Last Updated - 2018-03-18
Rated 4.5/5 based on 38 customer reviews
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.
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Upstox, (formerly RKSV Securities), is one of India’s top discount broking firms specializing in the zero brokerage costs model.
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.
free brokerage on equity delivery trading and trading in Equity F&O, Equity IntraDay, Commodities and Currency Derivatives can be done for a max fee of Rs. 20 per order, irrespective of the order volume. Upstox also offers NRI trading and provide investment service 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 a large number of the 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 an order placing easy on mobile phones and web browser. It also offers 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.
With compare to other discount brokers like Zerodha - Upstox is competitive but lacking behind in growth diary. The company doesn't have partner model which is one area where they missed the competition with Zerodha. The company started Partner model in 2017 will bring them in competition again in few years.
|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|
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.
To get an additional margin you can opt a higher plan - Upstox Priority Plan, Rs 30 or .05 whichever is lower for Equity, F&O and Currency and Commodity. With the Priority plan you will get additional margin. This plan is good for active traders who are looking for higher leverages.
For STT, Stamp Duty, Service Tax and SEBI Charges, please refer the Brokerage Charges tab.
For complete brokerage charges and trading plans detail please visit Upstox (RKSV) Brokerage Charges.
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|Brokerage Plan||Dream Plan|
|Equity Intraday||0.01% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 20|
|Equity Options||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 20|
|Currency Options||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20|
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:
NRI can trade with Upstox @Rs 200 per trade or .1% whichever is lower. NRI holding NRO account can open Trading and Demat account just like resident Indians. NRI can trade in Equity Delivery, Derivatives (F&O), Currency futures/exchange traded options market, Investment in Mutual Funds and IPO (Via ASBA channel).To Open account, NRI (NRO Account holders, PIO or OCI card holders) need - Copy of Passport, Visa Document (NRI Only), PAN card, Address Proof Overseas , Address Proof India (NRI Only) and Photograph.
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.
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.
For detail review of mobile app and download please visit Upstox (RKSV) Mobile App.
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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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