https://bit.ly/3nxgYq733 Upstox Review 2022| Brokerage Charges, Free Demat & Trading Account
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Upstox Review 2022

Rated 4.5 stars Rated 4.5/5 by Top Share Brokers Team
Last updated on: 7-Jun-2022
Upstox Review

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Free Demat + Trading Account + Rs 1000 credit for first 30 days.
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Upstox Review 2022 - Quick Summary

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.


Rated 4.5 stars

Upstox Top Highlight for 2022

  • Pay maximum Rs. 20 per order brokerage charges across segments.
  • Zero brokerage direct mutual fund investment and IPO apply.
  • Upstox IndusInd Bank 3-in-1 account: Upstox Demat A/c + Upstox Trading A/c + IndusInd Bank Saving A/c.
  • Open Free Upstox Demat & Trading Account at zero charges. Limited period offer.
  • Invest in global companies in 60+ exchanges across 25 countries.
  • Ultra-fast Upstox Pro trading platform across web and app version.
  • Upstox GTT Order – Good Till Triggered.

About Upstox

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.

Upstox Promotion 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 Brokerage Plan, Fees and Charges

Rated 4.5 stars Brokerage and Commission Rated 4.5/5

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.

Upstox Account Opening Charges

Trading Account Opening Charges: Promotion offer: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Free

Upstox Brokerage Plan 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 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 0.02% 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 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
Rating
Rated 4.5 stars
Rated 4 stars Rated 4.5 stars Rated 4 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 20 Per Executable Order
  • RMS Auto Square Off Charges: Rs 20 Per Executable Order
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Upstox Brokerage Charges.

Please refer unique and accurate Upstox Brokerage Calculator


Type of Account offered by Upstox

Upstox Demat & Trading Account

    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 3-in-1 Account/IndusStox 3-in-1 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;

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

    Open Upstox IndusInd Bank 3-in-1 Account

Upstox Commodity Trading Account

    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.

Upstox Mutual Fund Account

    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.


How to open Upstox Account online?

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.

  1. Head to the Upstox website, and click on Create Account
  2. Upstox Sign-up: Enter your mobile number and then a 6-digit OTP for verification.
  3. Create a 6-digit PIN and reenter it to quickly access the Upstox account.
  4. Enter your E-mail ID address.
  5. Enter PAN Card number and date of birth (DOB) as per PAN card.
  6. Provide personal details like Gender, marital status, annual income, and trading experience.
  7. Based on the document, the system will automatically fetch your correspondence address, and you have to verify it.
  8. Enter a digital signature that must be mapped with your PAN card or bank account.
  9. Complete in-person verification by taking a live photo of yourself.
  10. Add bank account details like account holder name, IFSC Code, and account number.
  11. Keep scanned copies or soft copies of all the documents i.e., PAN card, Aadhaar, canceled cheque leaf, and latest bank statement.
  12. E-sign now your application through Aadhaar-based OTP verification.
  13. Now, the details will be verified by the Upstox scrutiny team and if verified, your user ID or unique client code (UCC) along with the password for your trading account will be sent to your registered email address.

Contact Upstox

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

Alternatives to Upstox

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Upstox Mobile App and Trading Platforms

Rated 4.5 stars Trading Platforms Rated 4.5/5

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 Mobile App

    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.

Upstox Pro Web

    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 API

    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.

  • Upstox Interactive API charges; Rs. 750 per month
  • Upstox Historical API charges; Rs. 500 per month

For detail review of mobile app and download please visit Upstox Trading Platform Review.


Upstox Trading Pros

  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Upstox Trading Cons

  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Upstox Customer Care info

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 Customer Care Phone Number: +91 22 6130 9999
  • Upstox Customer Support Email: support@upstox.comĀ 
  • Upstox Knowledge Center: https://upstox.com/help-center/

Final thought about Upstox

Rated 4.5 stars Rated 4.5/5 by 12 users

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.

Request call back from Upstox

Last updated on: 2022-06-06



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, equity delivery trading is charged at a lower of Rs. 20 per order or 0.05%. The broker offers zero brokerage investment in direct mutual funds, IPO, and digital gold.

 

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, 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 50 lakh+ strong customer base with around 14% 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.

 


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