Upstox 2019 Brokerage Charges, Review, Trading Platform and Info.

Upstox is the trading platform offered by RKSV(2008 – Retail operations from 2012 as RKSV), the popular discount broker offering Equity, Commodity & Currency Derivatupstoxives trading services at BSE, NSE & MCX. It is built on top of Omnesys NEST OMS (Order Management System). Upstox makes it easy to place orders through mobile phones & web browser. They offer absolutely free trading account & free trading in Equity Delivery segment. Trading in Equity F&O, Equity Intraday Commodities & Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of UpStox for traders. Trading platform offers trading, analysis, charting & many more rich trading features.

Website.Click to open website
Demat Account.NSDL- Partnership with ILFS.
Trading Exchanges.NSE, BSE & MCX.
Broker Type.Discount Broker.

Account opening Charges.

Trading Account.NA.
Demat account.Rs 300.
Commodity Account.Rs.0.
Trading Annual maintenance charges (AMC).Rs 400 Per Year.

Brokerage Charges.

1. Plan 1 – UPstox Basic.
Equity Delivery Based Trades: Rs 0 (no trade limit).

2. Plan 2 – Upstox Pro
Equity Delivery Based Trades: Rs 0 (Unlimited trades).
Equity Intraday Trades: 0.01% or Rs 20 per executed order (whichever is lower).
Equity Future: 0.01% or Rs 20 per executed order (whichever is lower).
Equity Options: 0.01% or Rs 20 per executed order (whichever is lower) (on Turnover).
Currency Futures & Options: 0.01% or Rs 20 per executed order (whichever is lower).
Commodity Futures: 0.01% or Rs 20 per executed order (whichever is lower).

SEGMENT.Basic Brokerage.Pro Brokerage.
Equity (Intraday).Not Applicable.Rs 0.
Equity (Delivery).Rs 0.0.01% or Rs 20/Trade whichever is lower.
Equity Futures.Not Applicable.0.01% or Rs 20/Trade whichever is lower.
Equity Options.Not Applicable.Rs 20/trade.
Currency Futures.Not Applicable.0.01% or Rs 20/Trade whichever is lower.
Currency Options.Not Applicable.Rs 20/trade.
Commodity.Not Applicable.0.01% or Rs 20/Trade whichever is lower.

Leverage or Margin.

SEGMENT.Dream Plan.Pro Plan.Ultimate Plan.
BSE & NSE Cash.20 Times.20 Times.20 Times.
NSE Futures.4 Times.4 Times.Upto 6 Times.
NSE Options.3 Times.3 Times.4 Times.
NSE Currency F&O.3 Times.3 Times.4 Times.
MCX Commodities.2.5 Times.2.5 Times.3 Times.

Charge Explained.
STT: This is charged only on the sell side for intraday & F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty: Charges based on the state the customer is located in.
Service Tax: This is charged at 14% of the total cost of brokerage plus transaction charges.
SEBI Turnover Fees: This is charged at Rs 20 per Crore.
Transaction or Turnover Charges: This is charged at Rs 350/crore for Equity, Rs 210/crore for Futures, Rs 5500/crore on premium for options.

Other Charges (UPstox Broker Hidden Charges / Fees).
Call & Trade: Rs 20/- per executed order.
Physical contract notes: Rs 25 per contract note plus courier charges. (Digital contract notes are free.).
Instant Money Transfer Fee: Rs 7 per transfer.

Trading Platform Or Software.

Web based.YES..

Some Useful Features.

Online Trade Reports.No Info.
Online PNL Reports.No Info.
Intraday Chart Facility.NA.
End of Day Chart Facility.NA.
3 in 1 Account.No Info.
Instant Fund withdrawal.No Info.
Relationship Managers.No Info

Advantages.

1.India's first truly free investing app.Finally, buy & sell stocks at 0% brokerage.
2.Investing in Equities beats investing in Gold & Fixed Deposits by a wide margin.Your profits are also tax free, unlike Gold & FD's
3.After Market Order (AMO), Cover Order & BO are available on both web & mobile.
4.Trailing-Stop/Stop-Loss (SL) is available in both web & mobile.
5.NEST will remain available for first few months after the RKSV customers are moved to Upstox.
6.Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
7.In basic plan, brokerage is free but you still have to pay DP changes.
8.Algo-trading facilities is not available.

Disadvantages.

1.Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
2.In basic plan, brokerage is free but you still have to pay DP changes.
3.Algo-trading facilities is not available.

Customer Care Services.

Contact Details.Registered Address.
RKSV, 807
New Delhi House, New Delhi 110001.
Corporate Office.
212 Trade Centre, BKC,
B&ra (E), Mumbai 400 098.
Call.Customer Care.
022-61309999.
Email.iNo Info.
Complaints Or Grievances.complaints@rksv.in

Sebi Registration.

RKSV Securities: NSE CM: INB231394231, NSE F&O: INF231394231.
NSE CDS: INE231394231, CDSL: IN-DP-CDSL- 00282534.
NSDL: IN-DP-NSDL-11496819, BSE CM: INB011394237.
BSE F&O: INF 011394237, CDSL: IN-DP-CDSL- 00283831.
NSDL: IN-DP-NSDL-11497282, RKSV Commodities MCX Member Code: 46510.
FMC Regn. No. MCX: MCX/TM/CORP/2034.
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  1. chetan jain May 9, 2017

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