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The Upstox is a wide-ranging discount broker located in Mumbai, India. It offers a qualitative spectrum of trading products and services. The Discount broker was formerly known as RKSV Securities.

This write-up will discuss Upstox Review, its trading platforms, brokerage charges, brokerage plans, customer support, exposure, advantages, and many more features.

Upstox Offers


Upstox Customer Ratings & Review

Upstox Ratings
Experience8.1 / 10
Trading Platform8.0 / 10
Product & Services7.9 / 10
Brokerage Charges9.0 / 10
Research5.0 / 10
Overall Rating7.90 / 10
Star Rating★★★☆☆
Customer Reviews2147

About Upstox or RKSV Securities

The table given below is providing the details of the Upstox discount broking company –

Overview
Company TypePrivate
Broker TypeDiscount Broker
HeadquartersMumbai, India
FounderRaghu Kumar, Ravi Kumar & Shrinivas Vishvanath
Established Year2011

The table given below provides the details of the Upstox discount broking company –

Upstox has been a private discount broker located in Mumbai, India, since 2011. The company was established by Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath.

Upstox has emerged as an innovative entity in the recent times for its easiest access features on the mobile application. The tech-first discount broker offers trading services at a low cost. It avails trading facilities on various segments, including- commodities, equities, futures, currency, options.

Users can find all the trading facilities on Upstox trading platforms. The Upstox discount broker is backed by investors GVK Davis, Kalaari Capital, and Ratan Tata.

The Upstox trading platforms provide impressive trading features, including- charting, analysis, and more. The broker normally helps users to place orders through its trading platforms easily and is highly recommended as the Best Stock Broker in India offering online trading.

Its trading platform is designed with Omnisys NEST OMS and Omnesys NEST RMS. Upstox enables users to open up a trading account without any cost and trade in the equity delivery segment for free.

Users can trade in equity futures & options, commodities, equity intraday, currency, and derivatives via Upstox Pro.


Open Demat Account with Upstox – Fill up the Form Now!

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    Upstox Brokerage Charges and Fees

    Upstox is a renowned discount broker that avails trading services at a minimal cost. The table chart provided below shows the details of Upstox brokerage charges –

    Brokerage Charge & Fees
    Equity Delivery TradingZero
    Equity Intraday TradingRs.20 per executed order or 0.05% (whichever is lower)
    Commodity Options TradingFlat Rs.20 per executed order
    Commodity Futures TradingRs.20 per executed order or 0.05% (whichever is lower)
    Equity Futures TradingRs.20 per executed order or 0.05% (whichever is lower)
    Equity Options TradingFlat Rs.20 per executed order
    Currency Futures TradingRs.20 per executed order or 0.05% (whichever is lower)
    Currency Options TradingFlat Rs.20 per executed order
    Minimum BrokerageRs.20
    Demat AMC ChargesRs.249
    Trading AMC ChargesRs. 354
    Margin Money75% Margin

    Since the mission of this setup revolves around offering “great price,” the brokerage and fee components are pretty decent and light on the pocket.

    As mentioned above, RKSV set a trend of having certain blanket plans wherein, on a fixed charge basis, one can trade without any restrictions on the number of transactions.

    • Equity delivery – Free/ No charge
    • Intraday – Lower of Re. 0.01 or Rs. 20 per order traded
    • Other trades – Rs. 20 per order traded

    Upstox offers investors a unique way to enhance their leverage/margin for trading. It lets the investors keep their investment/shares as collateral, and corresponding to the value of such investment; it enhances the trading margin.

    For convenience, it does offer a fee/brokerage calculator like most of the other competitors do.

    Other Features

    Upstox has introduced various types of calculators:

    Brokerage Calculator – Calculate the brokerage applicable on your investment quickly and with a few clicks.

    SIP Calculator – Know the prosperity of your SIP for whatever duration you want with the SIP calculator.

    Future value Calculator – Calculate the prevailing value of your futures and decide the right time to buy or sell.

    Option value Calculator – Select the underlying price, strike price, and other segments, and get your option value in seconds.

    Lumpsum Calculator – Whether your investment is in installments or lump sum, Upstox has a calculator for both.

    MF Returns Calculator – Investors can calculate and analyze the profitability of their Mutual Fund investment through the MF Returns calculator.

    NPS Calculator – National Pension Scheme is India’s voluntary contribution pension system. NPS calculates the value of your investment with three key aspects, Amount of Monthly Investment, Expected return, and customer age.

    NPV Calculator – NPS calculator calculates the current value of your investment. It takes into consideration all the essential aspects like expenses, revenue, and capital costs.

    ELSS Calculator – An open-ended equity-based mutual fund scheme that offers tax savings under the Income Tax Act. Calculate the value of your ELSS in simple steps with the ELSS calculator.

    RKSV does not levy any restrictions like maintaining certain minimum balance maintenance of account status. It does not even charge any account closure fee or software fee, which some brokerage houses might levy.

    For a detailed calculation of brokerage & other charges, check out our Upstox Brokerage Calculator.


    Upstox Transaction Charges

    The Upstox discount broker has tailor-made some other charges also which are listed below –

    Other Charges
    Equity DeliveryNSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity IntradayNSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity FuturesNSE Rs 200 per Cr (0.002%)
    Equity OptionsNSE Rs 5300 per Cr (0.053%) (on premium)
    Currency FuturesNSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
    Currency OptionsNSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
    CommodityGroup A – Rs 290 per Cr (0.0029%)

    The broking house has customized other charges, which are very minimal and will never affect your profit or earnings.

    The company charges 0.00275% of total turnover as transaction charges, 0.0126% of total turnover as STT charges, 0.0002% of total turnover as SEBI charges, and stamp duty are dependent on the state.

    Moreover, it charges 18% of brokerage + transaction charges as GST.

    To know in detail, just click on this link Upstox Brokerage & Other Charges.


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    Upstox Demat Account Opening Charges

    The table chart provided below is detailing about the account opening charges of Upstox –

    Demat Services
    Trading Charges [One Time]NA
    Trading AMC [Yearly]Rs. 300 + 18% GST
    Demat Charges [One Time]Rs 0 (Free)
    Demat AMC [Yearly]Rs 249
    Margin Money75% Margin

    The company is a leading discount broker available in India avails various trading services and facilities for its clients. Its depository source is CDSL and charges Rs.249 for Demat account opening.

    It also charges Rs. 249 annually for Demat account maintenance. Moreover, the best thing about the company is it does ask for any type of margin money from its clients.

    Monthly maintenance charge = Rs. 25 (excluding GST), which will be charged at the end of every month and debited from your Trading a/c.

    For HUF

    Trading Account Charges: Rs.150 + GST = Rs.177

    Demat Account Charges: Rs.150 + GST = Rs.177 (AMC)

    For LLP- Account Opening Fees LLP

    Trading Account + Demat AMC: Rs.500 + Rs.1000 + GST = Rs.1770/- (non-refundable)

    Demat AMC 2nd year onwards: Rs.1000 + GST = Rs.1180/- (non-refundable)

    To know in detail, just click on this link Upstox Demat Account.


    Upstox Offers

    The Upstox offers are described briefly with the table chart given below –

    Offers
    Free Demat AccountNo
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansNo
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    Upstox is an efficient mobile trading app and offers convenient features which allows absolute beginners to trade with confidence. It offers flexible offers, products, and services to the customers at nominal prices.

    Upstox is essentially one of the Top 10 Discount Brokers offering innovative features and deals as listed below-

    • The company allows users to open a free trading account.
    • It also gives a good discount on brokerage for more convenience and flexibility.

    As the broking house is reliable, renowned and popular one. It has custom-made offers according to the needs of the clients.

    It also offers trading reports for the clients’ convenience, flexibility, and satisfaction. The company also provides expert support to the customers for resolving any type of queries and issues.


    How to Open a Demat Account with Upstox?

    Opting for the right broker is important before starting your Demat account opening process. Your selection for a broker might rely on various factors like- brokerage charges, trading platforms, customer service, and user interface.

    If you are looking forward to buying and selling various securities such as mutual funds, shares, etc., online, having a Demat account is essential. The Demat account offers cheap and fast trading.

    Usually, Upstox broking house offers online opening of Demat account. Customers can apply for the same as per their convenience.


    Open Demat Account with Upstox – Fill up the Form Now!

      Fill Your Details Here

      Upstox Online Demat Account Opening Procedure

      Make sure you choose the right broker before starting your Demat account opening process.

      You may select a broker according to the various facets, including- user interface, brokerage charges, customer services, trading platforms, etc.

      Online Demat account opening normally leads to paperless and aadhaar based Demat account opening. Steps to open a Demat account online-

      1. Click on the green “Open Demat Account” button below.
      2. Fill up basic details, including name, city, phone no., etc., and click the submit icon.
      3. With this method, you will be required to have all the mandatory documents (including- aadhaar card, address proof, age proof, PAN card, and photograph) in softcopy to upload it online.
      4. Submit Aadhaar details accurately and enter OTP to verify your identity successfully.
      5. After that, you will be able to use your Demat account without any problem and get login details.

