Upstox Review

Rated 4.5/5 by Top Share Brokers Team
Upstox Review

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Incorporated in 2011, Upstox (earlier known as RKSV Securities India Private Limited) is one of the best discount brokers in India due to its low-cost brokerage charges, advanced technology Upstox trading platforms & tools, and access to multiple investment products. The Mumbai-based discount broker is a registered member of NSE, BSE, and MCX to offer trading and investment in a variety of products including equity, futures & options, commodities, and currency segment. Apart from this, Upstox provides mutual funds investment platform to facilitate clients undertaking MF investment. It is also a registered DP with CDSL and NSDL to provide Upstox Demat Account opening facility to customers. Earlier, the brokerage firm was only offering a 2-in-1 account but now through a tie-up with IndusInd bank, it offers Upstox 3-in-1 account, also called IndusStox 3-in-1 account.

The technology-led discount broker offers world-class platforms for trading. Upstox trading platforms such as Upstox Pro Mobile (mobile app) and Upstox Pro Web (web-based trading platform) comes with a lot of features such as trading on multiple exchanges, advanced charting, technical analysis, user-friendly interface, and others. Even not just that, it further offers various trading tools such as Upstox Nest Trader trading software, Dartstock, Fox trader, Upstox Algo Lab, etc. to facilitate traders & investors. Its trading platforms are designed using Omnisys NEST OMS and Omnisys NEST RMS.

On the brokerage front, Upstox may be one of the preferred brokers among people because it offers free delivery trading and charges flat brokerage fee across segments. It has two brokerage plans – Basic and Priority wherein Upstox basic brokerage plan charges Rs. 20 per order brokerage whereas Upstox priority plan charges a flat fee of Rs. 30 per order for trading in other segments.

In today’s era, customer service is the key concern of people and the Upstox discount brokerage house provides customer service support through all the possible channels or routes i.e. email, telephonic, mobile, chat, and web assistance. Upstox Help Center and Upstox Learning Center also assist clients to get free assistance or learning on various stock market aspects. Upstox broker also offers other services such as margin trading, high margin under priority plan, advanced orders – bracket order and cover order, partner, refer & earn, call & trade, etc. so that customers can avail all the services under one roof.

Upstox Review 2020 - Quick Summary

Upstox is among the cheapest brokerage houses with its Free delivery trading and flat Rs. 20 brokerage charges across other segments, and also provides the best technology trading platforms i.e. Upstox Pro Web, Upstox Pro Mobile, Nest Trader.


Benefits

  • All kinds of products such as equity, futures & options, commodity, currency, IPO, and mutual funds.
  • Lifetime free delivery trading with Upstox.
  • Flat brokerage model: Rs. 20 per order brokerage charges under basic plan and Rs. 30 per order under priority plan for trading in all segments such as equity intraday, futures & options, commodity, and currency.
  • Fast and hassle-free online account opening process.
  • High margin exposure with Upstox Priority Plan.
  • Upstox 3-in-1 account: Upstox after joining hands with IndusInd bank started offering IndusStox 3-in-1 account
  • World-class trading platforms: Upstox Pro Mobile, Upstox Pro Web, and Nest Trader are the best online trading platforms.
  • Best trading tools: Upstox further offers many trading tools such as Dartstock, Fox Trader, Options Strategy Builder, and Order Generator.
  • Global investment: Unlike Zerodha, Upstox allows global investment across 60+ exchanges in more than 25 countries.
  • Upstox 3-in-1 account offers you the opportunity to earn interest on funds allocated from your trading account for the purpose of trading.
  • Upstox Algo Lab integrates Upstox with Amibroker bridge and available in interactive and market data feed plans.
  • Upstox with Tradingview charting provides users access to the best charting software and enables them to view charts with a multi-timeframe setting.
  • Availability of margin trading facility with Upstox.
  • Get Upstox API with Upstox developer to design a trading platform as per your own need.
  • Upstox Referral plan offers you the advantage of Upstox brokerage credit, free Upstox account opening, and others.

