Upstox Overview
Upstox is a tech-first, low-cost broking firm in India, offering trading opportunities at unbeatable prices. It provides trading across various segments including equities, commodities, currency, futures, and options. The trading is facilitated through its Upstox Pro Web and Mobile platforms, which are backed by investors like Kalaari Capital, Ratan Tata, and GVK Davix. The platform is built on advanced Omnisys NEST OMS and RMS, ensuring a seamless trading experience with robust order and risk management systems.
Upstox Special Offer
Upstox offers a special promotion where traders can benefit from flat Rs 20 charges for equity delivery, intraday, and F&O trades. Additionally, mutual fund investments come with zero commission. This limited-time offer provides an attractive opportunity for traders to start trading with minimal costs.
Upstox Charges 2024
Upstox charges include zero fees for account opening and a nominal annual maintenance charge for the Demat account. The detailed brokerage structure for different trading segments ensures transparency and affordability, making it a preferred choice for traders.
Upstox Equity Delivery & Intraday Charges
For equity delivery and intraday trading, Upstox offers a competitive brokerage fee of Rs 20 per order or a percentage of the transaction value, whichever is lower. The charges also include various statutory and transaction fees, ensuring comprehensive cost details for traders.
| Category | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 20 per order or 2.5% (lower) | Rs 20 per order or 0.05% (lower) |
| STT | 0.1% on Buy & Sell | 0.025% on Sell Side |
| Transaction Charges | NSE Rs 345 per Cr, BSE Rs 300 per Cr (each side) | NSE Rs 345 per Cr, BSE Rs 300 per Cr (each side) |
| Demat Transaction Charges | Rs 18.5 per scrip (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 per Cr) on Buy-side | 0.003% (Rs 300 per Cr) on Buy-side |
Upstox Equity F&O Charges
For futures and options trading in the equity segment, Upstox charges Rs 20 per executed order or 0.05% of the transaction value, whichever is lower. The detailed breakdown includes brokerage, statutory charges, and transaction fees, providing clarity on the total cost involved.
| Category | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Rs 20 per order or 0.05% (lower) | Flat Rs 20 per order |
| STT | 0.1% on Sell Side | 0.05% on Sell Side |
| Transaction Charges | Rs 190 per Cr | Rs 5000 per Cr (on premium) |
| 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 per Cr) on Buy-side | 0.003% (Rs 300 per Cr) on Buy-side |
Upstox Currency Charges
Upstox offers competitive rates for trading in currency futures and options, with a flat Rs 20 per order or 0.05% of the transaction value, whichever is lower. The comprehensive cost structure includes brokerage, statutory fees, and transaction charges, ensuring transparency for traders.
| Category | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Rs 20 per order or 0.05% (lower) | Flat Rs 20 per order |
| STT | No STT | No STT |
| Transaction Charges | NSE Rs 90 per Cr, BSE Rs 22 per Cr | NSE Rs 3500 per Cr, BSE Rs 100 per Cr (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 Cr) on Buy-side | 0.0001% (Rs 10 per Cr) on Buy-side |
Upstox Commodity Charges
Upstox charges for commodity futures and options are competitive, with a flat Rs 20 per executed order or 0.05% of the transaction value, whichever is lower. Detailed charges include brokerage, statutory fees, and transaction costs.
| Category | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Rs 20 per order or 0.05% (lower) | Flat Rs 20 per order |
| STT | 0.01% on Sell (Non-Agri) | 0.05% on Sell |
| Transaction Charges | Group A – Rs 260 per Cr | – |
| 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 Cr) on Buy-side | 0.003% (Rs 300 per Cr) on Buy-side |
Upstox Additional Charges
Apart from the standard charges, Upstox imposes additional fees for specific services such as call & trade, physical contract notes, and instant money transfers. These charges are designed to cover the cost of providing these additional services.
| Description | Charge |
|---|---|
| Call & Trade | Rs 20 per order |
| Physical Contract Notes | Rs 25 per note + courier charges |
| Instant Money Transfer Fee | Rs 7 per transfer |
Upstox Pros and Cons
The pros and cons of Upstox provide a balanced view of its offerings. Upstox advantages include low brokerage, no software usage charges, advanced order types, and a variety of tools for traders. However, the drawbacks include fees for stock deliveries, no 24/7 customer support, and additional charges for call-and-trade services.
| Pros | Cons |
|---|---|
| No charges for online account opening. | Brokerage fee for stock deliveries is Rs 20 per trade. |
| Flat Rs 20 per trade brokerage across all segments. | No unlimited monthly trading plans. |
| No software usage charges. | Margin funding not available for delivery trades. |
| Advanced order types available. | No stock tips or recommendations. |
| Margin Trading Facility at Rs 20/day for Rs 40,000 slabs. | No 3-in-1 account. |
| Margin Against Shares available. | No 24/7 customer support. |
| Upstox Pro Web offers multiple indicators. | No API access for automated trading. |
| Upstox Bridge for AmiBroker available. | No NRI Trading and Demat account. |
| Upstox Developer Console available. | Call-and-trade fee is Rs 20 per order. |
| Upstox Option Chain Tool available. | Automatic settlement charges an additional Rs 20 per order. |
| Upstox MF Platform offers 1000’s of Mutual Funds. | – |
Upstox Margin Exposure
Upstox provides margin exposure for various trading segments, allowing traders to leverage their trades up to a certain limit. This includes up to 5x leverage for intraday trading and 1x for F&O and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency, Commodities) | 100% of NRML margin | 1x |
Upstox Ratings
Upstox has been rated by its customers across various parameters including fees, brokerage, usability, customer service, and research capabilities. The overall rating provides insight into the customer satisfaction levels and areas for improvement.
| Category | Rating |
|---|---|
| Overall Rating | 2.4/5 |
| Fees | 3.4/5 |
| Brokerage | 3.4/5 |
| Usability | 2.6/5 |
| Customer Service | 2.3/5 |
| Research Capabilities | 2.2/5 |
| Based on 143 Votes by Upstox Customers | – |
Upstox Complaint Report
The complaint report provides details on the number of customer complaints received by Upstox across various exchanges and financial years. This data helps in understanding the quality and reliability of Upstox’s services.
| Exchange | Financial Year | Number of Clients | Complaints | Percentage |
|---|---|---|---|---|
| NSE | 2024-25 | 2,555,618 | 54 | 0% |
| NSE | 2023-24 | 2,401,555 | 209 | 0.01% |
| NSE | 2023-24 | 2,555,618 | 299 | 0.01% |
| BSE | 2023-24 | 783,887 | 37 | 0% |
| BSE | 2023-24 | 1,058,903 | 63 | 0.01% |
| NSE | 2022-23 | 2,880,604 | 402 | 0.01% |
| BSE | 2022-23 | 766,578 | 28 | 0% |
| NSE | 2021-22 | 5,215,523 | 502 | 0.01% |
| BSE | 2021-22 | 499,893 | 43 | 0.01% |
| NSE | 2020-21 | 2,141,095 | 862 | 0.04% |
