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Discount Broker Depository: CDSL
390
Backed by Tiger Global & Ratan Tata, Upstox is a discount broker that provides free third-party premium subscriptions at the time of account opening. Upstox has an active client base of 24,01,555 as of January 2024.
Product Basket
The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker
Equity
Commodity
Currency
Futures
Options
Brokerage Plans(Single Plan)
1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.
Charges
Account Opening Charges
Free
Account Maintenance Charges
Free
Call & Trade Charges
₹ 50
Brokerage
Equity Delivery Brokerage
2.5%
Equity Intraday Brokerage
0.05%
Equity Futures Brokerage
0.05%
Equity Options Brokerage
₹ 20
Currency Futures Brokerage
0.05%
Currency Options Brokerage
₹ 20
Commodity Futures Brokerage
0.05%
Commodity Options Brokerage
₹ 20
Margins
Equity Delivery Margin
4x
Equity Intraday Margin
5x
Equity Futures Margin
1x
Equity Options Margin
1x
Currency Futures Margin
1x
Currency Options Margin
1x
Commodity Futures Margin
1x
Commodity Options Margin
1x
✍ Upstox Brokerage Calculator Charges Details
Trading Platforms Learn More
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.
Pro Web Trading Platform Upstox Pro Mobile
Pros
Advantages and Strengths of this broker.
- The early morning newsletter of Upstox is well crafted and provides excellent insights and market recap.
- Upstox offers delivery transactions at no cost, has flat trading fees and provides margining against shares held.
- Availability of knowledge resources, both technicals and basic investing.
- Toggle easily between TradingView and ChartsIQ libraries.
Cons
Disadvantages of this broker that it needs to improve upon.
- It allows NRIs, HUF, Companies to open a demat account only through an offline process.
- Customers have to be careful while selecting a mutual fund as both direct and regular plans are offered.
- Extra ₹20 per executed order is charged for Intraday square off orders when they are not squared off by the customer.
Additional Features
Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.
3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options
Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.
Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Upstox
Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.
Charges
(3.7)
Usability
(4)
Customer Service
(2.5)
Charges Review
- Offers minimal brokerage based on type of plan.
- Equity delivery is free with investment through Upstox.
- Their call & trade charges are lower than other brokers.
- Demat Transaction Charges are higher for the Basic Plan.
- Advanced trading platform is provided for free which makes it more popular among traders.
Customer Service Review
- Upstox provides email & call support but not satisfactorily.
- As per customer reviews, support is provided if you raise a ticket but the response is delayed.
- No Relationship Manager is provided upon opening of the account
Ease of Use Review
- The trading platforms are quite advanced and user friendly.
- They offer numerous third-party platforms (Dartstock, NEST Trader and Fox Trader) for trading.
- Upstox’s mutual fund investment platform offers both Direct and Regular plans, but the investor needs to be cautious while placing an order.
Account Opening Procedure Review
- For individual accounts, the online account opening process is quite simple and convenient.
- The offline procedure is cumbersome and time consuming (even for individual accounts) due to a lesser number of physical branches.
🌟 Upstox Customer Reviews
Why Choose Upstox? Know Everything about Upstox here.
Verdict
Upstox has become a prominent player among discount brokers. With no commission, no account maintenance, and a flat brokerage of Rs. 20 for stocks, Currency, commodity, and F&O segments, it enjoys the second-highest number of active clients.Backed by Mr. Ratan Tata, Upstox has become an easy-to-trust brand. It provides its customers with cutting-edge and technologically advanced front ends to make trading decisions and executions. Upstox accounts can be used to invest in IPOs, Mutual Fund, and Bullion (Gold and Silver).
If you are an investor, the broker provides you with
Provides free subscriptions to premium educational content,
Investors can invest globally through Upstox’s platforms,
Mutual Fund investments in direct plans are available,
Platforms have a user-friendly interface.
If you are a trader, the broker provides you with
Awide array of charting tools, with 100+ charting tools and indicators,
Nest trading software platform provides a terminal experience to traders,
Dartstock software platform provides live & trend scanners, opportunity finders, recover & fall trackers & many more tools,
Leveraging technology that includes brokerage calculator, SPAN calculator, and options builder tool.
Trading Tools
Upstox has various curated trading tools and quality in-classtrading platforms to provide a seamless trading experience to all customers. Below mentioned are the brief description of different platforms and tools.
Pro Web Trading Platform
Upstox Pro Web offers a variety of trading features like charting with technical indicators, shortcuts (hotkeys) for faster trading, etc.
Some of its other features include:
When using the platform's capabilities,traders might require some assistance,which is demonstrated online on the website,
Customers can trade like professional traders by adding more than 100 indicators to their charts,
This trading platform enables investors and dealers to observe the market extensively and trade confidently.
Upstox Pro Mobile (Mobile Trading App)
Pro Mobile is a mobile trading application offered by Upstox for Android & iOS users. Some of its features are:
- It facilitates trading in multiple segments including NSE cash, Futures and Options, and Currencies, along with Technical indicators on real-time charts and price alerts,
- Redesigned features, including smart lists, smart filters, and daily market updates,help traders to makeinformedtrades.