Considerations

  • Upstox doesn’t offer free call & trade facility and charges Rs. 20 per order, however, it is still lower than Zerodha’s charges of Rs. 50 per order.
  • IPO and Mutual Funds investments is not available on its mobile app – Upstox Pro Mobile.
  • The discount broker doesn’t provide trading tips and recommendations.
  • Upstox has suspended offering an NRI trading facility.
  • Upstox doesn’t offer Algo-trading facility.

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

Upstox Brokerage

There are two Upstox brokerage plans; Upstox Basic Plan and another is Upstox Priority Plan. Although both these plans come with flat Upstox brokerage charges, however, charges and margins across both basic and priority plan vary from each other. Here are the brokerage charges details under both the plans;

Upstox Basic Plan

Upstox Basic plan charges a flat fee of Rs. 20 per order or 0.05% whichever is lower and offers up to 20X leverage or margin for trading in the cash segment. Upstox brokerage charges for various segments are as follows:

  • Equity Delivery: Free means Zero brokerage delivery trading.
  • Equity Intraday: Rs. 20 per order or 0.05% whichever is lower.
  • Equity Futures: Rs. 20 per order or 0.05% whichever is lower.
  • Equity Options: Rs. 20 per executed order.
  • Commodity Futures: Rs. 20 per order or 0.05% whichever is lower.
  • Commodity Options: Rs. 20 per executed order.
  • Currency Futures: Rs. 20 per order or 0.05% whichever is lower.
  • Currency Options: 20 per executed order.

Upstox Priority Plan

Upstox priority plan is particularly for those traders & investors who want higher-margin exposure. If you are among such traders community who is looking for additional leverage then you must subscribe to the Upstox priority plan. As the plan offers you extra leverage that is up to 25x in the cash segment, therefore, charges a higher flat brokerage fee of Rs. 30 per order or 0.10% whichever is lower.

  • Equity Delivery: Free means Zero brokerage delivery trading
  • Equity Intraday: Rs. 30 per order or 0.10% whichever is lower
  • Equity Futures: Rs. 30 per order or 0.10% whichever is lower
  • Equity Options: Rs. 30 per order or 0.10% whichever is lower
  • Commodity Futures: Rs. 30 per order or 0.10% whichever is lower
  • Commodity Options: Rs. 30 per order or 0.10% whichever is lower
  • Currency Futures: Rs. 30 per order or 0.10% whichever is lower
  • Currency Options: 30 per order or 0.10% whichever is lower

Benefits

  • Lifetime zero brokerage delivery trading across both the plans.
  • High margin exposure available with the Upstox priority plan.
  • The flat brokerage model keeps brokerage charges constant regardless of brokerage size.

Other charges

  • Upstox Intraday margin square off charges of Rs. 20 per order + GST.
  • Instant fund transfer is charged at Rs. 7 per transaction.
  • Demat debit charges of Rs. 13 + Rs 5.50 CDSL charges are applicable.
  • Flat charges of Rs. 50 for Offer for Sale (OFS) and takeover or buyback orders.

Considerations

  • Upstox call and trade charges of Rs. 20 per order plus applicable GST.
  • No monthly brokerage plans are available with Upstox.
  • Upstox Priority plan comes with high margin exposure but charges higher brokerage.

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 Free 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

  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

Upstox, India’s leading discount broker offers various account opening services to clients. Let’s check out the types of Upstox accounts that it offers to trade across different financial products.

  • Upstox Demat Account: The Demat account by Upstox facilitates keeping securities like shares, mutual fund holdings, commodity, currency, etc. in digital format rather than keeping it in physical form.
  • Upstox Trading Account: Placing online buy and sell orders across equity, equity futures & options, commodity, currency, etc. is possible only through Upstox Trading Account. Upstox Trading and demat account are interlinked to make trading easier.
  • Upstox 3-in-1 account: Earlier, the broker was only offering Upstox 2-in-1 account – Demat and trading account but in March 2020, through partnering with IndusInd Bank, Upstox has started offering Upstox 3-in-1 account, also called IndusStox 3-in-1 account to customers, that is an integrated platform of IndusInd bank account, Upstox Demat Account, and Upstox Trading Account. Opening a 3-in-1 account with Upstox provides ultimate trading experience through easy fund transfer and withdrawal.
  • Upstox Commodity Trading Account: Upstox Commodity Account facilitates trading on MCX in various commodities such as gold, silver, zinc, Agri commodities, and others. If anyone wants to trade in commodities, then it is necessary to open a commodity trading account with Upstox.
  • Upstox Mutual Fund Account: People who want to invest in mutual funds must open Upstox Mutual Fund Account, however, this is to note that this is not an individual or separate account as opening a trading account with Upstox itself opens door to Upstox mutual fund investment, thus, there is no requirement to open it separately.

