How Much Does Upstox Charge When a Stock Is Bought?
Upstox, a popular discount brokerage in India, charges a flat brokerage fee for stock trading. The fee structure can vary based on the type of trade, with some features costing nothing, while others come with specific fees. Understanding the charges can help investors make more informed decisions about their trading strategies.
Equity Delivery Trades
For equity delivery trades, which involve buying stocks and holding them for longer periods, Upstox charges a flat brokerage fee of Rs. 20 per order. This is straightforward and fixed, and there are no hidden fees. Additionally, for buying and selling stocks later, the brokerage fee remains at Rs. 20 per order, no matter the value of the trade.
Intraday Trades
When it comes to intraday trades, Upstox follows a different fee structure. Intraday trading involves buying and selling stocks in the same trading day to profit from short-term price fluctuations. For intraday trades, Upstox charges Rs. 20 per order or a 0.05% charge on the trade value, whichever is lower. This makes upstox an affordable option for day traders, as the fee is based on the smaller of the two factors.
Other Charges and Fees
While the core brokerage fees are fixed, there can be additional charges that impact the overall cost of trading. These include:
Securities Transaction Tax (STT): Applicable on the sale of stocks, this tax varies based on the transaction type and the holding period of the stocks. Goods and Services Tax (GST): This is levied on the brokerage fee charged by Upstox. Exchange Transaction Charges: These are charges levied by the stock exchanges and can vary based on the transaction size and the specific exchange involved. Depository Charges: These are incurred when holding stocks in your depository account (demat account).To get the most accurate and up-to-date information on these charges, it is always advisable to visit Upstox's official website or contact their customer service directly.
Conclusion
In conclusion, Upstox offers a transparent and affordable trading platform with clear fee structures for both equity delivery and intraday trades. Whether you're a long-term investor or a day trader, understanding the charges can help you make better-informed decisions about your trading strategies.
For the most accurate and up-to-date information, always refer to Upstox's official website or contact their customer service for detailed information.