Upstox is a technology-driven brokerage firm in India that offers affordable trading opportunities. They provide trading services for various types of investments like stocks, commodities, currency, futures, and options through their Upstox Pro Web and Upstox Pro Mobile platforms.
Behind Upstox are a group of investors, including notable names like Kalaari Capital, Ratan Tata, and GVK Davix.
The Upstox trading platform comes with a range of features for trading, analysis, and charting. It’s designed to make it easy for users to place orders using their mobile phones or web browsers. Upstox’s trading platform is built on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
You can use Upstox Pro for trading in different segments like Equity F&O, Equity Intraday, Commodities, and Currency Derivatives. Upstox Pro is a paid service offered by Upstox for traders.
Upstox Equity Delivery & Intraday Charges
Upstox Charges
| Upstox Account Opening Charges | Rs 0 (Free) |
| Upstox Demat AMC | Rs 150 per year |
| Open Account Now |
Upstox Delivery & Intraday Charges
When you use Upstox to buy and hold stocks for the long term (equity delivery), they will charge you either Rs 20 or 2.5% of your order value, whichever is less.
If you’re trading stocks within the same day (equity intraday), Upstox will charge you either Rs 20 for each completed trade or 0.05% of your order value, whichever is lower.
| Upstox Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | Rs 20 per executed order or 0.05% (whichever is lower) |
| STT | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction Charges | On NSE Rs 345 per Cr (0.00345%) | On BSE Rs 300 per Cr (0.003%) (each side) | On NSE Rs 345 per Cr (0.00345%) | On BSE Rs 300 per Cr (0.003%) (each side) |
| Demat Transaction Charges | Rs 18.5 per scrip (only on sell) | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.015% on buy-side | 0.003% on buy-side |
Upstox Equity F&O Charges
Upstox Equity F&O brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| STT | 0.1% (on Sell Side) | 0.05% (on Sell Side) |
| Transaction Charges | Rs 190 per Cr (0.0019%) | Rs 5000 per Cr (0.05%) |
| Demat Transaction Charges | Rs 0 | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% | 0.0001% |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Currency Charges
Upstox Currency brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| STT | No STT | No STT |
| Transaction Charges | On NSE Rs 90 per Cr (0.0009%) | On BSE Rs 22 per Cr (0.00022%) | On NSE Rs 3500 per Cr (0.035%) | On BSE Rs 100 per Cr (0.001%) (on premium) |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Upstox Commodity Charges
For trading commodities with Upstox, they will charge you either Rs 20 for each completed trade or 0.05% of your order value, whichever is lower.
| Upstox Charges | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| STT | 0.01% on sell trade (Non-Agri) | 0.05% on sell trade |
| Transaction Charges | Group A – Rs 260 per Cr (0.0026%) | – |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Major Upstox Charges
- STT (Securities Transaction Tax): This tax is applied when you sell stocks for intraday and futures and options (F&O) trading. However, for regular stock delivery trades, it’s applied when you buy and sell. It’s a tax on stock transactions.
- Stamp Duty: The amount you pay depends on the state where you live. Each state may have different rates for stamp duty, and it’s a fee you pay when trading.
- Goods and Services Tax (GST): This is a tax of 18% on the total cost of brokerage and transaction charges. It’s like a sales tax on the fees you pay for trading services.
- SEBI Turnover Fees: This fee is fixed at Rs 10 for every crore (ten million) rupees of turnover. It’s a regulatory fee imposed by SEBI (Securities and Exchange Board of India) on trading activities.
Pros and Cons of Upstox
Pros of Upstox:
- Low-Cost Brokerage: Upstox offers competitive and affordable brokerage charges, making it cost-effective for traders and investors.
- Advanced Trading Platforms: Upstox provides user-friendly and feature-rich trading platforms like Upstox Pro Web and Upstox Pro Mobile, offering tools for analysis and charting.
- Multiple Investment Options: You can trade a variety of financial instruments, including stocks, commodities, currency, futures, and options, all through a single platform.
- Tech-Savvy Approach: Upstox is known for its technology-driven approach, offering quick and efficient order execution.
- Educational Resources: They provide educational resources, webinars, and tutorials to help users improve their trading skills and knowledge.
- Backed by Investors: Upstox has strong backing from prominent investors like Ratan Tata and Kalaari Capital, adding to its credibility.
Cons of Upstox:
- Customer Support: Some users have reported mixed experiences with Upstox’s customer support, with occasional delays in response.
- Limited Offline Presence: Unlike traditional brokers, Upstox is primarily an online platform, which may not be suitable for those who prefer in-person interactions.
- Margin Policies: Upstox may have stricter margin policies compared to some other brokers, which could affect certain trading strategies.
- Technical Glitches: Like any online platform, Upstox is susceptible to technical issues and outages, which can disrupt trading.
- Account Opening Process: Some users have found the account opening process to be a bit complex and time-consuming.
Remember that the suitability of Upstox depends on your specific trading needs and preferences, so it’s essential to consider these pros and cons in the context of your individual requirements.