upstox

Upstox is an unregulated Indian brokerage firm founded in 2011. It offers a wide range of tradable instruments, including stocks, Indian indices, mutual funds, IPOs, futures & options, currencies, and commodities. The firm provides a demat account and trading account for its clients. Moreover, Upstox offers zero commission on mutual funds and a clear fee structure that includes flat fees for various types of orders.

Pros and Cons

Is upstox Legit?

At present, upstox lacks valid regulation. Its domain was registered on July 31, 2014, and the current status is “client delete prohibited, client renew prohibited, client transfer prohibited, client update prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on upstox?

On upstox, you can trade with Stocks, Indian Indices, Mutual Funds, IPO, Futures & Options, Currencies, and Commodities.

Account Type

Upstox provides a demat account and trading account for traders, but the account details are not revealed.

Fees

As a discount broker, Upstox offers low trading fees across its asset classes. The pricing model features include the following charges:

• Zero commission in mutual funds
• Zero brokerage plan on mutual funds and IPOs
• Flat INR 20 fee or 0.1% (whichever is lower) on Equity Delivery orders
• Flat INR 20 fee or 0.05% (whichever is lower) on Equity Intraday, Futures and Options, Currency and Commodity. The flat INR 20 fees remain, regardless of the size of your order.

Upstox has a comprehensive charge list of brokerage rates on its website, with no hidden charges. This includes SEBI charges, Demat transaction charges, joining fees, holding charges and stamp charges.

Trading Platform