A lot of you people have heard that online platforms are best for trading. They are safer, reliable, encompasses the best safety and securities etc.
Well, this is true, online trading platforms have come as a divine help for those who are the trading and investing enthusiasts. But, it’s not as easy as it appears to be a part of such trading platforms. If you wish to trade via the prevailing online trading platforms then you must have a crystal clear understanding of the way they charge you. Yes, it’s the most important thing while selecting your broker house.
There are various broker houses, but in this article we are considering one of the most famous and swiftly emerging trading platforms called upstox. You must have heard of it right? Here, we will discuss in detail what the company upstox is all about and how it is charging various fees and charges from it’s customers, so let’s begin!!
About Upstox
The company, Upstox is a tech-first low cost broking company in India that is giving trading opportunities at indomitable prices. This company provides trading on different sectors such as commodities, equities, currency, futures, options which are obtainable on its Upstox Pro Web as well as on Upstox Pro Mobile trading platforms.
Upstox is supported by a group of investors which encompasses Kalaari Capital, Ratan Tata as well as GVK Davix.
This trading platform upstox offers trading, analysis, charting and many other rich trading features. This platform makes it susceptible and simple to place orders through mobile phones as well as the web browser. Upstox trading outlet is created on Omnisys NEST OMS (Order Management System) and also the Omnisys NEST RMS (Risk Management System).
The best thing about Upstox is that it gives absolutely free trading accounts and also free trading in the Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Currency Derivatives and commodities is available through Upstox Pro only. UpStox Pro is nothing but the paid service of UpStox for traders.
Now, we must have a look at the way upstox charges it’s few from it’s large customer base.
Charge sheet of upstox
You must have heard that the trading platform upstox does not charge even a penny for the demat accounts it provides. It’s true to an extent but not completely. There are still some mandatory charges that you will have to pay if you are a trader and using the platform of upstox. Let’s have a look at some of the following:
The first one is the Upstox Account Opening Charges which is currently ¹249.
The another one is Upstox Demat AMC that is fixed at ¹300 per year (paid monthly).
Note: You can calculate the Upstox brokerage Charge for free. Click the link below.
Prepaid Brokerage Plans of Upstox (¹249, ¹499 or ¹999)
Each and every upstox customer likes to purchase one of the following prepaid plan of the brokerage so that he can open a Upstox account. It is essential for a trader to purchase a prepaid brokerage plan with this platform, upstox. This plan is also very mandatory for those people who would like to do only equity delivery trades which are absolutely free from the brokerage.