Upstox Demat Account

Upstox offers a hassle-free and budget-friendly start to investing with free Demat and trading account openings, no commission on mutual funds and IPOs, additionally there are no annual maintenance fees for customers who joined after August 2021, and a minimal fee of ₹150+GST for users who joined before August 2021. Charging only ₹20 per trade across various markets, it provides an efficient trading platform to trade in Equity, F&O, currency and commodities.

Benefits of Upstox Demat Account

Upstox, a leading name in the Indian stock brokerage industry, offers a Demat account that is both feature-rich and user-friendly to store all your financial securities in an electronic format, making it an ideal choice for both novice and experienced investors.

Trading with Upstox offers a multitude of benefits, making it a standout choice among brokerage firms in India. Here's a closer look at the advantages:

• Cost Savings: As a low-cost brokerage, Upstox allows significant savings for traders and acts as a gateway to participate in stock trading actively. Unlike traditional brokers who charge a percentage of the turnover, Upstox offers trading at a flat fee of ₹20, meaning you don't pay brokerage fees on your trades, leading to substantial cost reductions on transaction charges.
• Convenience and ease of use: Upstox enhances trading convenience with its intuitive mobile app and web platforms, including a sophisticated TradingView integration for in-depth market analysis. The platform supports biometric and QR code logins for easy access while allowing users to manage multiple Demat and trading accounts for a tailored trading experience.
• Technological Innovation: Upstox prides itself on being a tech-first brokerage, constantly innovating to offer tools like the brokerage calculator, SPAN calculator, and options builder tool. These resources empower traders to make informed and strategic trading decisions.
• Access to advanced trading platforms and tools: Upstox's Pro Web platform offers sophisticated trading features, including over 100 technical indicators and charting tools for in-depth market analysis and swift trading. It enables traders to execute strategies confidently, providing a comprehensive suite of tools for analyzing trends and capitalizing on market opportunities, enhancing the overall trading experience.
• Exceptional Customer Service: Upstox boasts one of the best customer service teams in the country, ensuring minimal wait times and efficient query resolution. This commitment to quality service ensures that traders have a reliable support system. Upstox's commitment to customer satisfaction makes it a preferred choice for traders looking for a comprehensive and user-friendly trading platform.

Upstox Demat Account charges

Are you looking to open an Upstox Demat and trading account? Before you do, it's essential to understand the various account charges associated with the platform.

Upstox charges include zero account opening fees, zero annual maintenance charges for customers who joined after August 2021, brokerage fees of only ₹20 per trade, along with minimal courier charges and other transaction charges. Let's know about these charges further in detail:

Upstox Equity Delivery & Intraday Charges

Upstox provides an affordable trading platform for Equity Delivery and Intraday trades, with brokerage fees as low as ₹20 or 2.5% for Eq Delivery and ₹20 or 0.05% for Intraday, catering to cost-conscious traders. Government-imposed charges like STT/CTT, GST at 18%, and nominal stamp duty, along with modest exchange fees and a low Demat charge of ₹18.5 per trade for Delivery sales, ensure trading remains cost-effective. SEBI's uniform charge of ₹ 10/crore across trades adds to the platform's appeal by keeping compliance costs minimal.

Upstox Equity F&O Charges 

Upstox stands out for Equity F&O trades with its budget-friendly brokerage rates of ₹20 or 0.05%, catering to both high-volume trading and cost efficiency. The platform ensures more profits stay with traders by setting STT/CTT at just 0.01% for Futures and 0.05% for Options. GST at 18% on brokerage and transaction charges, reasonable stamp duty, and minimal exchange fees (0.002% for Futures and 0.053% for Options) further enhance the cost-effectiveness of trading equity futures and options on Upstox. With no Demat charges for F&O and low SEBI fees at ₹10/crore, Upstox provides a transparent and economical trading experience, making it a top choice for Equity F&O market participants.

Upstox Currency Charges 

Upstox makes trading in the Currency Futures and Options markets highly accessible and cost-effective, with attractive brokerage fees of ₹20 per order or 0.05% for Futures and a flat rate of ₹20 for Options. There are no STT/CTT fees, with GST set at 18% on brokerage and transaction charges and stamp duty at a meagre rate of 0.0001% or Rs 10 per crore; Upstox ensures costs remain transparent and manageable. Exchange fees are competitively priced, with NSE and BSE offering varied rates to cater to all trading preferences. Additionally, the nominal SEBI charge of ₹10/crore across both Futures and Options reaffirms Upstox's dedication to affordability. 

