The broker offers online equity trading, derivative trading, commodity trading, currency trading, IPO and mutual fund investment. Individual and NRI can open Upstox Demat and Trading Account to trade-in various products at flat Upstox brokerage charges. It also provides a global investing platform to invest in the global market. Apart from this, to provide the sophisticated and advanced tools, the broker offers various charting options including Tradingview and Upstox Bridge to Amibroker. In addition to this, advanced offerings such as call & trade, margin trading, refer & earn, etc. are also available with Upstox. Get the details of Upstox Products and Services thoroughly here as under:
Upstox being a CDSL registered broker offers clients the facility to open an Upstox Demat Account and thereby transfer physical securities in an electronic form to their account. The discount broker facilitates people to open a free demat account with Upstox through both the traditional means offline as well as online channel. Demat account is always linked with the trading account to make the trading process streamline.
Demat account just holds securities in digital form, however, trading account meets multiple trading objectives and required to transact in various securities such as stocks, futures & options, commodities, currency and other segments. Discount brokerage fee is the key factor that attracts people to open a trading account with Upstox and thereby trade across segment at a flat brokerage that doesn’t increase with the trading volume. As of now, the discount brokerage house is offering 2 different plans; basic and priority. Former charges a fixed brokerage fee of Rs. 20/order whereas later charges a flat fee of Rs. 30/order but comes with higher leverage. Equity delivery trading with Upstox is completely free under both these plans. Another point is that although the brokerage house is not a part of any bank however, through the tie-up with IndusInd Bank, it has started offering Upstox 3-in-1 account, an integrated platform of IndusInd bank a/c and Upstox demat and trading account. Both Indian resident and NRI can open an Upstox trading account and start online trading in various investment products.
In today’s era, trading in equities is one of the mostly demanded product. Upstox being a trading member of BSE and NSE offers equity trading to clients. People can trade-in equity cash as well as equity delivery segment as per their choice.
Upstox is a MCX member to facilitate people to trade-in commodities. To do this, a customer requires to open an Upstox Commodity Trading Account that can be opened online. Under the basic plan, commodity futures & options trading is charged at Rs. 20 each executed order whereas the priority plan charges Rs. 30 per trade. Unlike many other brokers that provide a free commodity account, Upstox levies commodity trading account opening charges of Rs. 150 but no AMC is charged. Users can use any platforms either Pro Web or Pro Mobile to trade and invest in commodities like gold, silver, crude oil, and other commodities.
Having a demat and trading account with Upstox facilitates you to trade-in derivative means futures & options segment. Users can trade-in equity derivative segment on NSE and BSE with Upstox through any trading platform whether it is web-based - Pro Web or mobile version - Pro Mobile.
Upstox also allows trading in currency segment that is as simple as trading in derivative segment that is also charged at same brokerage charges of Rs. 20 per lot. There’re four global currency pairs available with the broker includes USD/INR, Euro/INR, GBP/INR, and JPY/INR that are allowed to trade.
Upstox offers their users a free mutual fund investing platform. They just need to open a mutual fund account with Upstox and thereafter buy mutual funds completely free of cost. The broker has tie-up with a number of AMCs like DSP, Kotak, SBI, ICICI, Nippon India, Axis, HDFC, Mirae, and others. Both regular and direct schemes are available with the broker, and people can invest in any of them as per their choice.
Earlier, the broker was offering Upstox NRI Account to facilitate NRI trading facilities. Clients were able to open an Upstox NRI Trading Account and Upstox NRI Demat Account and start online trading at a brokerage of Rs. 200 per order or 0.01% whichever is lower. But now, the discount broker has temporarily suspended NRI service offerings.
Upstox offers a great opportunity to traders to invest globally across 60+ exchanges in 25+ countries. The best part is the broker allows global investments at zero commission. Upstox demat account holders can upgrade their account for global investing on Pro platform, get login credentials and access global account to invest in companies all over the world.
Advantages of Upstox Global Investments
Likewise Zerodha, Upstox also offers online IPO application through its UPI mechanism and ASBA means net banking process. One can apply for IPO through Upstox account over Upstox pro web mobile app or Upstox Pro Web online trading platform. IPO investment with Upstox is completely free at nil brokerage.
Likewise many other brokerage firms such as Zerodha, 5paisa, Angel Broking, etc. Upstox also gives margin trading facility to their clientele base. Under this facility, people can invest in stocks of higher value than what they actually have at a given point of time. Thus, you don’t need to be worry about the shortage of funds means leverage restrictions.
If you’ve a trading account with Upstox then you can place varied types of order codes including MIS, CNC, and NRML orders. See the explanation here as under;
Order types: The broker offers all types of order placement facility including limit orders, market orders, stop loss orders, stop loss market orders, cover orders, and bracket orders. Each of them are discussed here as follows:
Upstox has revamped its trading platform and now launched an abundance of new features. Upstox Pro Web 3.0 has inbuilt charting options powered by TradingView.com that is a professional charting platform. TradingView with Upstox provides many advanced features such as multi-time frame settings, go-to-date option, HD images, and others.
AmiBroker is one of the leading charting software that provides tools to backtest trading strategy, coding and formula editor, and analyze the market using different indicators and technical charts. To serve customers in the best way, Upstox has also created Bridge to AmiBroker platform that connects Upstox with Amibroker so that users can use the best of technology and technical charting as well. Anyone who has opened an Upstox account can subscribe Amibroker bridge platform and gets its license key from developer portal, that is valid for 30 days and then needs to be renewed.
Upstox users can call at 022-6130-9999 to customer care executives who are accountable to place buy or sell trades as per customers order. However, the key limitation is that it doesn’t offer free call & trade and charges Rs. 20 every call. People are also allowed to modify order as many times as they want in a single day.
Upstox refer & earn program comes with number of advantages, under the plan, whenever you recommend Upstox account to someone else, then referred friends will get following benefits;
Being the 2nd largest broker in the country, Upstox offers “become a partner” product wherein anyone who is interested can become Upstox partner and earn commissions on the same. Upstox partners can get benefits through different ways such as brokerage sharing and referral incentives through referring Upstoxk account to others.
Whatever the platform of trading you are using whether it is Pro Web or Pro Mobile, you can avail margin trading facility offered by Upstox following below steps;
Margin trading, as the name implies, helps traders to place trades without having required money in hand as it can be borrowed from the lender upto the available margin. Almost every broker offers their clients margin trading facility and Upstox doesn’t remain an exception. Clients can activate margin trading online and the activation process will take even less than a minute.
Steps to enable Upstox with TradingView charts;