Upstox Review

Upstox Review 2020: Brokerage, Account opening and Other Features

Upstox is a discount broker in India and earlier it was known as RKSV Securities. The broker provides lower brokerage, good trading platforms, high margins on delivery, and intraday equity trading.

You can trade-in equity, equity future and options, currency future and options, commodity future, and options form exchanges like NSE, BSE, and MCX.

Upstox is funded by a group of reputed investors like Kalaari Capital, Ratan Tata, and GVK Davix and it is also a SEBI registered broker, making it one of the safest brokers in India.

Upstox’s trading platform has many features like security trading, analysis, charting, and many more. Using the platform, it is very easy to place orders through phones and web browsers.

In this article, I will review Upstox and the features provided by the broker, like brokerage, account opening, trading platforms, customer service, and other charges.

Upstox 3 in 1 Account Review

Upstox is one of the few discount broker, who provides 3 in 1 DEMAT and Trading account, in partnership with Indusind bank. There are several benefits of Upstox 3 in 1 account (Also Known as IndusStox).

  • No minimum balance requirement (Generally private banks need an average monthly balance of Rs 10,000)
  • You will earn interest on funds allocated to trading
  • Customizable and easy Bank account number
  • Free trading account opening

Upstox 3 in 1 Account opening charges

You have to pay no charges to open a Upstox 3 in 1 account.

Upstox Brokerage and Other Charges

Below are the brokerage charges and other charges of the Upstox Demat and Trading account.

Upstox Brokerage Charges

Equity Delivery TradingZero
Equity Intraday TradingRs.20
Commodity Options TradingRs 20
Equity Futures TradingRs 20
Equity Options TradingRs 20 per trade
Currency Futures TradingRs 20
Currency Options TradingRs 20 per trade
Minimum BrokerageRs 20
Demat AMCRs 150
Trading Account AMCFree
Margin MoneyZero

Other Charges (Non-Brokerage)

Transaction Charges0.00275% of Total Turnover
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

Upstox Trading Platforms

Upstox offers two trading platforms.

  1. Upstox Pro Mobile Trading Platform (Android and iOS)
  2. Upstox Pro Web

Upstox Pro Mobile Trading Review

Upstox Pro Mobile Trading ApplicationUpstox Pro mobile trading application is one of the highest-rated trading platforms in google play store. The application is available for both Android and iOS devices. By using this application you can trade in all segments like equity, commodity, and currency.

You can buy and sell securities, check charts, add funds, and withdraw funds using the application. The application is quite a neet and has a clear and easy user interface. The application is fast enough to trade in securities. Here are some key features of Upstox Pro Mobile Trading application:

  • Universal search tool (Just type the security name)
  • Real-time charts with multiple intervals and indicators
  • Real-time quotations and feed
  • Unlimited watch-lists
  • Price alerts and more

Upstox Pro Web-based Platform

Upstox pro web-based platform

Upstox Pro web-based platform can be used from any of the web browsers like chrome, firefox, or edge. The design is quite good and basic functionality is the same as the mobile application. The response time is good enough for trading. You can trade-in equity, commodity, and currency using this trading platform.

Upstox Product Pricing and Plans

PricingUpstox PriorityUpstox Basic
BrokerageRs 30 per tradeRs 20 per trade
Additional charges for Equity, FO and CurrencyRs 999/month0
Additional charges for commodityRs 499/month0

Upstox Margin Basic Vs Priority

SegmentBasicPriority Pack
NSE/BSE Cash15X20X
Index Futures3X4X
Stock Futures3X3X
Index Option Sell3X4X
Stock Option Sell3X3X
NSE Currency4X4X
MCX Future2.5X3X

Upstox DEMAT and Trading Account

How to Open Upstox DEMAT and Trading Account?

You can open Upstox trading and DEMAT account by following these steps.

how to open a upstox demat sand trading account

  1. Open the account opening page of Upstox using a web browser.
  2. Register your mobile number and email address on the website.
  3. Fill the bank details, Aadhar number, PAN.
  4. Upload the required documents.
  5. Complete E-sign and IPV.
  6. Now after completion of the process, you will receive your client code and password in your mobile number through SMS or by email.

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