Upstox Review 2022

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.

What is Upstox?

• It is a low-cost brokerage firm in India.
• The company provides trading in different segments, such as the following:

• 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 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	Rs. 325/ crore	Rs. 325/ crore
Demat Transaction Charges	Rs. 18.5 per script (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% (Rs. 1500/crore) on buy-side	0.003% (Rs. 300/crore) on buy-side

Upstox Review for Equity F&O Charges:

It 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	0.1% on sell side
Transaction Charges	Rs. 210/ crore	Rs. 5500/ crore on a premium turnover
Demat Transaction Charges	Rs. 0	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	0.002% (Rs. 200/crore) on buy-side	0.003% (Rs. 300/crore) on buy-side

Also Read: How to Calculate STT Charges in Intraday?

Upstox Review for Currency Charges:

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	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	0.0001% (Rs. 10/crore)	0.0001% (Rs. 10/crore)
Stamp Duty	0.0001% (Rs. 10/crore) on buy-side	0.0001% (Rs. 10/crore) on buy-side

Upstox Commodity Charges:

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-agriculture)	0.05% on a sell trade
Transaction Charges	0.0031%	0.002%
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/crore) on buy-side	0.003% (Rs. 300/crore) on buy-side

Also Like: What Is Margin And Delivery Trading?

Other Charges:

Upstox Trading Software:

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

They are as follows:

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.

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