Upstox Trading / Online Trading – Review, Process, Benefits, Charges & more
Upstox is one of the leading discount brokers in the country at present. Upstox Trading services are fully technology-based services that make the life of the traders easier and smoother.
The Upstox Online Trading services are rendered across different segments of trading whether it is equity or options or commodities. It is a tech-first brokerage house where everything is dealt with using technology and thus making the whole process easier.
In this article, you will read about the various benefits of Upstox and the different products and services it offers. We will mainly focus on the different brokerage plans it has for the traders and whether the brokerage charges are reasonable as per the market or not.
We will also cover the process of starting online trading with Upstox and finally, we will take you through the multiple trading platforms it offers.
Upstox Trading and Benefits
There is an array of benefits and features offered by Upstox Online Trading services and they are enumerated below:
- You can do Upstox Trading in the delivery segment for free. There are no brokerage charges for equity delivery trades with Upstox and this helps the traders to make more profit. Apart from the delivery trades, for the other segments, the brokerage charges are really lower which will discuss in the later section of the article.
- There are no charges for trading platforms. Yes, it offers all the trading platforms with highly advanced technology free of cost. There is no additional cost you need to pay for using those platforms.
- Multiple types of orders which you can use on the Upstox platform – AMO or After Market order, Bracket Order or Cover order and others. This reduces the risk of the investment you are making by limiting the losses.
- There is AmiBroker and Upstox Bridge for coding your own trading strategies. This helps you make your own strategy for your own trades and code them to be implemented via the trading platform.
- The trading platforms are full of technical indicators and these indicators help in the analysis. It helps in understanding the price movements and the triggers.
- Other highly advanced tools and technologies offered by the firm which are rare to find in any other full-service broker as well. Upstox Developer console, Upstox Option chain Tool and many such advanced trading technologies.
- There is a high level of leverage provided by the firm to the customers in all the segments of trading.
Open Trading Account with Upstox – Fill up the Form Now!
Upstox Trading Charges
|SEBI Turnover Charges||0.00005% (Rs. 5/Crore)|
|STT||Equity Delivery: 0.1% on both Buy and Sell|
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|Stamp Duty||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.|
Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 30 per instruction|
|Dematerialisation Charges||Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams.|
|Pledge Creation||0.02% of transaction charges subject to a minimum of Rs 50 + NSDL/CDSL charges at actual|
|Pledge Invocation||0.05% of transaction charges subject to a minimum of Rs 50|
|Margin Pledge/Unpledge/ Pledge closure||Rs. 18.5 per scrip|
|Margin Repledge||Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)|
The Upstox Trading Charges includes:
- Brokerage charges are the primary charges that need to be paid and Upstox charges a flat fee for all the segments.
- STT or the Securities Transaction Charges is levied at 0.0126% of the total turnover
- SEBI Turnover Charges is levied at Rs.5/crore
- Then there are Transaction Charges itself which is 0.00275% of the total turnover
- GST is levied on the sum total of the transaction charge and the brokerage charge at 18%
- Then there are Stamp Duty charges which are very nominal and decided as per the state
Find Online Trading Services of other Stock Brokers
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|5Paisa Trading||Sharekhan Trading||HDFC Securities Trading|
|Nirmal Bang Trading||IIFL Trading||Axis Trading|
|SAMCO Trading||Motilal Oswal Trading||Kotak Securities Trading|
Upstox Delivery Trading
|Upstox Delivery Charges|
The Upstox Delivery Trading comes with no charges. There are no brokerage charges at all on the delivery trade segment in the equity class. You need to pay nothing for taking the delivery of the equities you trade.
Upstox Intraday Trading
|Upstox Intraday Charges|
|Equity Intraday||Rs.20 per executed order or 0.05% (whichever is lower)|
For the Upstox Intraday Trading service, the charges are Rs.20 per executed order or 0.05% (whichever is lower). Once the order gets executed, the charge is deducted from your account.
Upstox Option Trading
|Upstox Option Charges|
|Equity Options||Rs.20 per Trade|
For Upstox Option Trading as well, the charge is Rs.20 per trade. Generally, the charges for the options segment is higher in the market but Upstox charges the same amount for options as well, as it has a flat fee brokerage plan.
Upstox Futures Trading
|Upstox Futures Charges|
|Equity Futures||Rs.20 per executed order or 0.05% (whichever is lower)|
For the Upstox Futures Trading, you need to pay Rs.20 per executed order or 0.05% (whichever is lower) that are executed on the platform.
Upstox Currency Trading
|Upstox Currency Charges|
|Currency Option||Rs.20 per Trade|
|Currency Futures||Rs.20 per executed order or 0.05% (whichever is lower)|
Whether you are trading currency futures or currency options, for Upstox Currency Trading, the fee you will be charged is Rs.20 per trade on the maximum end. If you check the currency futures segment, you have to pay the brokerage of Rs.20 per executed order or 0.05% (whichever is lower).
You can save a lot on the options because most of the brokerage houses charges per lot basis for options and moreover the charges are higher than this one.
Upstox Commodity Trading
|Upstox Commodity Charges|
|Commodity Trading||Rs.20 per Trade|
You can do Upstox Commodity Trading with Rs.20 for each order as well, precisely for the commodity options segment. On the other end, if you opt for Commodity futures, the charge is Rs.20 per executed order or 0.05% (whichever is lower).