Upstox Commodity Charges 

Upstox offers an affordable and transparent fee structure for Commodity Futures and Options trading, charging just ₹20 per executed order or 0.05% for Futures and a flat ₹20 for Options. With low statutory charges, including STT/CTT at 0.01% for Futures and 0.05% for Options, plus a uniform 18% GST on all transactions, Upstox ensures cost-effective trading. Stamp duty and exchange fees are also minimized, with rates set to enhance savings for traders. This approach, combined with SEBI charges of ₹10 per crore, makes Upstox a cost-efficient choice for commodity market participants.

Opening an Upstox Free Demat Account 

Opening a Demat account with Upstox is straightforward and accessible; there is no need to apply in paper form; the paperless online application can be completed in a few simple steps:

Online Paperless Application of Upstox:

1. Visit the Upstox online demat account opening page and keep your documents handy to ensure a simple process.

2. Enter your basic personal details like identity proof, proof of address, income proof, bank account details, and signatures.

3. Upload scanned copies of required documents (Aadhaar card, PAN, Cancelled Cheque, salary slip, bank statement and bank details).

4. Complete the Aadhaar-based KYC using OTP verification.

5. Your account should be set up shortly after verification.

10 Reasons for Opening a Free Demat Account with Upstox

1.       Zero account opening fee for opening a Demat and trading account with Upstox.

2.       Competitive brokerage charges of just Rs 20 per trade, applicable across all trading segments, including delivery, intraday, and F&O, ensuring affordability.

3.       Zero charges for software use, making Upstox an economical choice for traders seeking advanced trading tools without additional costs.

4.       Advanced order types such as Market Order (AMO), Cover Order (CO), Stop Loss (SL), and Good Till Triggered (GTT) are readily available, enhancing trading flexibility and strategy implementation.

5.       Margin Trading Facility (MTF) is offered, allowing traders to leverage positions for a daily interest rate of Rs 20 on slabs of Rs 40,000, thereby enhancing buying power.

6.       Margin Against Shares option to trade is provided, giving traders the ability to use their stock holdings as collateral for further trading activities.

7.       Upstox Pro Web Trading Platform comes equipped with multiple indicators, enabling users to effectively monitor and analyze markets on the go for informed decision-making.

8.       Upstox Bridge for AmiBroker integrates seamlessly, allowing traders to code and execute strategies directly through the AmiBroker AFL editor, catering to algorithmic traders.

9.       The Upstox Developer Console is a powerful tool that enables users to create trading apps using programming languages like Python, opening up endless customization possibilities.

10.   The Upstox Option Chain Tool, featuring volatility measurement, open interest, performance indicators, and Greek calculations, is indispensable for traders focusing on options. It offers comprehensive insights into Spot, Future prices, and a vertical comparison of rates, along with crucial details such as circuit levels, OHLC, and market depth, aiding in detailed market analysis.

Conclusion

Upstox is the ideal choice for both new and seasoned investors aiming for cost-effective stock market trading. It ensures an affordable trading journey with its free-of-cost 2-in-1 account opening, no commission on mutual funds and IPOs, and minimal transaction fees and brokerage fees, charging only ₹20 per order across various segments like equity, futures & options, commodities, and currencies. Leveraging advanced technology, Upstox delivers a secure, efficient, and easy-to-navigate powerful trading platform tailored to meet diverse trading requirements.

FAQs

Is the Upstox account opening free?

Opening an account with a stock broker like Upstox is free of cost. 

What is the minimum balance requirement in Upstox?

Upstox doesn't require any minimum balance in the trading account.

What are the brokerage fees of Upstox?

Upstox offers trading and mutual fund services; it operates on a fixed brokerage model, charging Rs 20 per executed order across all trading platforms. 

What are the Upstox Demat AMC?

Upstox, an online discount broker, offers a Demat account with zero account maintenance charges.

Can NRIs open a Demat account with Upstox?

Yes, NRIs can open a Demat account with Upstox by having either a PIS NRO or PIS NRE account.

How can I find my Demat Account Number with Upstox?

To find your Demat Account Number in Upstox, log in to the app and navigate to 'Account'> 'My Account'> 'Profile'> 'My trading plan'. Your 16-digit account number and plan details will be displayed.

What are the different types of Demat accounts offered by Upstox?

Upstox offers Regular Demat accounts for individual investors, Repatriable and Non-Repatriable Demat accounts for NRIs, catering to their specific needs for investing in the Indian stock market.

What are SEBI turnover fees for the Upstox demat account?

SEBI imposes a turnover fee of ₹10 per crore for all segments, including Equity Delivery, Intraday, Futures, and Options, contributing to regulatory oversight costs.

Is Upstox associated with CDSL or NSDL?

Upstox is a Depository Participant of CDSL, holding a DP ID of 81800, facilitating the electronic holding of securities in Demat accounts.

How can I close my Upstox Demat account?

You can close an Upstox Demat account by submitting an account closure request through the mobile app or web portal.