How to Open Upstox Account?

There are a number of ways to open an account with Upstox online, here are the details;

  • Fill out the details in the online form here. Click here to fill the Upstox contact form. and the Upstox team will contact you.
  • Go to the Upstox website:https://upstox.com, fill out the form, upload documents, and e-sign to open Upstox account online.
  • Offline account opening through visiting the Upstox branch and submitting physical forms.

Upstox Contact Details

  • 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

    Being a technology-led brokerage firm, Upstox offers all kinds of trading platforms whether it is a web-based platform, mobile trading application, desktop trading software, and also provides third-party trading tools such as Dartstock, FoxTrader, etc.

    1. Upstox Pro Mobile- Upstox Mobile App

    Pro Mobile is the Upstox mobile app that facilitates trading on fingertips by allowing customers to place orders online on their mobile. Upstox app is a single platform to trade-in key segments such as equities, derivatives, commodities, currencies, and mutual funds. The mobile app by Upstox comes with key features like real-time technical charts, price alerts, market watchlist, multiple timeframe charts, advanced orders, access to 10+ years of historical dataset, and others. Whether you are an Android user or iOS user, you can download the Upstox app on your device from the Google play store and App store.

    2. Upstox Pro Web – Upstox website or web-based platform

    It is the browser-based trading platform that can be used on any supported browser like Chrome, Internet Explorer, etc. on mobile, desktop or laptop. Upstox online or web-based trading platform comes with 100+ technical charting options, personalize watchlist, price alerts, one-click trade, advanced orders, and access to your trade reports i.e. order report, fund transfer reports, etc.

    3. Upstox Nest Trader – Upstox Desktop Trading Software

    The desktop trading software - named Upstox Nest Trader is particularly useful for high-level traders due to its high-end features such as multi-monitor support, advanced charting, technical indicators, bracket order, cover order, hotkeys, etc.

    4. Upstox Trading Tools

    Apart from the above mobile app, online platform, and trading software, it offers the following 3rd party trading tools;

    • Upstox Dartstock – Desktop software to access charting feature, scrip analyzer, trend scanner, etc.
    • Upstox Algo Lab – Upstox with Amibroker AFL bridge comes in two plans; Interactive and Market Feed plan.
    • Upstox Developer – Upstox API to create own platform.
    • Upstox FoxTrader – Charting software for the technical analysis of stocks.

    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 11 users

Upstox is one of the largest brokers in terms of the number of active clients base on NSE. With a large clientele base and the innovative online trading platforms like Pro Web, Pro Mobile app, and partner trading tools such as Fox Trader, Dartstock, etc. it is among the most reliable broker in the industry. Not only that but also it's zero brokerage equity delivery trading, flat Rs. 20 brokerage charges and a high margin with a priority plan are the reasons to open an account with Upstox. The only key setback is that the discount broker doesn’t offer NRI trading services, henceforth, if you’re an Indian trader and want to access the best trading tools for trading at the flat brokerage fee, then Upstox is definitely a great option for you.

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 2020-09-17



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.

     

     

  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

     

     

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Compare Upstox

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Upstox User Reviews

avatar
36. 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
35. 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
34. 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
33. 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
32. 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
31. Easo Philip 5/21/2020 9:18:49 PM Reply
Any of your office located in kerala?If yes kindly send me details
avatar
30. 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
avatar
29. Pragnesh sutariya 4/18/2020 10:53:49 PM Reply
Application is so load when open the portfolio section and sign in prosess is very very very pooor

Ratings:

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

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