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

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:

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

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

0.05%

Equity Options Brokerage

₹ 30

Currency Futures Brokerage

0.05%

Currency Options Brokerage

₹ 30

Commodity Futures Brokerage

0.05%

Commodity Options Brokerage

₹ 30
Margins

Equity Delivery Margin

2x

Equity Intraday Margin

7x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

2.5x

Commodity Options Margin

0x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

0.05%

Equity Options Brokerage

₹ 30

Currency Futures Brokerage

0.05%

Currency Options Brokerage

₹ 30

Commodity Futures Brokerage

0.05%

Commodity Options Brokerage

₹ 30
Margins

Equity Delivery Margin

2x

Equity Intraday Margin

10x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

0x
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. Free equity delivery brokerage on each plan.
  3. There are many technical indicators for traders.
  4. 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.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - 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

₹ 100 per Lacs 

Sell side, ₹ 25 per Lacs 

Sell side, ₹ 10 per Lacs 

Sell side, ₹ 50 per Lacs 

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 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

₹ 15 per crore

₹ 15 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

₹ 15 | per crore

₹ 15 | per crore

Upstox Complaints & Stats

Company name:

RKSV Securities Private Limited

Contact:

022-6130-9999

Email:

sales@upstox.com
Upstox Customer Reviews

Overall Rating

4.2

Based on 73 reviews

View all 73 Reviews

Rating Summary

5
50%
4
34%
3
8%
2
1%
1
5%

Review Analytics

Platform 12 votes

Charges 5 votes

Transparency 1 votes

Features 13 votes

Customer Support 13 votes

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. ??

k. ritika

(5)

Posted on 26 Feb 2021

Great experience!

koushik chakraborty

(1)

Posted on 01 Feb 2021

ALL TIME SEVER ISSUE

hardik jain

(3)

Posted on 01 Feb 2021

The app interface is usually smooth and trading and investing is convenient. But today, I was unable to login to the app during market hours as it had some issues. They said they're trying to sort it out, but precious time was lost and I lost out on an important buy. This is unacceptable for a stock broker!

prasad chidrawar

(5)

Posted on 30 Jan 2021

Very good Broker..can be trusted at anytime.

pranav ojha

(5)

Posted on 28 Jan 2021

its nice after sale service is ok

your watch maker

(4)

Posted on 26 Jan 2021

Best Platform for F&0.Especially Options trading. It provides a live Option chain and makes it easy to Buy Put and Call.

shivang singh

(4)

Posted on 24 Jan 2021

It's good for traders due to high margine, But it's brokerage is higher then zreodha. And in priority pack brokerage is 0.1% which is very high

mehfooj

(1)

Posted on 24 Jan 2021

Assitance level is zero every time you have to raise a ticket for any query( this process take one week or more to solve your inquiry)

ashish lugun

(5)

Posted on 23 Jan 2021

Great

govind choudhary

(3)

Posted on 21 Jan 2021

I am using Upstox from a long time. It’s is good. But when I switched to ios its user interface is really bad. It’s not as good as android version.

satyam kumar choudhary

(5)

Posted on 15 Jan 2021

ALL IS WELL

sadavarti bhavesh

(4)

Posted on 14 Jan 2021

Good broker

sandip chand

(5)

Posted on 13 Jan 2021

One of the best broker if u r a active trader...

tanishq tilwani

(4)

Posted on 10 Jan 2021

Nice and simple platform,My experience with customer support was quite good too.

allwyn gonsalves

(4)

Posted on 09 Jan 2021

I am using it for quite long and have never faced any system issues while trading.....Smooth procees and easy to understand.

biplov soren

(5)

Posted on 08 Jan 2021

Awesome

pradhumn raghuvanshi

(4)

Posted on 02 Jan 2021

It doesn't have gtt order

rohit kamdi

(1)

Posted on 02 Jan 2021

Problem in upstox app , glitch and bugs are there

anapu venkat rajesh

(3)

Posted on 01 Jan 2021

pros: 1.) mobile application is easy to use. 2.)offers almost every feature like investing in digital gold, small case, MF's, foreign equities. cons: 1.) app is vulnerable with frequent login issues, lags etc., 2.) Backoffice is not integrated into the app. You need to make an extra effort to login using keystone(or)bo.upstox. 3.)Beware of investing in Mutual Funds because they offer Regular Plan instead of Direct plan. So you need pay little extra commission in expense ratio. 4.) Very bad stock price alert system. In zerodha, there is Sentinel(price alert system) which is way better. 5.)No basket order and GTT order availability. 6.) Also for investors with very low capital(less than 50k) there is an option to avail BSDA option which is not offered not by default by the broker. You need to take the offline route to avail this facility.(In zerodha you can avail this facility by default provided yours is first demat demat account).

ravikiran chougule

(5)

Posted on 31 Dec 2020

I use upstox from 3 years, my investing experience is very nice with upstox. app's interface was very smooth and user friendly, it's never laged. But upstox website laged sometimes, that cause I use app only. Sometimes I feel they taking more hidden charges from me, it's higher than any discount broker & and their customer contact services are slow. But I am comfortable with upstox.

manishpatel09

(4)

Posted on 31 Dec 2020

nice

anuj mishra

(5)

Posted on 27 Dec 2020

.

bhashkar kumar

(3)

Posted on 26 Dec 2020

I love this broker. Haven't faced much issue. Sometimes I face problem for adding fund. Only once a strange thing happened, I bought a stock and it was successful but next day it wasn't in my account like I never bought it. And the app should have some option where we can simply view different charges deducted for maintainance or trading.