In today’s trading and investment world, we need a modern broker who can act as a Onestop Shop for all our investment and trading needs.
My recommended broker is Upstox. Here’s Why –
Cost Effective – Upstox is the most cost effective broker in India. In India, there are 2 type of brokers – Traditional and Discount Brokers. Traditional brokers charge the brokerage on per lot basis where as discount brokers charge brokerage on per trade basis. This means that if you purchase 5 lots of an option contract then a traditional broker will charge you brokerage on 5 lots around Rs. 300 where as a traditional broker will charge brokerage on a single trade which will cost you just 20 bucks. So it’s always good to have an account with the discount broker. Upstox brokerage charges are the lowest in India –
- Equity Intraday, F&O, Currency and Commodity – Rs. 20/trade
- Equity Delivery Trades – FREE
Full Bouquet of Service – Whether you are a trader or an investor, it’s important that your broker is providing all market related service. Upstox covers all products
- Equity
- Derivatives
- Currency
- Commodities and
- Mutual Funds
Amazing User Interface – Upstox Interface is simply amazing. It provides very handy tools which are actually needed while trading. Below are my favourite features of Upstox UI –
- Multi Scrip Select – It enables us to select scrips and it’s f&o contracts in one go using a common search. For Ex – Search “Reliance” and add Reliance Eq, Reliance Fut and CE PE also.
- Price Alert on Mobile and Email – You can setup to receive a Mobile and Email alert when your favourite stock comes to your desired level. I do my research in the evening and setup alert using this feature. No need to stare the screen the whole day.
- Amibroker Integration – This is real Automated Trading. Upstox has enabled to link your trading account with Amibroker and automate your trading. This feature is available at a nominal price.
- Impactful User Interface – Below is a view of how a typical watchlist looks like in Upstox. It contains all the necessary information and smartly gives more info. I like the way they have included a snapshot of line chart for every stock so that you can interprete the movement in a glance.
- Customer Care Chat Service – Upstox provides a dedicated customer care executive who can help you to resolve all your queries and issues
Instant account opening – It’s easy to open an Upstox account. Its a completely online process if your can e-verify using Aadhar OTP. To open your Upstox account, you can click here
Open Demat Account Online For Free and get complimentary benefits worth Rs 28,000 also
Is OPTIONS TRADING also done on Upstox and Zerodha ?
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Yes it can be done in both
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