Upstox(RKSV) Review - A Discount Share Broker India 2018

Last Updated - 2018-12-04

Rated 4.5/5 based on 53 customer reviews

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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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Upstox (RKSV) Review - 2018

    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. 


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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


  • 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.


  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

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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
Please refer unique and accurate Upstox (RKSV) Brokerage Calculator

Upstox (RKSV) Brokerage Charges - 2018

    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.


    Upstox Brokerage Plan

    • Equity Delivery Based Trades: Rs 0 (Free)
    • Equity Intraday Trades: 0.01% or Rs.20 per executed order (Whichever is lower)
    • Equity Future: 0.01% or Rs.20 per executed order (Whichever is lower)/li>
    • Equity Options: Rs 20 per executed order (Irrespective of the Turnover)
    • Currency Futures and Options: 0.01% or Rs.20 per executed order (Whichever is lower)
    • Commodity Futures: 0.01% or Rs.20 per executed order (Whichever is lower)

    Account Opening 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 an 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 apply 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.

    For complete brokerage charges and trading plans detail please visit Upstox (RKSV) Brokerage Charges.

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Upstox (RKSV) Brokerage Charges - Max Rs 20 Per Order Plan
Brokerage Plan Max Rs 20 Per Order Plan
Flat Fee NA
Equity Delivery Free
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

Margin With Upstox (RKSV)

  1. Upstox Margin for NSE Cash/BSE Cash -Upstox offers up to 20X for the stock listed in F&O, up to 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 up to 20x.
  2. Upstox Margin for Equity Futures - Upstox offer up to 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 up to 4X leverage for all selling options.
  5. Upstox Margin for Currency Futures - Upstox offer up to 4X leverage for MIS/CO and BO orders.
  6. Upstox Margin for Commodity - Upstox Offer up to 3X margin in Non Agri commodities with CO orders and 2.5x for MIS orders.

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:

Upstox NRI Account

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.

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Upstox (RKSV) Web, Mobile app and Desktop base trading platform - 2018

    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.

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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

Upstox (RKSV) Product and Services Features

Upstox (RKSV) - 3 in 1 Account help
Upstox (RKSV) - Multiple Plans help
Upstox (RKSV) - Monthly Plan help
Upstox (RKSV) - Yearly Plan help
Upstox (RKSV) - Portfolio help
Upstox (RKSV) - Charting help
Upstox (RKSV) - Automated Trading help
Upstox (RKSV) - AMO Order help
Upstox (RKSV) - Allow GTC Order help
Upstox (RKSV) - SMS Alerts help
Upstox (RKSV) - Margin Trade Funding help
Combined Ledger for Equity and Commodityhelp
Upstox (RKSV) - NRI Trading help

Offering of Investments by Upstox (RKSV)

Upstox (RKSV) - Equity Cash and F&O help
Upstox (RKSV) - Currency F&O help
Upstox (RKSV) - Commodity Trading help
Upstox (RKSV) - Mutual Funds help
Upstox (RKSV) - ETF help
Upstox (RKSV) - Online IPO help
Upstox (RKSV) - Bonds Investment help
Upstox (RKSV) - Debt Investment help
Upstox (RKSV) - Banking Service help
Upstox (RKSV) - Insurance Service help
Upstox (RKSV) - MF SIP Investment help

Upstox (RKSV) Trading Platforms & Tools Options

Upstox (RKSV) - Desktop Platform (Windows) help
Upstox (RKSV) - Desktop Platform (Mac) help
Upstox (RKSV) - Web Platform help
Upstox (RKSV) - Stock Alerts via Email help
Upstox (RKSV) - Stock Alerts via SMS help
Upstox (RKSV) - Virtual Trading help
Upstox (RKSV) - Watch-lists, streaming real-time quotes help
Upstox (RKSV) - Mobile App help
Upstox (RKSV) - Android Tablet App help
Upstox (RKSV) - Android App help
Upstox (RKSV) - iPhone App help
Upstox (RKSV) - iPad App help
Upstox (RKSV) - Mobile Trading Site help

Customer Service Offered by Upstox (RKSV)

Upstox (RKSV) - Phone Support help
Upstox (RKSV) - Toll Free Number help
Upstox (RKSV) - Email Support help
Upstox (RKSV) - Branch Offices help
Upstox (RKSV) - Live Chat help
Upstox (RKSV) - 24/7 Support help

Upstox (RKSV) Research and Market Reports

Upstox (RKSV) - Daily Market Report help
Upstox (RKSV) - Free Tips help
Upstox (RKSV) - Quarterly Results help
Upstox (RKSV) - New Alerts help
Upstox (RKSV) - Mutual Funds Research help
Upstox (RKSV) - Research Equity Reports help
Upstox (RKSV) - ETF Research help

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.

Compare Upstox (RKSV)

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Upstox (RKSV) User Reviews

20. tanmaysrivastava  Sep 5, 2018 9:47:12 AM IST Reply
need to open demat account
19. Angrej singh  Oct 18, 2018 1:32:17 PM IST Reply
Btst allow or not
19.1. CA Sachin jain  Oct 19, 2018 11:46:20 AM IST
Yes, BTST Orders are allowed with Upstox, you can do BTST (Buy Today and Sell Tomorrow) trades with Upstox. There is potential risk attached with that in case there is settlement issue with your first delivery, you need to pay exchange penalty.
BTST trades are considered Delivery order, you need 100% margin for BTST like CNC order, as delivery trading is free with Upstox, so your BTST orders are part of free trade.
STBT (Sell Today and Buy Tomorrow) or short selling is not allowed in India Trading market, so Upstox as a broker doesn’t allow STBT. Short selling is allowed only for Intraday Trades.
18. Mukesh Upadhyay  Sep 5, 2018 9:49:35 AM IST Reply
Hi i am NRI looking for demat account .
18.1. SIBY SUNNY THOMAS  Oct 3, 2018 1:03:19 PM IST
go for something better like zerodha if you are looking for low cost brokerage.
17. SIBY SUNNY THOMAS  Oct 3, 2018 1:01:03 PM IST Reply
Worst customer service & order execution. Even the web application of Upstox is often slow at times.


Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
16. Siby S Thomas  Oct 3, 2018 12:59:26 PM IST Reply
Worst customer service provided by UPSTOX. Trade execution is also bad.
15. Mohd Amjad  Sep 2, 2018 7:42:31 PM IST Reply
Deceptive, Unauthorized debits and NO REFUND, debit for FREEDOM PLAN which does not exist as per company policy 2018, but NO REFUND. Cust. ID 220133

Doubtful one day all my capital would be debited without my permission/authorization and simple answer would be NO REFUND. NO INTEGRITY
14. Varun Mahajan  Jul 25, 2018 1:36:58 AM IST Reply
Cheap brokerage and good service


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
13. amrit  Jun 30, 2018 3:28:28 PM IST Reply
zerodha pi is hang and hang all the there any problem with nest??
12. Raj Kumar  Apr 17, 2018 2:24:59 PM IST Reply
Worst customer care service. No quality. information one agent to another will differ


Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
12.1. akash  Apr 18, 2018 5:00:06 PM IST
are you sure sir, i plan to open a account here, as per your thoughts which is best discounted brokerage firm
11. mukul chandran  Mar 22, 2018 10:46:49 PM IST Reply
great platform. quick to open account. chat support is very fast


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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