If you are planning to start trading & investment in stock market...
.. then Uptosx is best to save a big money on brokerage. Upstox charge fix brokerage of only Rs. 20 per trade irrespective of the trading volume.
+ zero brokerage on stock delivery
I have done a detailed review for Upstox
Read here - https://www.cashoverflow.in/upstox-review/
Let's assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side)
Comparison of Upstox trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling) 10,00,000 * 12 months * 0.55% = Rs. 66,000
Comparison of Upstox trading brokerage with Sharekhan that charges 0.10 % (0.2% total on buying and selling)
10,00,000 * 12 months * 0.2% = Rs. 24,000
Trading Brokerage with Upstox that Charges Rs. 20 per Trade 20 trades per month * 12 months * 20 Rs. brokerage = Rs. 4,800 only. (Saving of upto 90% on brokerage)
Upstox even waived off account opening fees for CashOverflow readers
Here is the special link to open Upstox account
You would see account opening fees as ZERO when you reach to payment page. (total saving of Rs. 500 - see below image)
All the account opening process is online.. and your account would be active within 24 hours.
If you have started the account opening process in the past.. just complete by resuming from the same place.
Enter your mobile number and get OTP to resume your application.
Let me know if you face any issue in opening the account.
Pardeep Goyal
PS:
Disclaimer - I would receive referal incentive when you open an account with Upstox, but that would not charge anything extra to you. Infact I was able to negotiate the fees waiver for my refered members.
You can also earn extra money by refering people to upstox once you account is active.
Don't miss the chance!
