RKSV Upstox Brokerage Review, Demat Charges, Margin, Trading

RKSV Upstox Brokerage Review, Demat Charges, Margin, Trading:- RKSV Securities which is also known as Upstox is the second-largest discount broker in India. Their broker charges are very cheap and affordable. RKSV has started in 2012 and was founded by Ravi Kumar, Shrini Viswanath, and Raghu Kumar. The first letter of name and surname of founders become their company name R.K.S.V. It has over 13,000 clients and accounts for 2% of the total daily turnover at the NSE.

The company offers Equity, F & O, Currency and Commodity (MCX) trading services at the NSE, BSE and the MCX. The system for which it has been built on is the Omnisys NEST OMS (Order Management System) thus making it easy for users to place orders through web browsers and mobile applications. The broker is backed up by the Kalaari Group, Mr Ratan Tata and GVK Davix and delights itself in being the first technological low-cost brokerage firm.

The company offers a fee trading account but trading in Equity F&O, Commodities, Equity Intra – Day and the currency derivatives will come at a fee of Rs. 20 per order traded regardless of the amount traded. It also has a trading academy that specializes in training and educating people about the financial markets and how they can benefit and makes profits from them.

The classes are online so that it can reach a lot of students whether local or international to teach them about the basics of the stock market to option trading strategies and also introducing algorithmic trading to more experienced traders in the markets.

Upstox’s trading platforms

The broker firm has 3 trading platforms for which users can access their services. They have web, mobile and desktop platforms.

The trading platform of RKSV is Upstox which is developed by the RKSV in-house team. It offers analysis, charting, trading and other features that are rich in content. The platform has been constructed by a team of professional engineers of Upstox at the head office of the company in the Sunshine Tower.

 

1. The Upstox Pro Web

Due to the increase in the number of people who have turned to online trading, the Upstox website has been turned to a tool that is more sophisticated and cutting edge to make it calculate and place trades at a fast pace in accordance with the movement of the live market. The browser is very lightweight meaning it can be accessed via any means whether using a laptop, desktop or another form of media without having to download any application.

2. Mobile platform Application

The app needs to be downloaded on the user’s phone and after which it will easily open a trading account and start placing the trades. The app also has a log in less feature. The app will allow the user to easily such for stocks, gain access to all the NSE cash, futures, currencies and options, providing cutting edge charting tools plus a host of many other features.

3. Desktop platform

Upstox offers the NEST tool using the Omnisys Nest feature that is downloaded on the desktop and thus it becomes the broker’s official trading terminal. It offers access to advanced trading charts, user portfolio, fund transfer, margin report, multi-monitor support, customizable shortcuts and interfaces.

Upstox Trading Plans

The broker offers two types of accounts when a user registers and will suite them.

  1. Upstox Basic: – This offers just the basic trading features of Equity Delivery using just both mobile and website.

     2. Upstox Priority Plan: – this account offers a number of different trading options but comes at a fee of Rs. 20. The account offers stock analysis, search, trade and monitoring stocks, commodities, currencies and F&O. It also provides advanced charting for technical analysis used by professional traders and having a wide range of chart types and indicators with a data-rich user interface.

Upstox Basic Plan Upstox Priority Plan
Brokerage
Equity Delivery Free Free
Equity F&O, Commodity and Currency ₹20 per trade or 0.01% (whichever is lower) ₹30 per trade or 0.05% (whichever is lower)
Margin – Intraday
NSE/BSE Cash 15x 20x
Index Futures 4x 5x
Stock Futures 4x 4x
Index Option Sell 4x 5x
Stock Option Sell 4x 4x
NSE Currency 4x 4x
MCX Future 2.5x 3x
Margin – CO/OCO Orders
NSE/BSE Cash 20x 25x
Index Futures 4x 7x
Stock Futures 4x 6x
NSE Option Buy 1.33x 2x
Index Option Sell 4x 5x
Stock Option Sell 4x 4x
NSE Currency 4x 5x
MCX Future 3x 4x

 

Upstox Trading Brokerages Charges 2019

  • Upstox Trading Account Opening Charges (One Time): ₹150 for Equity and F&O, ₹150 for Commodity
  • Upstox Trading Annual maintenance charges (AMC): ₹0
  • Upstox Demat Account Opening Charges (One Time): ₹0
  • Upstox Demat Account Annual Maintenance Charges (AMC): ₹150 per year (paid upfront)
  • Total Account Opening Fee: ₹531 (as ₹150 + ₹150 + ₹150 + ₹81 (18% GST)

1. Plan 1 – Upstox (Upstox Basic)

  • Equity Delivery Based Trades: ₹0 (no trade limit)

2. Plan 2 – Upstox Pro

  • Equity Delivery Based Trades: ₹0 (Free Unlimited Equity Delivery Trades)
  • Equity Intraday Trades: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Future: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Options: ₹20 per executed order (on Turnover)
  • Currency Futures: 0.01% or ₹20 per executed order (Whichever is lower)
  • Currency Options: ₹20 per executed order
  • Commodity Futures: 0.01% or ₹20 per executed order (Whichever is lower)

