UpStox Review 2019

Rated 4.5/5 by Top Share Brokers Team
Upstox Review

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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.

Review Summary

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.


Benefits

  • Equity delivery trading is free.
  • Trading across Equities, Futures, Options, Currencies and Commodities on NSE, BSE and MCX.
  • Upstox offers upto 50% Margin Funding and Rs 50 per scrip for Margin Against Shares.
  • Online paperless Demat Account opening process.
  • Upstox offers partner trading platforms like Dartstock, NEST Trader, Fox Trader.
  • One of the best and most advanced in-house trading platforms in India- Upstox Pro Web and Upstox Pro Mobile.
  • Upstox Amibroker AFL Bridge is a tool to code and executes your trading strategy using the Upstox Pro Web.
  • Upstox offers APIs under two subscription plans- interactive @ Rs 750 per month and Historical @ Rs 500 PM.
  • Upstox Developer Console is a tool to built trading apps for other brokers.
  • Upstox branches available in majority of India cities.
  • After Market Order (AMO), Cover Order and Bracket Order (CO/BO) are available on both web and mobile.
  • OFS orders, BTST orders are available.

Considerations

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • It doesn't provide a facility to online invest in IPO via the Upstox Trading website/app.
  • NRI trading facility is not available anymore.
  • A 3-in-1 account is not available.

Special Offer

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.

Request call back from Upstox

Upstox Investment Options Compare

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

Upstox Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Upstox Account Opening Charges

      »»  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 Brokerage

Upstox offers two brokerage plans- Basic Plan and Priority Plan. The basic plan has ₹20 or .01% across the board with up to 20x leverage on cash segment and Priority Plan has ₹30 or .05% whichever is lower brokerage charges for all segments with 25x leverage on cash segment. Trading in equity delivery is free in both plans.

    Upstox Basic Plan

    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.

    • Equity Delivery Based Trades: ₹0 (free)
    • Equity Intraday Trades: 0.01% or ₹20 per executed order (whichever is lower)
    • Equity Future: 0.01% or ₹20 per executed order (whichever is lower)
    • Equity Options: ₹20 per executed order (irrespective of the turnover)
    • Currency Futures: 0.01% or ₹20 per executed order (whichever is lower)
    • Currency Options: ₹20 per executed order (whichever is lower)
    • Commodity Futures: 0.01% or ₹20 per executed order (whichever is lower)
    • Commodity Options: ₹20 per executed order (whichever is lower)

    Upstox 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.

    • Equity Delivery Based Trades: ₹0(free)
    • Equity Intraday Trades: 0.05% or ₹30 per executed order (whichever is lower)
    • Equity Future: 0.05% or ₹30 per executed order (whichever is lower)
    • Equity Options: ₹30 per executed order (Irrespective of the turnover)
    • Currency Futures and Options: 0.05% or ₹30 per executed order (whichever is lower)
    • Commodity futures and Options: 0.05% or ₹30 per executed order (whichever is lower)

      Benefits

      • No limitation of order size and no hidden charges.
      • Instant Fund Transfer facility using ATOM with 30 banks.
      • No initial margin is required for account opening.
      • For High Margin requirements, you can opt Priority Plan.

      Considerations

      Even though equity delivery trading is free but demat transaction charges are high (₹21+ GST) which is applicable while selling the stocks.

Other Charges

  • Call and Trade feature is available at ₹20 + GST per order placed.
  • ₹20 + GST for squaring off all the intraday open positions by the Upstox RMS team.
  • Demat transaction charges is ₹13 + 5.50 (CDSL Charges) per scrip + tax.
  • ₹50 charges for offe₹for sales (OFS) and buyback/takeover orders.
  • Instant fund transfer using ATOM at a charge of ₹7 per transaction.

Account Type

Upstox offes two types of account:

    Upstox Securities Account (Trading and Demat)

    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

    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.

Upstox with closest competitors

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 10 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 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 0.01% 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Upstox Brokerage Calculator


Upstox Margin Details

  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.

