Upstox Brokerage Charges: Everything You Need to Know

Want to know more about the brokerage charges for trading with Upstox? Read on to find out!

Upstox is one of the leading discount brokers in India, offering affordable and efficient trading services to its clients. As a trader, it is essential to understand the brokerage charges for trading with Upstox to maximize your profits. In this article, we will discuss everything you need to know about the brokerage charges for trading with Upstox.

What is Upstox?

Upstox is a discount broker that offers low-cost trading services to its clients. The company was founded in 2011 and has since become a popular choice for traders in India. Upstox provides online trading services in stocks, commodities, currencies, and derivatives. The company has a user-friendly platform and charges a low brokerage fee, making it an ideal choice for beginners and seasoned traders alike.

Upstox Brokerage Charges:

Upstox charges a flat brokerage fee of Rs. 20 per trade, irrespective of the size of the trade. This means that whether you are trading in small or large quantities, you will be charged the same amount. Upstox also offers a monthly unlimited trading plan, which costs Rs. 499 per month. This plan allows you to trade an unlimited number of times without incurring any additional brokerage charges.

In addition to the flat brokerage fee, Upstox charges other fees, such as:

1. Demat Account Charges: Upstox charges a one-time fee of Rs. 150 for opening a Demat account. The annual maintenance charge for the account is Rs. 150, which is billed quarterly.

2. Transaction Charges: Upstox charges transaction fees for trading in different segments. The fees are as follows:

3. Other Charges: Upstox also charges other fees such as call and trade charges, SMS alert charges, and courier charges for sending documents.

Upstox Margin Requirements

Upstox offers margin trading facilities to its clients, which means you can trade with more funds than you have in your account. The margin requirements for Upstox are as follows:

Upstox Brokerage Calculator

To calculate the brokerage charges for trading with Upstox, you can use the Upstox brokerage calculator. The calculator takes into account the trade size, segment, and other charges to provide an estimate of the brokerage fees for a particular trade.

Conclusion

Upstox is an excellent choice for traders looking for low-cost trading services. The flat brokerage fee of Rs. 20 per trade makes it an attractive option for traders who trade frequently. However, it is essential to keep in mind the other fees, such as the Demat account charges, transaction charges, and other charges that Upstox levies on its clients. It is important to factor in these charges when making trading decisions to avoid any surprises.

One advantage of Upstox is that it offers margin trading facilities in select segments, allowing traders to trade with more funds than they have in their accounts. However, it is important to note that margin trading can be risky and should be approached with caution.

In conclusion, understanding the brokerage charges for trading with Upstox is crucial for traders to make informed decisions and maximize their profits. While the flat brokerage fee of Rs. 20 per trade is attractive, it is important to factor in the other charges that Upstox levies on its clients. With its low-cost trading services, user-friendly platform, and margin trading facilities, Upstox is a great choice for traders looking for affordable and efficient trading services in India.