Before the advent of smartphones, people interested in trading got in touch with their brokers and finalized the desired trade. These brokers not only traded on behalf of the customer but also supervised other activities for clients like wealth management.
The technology boom also revolutionized stockbroking, introducing mobile-based stockbroking, whose overall operating costs were comparatively lesser than the traditional brokers. This modification was termed as discount broking which has much lower broker charges. One such popular discount broker is Upstox. Google is flooded with queries of Upstox review, but today we’ve penned down points as to why Upstox is the best fit for all your trading needs.
Upstox was established in 2011 under the aegis of ‘RKSV Securities’ in Mumbai. It got backing from some reputed names of the country including Kalaari Capital and Ratan Tata. The sole reason behind upstox popularity is the free and hassle-free account opening process. Upstox lets customers trade-in equity (both delivery and intraday), derivatives(futures and options), and also currencies. From smooth Upstox account opening to easy withdrawal process, Upstox has been ideally designed keeping in mind the needs of a low capital traders.
The Economical Way to Trade with Multiple Platforms
Upstox lets customers trade over three different platforms, the web-based Upstox Pro Web platform, Upstox Pro app for smartphone users, and a desktop-based software called Upstox Pro NEST Trader.
Upstox Pro Web is a unique platform that provides advanced features like technical indicators, charts, algo trading, and other useful APIs. Upstox Pro Web has a unique feature where you can drag and drop the desired scripts on your watchlist.
Upstox Pro NEST Trader is the firm’s desktop-based software that is specially designed for enterprises. The software is compatible with PCs providing allied support to low latency and stability. The software also enables multi-monitor systems, also allowing interface customization as per the user’s needs.
Upstox Pro App is the mobile-based trading application of the company which helps the retail investors with the necessary services. The app is capable of providing an interface for all kinds of buy and sell transactions. The app has other unique features like monitoring of scripts and indices and also hosts other technical indicators. The app can be used by both Android and iOS users.
Enjoy larger profits by lesser brokerage to Upstox
The best feature of the discount brokers is the lesser brokerage levied by them. Upstox is the best among all the discount brokers charging a flat ₹20 brokerage per trade. This feature is unique because the charge levied is irrespective of the size and segment of the trade. Upstox brokerage levied on customers is the lower of ₹20 or 0.05% of the trade. This is best for the traders who believe that they’re losing much of their amount paying brokerage. Also, the equity delivery trading service requires no brokerage!
|
Type of service |
Brokerage Charges Levied |
|
Equity Delivery charge |
₹0 |
|
Equity Intraday charge |
Whichever is lower of ₹20 per executed order or
0.05% of the size |
|
Equity Futures charge |
Whichever is lower of ₹20 per executed order or
0.05% of the size |
|
Equity Options charge |
₹20 per executed order |
|
Currency Futures charge |
Whichever is lower of ₹20 per executed order or
0.05% of the size |
|
Currency Options charge |
₹20 per executed order |
|
Commodity Futures charge |
Whichever is lower of ₹20 per executed order or
0.05% of the size |
|
Commodity Options charge |
₹20 per executed order |
