One of the best discount brokers in India 2022 with ₹20 flat brokerage charges, free mutual fund investment, fantastic Upstox pro trading platform in web and app versions, and reliable customer service.
Upstox is a part of RKSV Securities backed by marquee investors like Ratan Tata, Tiger Global, and Kalaari Capital is one of the cheapest low-cost discount brokers in India. Upstox charges a lower of Rs. 20 per order or 0.05% brokerage on equity intraday, equity futures, commodity futures, currency futures trading, and options trading on BSE, NSE, and MCX charged with flat Rs. 20 per order brokerage. The broker charges Rs. 20 per order or 2.5%, whichever is lower on delivery trading.
The discount broker offers one of the finest online trading platforms; Upstox Pro App and Pro web built with Omnisys Nest OMS and Omnesys Nest RMS. Upstox Pro mobile app has a state-of-the-art charting feature, 250+ technical indicators, 10 years of price history, a pre-IPO apply feature, a free and hassle-free fund transfer process, and safe & secure Upstox Pro login with 2-factor authentication. It also has a guest login facility on the pro app that allows new users to access the mobile app features even before opening the Upstox Demat Account.
The page provides an unbiased and genuine Upstox Review 2022 of its brokerage charges, Demat & Trading account opening fee, Upstox account opening process, and Upstox Pro web and app trading platform features review.
Current offere from Upstox for TopShareBrokers Visitors:
Upstox is one of the cost-effective discount brokers that offer a flat or fixed brokerage pricing model at Rs. 20 per executed order. It charges a flat brokerage fee of Rs. 20 or 0.05% whichever is lower on equity intraday, equity futures, commodity futures & options, and currency futures & options, and a lower of Rs. 20/order or 2.5% on equity delivery trading.
|Trading Account Opening Charges:||Promotion offer: Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
Here we are comparing Upstox with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 15|
|Account Type||3 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
|Equity Delivery||2.5% or Rs 20 whichever is lower||Flat Fee Rs 20||Free||Free||2.5% or Rs 15 whichever is lower|
|Equity Intraday||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||0.05% or Rs 15 whichever is lower|
|Equity Futures||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||0.02% or Rs 15 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order||Flat Fee Rs 15 per order|
|Commodity||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||NA|
|Currency Futures||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order||NA|
Upstox is a registered CDSL Depository participant to offer Demat account services to customers. You can open a Free Upstox Demat Account at zero account opening charges and start online trading on BSE, NSE, and MCX. Upstox Demat account is a single place to keep all your securities and mutual funds at one place. Upstox 2-in-1 (trading + 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 through partnering with IndusInd Bank offers 3-in-1 account opening facility. Upstox 3-in-1 (Demat + Trading + IndusInd Bank A/c) bundled in one single account offers seamless trading and investment experience with a bank security and hassle-free fund transfer process. Opening a 3-in-1 account with Upstox serves the following benefits;
Upstox is a registered MCX member, and of you want to start commodity trading then you must open Upstox Commodity Trading Account. Upstox charges a lower of Rs. 20 per order or 0.05% on commodity futures trading and flat or fixed Rs. 20 brokerage on commodity options trading.
If you have opened a trading and Demat account in Upstox then you can invest in direct mutual funds for free at zero commission. Upstox Pro App and Website are the mutual fund investment platform that allows customers to invest in direct mutual funds. You can invest lumpsum or start SIP in 2,500+ mutual funds of 28+ AMCs across equity, debt, and hybrid asset class.
Upstox offers a 100% paperless and hassle-free account opening process that just requires your PAN + Aadhaar card + eKYC only. You can open a Upstox account through the Pro mobile app or website. Users can open a Upstox account online in just 10 minutes and it will get activated within 24 hours.
Upstox discount brokerage house has one of the best trading platforms in web and mobile app versions. Upstox Pro platform is built with Omnesys Nest OMS (Order Management System) and RMS (Risk Management System).
Upstox Pro app is an all-in-one mobile trading application to place orders across equity, F&O, commodity, and currency segments simply using your mobile phone. Upstox app is free to use mobile trading app for all Upstox customers. Real-time technical charting, multiple-chart view, 100+ charts, and 250+ technical indicators with ChartIQ, 10+ years of historical data, multiple customizable watchlists, watchlist widget, price alerts, and instant UPI-based fund transfer are the most attractive features and made it the best mobile trading app in India. The easy-to-use Upstox App can be downloaded on Android and iOS devices from the Play Store and the App Store.
Pro web is Upstox web-based HTML 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 charting libraries, powerful charting, 100+ technical indicators, Bracket orders & cover order, and download trade reports, fund transfer report, etc.
Upstox developer API allows customers to build their own front-end trading platform using Python and Node JS languages. Interactive API offers access to real-time updates, order placement, positions, holdings, etc. whereas its Historical API offers access to OHLC (Open, High, Low, and Close) data for different intervals from 1 min to 1 month. It is to be noted that Upstox API is not available to new customers, which means only closed-group users can access the API services.
For detail review of mobile app and download please visit Upstox Trading Platform Review.
You can access Upstox customer services over email, helpline number, chat, and web support via raising a ticket online. It also has a dedicated account opening service desk for existing as well as new customers. Upstox help center resolves customer queries on various aspects like account opening, API, brokerage charges, global investment, pro web, and app platform usage, etc.
Upstox has established a strong foothold in the Indian discount brokerage space with 10+ years of operating history and 50 Lakh + active users. Its Rs. 20 flat brokerage prices on intraday and F&O trades along with a advanced Pro trading platform with quick order placement and faster trade execution made Upstox an excellent broker for intraday traders. However, if you only trade in delivery segments (CNC, Cash N Carry) then you should open an account with Zerodha which offers free delivery trading while Upstox charges a lower of Rs. 20 per order or 0.05% brokerage charges on delivery.
Last updated on: 2022-06-06
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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;
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. To buy shares in Upstox, follow the steps mentioned below.
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;
CO stands for Cover order is actually a buy or sell 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.
UPSTOX is India's one of the largest broking firms having the highest number of active clients. Over the years, it has gained customers’ trust by providing pleasant service with an excellent platform. There are a few compelling reasons why it is safe to trade through Upstox.
You can check the details of the brokerage charges of Upstox here below;
No, Upstox offers a free demat account at zero account opening charges and a lifetime Zero Demat AMC fee on maintenance of demat account. You can open Upstox account for free and start trading in equity, derivatives, commodity, currency at Max Rs. 20 per order brokerage charges.
Yes, of course, UPSTOX can be trusted. It has gained the trust of its customers immensely since its inception. There are a few compelling reasons why it is very safe to trade through Upstox.
UPSTOX (RKSV Securities Pvt. Ltd) was founded by two brothers Ravi Kumar, and Raghu Kumar, and their friend Shrini Viswanath in the year 2009. It started when discount brokers were not much popular in India. The low-cost discount broker is funded by Ratan Tata, Kalaari Capital, and GVK Davix.
Upstox provides a free account opening facility and also does not charge any maintenance fee. It further offers free direct mutual fund investment, however, trading in equity delivery, equity intraday, and futures & options trading is charged at a max Rs. 20 per executed order brokerage. Customers also have to pay Demat debit charges, turnover charges, and government taxes.
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