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Orb52

Upstox Broker Complete Details

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Upstox is one of the most preferred stockbrokers with the client base increasing many times when compared to other brokers. It is a technological stockbroking platform with tools built to simplify stock trading for new investors and traders. Because of its Competitive pricing and custom-built trading tools, the platform is growing over the past few months.

Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.

Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.

Upstox is one of India’s fastest-growing brokers. A fast, reliable and easy-to-use trading platform with paperless account opening. Because of its easy account opening and simplified process, a lot of new investors who are new to stock markets find it very simple to start investing in companies.

The pricing model of Upstox is also so competitive that it offers Zero brokerage for Equity delivery and a flat brokerage for Futures and Options, Commodities trading.

Review

Upstox has a simplified paperless accounting opening process which makes it easy to open an account for new investors or traders. According to our analysis, the customer service of upstox is very good and is reliable for new investors. When we compare the customer service of the top discount stockbrokers, we rank upstox somewhere is the 2nd and 3rd position.

And also coming to pricing, the brokerage charged is least in the industry and based on our review, the charges are equal to or less than most of the top stock brokers.

Some of the Strengths of Upstox are

  • Easy and paperless account opening
  • Top-notch trading platform.
  • Easy to use technology tools developed to make it easy to trade and invest for investors.
  • Best customer service and a reliable one for new investors.
  • Backed by good investors like Ratan Tata and Kalaari Capital, a reliable one in the market.
  • Good margins are provided for Traders who want to trade in huge quantities.
  • Trading allowed in almost all segments from equity cash to options and to IPO applications.

Advantages and Disadvantages of Upstox

Upstox Pros (Advantages)

The following are the advantages of Upstox. You must read Upstox advantages and disadvantages before opening an account with Upstox. Upstox pros and cons help you find if it suits your investment needs.

  • Upstox offers brokerage free trading in Equity Delivery segment (Customer does not have to pay brokerage for delivery trades in equity segment).
  • Mobile trading app available for both Android and iOS phones. No software uses charges.
  • After Market Order (AMO), Cover Order and Bracket Order(BO) or One cancels Other (OCO) orders are available on both web and mobile.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Upstox Pro Web Trading Platform offers multiple indicators to monitor markets on-the-go.
  • Upstox Bridge for AmiBroker helps you to code & execute your trading strategy using the AmiBroker AFL editor.
  • Upstox Developer Console helps you build (code) your own trading app using languages such as Python.
  • Upstox Option Chain Tool helps traders find out Spot, Future prices, vertical comparison of rates, get details such as circuit levels, Open High Low Close and market depth. It allows customers to measure volatility, open Interest, performance indicator and check greeks as well.
  • Upstox Mutual funds Platform offers 1000’s of Mutual Funds for investing. Investors can choose a Lumpsum or SIP(Systematic Investment Plan) pattern of investing.
  • Priority Brokerage Plan(a paid plan) is available for customers who need higher leverage which is most useful for intraday traders.

Upstox Cons (Disadvantages)

The following are the cons of Upstox. Check the list of Upstox drawbacks.

  • Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in Equity Segment. GTC/GTD orders are available in commodity trading.
  • Margin Funding is not available on delivery trades. Higher leverage is available in Upstox Priority Pack account.
  • Upstox doesn’t offer unlimited monthly trading plans.
  • Call and trade fee is charged at extra ₹20 per executed order (₹20 Brokerage + ₹20 Call & Trade Fee).
  • Additional ₹20 per executed order is charged for Intraday square MIS/BO/CO orders when they are not square off by the customer.
  • Brokerage free trading is available only in Equity Delivery segment (in Upstox Basic plan). For all other segments including Equity F&O, Commodity F&O and Currency Derivative, the brokerage is charged at ₹20 or lower per trade.
  • In Upstox basic plan, though brokerage is free, customers still have to pay the Demat Transaction Charges. Upstox Demat debit transaction charges (₹21.83) is high than other discount brokers who charge a fee of ₹15.93 per Demat debit transaction.
  • Doesn’t provide stock tips or recommendations.
  • 3-in-1 accounts are not available as the company doesn’t provide banking services.
  • 24/7 customer service is not available.
  • Upstox NRI Trading and Demat account are no more available (since Jan 2018).
  • Upstox doesn’t offer API access for automated trading.

