Upstox(RKSV) Review - A Discount Share Broker India 2017


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Overall

From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Upstox (RKSV)?

  1. Equity delivery trading is free.
  2. Trading across Equities, Futures, Options, Currencies and Commodities on NSE, BSE and MCX.
  3. Flat Rs 20 per trade across Equity Intraday, Future, Option, Currency, and Commodity.
  4. Zero transaction charges if you open Demat Account.
  5. Single platform to trade across all segments and exchanges.
  6. One of the best and most advance in-house trading platforms in India- Upstox Pro Web and Upstox Pro Mobile.
  7. Offers NRI trading and Mutual Fund Investment.
  8. Upstox now offer IPO Investment, SIP Investment and news alert.
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Special Offer: Zero Account Opening Fee.Get the offer.
LikesLikes

  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.
  • Innovative tools like brokerage calculator, options builder tool and RKSV Span Margin Calculator.

DislikesDislikes

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.

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Upstox (RKSV) Review - 2017

Upstox, (formerly RKSV Securities), is one of India’s top broking firms specializing in the zero brokerage costs model. Founded by Ravi Kumar, Raghu Kumar and Shrini Viswanath, Upstox now accounts for 2% of daily turnover of NSE. Upstox’ customers can trade on BSE, NSE and starting in 2016 on MCX. (approx. Rs. 7000 crore daily traded turnover).

Upstox is backed by Mr. Ratan Tata, Kalaari Group and GVK Davix and prides itself as the technology-first low cost brokerage firm. The cutting-edge trading platform is built in-house by the team of engineers at Upstox’ head office at Sunshine Towers in Lower Parel, Mumbai. Traders and investors can use the sophisticated charting tools on Upstox Pro Web and Mobile platforms in order to analyze the markets and make profits.

Upstox offers free brokerage on equity delivery trading and trading in Equity F&O, Equity IntraDay, Commodities and Currency Derivatives can be done for a flat fee of Rs. 20 per order traded irrespective of the order volume. Upstox also offers NRI trading and will soon provide for investing in Mutual Funds.

Upstox focuses on educating and training people about the financial markets and how to profit through them. Trade Academy, the educational-arm of Upstox, has been conducting online classes to train aspirants across India and abroad about everything from basics of the stock markets to options trading strategies to introducing algorithmic trading to experts in the industry. Trade Academy runs free and premium online courses that are attended by large number of audience every day.

For online share broker like Upstox, providing decent customer service is essential for maintaining and retaining the customers. Upstox will not disappoint you in terms of customer service which you get by the means of email, phone and online feedback.

UpStox Pro, the share trading software by Upstox is available for mobile and web version.It is built on Omnesys NEST Order Management System to make order placing easy on mobile phones and web browser. It also offer analysis, charting and many more features same as Zerodha PI and Zerodha Kite.

In 2016, Upstox launched E-Aadhaar account opening system thus breaking the barrier faced by customers while opening an account with other brokerage firms. You just need your Aadhaar Card number and PAN Number in order to open an account with Upstox. It is completely paperless and seamless! Account opening is FREE with Upstox.

Upstox’ referral program offers existing customers the chance to earn additional money in brokerage credit by referring their friends to open an account and trade with Upstox. A special dashboard is created for existing customers so that they can track their earnings from referrals.

Upstox is also a registered member of CDSL and NSDL and is eligible to provide Depository Participant (DP) services. The company remains a registered member of NSE, BSE and MCX in the name of RKSV Securities.

Upstox' transaction charges are very competitive with other discount brokers in India. They charge transaction or turnover charges at Rs 325 per crore for equity, Rs 210 per crore for futures and Rs 5500 per crore for options (on premium).

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Upstox (RKSV) with closest competitors
Broker Upstox (RKSV) Zerodha ICICIDirect Sharekhan ProStocks
Service Type Discount Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage Rs 20 Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate Upstox (RKSV) Brokerage Calculator

Upstox (RKSV) Brokerage Charges - 2017

Upstox's brokerage plan is simple and attractive, competing neck to neck with Zerodha. Trade in Equity Delivery is completely free and for all other segments you have to pay Rs 20 per order executed.

