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 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.