Upstox
Upstox is India’s leading low-cost high-tech brokerage company, offering opportunities at unbeatable prices. The company provides transactions in various fields such as stocks, commodities, currencies, futures and options, and can be traded on its trading platforms Upstox Pro Web and Upstox Pro Mobile.
Upstox is supported by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.
Upstox trading platform provides a wide range of trading functions, analysis, charts, etc. The platform makes it easy to place orders via mobile phones and web browsers. The Upstox trading platform is based on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
Upstox provides a completely free trading account and free trading in the stock delivery section. Trading in Equity F&O, Equity Indra-day and Currency derivatives are available through Upstox Pro. UpStox Pro is a paid UpStox service for resellers.
Upstox trading software (Upstox trading platform) Upstox provides mobile and website trading. The Upstox trading platform was developed by RKSV, making it easy to order via mobile phones and web browsers in Upstox.
Upstox Advantages
The following are the advantages of Upstox. Before you open a Upstox account, you should be familiar with the advantages and disadvantages of Upstox. The advantages and disadvantages of Upstox will help you determine whether it is suitable for your investment needs.
- A shared segment of the delivery
- The mobile trading application is available for Android and iOS phones. No software charges commissions.
- After-market orders (AMO) and protection orders are available online and mobile.
- Trailing stop/stop-loss (SL) can be used online and on mobile.
- The web-based trading platform Upstox Pro provides a variety of indicators to monitor the moving market.
- AmiBroker’s Upstox Bridge can help you program and implement your trading strategy. The Developer Console can help you create (code) your trading applications ToDematat using coding languages like python
- Upstox Option Chain Tool and other languages to help traders discover vertical comparisons of spot prices, futures, and valuations, and obtain detailed information such as contour levels, opening highs, and market depth. It enables clients to measure volatility, open interest, performance indicators and Greek checks.
- The Upstox MF platform provides thousands of mutual funds for investment. Customers can choose one-time or SIP investment mode.
- Available equity margin.
- You can use the online initial public offering (UPI) application.
Disadvantages of Upstox
The disadvantages of Upstox are listed below:
- Good Till Cancelled (GTC) & Good Till date/time (GTD) orders are not available in the Equity segment. GTC / GTD orders can be used when trading commodities.
- There is no margin financing available for delivery transactions.
- Upstox does not provide unlimited monthly trading plans.
- Each executed order is charged an additional 20 rupees for call and transaction fees (brokerage fee of 20 rupees + call and transaction fees of 20 rupees).
- For MIS / BO / CO Intraday square orders, unless squared, an additional 20 rupees will be charged for each executed order.
- Free trading only applies to the stock delivery part (in Upstox’s basic plan). For all other sectors, including Equity F&O for stocks, Commodity F&O for commodities, and currency derivatives, the brokerage fee is 20 rupees or less per trade Upstox’s demat debit transaction fee (21.83 rupees) is higher than other discount brokers, which charge 15.93 rupees for Demat debit transactions.
- does not provide any suggestions or suggestions for action.
- Since the company does not provide banking services, three-in-one accounts cannot be used.
- 24/7 customer support is not available.
- Upstox NRI Trading and Demat accounts are no longer available (as of January 2018)
- Upstox does not provide API access for automated trading.