Announcements

We hope you’re enjoying trading on Upstox and are making the most of available margins and Cover Orders.

While we’ve loved offering these to you, we noticed that sometimes you do not exit, square off or convert intraday positions to delivery by the end of the trading day. So, in your best interests, we need to square them off on your behalf within a short time frame at live market prices prevailing at that time, which may or may not match your desired price.

While we’re happy to do this for you for a small fee of ₹50 (plus 18% GST) per order, we encourage you to take trades in your hands and square-off your own trades at the time and prices you deem fit. This would help us maintain a systematic order flow, preventing lakhs of orders from being triggered consecutively and would also help you save on square-off charges!

What does this mean?
When you have open intraday positions in any segment, you’re expected to exit them by the end of the trading day or convert them to delivery. If you do not, then we square them off on your behalf and deduct charges for the same.  To know more about square-off watch this video: https://www.youtube.com/watch?v=iUNDhq2Rp0M

Earlier our square-off, margin square-off and call and trade charges for Intraday Equity, F&O, Commodity and Currency segments were ₹20 (plus 18% GST) per order. However, from 7th July 2021, these charges would be increased to ₹50 (plus 18% GST) per order.

What can you do to avoid these charges?
To avoid these charges, you can square off the intraday positions yourself anytime before 3:00 PM for Equity and F&O; before 4:30 PM for Currency Derivatives and 10:00 PM for the Commodities segment. These timings are subject to change and we will notify you with the relevant changes.