      Once the company verifies and processes all of your submitted documents, you will get an account number called UCC ( Unique Client Code) code or BOID ( Beneficial Order Identification Number).

      The company will also provide your account login credentials like- login id, password, and key for using online trading portals.


      Why Open an Upstox Trading Account?

      A trading account is mandatory for every trader at the time of trading because the Demat account only handles and safeguards shares.

      It helps to buy and sell various stocks with ease and flexibility. The Upstox discount broker assists users in opening up a trading account for free and without any AMC charges.

      Benefits of opening up a Upstox Tading Account are listed below-

      • Users can open up a trading account without any charges.
      • They do not require to pay AMC charges for trading account maintenance.
      • It also offers various trading platforms for easy and convenient trading.
      • The broker responds quickly to all kinds of trading complaints and queries submitted by the customers or investors.

      Upstox Products & Services

      The Discount broker offers many products & services to its clients. Let’s go deep into this.

      Upstox Products

      The table chart given below provides the entire details regarding the products offered by the Upstox discount broker to its customers –

      Products
      Equity TradingYes
      Commodity TradingNo
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsNo
      ForexNo
      BankingNo
      SIPNo
      InsuranceNo

      Upstox discount broking has gained huge popularity in the stock market due to its product offerings. The company offers good quality trading products for huge satisfaction and convenience to its customers.

      Usually, its equity trading product is highly offered due to its heavy demand. The company executives usually custom-made products and services according to the needs and requirements of the investors or clients.

      With the trading products of upstox, the customers can easily boost the profit rate. The company offers all the mandatory trading products, including equity trading, currency trading, options, and futures.

      The upstox broking house avails all these trading products at very nominal prices. Upstox product offerings can be a great help in trading progress.

      Moreover, the discount broker provides good customer support and detailed trading reports including- stock reports, research reports, and more. All this can provide a huge convenience to the clients.

      The list of products offered by the company is given below-

      • Equity trading
      • Currency trading
      • Options
      • Futures

      The products mentioned above are customized based on clients’ or investors’ requirements to satisfy them to a great extent.

      With this kind of trading product, clients can progress in trading activities. Apart from this, the broking house does provide a lot of customer service, making the entire things much better and more impressive.

      Other Products

      Stocks – Stocks are securities of a company offered to investors. Stocks are commonly known as shares. There are two types of shares equity shares and preference shares.

      F&O – Both future and options are derivatives. A future is a contract to buy or sell the underlying asset at a pre-decided date and price.

      Whereas, Option contract gives the investor a right to buy or sell the right at a pre-determined price and date.

      IPO – To raise capital, companies offer investment to the general public in the form of shares. When such shares are offered for the first time, it is through an Initial Public Offering or IPO.

      Mutual FundMutual fund is a financial vehicle managed professionally. The money collected from the investors by issuing them units is invested in different stakes of securities available in the market.

      Upstox Services

      The table chart given below provides the entire details regarding the Upstox Services are as follows –

      Services
      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryYes
      PMSNo
      Trading InstitutionNo
      Trading ExposureUpto 5x

      Here is the quick list of services offered by the discount broker are as follows-

      • Demat account opening services
      • Trading account opening services
      • Intraday services
      • IPO services
      • Robo Advisory

      The wide-ranging and comprehensive discount broker is good at providing flexibility in service offerings to all of its customers.

      The company usually customizes services as per the client’s convenience, flexibility, and satisfaction. With Upstox services, investors can easily make fair investment decisions independently.

      The company provides flexibility in opening a Demat account and a trading account. Customers or clients can easily apply for the account opening online and offline.

      It offers offline and online services to choose the services at their convenience easily.

      Customers can have a great trading experience with the help of Upstox professionals and services. Its trading platforms are also customized very effectively so that the client does not face any trouble during trading.

      Its product and services together make trading better and easy. The broking house usually offers services for various trading segments, including- equity trading, currency trading, and more.

      The company has also customized versatile and convenient brokerage plans to provide huge satisfaction to all of its customers.

      The broking house mainly focuses on various services, including- Demat services, trading services, intraday services, IPO, and Robo advisory.

      Apart from this, the company assists professionals to its customers for a better trading experience.