Upstox Brokerage Fee in Detail

Upstox Charges EQUITY Delivery EQUITY Intraday
Upstox Basic Brokerage ₹0 Not Applicable
Upstox Pro Brokerage ₹0 ₹20/Trade
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges ₹350/crore ₹350/crore
Goods and Services Tax (GST) 18% on Brokerage + Transaction Charge 18% on Brokerage + Transaction Charge
SEBI Charges ₹15/Crore ₹15/Crore
Stamp Duty

 

Upstox Charges Futures Options
Upstox Basic Brokerage Not Applicable Not Applicable
Upstox Pro Brokerage ₹20/Trade ₹20/trade
STT 0.017% on Sell Side 0.017% on Sell Side(on Premium)
Transaction / Turnover Charges ₹210/crore ₹5500/crore on premium turnover
Goods and Services Tax (GST) 18% on Brokerage + Transaction Charge 18% on Brokerage + Transaction Charge
SEBI Charges ₹15/Crore ₹15/Crore
Stamp Charges

 

Upstox Charges Currency Futures Currency Options
Upstox Basic Brokerage Not Applicable Not Applicable
Upstox Pro Brokerage ₹20/Trade ₹20/trade
STT No STT No STT
Transaction / Turnover Charges ₹155/crore ₹6000/crore on premium turnover
Goods and Services Tax (GST) 18% on Brokerage + Transaction Charge 18% on Brokerage + Transaction Charge
SEBI Charges ₹15/Crore ₹15/Crore
Stamp Charges

 

Upstox Charges Commodity Futures
Upstox Basic Brokerage Not Applicable
Upstox Pro Brokerage ₹20/Trade
CTT 0.01% only on the sell side
Transaction / Turnover Charges ₹260/crore (₹210 Transaction + ₹50 Clearing Charges)
Goods and Services Tax (GST) 18% on Brokerage + Transaction Charge
SEBI Charges ₹15
Stamp Charges ₹100/Crore

 

UpStox Charge Explained:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹15 per Crore.
  • Transaction or Turnover Charges: This is charged at ₹350/crore for Equity, ₹210/crore for Futures, ₹5500/crore on premium for options.

Other Charges (Upstox Broker Hidden Charges / Fees):

  1. Call & Trade: ₹20 per executed order
  2. Physical contract notes: ₹25 per contract note plus courier charges. (Digital contract notes are free.)
  3. Instant Money Transfer Fee: ₹7 per transfer

Upstox Demat Account Charges

Upstox offers demat account service (or DP or depository services). The Upstox fees for demat account transitions are as below:

Demat Transactions Demat Charges
Annual Maintenance charges (AMC) ₹150 per year (paid up-front every year)
Transaction charges (Market/Off Market / Inter-depository Transactions) ₹13 + ₹5.50 (CDSL charges) per scrip
Pledge Charges Creation / Closure and Confirmation of both 0.02% of the transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual
Pledge Charges for Invocation 0.05% of the transaction charges subject to a minimum of ₹50
Dematerialization Charges ₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.
Rematerialization Charges ₹25 per certificate or 0.05% of the value whichever is higher
SLB Charges For Securities Borrowings: ₹25 + NSDL/CDSL charges at actual
For Securities Lending: ₹25 + NSDL/CDSL charges at actual
Repurchase / Redemption Charges ₹25 per transaction + Depository charges at actual
Failed or Rejected Transactions ₹50 per transaction
Demat Rejection Charges ₹35 per rejection for every 500 grams
Adhoc /Non-periodic statement requests Adhoc statement requests – ₹25 (₹500 for foreign address) per request up to 10 pages. Every additional 5 pages or a portion thereof will be charged at ₹10 + courier/postage charges.
E-Mail Statement Free periodic bills, transaction statement and other communication through email.
Cheque Bounce charges Charges applied based on charges as determined by our bankers

Upstox Exposure Margin

Upstox Exposure Margin for intraday, delivery, options, currency and commodities. 

Segment Exposure Margin
Equity Delivery 2.5x
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Future Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Future Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Future Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
Commodity Options

Advantages and Disadvantages of RKSV Upstox

Advantages

The Equity delivery segment is brokerage trading free in that the customer does not have to pay any brokerage for trade delivery in equity segment.

The mobile trading app is compatible with both Android and iOS phones and there are no software user charges.

The After Market order, the Brokerage order and the Cover Order are available for both the web and mobile platforms.

The stop loss is available for both the web and mobile platforms.

The Upstox Pro comes with a number of indicators to monitor the markets live.

The Upstox Amibroker Bridge helps users code their own strategy and execute it using the AFL editor.

There is a developer console that lets users build their own coded trading apps using languages like python.

Disadvantages

The Good Till Cancelled and Good Till Date orders are not available in Equity segment but are available in the commodity trading.

There is no margin funding but there is a higher leverage option in the Upstox Pro account.

The brokerage fee is higher than other brokerage fees offered by different platforms.

The monthly trading plans are limited.

  • Every executed order for a call and trade charges an additional Rs. 20.
  • The firm does not provide stock and trade tips or recommendations.