Margin Provided by Upstox - Customers get intraday leverage of 15x on Equities for FNO listings, 2x for scripts with 20% circuit limit, 3x on NSE F&O, 3x on BSE/NSE Currency F&O and 2.5x on MCX Commodity Futures.

Special Margins for Cover Order or Bracket Order - 20x on NSE/BSE Cash, upto 6x in NSE Futures, upto 4x in Currency futures, upto 3x in MCX.

Trading Brokerages
  • Equity Delivery Based Trades: Rs 0 (Free)
  • Equity Intraday Trades: 20 Rs per executed order
  • Equity Future: 20 Rs per executed order
  • Equity Options: 20 Rs per executed order (on Turnover)
  • Currency Futures and Options: 20 Rs per executed order
  • Commodity Futures: 20 Rs per executed order
Account Charges
  • Trading Account Opening Charges (One Time): Rs 150 for Equity,FnO and Currency and Rs 150 for Commodity
  • Demat account Opening Charges (One Time): Rs 150
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 150 from 2nd year onwards
Other Charges
  • Call and Trade feature is available at 20 Rs per call.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of 25 Rs per contract + Courier charges.
  • Instant payment gateway charges for over 20 banks - Rs 7 per fund transfer.Max transfer limit to 2 Lakhs Rs per day
  • Money withdrawals charges applies as per RBI guidelines.
  • Standard NSE charges, transaction charges and statutory levies are charged.

For STT,Stamp Duty,Service Tax and SEBI Charges, please refer the Brokerage Charges tab.

Upstox Margin/Exposures and Intra-day Leverage

  1. Upstox Margin for NSE Cash/BSE Cash -Upstox offers upto 20X for stock listed in F&O, upto 2X for stocks with 20% circuit breaker for all MIS(Intraday) orders.For CO and BO orders, a combined basket of F&O underlying and NIFTY CNX 200 scrips are offered a leverage of upto 20x.
  2. Upstox Margin for Equity Futures - Upstox offer upto 6X leverage for CO and BO Orders, whereas 4x leverage in case of MIS orders.
  3. Upstox Exposure for Options Buying Trading -Upstox offers 1.3X leverage for CO and BO Orders and No leverage in MIS for Options buying.
  4. Upstox Exposure for Equity Options Selling - Upstox offer upto 4X leverage for all selling options.
  5. Upstox Margin for Currency Futures - Upstox offer upto 4X leverage for MIS/CO and BO orders.
  6. Upstox Margin for Commodity - Upstox Offer upto 3X margin in Non Agri commodities with CO orders and 2.5x for MIS orders.

To get an additional margin you can opt a paid service - Upstox Priority Pack. Rs 999 PM for Equity, F&O and Currency and Rs 499 PM for Currency. NSE/BSE cash margin 25x and MCX Futures - 4x for CO/OCO orders.

For complete brokerage charges and trading plans detail please visit Upstox (RKSV) Brokerage Charges.
Upstox (RKSV) Brokerage Charges - Dream Plan
Brokerage Plan Dream Plan
Flat Fee NA
Equity Delivery Free
Equity Intraday Rs 20
Equity Futures Rs 20
Equity Options Rs 20
Currency Futures Rs 20
Currency Options Rs 20
Commodity Rs 20

Account Opening with Upstox (RKSV)

For online trading with Upstox,an investor has to open a simple 2-in-1 account(Trading and Demat).Account opening is the easiest with Upstox. Starting in 2016, Upstox pioneered Paperless account opening system. Now you just need your Aadhaar Card Number and PAN Number to open an account online. Gone are the days of filling out multiple forms, signing, printing and sending them to the broker in mail. Following are the ways to open an account with Upstox:

  • Fill out the details in the online form here. Click here to fill the Upstox contact form.
  • Website: http://new.upstox.com/#/
  • Upstox(RKSV) customer care contact: +91-22-6130-9999
  • Contact email: [email protected]
  • Registered Office: Upstox, 807 New Delhi House, New Delhi 110001
  • Corporate Office:30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, 400 013

Contact Upstox (RKSV)

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Upstox (RKSV) Web, Mobile app and Desktop base trading platform - 2017

Upstox provides terminal based, web based and mobile app based trading platforms to its users.The platforms of Upstox are built in-house and are one of best trading platforms in India specially the mobile app called Upstox Pro Mobile app with unique feature of loginless.

