Upstox Margin/Exposure Limit for Intraday and Futures
Upstox Track Record Of Best Online Stock Broker In India
Upstox Margin/Exposure Limit for Intraday and Futures
Upstox is registered as an online discount broker in India at SEBI. It allows the customers to trade across Equity, Currency, Commodity and Derivative segments. If we talk about the advanced trading platforms then Upstox has various advanced technology platforms like Pro Web, Mobile Nest Trader, Fox Trader and Dartstock.
Upstox provides margins on Equities, Futures, Currency Futures and MCX. It provides the intraday leverage service for equities, futures, options, commodities and currency futures. These are only applied for the trades that are executed on the same day. The positions that are bought or sold on the leverage will automatically get squared off at 3:15 PM for equities and F&O. They will be chargeable at Rs.20 per order by Upstox. The charges for Currency Futures positions will be squared off at 4:45 PM and the charges for MCX will be squared off 30 minutes prior to market close (so it can either be 11:25 PM or 10:30 PM depending on MCX market timings).
Upstox gives up to 25x exposure for all the NSE and BSE securities that have the products on the NSE-FO market. The other stocks that are not on the list but have 20% circuit limit breaker, Upstox provides up to 2x exposure to them. For all the others no exposure is given.
NSE and Currency Futures
The futures are allowed to trade on 20% of applicable (span Plus exposure). The customer is required 100% of the applicable margin. Let’s understand it better with an example, suppose a person X is wishing to purchase one lot of NIFTY futures valued at Rs. 2,07,500 (i.e. 8300 for 1 lot of 25 shares), then it means that X would need Rs. 8380 (i.e. 50% of margin) for the intra-day applicable margin or Rs. 16,750 (i.e. 100% of margin) if he wants to carry forward this position.
Upstox requires the full premium amount for buying options. It provides up to 5x leverage on the span and exposure margin for intraday. The Delivery also requires the complete amount. However, the customer receives the premium benefit credited to their account at the time of selling options in delivery. The buying options requires the complete value of the premium while selling options requires the complete value of the applicable margin.
Upstox provides up to 3x margin for both buying and selling for MCX Futures. The leverage begins at the time of market open only for fresh positions. The positions that are bought or sold on the leverages will automatically get squared off, 30 minutes prior to closing of the market i.e. it is either 11:25 PM or 10:30 PM depending on MCX market timings.
Product Codes Overview
Index Option Sell
Stock Option Sell
Index Option Buy
Index Option Sell
Frequently Asked Questions
A stop-loss order is an order placed with a broker in order to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed in order to limit an investor's loss on a security position.
While carrying Intraday orders, we trade using margins and thus the trade goes in loss showing the negative balance. It will show the negative balance till the time we square off our trade or their RMS team do so. Your AMC might be deducted and this is the reason why it shows negative balance.
Rs.20 brokerage and 15x intraday margin are the most suited for a new trader. Whereas, the Priority plan is best for the experienced traders who require higher (20x) leverage. The brokerage charges (Rs. 30 per trade) are also higher under the Priority Plan.
The Upstox has pioneered the low-cost brokerage model. Thus while trading with Upstox, equity delivery trades are free of cost. For intraday trading on BSE, NSE and MCX and F&O. It is 0.05% or up to Rs. 20 per order traded.
The Upstox provides three trading platforms. There is Upstox Pro web that you can access from your favorite browser. The other software Upstox Mobile which is available on both Android and iOS will help you in trading on the go.
Upstox runs a partner program wherein you can become a sub-broker and start referring customers from your network. You can earn commissions when they trade. You can receive earnings in two ways in this program either earn a part of the brokerage paid by your referrals or earn incentives for referrals when they open an Upstox account.
The Account opening is free. But if you pay Rs.149, you will get a brokerage credit worth Rs.250 with the validity of 30 days.
You can withdraw money from your Upstox account directly from the application. You go to the balance section of the app and choose to “withdraw funds” from your securities or commodities account. Once after selecting the account, click on the “withdraw” screen. Now enter the amount you want to withdraw and click on “submit”.
Upstox is an online broker and a POA is compulsory during the account opening. This is done in order to keep your information safe and secure.
There is no limit of how many banks accounts you can link with Upstox. One bank account will be marked as the primary account and rest of them will be marked as the secondary bank accounts.
The monthly maintenance charge for the demat account is Rs.25 (excluding GST). This amount will be charged at the end of every month.
The trading with Upstox is completely safe. The company started offering its services in 2012 and since then it has grown exponentially. It has lakhs of trusted customers and over 5 lakh customers traded in January 2020. This made it rank as the second largest discount stock broker in India. The company is registered with the SEBI, BSE, NSE, MCX, CDSL and NSDL. It is regularly audited by the exchanges and no violations have been noticed so far. The company is backed with the leading investors like Ratan Tata, Tiger Global and GVK Davix.
The client can freeze his account in case he does not wish to do any transaction in the near future. This helps in curbing the unauthorized use of demat account & prevention of frauds. The account will be de-freeze only on the instructions of the account holder.
To reactivate your Upstox account, all you need to do is to fill the reactivation form and email it to us at email@example.com. You also need to send a bank statement of the last three months that have been self-attested. Once after we receive this, your account will be reactivated within 24–48 business hours.
Upstox core services does not include providing trading or stock tips. As an online broker, Upstox believes in keeping costs as low as possible.
There is no minimum balance that you are obliged to maintain in an Upstox Mutual Fund account once after the first time when you purchase the SIP.
You can upgrade your Upstox account by just sending an email from the registered email Id to firstname.lastname@example.org. Remember to keep the subject line "Request to change brokerage plan." Make sure that you mention your Name and UCC in the email. The request for changing brokerage plans will be processed in 24-48 hours during business days.
One of the major advantages of having trading account with Upstox is their low-cost structure. As a result, they do not provide any RM (Relationship Manager) services, even in Mumbai.
The Trigger price in Upstox is the pre-set price on a buy or sell order in trading. The order here is a special order such as a “stop-loss order”, a “take-profit order”, “bracket order” and a “cover order”.
The withdrawal of money procedure is an online process. Thus, every request is processed within 24 business hours after the trading day has ended. The Upstox staff get notified of your withdrawal request and hence they process all withdrawals once at the end of each day.
Yes, the account opening in Upstox is free with a ₹249 prepaid brokerage plan. Currently the company does not charge any account opening fee for the individual trading accounts.
In order to change your phone number in the Upstox account, you will have to open an online service request. To change phone number in Upstox, follow the below mentioned steps: a) Go to www.upstox.com b) Click on 'Sign in' > 'Dashboard' c) Login to the dashboard (Upstox back office) d) Choose and click on the 'Service Request' box e) Then, click on 'Change your Mobile Number" f) Enter the new phone number and verify the OTP. Once after the request is submitted, it will be processed in 24 to 72 hours.
Upstox is not a listed company. It is a privately owned company run by the promoters of the company including Mr. Ravi Kumar and Mr. Shrinivas Viswanath. Four major investors that include Mr. Ratan Tata, Tiger Global Management, GVK Davix and Kalaari Capital Partners invested in this company.
The “Validity in Upstox” means the tenure or period for which a placed order is valid. The price of a stock moves up and down on a regular basis and thus the order is executed only when the matching price is available.
If you are deciding to close your account then you can delete it, then you can delete it. Upstox does not charge any fees to close your demat or trading account. Just make sure that all your dues are clear and transfer all existing securities from your Upstox demat account.