Upstox, a part of RKSV Securities, has garnered support from some big-league investors like Ratan Tata, Tiger Global, and Kalaari Capital. It has etched its name as one of India’s most affordable discount brokers. Upstox prides itself on its competitive fee structure, making it an attractive choice for traders. When it comes to charges, Upstox keeps it simple.
But it’s not just about the cost, Upstox shines in terms of its online trading platforms, particularly the Upstox Pro App and Pro Web. These platforms are powered by Omnisys Nest OMS and Omnesys Nest RMS, which deliver a seamless trading experience. Now, what’s exciting about the Upstox Pro mobile app is its rich set of features.
Upstox account opening charges
Upstox provides a range of services, including stock trading accounts and Demat accounts. When trading with Upstox, customers are responsible for covering fees, commissions, and taxes. Let’s break down Upstox’s fee structure and trading commission rates.
|Type of Charge||Fees Amount|
|Upstox Account Opening Charges||ZERO|
Upstox AMC Charges (Upstox Account Maintenance Charges)
To get started with Upstox, there are certain charges you need to be aware of, namely account opening charges and annual maintenance charges (AMC). AMC is a charge that is levied by most of discount brokers to cover the account maintenance costs of their clients.
But if you opt for opening your account with Upstox then you will get ZERO Upstox AMC Charges. Upstox does not charge account maintenance fees. You can enjoy all the benefits of discount brokers even without paying any Uptox account opening fees or Upstox AMC charges.
|Type of Charge||Fee Amount|
|Upstoc AMC charges on Mutual Funds and IPO||0|
Upstox Brokerage Charges (Latest)
When customers buy or sell stocks through Upstox, they incur commission charges, commonly referred to as brokerage fees. Let’s delve into the brokerage charges associated with Upstox for equity, commodities, and currency derivative trading, as outlined below.
|Trading Segment||Brokerage Charges|
|Equity Delivery (Buy today and hold for as long as you want)||20rs. or 2.5%
whichever is lower on Equity Delivery
|Equity Intraday (Same Day trades)||20rs. per executed order or 0.05% (whichever is lower)|
|Equity Futures (You buy futures of any Equity)||20rs. per executed order or 0.05% (whichever is lower)|
|Equity Options (When you buy Call or Put)||Flat 20rs. per executed order.|
|Mutual Fund Option (When you Invest your money in Mutual Funds)||0|
|IPO Option (Initial Public Offering)||0|
|Currency Options (When you trading in Currency options)||20rs. or 0.05% (whichever is lower) per order on Stocks|
|Commodity Options||20rs. or 0.05% (whichever is lower) per order on Stocks|
Additional charges, known as “Other Charges,” apply when trading with Upstox. Here are the details:
- When you make a Call and trade Charges: Rs 50 Per Executable Order
- Auto Square Off Charges: Rs 50 Per Executable Order
- Hidden Charges: Not Applicable (NA)
Please be aware of these charges when trading through Upstox, as they may impact your overall transaction costs.
Upstox Transaction Charges on Trade
The Transaction Charges in the context of Upstox are a combination of two components: Exchange Turnover Charge and Trade Clearing Charge. These charges are essential aspects of the overall cost structure when participating in trading activities. If you want to delve deeper into these Transaction Charges and gain a more comprehensive understanding, you can explore additional information Upstox provides.
For purchasing stocks and selling them after holding for a certain period, whether it’s days, weeks, or months, you will incur brokerage fees of 20 rupees per order or 2.5% of the transaction value, whichever is lower. This fee structure is applicable to all customers who joined on or after September 21, 2021, and is specific to what is commonly referred to as an “equity delivery order.”
Upstox offers a competitive fee structure for traders and investors, making it an appealing choice in the world of brokerage services. The brokerage charges, whether for equity trading or account opening, are designed to be transparent and cost-effective. By offering various pricing options and catering to different trading needs, Upstox empowers individuals to manage their investments efficiently. Whether you’re a seasoned trader or just starting on your investment journey, Upstox’s brokerage and account opening charges provide flexibility and accessibility, ensuring that you have the tools you need to thrive in the financial markets.