Intraday trading if done efficiently can help you earn a lot of profit but when it comes to brokerage, it is something that lowers the profit percentage of traders. A broker like Upstox comes up with some valuable offers for its clients. Want to know it in detail? Let’s check Upstox intraday charges.
How Much Upstox Charges for Intraday?
Wondering how much brokerage Upstox charges for intraday. Well! if you are an active intraday trader then here is an offer for you as Upstox intraday charges come with the discounted price and one can trade at the minimum cost of 0.05% of the turnover value or ₹20 whichever is lower.
Apart from this, there are some taxes as well. All these Upstox charges are tabulated below for ease of understanding.
| Upstox Intraday Charges | |
| Intraday Brokerage | ₹20 per executed order or 0.05% (whichever is lower) |
| STT Charges | 0.25% only on sell-side |
| Transaction Charges | NSE: 0.00345% per trade on buy & sell |
| BSE: charges vary as per the scrip group | |
| GST | 18% (on brokerage + transaction charges) |
| SEBI Charges | ₹10 Per Crore |
Thus, the broker comes with the upper cap of ₹20 when it comes to imposing charges for intraday trading. Along with this, it is important for the trader to know how is brokerage calculated in intraday trading.
Here all you have to do is to calculate the fees on the basis of turnover value and if comes out to be more than Rs 20 then here the fees you need to pay are equal to Rs 20 only.
Also, there are auto-square-off charges in Intraday, where if you fail to close your position before time then you need to pay a penalty to the broker. It is therefore important for you to know how to square off in Upstox.
