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In Reviews

Upstox Review 2022

September 23, 2022 5 Mins Read
Home > Upstox Review 2022
Upstox Review 2022
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Upstox Review 2022: Upstox is a tech-first as well as a low-cost brokerage firm in India.

It also provides trading opportunities at an unbeatable price.

Table of Contents

  • What is Upstox?
  • Upstox Review for Charges 2022:
  • Upstox Equity Delivery and Intraday Charges:
  • Upstox Review for Equity F&O Charges:
  • Upstox Review for Currency Charges:
  • Upstox Commodity Charges:
  • Other Charges:
  • Upstox Trading Software:
  • Pros and Cons of Upstox:
  • Conclusion:
  • About Us:
    • Frequently Asked Questions (FAQs)
      • Q#1) What is a Upstox account?
      • Q#2) Who owns Upstox?
      • Q#3) Does Upstox allow BTST?
      • Q#4) Is Upstox free?
      • Q#5) Is Upstox trusted?

What is Upstox?

  • It is a low-cost brokerage firm in India.
  • The company provides trading in different segments, such as the following:
The company provides trading in different segments, such as the following
Image By, Trading Fuel Lab
  • They are totally available on the Upstox Pro Web and Upstox Pro Mobile trading platforms.
  • The company is backed by high-end investors such as Kalaari Capital, Ratan Tata, and GVK Davix.
  • This trading platform is also very easy to use to place orders through mobile phones and web browsers.

Don't Forget to Check: Which App is Best for The Share Market?

Upstox Review for Charges 2022:

Account opening charges: Rs. 249

Demat AMC: Rs. 0 (free).

Upstox Equity Delivery and Intraday Charges:

  • The brokerage for equity delivery is Rs. 20 or 0.1%, whichever is lower per order.
  • The equity intraday brokerage is Rs. 20 per executed order or 0.05% (whichever is lower).
Upstox ChargesEquity DeliveryEquity Intraday
BrokerageRs. 20 per executed order or 2.5% (whichever is lower)Rs. 20 per executed order or 0.05% (whichever is lower)
STT0.1% on both buy and sell0.025% on the sell side
Transaction ChargesRs. 325/ croreRs. 325/ crore
Demat Transaction ChargesRs. 18.5 per script (only on sell)Rs. 0
GST18% on brokerage + transaction charges18% on brokerage + transaction charges
SEBI Charges0.0001% (Rs. 10/crore)0.0001% (Rs. 10/crore)
Stamp Duty0.015% (Rs. 1500/crore) on buy-side0.003% (Rs. 300/crore) on buy-side
Created by, Trading Fuel || Research Lab

Upstox Review for Equity F&O Charges:

It is Rs. 20 per executed order or 0.05% (whichever is lower).

Upstox ChargesEquity FuturesEquity Options
BrokerageRs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order
STT0.1% on sell-side0.1% on sell side
Transaction ChargesRs. 210/ croreRs. 5500/ crore on a premium turnover
Demat Transaction ChargesRs. 0Rs. 0
GST18% on brokerage + transaction charges18% on brokerage + transaction charges
SEBI Charges0.0001% (Rs. 10/crore)0.0001% (Rs. 10/crore)
Stamp Duty0.002% (Rs. 200/crore) on buy-side0.003% (Rs. 300/crore) on buy-side
Created by, Trading Fuel || Research Lab

Also Read: How to Calculate STT Charges in Intraday?

