When you place a US Stocks order on Upstox, a small set of charges applies on top of your trade value. Here's a simple breakdown of what you pay and how it's calculated.

Types of charges:

Brokerage: This is the fee Upstox charges for executing your order. It is 0.1% of the order value or $1, whichever is higher. The minimum brokerage is rounded off to two decimals, so very small orders still carry a nominal fee.

GST: Goods & Services Tax is levied by the government on the brokerage. You are charged 18% IGST on your brokerage amount.

Other charges: These are statutory and regulatory pass-through fees. The main ones are US regulatory fees (charged by the SEC and FINRA), which apply only on sell orders and are deducted from your sale proceeds. Any applicable exchange or third-party fees also appear here. The exact amount is always shown on your order summary before you confirm.

Note: For trades involving low-priced stocks (typically under $1) or securities listed on OTC (Over-the-counter) markets, Alpaca may levy an additional fee. Securities orders are placed via Alpaca and are covered under SIPC insurance.

Example 1 — Buying a US stock:

Say you buy $1,000 worth of a US stock:

Component	Calculation	Amount
Trade value	—	$1,000.00
Brokerage	0.1% of $1,000 or $1 whichever is higher	$1.00
GST	18% of $1.00 brokerage	$0.18
IFSCA Turnover Fees	0.005% of trade value	$ 0.05
CAT Fees	$0.000002/share	~ $ 0.00
Other charges	As applicable (no SEC/FINRA fees on buy)	~ $0.00
Total estimated charges		≈ $1.23

On a buy order, you mainly pay brokerage + GST, since the US regulatory fees don't apply on the buy side.

Example 2 — Selling a US stock:

Now say you sell $1,000 worth of the same stock:

Component	Calculation	Amount
Trade value	—	$1,000.00
Brokerage	0.1% of $1,000 or $1 whichever is higher	$1.00
GST	18% of $1.00 brokerage	$0.18
IFSCA Turnover Fees	0.005% of trade value	$ 0.05
Other charges	CAT Fees + SEC + FINRA regulatory fees (sell orders only)	As applicable
Total estimated charges		≈ $1.23 + regulatory fees

The key difference on a sell order is the Other charges line — this is where the US regulatory (SEC and FINRA) fees are added and deducted from your proceeds.

• All charges are shown on the order summary before you tap Submit order, so you always see the estimated total upfront.