      Upstox Research & Advisory

      Research & Advisory
      Fundamental ReportsNo
      Research ReportsNo
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsNo
      IPO ReportsNo
      Top PicksNo
      Daily Market ReviewNo
      Monthly ReportsNo
      Weekly ReportsNo
      Offline AdvisoryNo
      Relationship ManagerNo

      According to the above table chart, the company does not provide any type of detailed research and advisory to its customers and clients. It does not offer any kind of trading-related reports to the clients.


      Upstox Exposure / Leverage

      The table chart given below provides the details regarding Upstox Exposure or Leverage –

      Intraday Orders
      SegmentBasicPriority
      NSE/BSE Cash5x15x
      Index Futures1x4x
      Stock Futures1x4x
      Index Option Sell1x4x
      Stock Option Sell1x4x
      NSE Currency1x4x
      MCX Future1x3x

      As per the above-given table chart, the broking house provides the highest leverage of up to 15x on the NSE/BSE Cash segment, precisely for the Priority Plan. The company is providing good leverage on equity intraday and equity options.

      CO/OCO Orders
      SegmentBasicPriority
      NSE/BSE Cash5x15x
      Index Futures1x4x
      Stock Futures1x4x
      Index Option Sell1x4x
      Stock Option Sell1x4x
      NSE Currency1x4x
      MCX Future1x3x

      The above-provided table features the margin or the leverage for CO/OCO orders in particular. You can check the segment-wise distribution of the leverage rates before investing using margin benefit.

      The highest leverage is provided in the NSE/BSE Cash segment in the priority plan section, i.e., 15x. The lowest rate goes for the MCX Future segment from the basic plan, i.e., 1x.

      Upstox Margin Calculator will help you to calculate how much margin you will get if you invest or trade with Upstox.


      How to transfer shares in Upstox from other Stock Brokers?

      Transferring your shares from your existing stock broker to Upstox is a very simple process.

      You will be required to fill out the Delivery Instruction Slip, in which you will have to provide all details related to the shares you wish to transfer and their ISIN details. The ISIN number is 12 digits.

      Submit this DIS with your existing stock broker, who will further submit the same to Depository. The Depository on satisfaction regarding verification will transfer the shares to your new Demat account.


      Upstox Trading Platforms

      Upstox is a reliable discount broking platform where traders offer flexible trading services for an amazing trading experience.

      Here is the custom list of trading platforms provided by the company to its users are as follows –

      Trading Platforms
      Desktop Platform – WindowsYes
      Desktop Platform – MacYes
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyYes
      News FlashYes
      Research ReportsYes
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryYes
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementYes

      Here are various Trading Platforms of Upstox –

      Upstox Pro Trading Terminal

      Upstox Pro is a desktop-based trading platform through which you can easily buy and sell your favorite stock. It assists users in analyzing the stock market thoroughly.

      It is a lightweight trading platform that makes all the trading things possible.

      Upstox Pro trading platform has various features listed below-

      • The lightweight platform is available for traders.
      • Enable users to explore the stock market easily.
      • Requires only basic internet connection.

      Upstox Pro App – Upstox Mobile Trading App

      Upstox Pro Mobile app is designed for traders. It is one of the best trading platforms which allow users to trade anywhere with ease and flexibility.

      It is a sophisticated trading platform that requires good internet connectivity and assists users in boosting up profit margins.

      Here is the list of features associated with the Upstox Pro mobile app are as follows-

      • It excites Android users with its flexible functioning.
      • The user-friendly application makes people buy and sell stocks with ease.

      Upstox Pro Web – Upstox Online Trading Platform

      Upstox is considered one of the leading discount broking companies. It offers convenient services to all users or investors for easy trading. Its web-based trading platform allows investors to trade with flexibility and versatility.

      To run this platform of Upstox, you need to have a laptop computer or mobile phone. Users can use various browsers such as Google Chrome to access the web-based trading platform.

      Here is the quick list of features associated with a Upstox web-based trading platform are as follows-

      • It can be accessed in any browser- Firefox, Mozilla, etc.
      • Requires normal internet access.
      • Provide a good trading experience to users.

      The services of Upstox are available in two forms, website, and mobile app; they offer:

      Web/Desktop – Want to watch and analyze whether it is the buy time or sell time, just on the Upstox website and access all its features from the comfort of your home, office, or where ever you want.

      Mobile Apps – Whether you want to analyze the trends of the market, place an order for stocks, or just watch your portfolio grow, you can do it all with the mobile app of Upstox, a very simplified application tailored to suit your requirements.


