Headquartered in Mumbai, Upstox is the online discount brokerage firm by RKSV Securities India Private Limited. Started in 2011, Upstox is India’s top discount broking firm specializing in the zero brokerage cost model.
Upstox prides itself as the technology-first low-cost brokerage firm. The cutting-edge trading platform is built in-house by the team of engineers by Upstox. 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 or Rs 30 per order, irrespective of the order volume. Upstox also provides investment services in Mutual Funds. Upstox MF Mutual Fund is a web-based platform to offer mutual fund investment through SIP and lumpsum way of investing.
Upstox is 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. Margin Trading Funding and Margin against shares facilities are offered.
Upstox Pro, the share trading software by Upstox is available for mobile and web versions. It is built on Omnesys NEST Order Management System to make an order placing easy on mobile phones and web browsers. It also offers analysis, charting and many more features same as Zerodha PI and Zerodha Kite.
For online share brokers 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 means of email, phone, and live chat. Upstox Help Center and Learning Center help to learn about the stock market and have answers to most of the trade and account related queries.
In 2016, Upstox launched the 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. The seamless account opening process with Upstox is completely paperless.
Upstox’s 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.
From innovative tools to free trade opportunities to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in the Indian share market.
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 | No |
| MF SIP | No | 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)
Upstox offers two brokerage plans- Basic Plan and Priority Plan. The basic plan has ₹20 or .05% across the board with up to 20x leverage on cash segment and Priority Plan has ₹30 or .1% whichever is lower brokerage charges for all segments with 25x leverage on cash segment. Trading in equity delivery is free in both plans.
This is the main plan of Upstox with maximum ₹20 brokerage across all segments except for equity delivery which is free. It has a lower leverage offer than the priority plan.
Upstox Priority Plan is specially designed for active trade₹looking for additional leverage/exposure at ₹30 or .05 whichever is lower for Equity, F&O and Currency, and Commodity.
Even though equity delivery trading is free but demat transaction charges are high (₹21+ GST) which is applicable while selling the stocks.
Upstox offes two types of account:
Upstox offes Securities Account to trade in Equities, F&O, and Currencies on the NSE and BSE. Mutual Fund investment can also be done using the same account credentials. No separate mutual fund account needs to be open.
Upstox commodity account is required to trade in commodity futures on MCX.
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 | 2 in 1 | 2 in 1 | 2 in 1 | 2 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
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:
Upstox provides terminal-based, web-based and mobile app-based trading platforms to its users. The web and mobile platforms of Upstox are built in-house and are one of the best trading platforms in India specially the mobile app called Upstox Pro Mobile app with unique features of login less.
One of the most reputed trading platform "Omnesys NEST" is official trading terminal for Upstox. This trading terminal is one-stop shop for 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 is the highest rated trading app in India. With more and more people moving towards online trading, Upstox has turned its 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 a computer, laptop or tablet without having to download anything.
Key Features of Upstox Pro are:
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:
Upstox API is a set of rest APIs that provide data required to build a complete investment and trading platform.
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 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 platforms. Upstox's new brokerage plan of free trading in equity for casual traders puts them in the newly emerging category- "Free Broker". Trading platform Upstox Pro is adding more value addition for fast and speedy trading. Leverage offered is comparatively higher than other discount brokers.
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 2020-04-07
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 - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent