Yes, the brokerage structure changes when you upgrade to Upstox Plus. The flat fee per order increases from ₹20 to ₹30, but the percentage-based caps remain identical across both plans.

Brokerage Comparison- Basic vs Plus

Order Type	Basic Plan	Upstox Plus	Difference
Equity Delivery	₹20 or 2.5%	₹30 or 2.5%	+₹10 flat fee
Equity Intraday	₹20 or 0.1%	₹30 or 0.1%	+₹10 flat fee
Equity Futures	₹20 or 0.05%	₹30 or 0.05%	+₹10 flat fee
Equity Options	₹20 flat	₹30 flat	+₹10 flat
Commodities	₹20 or 0.05%	₹30 or 0.05%	+₹10 flat fee
Currency	₹20 or 0.05%	₹30 or 0.05%	+₹10 flat fee
MTF Orders	₹20 or 2.5%	₹30 or 2.5%	+₹10 flat fee

Understanding ‘Whichever is Lower’

For a ₹1,00,000 Intraday Trade,

Basic Plan

• Flat fee - ₹20
• Percentage - ₹1,00,000 × 0.1% = ₹100
• You pay - ₹20 (lower amount)

Upstox Plus

• Flat fee - ₹30
• Percentage - ₹1,00,000 × 0.1% = ₹100
• You pay - ₹30 (lower amount)

Actual Difference - ₹10 per trade

Important - Trading charges note

Plus has a ₹10 higher flat fee per trade (₹30 vs ₹20), but percentage-based caps remain same (2.5% for delivery, 0.05% for F&O). The value comes from zero transfer fees and premium features worth ₹2,500+/month.