Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. The Upstox. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata. It became popular due to its easy account opening procedure which is free, and a flat trading cost of ¹20. Upstox helps customers trade across domains of equity (delivery & intraday), derivatives (future & options), and currencies. In today’s world, where everyone wants to be as luxurious as celebrities, the regular income is not at all enough. People aspire to buy all the luxuries and amenities as soon as possible. To fulfill their such wishes they tend to increase the horizon of their earnings, which could give them a hope of additional income with no further time investment. In such a case, online trading platforms have come as a solution to this problem. There is a long list of online trading platforms which provides services in the investment and trading but one of the most reliable and sensible application is Upstox. Upstox is one amongst the best discount brokers available in India, especially for the traders. On One side the Upstox provides it’s traders with the fastest trading platforms which are the main need to book the high profits in day trading. On the other side, its highly convenient as you only need to pay only a flat Rs 20 per trade irrespective of your trade volume. In this article we are going to give a comprehensive review of this discount broker who have been making big in the industry since the past few years. About Upstox The company, Upstox is a tech-first low cost broking firm in India that is providing trading opportunities at indomitable prices. This company provide trading on different segments such as commodities, equities, currency, futures, options which are accessible on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms. Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata and GVK Davix. This trading platform offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System). The best thing about Upstox is that it offers absolutely free trading account and also free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders. Note: Get the unbiased review of Upstox and check its trading app, Demat account opening charges,Upstox brokerage, margin, plans, features, investment option, ratings & review for free on Select by Finology. Ratings of Upstox Overall Rating 2.5/5 Fees 3.5/5 Brokerage 3.6/5 Usability 2.7/5 Customer Service 2.4/5 Research Capabilities 2.4/5 A comparison of upstox trading plans As stated above there are two different plan in the upstox namely, upstox basic plan and upstox priority pack. Let’s see what’s the difference between the two. Segment Upstox Basic Plan Upstox Priority Pack Brokerage - Equity Delivery Free Free Brokerage - F&O, Commodity, Currency ¹20 per trade or 0.05% (whichever is lower) ¹30 per trade or 0.05% (whichever is lower) Margin - Intraday NSE/BSE Cash 15x 20x Index Futures 4x 5x Stock Futures 4x 4x Index Option Sell 4x 5x Stock Option Sell 4x 4x NSE Currency 4x 4x MCX Future 2.5x 3x Margin - CO/OCO Orders NSE/BSE Cash 20x 25x Index Futures 10x 14x Stock Futures 4x 6x NSE Option Buy 1.33x 2x Index Option Sell 4x 5x Stock Option Sell 4x 4x NSE Currency 4x 5x MCX Future 3x 4x What are the charges in the Upstox? Though the platform upstox is completely online but still there are some charges that the trader is required to pay while a wailing the services from the Upstox. Here, we will look at some charges that upstox is charging currently. Upstox Prepaid Brokerage Plans (¹249, ¹499 or ¹999) Each and every upstox customer wants to purchase one of the following prepaid brokerage plans so that he can open Upstox account. It is necessary for a trader to buy a prepaid brokerage plan with this platform, upstox. This plan is also mandatory for those people who would want to do only equity delivery trades which are free from the brokerage. Plan Customer Pays Customer gets brokerage worth Extra brokerage earned Standard Plan ¹249 ¹400 ¹151 Advanced Plan ¹499 ¹1,000 ¹501 Premium Plan ¹999 ¹2,500 ¹1501 Upstox Equity Delivery Charges & Intraday Charges Upstox Charges Equity Delivery Equity Intraday Brokerage ¹0 ¹20 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 ¹325/crore ¹325/crore Demat Transaction Charges ¹18.5 per scrip (only on sell) ¹0 GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges) SEBI Charges ¹5/Crore ¹5/Crore Stamp Duty * * Upstox Equity Future and Options Charges Upstox Charges Futures Options Brokerage ¹20 per executed order or 0.05% (whichever is lower) Flat ¹20 per executed order. STT 0.1% (on Sell Side) 0.1% (on Sell Side) Transaction Charges ¹210/crore ¹5500/crore on premium turnover Demat Transaction Charges ¹0 ¹0 GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges) SEBI Charges ¹5/Crore ¹5/Crore Stamp Duty * * What are the Upstox Currency Charges? Upstox Currency brokerage charge is ¹20 per committed order or 0.05%. Upstox Charges Currency Futures Currency Options Brokerage ¹20 per executed order or 0.05% (whichever is lower) Flat ¹20 per executed order. STT No STT No STT Transaction Charges NSE: 0.00013% | BSE: 0.00062% NSE: 0.065% | BSE: 0.026% (on premium) GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges) SEBI Charges ¹5/Crore ¹5/Crore Stamp Duty * * What are the Upstox Commodity Charges? The Commodity brokerage of Upstox is ¹20 per executed order or 0.05%. Upstox Charges Commodity Futures Commodity Options Brokerage ¹20 per executed order or 0.05% (whichever is lower) Flat ¹20 per executed order. STT 0.01% on sell trade (Non-Agri) 0.05% on sell trade Transaction Charges 0.0031% 0.002% GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges) SEBI Charges ¹5/Crore ¹5/Crore Stamp Duty * * What are the hidden charges under Upstox? Final Words As it was said above, the needs of people are never-ending and nowadays it has become necessary for each person to try hands in different fields so that there is increase in the perimeter of their earnings. Trading is definitely the best option where you could earn without any additional efforts. Upstox comes as one of the most reliable and and sensible platforms for beginners as well as professionals. The application of Upstox is designed in such a manner that it suits both of the groups. Day by day, upstox is coming up with new features and services that is increasing its customer base and is truly making upstox the best and a leading trading platform of the smart future. Source: Free Articles from ArticlesFactory.com I am an IT professional who loves writing on Financial topics.
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