Upstox Review 2021

Rated 4.5/5 by Top Share Brokers Team
Upstox Review

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Upstox is a low-cost discount broker in India that offers maximum Rs. 20 brokerage on delivery, intraday, and F&O trading, however, investment in stocks, digital gold, and direct mutual funds is absolutely free with Upstox. Open free Upstox Demat & Trading account and start online trading in equity, futures & options, commodity, and currency segments.

Upstox Pro (web and mobile app) is an all-in-one platform to trade on multiple exchanges i.e. BSE, NSE, and MCX. The platform is designed with Omnisys Nest OMS and Omnesys Nest RMS. Powerful charting, unlimited market watchlists, free fund transfer, 10+ years of historical data, price alerts, and guest login, are the top-notch features available on the Upstox Pro App. It further offers third-party platforms like Dartstock, Fox Trader, Nest Trader, etc.

The broker offers customer support services over e-mail, telephone, chat, and web assistance. Upstox Help Center is a great platform to resolve customer queries regarding different aspects i.e. account opening, API, brokerage charges, global investment, pro web, and app platform usage, etc.

Upstox Review 2021 - Quick Summary

Upstox is the best broker in India offering delivery, intraday, F&O, commodity, and currency trading at Max Rs. 20/per order brokerage through Pro web and Pro mobile app.

Note: Equity delivery trading charges are applicable to new customers only who have opened Upstox account after 15th August 2021, old customers will still enjoy the benefits of free equity delivery trading.


Benefits

  • Huge product portfolio i.e. equity, derivatives, commodity, currency, IPO, MF, and digital gold.
  • Online 100% paperless account opening services.
  • Free Upstox Demat & Trading Account at zero account opening charges.
  • Free investing in digital gold, and direct mutual funds.
  • Maximum Rs. 20 flat brokerage online trading in intraday, equity delivery, and futures & options segment.
  • Open Upstox IndusInd Bank 3-in-1 account.
  • Upstox Global Investment Account to invest in 60+ exchanges across 25 countries.
  • Upstox Pro flagship trading platform in web and app versions.
  • Third-party trading platforms like Algo Lab, Dartstock, Fox Trader, Nest Trader, etc.
  • TradingView and Chart IQ chart settings.
  • Advanced orders like bracket order (BO), cover order (CO), and aftermarket order (AMO).
  • Backed by leading investors like Ratan Tata, Kalaari Capital, and GVK Davix.
  • Get Upstox Developer API to design a front-end trading platform.

Considerations

  • Call & trade services are not free, charged at Rs. 20 per call.
  • Stock market trading tips and recommendations are not available.
  • Upstox doesn’t offer NRI trading services.
  • 24*7 customer service is unavailable.

Special Offer

Free Upstox Demat & Trading Account, and Max Rs. 20 per order brokerage on delivery, intraday and F&O trading.

Open Instant Upstox Account Now!

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 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

Upstox Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Upstox Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA (Waived for 1st year)

Upstox Brokerage

Upstox offers Rs. 20 flat brokerage plan for customers to trade in various segments. Here are the segment-wise brokerage charges details;

Segment Brokerage
Equity Delivery 2.5% or Rs. 20 whichever is lower
Equity Intraday (MIS) 0.05% or flat ₹20 per executed order, whichever is lower
Equity Futures 0.05% or flat ₹20 per executed order, whichever is lower
Equity Options Flat ₹20 per executed order
Commodity futures 0.05% or flat ₹20 per executed order, whichever is lower
Commodity Options Flat ₹20 per executed order
Currency futures 0.05% or flat ₹20 per executed order, whichever is lower
Currency options Flat ₹20 per executed order
IPO Free
Direct Mutual Funds Free or zero brokerage
Digital Gold Free

Other charges:

  • Call & trade charges: Rs. 20 per order
  • DP charges: Rs. 13 + 5.5 CDSL charges
  • Auto square off charges: Rs. 20 per order
Upstox Pros Upstox Cons
  • Maximum Rs. 20 flat brokerage charges.
  • Rs. 99 fee is charged on Upstox account opening.
  • No monthly plans.
  • Upstox doesn not offer a percentage brokerage plan.

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 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery 2.5% or Rs 20 whichever is lower 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 Margin Details

Segment Margin
Equity Delivery 1x (No Margin)
Equity Intraday (MIS) 5x|Bracket order: 5x| Cover order: 5x
Equity Futures 2x| Bracket order: 2x| Cover order: 2x
Equity Options 2x
Commodity futures 2x| Bracket order: 2x| Cover order: 2x
Currency futures 2x
Currency options 2x

Open Trading and Demat Account with Upstox

Upstox offers 2-in-1 (Demat + Trading) and 3-in-1 (Demat + Trading + IndusInd Bank A/c) opening facility to customers. Here are the details of Upstox account;

Upstox Demat & Trading Account

    Upstox is a registered CDSL Depository participant to offer Demat account services to customers. You can open Free Upstox Demat & Trading Account at zero account opening charges and start online trading on BSE, NSE, and MCX. Upstox 2-in-1 means trading and Demat account are interlinked wherein all the buy and sell orders are placed through trading account and the securities are transferred and credited into your Demat account.

