Upstox offers a great deal of Upstox Brokerage Charges and also other Upstox Charges that you will read about in this article below. The article will take you through all the details of the charges of this firm which is a tech-first firm in the stock market.
It is one of its kinds which influenced the online trading and technology-based trading to a great extent and has come a long way to change the future of trading. Upstox is a discount brokerage company and their main priority is on the kind of technology they provide to the customers of theirs.
The firm is young, motivated, and offers a wide range of investment options and great services at very cheap and affordable rates.
In this article, we will not only talk about the brokerage and other charges of Upstox but, we will also compare these charges against the market average which will help you get a clear idea of your trading expenses/costs.
|Equity Delivery Trading||Zero|
|Equity Intraday Trading||Rs.20 per executed order or 0.05% (whichever is lower)|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the Upstox Brokerage Charges?
|What are the Equity Delivery Charges?||Zero|
|What are the Equity Intraday Charges?||Rs.20 per executed order or 0.05% (whichever is lower)|
|What is the brokerage on Equity Futures?||Rs.20 per executed order or 0.05% (whichever is lower)|
|How much brokerage charged for Equity Options?||Flat Rs.20 per executed order|
|What is the brokerage on Currency Futures?||Rs.20 per executed order or 0.05% (whichever is lower)|
|What is the brokerage on Currency Options?||Flat Rs.20 per executed order|
|How much brokerage charged for Commodity Trading?||Rs.20 per executed order or 0.05% (whichever is lower)|
|Brokerage Calculator||Upstox Brokerage Calculator|
So, as you can see all the brokerage charges which come under the Upstox Brokerage Charges schemes, you can understand that this firm charges a flat fee for all the segments. While the most expensive segment that is the delivery segment, there is no brokerage on the same with Upstox.
This is a boon for the investors and the traders who want to wait for achieving their desired prices in the market. For all other segments, the brokerage is only Rs.20 per executed order or 0.05% (whichever is lower) for each order that gets executed, and for the options segment, it is for each lot that you trade.
So, basically, except for the options, you can trade as many shares as you can or the future contracts in one order and pay only Rs.20 per executed order or 0.05% (whichever is lower) for that. For the options, you can trade any number of a lot in one order but for each lot, you have to pay Rs.20 per executed order.
This also goes for the commodities where you have to pay Rs.20 per executed order or 0.05% (whichever is lower) for each of the executed orders irrespective of the units you are trading.
Though, the brokerage plan is very simple but then also you can calculate the brokerage cost of your orders and transactions to know how much is going out from your pocket and the amount you will earn against that.
Open Demat Account with Upstox Now! – Fill up the Form
What are the Upstox Account Opening Charges?
|Account Opening Charges|
|Is there any Trading Account Charges [One Time]?||Rs. 0|
|How much is the Trading Account AMC [Yearly]?||Rs. 300 + 18% GST|
|Is there any Demat Charges [One Time]?||Rs. 0|
|How much is the Demat AMC [Yearly]?||Rs 249|
|Any minimum Margin Money required?||75% Margin|
Upstox Demat Charges include two charges, which are the annual maintenance charge and the Upstox account opening charge. The former one is charged every year to run the account with the firm and it is the same for the Upstox Trading Charges as well.
So, as you can see in the table above, the account opening charges for Demat account is nil or free, but there is a very nominal annual maintenance charge which is levied by the firm on the Demat account for maintaining the same. Moreover, this AMC is an upfront fee that is levied.
Apart from the Demat account, the account opening charge for the trading account is different for both the exchanges or segments as you may describe it. The amount is the same that is Rs.0 but you have to pay for each of them.
This means if you want to trade only in equity and derivatives, then you have to pay Rs.354 for AMC a trading account for the same and if you want to trade commodities, then Rs.249 for that Demat AMC.
The firm require 75% Margin as minimum margin balance requirement which frees the investors and traders from keeping any huge amount in the trading account to trade.
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What are the Upstox Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)|
|What are the Transaction Charges for Equity Intraday?||NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)|
|How much is the Transaction Charges for Equity Futures?||NSE Rs 200 per Cr (0.002%)|
|How much is the Transaction Charges for Equity Options?||NSE Rs 5300 per Cr (0.053%) (on premium)|
|What are the Transaction Charges for Currency Futures?||NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)|
|What are the Transaction Charges for Currency Options?||NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)|
|Any Transaction Charges for Commodity Trading?||Group A – Rs 290 per Cr (0.0029%)|
The Upstox transaction Charges of trading are different for the asset classes you trade. For instance, as you can see in the above table, the charge is not the same for the delivery segment and the futures. Even the equity futures and the currency futures do not have the same charge on them.
If we compare, then we can say that the transaction charges are pretty average as per the market. Except for the currency options segment, where it is 0.001% which is little over the top. Otherwise, all other charges are pretty fair and normal.
What are the other remaining Upstox Charges?
|How much is the Transaction Charges levied?||0.00005% (Rs. 5/Crore)|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||75% Margin|
|How much is the Reactivation Charge?||Rs 20 per instruction|
|Any charges Account Closure?||Rs 30 per instruction|
|What are the Dematerialisation Charges?||Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams.|
These are the Upstox Charges for the government-levied fees and tax and charges. These are quite similar as they are fixed by the government and the SEBI – stock market regulator. So, the transaction charge of 0.00005% is the average that almost every firm has if not more.
The STT is the same across the broker’s (except a few) at 0.0126%. The stamp duty is payable to the state government and they decide it but it is normally within 0.002% to 0.004%. The GST rate on stock trading is 18% as per the present tax regime.
There are other charges like the margin funding charge which is more of an interest component that needs to be paid if you use the margin funding facility, where you use the margin money to trade or you take the credit based on margin balance and trade.
Then you have to pay the interest on the same until you again payback the minimum margin balance requirement.
Check out Charges of other Stock Brokers
General FAQs on Upstox Charges
Lets have a look at the FAQs on Upstox Charges:
Does Upstox provide fixed brokerage options?
Yes, the firm provides a fixed brokerage plan to the customers.
Does Upstox have different brokerage charges for penny stocks?
No, there are no different brokerage options for the penny stocks.
Can I calculate Upstox brokerage even before I place a Trade?
Yes, you can easily calculate the brokerage of your trades before you place the order.
Can I calculate Upstox margin / limit / exposure?
Yes, you can use the margin calculator for calculating the margin balance, limit, and exposure before you order your shares or other assets that you trade.
Is there any account opening fees by Upstox?
Yes, the firm charges account opening fees for the trading account for each of the segments like equity and F&O and MCX.
Is there any AMC levied by Upstox?
Yes, there is a nominal annual maintenance charge which is levied on the Demat account.
Upstox Charges – Conclusion
Upstox charges are very competitive as it is a discount brokerage house that provides basic investment services at very low cost. This firm has exceptionally done well in establishing the new-age trading with a lot of technological advancements.
The Upstox Demat Charges or the brokerage charges or the transaction charges are very cheap and also simple to understand which helps the traders to focus on their trading and investment more than the charges.
Open Demat Account with Upstox Now! – Fill up the Form
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