Updated On May 15, 2024

By SaraNextGen

What are the brokerage charges of upstox?

With the advent of technology, we could see ‘app’ based brokers coming up. Technology helped them lower their operating cost and hence, they were able to pass it down to their customers. These brokers came to be known as ‘discount brokers’. They offer low brokerage charges but unlike full-service brokers, their services are limited to trading. This is the review of one such popular discount broker.

• A lot of you people have heard that online platforms are best for trading. They are safer, reliable, encompasses the best safety and securities  etc. 

• Well, this is true, online trading platforms have come as a divine help for those who are the trading and investing enthusiasts. But, it’s not as easy as it appears to be a part of such trading platforms. If you wish to trade via the prevailing online trading platforms then you must have a crystal clear understanding of the way they charge you. Yes, it’s the most important thing while selecting your broker house. 

• There are various broker houses, but in this article we are considering one of the most famous and swiftly emerging trading platforms called upstox. You must have heard of it right? Here, we will discuss in detail what the company upstox is all about and how it is charging various fees and charges from it’s customers, so let's begin!! 

• About Upstox 

• The company, Upstox is a tech-first low cost broking company in India that is giving trading opportunities at indomitable prices. This company provides trading on different sectors such as commodities, equities, currency, futures, options which are obtainable on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms.

• Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata as well as GVK Davix.

• This trading platform upstox offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as the web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and also the Omnisys NEST RMS (Risk Management System).

• The best thing about Upstox is that it gives absolutely free trading accounts and also free trading in the Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders.  

• Now, we must have a look at the way upstox charges it’s few from it’s large customer base. 

• Charge sheet of upstox 

• You must have heard that the trading platform upstox does not charge even a penny for the demat accounts it provides. It’s true to an extent but not completely. There are still some mandatory charges that you will have to pay if you are a trader and using the platform of upstox. Let’s have a look at some of the following: 

• The first one is the Upstox Account Opening Charges which is currently ¹249.

• The another one is Upstox Demat AMC that is fixed at ¹300 per year (paid monthly).

• Note: You can calculate the Upstox brokerage Charge for free. Click the link below.

• Prepaid Brokerage Plans of Upstox (¹249, ¹499 or ¹999)

• Each and every upstox customer likes to purchase one of the following prepaid plan of the brokerage so that he can open a Upstox account. It is essential for a trader to purchase a prepaid brokerage plan with this platform, upstox. This plan is also very mandatory for those people who would like to do only equity delivery trades which are absolutely free from the brokerage. 

• Plan

• Customer Pays

• Customer gets brokerage worth

• Extra brokerage earned

• Standard Plan

• ¹249

• ¹400

• ¹151

• Advanced Plan

• ¹499

• ¹1,000

• ¹501

• Premium Plan

• ¹999

• ¹2,500

• ¹1501

• Upstox Equity Delivery Charges and the Intraday Charges

• Upstox Charges

• Equity Delivery

• Equity Intraday

• Brokerage

• ¹0

• ¹20 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

• ¹325/crore

• ¹325/crore

• Demat Transaction Charges

• ¹18.5 per scrip (only on sell)

• ¹0

• GST

• 18% (on Brokerage + Transaction Charges)

• 18% (on Brokerage + Transaction Charges)

• SEBI Charges

• ¹5/Crore

• ¹5/Crore

• Stamp Duty

• Equity Future and Options Charges of Upstox 

• Upstox Charges

• Futures

• Options

• Brokerage

• ¹20 per executed order or 0.05% (whichever is lower)

• Flat ¹20 per executed order.

• STT

• 0.1% (on Sell Side)

• 0.1% (on Sell Side)

• Transaction Charges

• ¹210/crore

• ¹5500/crore on premium turnover

• Demat Transaction Charges

• ¹0

• ¹0

• GST

• 18% (on Brokerage + Transaction Charges)

• 18% (on Brokerage + Transaction Charges)

• SEBI Charges

• ¹5/Crore

• ¹5/Crore

• Stamp Duty

• What are the Currency Charges of upstox? 

•  Currency brokerage of upstox charge is ¹20 per committed order or 0.05%. 

• Upstox Charges

• Currency Futures

• Currency Options

• Brokerage

• ¹20 per executed order or 0.05% (whichever is lower)

• Flat ¹20 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

• ¹5/Crore

• ¹5/Crore

• Stamp Duty

• What are the Upstox Commodity Charges? 

•  The Commodity brokerage of Upstox is just ¹20 per executed order or 0.05%. 

• Upstox Charges

• Commodity Futures

• Commodity Options

• Brokerage

• ¹20 per executed order or 0.05% (whichever is lower)

• Flat ¹20 per executed order.

• STT

• 0.01% on sell trade (Non-Agri)

• 0.05% on sell trade

• Transaction Charges

• 0.0031%

• 0.002%

• GST

• 18% (on Brokerage + Transaction Charges)

• 18% (on Brokerage + Transaction Charges)

• SEBI Charges

• ¹5/Crore

• ¹5/Crore

• Stamp Duty

• What are the hidden charges that are charged by the Upstox? 

• Here, the first charge encompasses Call & Trade charges that is just Rs. 20 per executed order. 

• Another hidden charges of upstox include Physical contract notes charges that are fixed at ¹25 per contract note in addition to the courier charges. (Here, Digital contract notes are free.)

• The last one is Instant Money Transfer Feet that has been fixed at ¹7 per transfer.

• Conclusion 

• So now after reading this whole thing you must have get an idea about the working procedure of of upstox? how does it work? and how it makes money from you? 

• Now it is clear that upstox charges some of the mandatory charges that too at a very minimal rate and is not asking nothing wrong from you. The charges mentioned are the basic one and are charged everywhere you go. 

• After seeing the above charge sheet you can now arrive at a decision that whether upstox is the platform suitable to you, or not? You should not give it another second if you made your mind for the upstox, and should begin with procedure of demat account now only.