Upstox Desktop - One of the most reputed trading platform "Omnesys NEST" is official trading terminal for Upstox. This trading terminal is one stop shop for our your trading need from advance charting to quick order placement, portfolio, fund transfer, margin report and Market Watch, Customizable interface, Multi Monitor support, customizable hotkeys and shortcuts.

Upstox Pro Web - With more and more people moving towards online trading, Upstox has turned their web-based platform into the most sophisticated and cutting-edge tool which helps traders and investors to calculate fast and place trades in live markets quickly. Upstox Pro web is a light weight browser based trading platform that can be accessed using internet on your computer,laptop or tablet-without having to download anything.Trading with Upstox means that you can say Goodbye to those large .exe files that crowd your desktop.

    Key Features of Upstox Pro are:
  • Fast market feeds.
  • Trade on all exchanges & all segments with a single sign-in.
  • Real time quotes.
  • Instant notifications.
  • Bank transfer available with 40+ banks.
  • Real time margin - alert for margin changes.
  • One click trades.
  • Keyboard shortcuts like desktop, you can use shortcuts for trade in browser.
  • Account balance, historical reports, daily order status reports and much more.

Upstox Pro Mobile App:Once you have downloaded the app, you can easily open a paperless trading account with Upstox and start placing trades. Upstox also offers LoginLess feature on their Upstox Pro mobile app.

    Loginless allows you to do many things, without even an account, such as:
  • Easily search for stocks, even the complex ones.
  • Access all NSE cash, Futures and Options and Currencies scrips.
  • Use cutting edge charting tools.
  • Create charts with multiple intervals, drawing studies and types.
  • Apply 100+ technical indicators on real-time charts.
  • Set unlimited no of price alerts for instant updates.
  • Create unlimited customized watch-lists.
  • Receive real-time market feeds to stay on top of your scrips.
  • Access predefined watch-list of Nifty 50.
Click here to watch the Loginless video!
For detail review of mobile app and download please visit Upstox (RKSV) Mobile App.

Upstox (RKSV) Membership Information

  1. RKSV NSE Membership:
    • Capital Market (CM) - INB231394231
    • Future & Options (F&O) - INF231394231
    • Currency Derivatives (CDS) - INE231394231
  2. RKSV BSE Membership:
    • Capital Market (CM) - INB011394237
    • Future & Options (F&O) - INF011394237
  3. RKSV MCX Membership:
    • Member Code - 46510
    • FMC Regn. No. - MCX: MCX/TM/CORP/2034
  4. CDSL: IN-DP-CDSL-00283831
  5. NSDL: IN-DP-NSDL-11497282

Product and Services

3 in 1 Accounthelp
No
Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
Yes
Automated Trading help
Yes
AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
No
Combined Ledger for Equity and Commodityhelp
Yes
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
No
Bonds Investment help
No
Debt Investment help
No
Banking Service help
No
Insurance Service help
No
SIP Investment help
No

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
No
Stock Alerts Delivery - Text SMS help
No
Virtual Trading help
No
Watch-lists, streaming real-time quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
Yes
iPad App help
Yes
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
No
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
No
24/7 Support help
No

Research and Market Reports

Daily Market Report help
No
Free Tips help
No
Quarterly Results help
No
New Alerts help
No
Mutual Funds Research help
No
Research Equity Reports help
No
ETF Research help
No

Final thought about Upstox (RKSV)

Upstox is a technology-focused online broking firm that leads by example. The broker separates itself from the competition with its innovative trading ideas as well as continuously focuses on providing hi-tech tools and platform. Upstox's new brokerage plan of free trading in equity for casual traders, puts them in the new emerging category- "Free Broker". New Trading platform Upstox Pro is adding more value addition for fast and speedy trading.

If you like what you have read and want to choose Upstox (RKSV) or any other broker, leave your contact information with us and we will guide you.

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Upstox (RKSV) User Reviews

avatar
2. Infy Trader  Aug 18, 2016 8:07:20 AM IST Reply
Hi Guys, on Upstox platform, session is expiring very fast, do they want us to login again and again, are they getting any benefit from this. This is very annoying.
avatar
1. J Sani  Aug 18, 2016 8:01:45 AM IST Reply
Can I trade in MCX on Upstox?

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ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Flat Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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