Upstox Charges

Upstox Account Opening Charges

AccountCharges
Trading and DEMAT account 0
DEMAT Account maintenance charges ₹25 per month excluding GST
Trading account AMC0

Upstox Trading Plans

Upstox provided two types of trading plans based on the type of investor you are. you can choose based on which one suits you the best

SegmentBasic Plan Priority Pack
Brokerage - Equity DeliveryFreeFree
Brokerage - F&O, Commodity, Currency₹20 per trade or 0.05% (whichever is lower)₹30 per trade or 0.05% (whichever is lower)

Upstox Equity Charges

Upstox charges a competitive brokerage. For delivery, the brokerage is zero for basic plan users.

ChargesEquity DeliveryEquity Intraday
Brokerage₹0₹20 per executed order or 0.05% whichever is lower
Security Transaction Tax(STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction Charges₹325/crore₹325/crore
Demat Transaction Charges₹18.5 per scrip (only on sell)₹0
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty

Upstox Currency Charges

ChargesFuturesOptions
Brokerage₹20 per executed order or 0.05% (whichever is lower)Flat ₹20 per executed order.
STT₹0₹0
Transaction ChargesNSE: 0.00013% | BSE: 0.00062%NSE: 0.065% | BSE: 0.026% (on premium)
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty

Upstox Futures and Options charges

Type of ChargeEquity FuturesEquity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower)Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT) 0.01% on Sell Side0.05% on Sell Side(on Premium)
Transaction / Turnover ChargesNSE: 0.0019% | BSE 0.003% (each side)NSE 0.05% | BSE 0.003% (each side) (on premium)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp Charges0.002% (₹200 per crore) on buy-side0.003% (₹300 per crore) on buy-side

Upstox commodity charges

ChargesFuturesOptions
Brokerage₹20 per executed order or 0.05% (whichever is lower)Flat ₹20 per executed order
STT0.01% on sell trade (Non-Agri)0.05% on sell trade
Transaction Charges0.0031%0.002%
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty

Upstox Other Charges

Type of chargeCharges
Call and Trade₹20 per executed order
Physical contract notes₹25 per contract note plus courier charges.
Instant Money Transfer Fee₹7 per transfer

Upstox Technology tools and Softwares

PRO MOBILE

Upstox Mobile trading application with simplified interface to enable investor easy to invest experience.

Advanced charting tools in the application. Identify trends on Upstox charts so that you can make informed decisions.

Place Pro Orders: Place orders such as Cover Orders and Bracket Orders on mobile.

Get Price Alerts: Stay updated on the prices of the stocks that matter to you.

Instant Notifications: Keep track of your recent orders and other trading activity.

Trade On The Go: Trade anytime, even with slow internet connections.

PRO WEB

Pro web is the web trading platform of Upstox.

The most powerful & easy to use HTML-based trading platform in India.

POWERFUL CHARTS: We give you the best charting tools to spot market trends and make informed decisions.

100+ INDICATORS: You can customize your charts with 100+ indicators and become a truly pro trader.

Place Pro Orders: Placing cover orders & bracket orders just became more simple.

One Click Trade: Buy and sell during high volatility without skipping a beat! Just pre-set your order preferences & quickly get in and out of trades.

Stay Organized: Set up your workspaces the way you want! Neatly shuffle around your trading systems.

Personalize: Make the platform work for you in your unique trading style with the widgets features.

Bridge For AmiBroker

Write strategies on AmiBroker AFL & place trades on Upstox with the power of Upstox AmiBroker bridge and AlgoLab.

Seamlessly integrate with Upstox so you can generate orders from AmiBroker AFL. Order signals sent can be viewed on web and mobile platform for quick execution. Market data feed plugin at an unbeatable price

FoxTrader

Easy Back testing & Live Scanning300+ studies, 200+ conditions & ways to analyze past data. Monitor markets in Realtime.

Automate your strategies: Run strategies on charts & scanners. Generate planned and fast orders with the help of API.

Developer Tools

Upstox provide dev tools for the developers to develop tools and platforms.

Open Paperless Upstox Account

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