Upstox
Upstox is one of India’s leading discount brokerage firm. Our user base spans over 1 lakh traders process over Rs. 20,000 crores of the daily exchange and charges flat. Rs 20/order traded.
Upstox Review
Upstox is the trading platform offered by RKSV, India-based discount brokerage company headquartered in Mumbai offering Equity, Commodity and Currency Derivatives trading services at BSE, NSE and MCX.
Products and Features
- Upstox Pro
This Single platform is used to trade across all segments & exchanges as Equities, Futures, Options, Currencies & Commodities on NSE, BSE & MCX. This is the best rated Powerful and Fast Cross screen interface with Web & Mobile platform providing Precise and fast market data. Upstox has a very easy and intuitive user interface with Innovative features such as Trade from Charts, Advanced Charting and Options Trading and you can access option chain directly. Extensive Developer Library APIs & tools to create own app
- Free Mutual Fund Investment Platform
Upstox offers the simple & easiest way to open a free mutual fund account and start your SIP online. You don’t need to pay an extra charge for mutual fund account opening, As your, trading and a demat account will lead to automatically lead to access mutual fund platform at Upstox. Through Upstox mutual fund platform, you can invest in more than 1,500 Mutual Funds.
- Margin Trading Facility
Stocks bought with MTF are pledged with CDSL to safeguard the interest of the broker in a situation where the client is unable to pay off the borrowed amount. These charges are applicable one time at the end of the day. All MTF Positions will be visible under the Positions tab, labelled as MTF on the Upstox platform. Activating MTF is a one-time, easy and quick process. Once activated, you can use it whenever you want by switching on/off the “Get up to 50% funds from us’’ button.
- Brokerage & Margin Calculator
A brokerage calculator is an online tool aimed to help the traders/clients know the exact charges that they might incur when conducting a trade. Brokerage calculator will provide a detailed list of charges like brokerage charges, transaction charges & others for all transaction exact amount you pay for NSE, BSE and MCX trades even before you execute your trades by using our Brokerage Calculator
Similarly, Margin Calculator allows you to input your stocks position and understand calculate comprehensive span margin requirements for your trades. You can calculate margins including Span, exposure, VaR, ELM, and, Net Premium can using Upstox margin calculator.
Account Offered
- No fees to open an account and no charges for keeping a Demat account.
- Lowest flat fee of Rs 20 per order.
- Great platforms for traders and investors.
- You can invest in mutual funds and IPOs for free.
- You can invest in companies in over 25 countries.
- There are advanced order options like bracket order, cover order, AMO, and GTT order.
- There are advanced web and mobile apps for trading.
- You get TradingView charts, many technical tools, and drawing tools.
- You can trade on margin and use margin against shares.
- Free API access is available.
- UpLearn offers free learning resources.
Upstox Brokerage Calculator
Under the platforms section of the website, you can find a Upstox brokerage calculator. It is one of the very useful tools provided by the company. This feature is important for intraday traders for whom the brokerage firms of the big part which can influence their profit. They have provided separate calculators for every financial instrument namely equity, derivatives, currencies, etc.
For equity intraday orders, you will be charged a brokerage of ₹20 per order or 0.05% (whichever is lower) for both buy and sell orders. For all other charges, you can refer to our pricing page – Brokerage Charges . We do not charge any commission/brokerage on Mutual Funds and IPOs.
Online and Offline Account Opening
Upstox provides Seamless & fully paperless onboarding account opening process through using Aadhar or you can also apply for offline account opening. Sometimes they conduct upstox free account opening offer through Upstox account opening fest & offer upstox account opening promo code.
- Online Account Opening (Using Aadhar)- Apply Now
- Offline Account Opening (Aadhar is not mandatory)
Upstox has special webinars designed to help the client to get the most out of Upstox trading platform to ensure that get super comfy with their trading system. After account opening, If your shares are worth more than Rs. 20 lakhs or you want to sell your Mutual Funds, then only you will have to courier us the physical copy of your POA (Power Of Attorney) form.
In Upstox, you can start selling your shares online using the e-DIS (Delivery Instruction Slip) method without submitting a physical copy of your Power of Attorney (POA). The limit is Rs. 20 lakhs.
Now you need to fill the contact details to open Account with Upstox.
Upstox Account Opening Form (Sign-Up/Arrange a Callback)
Upstox Account Opening document
In both cases either online or offline Upstox Demat and trading account opening process, you need to keep these documents handy to open an account with seamlessly with Upstox.
- PAN Card
- UID (Aadhaar)
- Driving Licence
- Passport
- Voter Identity Card
- NREGA Job Card
- Any document notified by the central government
- Bank’s IFSC Code
- State issues Driving License
- Bank account or Post Office savings bank account statement.
Upstox Segment Margin
| Segment | Margin/Limit/Leverage |
|---|---|
| Equity Delivery | Upto 4X |
| Equity Intraday | Upto 5X |
| Equity Futures | Upto 1X |
| Equity Options | Upto 1X |
| Currency Futures | Upto 1X |
| Currency Options | Upto 1X |
| Commodity Futures | Upto 1X |
| Commodity Options | Upto 1X |
Transaction Charges
| Upstox Charges | EQUITY Delivery | EQUITY Intraday |
|---|---|---|
| Brokerage | ₹ 20/ order | ₹ 20 or 0.05% (whichever is lower) /order |
| Securities Transaction Tax (STT) | 0.1% (Buy and Sell order both) | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00297% | BSE charges vary as per the stock (scrip) group | NSE: 0.00297% | BSE charges vary as per the stock (scrip) group |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge + SEBI Charges) | 18% on (Brokerage + Transaction Charge + SEBI Charges) |
| SEBI Charges | ₹10/Crore | ₹ 10/Crore |
Upstox has one of the lowest brokerage charges in the industry. Upstox also has premium pricing for those customers who want to have an extra edge in the margin. Whatever your choice be, here is a quick look at the pricing structure.
Customer Support
You can contact Upstox through:
- Email: You can raise your queries regarding your account on su*****@up****.com.
- Phone: You can call the support team through a phone call dialing the below number.
- Customer Support: tel:022-41792999
- Head Office: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013
Overview
Upstox is a well-known discount broker. It does not charge commissions or account fees and has a flat fee of Rs. 20 for trading stocks, currency, commodities, and F&O. It has the second-highest number of active clients. With support from Mr. Ratan Tata, Upstox is a trusted brand. It offers modern tools to help customers make and carry out trading decisions. You can use Upstox accounts to invest in IPOs, mutual funds, and gold and silver.
Upstox is a discount broker that provides free third-party premium subscriptions at the time of account opening. Upstox has an active client base of 28,72,615 as of November 2024.
In 2024, the Indian stock market had a mixed performance, with NIFTY50 and SENSEX posting positive returns of 8.8% and 8.17%, respectively. However, gold and silver outperformed equities, with gold rising over 21%. Despite volatility from FII sell-offs, equities delivered consistent returns, rising for the ninth consecutive year.
Upstox is discount broker having world class stock trading platform trading and simplified Low cost & enriching consumer experience on UI & UX contributes to almost 4-5% of daily trades on BSE/NSE .- Fully digitized sign-up process
- All exchanges in one platform
- Most liked trading app with 4.4* rating
- Precise and fast market data.
- Zero Delivery Brokerage
- Bracket order in MCX available
- Free Mutual Fund Investment
- Stable & reliable platform
- Advanced Charting and Options Trading
- Offers NRI trading
Specification: Upstox
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