upstox start to take 2.5% brokrage worst broker

Deal Cadet
raja

now upstox starts to take 2.5% brokerage compared to another 0.1% up to 20 max 

totally out of market policy also not possible to square off sell of delivery without full extra margins

totally unfair practise

its time to close the account with them if that does not change this structure

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Deal Lieutenant Deal Lieutenant
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For which trades?

Deal Cadet Deal Cadet
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delavery
Deal Lieutenant Deal Lieutenant
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Previously it didnt?

can you elaborate a bit?

Deal Cadet Deal Cadet
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earlier 0
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Deal Cadet Deal Cadet
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they not show the actual charge on-site its hidden

actually, that charged 2.5% brokerage so if you buy 800 rs shares then that charges 20 per trade highest in now in market
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Comrade Comrade
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mstock zindabad

Deal Lieutenant Deal Lieutenant
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lets see how long mstocks will stand up , they already changed T&C once before around 1 year back i think when they tried to levy some charge and later reverted for 3000 paid customers 

 I have less hope on mstocks

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Helpful Helpful
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earlier i had confirmed with their CC, for old users it will be same as what it was while signing up, when i signed up it was zero brokerage on delivery and i just checked my contract note for 1st november, it is zero only.

Deal Lieutenant Deal Lieutenant
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Ya only for old users (same for me) i.e very long back users before this new brokerage 

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Deal Cadet Deal Cadet
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Finvasia ROLLBACK their charges circulars
Deal Lieutenant Deal Lieutenant
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yes the fun part is i never received this new charges email and suddenly i only receive this roll back of charges email lol 

weird 
it seems I am left out of loop with finvasia 
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Investor Guru Investor Guru
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Otherwise they can't keep on supporting the platforms they provide. 

Finance Mentor Finance Mentor
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Next, we shall get reports about groww... And later zerodha? Inevitable I think...

Deal Lieutenant Deal Lieutenant
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hehe at the end of the say they have to cut their profits a bit down and keep this zero delivery OR ELSE THEY WILL LOSE CUSTOMERS, since customers will LEARN TO MOVE TO BETTER SERVICE BROKERS, if everywhere there is charge BECOMES COMMON NORM:)


so i doubt every discount broker will implement this charges , if they do this ITS DEAD FOR THEM

Deal's Advocate Deal's Advocate
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All planned move. Then Jio will enter with free brokerage. Just wait and watch.

Deal Lieutenant Deal Lieutenant
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Free brokerage is possible in the system even now, just the brokers has to cut their profits:)

if this is planned move by JIO THEN ITS A FLOP


so free brokerage is not going anywhere:) it will be there (since discount brokers dont have many branches they dont have much operational cost apart from tech and few customer care executives)


so free brokerage is possible still, AT THE COST OF LESS PROFITS FOR BROKERS

Deal Newbie Deal Newbie
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Your frustration filled post reminds me of a (Hindi) phrase 'khisyani billi khamba noche'.
Commentator Commentator
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Which one is good to use now then ??

Anyone suggest me best app. Till now I am using Groww only

I can new account

Deal Cadet Deal Cadet
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It depend on the usage type of trade 
Helpful Helpful
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Stills its maximum 20 rs per order right ?

replyuser
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