Upstox
Upstox
Discount Broker

About Broker

Supported by Tiger Global and Ratan Tata, Upstox is a discount brokerage firm that provides complimentary third-party premium subscriptions upon account registration. As of February 2024, Upstox maintains an active client base of 2,501,173.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.

EquityCommodityCurrencyFuturesOptions

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening

Free

Account Maintenance

Free

Call Trade

₹50

Brokerage

Equity Delivery

2.5% up to Rs 20

Equity Intraday

0.05% up to Rs 20

Equity Futures

0.05% up to Rs 20

Equity Options

₹20 per order

Currency Futures

0.05%

Currency Options

₹20

Commodity Futures

0.05%

Commodity Options

₹20

Margins

Equity Delivery

4x As per exchange

Equity Intraday

5x As per exchange

Equity Futures

1x As per exchange

Equity Options

1x As per exchange

Currency Futures

1x As per exchange

Currency Options

1x As per exchange

Commodity Futures

1x As per exchange

Commodity Options

1x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Pro Web Trading PlatformUpstox Pro Mobile

Other Details

Pros

Advantages and Strengths of this broker.

  • Upstox’s early morning newsletter is thoughtfully designed, delivering valuable insights and a thorough market summary.
  • Upstox offers free delivery transactions, applies flat trading fees, and provides margining against owned shares.
  • An extensive collection of educational resources is available, covering both technical analysis and fundamental investing concepts.
  • Users can seamlessly switch between the TradingView and ChartsIQ charting libraries.

Cons

Disadvantages of this broker that it needs to improve upon.

  • NRIs, HUFs, and businesses can only open a demat account via the offline procedure.
  • Customers should carefully choose mutual funds, as both direct and regular plans are offered.
  • A supplementary charge of ₹20 per executed order applies to intraday square-off trades if not closed by the customer.

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

3-in-1 AccountComplimentary Trading CallsFree Market ResearchSMS NotificationsMargin Funding FacilityMargin Against Securities

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

Mutual FundsIPO ServicesDebt BondsExchange-Traded Funds (ETFs)Insurance Coverage