Upstox Reviews 2021 And Stock Trading, Demat, Brokerage

Upstox Review 2021 – Genuine Review

Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.

Upstox

Uptosx (RKSV) is best for you if you want to save your money on brokerage. Upstox charge fix brokerage of only Rs. 20 per trade irrespective of the trading volume.

It offers absolutely free trading account and free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of for traders.

Is Upstox Safe & Good

Uptstox (RKSV) is funded by Ratan Tata, Kalaari Capital and GVK Davix which makes Upstox a safe and reliable stockbroker for your investment.

Upstox is one of the best discount brokers in India, especially for the traders. One side the provides the fastest trading platforms which are the main need to book the high profits in day trading.

On the other side, you only need to pay only a flat Rs 20 per trade irrespective of your trade volume.

Recently Upstox crossed the 10 lakh user base mark and become the second biggest discount broker in India.

What makes Upstox a Best Choice

  • Free account opening
  • Flat Rs 20 per trade for intraday
  • Zero brokerage on Delivery
  • Provide advanced technology trading platforms

Save upto 90% on brokerage charges with upstox

You can save huge money on your brokerage as compared to the other service providers

Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side)

Comparison of Upstox trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling)

10,00,000 * 12 months * 0.55% = Rs. 66,000

Comparison of Upstox trading brokerage with Sharekhan that charges 0.10 % (0.2% total on buying and selling)

10,00,000 * 12 months * 0.2% = Rs. 24,000

Trading Brokerage with Upstox that Charges Rs. 20 per Trade

20 trades per month * 12 months * 20 Rs. brokerage = Rs. 4,800 only. (Saving of upto 90% on brokerage)

Upstox Annual Charges

Details of upstox account opening charges & annual charges

Upstox Demat and Trading account opening – Free (limited time offer)

Upstox maintenance charge – Rs. 25 per month

Upstox Brokerage Charges

Upstox offers 0% brokerage on stock delivery and a flat Rs. 20 per trade.

Detailed Upstox Charges

TypeBrokerage
Equity DeliveryRs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.05%
Equity FuturesLower of Rs. 20 per executed order or 0.05%
Equity OptionsRs. 20 per executed order
Currency Futures & OptionsFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order
Commodity F&OFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order

Call & trade service is also available at Rs. 20 per order.

Upstox 3 in 1 Account Review

Upstox offers free 3-in-1account (demat, trading & saving account) in collaboration with Indusind bank. The savings account is a zero balance account and you will earn interest on the funds allocated from your saving a/c for trade.

You will also earn up to 6X rewards points per 200 rupees spent on all your debit card transactions. You can use the rewards towards brokerage charges.

Benefits of IndusStox (Upstox 3-in1 Account)

  • No minimum balance required
  • You will earn interest on funds allocated from your Savings a/c for trade
  • Customizable account number (birthday or anniversary)
  • Free demat & trading account opening
  • Zero brokerage on delivery
  • The fixed brokerage of ₹20 per intraday trade

Upstox 3-in-1 account charges

You wouldn’t need to pay any extra charges for Upstox 3-in-1 account. You can open free 3-in-1 account if you apply through my special link.

Additional Upstox Products

1. Upstox Priority Pack Plan Review

Upstox priority pack is specially designed for Intraday traders who look for higher leverages. You will get higher trading margin as compared to the basic plan.

Abbreviations Used

  • CO – Closing Offset
  • OCO – One Cancels the other Order
  • BO – Bracket Order
  • F&O – Future and Options
  • CDS – Credit Default Swap

Benefits of Upstox Priority Pack

  • 2X Intraday leverage on option buy with CO/OCO/BO
  • Up to 28X leverage on index futures using CO/OCO/BO
  • 6X leverage on stock futures
  • 27X Intraday leverage on cash (normally 20X on basic plan)

You can enable priority pack at Rs. 999/month for trading in equities, F&O and CDS. For commodities, you have to pay Rs. 499/month.

The brokerage charges for priority pack is Rs. 30 per trade.

If you need high margins to trade on a regular basis, then you should definitely go with priority pack.

Difference Between Upstox Basic Vs Priority

Upstox priority plan is for experienced traders who need higher margin as compared to Upstox basic plan.

You can open also Upstox priority plan, but only if you required higher margin. Because the charges for priority plan are higher as compare to upstox basic plan.