Find Segment Trading Charges of other Brokers
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|Paytm Money Trading||Aditya Birla Trading||SBI Trading|
Upstox Online Trading Process
For starting Upstox Online Trading, you need to –
Open Upstox Demat, Trading account
- To open the accounts, you have to click on the option “Open Demat Account” you find on this page.
- A form will pop-up on the screen. You need to fill the form that pop-ups and then submit the same.
- Submit the form along with the required documents online. The documents generally include the PAN, AADHAAR Card and a cancelled cheque for bank details and others.
- You will receive the login details of your account once and if the verification of your documents is successful and the application has been approved.
- You need to login to the Upstox Website. You need to use the login credentials you have received.
- Here you will find the trading platforms which you need to download.
Downloading and setting up trading platforms
- For downloading the trading terminal and other platforms you need to click on the files (software) which you find on the site.
- Once the software is downloaded on the desktop or mobile, install them.
- The market watchlist needs to be created by adding your favorite companies stock scrips
- Once you have created the market watchlist you can start trading
- Select the stock you want to track or trade
- There will be BUY or SELL option at the side of the windows that open, or you can directly click on the BUY and Sell option. Put the price, unit of shares you to trade and other details required and place an order.
Upstox Online Trading Platforms
The firm is known for its high-end technologies and trading platforms are the best examples. It offers multiple Upstox Trading Platform and some of them are –
- Upstox App is the Upstox Mobile trading platform. It is a highly advanced mobile trading platform that works with minimal internet usage and thus, helps you to trade in different places. This application has different trading options, charts and analytical tools as well. You can trade with this app when you are traveling and that makes the trading experience so rich.
- The next is the Trading terminal offered by Upstox. It is based on the Omnesys NEST platform and it uses its Order Management System and Risk Management system. The terminal is really powerful and has all kinds of trading features. There are multiple market watchlist, technical indicators, and charts for your usage.
- The Web-browser based trading platform is a web version of the trading terminal. It provides trading across the segment. There are multiple trading options, a variety of analytical tools and many other features.
Check out Online Trading Services of other Brokers
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|SAS Online Trading||Choice Broking Trading||Religare Trading|
|Bonanza Portfolio Trading||Geojit Trading||Tradebulls Trading|
|Indiabulls Trading||NJ Wealth Trading||Ventura Trading|
Upstox Trading – Conclusion
The Upstox Trading services is one of the most sought after trading service in the market at present because of its low brokerage charges and exceptionally well-designed range of products and services.
For Upstox Online Trading, the trading platform it offers add to the benefit of the customer a lot and creates an ideal environment for online trading.
Upstox Online Trading FAQs
Ques – Do Upstox provide Online Trading?
Answer – Upstox does provide a very diligent online trading service. They are absolutely technology-based and this makes the trader’s experience pretty easy and reliable both ways. They render services across a lot of segments and everything is dealt with, using high-end technology.
Ques – What are the Charges in Upstox?
Answer – First and foremost is the brokerage charge and the Upstox charge. Then comes the STT or the Securities Transaction Charges that is levied at 0.0126% of the total transaction. Following this is the SEBI Turnover Charge is at 0.0005%, the transaction Charge itself which is 0.00275%, GST at 18% and the Stamp Duty charges which are apparently dependent on the state.
Ques – Do Upstox provide Delivery Trading?
Answer – Yes, Upstox does provide delivery trading which is pretty worth it. There are, thankfully, no brokerage fee required for it to come to life, making Upstox a solid firm for people to have a look at.
Ques – Is delivery trading Free at Upstox?
Answer – Yes, it is. The delivery trading fee is practically zero. You need to pay absolutely no amount for having taken the delivery of all the equities that you’ve traded along the way.
Ques – Do Upstox provide Option Trading?
Answer – Upstox does provide options trading which is definitely an advantage. Upstox charges more or less the same fee as any other company in the market right about now.
Ques – What is Option Trading Charges at Upstox?
Answer – It is a feeble amount of Rs. 20 per trade. It has a flat fee plan for the brokerage system which adds up to its popularity and investing in this firm seems like a right decision for anyone looking for increasing their profit margin.
Ques – Do Upstox provide Futures Trading?
Answer – Upstox does provide Future trading for every necessity. Upstox trading is pretty low maintenance and doesn’t ask for a lot. This helps in attracting a huge customer base, those who haven’t yet heard about it and are willing to invest in a stable firm.
Ques – What is Futures brokerage at Upstox?
Answer – For the Upstox Futures Trading, you need to pay Rs.20 per executed order or 0.05% (whichever is lower) for each of the trades that are made out on this very term, which is a very bleak amount, to be fair, given, how solid the reputation of Upstox is, in the market.
Ques – Is Upstox safe for trading?
Answer – It is no surprise that Upstox is one of the safest and most talked-about firm to have your hopes dwelled in. It charges exceptionally less and have hundreds of features that boosts it’s niceness as a company. This platform is an ideal one, with an environment suited best for online trading, among a lot others.
Ques – Do Upstox provide Trading Tips?
Answer – Upstox definitely provides trading tips that come of ardent use to all the new and inexperienced users who are more than euphoric about learning every specificity and detail regarding online trading, as such. The company’s highly advanced technology and features lure in hundreds of customers and their excellent research team makes sure to polish this novel audience into a shiny professional.
Open Trading Account with Upstox – Fill up the Form Now!
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