Hi @mailtoskt,
We hear you. Intraday traders and algo users often deal with lower quantities per order and we understand how brokerage costs impact your setups. While our current structure is ₹20 or 0.1% (whichever is lower), we’re always evaluating ways to improve pricing for active traders.
A volume-based discount model is an interesting suggestion and we’ll definitely pass this feedback along to the team. Appreciate your insight, thanks.
You can introduce monthly subscription or daily subscription where user can pay fixed amount as brokerage for entire day irrespective of number of trades. As in F&O segment users who are trading with 1 or 2 lots are facing huge brokerage. If you could reduce this brokerage for users who are trading with 1-3 lots, I guarantee users from other brokerage firm will shift to Upstox. As when you trade with large quantity brokerage is ignorable but for small traders brokerage turns then in loss even if they are in profit.
Thanks for your feedback, @Jagdish_j_ptl. We have noted it.
Thanks for your revert.I was making some assessment and wanted to share with you. As per the present scenario, intraday is a loosing proposition right at the start with 0.1% brokerage. Given the fact that 1:1 ratio with 1% for stop loss/take profit in a intraday setup is by design itself is not a winning situation, the present brokerage will never by a conforting factor. With above given scenario, the breakeven will be =0.07%. Now, one needs to factor in intraday noises and hence wide gap in take profit/stop loss %tages, anything above 0.01% as brokerage will never be a good ground to start with. All these are with small trades done manually or through system.
Appreciate the feedback, @mailtoskt. Taken a note of it, thanks.
Hi
I see that 20 rs charge is there for delivery, but many times in whole thread it is mentioned that upstox provides 0 AMC, but I am being charged 300+taxes, every year on AMC also
