The Upstox is the 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.

In this write-up, we will discuss Upstox Review, its trading platforms, brokerage charges, brokerage plans, customer support, exposure, advantages and many more features as well.

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 –

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

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

The tech-first discount broker offers trading services at low cost. It avail 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 namely, GVK Davix, Kalaari Capital and Ratan Tata.

The Upstox trading platforms provide various impressive trading features including- charting, analysis and more. The broker normally helps users to place orders through its trading platforms easily.

Its trading platform is basically designed with Omnisys NEST OMS and Omnesys NEST RMS. Upstox enables users to open up a trading account without any cost and also trade in 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 – Start @ Rs.20 per Trade

    Fill Your Details Here

    Upstox Brokerage Charges and Fees

    Upstox is a renowned discount broker which avail trading services at a minimal cost. The table chart provided below is showing 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
    Brokerage CalculatorUpstox Brokerage Calculator

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

    RKSV does not levy any restrictions like maintenance of 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.

    Find brokerage charges of other Stock Brokers

    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 customised other charges which are very minimal and will never affect your profit or earnings.

    The company charge 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 is dependent on the state.

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

    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 diverse 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)

    Upstox Offers

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

    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 considered as the renowned and leading discount broker available in India. It offers flexible offers, products and services to the customers at nominal prices.

    The Upstox offers available for the clients are given below-

    • The company allow 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.

    Apart from this, it is good at offering trading reports for convenience, flexibility and satisfaction of the clients. The company also provide expert support to the customers for resolving any type of queries and issues.

    Find Offers from other Broking Houses

    How to Open a Demat Account with Upstox?

    Opting a right broker is important before you start 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 very essential for this. 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.

    Upstox Online Demat Account Opening Procedure

    Make sure you choose the right broker before you start with your demat account opening process. You may select 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 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 successfully verify your identity.
    5. After that, you will be able to use your demat account without any problem.

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

    Apart from this, the company will provide your account login credentials like- login id, password and key for using online trading portals

    Why Open an Upstox Trading Account?

    Trading account is a mandatory thing which every trader should have at the time of trading because the demat account only handles and safeguard shares.

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

    Benefits of opening up a trading account with Upstox 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 is also good at offering various trading platforms for easy and convenient trading.
    • The broker responds quickly to all kind of trading complaints and queries submitted by the customers or investors.

    Open Demat Account with Upstox – Start @ Rs.20 per Trade

      Fill Your Details Here

      Upstox Products & Services

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

      Upstox Products

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

      Equity TradingYes
      Commodity TradingNo
      Currency TradingYes
      Mutual FundsNo

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

      Usually, equity trading product is highly offered by the company 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 up the profit rate. All the mandatory trading products are offered by the company 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 report, research report 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 on the basis of clients or investors requirements in order to satisfy them to a great extent.

      With this kind of trading products, clients can have good progress in trading activities. Apart from this, the broking house does provide a lot of customer service which altogether make the entire things much better and impressive.

      Upstox Services

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

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryYes
      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 customise services as per the client’s convenience, flexibility and satisfaction as well. With Upstox services, investors can easily make fair investment decisions on their own.

      The company provide flexibility in opening a demat account as well as a trading account. Customers or clients can easily apply for the account opening online and offline both. It offers both the services offline and online so that customers can easily choose the services as per their convenience.

      Customers can have great trading experience with the help of Upstox professionals and services as well. It’s trading platforms are also customised in a very effective way so that the client does not face any trouble during trading.

      It’s 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 customised 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 provide assistance of professionals to its customers for 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 type of trading related reports to the clients.

      Upstox Exposure / Leverage

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

      Intraday Orders
      NSE/BSE Cash5x15x
      Index Futures1x4x
      Stock Futures1x4x
      Index Option Sell1x4x
      Stock Option Sell1x4x
      NSE Currency1x4x
      MCX Future1x3x
      Margin CalculatorUpstox Margin Calculator

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

      CO/OCO Orders
      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 with the use of margin benefit.

