Buy and Sell
0.025% on the Sell Side
Transaction Charges
¹325/crore
¹325/crore
Demat Transaction Charges
¹18.5 per scrip (only on sell)
¹0
GST
18% (on Brokerage + Transaction Charges)
18% (on Brokerage + Transaction Charges)
SEBI Charges
¹5/Crore
¹5/Crore
Stamp Duty
*
*
Upstox Equity Future and Options Charges
Upstox Charges
Futures
Options
Brokerage
¹20 per executed order or 0.05% (whichever is lower)
Flat ¹20 per executed order.
STT
0.1% (on Sell Side)
0.1% (on Sell Side)
Transaction Charges
¹210/crore
¹5500/crore on premium turnover
Demat Transaction Charges
¹0
¹0
GST
18% (on Brokerage + Transaction Charges)
18% (on Brokerage + Transaction Charges)
SEBI Charges
¹5/Crore
¹5/Crore
Stamp Duty
*
*
What are the Upstox Currency Charges?
Upstox Currency brokerage charge is ¹20 per committed order or 0.05%.
Upstox Charges
Currency Futures
Currency Options
Brokerage
¹20 per executed order or 0.05% (whichever is lower)
Flat ¹20 per executed order.
STT
No STT
No STT
Transaction Charges
NSE: 0.00013% | BSE: 0.00062%
NSE: 0.065% | BSE: 0.026% (on premium)
GST
18% (on Brokerage + Transaction Charges)
18% (on Brokerage + Transaction Charges)
SEBI Charges
¹5/Crore
¹5/Crore
Stamp Duty
*
*
What are the Upstox Commodity Charges?
The Commodity brokerage of Upstox is ¹20 per executed order or 0.05%.
Upstox Charges
Commodity Futures
Commodity Options
Brokerage
¹20 per executed order or 0.05% (whichever is lower)
Flat ¹20 per executed order.
STT
0.01% on sell trade (Non-Agri)
0.05% on sell trade
Transaction Charges
0.0031%
0.002%
GST
18% (on Brokerage + Transaction Charges)
18% (on Brokerage + Transaction Charges)
SEBI Charges
¹5/Crore
¹5/Crore
Stamp Duty
*
*
What are the hidden charges under Upstox?
Final Words
As it was said above, the needs of people are never-ending and nowadays it has become necessary for each person to try hands in different fields so that there is increase in the perimeter of their earnings.
Trading is definitely the best option where you could earn without any additional efforts. Upstox comes as one of the most reliable and and sensible platforms for beginners as well as professionals. The application of Upstox is designed in such a manner that it suits both of the groups.
Day by day, upstox is coming up with new features and services that is increasing its customer base and is truly making upstox the best and a leading trading platform of the smart future.
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