- Depending upon the risk profile, investors can utilize professionally developed strategies and achieve the desired result with minimal risk and maximum profit potential.
Charges Details
For Equity
CHARGES | DELIVERY | INTRADAY | FUTURES | OPTIONS |
Transaction Charges | 0.00345% -NSE | 0.00345% -NSE | 0.0020% -NSE | 0.053% -NSE |
Demat Transaction Charges | Sell side, ₹ 18.5 per scrip | - | - | - |
Clearing Charges | - | - | 0.0002% -NSE | 0.005% -NSE |
GST | 18% on Brokerage + Transaction + Demat Charges | 18% on Brokerage + Transaction | 18% on Brokerage + Transaction + Clearing Charges | 18% on Brokerage + Transaction + Clearing Charges |
STT | 0.1% on both buy & sell. | 0.025% only on sell. | 0.0125% only on sell | 0.0625% only on sell |
SEBI Charges | ₹ 10per crore | ₹ 10per crore | ₹ 10per crore | ₹ 10per crore |
For Commodity
CHARGES | FUTURES | OPTIONS |
Transaction Charges | 0.0026% forNon Agri | 0.05% |
Clearing Charges | 0.00% | 0.00% |
GST | 18% on Brokerage + Transaction | 18% on Brokerage + Transaction |
STT | Sell side, 0.01% onNon Agri | Sell side, 0.05% |
SEBI Charges | ₹ 10per crore | ₹ 10per crore |
Currency Charges
CHARGES | FUTURES | OPTIONS |
Transaction Charges | 0.0009% -NSE | 0.035% -NSE |
Clearing Charges | 0.0004% -NSE | 0.025% -NSE |
GST | 18% on Brokerage + Transaction | 18% on Brokerage + Transaction |
STT | - | - |
SEBI Charges | ₹ 10per crore | ₹ 10per crore |
🙋♂️ Read Upstox FAQ
Upstox Complaints & Stats
Company name:
RKSV Securities Private Limited
Contact:
022-6130-9999
Email:
Active Users:
24,01,555
Upstox Customer Reviews
Overall Rating
4.1
Based on 94 reviews
View all 94 Reviews
Rating Summary
5
52%
4
27%
3
6%
2
5%
1
8%
Review Analytics
Platform 12 votes
Charges 5 votes
Transparency 1 votes
Features 13 votes
Customer Support 13 votes
jenil patel
(5)
Posted on 23 Nov 2022
Good
mahendra singh
(5)
Posted on 06 Oct 2022
Nice
jagannath raysamanta
(1)
Posted on 22 May 2022
nice
subhankar dey
(2)
Posted on 11 May 2022
Charges are higher than other brokers.If you want features and to pay AMC go for zerodha the charges are lower than upstox.If you don't want to give AMC go for groww it to have low charges as compared to upstox but having less features.
Good
mustafa sayed
(5)
Posted on 10 Apr 2022
Good
harshad shivaji patole
(1)
Posted on 09 Apr 2022
Best app for investment in my point of view
vashishtha maurya
(5)
Posted on 30 Mar 2022
Happily trading since 2020 with UPSTOX
akash babu
(4)
Posted on 02 Mar 2022
Good service but features is old
manoj
(5)
Posted on 13 Feb 2022
simply awesome
tulsi kumar saw
(5)
Posted on 17 Jan 2022
Best platform and broker
sunil wandhare
(5)
Posted on 14 Jan 2022
very Good
sudhir raigur
(2)
Posted on 27 Dec 2021
Brokerage is expensive 2.5% or 20rs whichever is lower.its is the most expensive discount broker
prabhakar dutta
(5)
Posted on 06 Dec 2021
I am using last 4 years with minimal issue and quick resolving everyone should go with upstox for delivery and long term purpose
nilesh shidore
(1)
Posted on 01 Dec 2021
Wrist broker, no costumer support
md kamaluddin
(2)
Posted on 24 Nov 2021
Account opening proses very hard
krushna chandra sahu
(2)
Posted on 13 Nov 2021
Features good but too much charges
pawan kalyane
(1)
Posted on 23 May 2021
Worst app. No customer care support. Can't change primary bank account. Can't submit E mandate. No help after raising ticket. Request not to use this app.
sayed alam
(5)
Posted on 21 May 2021
Can you tell me the procedure of opening BSDA account? I will be very helpful and thankful for this. {Because I am a small investor and the AMC is high for me??}
saptarshi mandal
(5)
Posted on 15 May 2021
??
beckey singh
(5)
Posted on 11 May 2021
love it
kavya kathuria
(5)
Posted on 29 Apr 2021
Great
k. ritika
(5)
Posted on 23 Apr 2021
Great experience
pritish pradhan
(5)
Posted on 10 Apr 2021
Upstox is the future.
nishant kumar
(4)
Posted on 09 Apr 2021
I'm long term investor in particular, so squaring off the underperforming stocks and stocks under some external issues is very painful due to very high DP charges on sell side, plus MMC charges are also a masked charges which I missed while selecting my broker.The mobile application is very good, and has many technical indicators to use at same time, we can see news related to that company at the same interface! I hope everyone finds it useful. ??
View all 94 Reviews
How to Open Account?
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