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

      Check Margin or Exposure of other stock brokers

      Upstox Trading Platforms

      Upstox is a reliable discount broking platform where flexible trading services are offered to the traders for 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 favourite stock. It assists users to analyse 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 requires good internet connectivity and assists users to boost 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 as one of the leading discount broking companies. It offers convenient services to all the 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 laptops computer or mobile phone. Users can make use of various browsers such as- Google Chrome to access the web-based trading platform.

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

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

      Upstox Customer Support

      The table given below is providing 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

      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 is giving information regarding the Upstox Complaints –

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

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

      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 offline to the online trading facility to the customers.

      Upstox Conclusion

      Upstox is a wide-ranging discount broker available in our country. It is good at offering qualitatively customised trading services and products to all the investors and its partners as well.

      It allows users to use its trading services as much as they can to boost up their trading performance. Not only qualitative products are provided by the company, but good customer support is also provided to all the customers for ease and huge convenience as well.

      It also has qualitative and effective trading platforms to offer its clients for good trading experience. It’s trading platforms helps to boost up the trading performance and also helps to generate revenues.

      If you are really looking for any discount broking company which offer 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

      Ques – Is Upstox safe for trading?

      Answer – Since Upstox is funded by the industry experts Ratan Tata, Kalaari Capital, and GVK Davix, this makes them a reliable stock broker. They are among the fastest growing discount brokers, who are presently on the priority list of traders.

      Ques – What is the brokerage of Upstox?

      Answer – Discount brokers are best known for their cheap brokerage plans, and are highly appreciated for the same. Belonging to the same class of brokers, Upstox charges a flat rate of Rs.20 per order for major segments, excluding Equity, which is Free of brokerage.

      Ques – How to open Upstox demat online?

      Answer – The process to open a demat account is absolutely simple. You need to begin the process by clicking on the button, “Open Demat Account” from this article. Enter the details in the form which appear and then follow up with the KYC process to get your demat account instantly.

      Ques – Can I invest in IPO via Upstox?

      Answer – You can invest in the latest IPO via Upstox. This stock broker provides the facility of investing in IPO alongside other trading and investment facilitation. Robo advisory is as well a part of this stock broker, all of which must be done online.

      Ques – What Leverage does Upstox provide?

      Answer – Leverage provided for each of the segments differs. Highest leverage is provided by Upstox in the category NSE/BSE Cash for both priority and basic plan, i.e. 15x. You can check rest of the plans and rates from the tables provided above.

      Ques – Does Upstox have trading App?

      Answer – Flexibility is provided by the stock broker in the form of Upstox Pro App, which lets you trade from anywhere and anytime. The app has powerful features, enabling the users to have a complete hold of their finances. It is available for the iOS, as well as the Android users.

      Ques – How to contact Upstox customer care?

      Answer – Offline assistance is not facilitated. This is because the broker has no branches you can visit, regarding your Query. However, there are other online modes of communication, i.e. Email support and helpline number, which are great mediums to get your queries resolved.

      Ques – Does Upstox provide Research?

      Answer – Research is not included among the services provided by this stock broker, as it is a discount broker. Discount brokers are generally not involved into all the domains as much as full service brokers are. Well, you can expect an amount of support in the form of stock tips.

      Ques – Is Upstox good for Beginners?

      Answer – Discount brokers are always a great choice for beginners, as starting small is generally their idea where they intend to invest small amount. Though a great deal of assistance is not rendered, the factor of low cost is the perk for an investor who just started.

      Ques – Who Founded Upstox?

      Answer – Upstox was collectively founded by Ravi Kumar and Shrini Viswanath, who are the Co-founders of the company. This discount broker is back up by some of the best market players, Tiger Global Management and Ratan Tata.

      Open Demat Account with Upstox – Start @ Rs.20 per Trade

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