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Upstox Review

Upstox review is a first low-cost broking firm in India which provides trading opportunities at low prices. It provides trading on different segments such as equities, commodities, currency, futures, and options. These are available in trading platforms such as upstox pro web and upstox pro web.

Upstox is backed by a group of investors including Kalaari Capital, Ratan tata and GVK Davis. Upstox trading platform offers trading, analysis, charting and many more trading features. We can easily place orders using a mobile application or through a web browser. It is built on Omnisys NEST Order Management System and Omnisys NEST Risk Management System.

Upstox doesn’t charges for account opening and trading in equities delivery segment whereas upstox pro is a paid service for equity F&O, equity intraday, commodities and currency derivatives.

ACCOUNT OPENING CHARGES:

   Demat Services            Charges
Depository SourceCDSL
Account Opening ChargesRs.354 for equities and 531 rupees for equities and commodities
Demat AMC ChargesRs.300 per year
Trading AMC ChargesFree
Margin MoneyZero
Offline to OnlineNo

BROKERAGE CHARGES:

                    Brokerage                Charges
Equity Delivery TradingZero
Equity Intraday TradingRs.20 or 0.01% per tradeWhichever is lower
Commodity Options TradingRs.20 or 0.01% per tradeWhichever is lower
Equity Futures TradingRs.20 or 0.01% per tradeWhichever is lower
Equity Options TradingRs.20 or 0.01% per tradeWhichever is lower
Currency Futures TradingRs.20 or 0.01% per tradeWhichever is lower
Currency Options TradingRs.20 or 0.01% per tradeWhichever is lower
Minimum BrokerageZero

OTHER CHARGES:

           Other Charges                             Upstox
STT0.025% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

TRADING PLATFORMS:

Trading platforms                                               Features
Nest Trading Platform1. Provides high-speed trading with very low delays during transactions.
2. Interface can be customized or personalized as per the client’s preferences.
3. Users have the provision of streaming data on multiple interfaces at the same time.
4. Advanced charting features for users to perform technical analysis.
Upstox Pro Web1. A light application can be accessed through any browser or device.
2. High functional charts with over 100 indicators and charts that allow users to observe the market and stock trends.
3. The ordering window is displayed on the screens so that users can place orders instantaneously.
4. Features such as Workspaces can be customized as per user preferences.
5. Keyboard shortcuts provided to enter orders quickly.
Upstox Pro-mobile app1. Live-streaming of Prices from NSE F&O, NSE Cash, BSE Cash, NSE Currency and BSE Currency.
2. Line charts, candlesticks with chartings indicators and drawing tools for users to comprehend data easily and take actions quickly.
3. Advanced order types such as Cover Orders & Bracket Orders.
4. Easy money transfer with more than 40 banks available within the app

OTHER PRODUCTS:

Other products                                                   Overview
Mutual Funds1. Upstox offers investing in mutual funds in regular plans.
2. Investing in mutual funds is free on upstox platform.
3. Upstox mutual funds platform helps u to select best mutual funds across different categories

PRO’S & CON’S:

                                  Advantages                     Disadvantages
High tech and advanced trading platforms enable customers easeNo provision to invest in IPOs, FPOs or mutual funds.
and flexibility to trade online.Call and trade feature requires additional ₹20 per trade.
Flat rate of ₹20 per executed order across trading segments provides transparency.Good Till Cancelled orders are not available in Equity Segment
Funds transfer with 40 prominent banks in India is allowed.

1 Response

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