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July Updates

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Wow! It's been two months since our last update blog, and it seems like we're living in a whole new world now that the elections are over! But Upstox never sleeps, and we are here to launch an incredible promotional offer to all new customers...

RKSV Exclusive Offer for New Customers: 30 Days of Free Trading

We know that making the decision to join a new broker is never easy. Although we already have some of the best pricing plans in India, we thought we could do something nice for new customers looking to join the RKSV family. That is why we are launching 30 days of free trading! If you become a new RKSV customer by July 31st, you will enjoy 30 days of brokerage free trading (Note: this only applies for the Dream Plan).

If you're an existing customer of ours, take advantage of this promotion by introducing your friends! Remember, by becoming a partner, you earn 10% of all referral brokerage fees paid by your friends for life.

TPIN is Up and Running

After some initial testing, we have successfully launched our Telephonic PIN system for placing Call and Trades. Our TPIN system is easy to use: simply type in your unique TPIN code before each Call and Trade. This authenticates you in a secure and safe fashion. It also gets you to our dealers quicker so you spend less time authenticating yourself. If you have any questions about TPIN and how to use it, feel free to contact us.

It's a Bull Market!

Speaking of running, the markets have been on an incredible surge since the election results were announced in mid May. The BSE Sensex has gone up 13.5% since May 1st! During the same span, the BSE Midcap Index has gone up 29% and the BSE Smallcap Index has gone up a staggering 38%!

Look to take advantage of these opportunities. These types of bull rallies do not come along very often. Be smart and look to diversify your portfolio with large, midcap, and even some smallcap stocks.


Ready-made Option Strategies

The safer way to trade in options


BSE Currency Derivatives

Due to user demand, we will be rolling out Currency Derivatives on the BSE in the very near future. With low exchange transaction costs, we will club this into our Currency Derivatives Pro Plan for free. That means that if you're on our Currency Pro Plan, you can trading on both the NSE and BSE Currency Derivatives exchanges for same, flat monthly fee.

Ultimate Plan Customers: Stay Tuned

We've got some exciting news for you soon...:-)


Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 200+ stocks


23 responses to “July Updates

  1. HI
    has any extra charges for penny socks like other broker charged if stock price is 0.35 ,0.10,0.15 or 0.80 etc your charges may be like 2,3 or 5paise per stock

    1. Hi Subhash!

      Our policy is to not allow on penny stocks. However, if there is a stock whose price is very low and it does not come get classified as a penny stock, then we would treat it like any other stock. Therefore, we would charge the minimum of Rs. 20 or 1 paisa brokerage for intraday stocks and futures, and the minimum of Rs. 20 of 10 paise brokerage for delivery trades.


      1. do u allow all stock trades under BSE smallcap??? if no then what is the limit??? kindly specify..

        1. Hi nu2stock!

          Looks like you are not too new to stock trading if you are trading small caps already 🙂

          Our policy when it comes to which stocks to allow is not based on prices or whether a stock is a small cap, mid-cap, etc. It’s based on the category of the stock.

          Each stock has a category. We do not allow trading on stocks that belong to categories of “BE”, “S”, “T”, and “Z” categories.

          I hope that answered your question. So in a nutshell- you should be able to trade some small-cap stocks as long as they don’t fall in those categories!


          1. Dear Harish,

            As of now, it won’t be possible for you trade in these other categories. That being said, it’s generally unwise to trade in stocks that are not liquid. Any strong company with sound fundamentals will have good liquidity to go with it, in which case it would not be placed in those categories mentioned.


      2. Hi Raghu Kumar

        its means according to your policy you charge less than or equal to 20rs and maximum is 20rs + taxes doesn’t matter what is the stock price

        0.35,0.10,0.50,5,10,100,1000 etc. am i right Raghu Kumar ?

        can you please explain about 1paise brokerage. 1 paise/ share?

        1. Hi Subhash!

          That is exactly correct. We charge a maximum of Rs. 20 per order traded (plus service tax and mandatory taxes).

          1 paisa brokerage is a pretty common term. In essence, 1 paise brokerage means 0.01% on the turnover of the trade. So suppose I purchase 100 shares of a stock trading at Rs. 150; the turnover is 150,000. 1 paisa brokerage applied to this comes to Rs. 15. Therefore, you would be charged Rs. 15.

          This is all under the Dream Plan (our popular pay per trade plan), where you also get the first 5 free trades* free each month. You can also opt for any of our monthly plans. See Stock Brokerage Plans:

          Hidden charges can be notorious. It’s the way most brokers get away from charging you more than they say! To eliminate that, we try to be transparent. One way you a check exactly how much you would pay on a trade is through our profit and loss calculator or brokerage calculators

          As you will see, there are no hidden charge. Every charge is perfectly broken down so that it mimics a contract note.

          I hope I cleared your doubts Sir!


  2. thanks, raghu sir
    I asked it because my current broker told me our charge is 0.049 paise or 0.49% but they charges like this suppose if I purchase a low price stock price 0.10 quantity 100000 is turnover is 10000 brokerage is 100000*0.049=4900+taxes(around 1000) on buy + (4900 +taxes(around 1000))on sale + (4900+taxes(around 1000) ) on delivery = total charge is 18000rs on one stock buy to sale turnover is only 10000rs brokerage 18000rs
    for this reason, i was thinking your 1 paise is same like that 1/share but I was wrong so thank you so much
    now I am satisfied my decision is right, I am going with Upstox I hope Upstox will provide me best services

    1. Hi Subhash,

      Yes- this is how most brokerage firms, unfortunately, get away with charging high fees. They throw in hidden charges and many customers, unfortunately, do not check their contract notes in detail. I am sure you will enjoy Upstox’ services 🙂

      Happy Trading!

  3. sir this GDFL data feeds that u r providing seems like good to me when i saw the video of LINE PAIR TRADING AND MANUAL TRADING THROUGH CHARTS…
    i have been using this NEST TRADER software that u provide but i don’t like it as placing orders is too cumbersome specially for scalping is difficult through it…
    could you guide me a bit for this AMBIBROKER GDFL like advantages or disadvantages of LINE PAIR TRADING….
    will be obliged

    1. Hi Karan,

      I’m sorry to hear about that. What exactly are you looking for that the software does not provide? Unfortunately, the speed of placing orders is out of our control. When it comes to GDFL- it is probably best if you ask them directly! They have a live chat and a support team available.


      Let us know if you can’t get a specific question answered 🙂


        1. Dear Subhash,

          Do let us know if your account has been opened! (I’m assuming it has).

          In general, after we receive your documents you should receive an email and a phone call within 1-2 business days. We try our very best to reduce the turnaround time so that you can get up and started in as little time as possible.


          1. Hi Raghu,
            Is there any charges for selling from DP on the sell side? other brokers do charge DP delivery charges.

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