Upstox – 2019 Brokerage Charges & Trading Platform

About Upstox:

It is mostly known for its tech first and low-cost broking company in India which provides profitable trading opportunities with unbeatable prices in the market. It provides trading in various segments such as commodities, equities, futures, options, currency, which are available on both Upstox Pro Web and Mobile trading platforms.

The most interesting thing about this company is that it is already backed up by the most influential investors such as Kalaari Capital, Ratan Tata, and GVK Davix.

It also offers “Trade Academy” which organizes multiple seminars across many locations in India. Also, it is a member of NSE, BSE, MCX – SX.

Why trade with Upstox?

Upstox is a discount stock broker with fast and reliable and easy to use trading platforms   It is free to try and provides up to 20X margin on Intraday, the 6X margin on Futures & 4X margin on Options. There is no paperwork involved, just verify with Aadhaar to open an account within a day.So, you are provided with faster charting tools to make quick and profitable trading decisions.

Upstox Trading Platforms and its partner Platforms:

It is the second largest discount broker in India after Zerodha, which has created many innovative products, tools and trading platforms with significant features. Here is the list of the different types of platforms and products provided by Upstox to its clients.

  • Trading Platforms:
    • Upstox Pro Mobile: It is a mobile application which provides a light-weight platform which does everything that a desktop or computer does and maybe with many more features.
      • Analyze Markets smartly: You can identify trends on Upstox charts so that can help you to make more profitable and better decisions regarding trading.
      • Place Pro Orders: You can also place Pro orders such as cover orders and brackets orders on your mobile.
      • Get Price Alerts: It helps you to stay updated on the prices of the stocks which matter you the most.
      • Instant notifications: You will get timely notified by this mobile application. It keeps tracks of all your recent orders and other trading activities.
      • Trade on the Go: Even in slow bandwidth, you can have access to all your trading activities which makes it more convenient for the users.
    • Upstox Pro Web-based: It is the most powerful web-based and HTML-based trading platform in India. This platform is for the laptop/desktop users with complete convenience to trade and analyze the market.
      • Powerful Charts: Here are the best charting tools and technology available to spot market trends/latest updates and make informed decisions.
      • 100+ indicators: The client can customize their charts with 100+ indicators which can help them to become a better pro trader.
      • Place Pro orders: Upstox has simplified the way of placing the cover orders and bracket orders in comparison with its competitors.
      • One Click Trade: You can buy/sell during high volatility without skipping anything! You just have to preset your order preferences & quickly make decisions to be in and out of trades at the specified time period.
    • NEST (Desktop App):

It is an executable file which can be installed on any desktop or laptop which also offers advanced trading tools for high-frequency traders as well as investors.

  • Customizable interface: Every component is completely fully customized according to the user’s requirement. You can edit the layouts, fonts, colors, and keyboard shortcuts. Also, customize to your specific needs so that you can trade in a smarter and faster manner.
  • Low latency and enterprise level stability: The factor of stability is very important with speed and low latency in mind, NEST streams the data with the fastest possible refresh rates. It also remains stable even at high loads.
  • The multi-monitor support: It is the process of multitasking where the client can stream data to multiple components on multiple monitors.
  • Advanced Charting: You can spot the latest and ongoing trends and perform technical analysis with a wide range of indicators.
  • Advanced Order Types: Place Cover Order and Bracket Orders with ease on NEST Desktop Application.
  • Mouse and keyboard friendly: Fully customizable and accessible with keys and shortcuts to allow you to trade with high speed and precision.
  • Bridge for Amibroker: It gives right to the clients to write various strategies on AmiBroker AFL platform and place the trades on Upstox using both Upstox AmiBroker bridge and AlgoLab.
    • Seamlessly integrate with Upstox so you can generate orders from AmiBroker AFL
    • The order signals sent can be viewed on both web-based application and mobile platform for quick execution.
    • Market data feed plugin at an unbeatable price.
  • Upstox MF: In this option, you can easily match your investment portfolio with your desired financial goals using Upstox Mutual Funds.
    • Diversified Portfolio: Investing in mutual funds distributes your money across multiple equities which results in higher and better returns.
    • Reduced risk factor: As mutual funds are being looked after by the professionals, so it reduces the risk factor for the clients. Also, mutual funds are the mixture of various stocks with many profitable options which makes it more preferable than other investment options.
  • ‘Start small to dream Big’ is the most popular quote which suggests that start with a small investment and build your wealth as you go ahead.
  • Upstox Dev: This platform is for the developers who can code and build their own strategies to get real-time data. Upstox cutting-edge technology provides both libraries and documentation to guide in making any app simple and easy to use.
  • Partner Platforms:
    • Fox Trader:

