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Upstox app review India in 2024: Brokerage Charges list, AMC & Rating

Upstox app review India in 2024: Brokerage Charges list, AMC & Rating
Brand: Upstox
Category: Stock brokers

Our Rating

The overall rating is based on review by our experts

8.4
  • Users Rating 8 / 10
  • Features 9 / 10
  • Brokerage Charges & Fees 9 / 10
  • User Interface 8 / 10
  • Customer Support 8 / 10

Note

If your pledged shares are liquidated by Upstox due to insufficient margin or violation of pledge rules, an invocation charge of Rs. 50 + GST per instance and statutory charges will be levied.

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Charges & Features

Company Overview

Company name Upstox- RKSV Securities India Private Limited (RSIPL)
Headquarters Delhi
Founder Ravi Kumar
Establishment Year April 6, 2009

Account opening & AMC

Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0

Pledge Charges

Pledge Creation Charges ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only
Pledge Invocation Charges ₹50 + GST per scrip for unpledging
Interest on Margin Trading ₹20/day for every slab of ₹40,000 taken as MTF
Margin Re-Pledge ₹20 + GST per scrip for Equity

Brokerage charges & Fees

Brokerage Plan Standard
Equity Delivery Charges ₹20 or 2.5% whichever is lower
Equity Intraday Charges ₹20 per executed order or 0.05% (whichever is lower)
Equity Futures charges ₹20 per executed order or 0.05% (whichever is lower)
Equity Options charges Flat ₹20 per executed order
Currency Futures charges ₹20 per executed order or 0.05% (whichever is lower)
Currency Options charges Flat ₹20 per executed order
Commodity Futures charges ₹20 per executed order or 0.05% (whichever is lower)
Commodity Options charges Flat ₹20 per executed order

Customer services offered

Demat Services ✅Yes
Trading Services ✅Yes
Intraday Services ✅Yes
F&O Services ✅Yes
IPO Services ✅Yes
Share Pledging ✅Yes
NRI Services ✅Yes
Referral Program ✅Yes

Customer Support

Call Support 022-41792999: All Trading Days – 8 am to 5 pm
Email Support support@upstox.com: All Trading Days – 8 am to 5 pm
Whatsapp Support No
Website Support Yes, 8AM - 7PM IST, Monday - Saturday

Leverage (Margin) Offered

Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage Leverage is 1.3x across all Equity F&O contracts
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront
Currency F&O Margin Leverage Leverage is 1.3x across all Currency F&O contracts
Commodity F&O Intraday Margin Leverage Leverage is 1.3x across all Commodity F&O contracts
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront

Unique Offerings

Free Account Opening ✅Yes
Free Brokerage On Mutual Funds and IPOs only
Free AMC ✅Yes
Free Equity Delivery ⛔No
Free F&O Trading ⛔No
Free Intraday Trading ⛔No
Free Trading calls ⛔No
Happy Trading Hours ⛔No
Flexible Brokerage Plans ⛔No
Referral Offers ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes
Brokerage Cashback ⛔No
Zero Brokerage for Loss Making Trades ⛔No
Relationship Manager ⛔No

Services Provided

Equity Delivery ✅Yes
Equity Intraday ✅Yes
Equity Futures ✅Yes
Equity Options ✅Yes
Currency Futures ✅Yes
Currency Options ✅Yes
Commodity Futures ✅Yes
Commodity Options ✅Yes
Foreign Stocks ⛔No
Mutual Funds ✅Yes
Banking ⛔No
Insurance ⛔No
Corporate Bonds ⛔No
Govt. Bonds ⛔No
Digital Gold ⛔No

Order Types

Market Order ✅Yes
Limit Order ✅Yes
Bracket Order ✅Yes
Cover Order ✅Yes
After Market Order (AMO) ✅Yes
Good Till Cancelled (GTC) ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No

Research & Reports

Annual Reports ⛔No
Company Reports ✅Yes, Basic only
Research Reports ⛔No
Fundamental Reports ✅Yes, Basic only
IPO Reports ✅Yes
Technical Reports ✅Yes, Basic only
Stock tips ⛔No
Daily Market Review ✅Yes
Monthly Review ✅Yes
Weekly Review ✅Yes
Robo Advisory ⛔No

STT & CTT Charges

Equity Delivery STT & CTT 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on sell side
Equity Options STT & CTT 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT
Currency Options STT & CTT No STT
Commodity Futures STT & CTT 0.01% on sell trade (Non-Agri)
Commodity Options STT & CTT 0.05% on sell trade

Trading Features

Watchlist ✅Yes
Real Time Updates ✅Yes
Portfolio Details ✅Yes
Price Alert ✅Yes
Online Mutual Fund Buy ✅Yes
Global indices ⛔No
Customized Recommendations ⛔No
Advanced charting ✅Yes
Live market ✅Yes
Multiple Profile Management ⛔No
Secure Platform ✅Yes

Trading Platforms

Android App ✅Yes
iOS App ✅Yes
Web Trading Platform ✅Yes
Trading Terminal ✅Yes
Algo Trading Platform ✅Yes
Foreign Stocks Trading Platform ⛔No
Basket Trading Platform ✅Yes
Mutual Fund Investment Platform ✅Yes
Digital Gold Investment Platform ⛔No
Bonds Investment Platform ⛔No

Transaction Charges

Equity Delivery Transaction Charges NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Intraday Transaction Charges NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
Equity Futures Transaction Charges NSE Exchange turnover charge: 0.0019%. BSE: Nil
Equity Options Transaction Charges NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium)
Currency Futures Transaction Charges NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022%
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges Non-Agri: Exchange turnover charge: 0.0026%
Commodity Options Transaction Charges Exchange turnover charge: 0.05%

Stamp Duty charges

Equity Delivery Stamp Duty 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty 0.0001% or Rs 10 per crore on buy-side
Currency Options Stamp Duty 0.0001% or Rs 10 per crore on buy-side
Commodity Futures Stamp Duty 0.002% or ₹200 per crore on buy-side
Commodity Options Stamp Duty 0.003% or ₹300 per crore on buy-side

Other Charges

SEBI Turnover Charges ₹10/crore (For all segments)
DP Charges ₹18.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free
Reactivation Charges Free
Dematerialization Charges ₹20 per Certificate
Call and Trade charges ₹50 + 18% GST

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