Table of Contents:
Is Upstox the Right Choice for Novice Traders?
Does Upstox come free-of-cost?
Is there a monthly fee for Upstox?
What are the steps to placing bracket order in Upstox?
Go through Upstox FAQ and know all about Upstox broker, one of India’s largest broking firms. It has a substantial number of active clients. Upstoxhas earned a reputation for providing exceptional service and an excellent platform, instilling trust in its customers. Know the answers to some frequently asked questions about Upstox, open an account in Upstox and get more familiar with upstox charges list, upstox account and more.
Who owns Upstox?
Upstox, formerly known as RKSV Securities Pvt. Ltd, was established in 2009 by the Kumar brothers, Ravi Kumar and Raghu Kumar, along with their friend Shrini Viswanath. At the time of its inception, the concept of discount brokers was not widely popular in India. This low-cost discount broker has received funding from notable investors, including Kalaari Capital, Ratan Tata, and GVK Davix.
Is Upstox the Right Choice for Novice Traders?
Absolutely! If you are just starting out in the trading world, Upstox broker is an excellent option for you.
- Unbeatable Flat Fee: Upstox broker charges a mere Rs. 20 per order as brokerage across all segments. This means you can trade without worrying about hefty fees eating into your profits.
- Zero Brokerage Investments: Not only can you trade stocks, but Upstox broker also allows you to invest in direct mutual funds and digital gold without any brokerage charges. It is a fantastic opportunity to diversify your investment portfolio.
- Seamless Trading Platform: Upstox broker offers a single, user-friendly platform called Upstox Pro. This powerful tool, available on both web and mobile, caters to all your trading needs. Whether you are analyzing market trends or executing trades, Upstox Pro has got you covered.
- A Trusted Name: With over a decade of experience, Upstox has solidified its position as a trusted brand in the industry. You can rely on their expertise and stability to support your trading journey.
- Learning Made Easy: Upstox broker understands that beginners need guidance, which is why they provide a dedicated Learning Center. This resource hub equips you with the knowledge and skills necessary to excel in trading and investments.
Does Upstox come free-of-cost?
Upstox broker extends a complimentary account opening feature, ensuring no maintenance fees. Moreover, it generously enables free investments in direct mutual funds. However, when it comes to engaging in equity delivery, equity intraday, or futures & options trading, there is a brokerage charge of up to Rs. 20 per executed order. Additionally, customers are responsible for Upstox Demat debit charges, turnover charges, as well as government taxes.
Is there a monthly fee for Upstox?
Absolutely not! Upstox company presents you with a splendid opportunity to own a demat account at absolutely no cost, without any charges for opening the account. And that is not all! By simply maintaining your Upstox demat account, you can enjoy a lifetime of zero Demat Upstox Annual Maintenance Charges (Upstox AMC). With Upstox account, you can dive into the exciting world of equity, derivatives, commodity, and currency trading all with brokerage charges as low as Rs. 20 per order.
What are the Upstox charges?
Here are the details of the Upstox brokerage charges:
- Equity Options: Flat Rs 20 per executed order
- Equity Futures: Rs 20 or 2.5% (whichever is lower)
- Equity Intraday: Rs 20 or 2.5% (whichever is lower)
- Equity Delivery: Rs 20 or 2.5% (whichever is lower)
- Commodity Options: Flat Rs 20 per executed order.
- Commodity Futures: Rs 20 or 2.5% (whichever is lower)
- Currency Options: Flat Rs 20 per executed order
- Currency Futures: Rs 20 or 2.5% (whichever is lower)
Get a complete idea about Upstox Charges, Upstox Trading Charges, Upstox Annual Charges, Upstox Trading Platform, Upstox Account Opening, Upstox Account Types and more from our Upstox Review.
Is Upstox a Reliable Choice?
Absolutely! Upstox has established itself as a trusted platform, earning immense customer confidence since its inception. There are numerous compelling factors that make trading through Upstox broker a highly secure option.
- Firstly, Upstox is a registered discount broker and CDSL Depository participant recognized by SEBI, BSE, NSE, and MCX. This ensures that all your investments made through Upstox broker are securely stored in your CDSL Demat account, which serves as the depository in India. In the unfortunate event of any issues with Upstox, rest assured that your investments will remain safe and unaffected in the depository.
- Additionally, Upstox Company has an impressive track record, operating in the discount broking industry for the past 10 years. This extensive experience further instills trust and reliability in their services.
- Lastly, Upstox broker boasts a substantial and satisfied clientele base, which serves as a testament to the platform’s credibility and customer satisfaction.
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What are the steps to placing bracket order in Upstox?
Here are the steps to place an Upstox bracket order:
- Open your preferred web browser or launch the Upstox Pro mobile app.
- Enter your login credentials (username and password) to access your Upstox account.
- Once logged in, navigate to the Upstox Pro web or Upstox Pro mobile app‘s trading platform.
- Locate the watchlist section and search for the desired scrip that you want to trade.
- Add the selected scrip to your watchlist for easy access.
- Within the watchlist, find the scrip you wish to trade and click on it to view more details.
- Look for the “Buy” option or button associated with the selected scrip and click on it.
- Upon clicking the “Buy” option, an order window will appear on your screen.
- In the order window, locate the order complexity option and select “OCO” (One Cancel Others).
- Specify the order type (e.g., market order or limit order) depending on your trading strategy and preferences.
- Enter the quantity or number of shares you want to trade for the selected scrip.
- Set the desired price at which you want to execute the buy order.
- Define the target sell price at which you want to book your profits for the trade.
- Determine the stop-loss sell price, which acts as a safety net to limit potential losses.
- Carefully review all the order details, including order type, quantity, price, target sell, and stop-loss sell.
- Ensure that all the entered details are accurate and meet your trading requirements.
- Once you have confirmed the order details, click on the “Submit” or “Place Order” button.
- Wait for the order to be processed and confirmed by Upstox broker.
- After the order is successfully placed, monitor the trade and manage any necessary adjustments or actions as per your trading strategy.
Check out our informative article on Upstox Pro Review 2023 – Upstox Pro Web and Upstox Pro Mobile.
Conclusion
Upstox broker can be regarded as a safe option for trading in India. If you are ready to embark on your trading adventure, Upstox is the ideal platform for beginners like you. Join today and unleash your potential in the exciting world of online trading!
Go through our YouTube video on How to Add a Nominee in Upstox account.
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