Looking for an online trading platform with low brokerage charges?
Well then, you have come to the right place.
In this article, I will be talking about why you should open your trading account with Upstox?
So let’s get started 🙂
Upstox Review 2021 with Latest Features
Upstox is an online trading platform registered under the trademark of RKSV Securities India Pvt. Ltd. The company is located in Mumbai and holds membership in all popular exchanges like BSE, NSE, and MCX.
In 2012, Upstox became the first company to offer unlimited trading plans at a fixed price.
It is backed by renowned names like Mr. Ratan Tata and Tiger Global.
Upstox also aims to grow its user base 3-4 times in 2021 as reported by the Economic Times.
 | Pros |  | Cons |
| Free Equity Delivery Trading |  | Call & Trade fees are charged Rs 20 extra along with Rs 20 for every order executed. |
| Provides trailing stop loss in both mobile and Web Browser |  | Rs 20 squared off fees are charged for Intraday open orders. |
| It is based on the Omnesys NEST OM (Order Management) & RM (Risk Management) systems. |  | The Good Till Day order feature is not present in the Equity delivery segment, |
| Offers 100+ Trading indicators to perform your own analysis |
Upstox Charges 2021 :
- Upstox Account Opening fees: 199 Rs
- Upstox Demat Monthly Maintenance fees: 25 Rs (Excluding GST)
Upstox charges a one-time account opening fee of Rs.199 and a monthly maintenance fee of Rs 25.
That’s quite cheap, isn’t it?
Well, it’s definitely cheap, but, let’s look at the various charges for Equity, Intra-day, Futures, and Options before making any decisions.
Upstox Equity Delivery and Intra – Day Charges 2021
| Upstox Charges | Equity Delivery | Equity Intra- Day |
| Brokerage | (No Charges)Free | Rs 20 per executed order or 0.05% (whichever is lower) |
| STT | 0.1% on both buy and sell | 0.025% only on sell |
| Transaction Charges | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group |
| Demat Transaction Charges | Rs. 18.5 per scrip per day only on sell. | (No Charges)Free |
| Goods & Service Tax | 18% (on brokerage + transaction + Demat charges) | 18% (on brokerage + transaction charges) |
| SEBI Charges | Rs. 5 per Crore | Rs. 5 per Crore |
Upstox Equity Futures & Options Charges 2021
| Upstox Charges | Equity Futures | Equity Options |
| Brokerage | Rs. 20 per executed order or 0.05% (whichever is lower) | Flat Rs. 20 per executed order |
| STT | 0.1% only on sell | 0.05% only on sell |
| Transaction Charges | Exchange turnover charge: 0.0020% Clearing charge: 0.0002% | Exchange turnover charge: 0.053% Clearing charge: 0.005% |
| Demat Transaction Charges | (No charges)Free | (No charges)Free |
| Goods & Service Tax | 18% (on brokerage + transaction + Demat charges) | 18% (on brokerage + transaction charges) |
| SEBI Charges | Rs. 5 per Crore | Rs. 5 per Crore |
Upstox Currency Futures & Options Charges 2021
| Upstox Charges | Currency Futures | Currency Options |
| Brokerage | Rs. 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order |
| Transaction Charges | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% |
| Goods & Service Tax | 18% (on brokerage + transaction + Demat charges) | 18% (on brokerage + transaction charges) |
| SEBI Charges | Rs. 5 per Crore | Rs. 5 Per Crore |
Upstox Commodity Futures & Options Charges 2021
| Upstox Charges | Commodity Futures | Commodity Options |
| Brokerage | Rs. 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order |
| STT | 0.1% only on sell | 0.05% only on sell |
| Transaction Charges | Exchange turnover charge: 0.0026%Clearing charge: 0.0005% | Exchange turnover charge: ZeroClearing charge: 0.002%Rs 200 per Crore |
| Demat Transaction Charges | (No Charges)Free | (No Charges)Free |
| Goods & Service Tax | 18% (on brokerage + transaction + Demat charges) | 18% (on brokerage + transaction charges) |
| SEBI Charges | Rs. 5 per Crore | Rs. 5 Per Crore |
Now you must be thinking what are all these charges?