Upstox Review for Currency Charges:

Upstox ChargesCurrency FuturesCurrency Options
BrokerageRs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order
STTNo STTNo STT
Transaction ChargesNSE: 0.00013%, BSE: 0.00062%NSE: 0.065%, BSE: 0.026% (on premium)
GST18% on brokerage + transaction charges18% on brokerage + transaction charges
SEBI Charges0.0001% (Rs. 10/crore)0.0001% (Rs. 10/crore)
Stamp Duty0.0001% (Rs. 10/crore) on buy-side0.0001% (Rs. 10/crore) on buy-side
Created by, Trading Fuel || Research Lab

Upstox Commodity Charges:

Upstox ChargesCommodity FuturesCommodity Options
BrokerageRs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order
STT0.01% on sell trade (non-agriculture)0.05% on a sell trade
Transaction Charges0.0031%0.002%
GST18% on brokerage + transaction charges18% on brokerage + transaction charges
SEBI Charges0.0001% (Rs. 10/crore)0.0001% (Rs. 10/crore)
Stamp Duty0.002% (Rs. 200/crore) on buy-side0.003% (Rs. 300/crore) on buy-side
Created by, Trading Fuel || Research Lab

Also Like: What Is Margin And Delivery Trading?

Other Charges:

Upstox Other Charges
Image By, Trading Fuel Lab

Upstox Trading Software:

There are two ways through which you can trade in Upstox.

They are as follows:

Upstox Trading Software:
Image By, Trading Fuel Lab

Must Know: What is Delivery and Intraday Trades?

Pros and Cons of Upstox:

The following are the main advantages:

  1. 0 Demat AMC
  2. The margin trading facility is available at an interest rate of Rs. 20/day for slabs of Rs. 40,000.
  3. 20 per trade brokerage for all segments of trading.
  4. Online IPO application
  5. There are no software usage fees for the mobile trading application, which is available on both Android and iOS.
  6. Margin against shares is also available.
  7. After Market Order (AMO) and Cover Order are both available on the web and mobile.
  8. The mutual fund platform offers thousands of mutual funds to invest in.
  9. Trailing stop/stop-loss is available on both websites as well as mobile.
  10. The option chain tool will assist traders in locating a spot and future prices, circuit levels, market depth, open high, low, close, and rate comparisons, among other things. This will also allow the customers to measure volatility, open interest, performance indicators, etc.
  11. The pro web trading platform will offer multiple indicators to monitor markets on the go.
  12. The developer console will help you to build your own trading app using languages such as Python.
  13. The bridge for Amibroker will help you to code as well as execute your trading strategy.
  14. Good-Till-Triggered (GTT) orders are available in equity and commodities.

The main disadvantages are as follows:

  1. Most brokers offer Rs. 20/trade-in equity delivery brokerage, while most offer free brokerage in the stock market.
  2. It does not have API access for automated trading.
  3. Does not offer unlimited monthly trading plans.
  4. NRI trading and Demat accounts are no longer available.
  5. Margin funding is not available on delivery trades.
  6. 24/7 customer service is not available.
  7. Call and trade fees are charged extra.
  8. 3-in-1 accounts are not available as the company does not provide banking services.
  9. An additional Rs. 20/executed order is charged for intraday squares when they are not squared off by the customer.
  10. It does not provide stock tips and recommendations.

Must Know: Which is Better Intraday or Delivery Trading?

Conclusion:

We hope that with this blog you will be able to decide whether to have a Demat account with Upstox or not.

About Us:

Trading Fuel is our blog website where we give you information about finance, economics, the stock market, and intraday trading. Stay tuned with us for more such blogs.

Frequently Asked Questions (FAQs)

Q#1) What is a Upstox account?

Answer: It is a 2-in-1 account combining trading and a Demat account.

Q#2) Who owns Upstox?

Answer: It is a private company owned by Mumbai-based RKSV Securities Limited. Mr. Ravi Kumar, Mr. Raghu Kumar, and Mr. Shrini Viswanath are the co-founders of the company.

Q#3) Does Upstox allow BTST?

Answer: No, it doesn’t.

Q#4) Is Upstox free?

Answer: No, it is not free because it charges a flat Rs. 20/trade as brokerage.

Q#5) Is Upstox trusted?

Answer: Yes, Upstox is trusted and has been in business for over 10 years.
Author Prashant Raut

Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.

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