UpStox Review 2019

Rated 4.5/5 by Top Share Brokers Team
Upstox Review

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Upstox, the online discount brokerage firm by RKSV Securities India Private Limited, 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. The seamless account opening process with Upstox is completely paperless and FREE.

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.

When compared to other discount brokers like Zerodha, Upstox is competitive but lacking behind in growth diary. The company started its partner model in 2017.

Review Summary

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.


Benefits

  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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Considerations

  • 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.

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 Equity/ Rs 150 Commodity
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Rs 150
      »»  Demat Account AMC: Rs 150 PA (Waived for 1st year)

Upstox Brokerage

Upstox's brokerage plan is simple and attractive, competing neck to neck with Zerodha, 5paisa, Fyers and SAMCO. Trade in Equity Delivery is completely free and for all other segments, you have to pay Max Rs 20 per order executed.

Upstox also offer a advance 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 leverage/exposure.

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.

Upstox unlimited brokerage plan or Upstox monthly plan - In initial phase Upstox introduced a Monthly Brokerage plan with unlimited trading. This plan has been decommissioned and now company offer only 2 fee plans - Upstox Base and Upstox Priority 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 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

Upstox NRI Account

NRIs 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, invest 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 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 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.

    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

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 open an trading and demat account with Upstox, leave your contact information with us and we will guide you.


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Upstox User Reviews

avatar
28. Madhur jain May 4, 2019 8:43:16 PM IST 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
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27. Sri Mar 24, 2019 3:11:55 PM IST Reply
I am NRI, can I open demat account and trade in NSE
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26. Pritesh Jani Mar 9, 2019 3:49:08 PM IST 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
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25. Shalin Gopinathan Mar 4, 2019 2:01:06 PM IST 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 Feb 16, 2019 4:19:34 PM IST 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 Jan 17, 2019 1:52:08 PM IST 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 Dec 21, 2018 9:18:49 PM IST Reply
have you any back office in kolkata
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22.1. arvind kumar jha Dec 24, 2018 8:40:06 AM IST
No branch office in Kolkata, Please use online trading platform and online account process.
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21. bharathi ml Dec 16, 2018 11:33:08 AM IST Reply
i like low brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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20. Angrej singh Oct 18, 2018 1:32:17 PM IST Reply
Btst allow or not
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20.1. 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.
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19. Mukesh Upadhyay Sep 5, 2018 9:49:35 AM IST Reply
Hi i am NRI looking for demat account .
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19.1. 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.

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