It is a partner platform in which you can place strategy levels on charts, deploy the real-time scanners, perform backtesting on the FoxTrader Desktop platform and much more. It analyzes the market with several charting tools and you can experience effortless one-touch trading technology.

  • Easy Backtesting and Live Scanning: History data is always helpful to guide our future investment. Such as 300+ studies and 200+ conditions are ways to analyze past data. Also, monitor markets in real-time.
  • Automate your strategies: You can run strategies on charts & scanners and generate planned and fast orders with the help of API.
  • Sharp Analysis: Through this feature, you will get insights like never before. You can monitor market movement, follow charts and order flow.
  • Reduce your risks and maximize profits: You must determine order quantities, monitor current positions, P/L. Also, automate trailing stops & stop levels.
  • Dartstock: This platform makes the trading experience fast, efficient and productive for the clients. You can seize market opportunities at the right time amazing charting tools and analyze scrips which suit best to your trading.
    • Time & Sales Filter: It scans the entire market for trades with filters depending upon Quantity, Traded Value, Index, Sector or personalized watchlist group.
    • Live Scanner: It scans the markets for scrips in Equity & Future segments. High & Low for the day or 1 week or 2 weeks or 1 month or 1 year.
    • Trend Scanner: You can spot trends when the market is in Bullish or Bear Zone. Tracks changes in Open Interest.
    • Opportunity Finder: You can scan markets to find scrips that fit the criteria of three that include PE Ratio, Market Cap, Traded Volume, Turnover, 1-year return, etc.
    • OI Change Graph: It scans the market for trades with filters depending on Quantity, Traded Value, Index, Sector or personalized watchlist group.
    • Future Spreads: In this feature, % spreads between Near & Spot, Near & Next, Next & Spot. It shows volume for all equity scrips in the watchlist.
    • Roll Over: It shows % roll over for all equity scrips in the given watchlist.

The types of Upstox Accounts:

  • Upstox:
    • It offers some of the basic trading features in Equity Delivery segment via mobile and website.
  • Upstox Pro (₹ 20 per trade):
    • This particular trading platform is specifically for the frequent traders, who trade in both Intraday and F&O segments. It also includes some of the standard features offered in Upstox and Upstox Pro offers stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities. It also provides advanced charting techniques and tools for professional traders for technical analysis. It includes a wide range of indicators, chart types, data-rich user interface.

 

The Benefit of Opening a Trading Account:

  • Cross-platform trading:

This is one of the most innovative and cutting-edge trading software on the web, mobile, and desktop.

  • Trustable Technology:

The most important thing about Share market is that Ups and downs are a part of it. But you don’t need to worry as Upstox platforms and tools for trading are both supportive and trustable.

  • Easy on the pocket:

It is the most important benefit provided by Upstox to its client, i.e, it provides free equity deliveries such as ₹ 20/ per intraday order. So, your profits are yours and no need to spend on brokerage? It is the second largest discount broker company in India after Zerodha which offers the most profitable tools and is also most inexpensive in terms of brokerage charges.

  • Paperless account opening:

This benefit is turning into the trend in many stockbroking companies where paperless account opening and other features are more preferred. There’s no more of the hassle of physical forms and to fill them and lastly submit it. You just have to visit online and fill out the forms online with the proper details and then you are all set to trade!

