"Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the company for the proprietary trading started with the name of RKSV Securities and later changed the name to Upstox and made it second-largest discount broking firm of India"
Why Upstox?
- Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery, intraday and F&O trades.
- After Market Order (AMO), Cover Order and BO are available on both web and mobile.
- Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
- Zero Demat AMC, Free demat account for life.
- Offers NRI trading.
- Offers Mutual Fund Investment, SIP Investement.
- Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix
- Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.
Positives
- No Brokerage on Mutual funds.
- DEMAT AMC free for Life
- Low cost Brokerage
- Self-directed, easy to use online learning for all levels
- Easy to get started with Aadhar based signup
- Good Brokerage & Margin Calculator
- Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you
Needs Improvement
- No margin funding
- Does not provide Tips & recommendation
- Turnover charges on futures and options is higher than competitors
- Upstox doesn't offer unlimited monthly trading plans.
- Doesn't offer research based services.
- Charges on Funds Transfer @ ₹7 per fund transfer.
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| Year of Incorporation | 2012 |
| Products | Upstox Pro Web,Upstox Pro Mobile, Nest Desktop. |
| Demat Services | No |
| Active Exchange Memberships | BSE, NSE, MCX |
| Website | www.upstox.com |
| Contact Details | +91-22-6130-9999 |
| Total Number of Clients | 2,501,173 |
| Total Number of Branches | 4 |
Upstox is one the cheapest and most reliable discount broker in the non-banking finance industry which is backed by renowned personalities Mr.Ratan Tata, GVK, Kalaari Capital. Established in 2009 is managed by young entrepreneurs Mr. Ravi Kumar and Mr.ShrinivasViswanath.
Upstox is not only a stockbroker company but provide various courses and walks on the path of spreading good knowledge to their prospects. On comparing Upstox website with other stock broker's website, you can experience the level of transparency and quality of UI.
Upstox provides you an opportunity to invest in a variety of product to widen your portfolio and diversify your risk. Also, they have a vast range of technology platform to trade on and have an in-house team to make these platforms better on every passing moment. They have Pro web (Browser trading platform), Pro-mobile (Mobile trading app), Developer (API & 3rd party integration), Algo Lab (Bridge for Ami broker), desktop trading platforms (Dart stock, NEST trader, Fox trader), Tools & Calculators (Brokerage Calculator, Margin Calculator, Order generator, Option strategy Builder).
Their account opening process is also very simple and requires Aadhar card and Pan Card only. Upstox provides NRI trading also and try their best to remain ahead in the market by providing A + class customer services.
You can open free trading account with Upstox and it offers free trading in Equity Delivery segment.
Upstox Affiliation Details
- CIN: U74900DL2009PTC189166
- RKSV Securities NSE Member ID:
- Capital Market (CM) - INB231394231
- Future & Options (F&O) - INF231394231
- Currency Derivatives (CDS) - INE231394231
- RKSV Securities BSE Member ID:
- Capital Market (CM) - INB011394237
- Future & Options (F&O) - INF 011394237
- RKSV Commodities MCX Member Code: 46510
- CDSL: IN-DP-CDSL- 00282534
- NSDL: IN-DP-NSDL-11496819
Customers Service options offered by Upstox
- Phone Number : Customer Support / Call & Trade :+91-22-6130-9999
- Email Support :[email protected]
- Corporate Office :
30th Floor, Sunshine Tower,
Senapati Bapat Marg, Dadar (W),
Mumbai-400 013
Upstox Account Opening & AMC Charges
Trading Account / Demat opening is a one-time fee that Upstox charges while initiating your account opening process. Trading /Demat AMC(Annual maintenance Charges) is an annual fee charged by Upstox to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | INR150 | NIL |
| Demat Account | INR150 | INR150 |
Upstox Equity Delivery Charges | Upstox Intraday Charges
Please find below Upstox Brokerage charges for Delivery Trade & Intraday Trades. Upstox provides Delivery trade at 2.5% or up to Rs 20 / order (only apply to customers onboarded on or after 21st Sep 2021 ) Brokerage charges and Upstox charges for Intraday are 0.05% or Rs.20/Trade whichever is lower(Rs.30 in case of Priority Plan )Per Order.
