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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

Table of Contents

Upstox Ratings & Review by Top10StockBroker

Upstox Ratings
Experience 8.1 / 10
Trading Platform 8.0 / 10
Product & Services 7.9 / 10
Brokerage Charges 9.0 / 10
Research 5.0 / 10
Overall Rating 7.90 / 10
Star Rating ★★★☆☆

About Upstox or RKSV Securities

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

Company Type Private
Broker Type Discount Broker
Headquarters Mumbai, India
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath
Established Year 2011

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 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, and 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 Charges & Fees
    Equity Delivery Trading Zero
    Equity Intraday Trading Rs.20 per executed order or 0.05% (whichever is lower)
    Commodity Options Trading Flat Rs.20 per executed order
    Commodity Futures Trading Rs.20 per executed order or 0.05% (whichever is lower)
    Equity Futures Trading Rs.20 per executed order or 0.05% (whichever is lower)
    Equity Options Trading Flat Rs.20 per executed order
    Currency Futures Trading Rs.20 per executed order or 0.05% (whichever is lower)
    Currency Options Trading Flat Rs.20 per executed order
    Minimum Brokerage Rs.20
    Demat AMC Charges Rs.0
    Trading AMC Charges Rs. 0
    Margin Money 75% 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 the 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 to 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 instalments 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 Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity Futures NSE Rs 200 per Cr (0.002%)
    Equity Options NSE Rs 5300 per Cr (0.053%) (on premium)
    Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
    Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
    Commodity Group 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] Rs. 0
    Trading AMC [Yearly] Rs. 0
    Demat Charges [One Time] Rs 0 (Free)
    Demat AMC [Yearly] Rs 0
    Margin Money 75% Margin

    The company is a leading discount broker available in India and avails various trading services and facilities for its clients. Its depository source is CDSL and charges Rs.0 for a Demat account opening.

    It also charges Rs. 0 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. 0, 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 in the table chart given below –

    Free Demat Account No
    Free Trading Account Yes
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans No
    1 Month Brokerage Free No
    Holiday Offers No
    Referral Offers No
    Zero Brokerage for Loss-Making Trades No

    Upstox is an efficient mobile trading app that offers convenient features which allow absolute beginners to trade with confidence. It offers flexible offers, products, and services to 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. It has custom-made offers according to the needs of the clients.

    It also offers trading reports for the client’s 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 a Demat account. Customers can apply for the same at 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- an aadhaar card, address proof, age proof, PAN card, and photograph) in softcopy to upload it online.
      4. Submit your 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 log in 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 a 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.

      The benefits of opening up a Upstox Trading 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 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 –

      Equity Trading Yes
      Commodity Trading No
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds No
      Forex No
      Banking No
      SIP No
      Insurance No

      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 mandatory trading products, including equity trading, currency trading, options, and futures.

      The upstox broking house avails of 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 thing 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 futures and options are derivatives. A future is a contract to buy or sell the underlying asset at a pre-decided date and price.

      Whereas, an 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 investments 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 as follows –

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations No
      Robo Advisory Yes
      PMS No
      Trading Institution No
      Trading Exposure Upto 5x

      Here is a 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 to 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 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 in its customers for a better trading experience.

      Upstox Research & Advisory

      Research & Advisory
      Fundamental Reports No
      Research Reports No
      Company Reports No
      Annual Reports No
      Company Stock Review No
      Free Stock Tips No
      IPO Reports No
      Top Picks No
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory No
      Relationship Manager No

      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
      Segment Basic Priority
      NSE/BSE Cash 5x 15x
      Index Futures 1x 4x
      Stock Futures 1x 4x
      Index Option Sell 1x 4x
      Stock Option Sell 1x 4x
      NSE Currency 1x 4x
      MCX Future 1x 3x

      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
      Segment Basic Priority
      NSE/BSE Cash 5x 15x
      Index Futures 1x 4x
      Stock Futures 1x 4x
      Index Option Sell 1x 4x
      Stock Option Sell 1x 4x
      NSE Currency 1x 4x
      MCX Future 1x 3x

      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 as follows –

      Trading Platforms
      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform Yes
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platforms No
      Real-time Updates Yes
      Portfolio Details Yes
      Online MF Buy Yes
      News Flash Yes
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory Yes
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi-Account Management Yes

      Here are the 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 favourite stock. It assists users in analyzing the stock market thoroughly.

      It is a lightweight trading platform that makes all 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 a basic internet connection.

      Upstox Pro App – Upstox Mobile Trading App

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

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

      Here is the list of features associated with the Upstox Pro mobile app is 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 a 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 Dealer No
      Offline Trading No
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll-Free Number No
      Branches Zero

      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 BSE 185
      Resolved in BSE 126
      Lodged in NSE 175
      Resolved in NSE 139

      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 Disadvantages

      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 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 trading performance and also help to generate revenues.

      If you are looking for a 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 costs.

      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 an 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?

      The leverage provided for each of the segments differs. Upstox provides the highest leverage in the category NSE/BSE Cash for both priority and basic plans, 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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