Yes, Upstox Demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). Upstox acts as only an intermediary between the customer and the central depository.
Upstox's Margin Trading Facility (MTF) allows you to buy stocks with just 50% of your own funds and borrow the remaining 50% from Upstox. This can help you to increase your trading capacity and take advantage of investment opportunities that would otherwise be out of reach.
To avail of MTF on Upstox, you must:
The minimum margin requirement for MTF on Upstox is:
VAR stands for Value at Risk and is a measure of the potential loss that a trader could incur on a particular trade.
Upstox offers brokerage free equity delivery trading. For all other segments, it charges flat Rs. 20 or 0.01% per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc. Click the link to know more about Upstox brokerage charges.
Upstox monthly maintenance charge of Rs.25 (excluding GST) is applicable only on demat accounts. This will be charged at the end of every month.
Upstox is a reliable stock broker in India for many reasons including a strong reputation of its investors, decade long experience in broking, tech-first approach, and no major violations reported to date.
Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata.
The company is a member of BSE, NSE, and MCX exchanges. It is also registered with SEBI, NSDL, and CDSL.
You can open the Upstox account in 2 easy ways:
1. Upstox Online Account Opening
Click on to open an account
Enter your Email Address and Mobile Number.
Fill in your personal details and bank details.
Review, confirm and submit the application.
2. Upstox Offline Account Opening
Visit Upstox website, Go to 'Support'
Click 'Download Forms'
Click 'Demat & Trading Account'
Print the form
Fill and sign the form.
Attach all the required documents.
Courier the filled form to Upstox registered office.
Upstox has both normal and instant withdrawals. Based on the app version, there are two ways to withdraw money from your Upstox account:
For updated versions:
Click on the name icon in the top left corner of the app to open the wallet section of the app. Here you can choose whether you want to withdraw funds from your Securities or Commodities account.
After selecting the account type, enter the amount of withdrawal and click “Continue”.
You will now come to a confirmation page. Click on the “Confirm Withdrawal” button to finish the withdrawal request.
Place a withdrawal request as mentioned above for updated versions.
The request will be processed via IMPS within 15 minutes, subject to certain conditions.
You will get an SMS and email confirming the withdrawal.
Note: The conditions necessary for instant withdrawal:
IMPS mode should be active on your bank account.
Instant withdrawal is possible only on the trading day. It's not possible on trading holidays and weekends.
Timings for making Instant withdrawal are from 11:00 AM - 4:00 PM. A withdrawal request outside these time frames would be treated as a standard withdrawal request.
The total Instant Withdrawal amount range allowed is between ?100 to ?50,000 in a day including both securities and commodities wallet.
The total amount that you have utilized, against any open or closed positions which needs to be zero, in order to place an instant withdrawal request.
There are several ways to transfer funds into your Upstox trading account:
Google Pay (GPay)
Upstox offers two types of accounts:
You can open both of these accounts with Upstox.
In addition to these two types of accounts, Upstox also offers the following:
Upstox also offers a variety of other features and benefits, such as:
Overall, Upstox is a good option for investors of all levels, as it offers a variety of features and benefits, including low brokerage charges, an advanced trading platform, and research and analysis tools.
Based on the app version, there are two ways to close your Upstox account:
For updated versions
Login to the Upstox app.
Click on Picture/Initials on the top left corner of the screen.
Under the “Account” tab, click on “Profile”.
Click on the “View All” button next to “Account”.
Click on the “Three Horizontal Bars” on the top left corner, to open a menu.
From the menu, select “Account Closure”. Click on the “Close Account” button in the closure segment. This will send you to the confirmation page.
On the confirmation page, click on the link generated to be redirected to the closure page.
On the closure page, select your reason for closing the account from the drop-down menu.
Click on the “Close Account” button. Your account will be closed within 7-8 working days from the submission of the closure request.
Upstox account is a 2-in-1 account. It is a combination of a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc. And the demat account is used to hold securities like stocks, mutual funds etc.
The upstox account allows investors to trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund investment in a lump sum or SIP way.