Ratan Tata-backed online broking firm Upstox cuts trading fee to 'nil'

Online stock brokers and trading platforms like Upstox neither needs investments to open branches nor have large fixed overhead expenses

Online commodity and equity broking firm Upstox has cut its brokerage fee to as low as ‘nil’ to attract participation from retail traders.

Confirming the development Ravi Kumar, Co-Founder and Chief Executive Officer (CEO) of Upstox, said, “Upstox is able to offer ‘zero brokerage’ to customers for stock investments because we use design and technology to cut costs at every level of operations and transfer this cost benefit to the end customer.

Pnline stock brokers and trading platforms like Upstox neither needs investments to open branches nor have large fixed overhead expenses, thus enabling them to keep brokerage costs for clients very