# How to Calculate Brokerage in Upstox?

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Whenever we go to purchase a dress, we often look at the price tag first and then decide whether it is worth spending on or not. Similar is the case with stockbrokers. So, if you want to know how to calculate brokerage in Upstox so that you can make a definite decision, this article will help you answer that.

Many times traders get skeptical regarding the calculation of brokerage charges and therefore often get confused when they receive their contract note.

It, therefore, becomes important that anyone who is enthusiastic enough to invest in the stock market should also know how to calculate the brokerage. Let us begin by having a quick look at the brokerage charges of Upstox.

## Upstox Brokerage

Upstox is a discount broker and lets its clients trade across various segments in the stock market, be it in equity, commodities, currency, or derivatives. The brokerage charges levied by the broker on the trades are as follow.

### How is Upstox Brokerage Calculated?

Now that we know the charges of Upstox, let us have a look at how we can calculate them.

There are a lot of traders who often get confused when it is about calculating the brokerage for their trades. Let us put it in a simple, easy-to-use formula.

The brokerage comes with the upper cap of ₹20 but the minimum fee for intraday trading is 0.05% while the Upstox equity delivery charges are 2.5%. Let’s check how this brokerage is calculated.

(Turnover= Buying price × Quantity+ selling price ×  quantity)

Let us understand this with the help of an example.

Rakesh is an intraday trader and purchases 100 shares of ABC company at ₹20 each. Later the market price accelerated and reached ₹25 each, and then he sold all the shares. The brokerage levied on this trade will be,

Total turnover= 100 × 20 + 25 × 100= ₹4500

The total trade will be ₹4500, therefore the brokerage charges will be 0.05% of ₹4500 = ₹2.25

But if the charges come up to be more than ₹20, then you will be charged flat ₹20.

For example, if you purchased 100 shares of Infosys at a price of ₹1000/share and then sold it on the same day for ₹1050/share. Now, in this case, you will be charged ₹20 on the buy-side and ₹20 on the sell-side.

Similar is the case when you are calculating the delivery charges of Upstox, you will either be charged ₹20/executed order or 2.5% of the turnover.

But how will you calculate the brokerage in case of options? So, Upstox charges ₹20/order in options.

If you entered a call option contract then you will be charged ₹20/order and no matter how many lots you trade in that, you will be charged the same.

In this simple way, you can calculate brokerage in Upstox and stay informed of the prices all the time.

## Upstox Brokerage Calculator

Sometimes the calculations might bother the traders and this is the reason they end up getting confused with the brokerage charges.

If you want to be accurate and want some assistance in calculating the brokerage charges, then you can take the help of the Upstox brokerage calculator.

You just need to enter the buying price, the selling price, quantity, and state. Once you have entered the details correctly, you will get the brokerage charges and also the list of other charges like STT charges, transaction charges in Upstox, stamp charges, etc.

#### Conclusion

So now whenever you get confused about how to calculate brokerage in Upstox, always remember that it can be calculated by finding out the total turnover and then multiplying it by the brokerage percentage.

There is a cap on the brokerage and you will be charged ₹20 maximum on every executed order. It becomes even easier when you do the calculations on the brokerage calculator.

Now that you know how to calculate brokerage in Upstox, open your Demat account today and start trading!

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