 

Upstox Investment Options and its Brokerage Charges:

Upstox Account Opening Charges:
Trading Account Opening Charges (One time) ₹ 150 for Equity and F&O, ₹ 150 for Commodity
Demat Account Opening Charges (One Time) ₹ 0
Trading Annual Maintenance Charges (AMC) ₹ 0
Demat Account Maintenance Charges (AMC) ₹ 150 per year (payable upfront)

 

Upstox Demat Charges:

 

ID Transaction Charges
1 Annual Maintenance Charges (AMC) ₹ 150 per year (paid up-front every year)
2 Transaction Charges (Market/Off Market/ Inter-depository Transactions) ₹ 13 + ₹ 5.50 (CDSL charges) per scrip
3 Pledge Charges Creation / Closure and confirmation of both 0.02% of transaction charges subject to a minimum of ₹ 50 + NSDL/CDSL charges at actual
4 Pledge Charges for Invocation 0.05% of transaction charges subject to a minimum of ₹ 50 + NSDL/CDSL Charges at actual
5 Dematerialization Charges ₹ 2 per certificate + courier charges of ₹ 35 per demat request for every 500 grams.
6 Rematerialization Charges ₹ 25 per certificate or 0.05% of the value whichever is higher
7 SLB Charges For Securities Borrowing: ₹ 25 + NSDL/CDSL charges at actual

For Securities Lending: ₹ 25 + NSDL/CDSL charges at actual

8 Repurchase/Redemption Charges ₹ 25 per transaction + Depository  charges at actual
9 Failed or rejected transactions ₹ 50 per transaction
10 Demat rejection charges ₹ 35 per rejection for every 500 grams
11 Adhoc / Non-Periodic statement requests Adhoc statement requests – ₹ 25 (₹ 500 for foreign address) per request up to 10 pages. Every additional 5 pages or a portion thereof will be charged at ₹ 10 + courier/postage charges
12 Email requests Free periodic bills, transaction statement, and other communication through email
13 Cheque bounce charges Charges applied based on charges as determined by our banks.

 

Equity:

 

Upstox  Charges Equity Delivery Equity Intraday Equity Futures Equity Options
Brokerage Zero brokerage 0.01% or ₹ 20/ per executed order whichever is lower 0.01% or ₹ 20/ per executed order whichever is lower Flat ₹ 20 per executed order
STT/CTT 0.1% on both buy/sell 0.025% only on sell side 0.1% only on sell side 0.1% only on sell side
Transaction Charges NSE: 0.00325% per trade on buy and sell

BSE: charges vary as per the scrip group

NSE: 0.00325% per trade on buy and sell

BSE: charges vary as per the scrip group

NSE: Exchange turnover charge: 0.0019%

Clearing Charge: 0.0002%

NSE: Exchange turnover charge: 0.05%

Clearing Charge: 0.005%

Demat Transaction Charges ₹ 18.5 per scrip per day only on sell. No Charges No Charges No Charges
GST 18% (on demat  charges + transaction + brokerage) 18% (on brokerage + transaction charges) 18% (on transaction & Clearing charges + brokerage) 18% (on brokerage + transaction & Clearing charges)
SEBI Charges ₹ 15 / crore ₹ 15 / crore ₹ 15 / crore ₹ 15 / crore

 

Currency:

 

Upstox  Charges Equity DeliveryEquity IntradayEquity FuturesEquity Options

Upstox Charges Currency Futures Currency Options
Brokerage 0.01% or ₹ 20 / per executed order whichever is lower Flat ₹ 20 per executed order
STT/CTT No STT No STT
Transaction Charges NSE:

Exchange turnover charge: 0.0009%

Clearing Charge: 0.0004%

BSE:

Exchange turnover charge: 0.00022%

Clearing Charge: 0.0004%

NSE:

Exchange turnover charge: 0.04%

Clearing Charge: 0.025%

BSE:

