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 44,21,338 till October 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. The early morning newsletter of Upstox is well crafted and provides excellent insights and market recap.
  2. Upstox offers delivery transactions at no cost, has flat trading fees and provides margining against shares held.
  3. Availability of knowledge resources, both technicals and basic investing.
  4. Toggle easily between TradingView and ChartsIQ libraries.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. It allows NRIs, HUF, Companies to open a demat account only through an offline process.
  2. Customers have to be careful while selecting a mutual fund as both direct and regular plans are offered.
  3. 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.

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

  • A wide 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-class trading 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 make informed trades.
  • 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, โ‚น 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

โ‚น 5 per crore

โ‚น 5 per crore

โ‚น 5 per crore

โ‚น 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

โ‚น 5 per crore

โ‚น 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

โ‚น 5 per crore

โ‚น 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 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.

krishan kumar

(4)

Posted on 27 Apr 2022

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. ??