Open Trading and Demat Account with Upstox

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:

  • Fill out the details in the online form here. Click here to fill the Upstox contact form.
  • Website: https://upstox.com
  • Upstox customer care number: +91-22-6130-9999
  • Upstox helpline: +91-22-6130-9999
  • Upstox help desk:+91-22-6130-9999
  • Upstox email: [email protected]
  • Upstox Registered Office: Upstox, 807 New Delhi House, New Delhi 110001
  • Upstox Corporate Office:30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, 400 013

Contact Upstox

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Upstox Trading Platform and Tools

Trading Platforms Rated 4.5/5

    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.

    • NEST Trading terminal (terminal -based)

       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 Web (web-based)

      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:

      • 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 (mobile app- based)

      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 scripts.
      • 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.
    • Other Tools

      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.

Upstox Trading Platform Compare

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

Final thought about Upstox

Rated 4.5/5 by 20 users

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 2019-10-17


Upstox FAQs

  1. 1 .What is the Upstox Priority Pack and how much margin is offered in Priority Pack?

    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:

    • Rs 999 per month + tax for Equities, F&O and currency derivatives (CDS).
    • Rs 499 per month + tax for Commodities segment.

    The intraday leverage offered with Upstox Priority Pack is as follows:

    • 20X Intraday leverage on cash and 25X using CO/OCO/BO.
    • Up to 7X leverage on Index Futures using CO/OCO/BO
    • 2X Intraday leverage on option buy with CO/OCO/BO
    • No exposure margin levied on Index Futures and Options giving you up to 6X leverage.

    Discuss this question

  2. 2 .How much leverage is provided in Upstox Basic Plan and Priority Plan?

    Upstox margin policy differ for Regular Plan and Priority Plan. The leverage offered in Priority Plan is higher than the Basic / Regular Plan.

    Upstox Intraday Orders

    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

    Intraday Orders using CO/OCO/BO

    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

    Discuss this question

Compare 3 Brokers

Compare Upstox

Find out how Upstox stacks up against other brokers

Upstox User Reviews

avatar
28. Pritesh Jani 3/9/2019 4:49:08 PM Reply
They are nothing but cheats. They have taken my money and have flown away. They are nothing but scoundrels. they have caused immense stress to me. Never have any sort of relationship with them
avatar
28.1. Rita 11/17/2019 9:50:40 AM
Yes they are big cheaters
avatar
27. Madhur jain 5/4/2019 9:43:16 PM Reply
A very good broker and new and innovative platform

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
26. Sri 3/24/2019 4:11:55 PM Reply
I am NRI, can I open demat account and trade in NSE
avatar
25. Shalin Gopinathan 3/4/2019 3:01:06 PM Reply
What i Like most about Upstox is its technical features and the website is very good for trading.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
24. RajeevMG Pillai 2/16/2019 5:19:34 PM Reply
Mobile application always down is, order not executed Time to time

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Average
avatar
23. Grace Lily 1/17/2019 2:52:08 PM Reply
NO customer support, very rude answers given by executives over the phone. NO refund for any transaction once done. NOT AT ALL paperless or seamless account opening. Even after e-signing( ADHAAR CARD) the documents asks for KRA to open DMAT and TRADING account, so DO NOT BELIEVE that only PAN card and ADHAAR card is sufficient for opening account with them. So much hassle to open account. You have to follow up continuously with them. Not recommended at all. And FYI account opening DMAT and TRADING) to be paid before even you start application form fill up process. So it seems they only want your money. Remember you will not get your money back at any cost even if they fail to open account for you. So you loose your money and time and no account in your hand.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
22. sekhar kanti das 12/21/2018 10:18:49 PM Reply
have you any back office in kolkata
avatar
22.1. arvind kumar jha 12/24/2018 9:40:06 AM
No branch office in Kolkata, Please use online trading platform and online account process.
avatar
21. bharathi ml 12/16/2018 12:33:08 PM Reply
i like low brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
20. Angrej singh 10/18/2018 2:32:17 PM Reply
Btst allow or not
avatar
20.1. CA Sachin jain 10/19/2018 12:46:20 PM
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.
avatar
19. Mukesh Upadhyay 9/5/2018 10:49:35 AM Reply
Hi i am NRI looking for demat account .
avatar
19.1. SIBY SUNNY THOMAS 10/3/2018 2:03:19 PM
go for something better like zerodha if you are looking for low cost brokerage.

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