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Upstox Review 2022

Rated 4.5 stars Rated 4.5/5 by Top Share Brokers Team
Upstox Review

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Upstox is one of the best discount brokers in India with its flat Rs. 20 brokerage plan, free Demat & Trading Account, and the fastest Upstox Pro online trading platform. The broker charges maximum Rs. 20 brokerage on delivery, intraday, and F&O trading, however, investment in stocks, digital gold, and direct mutual funds are absolutely free with Upstox.

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 2022 - 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

Current offere from Upstox for TopShareBrokers Visitors:

  • Free Upstox Demat & Trading Account
  • Max Rs. 20 per order brokerage on delivery, intraday and F&O trading
  • Free Mutual Funds and IPO Investment
  • Rs 1000 brokerage credit for the first 30 days

Open Instant Free 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 5paisa Zerodha Fyers Paytm Money
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes No
Mutual Funds Yes Yes Yes Yes Yes
MF SIP Yes Yes Yes Yes Yes
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes No No No

Upstox Brokerage Plan, Fees and Charges

Rated 4.5 stars 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 5paisa Zerodha Fyers Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 10
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 Free
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 Rs. 10 or 0.05% whichever is lower
Equity Futures Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower Rs. 10 or 0.02% 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 10
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower NA
Currency Futures Flat Fee Rs 20 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower Rs. 10 or 0.02% whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Rs 20 per order Flat Fee Rs 10
Rating
Rated 4.5 stars
Rated 4 stars Rated 4.5 stars Rated 4 stars Rated 4 stars

Please refer unique and accurate Upstox Brokerage Calculator


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

Open Instant and Online account with Upstox in 15 mins.
Rs 1000 brokerage credit for the first 30 days.
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Alternatives to Upstox

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Upstox Trading Platform and Tools

Rated 4.5 stars 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 5paisa Zerodha Fyers Paytm Money
Desktop Windows Yes Yes Yes Yes No
Desktop Mac No No No No Yes
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 Yes
iPad App Yes Yes Yes Yes Yes
Mobile Site Yes Yes Yes No Yes

Final thought about Upstox

Rated 4.5 stars Rated 4.5/5 by 12 users

With 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 an intraday trader then Upstox is definitely the right choice for you to enjoy low-cost online trading benefits while beginners can learn about the stock market on the Upstox Learning center. However, if you are an investor then Zerodha is the best broker who offers free delivery trading at zero brokerage.

Request call back from Upstox

Last updated on: 2022-01-03



Upstox FAQs

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.

 

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.

 

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.

 

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.

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.

 

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.

 

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.

 

Yes, Upstox is a legit and 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.

 

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.

 

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.

 

Compare Upstox

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Upstox User Reviews

avatar
39. Ananya Oct 22 2021 08:48:04 PM Reply
Worst brokerage ever. Tried to buy a small case using Upstox account, could not do it because of software issues from Upstox team. Still issue is not resolved.

Pathetic customer care service, they hardly ever replies. Everytime I was told that technical people will get back, none did.

I do believe the customer service must be extremely busy because of all the software glitches. Just one week of using Upstox and am fed up with the product and their team. I have had continuous issues with the software. Not a good product, those who are planning to start with a discount broker please stay away from Upstox.
avatar
38. shaliesh kumar Sep 02 2021 02:26:35 PM Reply
hi
avatar
37. Pritesh Jani Mar 09 2019 04:49:08 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 Nov 17 2019 09:50:40 AM
Yes they are big cheaters
avatar
37.2. Polur Ramesh Aug 11 2021 04:53:10 PM
What happened to you.please explain me in details.You can reach me at 7569878483
avatar
36. Shridhar Dakare Jan 07 2021 08:53:21 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 Nov 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 Aug 23 2020 01:54:30 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 Aug 23 2020 01:51:02 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 Jun 16 2020 03:06:56 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 Jun 01 2020 08:44:36 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 May 21 2020 09:18:49 PM Reply
Any of your office located in kerala?If yes kindly send me details