Well, worry not. We are going to define these charges in simple one-liners.
- Brokerage – Fees charged by the broker to execute a trade or for providing service.
- STT – Cleartax defines STT as the tax charged on buying or salling of securities listed on the Stock Exchange.
- Transaction Charges – Charged by Stock Exchanges on the value of the transaction
- Demat Transaction Charges – Charged by NDSL and CDSL for providing depositary services.
- Goods & Service Tax – Tax charged on the government on services provided.
- SEBI Charges – Fees charged by SEBI to meet the expenses incurred by them.
So far we have discussed the various charges that Upstox levies on the different products.
But you guys must be wondering that these charges are like every other broker out there.
So, In order to clear that confusion let’s compare and see how much brokerage you can save with Upstox.
Save up to 95% on brokerage charges with Upstox
You can save a lot of money with Upstox as compared to other service providers.
Let’s take ICICI securities for comparison purposes and assume your monthly trading is Rs 20 Lakhs
ICICI Securities charges 0.55% Per Trade
| ICICI Brokerage Calculation | |
| Amount | Rs. 20,00,000 |
| Trades | Rs. 10 |
| Brokerage Charges | .55% |
| Total Yearly Brokerage | = (20,00,000*12 months)* 0.55% = Rs. 1,32,000 |
Whereas, Upstox charges Rs. 0 for Equity delivery and Rs. 20 on Intra-day transactions.
| Upstox Brokerage Calculation | |
| Amount | Rs. 20,00,000 |
| Trades | Rs. 10 |
| Brokerage Charges | Rs. 20 Per Trade |
| Total Yearly Brokerage | = (10 Trades *12 months) *20 per Trade = Rs. 2,400 |
So what are you guys waiting for?
Hurry up and open your Upstox account using the link below to save massive brokerage.
Upstox 3 in 1 account Review
In March 2020, Upstox collaborated with IndusInd bank to offers a 3 in 1 account to its customers.
The account as the name suggests provides the benefit of Trading, Demat, and Bank Account all bundled in a single account.
The account comes with a smart transfer feature that offers the user to trade without transferring money to your trading account.
The best part about Upstox 3 in 1 account is you will earn interest on the money that is kept aside for your trading.
Benefits of Upstox 3 in 1 account
- Earn 6% interest on funds allocated for trading.
- Customize your bank account number (Like Anniversary or a Special event)
- Earn reward points with a titanium debit card
- Zero balance savings account
- Free call and trade facility up to 10 free calls every month
You can open your Upstox 3 in 1 account for free using the link below
Upstox Customer Experience :
| Upstox Rating | |
| Interface Experience | 8.5/10 |
| Trading Platform | 8.6/10 |
| Product and Services | 8.2/10 |
| Overall Rating | 8.5/10 |
| Total Customer Reviews | 3137 |
Customers find Upstox super easy to use due to the friendly interface and trading platform.
Frequently Asked Questions:
Q1. Is Upstox a trusted broker?
Ans: Yes, Upstox can be trusted as it is a SEBI registered broker that in the business for more than 11 years. It holds membership in all popular exchanges like BSE, NSE, and MCX.
Q2. Can I invest in IPO using Upstox?
Ans: Upstox provides the facility to apply to an IPO along with a Robo advisory to guide you in the process.
Q3. Is Upstox a good choice for Beginners?
Ans: Upstox offers free equity delivery. A beginner will initially invest small amounts and trade in the equity delivery segment only. Hence, Upstox is an excellent choice for a beginner.
Q4. Is Upstox owned by Ratan Tata?
Ans: Upstox is backed by funding from Mr. Ratan Tata. As of July 2021, Mr. Ratan Tata holds a 1.33% stake in Upstox
Q5. Does Upstox Allow BTST Facility?
Ans: No Upstox does not allow Buy Today sell Tomorrow facility. After the introduction of the new margin policy by SEBI, Upstox stopped offering the BTST facility.
A commerce graduate who is on a mission to educate people about investment and personal finance.