      Upstox Customer Support

      The table given below provides the entire information regarding Upstox Customer Support –

      Customer Support
      Dedicated DealerNo
      Offline TradingNo
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      BranchesZero

      The Upstox is the greatest-known discount broker available across the nation. It offers qualitative customer support to all its existing clients.

      The company offers online trading services with professional support. It also provides email support so that clients can converse over email with company executives directly regarding any query.


      Upstox Complaints / RKSV Securities Complaints

      The table chart provided below gives information regarding the Upstox Complaints –

      Complaints (Current Year)
      Lodged in BSE185
      Resolvd in BSE126
      Lodged in NSE175
      Resolved in NSE139

      Upstox is a reliable and comprehensive discount broker that offers flexible brokerage services to customers or investors.

      BSE has received 126 complaints and NSE has received 175 complaints. As per the above-given table, the company has performed well in the stock market, but it needs to improve its servicing process.


      Upstox Disadvanatges

      With various advantages, the discount broker has some disadvantages also which are listed below –

      • The company does not provide 3 in 1 account opening flexibility.
      • No referral and holiday offers are provided to the customers.
      • It does not provide an offline-online trading facility to the customers.

      Upstox Conclusion

      Upstox is a wide-ranging discount broker available in our country. It offers qualitatively customized trading services and products to all the investors and its partners.

      It allows users to use its trading services as much as possible to boost their trading performance.

      The company provides qualitative products, but good customer support is offered to all the customers for ease and huge convenience.

      It also has qualitative and effective trading platforms to offer its clients a good trading experience. Its trading platforms help to boost up the trading performance and also help to generate revenues.

      If you are looking for any discount broking company which offers qualitative service at low prices, Upstox can be the best option for you. At Upstox, you will easily get convenient services at minimal brokerage cost.


      Upstox Review FAQs

      Here is the list of FAQs related to the Upstox Securities review:

      Is Upstox safe for trading?

      Since Upstox is funded by the industry experts Ratan Tata, Kalaari Capital, and GVK Davis, they are reliable stockbrokers. They are among the fastest-growing discount brokers, presently on the priority list of traders.

      What is the brokerage of Upstox?

      Discount brokers are best known for their cheap brokerage plans and are highly appreciated.

      Belonging to the same class of brokers, Upstox charges a flat rate of Rs.20 per order for major segments, excluding Equity, free of brokerage.

      How to open Upstox Demat online?

      The process to open a Demat account is absolutely simple.

      You need to begin the process by clicking on “Open Demat Account” from this article. Enter the details in the form that appears and follow up with the KYC process to get your Demat account instantly.

      Can I invest in IPO via Upstox?

      You can invest in the latest IPO via Upstox. This stockbroker provides the facility of investing in IPO alongside other trading and investment facilitation. Robo advisory is also a part of this stockbroker, which must be done online.

      What Leverage does Upstox provide?

      Leverage provided for each of the segments differs. Upstox provides the highest leverage in the category NSE/BSE Cash for both priority and basic plan, i.e., 15x.

      You can check the rest of the plans and rates from the tables provided above.

      Does Upstox have a trading App?

      The stockbroker provides flexibility in the form of the Upstox Pro App, which lets you trade from anywhere and anytime.

      The app has powerful features, enabling users to hold their finances completely. It is available for iOS as well as Android users.

      How to contact Upstox customer care?

      Offline assistance is not facilitated. The broker has no branches you can visit regarding your Query.

      However, other online modes of communication, i.e., Email support and helpline number, are great mediums to resolve your queries.

      Does Upstox provide Research?

      Research is not included among the services provided by this stockbroker, as it is a discount broker.

      Discount brokers are generally not involved in all the domains as full-service brokers are. Well, you can expect an amount of support in the form of stock tips.

      Is Upstox good for Beginners?

      Discount brokers are always a great choice for beginners, as starting small is generally their idea of investing a small amount.

      Though a great deal of assistance is not rendered, the low-cost factor is the perk for an investor who just started.

      Who Founded Upstox?

      Upstox was collectively founded by Ravi Kumar and Shrini Viswanath, the company’s co-founders. This discount broker is backed up by some of the best market players, Tiger Global Management and Ratan Tata.


      Open Demat Account with Upstox – Fill up the Form Now!

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        Open Demat Account - Offers


         

        One response to “Upstox Review, Brokerage Charges, Demat Account, Trading Platforms & more
        1. Uopstox service is very poor they don’t have good backup service to customer
          We have to wait for complaint resolution long time

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