Upstox Review 2021 – Genuine Review
Upstox Review 2021 – Genuine Review
Is Upstox Safe & Good
Uptstox (RKSV) is funded by Ratan Tata, Kalaari
Capital and GVK Davix which makes Upstox a safe and reliable stockbroker for
your investment.
Upstox is one of the best discount brokers in India,
especially for the traders. One side the Upstox provides the fastest trading
platforms which are the main need to book the high profits in day trading.
On the other side, you only need to pay only a flat Rs 20
per trade irrespective of your trade volume.
Recently Upstox crossed the 10 lakh user base mark and become
the second biggest discount broker in India.
What makes Upstox a Best Choice
- Free
account opening
- Flat
Rs 20 per trade for intraday
- Zero
brokerage on Delivery
- Provide
advanced technology trading platforms
Save upto 90% on brokerage charges with upstox
You can save huge money on your brokerage as compared to the
other service providers
Let’s assume you do minimum monthly trading of 10,00,000
rupees with 10 trades (20 if we include buying & selling side)
Comparison of Upstox trading brokerage with ICICI Securities
that charges 0.275% (0.55% if we include both buying and selling)
10,00,000 * 12 months * 0.55% = Rs. 66,000
Comparison of Upstox trading brokerage with Sharekhan that
charges 0.10 % (0.2% total on buying and selling)
10,00,000 * 12 months * 0.2% = Rs. 24,000
Trading Brokerage with Upstox that Charges Rs. 20 per Trade
20 trades per month * 12 months * 20 Rs. brokerage = Rs.
4,800 only. (Saving of upto 90% on brokerage)
Upstox Annual Charges
Details of upstox account opening
charges & annual charges
Upstox Demat and Trading account opening – Free
(limited time offer)
Upstox maintenance charge – Rs. 25 per
month
Upstox Brokerage Charges
Upstox offers 0% brokerage on stock delivery and a
flat Rs. 20 per trade.
Detailed Upstox Charges
|
Type |
Brokerage |
|
Equity Delivery |
Rs. 0 |
|
Equity Intraday |
Lower of Rs. 20 per executed order or 0.05% |
|
Equity Futures |
Lower of Rs. 20 per executed order or 0.05% |
|
Equity Options |
Rs. 20 per executed order |
|
Currency Futures & Options |
Futures – Lower of Rs. 20 per executed order or
0.05% |
|
Commodity F&O |
Futures – Lower of Rs. 20 per executed order or
0.05% |
Call & trade service is also available at Rs.
20 per order.
Upstox 3 in 1 Account Review
Upstox offers free 3-in-1account (demat, trading & saving account) in collaboration with Indusind bank. The savings account is a zero balance account and you will earn interest on the funds allocated from your saving a/c for trade.
You will also earn up to 6X rewards points per 200 rupees spent on all your debit card transactions. You can use the rewards towards brokerage charges.
Benefits of IndusStox (Upstox 3-in1 Account)
- No minimum balance required
- You will earn interest on funds allocated from your Savings a/c for trade
- Customizable account number (birthday or anniversary)
- Free demat & trading account opening
- Zero brokerage on delivery
- The fixed brokerage of ₹20 per intraday trade
Upstox 3-in-1 account charges
You wouldn’t need to pay any extra charges for Upstox 3-in-1 account. You can open free 3-in-1 account if you apply through my special link.
RKSV (Upstox) Demat & Trading Account Features
#1. Low Brokerage Charges
RKSV charges a flat Rs. 20 brokerage charges under the
“Basic” plan. The low brokerage is helpful to trade large volumes in a
cost-effective manner.
New traders who want to experiment with stock intraday
trading and are on a budget will benefit a lot from the flat
charges.
Whereas, intermediate traders with 6+ months of experience
who can handle higher leverages can go with the “Priority” plan.
You need to pay Rs. 30 under the plan which is higher but
still cheaper than the 0.50% brokerage charged by the full-service brokers like
Sharekhan, Motilal Oswal, ICICI Direct and HDFC Securities.
#2. Decent Trading Margins
Margins help you trade multiple times of the money available
with you. For example, if you have only Rs. 5000 in your trading account but
enjoy 10X leverage then you can open an intraday position worth Rs. 5000 X 10x
leverage = Rs. 50,000.
RKSV offers a 15x margin on intraday equity trading under
the “Basic” plan and slightly higher leverage of 20x under the “Priority”
plan.
The 15X margin is adequate for a new trader. In a sense, he
is protected from the risk of losses by entering trades with high (50X)
leverage.
#3. Low Account Opening and Annual Charges
Upstox giving limited time offer to open Free demat &
trading account. You would need to pay Rs 200 for account opening after the
offer ends.
You will be charged Rs. 25 per month as maintenance charges.
What I Like
- No
brokerage charges for delivery
- Great
trading platforms
- Fix
& low brokerage irrespective of trade volume
What I Didn’t Like
- You
cannot make the investment to IPO and FPO
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