Upstox 3-in-1 Account

Upstox with IndusInd Bank offers Upstox 3-in-1 account (Demat + Trading + Bank A/c) bundled in one single account to offer seamless trading and investment experience with a bank security. Opening a 3-in-1 account with Upstox drives a number of benefits

  • No minimum balance requirements.
  • Smart fund transfer facility.
  • Earn interest on fund balance.
  • Free call & trade upto 10 call limit.

Know more about Upstox IndusInd Bank 3-in-1 Account

Upstox Commodity Trading Account

    If you want to trade in the commodity then you must open a Upstox Commodity Trading Account to start online trading on MCX. Upstox offers commodity futures & options trading at just Rs. 20 per executed order brokerage over the Pro flagship trading platform.

Upstox Mutual Fund Account

    If you have opened a trading and Demat account in Upstox then you can invest in direct mutual funds of 28+ AMCs for free at zero commission without opening Upstox Mutual Fund Account. Pro App and Web is the Upstox mutual fund investment platform that allow customers to invest in direct mutual funds.

How to Open Upstox Account?

Contact Upstox

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Upstox Trading Platform and Tools

Trading Platforms Rated 4.5/5

    Upstox tech-discount brokerage firm offers Omnesys Nest OMS (Order Management System) and RMS (Risk Management System) built Upstox Pro trading platform to customers.

    Upstox Pro Mobile App

      Upstox Pro app is an all-in-one mobile trading application to place orders across equity, F&O, commodity, and currency simply over the phone. The App can be installed on Android and iOS devices from the Play Store and the App Store. Real-time technical charting, multiple-chart view settings, 10+ years of historical data, multiple customizable watchlists, are the features offered on the Upstox app.

    Upstox Pro Web

      Pro web is a web-based trading platform that runs on any browser i.e. Chrome, Safari, Internet Explorer, etc. Mobile, desktop, and laptop users can simply log in to their Upstox account on the Pro web platform and access a number of features like unlimited watchlists, one-click trade, TradingView, and ChartIQ charts, 100+ technical indicators, and download trade reports, fund transfer report, etc.

    Upstox Developer API

    Developers can get Upstox API to build their own customized front-end trading platform as per their requirements.

    Upstox API charges

    • Interactive API: Rs. 750/ month
    • Historical API: 500/month

    Upstox further offers many 3rd party trading platforms, described here as under;

    Dartstock

    Dartstock is offered through collaboration with iDarts. This is an installable trading software that offers charting features, trend scanners, scrip analyzer, etc.

    Nest Trader

    This desktop trading software is offered by Thomson Reuters that offers advanced charting features, 60+ technical indicators, advanced order placement facility, etc.

    Fox Trader

    This is a 3rd-party Algo trading software that provides features like backtesting, multiple charting, technical indicators, and more.

    Algo Lab

    Upstox traders can integrate Amibroker AFL with Upstox Pro to place orders directly through the Algo Lab platform. The platform is available in the Market Data feed and Interactive plan.

    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 12 users

With a 10+ years of experience, Upstox becomes one of the largest discount brokers in India serving an active clientele base of 20 Lakh+ customers. Free Demat & Trading account with equity delivery, intraday, and F&O trading at maximum Rs. 20 flat brokerage, and free IPO, MF, and digital gold investment on the Pro app and web platform are the reasons to choose Upstox broker. If you are a beginner then Upstox is definitely the right choice for you to enjoy low-cost online trading benefits and learn about the stock market on the Upstox Learning center.

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 2021-08-24



Upstox FAQs

  1. 1. Is Upstox good for beginners?

    Yes, if you are a beginner then you can open an account with Upstox and start online trading at a maximum Rs. 20 per order brokerage. There are multiple reasons to trade with Upstox as follows;

    • Flat Rs. 20 per order brokerage charges across segments.
    • Zero brokerage investment in direct MF and digital gold.
    • One single Upstox Pro (Web and mobile app) online trading platform for all trading requirements.
    • A well-established brand presence with 10+ years of experience.
    • Upstox Learning center for beginners to learn about trading and investment.

     

     

  2. 2. How to buy shares in Upstox?

    Upstox offers online trading in stocks on the Pro web and Android and iOS Pro app platform. You just need to login to the Upstox Pro platform and then can start trading in your favorite shares.

    Steps to buy shares in Upstox App;

    • Install the Upstox Pro app on your mobile phone.
    • Enter client and password to log in to your account.
    • Search and add stock/s in the watchlist.
    • Click on the “Buy” option respective to the stock name.
    • Now, enter details like quantity, price and submit the order to buy shares.

     

     

  3. 3. How to trade in Upstox?

