Incorporated in 2011, Upstox (earlier known as RKSV Securities India Private Limited) is one of the best discount brokers in India due to its low-cost brokerage charges, advanced technology Upstox trading platforms & tools, and access to multiple investment products. The Mumbai-based discount broker is a registered member of NSE, BSE, and MCX to offer trading and investment in a variety of products including equity, futures & options, commodities, and currency segment. Apart from this, Upstox provides mutual funds investment platform to facilitate clients undertaking MF investment. It is also a registered DP with CDSL and NSDL to provide Upstox Demat Account opening facility to customers. Earlier, the brokerage firm was only offering a 2-in-1 account but now through a tie-up with IndusInd bank, it offers Upstox 3-in-1 account, also called IndusStox 3-in-1 account.
The technology-led discount broker offers world-class platforms for trading. Upstox trading platforms such as Upstox Pro Mobile (mobile app) and Upstox Pro Web (web-based trading platform) comes with a lot of features such as trading on multiple exchanges, advanced charting, technical analysis, user-friendly interface, and others. Even not just that, it further offers various trading tools such as Upstox Nest Trader trading software, Dartstock, Fox trader, Upstox Algo Lab, etc. to facilitate traders & investors. Its trading platforms are designed using Omnisys NEST OMS and Omnisys NEST RMS.
On the brokerage front, Upstox may be one of the preferred brokers among people because it offers free delivery trading and charges flat brokerage fee across segments. It has two brokerage plans – Basic and Priority wherein Upstox basic brokerage plan charges Rs. 20 per order brokerage whereas Upstox priority plan charges a flat fee of Rs. 30 per order for trading in other segments.
In today’s era, customer service is the key concern of people and the Upstox discount brokerage house provides customer service support through all the possible channels or routes i.e. email, telephonic, mobile, chat, and web assistance. Upstox Help Center and Upstox Learning Center also assist clients to get free assistance or learning on various stock market aspects. Upstox broker also offers other services such as margin trading, high margin under priority plan, advanced orders – bracket order and cover order, partner, refer & earn, call & trade, etc. so that customers can avail all the services under one roof.
Upstox is among the cheapest brokerage houses with its Free delivery trading and flat Rs. 20 brokerage charges across other segments, and also provides the best technology trading platforms i.e. Upstox Pro Web, Upstox Pro Mobile, Nest Trader.
100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for F&O trades.
This is a limited time offer. Simply leave your contact information with us and Upstox representatives will contact you.
Here we are comparing Upstox with its 5 close competitors on investment options.
Broker | Upstox | Sharekhan | 5paisa | Zerodha | SAMCO |
Equity Trading Type | Yes | Yes | Yes | Yes | Yes |
Currency Trading | Yes | Yes | Yes | Yes | Yes |
Commodity Trading | Yes | Yes | Yes | Yes | Yes |
Mutual Funds | Yes | Yes | Yes | Yes | Yes |
MF SIP | Yes | Yes | Yes | Yes | No |
ETF Investment | Yes | Yes | Yes | Yes | Yes |
Banking | No | No | No | No | No |
Insurance | No | Yes | Yes | No | No |
»» Trading Account Opening Charges: Rs 150
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Rs 150
»» Demat Account AMC: Rs 150 PA (Waived for 1st year)
There are two Upstox brokerage plans; Upstox Basic Plan and another is Upstox Priority Plan. Although both these plans come with flat Upstox brokerage charges, however, charges and margins across both basic and priority plan vary from each other. Here are the brokerage charges details under both the plans;
Upstox Basic plan charges a flat fee of Rs. 20 per order or 0.05% whichever is lower and offers up to 20X leverage or margin for trading in the cash segment. Upstox brokerage charges for various segments are as follows:
Upstox priority plan is particularly for those traders & investors who want higher-margin exposure. If you are among such traders community who is looking for additional leverage then you must subscribe to the Upstox priority plan. As the plan offers you extra leverage that is up to 25x in the cash segment, therefore, charges a higher flat brokerage fee of Rs. 30 per order or 0.10% whichever is lower.
Benefits
Other charges
Considerations
For complete brokerage charges and trading plans detail please visit Upstox Brokerage Charges.
Here we are comparing Upstox with its 5 close competitors, who are currently market leader in brokerage industry.
