Upstox
Backed by Tiger Global & Ratan Tata, Upstox is a discount broker that provides free third-party premium subscriptions at the time of account opening.
Product Basket
The segments in which you can invest through this broker
Equity
Options
Currency
Futures
Commodity
Trading Platforms
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.
Pro Web Trading Platform
Upstox Pro Mobile App
Charges
Account Opening Charges – Free
Account Maintenance Charges – ₹249
Call and Trade – ₹20
Brokerage Charges
Equity Delivery – 2.5%
Equity Intraday – 0.05%
Equity Futures – 0.05%
Equity Options – ₹20
Currency Futures – 0.05%
Currency Options – ₹20
Commodity Futures – 0.05%
Commodity Options – ₹20
Margins
Equity Delivery – 4x
Equity Intraday – 5x
Equity Futures – 1x
Equity Options – 1x
Currency Futures – 1x
Currency Options – 1x
Commodity Futures – 1x
Commodity Options – 1x
Pros
-
Upstox introduced morning newsletter, where everyone can read market recap and market talk for Free
-
Free equity deliver brokerage.
-
Upstox have many technical Indicators that helps to traders.
-
Upstox was funded by Ratan Tata and Tiger Global; Which built trust for subscribers.
Cons
-
Upstox provides less margin exposure.
-
In mutual funds both direct plans and regular plans are available; customers has to be careful at the time of selecting
-
Upstox charges high Demat transaction charges in basic plan.
-
If customers don’t square off than Upstox charges extra ₹20 per execution.
Free Trading Call