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | 2.5% or up to Rs 20 / order only apply to customers onboarded on or after 21st Sep 2021 | 0.05% or Rs.20/Trade whichever is lower |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell side |
| Transaction / Turnover charges | NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade | NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.03% |
Upstox F&O Brokerage Charges
Please find below the Upstox Charges list for Equity Futures & Equity Options. Upstox provides Equity future Trading at 0.05% or Rs. 20/executed order whichever is lower and Options Trading at Flat Rs. 20 Per Order.
| Charges | Equity Future | Equity Option |
|---|---|---|
| Brokerage | 0.05% or Rs.20/Trade whichever is lower | Flat Rs. 20 per executed order |
| STT | 0.01% On the Sell-side | 0.017% On the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE: 0.0021% | NSE: 0.055% |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Upstox Currency F&O Brokerage
Please find below Upstox Brokerage Charges for Currency Future & Currency Options. Upstox charges 0.05% or Rs.20/Trade whichever is lower for Currency Future and Options Trading.
| Charges | Currency Future | Currency Option |
|---|---|---|
| Brokerage | 0.05% or Rs.20/Trade whichever is lower | Flat Rs.20/Trade |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.0015%, BSE: 0.00062% | NSE: 0.065% , BSE: 0.0260% |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Upstox Commodity Brokerage Charges
Please find below the Upstox Charges list for Commodity Trading. Upstox charges 0.05% or Rs.20/Trade whichever is lower for Commodity Trades.
| Charges | Commodity |
|---|---|
| Brokerage | 0.05% or Rs.20/Trade whichever is lower |
| STT/CTT | 0.01% on Sell |
| Transaction / Turnover charges | Non-Agri: 0.0031% | Agri: 0.00175 |
| SEBI Charges | 20 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
Upstox Mutual Fund Fee Structure
At The Time of Buying
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
At The Time of Selling /Switching
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
Charges Explained
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Securities / Commodities Transaction Tax: Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on the selling side when trading intraday or on F&O. When trading at Zerodha STT/CTT can be a lot more than the brokerage we charge.
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Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE, MCX) and clearing members.
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Call & trade: Additional charges of ₹20 per executed order:
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For orders placed through our support/dealing desk.
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Intraday (MIS/BO/CO) positions squared off before market closing by our RMS team.
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Stamp charges: Charged as per the state of the client's correspondence address.
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GST: Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
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SEBI Charges: Charged at ₹15 per crore by the Securities and Exchange Board of India for regulating the markets.
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DP (Depository participant) charges:₹13.0 per scrip (irrespective of quantity) debited from Demat account when stocks are sold. ₹5.5 per MF (irrespective of quantity) debited from Demat on redemption. Charged by a depository (CDSL) and depository participant (Upstox)
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AMC (Annual maintenance charges):₹150/Year
Upstox Margin Exposure
Upstox margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. UpStox F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Prostocks F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Upstox Account Offering
At Upstox you can open an Equity & Derivatives Trading account, Demat account, and Commodity Trading account.
Equity & Derivatives Trading Account
Upstox offers only online Trading Accounts and you will have an option to trade either through a software-based platform, a web-based platform or a mobile application. Upstox offers you to place an order by call and trade which will be charged Rs.20+GST per order through phone and you can modify the order as many times you want to during a day.
Equity Demat Account
The annual maintenance charge (AMC) for a Demat account at Upstox is Rs.150 which is collected at the end of the financial year on a pro-rata basis and the Demat account opening charges are Rs.150.
Commodity Trading Account
A Commodity Trading account is what you open with a Trading Member (Commodity Broker as you call him) of a recognized Commodity Exchange (MCX, NCDEX, etc. in India). There are no Annual Maintenance charges for your Commodity Account at Upstox and you can trade on MCX. Only futures trade on MCX and hence there is no need for a Demat Account for trading Commodities. At the end of the contract, the Future is cash-settled (if you haven't already squared off the position) or you can opt for physical delivery (not allowed at most of the online broking firms, including Upstox).
Opening an Account with Upstox
The account opening process in India still requires offline processes for completion. We still have to sign a physical copy of the forms and other documents.
Account opening fees are as follows :
- AMC charges of Rs.150 (+GST) are collected at the end of the financial year on a pro-rata basis and the Demat account opening charges are Rs.150 (+GST) for NSE & BSE.
- DP charges are Rs.13+Rs.5.5 = Rs.18.50 (+GST) which is charged only on the sell side of the transaction. The CDSL & NSDL are the depositories that charge the DP charges as a source of their revenue. A Depository Participant charge is levied any time you sell shares from your Demat account. This is akin to Exchanges like BSE and NSE charging a transaction fee.
The Final Thoughts about Upstox
"Upstox is one among the few stockbrokers who provide excellent service with minimal charges. Their services are worth experiencing and taking of each and every customer. Upstox provides commendable technical support and provides multiple trading platforms, tools, and calculators. They have multiple brokerage plans to caters to the needs of the different investors in India as well as outside India. Though that has multiple trading plans, they don't provide a monthly plan. And apart from that their future and option charges are on the higher side. Now, we have jotted negatives and positive for you and are leaving the decision on you".
Exclusive offer by Upstox
- Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
- Pay Rs 0 commission for Mutual Funds.
It is a limited-time offer. Open Instant Account and start trading the same day.
Upstox User Reviews
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