    Upstox provides online trading on its Upstox Pro web and mobile app-based trading platforms. To start trading with Upstox, it only requires customers to open a trading and Demat account. Here is the process;

    1. Open Upstox Demat and Trading account.
    2. Log in to the Upstox Pro Web or app using account credentials.
    3. Add your favorite scrip to the watchlist.
    4. Place buy or sell order of your choice and start online trading.

     

     

  4. 4. What is CO and OCO in Upstox?

    CO stands for Cover order that is actually a buy or sells order with a compulsory stop-loss order. However, OCO means One cancels other order is a bracket order or 3 legged orders of buying or sell limit orders, target profit order, and stop-loss order, in which, execution of one order automatically cancels the other order.

     

  5. 5. Is Upstox safe for trading?

    Upstox is one of the country’s largest and safest brokers for trading due to the following reasons;

    • SEBI, BSE, NSE, MCX, and CDSL registered discount broker.
    • A strong clientele base.
    • A decade of experience in the Indian broking industry.
    • Backed by Ratan Tata, Tiger Global, Kalaari capital, and GVK Davix.
    • No proprietary trading and margin funding services.

     

     

  6. 6. How much does Upstox Charges?

    Upstox charges flat Rs. 20 per order brokerage charges on trading in different segments. The broker charges Rs. 20 or 0.05% whichever is lower on intraday trading, futures & options, commodities, and currencies, however, offers free equity delivery trading means investing in stocks with Upstox is free. It further offers zero brokerage investment in direct mutual funds and digital gold.

     

     

  7. 7. Does Upstox charges monthly?

    Yes, although Upstox offers a free Demat account, however, its Demat AMC fee of Rs. 300 is charged on monthly basis. The discount broker charges Rs. 25 maintenance charges + GST at the end of every month. The fee will be automatically debited from the client’s trading account.

     

     

  8. 8. Can Upstox be trusted?

    Yes, Upstox is a trustworthy discount broker because it has registration with BSE and NSE Stock exchanges, MCX commodity exchange, SEBI market regulatory authority, and CDSL. With a presence in the discount broking space for 10+ years, the broker has built a 21 lakh+ strong customer base with around 12% market share.

     

     

  9. 9. Who owns Upstox?

    Upstox is owned by RKSV Securities, founded by co-owners Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath. It was initially established as a proprietary trading firm in 2008 and later, entered into the retail brokerage industry. The low-cost discount broker is funded by Ratan Tata, Kalaari Capital, and GVK Davix.

     

     

  10. 10. Is Upstox free?

    Upstox offers free direct mutual fund investment, however, trading in equity delivery, equity intraday, and futures & options trading is charged at max Rs. 20 per executed order brokerage. Customers also have to pay Demat debit charges, turnover charges, and government taxes.

     

     

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Upstox User Reviews

avatar
38. shaliesh kumar 9/2/2021 2:26:35 PM Reply
hi
avatar
37. 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
37.1. Rita 11/17/2019 9:50:40 AM
Yes they are big cheaters
avatar
37.2. Polur Ramesh 8/11/2021 4:53:10 PM
What happened to you.please explain me in details.You can reach me at 7569878483
avatar
36. Shridhar Dakare 1/7/2021 8:53:21 PM Reply
above average

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
35. ravi raj yadav 11/21/2020 10:00:57 PM Reply
CLEAN PLATFORM , CLEAR CHARGES

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
34. omprakash bhandekar 8/23/2020 1:54:30 PM Reply
My UPSTOX id 240027
8446924365
Omprakash Bhandekar
Upstox broker provide referral program
After then I referred two account
But upstox is not responding and paying my two referral account''s payments
Upstox Email
Is mail.id
Please do needful in my matter
Advocate o j Bhandekar (paithan) 8446924375
avatar
33. omprakash bhandekar 8/23/2020 1:51:02 PM Reply
My id 240027
Name omprakash Bhandekar
8446924365
Despite many tickets 89 and mails 100
For activate my account but upstox fail
So please provide account closer procedure to me
Remaining referral amount and funds keep WITH you
Which is useful to upstox for future time
Please close my account no 240027 and keep my money/fund and referral amount which came me in two days
And also keep my two referral payments of shevtekar ajay ashok
Misal Prasad Sanjay
Thanks
Close my account
Omprakash Bhandekar
Paithan
avatar
32. Sourav 6/16/2020 3:06:56 AM Reply
It''s best platform to treading

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
31. Naman Bansal 6/1/2020 8:44:36 AM Reply
Very convenient application

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
30. Easo Philip 5/21/2020 9:18:49 PM Reply
Any of your office located in kerala?If yes kindly send me details
avatar
29. Jairaj lohar 5/18/2020 9:16:23 PM Reply
I am trying to open up the account for past 3 weeks but the same is not happening due to poor customer service support.... everytime I was told that technical people will get back but none called....and they have also deducted the charges for opening the account...very much unsatisfied...

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor






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