Upstox Priority Vs Basic Charges

Upstox PriorityUpstox Basic
BrokerageRs 30 per tradeRs 20 per trade
Additional charges for Equity, FO and CurrencyRs 999/month0
Additional charges for commodityRs 499/month0

You will get higher margin for paying extra charges. Let’s compare the margin for upstox basic plan and priority plan.

Upstox Margin (Priority vs Basic)

Margin Intraday

SegmentBasicPriority Pack
NSE/BSE Cash15X20X
Index Futures3X6X
Stock Futures3X3X
Index Option Sell3X6X
Stock Option Sell3X3X
NSE Currency4X4X
MCX Future2.5X3X

Margin OC/OCO orders

SegmentBasicPriority Pack
NSE/BSE Cash20X27X
Index Futures20X28X
Stock Futures5X6X
NSE Option Buy1.33X2X
Index Option Sell3X4X
Stock Option Sell3X3X
NSE Currency4X5X
MCX Future3X4X

RKSV (Upstox) Demat & Trading Account Features 

#1. Low Brokerage Charges

RKSV charges a flat Rs. 20 brokerage charges under the “Basic” plan. The low brokerage is helpful to trade large volumes in a cost-effective manner.

New traders who want to experiment with stock intraday trading and are on a budget will benefit a lot from the flat charges.  

Whereas, intermediate traders with 6+ months of experience who can handle higher leverages can go with the “Priority” plan.

You need to pay Rs. 30 under the plan which is higher but still cheaper than the 0.50% brokerage charged by the full-service brokers like Sharekhan, Motilal Oswal, ICICI Direct and HDFC Securities.

#2. Decent Trading Margins

Margins help you trade multiple times of the money available with you. For example, if you have only Rs. 5000 in your trading account but enjoy 10X leverage then you can open an intraday position worth Rs. 5000 X 10x leverage = Rs. 50,000. 

RKSV offers a 15x margin on intraday equity trading under the “Basic” plan and slightly higher leverage of 20x under the “Priority” plan. 

The 15X margin is adequate for a new trader. In a sense, he is protected from the risk of losses by entering trades with high (50X) leverage.   

#3. Low Account Opening and Annual Charges

Upstox giving limited time offer to open Free demat & trading account. You would need to pay Rs 200 for account opening after the offer ends.

You will be charged Rs. 25 per month as maintenance charges.

What I Like

  • No brokerage charges for delivery
  • Great trading platforms
  • Fix & low brokerage irrespective of trade volume

What I Didn’t Like

  • You cannot make the investment to IPO and FPO

Upstox Trading Platforms Review

#1. Upstox Pro Web Review Review

Upstox Pro web is a browser-based trading platform that comes with advanced features like API integration, algo trading, charts and technical indicators.

The features help you to perform in-depth analysis and market understanding.

Pro web uses socket technology that allows access to real-time market data at a faster speed. You also get drag and drop facility to drag a particular script and drop on the chart screen to see the script in chart form instantly.

#2. Upstox NEST Trader Desktop Review

NEST trader is an advanced trading desktop software which helps you monitor markets, place orders and buy & sell shares in real time.

You can install the application on a desktop or a laptop.

Features of NEST Trader

  • Customizable interface
  • Low latency and enterprise-level

You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.

You can install Upstox Pro mobile trading platform to both Android and iOS versions.

  • stability
  • Multi-monitor support
  • Advanced Charting

#3. Upstox Pro Mobile App Review

You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.

You can install Upstox Pro mobile trading platform to both Android and iOS versions.

How to Open the Account with Upstox

RKSV offers you the option to open a Demat and trading account through online or offline methods. 

In the online method, you need to have an Aadhaar Card and the linked mobile number to authenticate the application form. In case you do not have a mobile linked Aadhaar card then you can go for an offline account opening method.

In both cases you will need the following set of documents.

  • PAN Card
  • Aadhaar Card
  • Specimen Signature
  • Photographs
  • Income proof (if you wish to trade in derivatives)

#1. Sign Up on RKSV (Upstox) Home Page

Click here to visit direct account opening page.

Click “Open Demat Account” button opens into a new window where you need to sign up for opening an online demat and trading account.

#2. Verify Your Mobile With OTP and Start Application

You need to provide your email address and mobile number. An OTP will be sent to your official mobile number to authenticate the mobile number. 