Exchange turnover charge: 0.001%

Clearing Charge: 0.025%

GST 18% (on brokerage + transaction charges) 18% (on brokerage + transaction charges)
SEBI Charges ₹ 15 / crore ₹ 15 / crore

 

Commodities:

 

Upstox Charges Commodity Futures Commodity Options
Brokerage 0.01% or ₹ 20 / per executed order whichever is lower Flat ₹ 20 / per executed order
STT/CTT 0.01% on sell side (Non-Agri)  0.05% on sell trade
Transaction Charges Non-Agri:

Exchange turnover charge: 0.0026%

Clearing Charge: 0.0005%

Exchange turnover charge: 0

Clearing Charge: 0.002% on buy + sell (₹ 200/ crore)

GST 18% (on brokerage + transaction charges) 18% (on brokerage + transaction charges)
SEBI Charges ₹ 15 / crore ₹ 15 / crore

 

 

Upstox Pros and Cons

  • Advantages:
    • It offers low brokerage to all of its clients with decent trading platforms such as Upstox Pro Web, Upstox Pro Mobile, and NEST Trading terminal.
    • It provides reasonable exposure and offers brokerage free trading in Equity Delivery segment.
    • Trailing-Stop or Stop-Loss option is also available in both web and mobile application.
    • The web trading platform of Upstox offers multiple indicators to monitor every update on the market.
    • Upstox provides developer console platform where you can code and build your own trading app using languages such as Python.
    • The option of Margin against Shares is available.
    • The Option Chain tool helps the traders to find out about future prices, comparison of rates and much more. It allows the clients to measure open interest, volatility, performance indicator and much more.
  • Disadvantages:
    • The customer service is average because of the low brand trust.
    • There are no provisions to invest in IPOs, FPOs or mutual funds
    • The Call and Trade feature requires additional ₹ 20 per trade.
    • GTC (Good Till Canceled) orders are not available in Equity Segment.

 

Complaints received by Customer:

 

  • The year 2015: Total complaints were 10 and it was able to resolve 100% of the complaints.
  • The year 2016: Total complaints were 21 and it was able to resolve 100% of the complaints.
  • The year 2017: Total complaints were 19 and it was able to resolve 84% of the complaints. Rest 16% remains unsolved.
  • The year 2018: Total complaints were 52 and it was able to resolve 100% of the complaints.

 

FAQs (Frequently Asked Questions):

 

Q1. What is OCO order in Upstox?

A1. It is a one-cancels-the-other order (OCO) is a pair of orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order combines a stop order with a limit order on an automated trading platform.

 

Q2. Can I open only trading account in Upstox?

A2. You can open a trading account with Upstox. You have to provide identity proofs and financial documents in order to open a bank account. You need similar proofs in order to open a trading account. You can use a sophisticated trading platform like Upstox Pro Web and/or Upstox Pro Mobile and place your trades.

 

Q3. What is used margin in Upstox?

A3. The terms “margin” and “exposure” are used interchangeably. If a broker is providing “2x exposure,” that is the same as saying that the broker is providing “50% margin.” For example, assume that you have Rs. 10,000 in your trading account and your broker is providing you 50% margin (2x exposure) on Futures.

 

Q4. What is the exposure margin?

A4. The initial margin required for the positions is computed using a software called SPAN (Standard Portfolio Analysis of Risk). The exposure margin is the margin which is charged over and above the SPAN margin which is the discretion of the broker.

 

Q5. What is the trading software that you provide?

A5. Upstox provides three types of trading platforms which are listed below:

  • Upstox Pro Web which you can access from your favorite browser.
  • Upstox Pro Mobile which is available on both Android and iOS that helps you trade on-the-go.
  • NEST Trading terminal.
Q6. Who are the owners of the Company? Weren’t you RKSV Securities before?

A6. RKSV Securities changed to Upstox to reflect the mission of the company which is to provide an intuitive trading software at a great price.

 

Contact Us:

The link given below directs you to the Contact and Branch locator Page in which information regarding Branch offices addresses across India are being located with contact information.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.