Is Upstox Free?

Upstox is the discount broker with so many trading benefits and of course lowest brokerage charges but is Upstox free? Is this the question that pops in your head sometimes? Then this article will definitely solve all your queries.

Getting the free goodies when you purchase is always great, isn’t it? Similarly opening an account with the broker offering relaxation in many of its services adds to your trading profit. 

Since we are talking about Upstox here, it is essential to know that Upstox is a discount broker and has a comparatively lower brokerage charge. Therefore, it gives you the experience of suitable trading but not at a very hefty price. 

Let us now focus on is Upstox free and try to get the answers. 

Is Upstox Free For Lifetime?

When it comes to open an account with the broker, then everyone looks for the one offering free services in terms of account opening, AMC, brokerage charges, etc.

Discount brokers came into the market to fulfill most of such needs and so does the Upstox.

But are the services of Upstox free for a lifetime?

Well for that let’s dive into the following segments and check where you can reap the benefit of free trading with the broker and where the broker imposes fees for its products and services.

Upstox Free Demat Account

The answer to this question is yes. When you want to open a Demat account with Upstox, you get a Upstox free demat account. So, you get the benefits of Upstox and its excellent services at absolutely no cost. 

However, there is a monthly account maintenance charge that the clients of Upstox have to pay after the account opening. These are the AMC charges, and the Upstox AMC charges are ₹25/month. 

So if you looking for how to open a Upstox free Demat account, then you can do it in the following steps. So, you have to pay ₹25/month and you will be good to go.

• Open the Upstox website. 
• Enter your phone number and your e-mail ID and click on submit. 
• Submit the basic details and click on submit. 
• You will now be required to enter the basic details and upload the documents like PAN card, Aadhar card, and income proof in case of activating the derivatives segment. 
• Now you will be redirected to the NSDL website for e-sign. Once you enter the Aadhar number and verify the OTP, your process will be completed. 

It will take around 1-2 days to activate your account and then you will be eligible for trading. 

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Is Upstox Brokerage Free? 

What bothers the most to the traders?

Of course the brokerage?

So here comes the question, does Upstox charges fees for trading?

For this let’s move into the segment of Upstox brokerage charges.

Upstox Brokerage

Being a discount broker it charges a minimal brokerage fee to trade across segments. Of course, it is not free but yes you can reap the benefit of free trade of up to ₹1000 brokerage in the first month of trading with Upstox. 

Isn’t it amazing?

From the second month onwards the general Upstox charges of ₹20 (or percentage-based in some segments) will be levied per trade. 

The detail of charges is given in the table below:

But if you are investing in IPOs or mutual funds, you will not be charged any brokerage. Apart from the brokerage charges, you also have to pay other charges like the STT charges, transaction charges, stamp duty charges, etc. To calculate all these taxes along with brokerage, use Upstox brokerage calculator.

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Is Delivery Free in Upstox? 

There are a lot of traders who are only dedicated in long-term investments and therefore do delivery trading. So, this is why they look for brokerage charges that will not cost them much. When it comes to the delivery trade, Upstox equity delivery charges are equal to 2.5% of the turnover value or ₹20 whichever is lower. 

So if you are looking for a broker with free delivery trades, then Upstox does not fulfill that criterion. 

 

Just like in any other segment, in this also you have to pay other charges as well. These charges include STT charges, transaction charges, stamp duty, SEBI charges, etc. 

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Is Upstox Pro Free? 

The trading platforms play an essential part of the trading journey as it aids the smooth experience. Upstox pro is for professional traders with better technical analysis and a more comprehensive range of charts and technical indicators.

It also lets the traders execute their trades at a better speed. But, the question is, is Upstox pro-free? You might be wondering that all these fantastic features must cost something but to your surprise Upstox Pro is free. 

The Upstox Pro web and the mobile app are absolutely free for traders. All you need is a Demat and a trading account with Upstox. 

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Upstox is Free or Not? 

So, the last question remains, Upstox is free or not? There are certain things and features that you get for free, but on the other hand, a lot of things have certain costs. The things that you get for free with Upstox are: 

• There are no account opening fees, so you can easily open your account and trade efficiently. 
• You can also invest in mutual funds and IPOs at absolutely no brokerage. 
• Upstox Pro web and Upstox pro mobile app are absolutely free for traders. So, you can enjoy the advanced features at absolutely no extra cost. 

Apart from this, the brokerage is not free in Upstox, and you also have to bear the monthly maintenance charges. The AMC charges are 25/month. 

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Conclusion 

Is Upstox free? The answer to this question will be that it somewhat is. Although it charges AMC and brokerage across all the segments, the account opening is free. If you want to start your trading career, then open your Demat account today!

But before planning your investment it is important to check different parameters about the reliability, safety, and is Upstox Sebi registered or not?

This give you the assurance of security and helps you to do safe trade.

Now you can open the account without any hassle. Get in touch with us and start trading right away with the free Demat account opening online!

 

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