Once authenticated, you can move to the next stage of the application process and provide the PAN number along with the date of birth, as shown above

#3. Provide Personal Details

Next, you need to provide your personal information like marital status, yearly income and trading experience by clicking on the given options. 

The process is fast because you are required to select one of the options provided rather than filling all the details.

Before you proceed ahead to read the taxpayer declaration and check on the declaration box. Click on the “Next” tab to proceed ahead with the application process.

#4. Select Your Trading Preferences

RKSV gives you the option to select the segment in which you want to trade. You can go for all the segments or either set one from the following. 

  • First Set – Equity, Equity F&O and Currency F&O
  • Second Set – Commodity Trading

If you are new to stock market investing then you can go for the first set only. 

Next, you also have the option to choose the brokerage plans. By default, the system selects the “Priority” brokerage plan. Which needs to be changed in case you want to go for the “Basic” brokerage plan.

The Basic Plan with Rs. 20 brokerage and 15x intraday margin are better suited for a new trader. Whereas, the Priority Plan is best for experienced traders who require higher (20x) leverage. The brokerage charges (Rs. 30 per trade) are also higher under the Priority Plan.  

#5. Provide Bank Details

After selecting the plan, you need to provide your bank details like account number and the IFSC code of the bank branch. 

Make sure that you are not adding a payment bank because RKSV does not open a trading account linked with payment banks like Paytm.  

The bank details are required to link your trading account so that you can transfer funds online to your trading account. RKSV Securities does not share your bank account details and all transactions are encrypted for maximum security.  

#6. Authenticate Application Using Aadhaar

Next, you will need to authenticate the online application using the OTP received on the linked mobile number. 

In case, if you do not have an Aadhaar Card linked to your mobile number then you can use the offline demat application method.  

#7. Upload the KYC Documents

Finally, you will be required to upload a copy of all the KYC documents along with the image of your signature and photographs. 

This completes your application and the trading account will be opened in 24 to 48 hours time. RKSV will provide you with the trading account login ID and the password. 

FAQs

Ques 1 – What is Upstox?

Upstox is a discount brokerage company in India funded by Ratan Tata, Kalaari Capital and GVK Davix. In 2016, RKSV Securities changed to Upstox with a vission to provide an intuitive trading software at a great price.

Ques 2- what is Upstox app?

Upstox pro is a lightweight mobile trading app built for traders. You can do trading in stocks, derivatives, currencies, and commodities across NSE, BSE, and MCX exchanges through Its app.

Upstox app can be installed to both Android and iOS versions.

Ques 3 – what is co and oco in upstox?

Cover Order (CO) – A order in which a stop loss is placed simultaneously with the original buy/sell order.

One Cancel Other (OCO)- OCO is same as back order in which a price bracket is placed os target profit order and stop-loss simultaneously with the original buy/sell order.

Best For (Final Review on Upstox)

If you are looking for easy and advance trading platforms you should go with Upstox.

Upstox is a good choice for traders who don’t want to pay high brokerage and can manage without a high quality of customer service with decent trading platforms. However, they are getting high competition in that segment with Zerodha, 5Paisa also doing pretty well in those areas.

It has a good team of developers who seem to be developing the good quality of trading platforms for their clients, that being said there is plenty of competition in that segment and they need to ramp up their efforts if they are to become a frontrunner in the discount broking space.

It also needs to perform better when it comes to customer service with many clients complaining of less than satisfactory response to technical glitches at their end.

You would also get low brokerage charges and high margins which are key points for trading.

Upstox (RKSV) offers advanced, fast and stable web, desktop and mobile trading applications loaded with 100 plus indicators and charting tools. The trading platform is apt for intraday trading professionals and beginners. 

For long-term investors and high frequency traders, Upstox is certainly a fabulous trading platform to work on. From competitive brokerage plans to good customer services, there are lots of reasons(we covered all primary reasons in this upstox review) to get associated with Upstox.

In fact, Upstox discount broker is considered as the 2nd most popular discount broker in India after Zerodha. With over 1 lakh active clients and daily turnover of ₹15,000 Crores, Upstox is certainly a great trading option.

Upstox Referral Program

The discount broker boasts of a referral which allows existing customers to refer Upstox to their friends and family. On successful registration of a client, the referrer earns 10% of the brokerage generated from the accounts registered for the lifetime.

This is one program that is almost provided by every second broker in the market.

Read Also:

Leave a Reply

Close Bitnami banner
Bitnami