An Indian low cost brokerage company called Upstox specializes in technology and offers trading possibilities at affordable rates. The business offers trading in a variety of markets, including equities, commodities, currencies, futures, and options, through its Upstox Pro Web and Upstox Pro Mobile trading platforms.
A consortium of investors, including Kalaari Capital, Ratan Tata, and GVK Davix, support Upstox.
Trading, analysis, charting, and many other advanced trading functions are available on the Upstox trading platform. This technology makes it simple to place orders online and using mobile devices. The Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS are the foundation of the Upstox trading platform (Risk Management System).
Upstox Pro offers trading in equity F&O, equity Indra-day, commodities, and currency derivatives. The premium version of Upstox for traders is called Upstox Pro.
Upstox Charges 2022 :
Upstox Account Opening Charges: Rs 249
Upstox Demat AMC: Rs 0 (Free)
Upstox Equity Delivery & Intraday Charges :
The brokerage fee for each order placed on Upstox Equity Delivery is Rs 20 or 0.1%, whichever is lesser. Trading on the Upstox Stock Exchange during the trading day costs Rs 20 (or 0.05%) each executed order (whichever is lower).
Upstox Equity F&O Charges :
It costs Rs 20 per executed order (or 0.05%) to trade on the Upstox Equity F&O exchange (whichever is lower).
Upstox Currency Charges :
The brokerage fee for trading on Upstox Currency is Rs 20 per trade, or 0.05%. (whichever is lower).
Upstox Commodity Charges :
In order to trade on the Upstox Commodity Exchange, you must pay a brokerage fee of Rs 20 (or 0.05% of the order value) (whichever is lower).
Upstox Charge Explained:
- STT: This is a sell-side only fee for intraday and F&O transactions. Delivery trades in equities incur the fee on both the buying and selling sides.
- Customer-specific stamp duties are assessed.
- To account for the Goods and Services Tax (GST), 18% is added to the sum of the brokerage fee and the transaction fee.
- The SEBI Turnover Fee is Rs. 10 per Crore.
Other Charges (Upstox Broker Hidden Charges / Fees):
- Call & Trade: Rs. 20 for each order that is filled
- Physical contract notes cost Rs. 25 each + courier fees.
(Free electronic contract notes.)
- Fee for an immediate money transfer: Rs. 7 per transfer
Upstox Trading Software (Upstox Trading Platforms) :
Upstox offers trading through its website and mobile app. RKSV built Upstox’s trading platform internally to make it very simple to place orders via mobile and web browser. No trading terminal is currently accessible through Upstox.
Upstox Pros and Cons :
Upstox Pros –
- Demat account maintenance fees are Rs 0.
- Flat Rs 20 per trade brokerage for all trading segments at BSE, NSE, and MCX, including delivery, intraday, and F&O.
- Available for both Android and iOS smartphones is a mobile trading app. No software makes use of fees.
- Both web and mobile versions of After Market Order (AMO) and Cover Order are available.
- Web and mobile versions of Trailing-Stop/Stop-Loss (SL) are both available.
- It is possible to place Good-Till-Triggered (GTT) orders for commodities and equity.
- Multiple indicators are available on the Upstox Pro Web Trading Platform to monitor markets while on the go.
- Using the AmiBroker AFL editor, Upstox Bridge for AmiBroker enables you to code and carry out your trading strategy.
- Using programming languages like Python, the Upstox Developer Console enables you to create your own trading application.
- The Upstox Option Chain Tool aids traders in obtaining information about Spot, Future, vertical rate comparisons, circuit levels, Open High Low Close, and market depth. Customers can check greeks, assess volatility, open interest, and performance indicators.
- You can invest in thousands of mutual funds with the Upstox MF Platform. Customers can choose between the lumpsum and SIP investment patterns.
- There is a margin against shares option.
- There is an online IPO Application (UPI) option.
- For slabs of Rs 40,000, the Margin Trading Facility (MTF) is offered at an interest rate of Rs 20 per day.
Upstox Cons –
- Per trade, equity delivery brokerage costs Rs 20. The majority of other brokers offer brokerage-free stock market investments.
- Delivery transactions are not eligible for margin funding.
- Upstox doesn’t provide monthly trading plans that are limitless.
- An additional Rs. 20 (Rs. 20 for brokerage plus Rs. 20 for call and trade fee) is payable for each executed order.
- If the customer does not square off their intraday MIS/BO/CO orders, an additional Rs 20 per completed transaction is levied.
- doesn’t offer stock recommendations or ideas.
- Due to the lack of financial services offered by the company, 3-in-1 accounts are not offered.
- There isn’t a 24/7 customer care line.
- There is no longer an Upstox NRI Trading and Demat account available (since Jan 2018).
- The API is not accessible through Upstox for automated trading.
Upstox Margin Exposure :
Depending on the stock, upstox margin for intraday trading is up to 20% of trade value (maximum 5x leverage). At BSE, NSE, and MCX, the Upstox F&O intraday trading margin is 1.3x for equity, currency, and commodity trading. For Upstox F&O carry forward positions and equities delivery trades, no additional margin is provided.