Broker | Upstox | Sharekhan | 5paisa | Zerodha | SAMCO |
Service Type | Discount Broker | Full Service Broker | Discount Broker | Discount Broker | Discount Broker |
Brokerage Range | Rs 20 | 0.1 to 0.5% | Rs 20 | Rs 20 | Rs 20 |
Account Type | 3 in 1 | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 |
Equity Delivery | Free | 0.5% or 50 paisa | Flat Fee Rs 20 | Free | 0.2% or Rs 20 whichever is lower |
Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
Equity Futures | Flat Fee Rs 20 | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
Equity Options | Flat Fee Rs 20 | 2.5% of Premium or Rs 250 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Commodity | Flat Fee Rs 20 | 0.1% or 10 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Currency Futures | Flat Fee Rs 20 | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
Currency Options | Flat Fee Rs 20 | 2.5% of Premium or Rs 30 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Rating |
Please refer unique and accurate Upstox Brokerage Calculator
Upstox, India’s leading discount broker offers various account opening services to clients. Let’s check out the types of Upstox accounts that it offers to trade across different financial products.
How to Open Upstox Account?
There are a number of ways to open an account with Upstox online, here are the details;
Upstox Contact Details
Being a technology-led brokerage firm, Upstox offers all kinds of trading platforms whether it is a web-based platform, mobile trading application, desktop trading software, and also provides third-party trading tools such as Dartstock, FoxTrader, etc.
Pro Mobile is the Upstox mobile app that facilitates trading on fingertips by allowing customers to place orders online on their mobile. Upstox app is a single platform to trade-in key segments such as equities, derivatives, commodities, currencies, and mutual funds. The mobile app by Upstox comes with key features like real-time technical charts, price alerts, market watchlist, multiple timeframe charts, advanced orders, access to 10+ years of historical dataset, and others. Whether you are an Android user or iOS user, you can download the Upstox app on your device from the Google play store and App store.
It is the browser-based trading platform that can be used on any supported browser like Chrome, Internet Explorer, etc. on mobile, desktop or laptop. Upstox online or web-based trading platform comes with 100+ technical charting options, personalize watchlist, price alerts, one-click trade, advanced orders, and access to your trade reports i.e. order report, fund transfer reports, etc.
The desktop trading software - named Upstox Nest Trader is particularly useful for high-level traders due to its high-end features such as multi-monitor support, advanced charting, technical indicators, bracket order, cover order, hotkeys, etc.
Apart from the above mobile app, online platform, and trading software, it offers the following 3rd party trading tools;
For detail review of mobile app and download please visit Upstox Trading Platform Review.
Here we are comparing Upstox with its 5 close competitors on Trading Platform.
Broker | Upstox | Sharekhan | 5paisa | Zerodha | SAMCO |
Desktop Windows | Yes | Yes | Yes | Yes | Yes |
Desktop Mac | No | No | No | No | No |
Web Trading | Yes | Yes | Yes | Yes | Yes |
Android Tablet App | Yes | Yes | Yes | Yes | Yes |
Android Mobile App | Yes | Yes | Yes | Yes | Yes |
iPhone App (iOS Mobile App) | Yes | Yes | Yes | Yes | No |
iPad App | Yes | Yes | Yes | Yes | No |
Mobile Site | Yes | Yes | Yes | Yes | Yes |
Upstox is one of the largest brokers in terms of the number of active clients base on NSE. With a large clientele base and the innovative online trading platforms like Pro Web, Pro Mobile app, and partner trading tools such as Fox Trader, Dartstock, etc. it is among the most reliable broker in the industry. Not only that but also it's zero brokerage equity delivery trading, flat Rs. 20 brokerage charges and a high margin with a priority plan are the reasons to open an account with Upstox. The only key setback is that the discount broker doesn’t offer NRI trading services, henceforth, if you’re an Indian trader and want to access the best trading tools for trading at the flat brokerage fee, then Upstox is definitely a great option for you.
If you like what you have read and want to open an trading and demat account with Upstox, leave your contact information with us and we will guide you.
Last updated on 2020-09-17
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Upstox Priority Pack is the monthly subscription package with Upstox to get additional leverage on Intraday trades. It is especially built keeping intraday traders in mind. The monthly subscription is as follows:
The intraday leverage offered with Upstox Priority Pack is as follows:
Upstox margin policy differ for Regular Plan and Priority Plan. The leverage offered in Priority Plan is higher than the Basic / Regular Plan.
Segment |
Basic Plan |
Priority Plan |
NSE/BSE Cash |
15x |
20x |
Index Futures |
3x |
4x |
Stock Futures |
3x |
3x |
Index Option Sell |
3x |
4x |
Stock Option Sell |
3x |
3x |
NSE Currency |
4x |
4x |
MCX Future |
2.5x |
3x |
Segment |
Basic |
Priority |
NSE/BSE Cash |
20x |
25x |
Index Futures |
3x |
4x |
Stock Futures |
3x |
3x |
NSE Option Buy |
1.33x |
2x |
Index Option Sell |
3x |
4x |
Stock Option Sell |
3x |
3x |
NSE Currency |
4x |
5x |
MCX Future |
3x |
4x |
Ratings:
Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average