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 Customer Ratings & Review
|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|
About Upstox or RKSV Securities
The table given below is providing the details of the Upstox discount broking company –
|Broker Type||Discount Broker|
|Founder||Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath|
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
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 Trading||Zero|
|Equity Intraday Trading||Rs.20|
|Commodity Options Trading||Rs.20|
|Equity Futures Trading||Rs.20|
|Equity Options Trading||Rs.20 per lot|
|Currency Futures Trading||Rs.20|
|Currency Options Trading||Rs.20 per lot|
|Demat AMC Charges||Rs.150 per annum|
|Trading AMC Charges||Free|
|Brokerage Calculator||Upstox 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
|Sharekhan||Edelweiss||Indiabulls Ventures||Kotak Securities|
|Angel Broking||HDFC Securities||India Indoline / IIFL||Motilal Oswal|
|Axis Direct||ICICI Direct||Karvy||5Paisa|
The Upstox discount broker has tailor-made some other charges also which are listed below –
|Transaction Charges||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
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 –
|Account Opening Charges||Rs.150|
|Demat AMC Charges||Rs.150 per Annum|
|Trading AMC Charges||Free|
|Offline to Online||No|
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.150 for demat account opening.
It also charges Rs. 150 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.
The Upstox offers are described briefly with 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|
|Zero Brokerage for Loss Making Trades||No|
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
|SBI Smart||Aditya Birla Money||Asit C Mehta Investment||Bonanza Portfolio|
|Narnolia Securities||Alice Blue Online||Astha Trade||Choice Broking|
|Zerodha||Anand Rathi||BMA Wealth Creators||Geojit Finance|
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-
- Click on the green “Open Demat Account” button below.
- Fill up basic details including- name, city, phone no. etc and click submit icon.
- 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.
- Submit Aadhaar details accurately and enter OTP to successfully verify your identity.
- 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
Upstox Products & Services
The Discount broker offers many products & services to its clients. Lets go deep into this.
The table chart given below is providing the entire details regarding the products offered by the Upstox discount broker to its customers –
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
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.
The table chart given below is providing the entire details regarding the Upstox Services are as follows –
|3 in 1 Acount||No|
|Trading Exposure||Upto 20x|
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|
|Company Stock Review||No|
|Free Stock Tips||No|
|Daily Market Review||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 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 –
|Exposure / Leverage|
|Equity Delivery||Upto 5x|
|Equity Intraday||Upto 20x|
|Equity Futures||Upto 7x|
|Equity Options||Upto 8x|
|Currency Futures||Upto 5x|
|Currency Options||Upto 6x|
|Margin Calculator||Upstox Margin Calculator|
As per the above-given table chart, the broking house provides the highest leverage of up to 20x on equity intraday. The company is providing good leverage on equity intraday and equity options.
Check Margin or Exposure of other stock brokers
|IDBI Direct||KIFS Trade Capital||Nirmal Bang||Prabhudas Lilladher|
|Jhaveri Securities||Mastertrust Capital||Groww||Profitmart|
|JM Financial||Monarch Networth Capital||Paytm Money||Reliance Securities|
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 –
|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 Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
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 –
|Toll Free Number||No|
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 BSE||185|
|Resolvd in BSE||126|
|Lodged in NSE||175|
|Resolved in NSE||139|
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.
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 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 all 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 intraday, i.e. 20x. 8x leverage is provided for options, 7x for futures and commodity, 6x for currency options and 5x for delivery and Currency Futures.
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
Find Reviews of other Stock Brokers
|Religare Securities||Shri Parasram Holdings||Sushil Finance||Ventura Securities|
|SAMCO||Shriram Insight||Swastika Investmart||Way2Wealth|
|SAS Online||SMC Global||Tradebulls||Yes Securities|