What is Upstox?
Upstox is an Indian online brokerage firm that offers trading services for a variety of financial instruments, including stocks, commodities, and derivatives.
When did it start operations?
Upstox was founded in 2012.
Where is its headquarters?
The company is headquartered in Mumbai, India.
In which countries is it banned?
Upstox primarily operates in India and does not offer services in countries with strict financial regulations, such as the United States.
Pros and Cons
Advantages:
- Low brokerage fees with competitive pricing models.
- User-friendly trading platform suitable for beginners.
- Good research tools and educational resources.
- Access to a wide range of investment products.
Disadvantages:
- Limited customer support options during peak hours.
- Not suitable for high-frequency traders due to some platform limitations.
- Some users report issues with the mobile app’s functionality.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Stocks
- Commodities
- Futures and options
- Mutual funds
Fees
What are the trading fees?
Upstox charges a flat fee of ₹20 per trade for futures and options, while equity investments typically have no brokerage fees.
Scalping
Does it allow scalping?
Yes, Upstox allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, Upstox offers its own trading platform called Upstox Pro, available on both mobile and desktop.
Margin Trading
Is there leveraged or margin trading?
Yes, Upstox provides margin trading options, allowing traders to utilize leverage for their trades. Specific leverage ratios vary based on the asset class and regulatory requirements.
