Discount Broker Depository: CDSL
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Backed by Tiger Global & Ratan Tata, Upstox is a discount broker that provides free third-party premium subscriptions at the time of account opening. It has an active client base of 51,99,547 till July 2022.

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

₹ 249

Call & Trade Charges

₹ 20
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
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.

  1. They have morning newsletters on market talks for free to know the market recap.
  2. There are many technical indicators for traders.
  3. Upstox is funded by Ratan Tata which adds a trust/ reliability in RKSV group.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Margin exposure is limited in the priority plan.
  2. Customers have to be careful while selecting a mutual fund as both direct and regular plans are offered.
  3. In the basic plan, every customer has to pay the Demat Transaction Charges which are comparatively higher.
  4. 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 both Priority Plan and Basic Plan.
  • 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.
  • Paid subscriptions of research tools (like Moneycontrol Pro, StockEdge Premium etc.) and educational courses are provided complimentary with Upstox’s account.

Why Choose Upstox? Know Everything about Upstox here.

Verdict

Upstox offers minimal brokerage and affordable plans. Backed by Mr. Ratan Tata, Upstox enjoys the second highest number of active clients. It provides advanced software for trading with terminal experience. Priority Plan comes with more leverage as compared to Basic Plan. Thus, Upstox can serve you better if you are a trader.

If you are a trader, the broker provides you with

  • A trading platform to analyse the market with the help of charting tools, backtesting & live scanning for strategic decision making.

  • Nest trading software platform provides a terminal experience to traders.

  • Dartstock software platform provides live & trend scanner, opportunity finder, recover & fall tracker & many more tools.

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 and are easy to understand.

  • For an investor, the basic plan is sufficient to transact in every segment.

Trading 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. The traders may need some guidance in understanding the features of the platform which is available as an online demo on the website.

Upstox Pro Mobile (Mobile Trading App)

Pro Mobile is a mobile trading application offered by Upstox for Android & iOS users. 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. Upstox's new mobile app comes with a new UI and new features like Smartlists, Smart Filters and daily market updates that enable informed trades.

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. 

    0.01% only on sell        0.05% only on sell

SEBI Charges

₹ 5 per crore

₹ 5 per crore

₹ 5 per crore

₹ 5 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% for Non Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell side, 0.01% on Non Agri 

Sell side, 0.05%

SEBI Charges

₹ 5 per crore

₹ 5 per crore

Currency Charges

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 5 per crore

₹ 5 per crore

Upstox Complaints & Stats

Company name:

RKSV Securities Private Limited

Contact:

022-6130-9999

Email:

sales@upstox.com
Upstox Customer Reviews

Overall Rating

4.1

Based on 97 reviews

View all 97 Reviews

Rating Summary

5
51%
4
27%
3
6%
2
5%
1
9%

Review Analytics

Platform 12 votes

Charges 5 votes

Transparency 1 votes

Features 13 votes

Customer Support 13 votes

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.

krishan kumar

(4)

Posted on 27 Apr 2022

Good

ashish gangoda

(4)

Posted on 20 Apr 2022

Good and simple UI , But brokerage charges are comparatively high for buy & sell

pranav pratap

(5)

Posted on 12 Apr 2022

Wow

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

sunil kumar

(5)

Posted on 13 Mar 2022

best experience with this broker.

akash babu

(4)

Posted on 02 Mar 2022

Good service but features is old

gaming with sanchit

(5)

Posted on 28 Feb 2022

..

yash dafare

(1)

Posted on 26 Feb 2022

Good ??

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