Upstox

Discount Broker

About Broker

Backed by Tiger Global and Ratan Tata, Upstox is a discount broker that offers free third-party premium subscriptions upon account opening. As of February 2024, Upstox has an active client base of 2,501,173.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity Commodity Currency Futures Options

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

account opening

Free

account maintenance

Free

call trade

₹50

Brokerage

equity delivery

2.5% up to Rs 20

equity intraday

0.05% up to Rs 20

equity futures

0.05% up to Rs 20

equity options

₹20 per order

currency futures

0.05%

currency options

₹20

commodity futures

0.05%

commodity options

₹20

Margins

Equity Delivery

4x As per exchange

Equity Intraday

5x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

1x As per exchange

Commodity Options

1x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Pro Web Trading Platform Upstox Pro Mobile

Other Details

Pros

Advantages and Strengths of this broker.

The early morning newsletter from Upstox is meticulously crafted, offering excellent insights and a comprehensive market recap.

Upstox provides delivery transactions at no cost, charges flat trading fees, and offers margining aagainst held shares.

A wide array of knowledge resources is available, encompassing both technical analysis and basic investing principles.

Users can easily toggle between the TradingView and ChartsIQ libraries.

Cons

Disadvantages of this broker that it needs to improve upon.

NRIs, HUFs, and companies can open a demat account only through an offline process.

Customers must exercise caution when selecting mutual funds, as both direct and regular plans are available.

An additional fee of ₹20 per executed order is charged for intraday square-off orders if they are not squared off by the customer.

Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account

free trading calls

free research

sms alerts

margin funding

margin against share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

mutual funds

ipo platform

bonds debt

exchange traded funds

insurance

Equily Charges

transaction charges

NSE:

clearing charges

dp charges

Sell side, ₹ 18.5 per scrip

gst

18% on Brokerage + Transaction

stt

0.1%

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

dp charge

₹ 0

gst

18% on Brokerage + Transaction

stt

0.025%

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

NSE:

dp charge

₹ 0

gst

18% on Brokerage + Transaction

stt

0.0125%

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

NSE:

dp charge

₹ 0

gst

18% on Brokerage + Transaction

stt

0.0625%

sebi charges

₹ 10 per crore

Open Demat Account