Upstox is an Indian discount broker that was founded in 2011. It offers online trading services for equities, commodities, and currency derivatives. The broker is known for its low brokerage charges, user-friendly platform, and advanced trading tools. In this article, we will cover all about Upstox, including its features, services, fees, and more.
Upstox Features and Services:
- Trading Platform: Upstox offers a trading platform called Upstox Pro Web, which is a web-based platform that can be accessed from any device with an internet connection. The platform offers advanced charting tools, customizable watchlists, and a range of technical indicators. It also has a mobile app for Android and iOS devices.
- Trading Instruments: Upstox provides trading services for equities, commodities, and currency derivatives. The broker allows trading in major stock exchanges, including NSE, BSE, and MCX.
- Trading Tools: Upstox offers a range of trading tools, including real-time market data, advanced charting, and a screener for finding trading opportunities.
- Research and Analysis: Upstox provides research and analysis tools to its customers, including daily market reports, trading calls, and technical analysis reports.
- Customer Support: Upstox offers customer support through phone, email, and live chat. The broker also has a comprehensive knowledge base that provides answers to frequently asked questions.
Upstox Brokerage Charges:
| Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
|---|---|---|---|---|
| Brokerage | ₹20 or 2.5% whichever is lower on Equity Delivery | ₹20 per executed order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% (whichever is lower) | Flat ₹20 per executed order. |
| STT/CTT | 0.1% on both buy & sell. | 0.025% only on sell. | 0.01% only on sell. | 0.05% only on sell. |
| GST | 18% (on brokerage + transaction + demat charges) | 18% (on brokerage + transaction charges) | 18% (on brokerage + transaction charges) | 18% (on brokerage + transaction charges) |
| Stamp Duty | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
For more details, please visit https://upstox.com/pricing/
Upstox Account Opening Charges:
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 150 |
Upstox Margin and Exposure:
| Type | Margin |
|---|---|
| 1. Equity Delivery | No margin |
| 2. Equity Intraday | 15x |
| 3. Equity Futures | 2.5x |
| 4. Equity Options | Varies with strike price and expiry date. |
| 5.Currency Futures and Options | 2.5x |
| 6.Commodity Futures and Options | 2.5x |
Upstox Trading Platforms:
Upstox offers a range of trading platforms to its customers, catering to the needs of different types of traders. Here are the trading platforms offered by Upstox:
- Upstox Pro Web: Upstox Pro Web is a web-based trading platform that can be accessed from any desktop or laptop with an internet connection. It offers a range of features, including advanced charting tools, real-time market data, and order management tools.
- Upstox Pro Mobile: Upstox Pro Mobile is a mobile trading app available for both Android and iOS devices. It offers features like live market data, advanced charting tools, and one-tap order placement.
- Upstox API: Upstox API is a programming interface that allows developers to build custom trading applications. It is ideal for algorithmic traders and developers who want to automate their trading strategies.
- Upstox Dartstock: Upstox Dartstock is a trading platform that allows traders to place orders directly from Excel sheets. It is ideal for traders who want to use customized Excel sheets for order management.
Upstox Pros and Cons:
Pros
- Low brokerage charges.
- User-friendly trading platform
- Advanced trading tools
- Zero brokerage plan available
- Free research and analysis tools
Cons
- No offline branches
- No 3-in-1 account facility
- Charges for call and trade services
Upstox vs. Other Brokers:
Upstox is one of the leading discount brokers in India, offering a range of trading services to customers at competitive rates. However, there are other brokers available in the market as well, and it is essential to compare the features and services offered by different brokers before making a decision. In this blog, we will compare Upstox with other popular brokers in India to help you make an informed choice.
Upstox vs Zerodha:
Zerodha is one of the most popular discount brokers in India, with a large customer base. Both Upstox and Zerodha offer similar services, such as online trading, investment in stocks, derivatives, and mutual funds. However, Zerodha offers more advanced charting tools and other features like the ability to invest in IPOs, bonds, and direct mutual funds. On the other hand, Upstox offers a more user-friendly platform and a lower brokerage fee for intraday trading.
Upstox vs Angel Broking:
Angel Broking is a full-service broker, offering a range of services to its customers, including online trading, research reports, and advisory services. In comparison, Upstox is a discount broker, and it offers lower brokerage rates than Angel Broking. However, Angel Broking offers more research and advisory services to its customers, making it an attractive option for those who require more hand-holding.
Upstox vs Sharekhan:
Sharekhan is another full-service broker, offering a range of services to its customers, including online trading, research reports, and advisory services. In comparison, Upstox offers lower brokerage rates than Sharekhan, making it an attractive option for those who want to save on brokerage fees. However, Sharekhan offers a more advanced trading platform with more features and tools for active traders.
Upstox vs 5Paisa:
5Paisa is a discount broker, offering online trading and investment services to its customers. Like Upstox, it offers a low brokerage fee for intraday trading. However, 5Paisa charges a higher fee for delivery trading, making Upstox a better option for those who prefer to hold their investments for the long term. Additionally, Upstox offers a more user-friendly platform, making it a better option for beginners.
Overall, Upstox is a good option for those looking for a discount broker with a user-friendly platform and low brokerage fees for intraday trading. However, depending on your trading style and investment preferences, other brokers like Zerodha, Angel Broking, Sharekhan, or 5Paisa may be a better fit. It is recommended to compare the features and services offered by different brokers before making a decision.
Upstox Review:
Upstox is a reliable discount broker that offers low brokerage charges, user-friendly trading platforms, and advanced trading tools. The broker provides research and analysis tools to its customers, including daily market reports, trading calls, and technical analysis reports. Upstox also offers a zero brokerage plan, where customers can trade for free, but they have to pay a monthly subscription fee. However, the broker does not have any offline branches, and there is a charge for call and trade services. Overall, Upstox is an excellent choice for traders who are looking for a low-cost trading platform with advanced features.
